Government To Borrow More Aggressively In April-September Than Expected

Government plans to issue bonds worth Rs 19,000 crore to Rs 21,000 crore weekly through the first 6 months of the fiscal year that begins on April 1.

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Airlines Face Refunding $35 Billion Of Unused Tickets: Aviation Body

The industry group has also estimated that the airlines are expected to burn $61 billion of their cash reserves in the April-June period.

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Loan Moratorium Measures Begin But Job Loss, Pay Cut Concerns Mount

Job losses and pay cuts continued to haunt many even as authorities promised special facilities, including for migrant labourers

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SpiceJet To Cut March Salary As Coronavirus Lockdown Hits Travel Demand

Earlier this month, IndiGo said in an internal memo that it would cut the salaries of most employees by between 5 per cent and 20 per cent.

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March Sees India's Biggest Monthly Foreign Investor Rout Ever

Foreign institutional investors sold nearly $16 billion worth of equity and debt as of Monday, according to depository data.

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Government To Borrow Rs 4.88 Lakh Crore In First Half Of FY 2021

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at Rs 7.8 lakh crore.

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Fiscal Deficit Touches 135.2% Of Budget Estimate At February-End

The government aims to restrict the fiscal deficit at 3.8 per cent of the GDP or Rs 7.1 lakh crore in 2019-20

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State-Run Banks Allow Borrowers 3-Month Delay In EMIs Over Coronavirus

Last Friday, the regulator announced a slew of steps to strengthen the financial system against the economic fallout from the spread of COVID-19disease.

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Core Sector Growth Up 5.5% In February, Highest In 11 Months

These industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP)

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Nifty Suffers Worst March Since Inception As Coronavirus Rattle Investors

In the month of March alone, investors wealth worth Rs 37.23 lakh crore was wiped out and the foreign institutional investors till Monday pulled out Rs 58,348 crore.

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Sensex Closes 1,028 Points Higher, Nifty Settles At 8,598

Analysts say that volatility cannot be ruled out in the near term as investors assess the rising coronavirus cases against the policy measures announced to curb the outbreak.

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Bond Markets Rally On New Foreign Investment Category, H1 Borrowing In Focus

RBI announced a new category for foreign investors, while hopes of a reduction in April's borrowing or cancellation ahead of the first-half borrowing plan aided sentiment.

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Gold Futures Rangebound Near Rs 43,650-43,800/10 Grams Amid Coronavirus

At 12:08 pm, the gold futures contract (delivery on April 3) was down 0.42 per cent (Rs 186 per 10 grams) at Rs 43,656 per 10 grams.

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Coronavirus One Of Toughest Challenges World Faced With: Infosys CEO

It is already working with multiple state governments and NGOs to expand its reach across the country, the Foundation said.

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Forex Markets To Remain Shut On Wednesday

The money markets will also remain closed on April 2, April 6, April 10 and April 14.

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Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002

Global oil benchmark brent crude plunged as investors faced the growing prospect that the global coronavirus shutdown could last for months

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Government, RBI Try To Cushion An Economy In Slump Even Before COVID-19

A series of steps announced this year aim to encourage banks to lend. Measures announced by the Reserve Bank of India since early February inject cash equivalent to 3.2% of the country's gross...

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Gold Prices Set For Sixth Straight Quarterly Gain

The metal was up about 6.5 per cent for the quarter as fears of economic fallout from the coronavirus pandemic provided support for the bullion

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Rupee Edges Higher To 75.51 Against Dollar

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.

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Sensex, Nifty Open Higher

On Monday, the Sensex had ended 1,375.27 points (4.61 per cent) lower at 28,440.32 - extending losses to a second straight session, and the Nifty settled at 8,281.10, down 379.15 points - or 4.38 per...

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Markets Likely To Have A Positive Start

The MSCI's broadest index of Asia-Pacific shares outside Japan rise 1.1 per cent. Japan's Nikkei firmed 1 per cent after a jittery start, while South Korea added 2 per cent.

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Government May Slash Borrowing From Market In April Amid Lockdown: Report

Government is considering options of selling bonds to Life Insurance Corp of India or Reserve Bank of India, finance ministry sources said.

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Gold Prices Go Up As Coronavirus-Led Growth Fears Spur Safety Buying

Investors' appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months.

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Government Eases PF Rules. How To Request A Withdrawal Online

The government last week announced withdrawal of up to 75 per cent of the amount standing to member's credit in the employee provident fund (EPF) account or basic wages and dearness allowance for...

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Banks To Ensure Uninterrupted Services, Says Indian Banks' Association

The Indian Banks' Association has more than 250 members including public as well as private sector banks,co-operative banks and regional banks.

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Sensex Ends 1,375 Points Lower Amid Coronavirus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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All Banks Ensuring Branches Open, ATMs Working: Nirmala Sitharaman

All banks are ensuring that their branches are kept open, ATMs filled up & are working, Finance Minister Nirmala Sitharaman said in her tweet.

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ICICI Bank Launches Services Via WhatsApp Amid Coronavirus Lockdown. Here's How To Use

In order to initiate the services on their mobile phones, the customers will need to message Hi to the banks verified profile number

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Gold Futures Edge Lower, Defend Rs 43,200 Per 10 Grams Mark

Gold Rate Today: At 11:25 am, the gold futures contract (delivery on April 3) was down 0.67 per cent (Rs 291 per 10 grams) at Rs 43,280 per 10 grams.

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Sun Pharma Says Halol Issues Not Likely To Impact Business, Shares Rise

Sun Pharma said it continues to manufactureand distribute existing products for the US market.

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Crude Oil Futures Drop As Coronavirus Pandemic Darkens Demand Outlook

The oil markets have been slammed by demand destruction caused by the coronavirus pandemic and the Saudi Arabia-Russia price war that is flooding markets with extra supply.

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Coronavirus Crisis: IndiaNivesh Shuts Portfolio Management Business

IndiaNivesh Investment Managers became one of the first casualties of the current market meltdown in India.

