PM Modi To Speak To India Inc On ''Getting Growth Back'' On Tuesday

PM Modi will deliver the inaugural address at the annual Session of the Confederation of Indian Industry (CII) to mark its 125th anniversary

from NDTV Profit - Latest https://ift.tt/2ZVQEMi

Piyush Goyal Meets Pharma Industry Bosses, Announces Divestment In Sector

The minister said that India has been recognised as the Pharmacy of the World during the COVID-19 crisis

from NDTV Profit - Latest https://ift.tt/3gyqPYJ

Madhu Kapur Group Gives Up Promoter Shareholding In Yes Bank

According to latest BSE data, Ms Madhu Kapur held 1.12 percent stake in Yes Bank while Mags Finvest Private Limited held 0.30 percent.

from NDTV Profit - Latest https://ift.tt/2Xhbcgq

Gold Price Today: Gold Futures Rise To Touch Rs 46,850 Per 10 Grams Mark

The gold futures contract (delivery on June 5) finished the day at Rs 46,530 per 10 grams, up 0.27 per cent or Rs 125 per 10 grams compared to its previous close.

from NDTV Profit - Latest https://ift.tt/3gCLqej

Gold Price Rises 1% On Uncertainty Over Donald Trump's Response To China

Global efforts to restart economies could boost silver demand, making prices of the metal, which slipped to an all-time low relative to gold during the crisis, likely to rebound strongly.

from NDTV Profit - Latest https://ift.tt/2BhVcT1

Rupee Closes Higher At 75.61 Against Dollar Ahead Of GDP Data

Rupee Vs Dollar (INR Vs USD) Today: The rupee registered a weekly gain of 0.45 per cent (34 paise) against the US dollar.

from NDTV Profit - Latest https://ift.tt/2zJoDNl

Top Asian Gold Hubs Struggle Amid Low Demand From Consumers

In Hong Kong, which has been reeling from protests over a national security legislation being introduced by China, premiums were unchanged at $0.50-$1.75 per ounce.

from NDTV Profit - Latest https://ift.tt/36N4AtE

Middle East Wealthy Most Cautious After Oil Slump, COVID-19: Barclays

Global stocks have regained some of the ground lost after a rout in March sparked by fears about the economic cost of the pandemic.

from NDTV Profit - Latest https://ift.tt/2Xka63T

Yes Bank Acquires 24% Stake In Dish TV Through Pledged Shares

Dish TV India has a bandwidth capacity of 1,422 MHz with an ability to deliver more than 655 channels and services.

from NDTV Profit - Latest https://ift.tt/3dccfE2

Sun Pharma To Test Pancreatitis Drug In COVID-19 Patients

The company joins other drugmakers Glenmark and Strides Pharma Science that are conducting trials in India for potential drugs for COVID-19.

from NDTV Profit - Latest https://ift.tt/3cdIy4h

India's Fiscal Deficit Widens To 4.59% Of GDP

India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.

from NDTV Profit - Latest https://ift.tt/2TQQUs4

Q4 GDP Higher Than Expected But Likely To Be Revised Downward: Experts

While most of the experts maintained that the GDP numbers have come at a higher level than what was expected, they expect it to be revised

from NDTV Profit - Latest https://ift.tt/2TStUca

GST Council Meet Next Month, Hike In Rates Of Non-Essential Item Unlikely

Finance ministry sources said raising GST rates will further hit demand and impede growth

from NDTV Profit - Latest https://ift.tt/3deJUwX

GDP Growth At 3.1% In January-March

Many economists have already lowered their projections for the current financial year, with some even warning about the possibility of a recession due to the COVID-19 disease-induced lockdown.

from NDTV Profit - Latest https://ift.tt/2BenU7j

Core Sector Output Contracts By Record 38.1% In April

In March, core sector output had contracted by 9 percent

from NDTV Profit - Latest https://ift.tt/2TQzsUA

Labour Ministry To Collect Data On Job Losses Due To COVID-19: Report

The labour ministry will collect data on job losses and salary cuts, as asked by the finance ministry

from NDTV Profit - Latest https://ift.tt/3cfZGGo

23 More Forest Produce Items Included In Scheme Offering MSP

The 23 new items include van tulsi seeds, van jeera, tamarind seed, bamboo brooms, and seed lac

from NDTV Profit - Latest https://ift.tt/2M6VkqH

Sensex, Nifty Close Higher For Third Straight Day

Analysts awaited the GDP data due at 5:30 pm for more clarity on the damage caused by the coronavirus (COVID-19) pandemic.

from NDTV Profit - Latest https://ift.tt/36Rugp3

Vodafone Idea Denies Reports Of Possible Stake Purchase By Google

"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said in a regulatory filing.

from NDTV Profit - Latest https://ift.tt/3gt4jjX

Billionaire Premji Hires Wipro CEO From His Rival

Wipro named Thierry Delaporte chief executive officer, recruiting its new leader from rival Capgemini SE as it tries to regain momentum in the tech services industry.

from NDTV Profit - Latest https://ift.tt/2Ag2LJx

Economy Needs Support From PSBs, Says Union Bank Chief

Union Bank chief said that there will be a shift of credit growth in favour of the PSBs

from NDTV Profit - Latest https://ift.tt/3ccf4nh

Foreign Stakes in Top India Firms at 5-Year Low on Risk-Off Mood

Holdings of global funds in the Nifty-500 Index fell 140 basis points during the three-month period to an average 21 per cent, analysts wrote in a note.

from NDTV Profit - Latest https://ift.tt/2M5Pjue

Migrants To Get Cash In Hand, Government Has Not Ruled Out Poor: Sources

Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.

from NDTV Profit - Latest https://ift.tt/3cdl3rV

India's Services Industries Perform "Astonishingly Low" In April: Report

From call centers to hotels to airlines, India's key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.

from NDTV Profit - Latest https://ift.tt/3dgURxS

Google Considers 5% Stake In Struggling Vodafone Idea: Report

Vodafone Idea is struggling following a $4 billion demand for back fees in addition to more than $14 billion of debt

from NDTV Profit - Latest https://ift.tt/2yJ7C5x

Economy Seen Slowing Rapidly In March Quarter, With Worse To Come

Median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.

from NDTV Profit - Latest https://ift.tt/2AgFuac

COVID-19 Impact To Remain For Some Time: Oyo Founder Ritesh Agarwal

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

from NDTV Profit - Latest https://ift.tt/2TJUrZl

Sensex, Nifty Turn Flat Amid Volatile Trade Ahead Of GDP Data

Analysts awaited the GDP data due at 5:30 pm for more clarity on the damage caused by the coronavirus (COVID-19) pandemic.

from NDTV Profit - Latest https://ift.tt/3dbWSvi

Wipro Shares Gain Over 2% On Appointment Of New CEO And MD

Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.

from NDTV Profit - Latest https://ift.tt/3dbx9mU

Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director

Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.

from NDTV Profit - Latest https://ift.tt/3cdEIbt

Sensex Falls Over 350 Points Ahead Of GDP Data: 10 Things To Know

Domestic stock markets started Friday's session on a lacklustre note ahead of the release of official gross domestic product (GDP) data for the January-March period due later in the day. The S&P BSE...

from NDTV Profit - Latest https://ift.tt/3era67N

Sensex, Nifty Likely To Have A Weak Opening

The US markets ended in the red, Asian markets were in negative territory in early trading and trends on SGX Nifty indicate a gap-down opening.

from NDTV Profit - Latest https://ift.tt/2zEaLnq

Nirmala Sitharaman Reviewed Economy At Financial Regulators Meeting

Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council.

from NDTV Profit - Latest https://ift.tt/3cboz6e

Google Considering Taking Stake In Vodafone Idea: Report

Vodafone said it does not comment on market speculation, while Google did not immediately respond to a request for comment.

from NDTV Profit - Latest https://ift.tt/2TOvwUn

FDI In India Jumps 13% To Record $49.98 Billion In 2019-20

Sectors which attracted maximum foreign inflows during 2019-20 include services, computer software and hardware, and telecommunications, among others.

from NDTV Profit - Latest https://ift.tt/2yEgr0f

Nirmala Sitharaman Launches Aadhaar-Based Instant PAN Facility

The launch of the instant PAN facility is yet another step by the Income Tax Department towards Digital India.

from NDTV Profit - Latest https://ift.tt/2XAsjsQ

Monsoon Rains Expected To Arrive Kerala Around June 1

The IMD had earlier forecast the arrival of monsoon rains over Kerala on June 5, four days later than usual.

from NDTV Profit - Latest https://ift.tt/2M3en5d

Abu Dhabi State Fund In Talks To Invest $1 Billion In Jio: Report

Jio Platforms, which houses music and movie apps as well as Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month.

from NDTV Profit - Latest https://ift.tt/3c9henQ

Sensex, Nifty Close 2% Higher As Financial Stocks Extend Gains

Analysts awaited macroeconomic data for more clarity on the economic damage caused by the coronavirus pandemic.

from NDTV Profit - Latest https://ift.tt/2AgdnIl

Rupee Edges Lower To Close At 75.76 Against Dollar

After starting the four-hour session at the weakest level of the day at 75.90, the rupee briefly turned positive to touch 75.68 before giving in to losses in volatile trade.

from NDTV Profit - Latest https://ift.tt/2XChC91

Gold Futures Rise To Rs 46,600 Per 10 Grams Amid COVID-19 Crisis

At 1:37 pm, the gold futures contract (delivery on June 5) traded at Rs 46,590 per 10 grams - up 0.13 per cent or Rs 59 per 10 grams compared to its previous close.

from NDTV Profit - Latest https://ift.tt/3gvWvOk

Gold Off 2-Week Low Amid US-China Tensions

Worsening relations between the world's two biggest economies could further hobble global business activity, which is already under intense pressure due to the coronavirus crisis.

from NDTV Profit - Latest https://ift.tt/2ZLjX3Z

Sensex Reclaims 32,000, Surges Over 500 Points Led By Banks

Buying in HDFC Bank, HDFC, ICICI Bank, Axis Bank and Kotak Mahindra Bank contributed over 300 points towards gain in the Sensex.

from NDTV Profit - Latest https://ift.tt/2ZGwJkt

NTPC Looking At Buying Anil Ambani's Power Utilities In Delhi

Reliance Infrastructure owns a majority stake in BSES Yamuna (BYPL) and BSES Rajdhani (BRPL), which are joint ventures with the government of Delhi.

from NDTV Profit - Latest https://ift.tt/3guhL78

Maruti Suzuki Partners With HDFC Bank To Offer Car Finance Schemes

HDFC Bank would also be offering Maruti Suzuki customers the option of a post approval digital disbursement, in view of the current social distancing norms.

from NDTV Profit - Latest https://ift.tt/2TLkT4W

Sensex, Nifty Rise 1% As Financial Stocks Extend Gains: 10 Things To Know

Domestic stock markets rose more than 1 per cent on Thursday, extending gains a day after benchmark indices soared more than 3 per cent in their biggest single-day surge so far this month. The S&P BSE...

from NDTV Profit - Latest https://ift.tt/3d91Vwt

Centre May Need To Pump 1.5 Lakh Crores Into State-Run Banks: Report

The government may need to inject up to Rs 1.5 trillion ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic.

from NDTV Profit - Latest https://ift.tt/3ep6qDj

Sensex, Nifty Likely To Open Higher Today

On Wednesday, the Sensex had soared 995.92 points to end at 31,605.22, and the Nifty settled at 9,314.95, up 285.90 points from the previous close.

from NDTV Profit - Latest https://ift.tt/2X9SuqY

Gold Declines To 2-Week Low Amid Recovery Hopes

Optimism about the development of coronavirus vaccines and a revival of business activity has lifted risk sentiment in the financial markets.

from NDTV Profit - Latest https://ift.tt/2M5V238

Gold Futures Drop Below Rs 46,150/10 Grams Mark As Equities Soar

Gold Rate Today: The gold futures contract (delivery on June 5) finished at Rs 46,120 per 10 grams - down 0.44 per cent or by Rs 202 per 10 grams - for the day.

