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Saturday, August 24, 2019

economy

Sensex sinks 587 pts; Yes Bank nosedives 14%

Benchmark equity index Sensex plummeted 587 points on Thursday, pressured by heavy selling in banking and energy stocks amid weak global cues. Invest...

Sensex tumbles 268 pts; Tata Motors tanks 9%

Benchmark equity index Sensex slumped 268 points on Wednesday, dragged by losses in ITC, HDFC, L&T and ICICI Bank as investors remained wary of a...

Sensex ends 74 pts lower

Snapping its three-session rising streak, equity benchmark Sensex closed 74 points lower on Tuesday, dragged by losses mainly in financial counters a...

China lost 20 lakhs jobs in short period of time: Trump

U.S President Donald Trump has claimed that China has lost more than 20 lakhs jobs in a very short period of time, due to his tough policies, includi...

U.S economists expect recession in 2020 or 2021: Survey

A majority of economists expect a U.S recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a su...

Credit demand subdued, economy needs stimulus: SBI chief

State Bank of India (SBI) Chairman Rajnish Kumar said credit demand remains subdued and there is a need for stimulus in the economy.Though lack of cr...

FinMin asks PSBs to seek ideas for achieving USD 5-trillion economy

The Finance ministry has asked public sector banks (PSBs) to initiate a month-long consultation process with officers starting from branch level to s...

Hong Kong cuts taxes to shore up economy amid protests

Hong Kong's government announced tax cuts and higher social spending  on Thursday to reverse a deepening economic slump aggravated by anti-gover...

Nifty reclaims 11,000 level

BSE benchmark Sensex rallied 353 points on Wednesday, driven by gains in index heavyweights ICICI Bank, RIL, HDFC and Infosys amid positive Asian cue...

China's industrial output hits 17-yr low

China's economy showed further signs of strain in July with output at its factories falling to its lowest level in 17 years, while investment and ret...

Retail inflation eases marginally to 3.15% in July

Retail inflation eased marginally in July to 3.15 per cent over the previous month despite costlier food items, said a government data released on Tu...

Japanese economy grew better than expected Apr-Jun

Japanese government data is showing Japan's economy grew at a better-than-expected 1.8% seasonally adjusted annualized rate during the April-June qua...

China's exports unexpectedly rise in July

China's exports beat expectations to rise in July while its purchases continued to shrink, official data showed on Thursday, despite simmering U.S tr...

RBI Governor says 35 bps rate cut balanced, based on data

Governor Shaktikanta Das termed the steeper 0.35 percent repo rate cut as a "balanced" call given the domestic and global developments.He explained t...

China further weakens yuan rate as currency row simmers

China's currency weakened further against the dollar as the central bank lowered the yuan's daily reference rate again amid a deepening currency row ...

Trump wants trade pact with China but must be 'right deal': WH advisor

President Donald Trump wants a trade agreement with China but it must be 'the right deal', White House economic advisor Larry Kudlow said on Tuesday....

Sensex rebounds 277 points

The BSE Sensex on Tuesday rebounded by over 277 points led by gains mainly in bank and auto stocks as participants hoped that the RBI will further sl...

Gold slips from all-time high level

After hitting an all-time high on Monday, gold prices slumped Rs 163 to Rs 36,807 per 10 gram in the national capital on Tuesday due to subdued deman...

Rupee suffers biggest slump in 6 yrs

The rupee on Monday crashed by 113 paise -- the biggest single-day drop in past six years -- to close at a five-month low of 70.73 due to heavy capit...

U.S labels China a 'currency manipulator'

The U.S has officially labeled China a 'currency manipulator', accusing it of using yuan to gain "unfair competitive advantage" in trade, a move that...

Forex reserves fall by USD 727 mn to USD 429.6 bn

The country's forex reserves decreased by USD 727 million to USD 429.649 billion for the week ended July 26, led by a decline in foreign currency ass...

D.K Mohanty assumes charge as RINL's director (commercial)

State-owned RINL on Thursday said Deb Kalyan Mohanty has assumed charge as its director (commercial). Prior to this, Mohanty worked as an executive d...

Sensex rebounds 100 points

Equity benchmark BSE Sensex overcame a weak start to end nearly 100 points higher on Friday, led by auto, IT and finance stocks even as global market...

'Lite' e-filing facility launched for taxpayers

A 'lite' e-filing facility was launched by the Income Tax department on Thursday to facilitate easy and quick filing of returns by taxpayers. The fac...

Growth of 8 core sectors slows to 0.2% in June

Growth of eight core industries dropped to 0.2 per cent in June, mainly due to contraction in oil-related sectors as well as cement production, accor...

Fiscal deficit touches Rs 4.32 lakh cr in Q1

The government's fiscal deficit touched Rs 4.32 lakh crore for the June quarter, which is 61.4 per cent of the budget estimate for 2019-20 fiscal. In...

Sensex ends 196 pts lower on weak global cues

Equity benchmark Sensex fell by 197 points on Monday, tracking weak global cues and unabated foreign fund outflows. Similarly, the NSE gauge Nifty sl...

FPI outflow crosses Rs 3,700 cr in July

Reversing their five-month buying trend, overseas investors have pressed the exit button in July and pulled out a net Rs 3,758 crore from the Indian ...

Japan likely to tighten S Korean export curbs

Japanese officials said they are pursuing procedures to downgrade South Korea's preferred nation status as Tokyo expands export controls over sensiti...