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Sensex Falls Over 1,100 Points, Nifty Slips Below 8,350 Amid Virus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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Gap-Down Opening Likely For Sensex, Nifty Amid Coronavirus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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Manufacturing Recession Spreads To Services Sector: Report

The COVID-19 pandemic is unique in that it is a supply shock, a demand shock, and also a market shock and as production is curtailed around the world, many firms will not have necessary inputs, a new...

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India To Be Grow Fastest Among G20 Economies Amid Corona Impact: Report

India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed India's GDP growth forecast to 2.1 per cent from 6 per cent in the light...

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Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI

As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and...

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Enough Stock Of Petrol, Diesel, LPG Available To Last Lockdown, Says Indian Oil

The nationwide lockdown that has shut businesses, suspended flights, stopped trains and brought almost entire vehicular movement to a halt, has impacted fuel demand with petrol, diesel and aviation...

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Latest On The Spread Of The Coronavirus Around The World

Stocks across the globe fell on Friday after a historic three-day run-up, as skittish investors kept indices on track for their worst monthly and quarterly performances since 2008, while the dollar...

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State-Run Power Producers Asked To Ensure Supply Amid Virus Lockdown

The ministry has also directed the central electricity regulator to provide three months to distribution companies to make payments to power producers and halved the security deposit distribution...

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State Bank Of India Cuts Rates After RBI Move Amid Coronavirus Crisis

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate....

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World Already In Recession, Emerging Markets Need $2.5 Trillion, Says IMF

The IMF chief said the COVID-19 disease is adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

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Vistara Calls For Leave Without Pay For 3 Days For Senior Employees

Other Indian airlines have already announced their cost-cutting measures as there has been a drastic fall in revenues due to coronavirus outbreak.

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Domestic Flights Suspension Extended Till April 14 Amid Coronavirus

Aviation regulator Directorate General of Civil Aviation (DGCA) has extended the suspension of domestic flights by a fortnight till April 14.

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RBI Eases Term Loan Repayment Rules. Here's What's In It For You

The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allowborrowers to delay their loan repayments by a period of three months. The move by the regulator...

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Amazon, Flipkart Operations Being Disrupted Amid Lockdown: Report

Most of Amazon's 60 plus fulfilment centres in India were shut, with the company still in talks with state authorities to swiftly reopen warehouses.

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Sensex Breaks Three-Day Winning Run After RBI Move

The RBI cut the repo rate by 75 basis points (bps) to 4.40 per cent, and thereverse repo rate by 90 bps to 4 per cent.

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Rupee Jumps To 74 Levels Against Dollar After RBI Surprise: 10 Points

The rupee appreciated by as much as 81 paise to return to early 74 levels against the US dollar on Friday, after the Reserve Bank of India (RBI) lowered the repo rate - the key lending rate - by 75...

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Moody's Slashes India GDP Growth Forecast In 2020 To 2.5%

In its Global Macro Outlook 2020-21, Moody's said that India is likely to see a sharp fall in incomes at the estimated growth rate of 2.5 per cent, further weighing on domestic demand and pace of...

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Electricity Use Falls To Lowest In Five Months Due To Lockdown

National electricity demand fell to 2.78 billion units on March 25, the first day of the three-week total shutdown called by Prime Minister Modi.

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IndusInd Bank Crashes 27% From Day's High As Trading Volume Spikes

As many as 22.45 lakh IndusInd Bank shares changed hands on the BSE compared with an average of 15.39 lakh shares traded daily in the past two weeks.

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RBI To Infuse Rs 3.74 Lakh Crore Liquidity Into Financial System

The Reserve Bank of India (RBI) will undertake repo operation of up to Rs 1 lakh crore to infuse liquidity into the market.

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RBI Defers Loan Re-Payment By Three Months To Offset Coronavirus Impact

Commercial, regional, rural, NBFCs and small finance banks can allow 3-month moratorium on payment of all term loan EMIs outstanding on March 31

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RBI Asks Lending Firms To Allow 3-Month Delay On EMI Payments

The Reserve Bank of India has also allowed banks for deferment of interest on working capital loans for the next three months - until June 2020.

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RBI Refrains From Giving Inflation Outlook; Says GDP Projections At Risk

RBI governor said that the growth projection of 4.7 per cent for the fourth quarter of 2019-20 and 5 per cent for the whole fiscal was "at risk."

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RBI Surpassed Market Expectations: Experts On Surprise 0.75% Rate Cut

RBI slashed rates on Friday, following other central banks, in an emergency move to counter the economic fallout from a fast-spreading coronavirus.

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SpiceJet Expects A Surge In Demand As The Virus Is Contained

Which airlines are most at risk? Like the virus, the crisis is indiscriminate, affecting everyone from budget operators to national flag carriers.

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Markets Surrender Gains After RBI Cuts Repo Rate

At 11:50 am, the Sensex was trading at 29585, weaker by 344 points or 1.1 per cent and the Nifty was at 8,611, down 30 points or 0.3 per cent.

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RBI Cuts Rates To Tide Over "Disruptive" Impact of Coronavirus

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a cut of 75 basis points in the repo rate to 4.4 per cent, after an unscheduled meeting of its Monetary Policy Committee. Repo...

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RBI Governor Shaktikanta Das Highlights

The announcement came on the third day of a 21-day countrywide lockdown in India to fight the rapid spread of the coronavirus pandemic.

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Moody's Cuts India GDP Growth Forecast To 2.5% In 2020

Moody's said that at the 2020 estimated growth rate, a sharp fall in incomes in India is likely, further weighing on domestic demand and the pace of recovery in 2021.

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Coronavirus To Hit Indian Economy Hard, Amid Slowdown: Reuters Poll

India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.

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Sensex Jumps 1,150 Points, Nifty Touches 9,000 Ahead Of RBI Announcement

Equity markets elsewhere in Asia rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronavirus pandemic.

