Saturday, July 11, 2020


Amazon, Flipkart ask Centre to allow sale of non-essential items

E-commerce giants, Flipkart and Amazon have requested the Central government to consider allowing the sale of “non-essential” items durin...

RBI announces Rs 50,000 crore liquidity facility for MFs

The Reserve Bank of India on Monday announced Rs 50,000-crore liquidity support for mutual funds.  Under the special liquidity facility scheme e...

Shadows of COVID-19 on gold markets ahead of Akshaya Tritiya

The retail gold jewellery industry has been affected by several factors such as weak consumer demand, amid slowing economic growth, rapid rise in gol...

Rs 1-lakh cr fund in the works to repay pending dues to MSMEs: Gadkari

New Delhi: The government will set up a Rs 1-lakh crore fund to repay outstanding payments to MSMEs owed by the central and state government undertak...

Sensex slumps 536 pts; financial stocks lead fall

Equity benchmark Sensex tumbled 536 points on Friday, led by a selloff in financial and IT stocks as global markets slumped on mounting economic pres...

Hyundai Q1 profit slumps by 44%

South Korea's Hyundai Motor Co said first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit dema...

Vodafone Idea reduces scope of double data offer to 9 circles

Vodafone Idea has further reduced the scope of its double data offer to nine telecom circles. Originally, the double data offer was launched across a...

Oil prices remain under pressure after record plunge

Oil prices came under renewed pressure on Wednesday following a historic two-day price plunge, as markets struggle with an enormous glut amid the cor...

Facebook buys 9.9% stake in Reliance Jio for Rs 43,574 cr

Facebook has bought a 9.9% stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL) in a deal that...

US oil rebounds, back in positive territory

  US oil prices rebounded back above zero on Tuesday, a day after futures ended in negative territory for the first time as a coronavirus-trigger...

Sensex tanks over 1,000 in early trade; Nifty tests 9,000 level

Equity benchmark Sensex plunged over 1,000 points in opening trade on Tuesday tracking heavy losses in banking, energy and IT stocks amid volatility ...

Infosys Q4 net profit up 6.3% at Rs 4,335 cr

IT major Infosys reported a 6.3 per cent year-on-year (YoY) rise in consolidated profit for the March quarter at Rs 4,321 crore compared with Rs 4,07...

Vijay Mallya loses appeal against extradition in U.K High Court

The High Court of England and Wales dismissed controversial businessman Vijay Mallya’s appeal against his extradition to India, marking another...

Lockdown to have huge impact on heavy appliances sector: Godrej

The heavy appliances sector will take a massive beating due to the coronavirus-induced lockdown and the muted sales preceding it, a top official of G...

HDFC Bank Q4 net rises 15.4% to Rs 7,280 cr

Private sector lender HDFC Bank on reported a 15.4 per cent rise in consolidated net profit at Rs 7,280.22 crore for the fourth quarter of 2019-20. ...

RBI bans banks, cooperatives from paying dividends

The Reserve Bank debarred all commercial and cooperative banks from paying dividends to shareholders and promoter groups as the regulator fears the C...

RBI cuts reverse repo by 25 bps to 3.75%

The Reserve Bank of India Governor Shaktikanta Das said the central bank will ensure adequate liquidity in the system to ease the financial stress ca...

Wholesale price inflation cools to 1% in March

The inflation based on wholesale price index (WPI) eased to 1 per cent in March from 2.26 per cent in February on sharp fall in food prices in the co...

Gadkari plans to set 60km/day target for highway construction

Union minister Nitin Gadkari said he plans to set an ambitious target of 60 km per day highway construction to ensure speedy recovery of the economy ...

Coronavirus could see U.K GDP fall 13% in 2020

Britain's economy could shrink by 13 per cent in 2020 in the case of a three-month coronavirus lockdown, according to a scenario published by fiscal ...

SBI cuts MCLR by 5-10 bps for shorter tenors

Canara Bank shares tank nearly 7%

Cooperative banks to be brought under RBI supervision

SBI cuts fixed deposit interest rates by 40 bps

HDFC Q4 net falls to Rs 2,233 cr

Small savings scheme, PPF rates remain unchanged

Gross tax collection falls 31% so far in June quarter

WPI inflation falls 3.21% in May

U.K economy shrinks 20.4% during April lockdown

German exports down nearly a quarter in April