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Future Claims Communication With Reliance On Arbitration Order For Legitimate Purpose
Reuters | Wednesday November 11, 2020Amazon argues it had a 2019 agreement with Future which prevented the Indian group's retail assets from being sold to certain parties including Reliance Industries -
Amazon Accuses Future Of Insider Trading As It Seeks To Block Reliance Deal: Report
Reuters | Wednesday November 11, 2020The spat is being closely watched as a key test of whether Indian firms, courts and regulators will respect arbitration decisions made in accordance with overseas arbitration rules. -
Gold Prices Likely To Surge By This Much In Long Term
Edited by Nikita Prasad | Wednesday November 11, 2020Domestic spot gold closed atRs 50,708 per 10 grams on Wednesday, and silver atRs 62,440 per kilogram - both rates excluding GST -
"Revenue Shock" Forces States To Cut Capital Spending By Up To Rs 2.7 Lakh Crore: ICRA
Reuters | Wednesday November 11, 2020Though central government collects the bulk of the taxes, it is the states which do most of the expenditure, including on education, healthcare, law and order. -
Government To Spend Rs 2 Lakh Crore Over 5 Years To Boost Manufacturing
Reuters | Wednesday November 11, 2020The incentives will be given to manufacturers in 10 sectors including automobiles and auto parts, pharmaceuticals, textiles, and food products to attract investment -
Rupee Slips 18 Paise Against Dollar; Settles At 74.36
Edited by Nikita Prasad (With inputs from Agencies) | Wednesday November 11, 2020BSE Sensex settled 316.02 points or 0.73 per cent higher at 43,593.67 after reachingits all-time peak of 43,708.47 during the session. -
Another Round Of Stimulus Likely Before Diwali: Sources
Reported by Sunil Prabhu, Edited by Peter Noronha | Wednesday November 11, 2020The stimulus would focus on job manufacturing and a further extension of the cabinet's decision to give a push to growth with productivity-linked schemes. -
Sensex, Nifty Close At Record Highs, Rally For Eighth Session In A Row
Edited by Abhishek Vasudev | Wednesday November 11, 2020Mid- and small-cap shares underperformed their larger peers as Nifty Midcap 100 and Nifty Smallcap 100 indexes rose 0.4 and 0.7% each respectively. -
Cabinet Approves Production-Linked Incentive Scheme For 10 Sectors
Edited by Peter Noronha | Wednesday November 11, 2020Production-linked incentives will be offered for sectors such as white goods manufacturing, pharmaceutical, specialised steel, auto, telecom, textile, food products, solar photovoltic and cell battery. -
Gland Pharma IPO Oversubscribed On Final Day Of Subscription
Edited by Abhishek Vasudev | Wednesday November 11, 2020Gland Pharma's public offer will be the largest pharma IPO in the country, as per estimates. It will also be the Indian company, with Chinese parentage, to tap the primary marker for funding. -
State-Funded Infrastructure Capex To Remain Weak In Near Term: ICRA
Edited by Nikita Prasad | Wednesday November 11, 2020The actual spending on infrastructure could decline by up to 40 per cent with the COVID-19 pandemic impacting states' revenue. -
Sensex, Nifty Stage Recovery From Intraday Lows Led By Infosys, HDFC
Edited by Abhishek Vasudev | Wednesday November 11, 2020Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by Nifty Pharma index's 3.72 per cent gain. -
Share Market Updates: Sensex Falls Over 650 Points From Day's High As Markets Halt Rally
Wednesday November 11, 2020Domestic stock markets halted a record-breaking spree on Wednesday amid selling pressure in select financial shares, as investors weighed the prospect of a coronavirus vaccine and global recovery. The S&P BSE Sensex slumped to as low as 43,028.53 in afternoon deals, having soared to an all-time high of 43,708.47 earlier. The broader NSE Nifty 50 benchmark moved in a range of more than 150 points, receding to 12,581.00 after scaling a record high of 12,769.75. -
Auto, Pharma Stocks Surge; Shares Rise For 8th Day Hitting Record High
Reuters | Wednesday November 11, 2020The NSE Nifty 50 index rose 0.7 per centto 12,718.65 by 0514 GMT and the S&P BSE Sensex gained 0.672 per centto 43,545.6. -
Glenmark Pharma Gets Regulatory Nod For Tacrolimus Capsules; Stock Gains Nearly 2%
Edited by Peter Noronha | Wednesday November 11, 2020Glenmark Pharma received final approval from USFDA for Tacrolimus capsules, which are used as immunosuppressants to prevent human immune system from rejecting liver, kidney and heart transplants.
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