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Government Committed To Ensuring Supply Of Essential Goods: Piyush Goyal

"We are committed to ensuring that essential goods reach people in the most convenient and safest manner,"the Minister of Railways and Commerce said

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Sensex Nifty Likely To Have A Positive Opening

MSCIs broadest index of Asia-Pacific shares outside Japan rose 1.0 per cent and Japan's Nikkei stock index rose 3.65 per cent

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Global Oil Refiners To Deepen Output Cuts As Coronavirus Destroys Demand

Refiners in Asia are now losing money as domestic demand has dried up with people staying at home.

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Will Ask States To Use Rs 31,000 Crore Fund For Building Workers, Says Centre

Union Finance Minister Nirmala Sitharaman on Thursday said that the Centre will direct state governments to utilise the construction workers' welfare fund to support these workers against economic...

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Yes Bank To Raise Up To Rs 5,000 Crore After Government-Led Rescue

The government earlier this month approved a rescue plan which saw State Bank of India take a 49 per cent stake in Yes Bank.

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US Offers $58 Billion Aid To Airlines To Avert Bankruptcies

Governments stepped up efforts to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid.

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Moody's Warns Of Downgrading Tata Motors

The review is on the Ba3 corporate family rating and Ba3 senior unsecured debt rating, Moody's said in a statement.

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Coronavirus Crisis: Fitch Seeks More Difficulties For Indian Banks Ahead

The agency said Indian banking system is under-capitalised and continues to to saddled with bad loans, despite some successes.

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Rs 50-Lakh Medical Insurance Cover For Coronavirus Warriors: Government

The medical insurance cover is a part of the Rs 1.75 lakh crore package announced by the Finance Minister.

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Exchanges Cut Trading Hours For Commodity Trading Amid Coronavirus

The trading will begin at 9 am and close at 5 pm and the new timings will be effective from March 30 till April 14, the exchanges said.

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Sensex, Nifty Close Higher For Third Straight Day

Some volatility was witnessed in the last couple of hours before the expiry of monthly derivatives contracts (futures and options) by the end of the session.

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5 Big Announcements In Finance Ministers Coronavirus Relief Package

Finance Minister Nirmana Sitharaman unveiled Rs 1.7 trillion economic stimulus package to help the poor and migrants tackle the financial difficulties

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Government Provides Relief In PF Contribution, Relaxes Withdrawal Norms

Briefing the media about the measures, Finance Minister Nirmala Sitharaman said that for the next three months, the government will pay EPF contribution for both the employer and employee. However,...

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Sensex Falls Over 750 Points From Day's High, Nifty Below 8,550

Sensex rallied 1,564 points and the Nifty 50 index surpassed 8,700 mark on hopes of stimulus package for industrial sectors.

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Rs 1.7 Lakh Crore-Package For Poor Amid Lockdown: "No One Will Go Hungry"

Finance Minister Nirmala Sitharaman today announced a food security scheme to help the economically weaker sections to tide over the added challenge of lockdown and job loss during the worldwide...

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Relief Package For Workers Affected Directly By Virus: Nirmala Sitharaman

Many economists have warned of a sharp economic impact of the outbreak on India.

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Big Basket, Other Online Retailers Resume Partial Operations

There is some clarity on what is permissible during lockdown and assurances that law enforcement authorities will ensure safety of delivery staff.

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Banks Plan To Shut Down Most Branches During Lockdown: Report

The Reserve Bank of India and major lenders are considering shutting down most branches across the country to prevent tens of thousands of employees from getting infected with the coronavirus, four...

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Banking Stocks Soar Folr Second Straight Day On Stimulus Hopes

Banking stocks are seeing frenzied buying for second straight session on expectations of a stimulus package to combat economic fallout of coronavirus.

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When Will Coronavirus-Hit Global Markets Heal? 12 Charts To Monitor

Stock markets lost almost a third of value, volatility spiked, credit stress soared and a dash for dollar cash worldwide amplified the anxiety.

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India May See Quarterly GDP Contraction, First In 2 Decades: Economists

With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5 per cent

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Sensex Rises Over 700 Points, Nifty Tops 8,500; Financial, IT Stocks Jump

On Wednesday, the Sensex surged 1,861.75 points - or 6.98 per cent - to end at 28,535.78, and the Nifty settled at 8,317.85, up 516.80 points - or 6.62 per cent - from the previous close, extending...

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Sensex, Nifty Likely To Open Lower

Equities in other Asian markets edged higher, with MSCI's broadest index of Asia-Pacific shares outside Japan moving up 0.3 per cent.

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Aviation Sector Stares At Loss Of Up To $3.6 Billion Due To Travel Ban

The pandemic has had a significant impact on the aviation industry due to the stringent border controls by a host of countries.

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Indian Oil Cuts Crude Processing By 25-30% On Low Fuel Demand

Indian Oil Corp, the country's top refiner, has cut crude processing at its refineries by 25 per centto 30 per cent as local demand for refined fuel is hit following complete lockdown to curb spread...

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Flipkart To Resume E-Commerce Sales Of Essential Products

There were massive disruptions on day 1 of the 21-day lockdown as local authorities including police did not allow delivery boys to move around.

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Coronavirus Crisis: GoAir Decides To Reduce Pay Across Board

The airline had earlier said that its top management's pay will be reduced by 50 per cent during this period.

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Sensex, Nifty Log Best Day Since 2009 On $2-Trillion US Stimulus Package

Reliance Industries provided the biggest boost, closing nearly 15 per cent higher seeing its best day since mid 2009.

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Government Okays Rs 1,340 Crore Recap Of Regional Rural Banks

The Cabinet Committee on Economic Affairs on Wednesday approved the recapitalisation of regional rural banks with total outlay of Rs 1,340 crore, to improve their capital adequacy during the...

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Government Tells Banks To Ready Emergency Credit Lines For Small Businesses

With the coronavirus pandemic causing nationwide lockdown and affecting businesses, the government has decided to pitch in with its support for the corporate sector to prevent any liquidity problems...

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Rs 1.5 Lakh Crore Package May Be Unveiled To Tackle Virus Impact: Report

Government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance ministry, and RBI.

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Walmart Taps Sameer Aggarwal As CEO Of Best Price

Walmart India also said it was working towards identifying future bottlenecks, if they arise, to ensure supply chains remain intact.