from NDTV Profit - Latest https://ift.tt/2X8cD0K

SBI Lowers Interest Rates On FDs From Today. Check Latest Rates Here

On fixed deposits up to Rs 2 crore, SBI pays a 50-basis-point (0.5 percentage point) higher return to senior citizens compared to other customers.

from NDTV Profit - Latest https://ift.tt/2XAMYgb

SBI Simplifies Loan EMI Deferment Process. Here Is How To Do It

State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers.

from NDTV Profit - Latest https://ift.tt/36yong6

Google Pay Faces Case In India Over Unfair Promotion Of App : Report

The complaint says Google more prominently showcases its payment app inside Android app store in India

from NDTV Profit - Latest https://ift.tt/36KC7Vn

Sensex Ends Nearly 1,000 Points Higher, Clocks Best Day Of May Led By Banks

Surge in HDFC Bank, ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank collectively contributed over 600 points towards gain in the Sensex.

from NDTV Profit - Latest https://ift.tt/2Xw7u1u

Birla Corporation Surges 43% In 2 Days As Profit Doubles In March Quarter

The company registered a net profit of Rs 195 crore, up 51.9 percent on a year-on-year basis

from NDTV Profit - Latest https://ift.tt/2ZHUGIi

Sensex Surges Over 800 Points Led By Gains In Banking Stocks

HDFC Bank, ICICI Bank, HDFC, Infosys, Kotak Mahindra Bank and Axis Bank were among the top movers in the Sensex.

from NDTV Profit - Latest https://ift.tt/3eojjxD

Sensex Up Over 250 Points; Financials, Information Technology Stocks Gain

Sensex today: At 11:53 am, the BSE Sensex was at 30,856.30, higher by 246.71 points or 0.8 per cent and the NSE Nifty was at 9,103.95, up 75.28 points or 0.8 per cent.

from NDTV Profit - Latest https://ift.tt/3ejY4Nt

Ola Buys Dutch Electric Scooter Company Etergo

Ola said it will begin electric vehicle production work this year and plans to launch its first electric scooter in 2021

from NDTV Profit - Latest https://ift.tt/3ef436a

Biocon Subsidiary Receives Nod To Use Cytosorb In Covid-19 Treatment

The licence will be effective until the COVID-19 outbreak is controlled in the country, the company said in a regulatory filing.

from NDTV Profit - Latest https://ift.tt/2M3KuBA

Rupee Slips 8 Paise To 75.74 Against US Dollar

The domestic currency opened flat against US dollar on Wednesday, after witnessing healthy recovery in previous session

from NDTV Profit - Latest https://ift.tt/2XwUU26

Sensex Flat In Early Trading, Nifty Hovers at 9,000

On Tuesday, the Sensex had ended 63.29 points - or 0.21 per cent - lower at 30,609.30, and the Nifty settled at 9,029.05, down 10.20 points - or 0.11 per cent - compared to its previous close.

from NDTV Profit - Latest https://ift.tt/2Aev5vv

Virus Lockdown Put India's Animal Spirits To Sleep In April, Signals Data

Asia's third-largest economy had a dismal start to the new fiscal year from April 1, after what's been an already disappointing beginning to the calendar year.

from NDTV Profit - Latest https://ift.tt/3gkRWX7

Reliance's $7 Billion Rights First To Test New Trading Platform In India

Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.

from NDTV Profit - Latest https://ift.tt/2zp2tQw

Sensex, Nifty Likely To Open Flat

At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.

from NDTV Profit - Latest https://ift.tt/2X4V7uv

Mukesh Ambani Prepping Overseas IPO For Jio: Report

The offering could happen in the next 12 to 24 months and the company hasn't decided on a listing venue.

from NDTV Profit - Latest https://ift.tt/3ex4t8f

Traders' Body Writes To PM, Suggests Measures To Counter Financial Stress

In the letter, the traders' body said that e-commerce players should not be allowed to sell products over Rs 5,000.

from NDTV Profit - Latest https://ift.tt/2XuAvL4

Gold Futures Fall Below Rs 46,650/10 Grams Mark Tracking Global Rates

Gold Price Today: At 4:56 pm, the gold futures contract (delivery on June 5) traded at Rs 46,742.00 per 10 grams - down 0.49 per cent or by Rs 231 per 10 grams compared to its previous close.

from NDTV Profit - Latest https://ift.tt/2B3ieNn

Gold Prices Edge Lower As Global Equities Rise On Economic Recovery Hopes

Gold is often used as a safe store of value during times of political and financial uncertainty.

from NDTV Profit - Latest https://ift.tt/2A5U5oS

Sensex Closes 63 Points Lower As Markets Extend Losses To Second Day

The Sensex ended 63.29 points - or 0.21 per cent - lower at 30,609.30 and the Nifty settled at 9,029.05, down 10.20 points (0.11 per cent) from its previous close.

from NDTV Profit - Latest https://ift.tt/2XpGnoQ

Rupee Gains By 29 Paise To End At 75.66 Against Dollar

On Friday, the rupee had settled at 75.95 against the US dollar.

from NDTV Profit - Latest https://ift.tt/3gmmtDO

Sensex, Nifty Off Day's High; Metals, Banks Trade Firm, IT Stocks Weak

Domestic stock markets are firmly in the green mid way through the day, albeit off the highs touched in early trades, as markets resumed trading after the long weekend.

from NDTV Profit - Latest https://ift.tt/2LXQkoj

Latam Airlines Files For Bankruptcy In United States

Latin America's largest airline LATAM filed for bankruptcy in the USA on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.

from NDTV Profit - Latest https://ift.tt/36BAyZB

Uber India Lays Off 600 Employees

The company said the impacted positions are in its driver and rider support operations as well as other functions.

from NDTV Profit - Latest https://ift.tt/2X2NioR

Bharti Airtel Sheds 5% As Promoters Look To Sell Stake

Bharti Airtel shares dived 5 per cent to Rs 561 on news that parent Bharti Telecom was looking at raising $1 billion by selling stake.

from NDTV Profit - Latest https://ift.tt/2ZySORX

HDFC Gains Over 3% Post March Quarter Results

HDFC on Monday reported a net profit of Rs 2,232.53 crore for the quarter ended March 31. That marked a decline of 21.98 per cent compared to the corresponding period a year ago.

from NDTV Profit - Latest https://ift.tt/3d4qevJ

Debt-Hit Bharti Airtel's Parent Eyes $1 Billion From Stake Sale

Bharti raised $3 billion in January from the sale of shares and convertible bonds to help pay additional airwave and license fees after telecom operators lost a court case.

from NDTV Profit - Latest https://ift.tt/2A8NDxv

India First Quarter GDP Growth Likely To Be Weakest Since 2012: Poll

Asia's third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely.

from NDTV Profit - Latest https://ift.tt/2X2aWSH

Sensex, Nifty Rise 1% As Financial, Consumer Goods Stocks Spike

At 8:04 am, the SGX Nifty futures were up 101.75 points - or 1.13 per cent - at 9,142.75.

from NDTV Profit - Latest https://ift.tt/2zlxeG0

Sensex, Nifty Likely To Open Higher Tracking Global Markets

The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - rose as much as 121.25 points to touch 9,162.25 ahead of the opening of...

from NDTV Profit - Latest https://ift.tt/3c39tj8

Lufthansa, German Government Agree On $9.8 Billion Rescue Package: Report

The carrier said last week it was in advanced talks on a deal that would involve the government taking two seats on its supervisory board.

from NDTV Profit - Latest https://ift.tt/3gn9XUr

India's April Crude Processing Sees Biggest Drop Since At Least 2003

The lockdown cut India's fuel demand by 45.8 percent in April.

from NDTV Profit - Latest https://ift.tt/36wWAwK

HDFC Profit Falls 22% To Rs 2,233 Crore In March Quarter

HDFC said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

from NDTV Profit - Latest https://ift.tt/2TDhkxp

Proof Against JPMorgan Chase In Case Against Amrapali, Supreme Court Told

Enforcement Directorate said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating Rs 1.87 billion.

from NDTV Profit - Latest https://ift.tt/2LWiShQ

Maruti Suzuki Resumes Production At Gujarat Plant

Maruti Suzuki, the country's largest vehicle maker, has restarted production at Gujarat plant as the country is the midst of 4th phase of lockdown.

from NDTV Profit - Latest https://ift.tt/3gjqrNA

ITC To Acquire Spice Maker Sunrise Foods

ITC said the agreement was finalised along with related processes during the lockdown, "reflecting the company's agility and resilience in dealing with the new normal".

from NDTV Profit - Latest https://ift.tt/2A7LBNQ

Stock, Forex, Commodity, Currency Markets Shut For Ramzan

The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).

from NDTV Profit - Latest https://ift.tt/36qJ8KC

Reliance Launches JioMart Online Grocery Service, Challenging Amazon, Flipkart

JioMart will deliver groceries in more than 200 towns across the country

from NDTV Profit - Latest https://ift.tt/2yxVKTQ

Finance Ministry Not Planning To Impose Calamity Cess On GST: Report

Finance Ministry sources said that a calamity cess might have a counter-productive effect on sales, which are already low

from NDTV Profit - Latest https://ift.tt/3ehB4yK

Franklin India Hit By Default On Essel Group Papers Worth Rs 616 Crore

The maturity value of the NCDs, including redemption premium, was Rs 616 crore but it is only valued at a market value of Rs 92 crore.

from NDTV Profit - Latest https://ift.tt/2TvM5Ej

COVID-19 Pushes Car Rental Company Hertz Into Bankruptcy In US, Canada

Its main international operating regions, including Europe, Australia and New Zealand, were not included in the US Chapter 11 filing.

from NDTV Profit - Latest https://ift.tt/3bYanNE

Nirmala Sitharaman Asks Public Sector Banks To Implement Economic Package

Since the Cabinet has already given approval to various schemes announced under the package, operational guidelines have been issued to banks.

from NDTV Profit - Latest https://ift.tt/3cRYNoJ

Realtors Want Banks To Pass On Benefit Of Rate Cut To Customers

ndustry's demand for one-time restructuring of developers'' loans should be met, said Ankush Kaul, President (Sales & Marketing) - Ambience Group.

from NDTV Profit - Latest https://ift.tt/2AT4Hb8

More Steps To Come To Deal With COVID-19 Crisis: Anurag Thakur

Since outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown, Anurag Thakur said.

from NDTV Profit - Latest https://ift.tt/2XpgHZk

Gold Futures Jump Over 1% To Touch Rs 47,100 Per 10 Grams Mark

Current Gold Rate: At 4:15 pm, the gold futures contract (delivery on June 5) traded at Rs 46,995 per 10 grams - down 1.31 per cent or Rs 607 per 10 grams compared to its previous close.

from NDTV Profit - Latest https://ift.tt/2XoJE81

More Relief For Borrowers As RBI Extends Moratorium On Loans Till August

EMIs will be extended with interest applicable on outstanding principal amount during the no payment period

from NDTV Profit - Latest https://ift.tt/2WS7lpV

Rupee Falls By 34 Paise To End At 75.95 Against US Dollar

During the trading session, it touched an intraday high of 75.71 and a low of 75.95.

from NDTV Profit - Latest https://ift.tt/2Xi6heg

RBI To Stay Accommodative As Long As Necessary: Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das said the MPC will remain "accommodative" till a revival is seen in the economic activity.

from NDTV Profit - Latest https://ift.tt/2ZyZEGS

Fundraising Spree For Reliance's Jio Platforms Values It At $65 Billion

Reliance Industries has raised $10 billion in just a month through five stake sales in digital unit Jio Platforms, whose valuation has surged to $65 billion.

from NDTV Profit - Latest https://ift.tt/36sCS55

Sensex Sheds Around 300 Points; Banking, Auto Stocks Trade Weak

The rate-sensitive auto and banking stocks were trading lower, post the rate cuts announced by the RBI Governor.

from NDTV Profit - Latest https://ift.tt/2ZsojwM

Mukesh Ambani Raises Over $10 billion Investment In Jio In A Month

Started in 2016, Reliance Jio is now India's largest wireless carrier.

