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IMF Sees Less Severe Global Contraction But Trouble In Emerging Markets
Reuters | Wednesday October 14, 2020The IMF forecast a 2020 global contraction of 4.4 per cent in its latest World Economic Outlook, an improvement over a 5.2 per cent contraction predicted in June. -
Infosys Q2 Results Preview: Infosys Slips 2% Ahead Of Q2 Earnings
Edited by Peter Noronha | Wednesday October 14, 2020Infosys, the country's second largest information technology company, had reported a 2 per cent sequential decline in net profit at Rs 4,233 crore in the previous quarter ended June 2020. -
Wipro Slips Nearly 7% Post Q2 Earnings, Share Buyback Plans
Edited by Peter Noronha | Wednesday October 14, 2020Wipro Share: Wipro had announced that it would buy back 23.75 crore shares at Rs 400 per equity share, which was a premium of 6.45 per cent to Tuesday's closing price of Rs 375.75. -
Stock Market Updates: Sensex Falls Over 200 Points, Nifty Near 11,850; Bank Stocks Lead Losses
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 14, 2020Stock Market Updates: Lowering its forecast for India, the IMF said the country's economy will contract 10.3 per cent this year because of the coronavirus pandemic. -
Hong Kong's Foreign Exchange Intervention Highest Since 2009 Crisis
Reuters | Wednesday October 14, 2020Capital has flown into the Asian financial hub in 2020, initially due to comparatively high interest rates, and subsequently attracted by a series of large initial public offerings, analysts said. -
Market Latest Updates: Sensex Falls Over 250 Points, Nifty Below 11,850; Bank Stocks Lead Losses
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 14, 2020Share Market Latest Updates: Lowering its forecast for India, the IMF said the country's economy will contract 10.3 per cent this year because of the coronavirus pandemic. -
Petrol, Diesel Prices Unchanged On Wednesday
Edited by Peter Noronha | Wednesday October 14, 2020In Delhi, the price of petrol was Rs 81.06 per litre and diesel was Rs 70.46 per litre - the same levels as the previous day, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Weak Opening
Edited by Peter Noronha (with inputs from agencies) | Wednesday October 14, 2020Asian equities were set to slip on Wednesday as halted COVID-19 vaccine trials and absent U.S. stimulus agreement weighed on investor sentiment. -
IMF Slashes India Economic Forecast, Predicts Record Slump
Agence France-Presse | Tuesday October 13, 2020IMF forecasts that India's GDP will plunge 10.3 per cent this fiscal year ending on March 31, 2021, the biggest contraction since independence. -
Centre To Miss Fiscal Deficit Target, Another Stimulus Expected Soon: Sources
Reported by Sunil Prabhu, Edited by Abhishek Vasudev | Tuesday October 13, 2020India's fiscal deficit crossed the annual target for 2020-21 in August government data showed. According to the data, the fiscal deficit at the end of July stood at Rs 8.21 lakh crore -
Wipro Announces Share Buyback Of Rs 9,500 Crore, Profit Rises 3% In September Quarter
Edited by Abhishek Vasudev | Tuesday October 13, 2020The company has guided for revenue from IT services to be in range of $2,022 million to $2,062 million translating into a sequential growth of 1.5-3.5 per cent for December quarter. -
Retail Inflation Rises To Highest In 8 Months As Food Prices Soar
Reuters | Tuesday October 13, 2020, New DelhiRetail inflation has remained above 4 per cent, the middle point of the Reserve Bank of India's (RBI) target of 2-6 per cent, for a year. -
Paytm Launches Same-Day Bank Settlement Facility For Businesses
Asian News International | Tuesday October 13, 2020, New DelhiThe feature can be accessed from Paytm merchant dashboard or Paytm for business app; the minimum amount that can be transferred is Rs 50, and the maximum amount is Rs 2 lakh in a single transfer request. -
5 Things To Know About Government's Gold Bond Scheme
Edited by Sandeep Singh | Tuesday October 13, 2020Gold Bond Scheme: Gold bonds are an effective way to earn gold-linked returns along with interest at the rate of 2.5 per cent per annum, say wealth planners. -
Sensex, Nifty End Marginally Higher As IT, Energy Shares Rise
Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 13, 2020Stock Market Updates: Consumer inflation increased to 7.34 per cent in September, the highest level recorded since January, and well above the upper end of the RBI's target range.
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