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Sensex, Nifty Close 7% Higher, Extend Gains To Second Straight Day

Analysts said high volatility cannot be ruled out in the near term amid the rising number of COVID-19 cases.

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Some Ports Declare Force Majeure, Could Delay Oil Discharges: Report

The force majeure declaration could delay discharge of crude oil tankers, an Indian refining source told Reuters.

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Government Bans Export Of Key Malaria Drug Amid Coronavirus Outbreak

Government has already banned export of ventilators, sanitizers and personal protection equipment such as masks and clothing to contain the outbreak.

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Petrol, Diesel Prices Unchanged For Ninth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for ninth consecutive day on Wednesday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Flipkart Suspends Services As Lockdown Impedes Online Grocery Deliveries

Walmart Inc's Flipkart has suspended services, a notice on thee-commerce firm's website said on Wednesday, as India began a 21-day lockdown to fight the spread of the coronavirus pandemic. Prime...

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Gold Futures Jump Nearly 2% Amid Coronavirus (COVID19) Lockdown

At 11:45 pm, the gold futures contract (delivery on April 3) was up 1.57 per cent (Rs 649.00 per 10 grams) at Rs 42,028.00 per 10 grams, compared with the previous close of Rs 41,379.00 per 10 grams.

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How India's Huge Call Centre Industry Is Coping With Lockdown

the call centres and IT services firms that function as the world's back office are struggling to piece together work-from-home solutions and other business-continuity plans

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Forex Markets Shut On Wednesday For Gudhi Padwa Holiday

On Tuesday, the rupee had appreciated by 26 paise to end at 75.94 against the US dollar, gaining some ground after sinking to a lifetime closing low of 76.20 the previous day.

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Sensex Rises Over 600 Points Amid Volatile Trade

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's largest economy from the fast-spreading COVID-19 disease.

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Global Stocks Surge As Investors Place Hopes On US Stimulus

On Tuesday, MSCI's gauge of stocks across the globe rallied 8.39 per cent, the largest single-day gain since the wild swings seen during the height of the global financial crisis in October 2008.

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Sensex, Nifty Likely To Open Lower As 21-Day Lockdown Begins

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's largest economy from the fast-spreading COVID-19 disease.

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Government Readying Economic Package, Says Finance Minister

The government may come up with an economic package to prevent the COVID-19 pandemic from causing major harm to the economy. Finance minister Nirmala Sitharaman said as a first step they were...

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Ola Waives Off Lease Rentals For Driver-Partners

Under its leasing programme, Ola offers drivers an option to take a long-term lease for a car by charging a deposit and a daily rental amount between Rs 700-Rs 1,150 depending on the city and car...

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Vivaad Se Vishwas Tax Settlement Scheme Extended Till June 30

The decisions come amid the coronavirus scare and total lockdown across 30 states and Union Territories in the country.

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Monitoring Stock Market Volatility, Assures Nirmala Sitharaman

Lately, the India VIX or fear index has jumped to touch new highs on the back of the investors' concerns over the economic fallout.

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Finance Minister's Top Announcements On Relief Measures Over Coronavirus

Finance Minister Nirmala Sitharaman announced a slew of relief measures for taxpayers and businesses to aid the fight against the fast-spreading coronavirus pandemic as the country entered a second...

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Charges On Using Other Banks' ATM, Minimum Balance Waived For Three Months

Addressing a press conference on Tuesday, Finance Minister Nirmala Sitharaman announced that debit card users will not be levied any charge for the next three months if they withdraw cash from ATMs of...

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Sensex, Nifty Close 3% Higher

Gains across sectors, led by financial, consumer goods, IT and pharma stocks, backed the upmove in the markets.

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Government Raises Insolvency Threshold To Rs 1 Crore To Help Small Firms

Government will consider suspending Sections 7, 9, 10 of Insolvency and Bankruptcy Code for six months if the current economic situation continues

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Deadline For Filing I-T Returns For FY 2018-19 Extended Till 30 June

Announcing a slew of relaxation measures related to compliance and regulation, Finance Minister Nirmala Sitharaman on Tuesday said that the deadline for filing income tax returns for the financial...

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For 32 Minutes Today, Everything Was Quiet In India's Bond Market

The first signs that Indias Rs 59,25,000 crore sovereign bond market is cracking under the strain of the coronavirus pandemic showed up on Tuesday. For half an hour after trading started, nobody...

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Tax Deadlines Now June 30, Corporate Rules Eased: Centre's Corona Relief

Dozens of cities and at least 75 districts across the country entered a second day of lockdownto tackle the spread of coronavirus.

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Petrol, Diesel Prices Stagnant For Eighth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for eighth consecutive day on Tuesday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Rupee Likely To Sink Below 77 Against Dollar Soon, Say Analysts

On Tuesday, the rupee edged higher to 76.02 against the US dollar amid gains in domestic equity markets, compared with the close of76.20 against the greenback. It is down around 6 per cent so far this...

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India Needs Stimulus Plan Or It Risks Crippling Small Businesses, Say Industry Bodies

The government has acted to slow the spread of the virus which has infected 482 Indians and led to ten deaths, such as by advising people to stay home. Yet India is one of few nations to announce...

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Sensex Surges 900 Points, Nifty Reclaims 7,900 Amid Volatility

Buying in heavyweights like Infosys, Reliance Industries, Hindustan Unilever and HDFC helped Sensex and Nifty surge in noon deals.

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How Billionaires Are Responding To PM Modi's Coronavirus Lockdown Call

Reliance Industries Ltd., controlled by India's richest man Mukesh Ambani, has helped equip a hospital in Mumbai dedicated to patients of Covid-19, the disease caused by the coronavirus.

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Gold Jumps Over 1% As US Central Bank Ramps Up Support Measures

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 1.8% to 923.99 tonnes on Monday.

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Gap-Up Opening For Sensex, Nifty Amid Gains In Asian Markets

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the globe to fight the rapid spread of the coronavirus...

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Coronavirus Crisis: Airplane Makers Boeing, Airbus Take Production Hit

Moody's cut its outlook for the aerospace and defence industry to negative from stable and warned that even when markets recover, the damaged balance sheets of most airlines would hurt demand for new...