from NDTV Profit - Latest https://ift.tt/2ypjZDv

In Virus Crisis, Drug And Consumer Stocks Soar In India

The stockpiling of medicine in a country of 1.3 billion people and the rising focus on affordable health care globally will boost the shares of the nations pharmaceutical companies.

from NDTV Profit - Latest https://ift.tt/3cUuuOh

RBI Cuts Rates To Lowest Since 2000 To Revive Shrinking GDP

High frequency data has showed that demand is virtually non-existent. The country's dominant services industries crashed last month, while car sales also collapsed.

from NDTV Profit - Latest https://ift.tt/3bRjiRe

GDP Growth To Be In Negative Territory In 2020-21: RBI Governor

The Reserve Bank of India (RBI) expects the country's GDP or gross domestic product to contract in the current financial year, Governor Shaktikanta Das said on Friday, as he announced a reduction in...

from NDTV Profit - Latest https://ift.tt/3bTeHxR

RBI Governor's Top 5 Announcements Today

Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate to 4 per cent from the existing 4.4 per cent

from NDTV Profit - Latest https://ift.tt/2ZtrqVo

RBI Reduces Repo Rate By 40 Basis Points To 4% From 4.4%

RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,

from NDTV Profit - Latest https://ift.tt/2AOYi0t

Aditya Birla Sun Life Mutual Fund Suspends Fresh Investments Into Two Debt Schemes

Aditya Birla Sun Life Mutual Fund has suspended fresh inflows into its two of its debt schemes i.e. Aditya Birla Sun Life Medium Term Plan (ABMTP) and Aditya Birla Sun Life Credit Risk Fund (ACRF)...

from NDTV Profit - Latest https://ift.tt/2XippZv

Sensex Falls Over 250 Points In Early Trade, Nifty Slips Below 9,050

On Thursday, the Sensex had ended 114 points or 0.37 per cent higher at 30,932.90 and Nifty 50 index had advanced 0.44 per cent or 40 points to close at 9,106.25.

from NDTV Profit - Latest https://ift.tt/3bWqOdo

RBI Governor Shaktikanta Das To Address Media At 10 AM

This is the RBI chief's first address to the media after the government detailed the fiscal and monetary stimulus worth Rs 20.97 lakh crore tosupport the economy.

from NDTV Profit - Latest https://ift.tt/3bO763y

US Private Equity Firm KKR To Buy Rs 11,367-Crore Stake In Jio Platforms

Reliance Industries said on Friday that KKR, a US-based private equity firm, will invest Rs 11,367 crore to buy a 2.3 per cent stake in Jio Platforms.

from NDTV Profit - Latest https://ift.tt/3bVihaA

Sensex, Nifty Likely To Open Lower

Asian markets traded lower on Friday morning as tensions between the US and China rose further. Shanghai composite was down 0.4 per cent while Nikkei 225 slipped 0.22 per cent.

from NDTV Profit - Latest https://ift.tt/2Zp6wqs

Swiggy, Zomato Begin Liquor Delivery Amid Coronavirus Lockdown

Both Swiggy and Zomato have started delivering liquor in Jharkhand's capital Ranchi and are looking to expand to other states

from NDTV Profit - Latest https://ift.tt/3bUXBzA

Gold Futures Decline Nearly 1%, Hold Rs 46,700 Per 10 Grams Mark

Gold Rate Today: MCX gold futures slid by as much as Rs 530 per 10 grams - or 1.12 per cent - to Rs 46,601 per 10 grams, compared to their previous close of Rs 47,131 per 10 grams.

from NDTV Profit - Latest https://ift.tt/2ZnQ6yD

Here Are The Guidelines For Boarding Railways' Special Passenger Trains

The 200 special passenger trains will resume services on 1 June

from NDTV Profit - Latest https://ift.tt/2WSr7Su

Sensex, Nifty Pare Gains To End Marginally Higher As Banks Fall

Strong buying interest in automobile, metal and consumer goods stocks pushed the markets higher.

from NDTV Profit - Latest https://ift.tt/36q6Dne

Aviation Ministry To Cap Air Fares As Flights Set To Resume From Monday

Aviation stocks also edged up higher in Thursday's trading

from NDTV Profit - Latest https://ift.tt/2Xjy7qa

Indian Railways To Start 200 Trains From June 1. Here Is List Of Trains

The government allowed resumption of train services from June 1 in a graded manner as part of relaxations being provided under the phase 4 of the lockdown to contain the spread of COVID-19 pandemic.

from NDTV Profit - Latest https://ift.tt/3e9tztB

Rupee Gains By 18 Paise To 75.61 Against Dollar

The rupee was last seen trading at 75.62 against the dollar in the second half of the session, stronger compared to its previous close of 75.79.

from NDTV Profit - Latest https://ift.tt/2WQi5oN

Multiplex Stocks Edge Up As Industry Body Drafts New Safety Guidelines

Multiplex stocks have been edging higher for three straight sessions

from NDTV Profit - Latest https://ift.tt/2LNc5XS

InterGlobe, Spicejet Soar As Domestic Flights To Resume Operations On May 25

The government, on Wednesday, announced that domestic airlines would resume operations on May 25 in a calibrated manner after a gap of more than two months.

from NDTV Profit - Latest https://ift.tt/2WTk5Nn

Strides Pharma To Conduct Trials For Potential COVID-19 Drug

Bengaluru-based Strides Pharma Science has received approval from the Drug Controller General of India to conduct trials of favipiravir in the country.

from NDTV Profit - Latest https://ift.tt/2LKwsVr

Sensex Rises Over 150 Points, Nifty Touches 9,100 Tracking Global Markets

Reliance Industries' rights issue, trading as Reliance Industries Limited-Rights Entitlement on the NSE, moved as much as 5.89 per cent lower in early deals.

from NDTV Profit - Latest https://ift.tt/3cRMske

Sensex, Nifty Likely To Open Lower Today

Last Friday, the S&P BSE Sensex index had ended 622.44 points - or 2.06 per cent - higher at 3 0,818.6 as the markets extended gains to a second straight day.

from NDTV Profit - Latest https://ift.tt/2XfaCie

Reliance Industries' Rights Issue Makes A Stellar Debut, Surges 40%

The share price for Reliance Industries-Rights Entitlement (RIL-RE) surged 39.6 per cent to settle at day's high of Rs 212 on National Stock Exchange.

from NDTV Profit - Latest https://ift.tt/3g9UcjO

PM Vaya Vandana Scheme For Senior Citizens Extended, Interest Rate Cut

The government allowed "initially an assured rate of return of 7.40 per cent per annum for the year 2020-21 per annum and thereafter to be reset every year", according to an official release.

from NDTV Profit - Latest https://ift.tt/2LLNMtc

RIL Rights Entitlement Price Surges 40% On Debut, Closes At Rs 212 On NSE

Reliance Industries' Rs 53,125 crore mega rights issue opened for subscription by shareholders on Wednesday

from NDTV Profit - Latest https://ift.tt/3g0um1w

RBI Needs To Aggressively Cut Rates Alongside Fiscal Stimulus: Economists

The government's Rs 20 lakh crore economic rescue package outlined last week rests largely on boosting company credit for MSMEs.

from NDTV Profit - Latest https://ift.tt/2zdfgVO

Sensex Ends Over 600 Points Higher Led By Gains In Banking, Pharms Shares

Strong buying interest in banking, financial services and pharmaceutical shares helped the markets extend gains to a second straight session.

from NDTV Profit - Latest https://ift.tt/3cZLAtS

Real Estate Sector To Face Losses Of Rs 76 Lakh Crore This Year: Report

Sale in the residential sector will come down from 4 lakh units in 2019-20 to 2.8 lakh to 3 lakh units in 2020-21 across top 7 cities, the report said

from NDTV Profit - Latest https://ift.tt/2TlMoSn

"Our Revenue Has Come Down 95% Over Past 2 Months": Ola CEO To Employees

Ride-hailing service provider Ola on Wednesday announced that it will lay off 1,400 of its staff amid COVID-19 pandemic.

from NDTV Profit - Latest https://ift.tt/2WMo12b

Ola To Lay Off 1,400 Staff, CEO Says Pandemic "Hit Revenues"

In a note to the company's employees, CEO Bhavish Aggarwal said the coronavirus pandemic hit Ola's revenues.

from NDTV Profit - Latest https://ift.tt/3cIT9oO

Gold Futures Climb To Rs 47,350 Per 10 Grams Mark

Today's Gold Rate: At 12:56 pm, the gold futures contract (delivery on June 5) was up 0.64 per cent (by Rs 299 per 10 grams) at Rs 47,349 per 10 grams.

from NDTV Profit - Latest https://ift.tt/3e6RhX5

Rupee Moves Marginally Lower Against Dollar Tracking Asian Currencies

Gains in domestic equity markets however provided some support to the rupee, keeping the downside in check, say analysts.

from NDTV Profit - Latest https://ift.tt/2z5QmHX

Rolls-Royce To Cut 9,000 Jobs As Air Travel Slumps Amid COVID-19 Pandemic

Rolls-Royce's headquarters are in Derby, England and about two-thirds of its civil aerospace jobs are based in the UK.

from NDTV Profit - Latest https://ift.tt/36lLxWX

Worst Seems Over for India's Formal Job Market, Staffing Firm Says

India's unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world's biggest lockdown, says the head of a top staffing firm.

from NDTV Profit - Latest https://ift.tt/2TnDOT1

Threat Of Rating Downgrade May Have Held Back Bigger Stimulus: Analysts

Many worked out that the actual fiscal cost amounts to just about 1 per cent of GDP, sending stocks and the rupee down in the immediate aftermath.

from NDTV Profit - Latest https://ift.tt/3e4ZFGy

Sensex, Nifty Open On A Mixed Note; Auto Stocks Decline

On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...

from NDTV Profit - Latest https://ift.tt/2Zkq7bm

Sensex, Nifty Set To Open Higher

On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...

from NDTV Profit - Latest https://ift.tt/2XejqER

Impetus To Realty Demand, But More Needs To Be Done: Property Consultants

The government's "Atma Nirbhar Bharat" package to battle the economic fallout from the coronavirus pandemic gave real estate developers few reasons to cheer.

from NDTV Profit - Latest https://ift.tt/3g6QA20

Criteria For Classifying ''Medium'' Enterprises To Be Revised Further

Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of MSMEs

from NDTV Profit - Latest https://ift.tt/2WLDM9J

JPMorgan Hands Out $30 Billion In Loans To Small Businesses

JPMorgan, the largest U.S bank, approved more than $45 billion in new credit for its clients impacted by the COVID-19 pandemic in March and April.

from NDTV Profit - Latest https://ift.tt/3bMF4pc

Franklin May Take Over 5 Years to Return Some Funds: 10 Things To Know

The US-based Franklin Templeton Mutual Fund, which shut six funds in India last month, told investors that some of its unit holders may have to wait over five years to fully recoup their money, news...

from NDTV Profit - Latest https://ift.tt/2zbv0ZA

Franklin India May Take Over Five Years to Return Some Funds

The development is the latest turn after the company shut six debt schemes last month in the country's biggest-ever fund freeze.

from NDTV Profit - Latest https://ift.tt/2LFkpst

Sensex, Nifty Close Higher

Bharti Airtel shares soared to a record high, after the company reported a boost in its average revenue per user.

from NDTV Profit - Latest https://ift.tt/3cLwk3N

Sensex, Nifty Snap 3-Day Losing Streak; Bharti Airtel Hits Record High

Bharti Airtel was top Nifty gainer, the stock surged over 10 per cent to hit record high of Rs 594.65 as customers upgraded their data and calling plans.

from NDTV Profit - Latest https://ift.tt/3cMGwJn

Sensex, Nifty Off Day's Highs; Banking Shares Under Pressure

Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index's 1.7 per cent gain.

from NDTV Profit - Latest https://ift.tt/3cW7cr2

Gold Futures Trim Gains After Touching Rs 46,900 Mark

Current Gold Rate: At 1:55 pm, the gold futures contract (delivery on June 5) was barely up at Rs 46,660 per 10 grams.

