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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. -
Stock Market Updates: Sensex Falls Over 100 Points, Nifty Slides Below 11,900 As Financial Stocks Drop
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. -
Top Court Lists Hearing On Centre's Interest Waiver Plan For Wednesday
Edited by Sandeep Singh | Tuesday October 13, 2020The Supreme Court had earlier asked the government to consider the concerns of real estate companies and power producers in a fresh plan on interest waiver. -
Likhitha Infrastructure IPO: Here's How To Check Allotment Status
Edited by Peter Noronha | Tuesday October 13, 2020The oil & gas pipeline infrastructure service provider had fixed the price band of the share offering at Rs 117-Rs 120 per share, which was later revised downwards to Rs 116-Rs 120 per share. -
Market Latest Updates: Sensex Gains Over 150 Points Led By IT, Pharma Shares
Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 13, 2020Share Market Latest Updates: Analysts awaited corporate earnings from IT major Wipro due later in the day. -
Petrol, Diesel Prices Unchanged On Tuesday
Edited by Peter Noronha | Tuesday October 13, 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 Set To Have A Subdued Opening
Edited by Peter Noronha (with inputs from agencies) | Tuesday October 13, 2020The stock markets are likely to open flat, with a negative bias, after eight consecutive days of gains, going by early indications from SGX Nifty trading. -
Industrial Production Declines 8% In August
Edited by Abhishek Vasudev (With inputs from PTI) | Monday October 12, 2020Industrial production declined by 8 per cent in August, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Monday. -
Consumer Inflation Soars To 7.34% In September, Worst Since January
Edited by Sandeep Singh | Monday October 12, 2020Consumer inflation in the country increased to 7.34 per cent in September from 6.69 per cent in the previous month as food prices continued to surge, government data showed on Monday. That marked the highest level of inflation recorded since January, and well above the upper end of the RBI's target range of 2-6 per cent. The latest reading of consumer inflation - or the rate of increase in retail prices of essential items - dashes hopes of further lowering of key lending rates by the Reserve Bank of India. -
Government Announces Cash-For-LTC, Festival Advance To Boost Consumer Demand
Pres Trust of India | Monday October 12, 2020Finance Minister Nirmala Sitharaman on Monday announced a payment of cash in lieu of LTC and Rs 10,000 festival advance to government employees to stimulate consumer demand during the festival season and boost the economy. -
Nirmala Sitharaman Announces Economic Stimulus To Boost Demand By Rs 73,000 Crore
Reuters | Monday October 12, 2020, New DelhiFinance Minister Nirmala Sitharaman said the government will allow its employees to spend tax-exempt travel allowances on goods and services. -
Sensex, Nifty Lose Steam, End On A Flat Note After Seven-Day Winning Run
Edited by Abhishek Vasudev | Monday October 12, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's 2 per cent decline. -
Government's Gold Bond Scheme Open For Subscription. All You Need To Know
Edited by Sandeep Singh | Monday October 12, 2020The Sovereign Gold Bond scheme opened for subscription under its seventh tranche of the year on Monday. Bonds under the SGB programme - in which the RBI issues bonds linked to the market price of the yellow metal on behalf of government - are available at Rs 5,051 per unit, which is equivalent to the market value of one gram of gold. After the current tranche, the Sovereign Gold Bond scheme will open for subscription five more times till March 2020. Launched in 2015 along with the Gold Monetisation Scheme, the Sovereign Gold Bond scheme provides gold-linked returns and an additional return of 2.5 per cent per annum. The SGB scheme is an effective way to invest in non-physical gold, say wealth planners. -
Government To Give Rs 12,000 Crore Interest-Free 50-Year Loan To States
Edited by Abhishek Vasudev (With inputs from PTI) | Monday October 12, 2020The loan will have to be spent entirely on new or ongoing capital projects, she said adding that states can settle bills of contractors and suppliers but all the amount has to be paid before March 31, 2021.
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