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Sensex, Nifty Likely To Open Higher After Worst Day Ever

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the globe to fight the rapid spread of the coronavirus...

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Excise On Petrol, Diesel To Go Up By Rs 8/Litre To Fund Covid-19 Fight

The Finance Ministry has proposed to raise special additional excise duty on petrol to Rs 18 per litre from present Rs 10 per litre.

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Day 1 Of Lockdown Sees Confusion Over Rules Hitting Home Deliveries

Though Ministry of Consumer Affairs had urged states to allow some e-commerce deliveries to ensure essential supplies, different state notifications created confusion and have marred operations.

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Sebi Relaxes Compliance Norms For Listed Security Issuers

The Securities and Exchange Board of India (SEBI) on Monday relaxed compliance regulations for listed entities which have listed their non-convertible debentures (NCD), commercial papers (CP),...

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Gold Futures Cool Off After Rising Over 1% Amid Coronavirus Panic

Gold Rate Today: At 4:38 pm, the gold futures contract (delivery on April 3) was down 0.18 per cent (Rs 73.00 per 10 grams) at Rs 40,285.00 per 10 grams, compared with the previous close of Rs...

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Tax-Related Task Deadline May Be Extended, Says Revenue Officials' Body

The Income-Tax Department is "proactively pursuing" with the government extension of the statutory March 31 deadline to complete important tax-related works due to the COVID-19 outbreak, an all-India...

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Government Asks Banks To Provide Liquidity Support To Corporates: Report

Banks have been asked to make available an additional 10 per centin funds over and above sanctioned working capital loans, but not exceeding Rs 200 crore per loan account as part of the emergency...

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Sensex Plummets As Lockdown Wipes Out Rs 14 Lakh Crore Of Investor Wealth

Monday's trading halt was a second within a period of seven trading sessions, as world markets continued to suffer the worst selloff since the 2008-09 global financial crisis.

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Sensex, Nifty Plummet Over 12% On Virus Fears After Trading Halt Lifted

Monday's trading halt was a second within a period of seven trading sessions, as world markets continued to suffer the worst selloff since the 2008-09 global financial crisis.

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SoftBank To Raise $41 Billion To Expand Share Buyback, Cut Debt

The share buyback will be in addition to the up to 500 billion yen buyback announced earlier this month, in the Japanese tech conglomerate's biggest ever repurchase.

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Corporates Can Spend Social Funds On Measures To Fight COVID-19

The coronavirus outbreak will be treated as a disaster, the Finance Minister said on Twitter.

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Rupee Plunges Below 76 Mark Against Dollar Amid Deepening Coronavirus Crisis

Forex traders said market participants are concerned that the sharp rise in coronavirus cases, with nearly 400 cases in the country, could weigh on the economy.

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RBI May Soon Allow Repurchase Ops In Corporate Bonds, Says Report

The RBI has pledged its readiness to take necessary action to ensure financial system stability, but for now it has refrained from cutting interest rates. Prime Minister Narendra Modi has announced...

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Fuel Prices Unchanged For Seventh Straight Day Even As Crude Prices Slide

Fuel prices across major cities remained unchanged for seventh straight day on Monday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Auto Makers Shut Plants Due To Coronavirus Scare

Automobile manufacturers across the country are shutting down manufacturing facilities to contain the spread of deadly coronavirus outbreak.

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Auto Stocks Skid As Coronavirus Lockdown Halts Production

The suspension of shipments by China in wake of the coronavirus outbreak will adversely impact the auto and auto-ancillary sectors in India

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Millions Of Retail Sector Jobs Threatened As Corona Hits Sales, Revenues

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by 75 per centso far and is likely to cause widespread job...

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Millions Of Retail Sector Jobs Threatened As Corona Hits Sales, Revenues

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by 75 per centso far and is likely to cause widespread job...

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IRCTC Hits Lower Circuit As Passenger Trains Come To A Halt

The closure of food plazas, refreshment rooms, Jan Aahars and cell kitchens across railway stations, will affect the revenues of IRCTC.

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Sensex, Nifty Extend Losses As Trading Resumes After Halt Amid Virus Fear

Trading in the domestic stock markets resumed after a 45-minute halt following a 10 per cent plunge each in benchmark indices S&P BSE Sensex and Nifty 50. The Sensex index plunged as much as 3270.13...

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Rupee Drops Below 76 Mark Against Dollar Amid Coronavirus Crisis

Foreign investors remained net sellers in Indian capital markets as they pulled out more than Rs 3,345.95 crore on Friday, market data showed.

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Sensex Opens 2,307 Points Lower, Nifty Starts Day At 7,946

Analysts say more correction may be up ahead as investors the world over assess the effectiveness of policy measures to curb the spread of the coronavirus outbreak.

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Global Stocks Crumble As More Nations Shut For Business To Curb Virus

There was little to cheer in coronavirus news as the global death toll exceeded over 14,000 with more than 300,000 infections.

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Markets Likely To Open Weak

The Nifty futures were trading at 7,738, lower by 11 per cent, on the Singaporean Exchange around 07:30 hours.

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After 12% Weekly Loss, Market Recovery To Take A Long Time: Analysts

The S&P BSE Bankex and Finance indices shed 19.47 per cent and 18.86 per cent respectively.

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Equity Markets To Stay Under Pressure As Coronavirus Spreads: Report

The key Indian equity markets -- S&P BSE Sensex and NSE Nifty50 -- might face some pressure in the coming week as investors remain on the edge regarding the economic fallout of the COVID-19, analysts...

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Jet Fuel Price Cut By 12%; Freeze On Petrol, Diesel Price Continues

Jet fuel prices were slashed by 12 per cent after oil firms reverted back to fortnightly revisions to pass on the benefit of falling crude oil prices, but rates of petrol and diesel remained unchanged...

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Hero, Fiat Shut Manufacturing Plants In View Of Coronavirus

The country's biggest two-wheeler maker Hero MotoCorp on Sunday said it has shut all operations at its manufacturers facilities until March 31 to protect its employees from the fast-spreading...