from NDTV Profit - Latest https://ift.tt/3g1WYr7

Sensex, Nifty Trim Gains; Autos Witness Buying, Bank Stocks Weak

The top percentage gainers on the Nifty were Bharti Airtel, ONGC, Adani Ports, Bharti Infratel and Grasim, trading between 3.57 per cent and 9 per cent higher.

from NDTV Profit - Latest https://ift.tt/3cLD1D9

WeWork India Lays Off 20% Of Workforce

In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.

from NDTV Profit - Latest https://ift.tt/3dZz2Tz

Rupee Gains By 30 Paise To Touch 75.61 Mark Against Dollar

Sharp gains in domestic equity markets and weakness in the dollar overseas supported the rupee, according to analysts.

from NDTV Profit - Latest https://ift.tt/2WGH9Pa

Government Implements Cut In PF Contribution To 10% For 3 Months

The move is aimed at increasing the employees' take-home salary for the months of June, July and August

from NDTV Profit - Latest https://ift.tt/2Ti3O2c

Uber To Lay Off 3,000 Workers In Second Job Cut This Month

Uber Technologies Inc said on Monday that it would cut an additional 3,000 jobs as coronavirus-led restrictions sap demand for ride-hailing services.

from NDTV Profit - Latest https://ift.tt/2ZhsFaf

Bharti Airtel Shares Rise 10% To Record High - Here's Why

Bharti Airtel's average revenue per user, a key metric for the telecom sector, rose 25 per cent to Rs 154 at its mobile services business in the country during the quarter ended March 31.

from NDTV Profit - Latest https://ift.tt/3g2zTEV

Bharti Airtel Shares Spike Over 8% As March Quarter Revenue Jumps

At 9:53 am, Bharti Airtel shares traded 7.89 per cent higher at Rs 580.60 on the BSE, outperforming the benchmark S&P BSE Sensex index which was up 1.73 per cent.

from NDTV Profit - Latest https://ift.tt/3dVJWtu

Fuel Sales Up By Over 70% From April to May, Sign That Worst May Be Over

Trucks returned to the roads and motorists jumped in their cars to drive to work following the easing of some lockdown restrictions.

from NDTV Profit - Latest https://ift.tt/2X7P6vQ

Sensex Opens Over 400 Points Higher Tracking Global Markets

At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.

from NDTV Profit - Latest https://ift.tt/36aBbJv

Sensex, Nifty Likely To Open Higher Today

At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.

from NDTV Profit - Latest https://ift.tt/3bGULhp

Bharti Airtel Reports Fourth-Quarter Loss Of Rs 52.37 Billion

The company, India's third-largest telecom operator by subscribers, posted a loss of Rs 52.37 billion for the three months ended March 31, compared with a profit of Rs 1.07 billion a year earlier.

from NDTV Profit - Latest https://ift.tt/2Th6rRV

India's Fuel Demand Recovery Gathers Pace As Lockdown Eases: Report

Indian refiners, which had cut crude processing because of a fall in fuel demand, are now gradually raising output

from NDTV Profit - Latest https://ift.tt/2Thxlci

Goldman Sees Worst India Recession With 45% Second Quarter Slump

Gross domestic product will contract by an annualized 45% in the second quarter from the prior three months.

from NDTV Profit - Latest https://ift.tt/369OrxP

Sensex Drops Over 1,050 Points As Relief Package Fails To Enthuse Investors

Nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Private Bank index's 7 per cent fall.

from NDTV Profit - Latest https://ift.tt/2WIehWJ

Why Rs 21 Lakh Crore Package May Not Give Immediate Boost

Many observers are wondering how many of these steps are actually new or had been in the pipeline already.

from NDTV Profit - Latest https://ift.tt/2LGD2vW

Diageo Exploring Options To Delist United Spirits: Report

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns about 56 per cent stake in United Spirits after slowly building it up over several years

from NDTV Profit - Latest https://ift.tt/2Xl5lWz

"Covid Hit Us With Huge Blow Of Uncertainty": Swiggy CEO To Employees

Food delivery company Swiggy said on Monday that it will lay off 1,100 employees over the next few days.

from NDTV Profit - Latest https://ift.tt/2Th8eGy

Swiggy To Lay Off 1,100 Employees Amid Coronavirus Crisis

The layoffs at Swiggy come as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.

from NDTV Profit - Latest https://ift.tt/3g2l1WX

SoftBank 2019-20 Operating Loss At Record $13 Billion As Tech Bets Hurt

The heavily indebted SoftBank has leveraged its bets to supply further funds to its investing juggernaut - a strategy that is coming under growing strain as valuations tumble.

from NDTV Profit - Latest https://ift.tt/2ZdFWAA

Coal India Falls 5% After Government Opens Up Dry Fuel Mining Sector

The Finance Minister Nirmala Sitharaman on Saturday announced commercialisation of coal and an end to the governmental monopoly in the coal sector.

from NDTV Profit - Latest https://ift.tt/36a3iIT

Maruti Suzuki Resumes Production At Gurgaon Plant; Stock Falls 4%

The country entered the 4th phase of the lockdown, albeit with less restrictions, to curb the spread of Covid-19.

from NDTV Profit - Latest https://ift.tt/2ZcQvnt

Sensex, Nifty Plunge Over 2%

Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...

from NDTV Profit - Latest https://ift.tt/2zOw45o

Alibaba Co-Founder Jack Ma Resigns From SoftBank Board

The departure of Jack Ma comes as he pulls back from formal business roles to focus on philanthropy.

from NDTV Profit - Latest https://ift.tt/3g1z7rw

Virus Lockdown Mints More Than A Million New Stock Traders In India

Finance Minister Nirmala Sitharaman offered $72 billion in credit lines to small businesses and power distributors on Wednesday, as part of a package totaling $265 billion to restart the economy...

from NDTV Profit - Latest https://ift.tt/2XaBShE

Reliance Industries Gains Over 1% On General Atlantic-Jio Platforms Deal

The deal, announced on Sunday evening, marks Jio Platforms' fourth major deal with a US-based technology investor within a month

from NDTV Profit - Latest https://ift.tt/2zQXasA

Sensex Falls Over 200 Points, Nifty Slips Below 9,100 Amid Choppy Trade

Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...

from NDTV Profit - Latest https://ift.tt/3cH7Lox

"Delighted," Says Mukesh Ambani's Son Akash On General Atlantic Deal

Billionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early investor in Airbnb Inc. and Uber Technologies Inc.

from NDTV Profit - Latest https://ift.tt/3dTrWju

Sensex, Nifty Likely To Open Lower Today

Last Friday, the S&P BSE Sensex index had ended 25.16 points - or 0.08 per cent - lower at 31,097.73 and the broader NSE Nifty 50 benchmark at 9,136.85.

from NDTV Profit - Latest https://ift.tt/2ybKqMZ

Reliance Industries In Rs 6,598-Crore General Atlantic Deal

Mukesh Ambani launched the Jio telecoms venture in late 2016, driving several rivals out of the market and pushing others to consolidate.

from NDTV Profit - Latest https://ift.tt/2AF4k3X

Government To Privatise State-Run Firms, Suspend New Insolvencies

The government has been trying to divest parts of state-run companies in sectors ranging from aviation to power to fill its coffers, but it has confronted weak investor sentiment and limited demand.

from NDTV Profit - Latest https://ift.tt/2LBDV9b

US-Based Global Atlantic To Invest Rs 6,598 Crore In Reliance Jio

This is the fourth investment, in less than a month, that Jio Platforms has attracted

from NDTV Profit - Latest https://ift.tt/2Z9o6i4

All Sectors To Be Open To Private Players, Announces Nirmala Sitharaman

A list of strategic sectors will be drafted, where a maximum of only four public sector enterprises will remain

from NDTV Profit - Latest https://ift.tt/2WDiESZ

Insolvency Proceedings To Be Suspended Up To A Year

Minimum threshold for initiating IBC proceedings against MSMEs has also been extended

from NDTV Profit - Latest https://ift.tt/3cE2oXf

COVID-19 Economic Package Worth Rs 20,97,053 Crore. See Breakup Here

Finance Minister Nirmala Sitharaman detailed the breakup of the Rs 20.97 lakh crore economic package

from NDTV Profit - Latest https://ift.tt/2Zn6Nub

Government Allocates Additional Rs 40,000 Crore Under MNREGA

The allocation is made over and above the budgetary estimate of Rs 61,000 crore for the current financial year

from NDTV Profit - Latest https://ift.tt/2X2CG8l

Nirmala Sitharaman Announces Fifth Set Of Economic Measures: Highlights

"Atma Nirbhar Bharat" Economic Package: Finance Minister Nirmala Sitharaman announces fifth tranche of measures

from NDTV Profit - Latest https://ift.tt/3cE37If

Nirmala Sitharaman's 4th Set Of "Atma Nirbhar Bharat" Measures: 10 Points

Finance Minister Nirmala Sitharaman on Saturday announced structural reforms for eight sectors, including introduction of commercial mining in coal and easier foreign investment norms for defence...

from NDTV Profit - Latest https://ift.tt/2Z6kNIt

Coal Can Be Mined On A Commercial Basis, Says Finance Minister

A total of 500 mining blocks will be offered through an open and transparent auction process, with nearly 50 blocks to be offered immediately.

from NDTV Profit - Latest https://ift.tt/2WzTVyI

Nirmala Sitharaman Addresses Media On Measures To Battle COVID-19

Finance Minister Nirmala Sitharaman on Friday announced a Rs 1 lakh-crore fund for strengthening farm gate infrastructure to support farmers.

from NDTV Profit - Latest https://ift.tt/2TrgXWT

Industry Body Seeks Package For Exporters Amid Falling Trade

The country's exports contracted by a record 60.28 per cent to $10.36 billion in April amid the coronavirus-triggered lockdown, according to official data.

from NDTV Profit - Latest https://ift.tt/3bBIomQ

Latest On The Spread Of The Coronavirus Around The World

The euro zone economy saw its deepest contraction on record in the first quarter, as expected by markets, as a result of lockdowns introduced in March.

from NDTV Profit - Latest https://ift.tt/2wzQNsL

Banks Adopting Different Procedures To Release Pensions, Says Government

There are 65.26 lakh central government pensioners.

from NDTV Profit - Latest https://ift.tt/3bDP2sG

Exports Plunge 60 In April Amid Coronavirus Pandemic

The trade deficit narrowed to $6.76 billion. Trade deficit in April 2019 stood at $15.33 billion.

from NDTV Profit - Latest https://ift.tt/3fQmekf

Merchandise, Services Imports Fall 47% In April; Exports Down 37%

Trade weakened as the country remained in an extended weeks-long lockdown to curb the spread of the coronavirus pandemic.

from NDTV Profit - Latest https://ift.tt/2LybSHP

Rupee Ends Flat At 75.58 Against US Dollar

Forex traders said the local currency was trading in a narrow range amid rising risk-aversion in the broader financial markets.

from NDTV Profit - Latest https://ift.tt/3dHD8Q2

COVID-19 Pandemic Threatens To Derail Retail Boom For Lenders

A near two-month nationwide lockdown to halt the spread of COVID-19 has clobbered the country's retail financial segment. The provisions for the bad loans are set to significantly shrink profits of...

from NDTV Profit - Latest https://ift.tt/36dp2Uh

Government Projects Fourth Consecutive Year Of Record Food Grain Output

Total food grains production includes crops grown during both kharif (summer) and rabi (winter) seasons.

from NDTV Profit - Latest https://ift.tt/3610VrC

Nirmala Sitharaman Announces Rs 1 lakh Crore Boost For Agriculture Infra

Focus on short-term crop loan will go hand-in-hand with building of long-term agriculture infrastructure, the Finance Minister said.

from NDTV Profit - Latest https://ift.tt/3cBTEkt

Goldman Pushes Ahead With 1,460 India Hires, Internships

US and European banks have postponed decisions about staff cuts for now, saying they are unsure how long coronavirus outbreak will hurt the economy.

