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Outstanding Loan As Of February 29 To Be Reference For Loan Relief: Finance Ministry
Press Trust of India | Wednesday October 28, 2020The lending institutions have been asked to complete the exercise of crediting the amount in the accounts of borrowers by November 5. -
Axis Bank Posts Rs 1,683 Crore Profit In September Quarter, Asset Quality Improves
Edited by Abhishek Vasudev | Wednesday October 28, 2020Axis Bank's net interest income or the difference between interest earned on loans and interest expended on deposits rose 20 per cent to Rs 7,326.07 crore. -
Larsen & Toubro Profit More Than Doubles To Rs 5,520 Crore In September Quarter
Edited by Abhishek Vasudev | Wednesday October 28, 2020Larsen & Toubro's revenue from operations declined 12.15 per cent to Rs 31,034.74 crore from Rs 35,328.45 crore during the same period last year. -
Indian Railway Finance Corporation Files IPO Papers, Increases Issue Size
Edited by Peter Noronha | Wednesday October 28, 2020The public offering will consist of a fresh issue of 118 crore equity shares and an offer for sale of 59.4 crore equity shares by the Government of India. -
Crude Oil Falls 2% Amid Rise In US Output, COVID-19 Cases
Reuters | Wednesday October 28, 2020, TokyoEnergy firms and ports along the US Gulf Coast prepared on Tuesday for Zeta, the 11th hurricane of the season, as it entered the Gulf of Mexico. -
Pandemic Keep-Fit Drive Boosts Puma Sales In Americas, Europe
Reuters | Wednesday October 28, 2020German sportswear company Puma reported a rebound in third-quarter sales in the Americas and Europe as consumers keen to keep fit during the COVID-19 pandemic bought more online. -
Gold Eases On Stronger Dollar; COVID-19 Concerns Limit Fall
Reuters | Wednesday October 28, 2020The dollar rose 0.5 per cent to a more than one-week high versus its rivals, making gold more expensive for holders of other currencies. -
Global Stocks Tumble As Lockdown Fears Grip Investors
Reuters | Wednesday October 28, 2020European shares fell on reports of potential lockdowns in Germany and France, losing 2.5 per cent to hit five-month lows, rattled by a media report that France might bring in a national lockdown from midnight on Thursday. -
Sensex Slumps 600 Points, Nifty Ends Below 11,750 On Weak Global Cues
Edited by Abhishek Vasudev (with inputs from Reuters) | Wednesday October 28, 2020All the eleven sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Financial Services index's over 2 per cent decline. -
Sensex Crashes Over 700 Points, Nifty Tumbles Below 11,700 On Weak Global Cues
Edited by Abhishek Vasudev (with inputs from Reuters) | Wednesday October 28, 2020Selling pressure was visible across the sectors as all the 11 sector gauges compiled by NSE were trading lower led by Private bank index's 2.25% fall. -
Sensex Closes 600 Points Lower Tracking Global Markets: 10 Things To Know
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 28, 2020Domestic stock markets registered sharp losses on Wednesday tracking global equities, as rising COVID-19 cases in the US and Europe dampened investor sentiment. The S&P BSE Sensex index plunged 747.5 points - or 1.84 per cent - to 39,774.60 at the weakest level during the session, and the broader NSE Nifty 50 benchmark slumped to as low as 11,684.85, down 204.55 points - or 1.72 per cent - from its previous close. A selloff across sectors - led by banking, financial services and IT shares - weighed on the markets. -
Will Your Credit Card Dues Be Covered In COVID-19 Loan Relief? Read This
Edited by Sandeep Singh | Wednesday October 28, 2020The credit of relief in loan accounts will arrive days ahead of Diwali, as the country prepares for the ongoing festive season, normally a preferred time for consumers to make new purchases. -
Kotak + IndusInd Bank: How India's Biggest Bank Merger Would Stack Up
Rahul Satija, Bloomberg | Wednesday October 28, 2020Talk of the merger and Kotak's unexpected profit growth has already pushed the lender ahead of rival ICICI Bank Ltd. to become India's second-largest by market value. -
Tata Group To Buy Majority Stake In BigBasket For About $1 Billion: Report
Reuters | Wednesday October 28, 2020China's Alibaba, which holds around 26 per cent stake in BigBasket, is expected to sell its entire shareholding in the company, the Economic Times reported. -
Bharti Airtel September Quarter Revenue Jumps 22% To Record Rs 25,785 Crore
Reuters | Wednesday October 28, 2020, BengaluruARPU or average revenue per user at the country's second-largest telecom operator rose to Rs 162 for the quarter, from Rs 128 a year earlier.
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