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Banks Should Declare 1-Year Moratorium on All Loans: Assocham

Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with the economic fallout of Covid-19. Accordingly, the industry...

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Cabinet Approves Schemes To Boost Electronics Manufacturing

The Cabinet approved 'production-linked incentive scheme (PLI)' scheme for promoting manufacturing of electronic components.

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Coronavirus Crisis: Railways Extends Duration Of Cancelled Tickets Refund

Railways has also increased prices of platform tickets at over 500 railway stations from Rs 10 to Rs 50 to control the huge rush at the stations.

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Government Asks Industry To Pay Salary On Time Amid Coronavirus Scare

The government has asked industry chambers to issue advisories to their corporate members asking them to pay employees salary.

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Industry Body For Rs 5,000 Cash Transfer To 20 Crore People Amid COVID-19

CII has suggested that savings from low oil prices could be channelised for additional spending required to keep the wheels of economy moving.

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Walt Disney Delays Launch Of Streaming Service In India

The launch of Disney+ through its local partner Hotstar was timed to coincide with the beginning of the Indian Premier League.

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Foreign Exchange Reserves Plunge By $5.34 Billion

On a weekly basis, foreign currency assets, the largest component of the forex reserves, fell by $3.77 billion to $447.35 billion.

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Market Regulator Sebi Tightens Norms To Limit Volatility On Coronavirus

Sebi and stock exchanges were continuously monitoring market developments and would "take any further suitable actions" as required, the regulator said.

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Amid Coronavirus Crisis, Banks Seek More Time For Bad Loan Classification

According to the current norms, an account slips into the NPA category if repayment is delayed by 90 days. India has more than 200 confirmed coronavirus cases, with several hundred people in...

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Ready To Halt Pune Plant If Coronavirus Concerns Deepen: Tata Motors

The move by Tata Motors, which owns the British luxury car brands Jaguar and Land Rover, comes as the state recorded the highest number of confirmed cases of coronavirus in India.

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RBI To Purchase Bonds Worth Rs 30,000 Crore Next Week

The purchase of government securities for an aggregate amount of Rs 30,000 crore will be made in two tranches of Rs 15,000 crore each, RBI said.

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Coronavirus: Fiscal Support On Cards For Small Businesses, Says Report

The industry is facing major disruptions in the supply chain owing to the coronavirus outbreak amid weakness in consumption demand.

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How Coronavirus Is Undermining Crop Prices, Derailing Rural Rebound

With more than 263 million farmers, the health of the country's farm sector can have a significant impact on the economy.

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Equity, Commodity Markets To Remain Open: Maharashtra Health Minister

The Maharashtra chief minister has announced that all shops and offices except those providing essential services in Mumbai would remain closed until March 31 in an attempt to restrict the spread of...

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Coronavirus Has Pushed Global Economy Into Recession: Poll

More than three-quarters of economists based in Americas and Europe polled this week, 31 of 41, said current global economic expansion already ended

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India To Top Up Strategic Oil Reserve With Cheaper Crude: Report

India has decided to take advantage of the low oil prices in major producing centres in Saudi Arabia and the UAE to top up its strategic oil reserves

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Sensex, Nifty Close Nearly 6% Higher After Four-Day Selloff

Analysts say investors the world over are weighing the fast-spreading coronavirus pandemic against the policy measures being announced to fight its impact on business.

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Traders To Down Shutters On Sunday Due To Janata Curfew: Trade Body

"On the clarion call of Prime Minister Narendra Modi, 7 crore traders across the country will down their shutters on Sunday, March 22, to participate in Janata Curfew. About 40 crore employees of...

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Government Plans Tighter Controls Under New E-Commerce Policy: Report

The new policy will be the government's latest effort to tighten control over e-commerce and is likely to raise compliance worries for top firms such as Amazon and Walmart's Flipkart.

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Sensex, Nifty Take Breather From Coronavirus-Fueled Selloff

The rupee, which sank to a new all-time low of 75.3525 against the dollar on Thursday, was last weaker by 0.25 per cent.

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Rupee Gains By 34 Paise To 74.78 Against Dollar

According to the health ministry, the number of coronavirus cases in India increased to 195 on Friday.

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Sensex Rises Over 300 Points, Nifty Above 8,300 Amid Fluctuations

The S&P BSE Sensex index has swung in a range of almost 1000 points between an intra-day low of 27932.67 and high of 28261.63

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Coronavirus Impact: Fitch Cuts India Growth Forecast To 5.1% For FY'21

Fitch had in December 2019 projected India's growth at 5.6 per cent for 2020-21 and 6.5 per cent in the following year.

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Coronavirus Crisis: Fitch Lowers 2020-21 India Growth Forecast To 5.1%

Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained.

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U.S. Crude Climbs After White House Comments On Saudi-Russia Dispute

U.S crude oil prices edged up as U.S. President Trump hinted that he may intervene in price war between Saudi Arabia and Russia at "appropriate time."

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Sensex Rises Over 350 Points Amid Cautious Gains In Global Markets

PM Modi said on Thursday announced a COVID-19 Economic Response Task Force to deal with the economic fallout of the coronavirus pandemic.

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Wall Street Posts Cautious Gains After Steep Losses On Coronavirus

The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function.

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Sensex, Nifty Likely To Open Higher Amid Cautious Gains In Global Markets

The S&P BSE Sensex index and the broader NSE Nifty 50 benchmark had declined for four sessions in a row. On Thursday, the Sensex ended a volatile session 581.28 points - or 2.01 per cent - lower at...

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Task Force To Be Setup To Review Economic Fallout Of COVID-19: PM Modi

Prime Minister Narendra Modi while addressing the nation on Thursday on the fast spreading coronavirus said that the task force under the leadership of Finance Minister will be set up to check the...

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Airline Industry Crisis Deepens As Coronavirus Pain Spreads

Crisis for airlines deepened on as Lufthansa warned the industry might not survive without state aid if the coronavirus pandemic lasts a long time.