from NDTV Profit - Latest https://ift.tt/2WYuNkj

Nirmala Sitharaman On Third Set Of Measures To Battle COVID-19

Economists say more clarity on the funding of any new measures announced by the government will be watched closely.

from NDTV Profit - Latest https://ift.tt/2XcRvWb

Sensex Recovers Nearly 400 Points From Day's Low Led By Gains In Metals

Vedanta was top gainer in the Nifty 50 basket of shares, the stock rose 6 per cent to Rs 95.

from NDTV Profit - Latest https://ift.tt/3dZAB47

Zomato Announces Temporary Pay Cuts For Employees

He said that starting June, a proposal was made for pay cuts applicable to the entire organisation.

from NDTV Profit - Latest https://ift.tt/2WzfcsA

Are Shadow Banks Eligible For Loan Moratorium? Top Court Asks Centre, RBI

Real estate developers' apex body CREDAI, in an April plea, had argued that the RBI's circular on the moratorium is an "eyewash."

from NDTV Profit - Latest https://ift.tt/2WWtEK5

Banks Refusing To Lend In India Prompt $62 Billion Rescue Deal

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the lockdown.

from NDTV Profit - Latest https://ift.tt/2T72f77

Fertiliser Stocks Witness Selling Pressure In A Weak Market

Finance Minister Nirmala Sitharaman, on Thursday evening, had announced additional liquidity worth Rs 30,000 crore to farm sectorlender, NABARD.

from NDTV Profit - Latest https://ift.tt/3fPTWpP

Additional Rs 30,000 Crore Allocation For NABARD Amid Coronavirus Crisis

Government-owned farm sector lender NABARD will immediately get the working capital for the farmers' needs towards the current kharif crop (May/June) and the post-harvest rabi season.

from NDTV Profit - Latest https://ift.tt/2WWhaSO

Sensex Falls Over 200 Points As Banking, Auto Stocks Drag Markets

Analysts say more details of the economic package will be watched closely for cues.

from NDTV Profit - Latest https://ift.tt/2WzOYWN

Sensex Nifty Likely To Open Higher Tracking Global Markets

Trends on SGX Nifty indicate a positive opening for the index in India with a 54 points gain.

from NDTV Profit - Latest https://ift.tt/2Z7KB6W

Rs 10,000 Loan To Be Provided To Street Vendors Under Atma Nirbhar Bharat

50 lakh street vendors will be able to avail Rs 10,000 loan from Rs 5,000 crore special credit facility once the lockdown is lifted, Ms Sitharaman said.

from NDTV Profit - Latest https://ift.tt/2zA7qWb

Government Extends Free Foodgrain Plan, Launches "One Nation, One Ration"

Under "One Nation, One Ration", a ration card holder will be able to draw the allocated ration from anywhere in the country

from NDTV Profit - Latest https://ift.tt/3dLrqUI

Nirmala Sitharaman Addresses Media On Measures To Battle COVID-19

The government has already raised its borrowing plan for the current financial year to Rs 12 lakh crore from the previously budgeted Rs 7.8 lakh crore.

from NDTV Profit - Latest https://ift.tt/3fQ04OQ

No Announcement On Paying Salaries Of 12 Crore Workers: Industry Body

The finance minister, on Wednesday, had spelt out plans to provide liquidity support to the small and medium enterprises to the extent of Rs 4.5 lakh crore.

from NDTV Profit - Latest https://ift.tt/2yUVi23

Sensex, Nifty Close Over 2% Lower

The indices pared some of their intraday losses by the end of the session.

from NDTV Profit - Latest https://ift.tt/3cx6C34

New Tax Rules - Who They Help And How: Big Points Made By Experts

The first tranche was focused on small businesses while little relief was provided to the salaried taxpayer, say tax experts.

from NDTV Profit - Latest https://ift.tt/2WTBmEJ

China Unicorn Creation Falls To Six-Year Low As Investors Play It Safe

Only 4 Chinese startups have reached unicorn status - valued at $1 billion or above - as of May 13, the lowest number for the same period since 2014.

from NDTV Profit - Latest https://ift.tt/2WwaJXB

Wholesale Food Inflation Eases To 3.60% In April

Price changes in all commodities forming the WPI could not be computed "due to non-availability of manufactured product group index", the government said.

from NDTV Profit - Latest https://ift.tt/3dMAngC

Government Enterprises Stocks Under Pressure

Finance Minister Nirmala Sitharaman had stated that state-run firms will continue to pay 12 per cent as PF contribution for employers and employees.

from NDTV Profit - Latest https://ift.tt/2zzvmsL

India Investment Policy Changes Plans For Big Chinese Firms Like Oppo

Companies like Xiaomi and Oppo are looking to expand their businesses into India's financial services market

from NDTV Profit - Latest https://ift.tt/2y19MNn

Sensex, Nifty Remain Under Pressure; Metal, Financial Stocks Drag

All the Nifty sectoral indices traded in the red, with the exception of FMCG and pharma indices.

from NDTV Profit - Latest https://ift.tt/2T3md2K

Reliance Industries Drops Over 1% As Shares Trade Ex-Rights

On April 30, billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries had announced fundraising of Rs 53,125 crore through a 1:15 rights issue.

from NDTV Profit - Latest https://ift.tt/3cAhFII

Rupee Edges Lower To 75.59 Against Dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 100.30.

from NDTV Profit - Latest https://ift.tt/2Z0fMRC

Gold Futures Rise, Touch Rs 46,150 Per 10 Grams Mark

Gold Rate Today: At 10:18 am, the gold futures contract (delivery on June 5) traded stronger by Rs 142 - or 0.31 per cent - at Rs 46,123 per 10 grams.

from NDTV Profit - Latest https://ift.tt/2T4kw4R

Gold Rate Moved Higher After US Central Bank Signals More Stimulus

Gold prices rose as much as 0.9 per cent but pared gains after the US central bank chief rejected the idea of using negative interest rates as a stimulative tool.

from NDTV Profit - Latest https://ift.tt/3fNDzu4

Sensex, Nifty Open Lower

Analysts awaited more details of the Atma Nirbhar Bharat package for cues.

from NDTV Profit - Latest https://ift.tt/2Z09UaZ

Sensex, Nifty Likely To Open Lower Tracking Global Markets

At 8:18 am, the SGX Nifty futures were down 135.25 points - or 1.44 per cent - at 9,255.75.

from NDTV Profit - Latest https://ift.tt/3cwolHU

Nirmala Sitharaman Details First Set Of Moves Under "Atma Nirbhar Bharat"

Finance Minister Nirmala Sitharaman unveiled the first set of measures under the government's "Atma Nirbhar Bharat" economic package on Wednesday to support workers and businesses struck by the...

from NDTV Profit - Latest https://ift.tt/3cFVAZ6

Tranche 1 From Nirmala Sitharaman: Understanding What's New On Loans

Government will offer bank loans amounting to Rs 3 lakh crore to small businesses, Finance Minister Nirmala Sitharaman said.

from NDTV Profit - Latest https://ift.tt/2xZy9v1

Income Tax Return Deadline Extended, TDS Reduced By 25%

TDS and TCS will be reduced by 25% of existing rates for all incomes apart from salary

from NDTV Profit - Latest https://ift.tt/3cFYltP

For MSMEs, $40 Billion Unsecured Loans, Guaranteed By Government

The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.

from NDTV Profit - Latest https://ift.tt/2WVln9h

Government Offers Soft Loans, Tax Concessions To Rescue Economy

The broader spending plan includes measures already unveiled by the government and also by the central bank such as provision for cheap cash to banks and the reduction in its cash reserve ratio.

from NDTV Profit - Latest https://ift.tt/2zz3epE

Government Announces PF Benefits, Take Home Salaries To Increase

Deduction towards PF from both the employer and employee has been reduced from 12% to 10% for three months.

from NDTV Profit - Latest https://ift.tt/2WqFTj1

EPF Contribution To Be Lowered For Businesses, Workers To 10% Temporarily

EPF contribution to be reduced for businesses, workers for 3 months to 10% from 12%, stays at 12% for state-run firms

from NDTV Profit - Latest https://ift.tt/2YX7ppQ

Government Changes MSME Definition, Revises Investment Limit Upwards

A company with investment of up to Rs 1 crore and turnover of Rs 5 crore will now be a micro company, Finance Minister said.

from NDTV Profit - Latest https://ift.tt/2LuRuah

45 Lakh MSMEs To Benefit Via Rs 3 Lakh Crore Loans, Says Finance Minister

Finance Minister Nirmala Sitharaman announced collateral-free loans worth Rs 3 lakh crore for MSMEs with turnover up to Rs 100 crore till October 31, 2020,

from NDTV Profit - Latest https://ift.tt/3fUfOAG

Highlights: Nirmala Sitharaman Shares Details Of Economic Package

The coronavirus-triggered lockdown has pushed an already-ailing economy into a standstill, hampering businesses and landing thousands jobless.

from NDTV Profit - Latest https://ift.tt/2Z5e4i5

Maruti Suzuki Reports 28% Decline In Fourth Quarter Profit

The company's net profit fell to Rs 1,292 crore for the three months ended March 31, compared with Rs 1,796 crore a year earlier

from NDTV Profit - Latest https://ift.tt/2WsIlFR

Sensex Up 2% As Markets Trim Gains; All Eyes On Economic Package Details

Domestic stock markets trimmed early gains on Wednesday after starting the session more than 4 per cent higher, a day after Prime Minister Narendra Modi announced fiscal and monetary support worth Rs...

from NDTV Profit - Latest https://ift.tt/2WpCzod

Bond Yields Spike Briefly On PM's Announcement Of Economic Package

The benchmark 10-year bond yield opened 12 bps higher at 6.28 percentbut retreated quickly to trade flat on the day by 10:15 am

from NDTV Profit - Latest https://ift.tt/3brKAgE

How 10% Of GDP Package Breaks Up: Additional Is Rs 13.5 Lakh Crore

Governments and central banks around the world have unleashed unprecedented amounts of fiscal and monetary support for economies that are reeling from the pandemic.

from NDTV Profit - Latest https://ift.tt/2yU0S4F

Sensex, Nifty Up 2% As Markets Give Up Early Gains On Economic Package

Domestic stock markets started Wednesday's session with strong gains a day after Prime Minister Narendra Modi announced fiscal and monetary support worth Rs 20 lakh crore to support an economy...

from NDTV Profit - Latest https://ift.tt/3fM96wg

Sensex, Nifty Likely To Surge On Economic Package Announcement

The benchmark indices are likely to cheer the announcement of astimulus package worth Rs 20 lakh crore byPrime Minister Narendra Modi.

from NDTV Profit - Latest https://ift.tt/2SXRunm

PM Modi Announces Economic Package Worth Rs 20 Lakh Crore

The package will focus on land, labour, liquidity and law, PM Modi said

from NDTV Profit - Latest https://ift.tt/2WNKk6y

SGX Nifty sURGES After PM Modi Announces Rs 20 Lakh Crore Package

The Nifty futures traded on Singapore Exchange surged as much as 5.5 per cent or 504 points after Prime Minister Narendra Modi on Tuesday announced an economic relief package worth Rs 20 lakh crore to...

from NDTV Profit - Latest https://ift.tt/35RKFsM

Manufacturing Contracts By More Than A Fifth In March Amid COVID-19

Economists said manufacturing was expected to face a severe slowdown for the next few quarters even as government plans an economic package.

from NDTV Profit - Latest https://ift.tt/2SX2QZ5

Industrial Production Contracts 16.7% In March Amid Coronavirus Lockdown

Industrial production had grown by 2.7 percent in March last year

from NDTV Profit - Latest https://ift.tt/2WqQOcg

Consumer Inflation At 5.84% In March, Remains Lowest In 4 Months

Economists say consumer inflation might not remain the driver of policy due to the rapidly-spreading COVID-19 outbreak.

from NDTV Profit - Latest https://ift.tt/3dAB5xh

Maruti Resumes Operations At Manesar Plant On Single Shift Basis

The company is yet to start operations at its Gurugram facility

from NDTV Profit - Latest https://ift.tt/2zw5cHv

Sensex, Nifty Extend Losses To Second Straight Day

Analysts awaited the release of consumer inflation data due later in the day for more clarity on monetary policy going forward.