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Airlines Need Up To $200 Billion In Emergency Aid, Says IATA

Up to $200 billion is needed to rescue the world''s airlines during the coronavirus crisis, the global aviation association said Thursday, appealing especially to African and Middle Eastern countries...

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Coronavirus Scare: Companies Get 45-Day Relaxation For Filing Earnings

Markets regulator Sebi announced a one-month extension to companies for filingearnings for financial year 2019-20.

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SpiceJet ''Forced'' To Suspend Most International Flights Till April-End

Major airlines across the world have been curtailing their flight operations drastically as the aviation industry has been hit hard after many countries, including India, have partially sealed their...

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RBI Extends Rs 60,000 Crore Credit Line To Yes Bank

To tide over liquidity issue, the Reserve Bank of India (RBI) has extended Rs 60,000-crore credit line to Yes Bank so that it meets obligation of depositors, sources said. This is in line with...

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Sensex, Nifty Extend Losses To Fourth Day As Virus Fears Prevail

Analysts say caution prevailed as investors still gauged whether a slew of measures deployed by policymakers around the world to control the fast-spreading coronavirus were enough to prevent a...

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Cash Is King As Emergency Stimulus Fails To Stop Market Panic

The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, Japan, the United States and Australia failed to halt a fresh wave of panic selling....

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Coronavirus Crisis: IndiGo Announces Pay Cut For Senior Employees

The IndiGo CEO said he would himself take a pay cut of 25 per cent amid the novel coronavirus pandemic that has hit the aviation industry hard.

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Government May Again Hike Excise Duty On Petrol, Diesel: Report

On Saturday, the government had raised excise duty on petrol and diesel by Rs 3 per litre that would provide it additional revenue to the turn of Rs 45,000 crore in one full year.

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Gold Futures Hover Near Rs 39,800 Per 10 Grams Amid Coronavirus Fear

At 1:20 pm, gold futures were up 0.19 per cent at Rs 39,800 per 10 grams, compared with the previous close of Rs 39,723 per 10 grams.

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Yes Bank Slides 10% In Afternoon Trade Day After Lifting Of Moratorium

A day after the moratorium imposed on Yes Bank by Reserve Bank of India (RBI) got lifted, the private lender's shares witnessed a downturn in Thursday's afternoon trade. At 1:30 pm, the bank's scrip...

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Foreigners Turn Net Sellers Of Asian Bonds In February On Virus Fears

Foreigners sold a net $3.88 billion worth of regional bonds last month, their largest net selling since April 2018.

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Petrol, Diesel Prices Remain Unchanged For Third Straight Day

Petrol and diesel prices across major cities of the country remained unchanged for the third consecutive day on Thursday even as global crude oil prices slumped to multi-year lows as a result of price...

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IndusInd Bank Down 4% In Afternoon Trade After Paring Some Losses

Private lender IndusInd Bank witnessed another day of significant losses in the markets as its shares nosedived sharply soon after trading commenced on Thursday. The bank however trimmed some of its...

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India Considers Easier Loan, Tax Rules To Help Economy Vs Virus

Prime Minister Narendra Modi's administration is under pressure to shield the $2.7 trillion economy from the impact of the virus outbreak

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Rupee Breaches 74.50 Mark To New Record Low Against Dollar

Investors fretted over the sharp rise in coronavirus cases in the country and its impact on the economy, say analysts.

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Opinion: Coronavirus Risks This Sector In India Worth Rs 2 Lakh Crore

Shutdowns will impair ability of gig-economy workers to repay loans of Rs 2.1 trillion, putting the world's largest microfinance industry at risk

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Gap-Down Opening For Sensex As Virus Continues To Batter Global Markets

On Wednesday, the S&P BSE Sensex index had shed 1,709.58 points - or 5.59 per cent - to end at 28,869.51 and the broader NSE Nifty 50 benchmark settled at 8,468.80, down 498.25 points - or 5.56 per...

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Oil Rockets Nearly 20% As Investors Hail Coronavirus Stimulus Spending - For Now

Brent crude was up $2.10, or 8 per cent, at $26.98 a barrel by 0028 GMT after tumbling 13 per cent on Wednesday in a third day of relentless selling

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Wall Street Slumps Again As Fears Continue To Spiral, Dow All But Erases 'Trump-Bump'

The benchmark S&P 500 index ended down 5.2%, though it pared losses late in the day as the U.S. Senate passed legislation to provide billions of dollars

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Sensex, Nifty Likely To Open Sharply Lower

On Wednesday, the S&P BSE Sensex index had shed 1,709.58 points - or 5.59 per cent - to end at 28,869.51 and the broader NSE Nifty 50 benchmark settled at 8,468.80, down 498.25 points - or 5.56 per...

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Airlines May Ground 150 Planes, Stare At Losses On Corona Impact: Report

All Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shock from the coronavirus pandemic will be "far deeper and much...

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RBI To Buy Government Bonds In Open Markets To Boost Liquidity

Spreads between government bonds and corporate bonds have risen in recent days because of the extreme risk aversion.

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Banks Shelve Fundraising As Coronavirus Derails Markets: Report

Two PSU banks that were aiming to raise funds to meet growth targets and build up capital for regulatory requirements have shelved their plans.

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Yes Bank Resumes Operations As Moratorium Ends

Yes Bank on Wednesday resumed its services as the moratorium imposed on it by the Reserve Bank of India (RBI) was lifted at 6 pm.

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Entrepreneurs Write to PM, Suggest 2-3 Week Lockdown

In a presentation prepared by the venture capitalists and founders of 51 startups and businesses, including Abhiraj Singh Bhal, the co-founder of Urban Company, formerly Urban Clap, Kunal Shah...

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Emirates Asks Pilots to Take Unpaid Leave, Qatar Airway Lays off Staff

Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as the coronavirus outbreak hammers demand for travel. The...

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Government, RBI Mull Relaxing Bad Loan Rules For Virus Hit Sector: Report

The government is discussing increasing timeline by 30-60 days to classify a loan as a bad loan, the source said.