from NDTV Profit - Latest https://ift.tt/3cqyZzT

Sensex, Nifty Recover From Intraday Lows; Vedanta Surges 10%

In the last hour of trade, Sensex surged as much as 692 points from the day's lowest level.

from NDTV Profit - Latest https://ift.tt/2WmUYC0

ATM Card Cloning Incidents Reported In Delhi, Customers To Get Refund: SBI

The bank asked customers to report all suspicious transactions to home branches

from NDTV Profit - Latest https://ift.tt/2YUL5gF

IRCTC Stock Gains 5%, Hits Upper Circuit As Special Train Bookings Resume

The uptick comes on the back of the announcement which allowed running of 15 pairs of special trains

from NDTV Profit - Latest https://ift.tt/3fJCfbt

India To Offer Big Tax Holidays To Win New Investments: Report

Trade ministry has proposed a 10-year full tax exemption to companies making new investment upwards of $500 million

from NDTV Profit - Latest https://ift.tt/2WQLD4D

Gold Futures Move Higher, Trade Firm Above Rs 45,900 Per 10 Grams Mark

Current Gold Rate: At 10:37 am, the gold futures contract (delivery on June 5) traded stronger by Rs 151 - or 0.33 per cent - at Rs 45,932 per 10 grams.

from NDTV Profit - Latest https://ift.tt/2Wm3ykG

Rupee Depreciates To Hit 75.95 Mark Against Dollar

Rupee Vs Dollar Today: After starting the four-hour session down by 15 paise at 75.88, the rupee declined to an intraday low of 75.95 in the first 30 minutes of trade.

from NDTV Profit - Latest https://ift.tt/3bimTHG

Sensex, Nifty Track Global Markets Lower

Analysts awaited the release of consumer inflation data due later in the day for more clarity on monetary policy going forward.

from NDTV Profit - Latest https://ift.tt/3fHCm7q

Sensex Nifty Likely To Open Lower Tracking Global Markets

At 8:00 am, the SGX Nifty futures traded down 81.10 points - or 0.88 per cent - at 9,148.00.

from NDTV Profit - Latest https://ift.tt/2Ac16o3

Automakers Warn Of Up To 45% Sales Drop As Economy Slumps Amid Pandemic

India's auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percentlast fiscal year

from NDTV Profit - Latest https://ift.tt/3fG8Tuv

State Refiners Scale Up Crude Processing As Fuel Demand Improves

IOC has re-started several units at its refineries and resumed operations at its Panipat naphtha cracker.

from NDTV Profit - Latest https://ift.tt/2Tb4sP5

Saudi Arabia To Cut June Oil Output By An Extra 1 Million Barrels A Day

Global oil demand has slumped by about 30 percent as the coronavirus pandemic has curtailed movement across the world

from NDTV Profit - Latest https://ift.tt/35PECVA

Sensex Ends Lower After Rallying Over 650 Points Dragged By Banks

Gains in auto, IT and energy shares were offset by losses in banking and financial services counters.

from NDTV Profit - Latest https://ift.tt/2SU22nP

Sensex, Nifty Off Day's Highs; Auto, IT Stocks Gain, Banks Fall

Six of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index's over 5 per cent gain.

from NDTV Profit - Latest https://ift.tt/3cnCt6c

FICCI Warns Of Massive Job Losses, Calls For Package Worth 4-5% Of GDP

FICCI urged the government to roll out a stimulus package of Rs 9-10 lakh crore

from NDTV Profit - Latest https://ift.tt/2WmE0DU

Coronavirus Crisis: World's Second Oldest Airline Driven To Bankruptcy

Avianca Holdings' bankruptcy filing highlights the challenges for airlines that cannot count on state rescues or on such rescues coming fast enough.

from NDTV Profit - Latest https://ift.tt/3fERfaA

Bond Yields Surge As Government Borrowing Balloons Amid COVID-19 Pandemic

The government plans to borrow Rs 12 lakh crore in the fiscal year to March 2021, up from the previously budgeted Rs 7.8 lakh crore.

from NDTV Profit - Latest https://ift.tt/2LgzfFs

Rupee Weakens To 75.77 Against Dollar

The rupee was last seen trading 0.23 per cent lower at 75.72 against the dollar in late morning deals, having started the session flat at 75.55.

from NDTV Profit - Latest https://ift.tt/3dzOAx7

Gold Rises As New Wave Of COVID-19 Infections Raises Stimulus Hopes

Massive stimulus measures tend to support gold as it is used as a hedge against inflation and currency debasement.

from NDTV Profit - Latest https://ift.tt/2YVsLUD

Gold Futures Edge Lower, Slip Below Rs 45,700 Per 10 Grams Mark

Gold Price Today: At 10:23 am, the gold futures contract (delivery on June 5) traded down Rs 57 - or 0.12 per cent - at Rs 45,755 per 10 grams.

from NDTV Profit - Latest https://ift.tt/3clI50B

Sensex Gains Around 400 Points, Nifty Above 9,350, Led By Auto, Metal Stocks

Domestic stock markets were strong in the mid-morning session as the country remained in the third phase of a nationwide lockdown to curb COVID-19.

from NDTV Profit - Latest https://ift.tt/2YXLP4R

Reliance Industries Gains Over 3% After Company Fixes Rights Issue Date

The Mukesh Ambani-led Oil-to-telecom conglomerate fixed May 14 as the record date for the country's biggest rights issue.

from NDTV Profit - Latest https://ift.tt/3fEkY3C

Mukesh Ambani's Jio May Add Saudi, US Investors To $8 Billion Run: Report

Any new investment into Jio Platforms will add to the $8 billion deal run that Mukesh Ambani has sealed in recent weeks.

from NDTV Profit - Latest https://ift.tt/2LiaeKe

ICICI Bank Weakens 2% Post March Quarter Results

The bank, on Saturday, reported a 26 per cent jump in net profit at Rs 1,221.36 crore for the quarter ended March 2020.

from NDTV Profit - Latest https://ift.tt/3dzWuqa

Indian Start-Ups Become Creative As Coronavirus Crisis Hits Funding

A group of the top venture firms, including U.S. groups Sequoia and Accel, warned start-ups this month that it will be "very difficult" to raise financing anytime soon.

from NDTV Profit - Latest https://ift.tt/3cmqaqL

Sensex Soars Over 500 Points, Nifty Touches 9,400 On Global Cues

Gains across sectors - led by financial, automobile and metal stocks - pushed the markets higher.

from NDTV Profit - Latest https://ift.tt/2zqOvNC

Gap-Up Opening Likely For Sensex, Nifty

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.

from NDTV Profit - Latest https://ift.tt/2WIHJe7

Coronavirus Financial Stimulus "Not Sufficient", Says Ex-RBI Governor

The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up

from NDTV Profit - Latest https://ift.tt/3cmf4lo

Not Offering "Emergency Loan Via YONO", Clarifies SBI

SBI also said it will soon introduce a pre-approved personal loan for its salaried customers

from NDTV Profit - Latest https://ift.tt/2Ldz5P9

Reliance Industries Fixes 14 May As Record Date For Rights Issue

The company also that the opening and closing dates for the rights issue will be informed separately

from NDTV Profit - Latest https://ift.tt/3cjBvYJ

Emirates Airline Posts Rise In Annual Profit, COVID-19 Hits Last Quarter

Emirates, one of the world's biggest long-haul airlines, reported a 21 percentrise in full-year profit

from NDTV Profit - Latest https://ift.tt/2ST5XB5

Coronavirus Inflicts Huge Job Losses In US, Pandemic Breaches White House

Labor Department reported the USunemployment rate rose to 14.7 percentlast month, up from 3.5 percentin February

from NDTV Profit - Latest https://ift.tt/35NohAW

IndiGo Announces Pay Cut For Senior Employees For Entire 2020-21

The salary cut will be effected from May till the end of the 2020-21 financial year

from NDTV Profit - Latest https://ift.tt/3duKPsQ

ICICI Bank Net Profit Jumps 26% In March Quarter To Rs 1,221.36 crore

Shares in ICICI Bank had ended 0.30 per cent higher at Rs 337.75 apiece on the BSE on Friday.

from NDTV Profit - Latest https://ift.tt/3dB5ZFT

Centre Disbursed Rs 18,253 Crore Under PM-KISAN Scheme During Lockdown

Ms Sitharaman also said that about three crore farmers with agri loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium.

from NDTV Profit - Latest https://ift.tt/35IYk5m

Government-Run Gold Bond Scheme Opens On Monday: 10 Things To Know

A second instalment of the government-run Sovereign Gold Bond (SGB) scheme will open for subscription from Monday, May 11. The Sovereign Gold Bonds - issued by the Reserve Bank of India (RBI) on...

from NDTV Profit - Latest https://ift.tt/2WGlnda

Saudi Arabia, US Firms Eye Stakes In Reliance Jio: Report

On Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

from NDTV Profit - Latest https://ift.tt/2Wh8MOw

India's Fuel Consumption Falls 46% To Lowest Since 2007

Consumption of diesel was down about 55.6 per cent year-over-year at 3.25 million tonnes. Sales of petrol dropped by 60.6 per cent from a year earlier to 0.97 million tonnes.

from NDTV Profit - Latest https://ift.tt/2SNHz3W

Government Sharply Increases Borrowing To Rs 12 Lakh Crore

Government will now borrow Rs 30,000 crore via a sale of bonds each week, sharply higher than the Rs 19,000-21,000 crore scheduled earlier.

from NDTV Profit - Latest https://ift.tt/3bgoyxx

Equity Mutual Fund Flows Halve In April As COVID-19 Keep Investors Away

Net flows into mutual funds that invest in equity fell 47 per cent to Rs 6,212 crore in April from Rs 11,722 crore in March, AMFI data showed.

from NDTV Profit - Latest https://ift.tt/2WBYebQ

Government Hikes Market Borrowing Limit To Rs 12 Lakh Crore Amid COVID-19

The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.

from NDTV Profit - Latest https://ift.tt/3dq5GgS

Nirmala Sitharaman Launches Rupee-Dollar F&O Contracts On BSE, NSE

INR-USD future contracts will be available for 22 hours across all time zones for all global participants from GIFT IFSC.

from NDTV Profit - Latest https://ift.tt/35JXEN2

Reliance Jio Launches New Work From Recharge Plans. Details Here

The new recharge plans launched by Reliance Jio offer 33 per cent more value over competition's annual Rs 2,399 plan, Reliance Jio said.

from NDTV Profit - Latest https://ift.tt/2SMgqyh

Government Had Rs 1.66 Lakh Crore Loans From RBI In May 1 Week

State governments had Rs 3,823 crore loans from RBI in the week ended May 1, compared with Rs 1,063 crore in the previous week, the release showed.

from NDTV Profit - Latest https://ift.tt/2WceCk9

Bank Loans Rose 6.7% In Two Weeks To April 24, Says RBI

Non-food credit fell Rs 67,910 crore to Rs 102.17 lakh crore, while food credit fell Rs 1,430 crore to Rs 52,643 crore.

from NDTV Profit - Latest https://ift.tt/3biai7c

SBI Cards Net Profit Declines 66% in Fourth Quarter

SBI Cards and Payment Services on Friday posted a 66 per cent fall in net profit at Rs 84 crore for the quarter ended March 31

from NDTV Profit - Latest https://ift.tt/3bh16zW

Latest Investment Caps $8 Billion Deal Run For Mukesh Ambani

Billionaire Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook Inc.

from NDTV Profit - Latest https://ift.tt/2L7u4I6

Sensex, Nifty End Higher Led By Gains In Reliance Industries

The S&P BSE Sensex and NSE Nifty 50 indexes ended higher led by gains in Reliance Industries which rose nearly 5 per cent.

from NDTV Profit - Latest https://ift.tt/2Wf8vLT

Rupee Weakens By 45 Paise Against Dollar In Holiday-Truncated Week

The rupee started the session at 75.36 and appreciated to as high as 75.26 paise against the US currency during the four-hour session, amid sharp gains in domestic equities and weakness in the dollar...

from NDTV Profit - Latest https://ift.tt/2LdeCdA

Inflation Likely Fell To A Five-Month Low In April: Poll

The May 5-7 poll median of more than 40 economists predicted India's annual consumer price inflation fell to 5.68% in April from March's 5.91%.

from NDTV Profit - Latest https://ift.tt/2xKMLhJ

Moody's Sees India's Economic Growth At 'Zero'' In Current Financial Year

Analysts across the board have been certain about the heavy economic toll that the pandemic will take on the country.

from NDTV Profit - Latest https://ift.tt/3chy9VZ

Templeton Apologises To Sebi, Says Committed To Refund Investors

Franklin Templeton India has issued an apology to SEBI for any misunderstanding regarding the recent closureof its India schemes.

from NDTV Profit - Latest https://ift.tt/3fw4A56

SEBI Rebuts Franklin Templeton, Says Focus On Returning Investors' Money

The new regulations were enforced after the collapse of a major infrastructure financier in September 2018, SEBI said.

from NDTV Profit - Latest https://ift.tt/2LgdhCt

HCL Tech Gains 2% On Rise In Fourth Quarter Net Profit

HCL Tech sharesshed nearly 1 per cent on the BSE after the IT major reported a 4 per cent rise in net profit at Rs 3,154 crore in March quarter.

from NDTV Profit - Latest https://ift.tt/3beeuF1

Reliance Industries Soars Nearly 3% Post Reliance Jio-Vista Equity Deal

This is the third high profile-investment in Reliance Jio in the past one month after the stake purchase by Facebook and Silver Lake.

from NDTV Profit - Latest https://ift.tt/3cgCske

Sensex Opens Over 600 Points Higher, Nifty Above 9,350

Analysts awaited financial results for the January-March period from large cap companies.

from NDTV Profit - Latest https://ift.tt/3frbOYd

Sensex, Nifty Likely To Open Higher Tracking Global Markets

At 8:24 am, the SGX Nifty futures were up 93.00 points - or 1.01 per cent - at 9,297.25.

from NDTV Profit - Latest https://ift.tt/35IJZWw

US-BasedVista Equity Partners To Take Over 2% Stake In Reliance Jio

Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks, Reliance Industries said.

from NDTV Profit - Latest https://ift.tt/2xGziau

3.2 Crore Account Holders Availed RBI's Moratorium, Says Finance Ministry

Government also said that during March and April, the PSBs sanctioned loans worth Rs 5.66 lakh crore for more than 41.81 lakh accounts

from NDTV Profit - Latest https://ift.tt/3bgwFKi

SBI To Extend Moratorium To NBFCs To Deal With Cash Flow Problem

The bank would extend the moratorium to NBFCs on a case-to-case basis after assessing their cash budgets

from NDTV Profit - Latest https://ift.tt/2Lal3hg

SBI Cuts Lending Rate By 0.15%, Loans Set To Get Cheaper

From 12 May, the MCLR will come down to 7.25 percent, from the current 7.40 percent

from NDTV Profit - Latest https://ift.tt/2A8iudt

Sensex, Nifty End Lower Amid Rising Coronavirus Cases

Nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Financial Services index's 1.6 per cent fall.

from NDTV Profit - Latest https://ift.tt/2SLuFmO

HCL Tech March Quarter Profit Rises 4% To Rs 3,154 Crore

Revenue in constant currency terms rose 0.8 per cent on a quarter-on-quarter basis, HCL Tech said.

from NDTV Profit - Latest https://ift.tt/35LIoj2

Sensex, Nifty Slip Amid Rising COVID-19 Cases; Consumer Goods Stocks Down

Consumer products giant Hindustan Unilever fell 4.3% after GlaxoSmithKline began selling $3.45 billion worth of the company's shares in the open market.

from NDTV Profit - Latest https://ift.tt/2W9O2rN

Gold Futures Move Up To Touch Rs 45,550 Per 10 Grams Mark

Gold Rate: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,914 per 10 grams - excluding Goods and Services Tax (GST).

from NDTV Profit - Latest https://ift.tt/2YHRvji

Maruti Suzuki To Start Production At Manesar From Tuesday

Maruti Suzuki assured that all activities would be carried out as per the government regulations and in line with the company's high safety standards.

from NDTV Profit - Latest https://ift.tt/2A7Wy2b

Forex Markets Shut For Buddha Purnima Holiday

Buddha Purnima2020: Domestic forex as well as debt markets remained shut on Thursday, May 7.

from NDTV Profit - Latest https://ift.tt/3di21Sa

Here's The Economic Impact Of Mumbai Lockdown

Mumbai contributes 6 per cent to the country's GDP. It is not a surprise that lockdown of the financial capital comes at a huge economic cost.

from NDTV Profit - Latest https://ift.tt/35L4GS0

Sensex, Nifty Decline 1% Amid Choppy Trade

Analysts awaited more large cap companies to report their financial results for the quarter ended March 31 for near-term direction.

from NDTV Profit - Latest https://ift.tt/2SFvA8f

Yes Bank Hits Upper Circuit On Jump In Q4 Net Profit

Yes Bank, post market-hours on Wednesday reported a net profit of Rs 2,628.61 crore for the quarter ended March 31, as against a loss of Rs 1,506.64 crore for the corresponding period a year ago.

from NDTV Profit - Latest https://ift.tt/35E13wS

Sensex Falls Over 300 Points, Nifty Slips Below 9,200 Amid Choppy Trade

Analysts awaited more large cap companies to report their financial results for the quarter ended March 31 for near-term direction.

from NDTV Profit - Latest https://ift.tt/3bd12Bc

Yes Bank March Quarter Profit At Rs 2,629 Crore, Asset Quality Improves

The bank's total interest income fell 7.47 per cent to Rs 5,221.34 crore in the fourth quarter of financial year 2019-20.

from NDTV Profit - Latest https://ift.tt/2SJ9q56

Sensex, Nifty Likely To Open Lower Tracking Global Markets

Analysts awaited more large cap companies to report their financial results for the quarter ended March 31 for near-term direction.

from NDTV Profit - Latest https://ift.tt/2SJb1If

Maruti Suzuki To Resume Manesar Plant Production From Tuesday

Economic activity is slowly resuming in pockets of the country as the coronavirus (COVID-19) lockdown has entered its third phase in accordance with guidelines issued by the government.

from NDTV Profit - Latest https://ift.tt/2A6IdTD

Now Is The Time For Public Investment Projects, Says IMF

Last month, the IMF forecast the global economy would shrink 3 percent during 2020

from NDTV Profit - Latest https://ift.tt/3b9Awsv

Zomato Targets Push Into Liquor Delivery: Report

Alcohol stores, closed nationwide on March 25, were allowed to re-open this week, generating queues of hundreds of people outside some outlets.

from NDTV Profit - Latest https://ift.tt/2SGVclw

Bombardier Bags Rolling Stock Tender For Delhi-Meerut RRTS Train Project

The air-conditioned RRTS trains will have economy as well as business class (one coach per train) and a coach reserved for women passengers

from NDTV Profit - Latest https://ift.tt/2yzfFS7

Gold Futures Edge Higher To Rs 45,800 Per 10 Grams Mark

According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,914 per 10 grams - excluding Goods and Services Tax (GST).

from NDTV Profit - Latest https://ift.tt/2W9v1Wo

Excise Duty On Petrol Up By Rs 10/Litre, Diesel By Rs 13/Litre: 10 Points

The government on Tuesday increased the excise duty applicable to petrol and diesel. The hike in excise duty - which is an indirect tax levied on the production of goods - on petrol was to the tune of...

from NDTV Profit - Latest https://ift.tt/2Wpqkqo

Government Hikes Taxes On Petrol, Diesel; Says Consumers Will Be Unaffected

Taxes and duties on petrol and diesel were increased by Rs 10/litre and Rs 13/litre respectively, but the government said in a statement that local pump prices would not be affected.

from NDTV Profit - Latest https://ift.tt/2A40pgF

India's Services Activity Collapses As COVID-19 Paralyses Global Economy

The steep downturn in activity underlined the widespread havoc wrought by the pandemic worldwide, with many fearing the worst global recession since the 1930s.

from NDTV Profit - Latest https://ift.tt/3foNgPy

Centre Appoints Tarun Bajaj As Director On RBI Central Board

The government has appointed Economic Affairs Secretary Tarun Bajaj as a director on central board of Reserve Bank of India, in place of Mr Bajaj will be replacing Atanu Chakraborty, who retired on...

from NDTV Profit - Latest https://ift.tt/3dmaeVE

Sensex Rebounds Over 500 Points From Day's Low, Nifty Above 9,200

Domestic stock markets bounced back into positive territory, amid choppiness, as the country remained in an extended lockdown to curb COVID-19.

from NDTV Profit - Latest https://ift.tt/35y7QIH

Rupee Weakens By 17 Paise To 75.80 Against Dollar

The currency had settled at 75.63 against the greenback on Wednesday.

from NDTV Profit - Latest https://ift.tt/2xAEaOm

Sensex Falls Over 250 Points As Markets Give Up Early Gains

Analysts awaited more large cap companies to report their financial results for the January-March period.

from NDTV Profit - Latest https://ift.tt/2L5jzVO

Government Nominates Economic Affairs Secretary As RBI Central Board Director

The Centre has nominated Secretary of Economic Affairs Department Ministry of Finance Tarun Bajaj as a director on the Central Board of Reserve Bank of India (RBI).

from NDTV Profit - Latest https://ift.tt/35B80yQ

Sensex, Nifty Likely To Open Flat

Private sector lender Yes Bank is due to report its financial results for the quarter ended March 31 later in the day.

from NDTV Profit - Latest https://ift.tt/2xDZSRD

Rupee Ends 10 Paise Higher At 75.63 Buoyed By Equities, Asian Currencies

The intra-day high and low were recorded at 75.50 and a low of 75.72 against the US dollar, respectively

from NDTV Profit - Latest https://ift.tt/3c6xVRz

Sensex Ekes Out Gains, Ends Over 250 Points Lower Dragged By Banks

All the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's 3.3 per cent fall.

from NDTV Profit - Latest https://ift.tt/2WrNYTn

Sensex Cracks Nearly 700 Points From Day's High; Nifty Below 9,300

All the 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank index's 2.2 per cent fall.

from NDTV Profit - Latest https://ift.tt/3c7NKY5

Gold Futures Fall Over 1% To Trade Near Rs 45,300 Per 10 Grams Mark

Gold Rate: At 12:50 pm, the gold futures contract (delivery on June 5) was down by Rs 417 per 10 grams - or 0.91 per cent - at Rs 45,390 per 10 grams.

from NDTV Profit - Latest https://ift.tt/3diHTj2

Gold Price Dips As Coronavirus-Led Restrictions Ease

Gold, which is considered an alternative asset during times of economic and political turmoil, rose 18 per cent last year due to the tariff war and interest rate cuts by the Federal Reserve.

from NDTV Profit - Latest https://ift.tt/2L20rbe

Markets Off Day's Highs; Auto Stocks Witness Buying, But Banks, FMCG Weak

The markets have trimmed their early gains as buying inNifty auto and IT stocks is being negated by weakness in PSU banks and FMCG counters..

from NDTV Profit - Latest https://ift.tt/2W3OrMr

The US Company That Followed Facebook's Bet On Reliance Jio

Reliance said April 30 that it has received interest from new potential global partners in taking a stake similar to the purchase by Facebook in Jio Platforms.

from NDTV Profit - Latest https://ift.tt/3dizSus

Tech Stocks-Heavy Nasdaq Composite Ends Over 1% Higher

Gains in Microsoft, Apple and Amazon shares were the biggest lifts for Wall Street, following mixed reaction last week to reports from big tech names.

from NDTV Profit - Latest https://ift.tt/3dl4hbx

Petrol, Diesel Costlier In Delhi From Today. See How Much You Will Pay

The consumer now has to shell out Rs 71.26 and Rs 69.39 for every litre of petrol and diesel respectively in Delhi.

from NDTV Profit - Latest https://ift.tt/2SzPa5U

Unemployment Rate Spiked To 27.1% In April: CMIE

The unemployment rate - or the share of jobless people in an economy - stood at 27.1 per cent in April 2020 due to a paucity of jobs in the economy.

from NDTV Profit - Latest https://ift.tt/2YAFGLK

Sensex Rises Over 500 Points Tracking Gains In Global Markets

Investors awaited January-March earnings from large cap companies such as ICICI Bank due this week for domestic cues, according to analysts.

from NDTV Profit - Latest https://ift.tt/3dgLBJJ

Sensex Opens Over 450 Points Higher Tracking Gains In Global Markets

On Monday, the NSE Nifty 50 index had shed 566.40 points - or 5.74 per cent - to end at 9,293.50, its worst day in six weeks, and the S&P BSE Sensex benchmark tumbled 2002.27 points (5.94 per cent) to...

from NDTV Profit - Latest https://ift.tt/3dt9s9t

Sensex, Nifty May Head Higher On Positive Global Cues

The benchmark indices may open In the green as a late tech-led rally in Wall Street led to a firm opening In Asian markets and SGX Nifty trading also indicated a positive start for the boursesback...

from NDTV Profit - Latest https://ift.tt/3fgKADo

Xiaomi To Roll Out E-Commerce Service In India To Boost Sales In Lockdown

The service will be rolled out across India and Xiaomi will continue it after the lockdown ends if it is successful

from NDTV Profit - Latest https://ift.tt/35wQqvK

Constructions Begin Gurugram, Permission Awaited In Noida, Greater Noida

Developers stopped construction works on sites following the nationwide lockdown imposed from March 25

from NDTV Profit - Latest https://ift.tt/35yI7j9

Coal India Sales Sink On Lockdown Demand Drop

Offtake by customers, such as power generators, fell by 25.5 per cent to 39.06 million tonnes - the deepest fall since at least April 2014.

from NDTV Profit - Latest https://ift.tt/2SzqSJl

Refiners Stockpile Low-Cost Oil, Fill 32 Million Tonne Commercial Storage

Petroleum Minister said India can meet around 20 percentof its domestic demand by storing low-priced priced crude oil

from NDTV Profit - Latest https://ift.tt/2yo1MpO

RBI Chief Discusses Liquidity, Credit Supply With Shadow Banks

The RBI Governor met the shadow banking and mutual fund industry representatives days after the government extended a 40-day nationwide lockdown to curb the spread of COVID-19.

from NDTV Profit - Latest https://ift.tt/2ygryMX

ITC, Some Unions Lock Horns Over Work During Coronavirus: Report

The company has warned some workers of disciplinary action and pay cuts for missing work during the coronavirus epidemic

from NDTV Profit - Latest https://ift.tt/2Svx2Kj

Sensex Crashes Over 2,000 Points After Government Extends Lockdown

The S&P BSE Sensex and NSE Nifty 50 indexes crashed on Monday after the government extended the COVID-19 lockdown by two more weeks. Rising US-China tensions also sapped optimism about a pick up in...

from NDTV Profit - Latest https://ift.tt/2W2wq17

Gold Futures Jump To Rs 45,800 As Equities Tumble Amid COVID-19

At 2:01 pm, the gold futures contract (delivery on June 5) was up by Rs 270 per 10 grams - or 0.59 per cent - at Rs 45,797 per 10 grams.

from NDTV Profit - Latest https://ift.tt/3c3z645

Gold Price Steadies Near $1,700 On Firm Dollar

Spot gold was steady at $1,699.49 per ounce by 0601 GMT (11:31 am in India), having gained over 1 per cent on Friday.

from NDTV Profit - Latest https://ift.tt/3c1a1ab

April Petrol Sales Down 61%, Diesel Down 57%: Report

Overall fuel sales during the month declined by 50 per cent from a year ago, according to provisional industry data.

from NDTV Profit - Latest https://ift.tt/3c15mVJ

Forty Days That Prompted Indian Companies To Write-Off A Quarter

From Thermax to Kalyani Steel Limited, companies are slowly being allowed to resume operations from Monday even though the lockdown has been extended for two weeks.

from NDTV Profit - Latest https://ift.tt/2z3dy9l

With $750 Million Stake For US Firm, Reliance On Track To Cut Debt

Silver Lake's investment, at a 12.5 per cent premium to the equity valuation of the Facebook deal, gives it slightly more than a 1 per cent stake in Jio Platforms.

from NDTV Profit - Latest https://ift.tt/3b7oGzn

Covid -19 Lockdown Drags Manufacturing To Record Low In April: Survey

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, plunged to 27.4 in April from 51.8 in March, by far its lowest since the survey began in March 2005

from NDTV Profit - Latest https://ift.tt/2z4AsNq

India's Factory Activity Slumped To Record Low In April: Survey

The country's manufacturing activity contracted at its sharpest pace on record in April as a lockdown to combat the rapid spread of the coronavirus led to a slump in demand and massive supply chain...

from NDTV Profit - Latest https://ift.tt/2Sxi1I6

Hindustan Unilever Shares Fall Over 5% As COVID-19 Hits Profitability

On the BSE, Hindustan Unilever shares dropped as much as 5.27 per cent to Rs 2,080 apiece on Monday.

from NDTV Profit - Latest https://ift.tt/35qyOSv

Reliance Industries Declines Nearly 3% Post Q4 Results, Silver Lake Deal

The oil-to-telecom conglomerate reported a 39 per cent fall in net profit to Rs 6,348 crore in the fourth quarter ended March 2020.

from NDTV Profit - Latest https://ift.tt/2YuT4kn

Sensex Opens Over 950 Points Lower, Nifty Below 9,550

US stock futures fell 1.7 per cent, indicating a weak start for Wall Street on Monday.

from NDTV Profit - Latest https://ift.tt/2YBSotH

Silver Lake To Invest Rs 5,656 Crore In Jio: Reliance Industries

The deal comes days after Facebook said it would spend $5.7 billion to buy a 9.99 per cent stake in Jio Platforms.

from NDTV Profit - Latest https://ift.tt/35v4TIB

Sensex, Nifty Likely To Open Weak

The benchmark indices are likely to start the month of May on a negative note due to weak cues from the global markets amid fears of a renewed US-China trade war.

from NDTV Profit - Latest https://ift.tt/3c1FAk6

CII Bats For More Activity In High Economic Performance Districts

CII has suggested prioritising districts with heavy presence of economic and industrial activity

from NDTV Profit - Latest https://ift.tt/2Wn7ArO

Debt Mutual Funds Witness Lower Redemption Since RBI's Liquidity Measure

AMFI said that redemptions under credit risk funds have tapered off "substantially" since the RBI's announcement

from NDTV Profit - Latest https://ift.tt/3bUfuPT

Bank of Baroda, Indian Bank NPAs Soar In Six Years, Reveals RTI Data

The RTI data also showed the banks earned huge amounts from SMS alert service fees and other such charges

from NDTV Profit - Latest https://ift.tt/3fdF5p4

Income Tax Department Tweets COVID-19 Related Phishing Alert

In its tweet, Income Tax Department urgedtaxpayers not to click on any fake link which promises to give refund

from NDTV Profit - Latest https://ift.tt/2Yp5F8N

Citing Unsustainable Finances, RBI Cancels CKP Co-Operative Bank Licence

The central bank also requested the Registrar of Co-Operative Societies to "wind up the affairs" of the bank and appoint a liquidator

from NDTV Profit - Latest https://ift.tt/2zQuOyN

Over 10 Crore Face Uncertain Future In Small And Medium-Scale Industries

The sector is demanding for NPA protection and release of pending payments by the government, among other sops.

from NDTV Profit - Latest https://ift.tt/2z8mLgg

RBI Governor Meets Chiefs Of Public, Private Sector Banks

The RBI chief's talks with the heads of banks comes a day after the government extended a 40-day nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.

from NDTV Profit - Latest https://ift.tt/35n058a

Sensex Gains 8% In 4 Days, Clocks Best Week In 4

The markets took positive cues from optimism in global peers about a COVID-19 treatment however subdued large cap earnings kept the gains back home in check, say analysts.

from NDTV Profit - Latest https://ift.tt/2KYeZs1

Women Jan Dhan Account Holders To Get Second Rs 500 Instalment From May 4

The transfer has been staggered over a period of five days to avoid rush at the bank branches.

from NDTV Profit - Latest https://ift.tt/2VVjvOn

Crude Oil Imports Up 1.8% In March, Slowest Pace So Far This Year

Rystad Energy expects COVID-19 to remove nearly 4 million bpd of road diesel demand worldwide in the second quarter, and diesel demand in other sectors to drop by another 1.2 million bpd.

from NDTV Profit - Latest https://ift.tt/2Ymqvpj

Coal India Sales Sink Over 25% On Demand Slump Amid COVID-19

More than three quarters of the electricity generated in the country is coal-fired, and Coal India accounts for more than four fifths of India's domestic production.

from NDTV Profit - Latest https://ift.tt/3aXBjge

Auto Makers Report Nil Sales In A Month For First Time Amid Lockdown

Maruti Suzuki India, Hyundai Motor India, Mahindra & Mahindra (M&M), Toyota Kirloskar Motor (TKM) and MG Motor India reported nil sales as they suspended operations even before the imposition of...

from NDTV Profit - Latest https://ift.tt/2SmNCMD

Newspaper Industry Could Face Losses Up To Rs 15,000 Crore: Industry Body

The Indian Newspaper Society has urged the government to withdraw five per cent customs duty on newsprint.

from NDTV Profit - Latest https://ift.tt/3aVYHdO

Lockdown Saved India From Lot Of Agony: SBI Chairman

Lockdown has saved the country from "a lot of agony", notwithstanding the subdued economic activity during the period, he said.

from NDTV Profit - Latest https://ift.tt/2YpHTcG

Mahindra & Mahindra Reports Zero Domestic Sales Amid COVID-19 Lockdown

Domestic sales of vehicles during the month was completely impacted by the ongoing COVID-19 pandemic and resulting national lockdown, the company said.

from NDTV Profit - Latest https://ift.tt/2SqmZX5

Mukesh Ambani's RIL Expects To Hit Zero Net Debt Before Deadline

The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.

from NDTV Profit - Latest https://ift.tt/3f90KyF

Non-Subsidised LPG Price Cut By Up To Rs 192 Per Cylinder In Metros

Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. The consumer has to make any additional purchases at the market price.

from NDTV Profit - Latest https://ift.tt/2KRxMFs

Why Reliance Has Cut Pay At Oil Unit, No Salary For Mukesh Ambani

Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.

from NDTV Profit - Latest https://ift.tt/2WgIElK

Maruti Suzuki Records Zero Monthly Sales For First Time Ever In April

Maruti Suzuki India on Friday reported zero monthly domestic sales for the first time ever in April, as the country remained under lockdown to contain the spread of the coronavirus.

from NDTV Profit - Latest https://ift.tt/3aTDd1k

Latest On The Spread Of The Coronavirus Around The World

US President Donald Trump said the United States plans to accelerate the development of a coronavirus vaccine, an effort that has been dubbed "Operation Warp Speed".

from NDTV Profit - Latest https://ift.tt/2wzQNsL

Apple Boosts Revenues In Pandemic-Hit Quarter, But Profits Take A Hit

Profit dipped to $11.2 billion on sales of $58.3 billion in the fiscal second quarter, compared to net income of $11.7 billion on revenue of $58 billion in the same period a year earlier.

from NDTV Profit - Latest https://ift.tt/2WdJnUB

Amazon January-March Profit Falls 29% On COVID-19 Expenses

The e-commerce leader has been prioritizing "essential items" such as household staples and medical supplies, while working to stem price-gouging from third-party sellers.

from NDTV Profit - Latest https://ift.tt/2YopeOf

Financial Markets Shut Today For Maharashtra Day Holiday

The spread of the coronavirus (COVID-19) pandemic has battered the financial markets around the globe, as investors assess the effectiveness of policy measures against the outbreak.

from NDTV Profit - Latest https://ift.tt/2W8ewZu