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Sensex, Nifty Crash 15% In Three Trading Sessions On Coronavirus Fears

The Nifty has nosedived as much as 1,548 points or 15.55 per cent and the Sensex has sunk 16 per cent or 5,490 points.

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Brent Crude Slumps To 4-Year Low As Corona, Price War Spook Oil Markets

Oil prices fell for a third session on Wednesday with UScrude futures tumbling to a 17-year low as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus...

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Petrol, Diesel Prices Remain Unchanged For Second Consecutive Day

Petrol and diesel prices across major cities of the country remained unchanged for the second consecutive day on Wednesdayeven as global crude oil prices slumped to multi-year lows as a result of...

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Gold Rate Today: Gold Futures Drop Over 2% To Rs 39,354 Per 10 Grams

According to Mumbai-based industry body IBJA or India Bullion and Jewellers Association, the indicative selling price of gold jewellery stood at Rs 40,750 per 10 grams (excluding GST) in the first...

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Yes Bank Set To Extend Gains To Day 4 As Lender Set To Resume Operations

In Mumbai,Yes Bank shares were top gainers on the Nifty 50, jumping nearly 50% and gaining for the fourth straight day.

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IndusInd Bank Stock Crashes Over 25%, Bank Denies Market Rumours

At 1.00 pm, the stock was trading at Rs 429, lower by 29 per cent, on the BSE. The shares hit an intra-day high of Rs 638 and a low of Rs 382 thus far.

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Sensex Crashes Over 1,300, Nifty Drops Below 8,550

The S&P BSE Sensex and NSE Nifty 50 indexes crashed in noon trading as private sector banking shares witnessed sharp selling pressure.

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Indian Industry Welcomes Rishi Sunak's Coronavirus Action Plan

The Indian industry in the UK has welcomed the -unprecedented- rescue package unveiled by Britain''s Indian-origin Finance Minister Rishi Sunak to help businesses in Britain combat the impact of the...

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Telecom Stocks Trade Mixed After Supreme Court Refuses Relief On AGR Dues

The Supreme Court, in a big setback for telecom companies, dismissed Centre's plea to review its order asking telecom firms to immediately clear dues

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S&P Lowers India's Growth Prospects To 5.2% In 2020

S&P Global Ratings said, "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent."

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Sensex, Nifty Turn Negative Amid Choppy Trade

Selling in banking, financial services and automobile shares pulled the markets lower, however gains in IT and pharmaceutical stocks curbed the fall.

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Sensex, Nifty Open Higher

The Trump administration proposed a $850 billion stimulus package to support the economy, battered by the coronavirus, and also considered sending Americans $1,000 checks within two weeks.

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US Shares Rebound As Central Bank Boosts Liquidity To Fight Virus Effect

On Tuesday, the Trump administration pursued an $850 billion stimulus package to buttress the economy and mulled sending Americans $1,000 checks within two weeks.

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Auto Companies Seek Supreme Court Permission To Sell Old Vehicles Past Deadline

The Supreme Court in October 2018 had said that all vehicles sold in the country after March 31, 2020 would need to adhere to stricter emission norms

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Sensex, Nifty Likely To Open On Positive Note Today

At 8:12 am, the SGX Nifty futures traded 128.25 points - or 1.44 per cent - higher at 9,028.25.

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Salesforce Hires Ex-SBI Boss Arundhati Bhattacharya As India CEO: Report

Ms Bhattacharya, 64, will be based in Mumbai and will join in April, the source added. She is currently chairman of SWIFT India, part of a global payments network.

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Rupee Closes At 74.24 Against US Dollar, Wipes Off Almost All Early Gains

The rupee on Tuesday closed after wiping out almost all gains it made against the US dollar in the morning as the equity indices also witnessed a sharp downturn in the evening after a third case of...

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Oil Sinks Below $30, May Fall Further As Recession Fears Weigh

Oil fell below $30 a barrel on Tuesday to its lowest since 2016 as the coronavirus pandemic hits economic growth and oil demand while Saudi Arabia and Russia battle for market share. Countries...

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Global Stocks Shaky After Worst Crash Since 'Black Monday'

Data showed German investor morale at lows last seen in the 2008 financial crisis, and rating agency S&P Global warned the inevitable global recession.

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Banks To Appeal For Relief On Bad Loans Amid Coronavirus Concerns: Report

The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at banks and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt...

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Government Halts Key Policy Plans As Revenues Shrink: Report

The income tax revenues contracted 3.5 per cent in the first 11 months of the current fiscal year, which began in April 2019.

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Arcelor Mittal Signs Deal to Suspend Plans to Exit Ilva Steelworks

ArcelorMittalsaid on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled...

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Will Not Sell Any Share In Yes Bank For Next 3 Years, Says SBI Chairman

Rajnish Kumar on Tuesday said that although he cannot talk about other banks, regarding SBI, "not even a single share will be sold in three years".

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Yes Bank Withdrawal Cap To Be Lifted Tomorrow: All You Need To Know

The moratorium on crisis-ridden private lender Yes Bank, including a withdrawal limit of Rs 50,000 will be lifted at 6 pm on Wednesday. In a tweet on Monday, Yes Bank said:"Visit any of our 1,132...

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Rupee Sheds Early Advances Against US Dollar In Afternoon Trade

Earlier, in the morning, the currency had opened at74.14 and had advanced to an intra-day high of73.86, tracking initial gains in the equity markets.The local currency on Monday plunged 50 paise to...

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Sensex Plunges Over 900 Points, Nifty Below 9,000; Financial Stocks Drag

Banking and financial services stocks were the worst hit.

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Yes Bank Skyrockets On Moody's Ratings Upgrade

At 1.00 pm, the shares were trading at Rs 58, stronger by Rs 21 or 58 per cent, on the BSE amid a 1.3 per cent rise in the BSE Sensex

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Scramble To Tackle 'Invisible Enemy' As Virus Causes Historic Market Drop

Coronavirus fears led to a historic drop in US stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the...

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Petrol, Diesel Prices Remain Unchanged Across Major Cities

According to the official website of Indian Oil Corporation, on Tuesday, in Delhi, a litre of petrol is priced at Rs 69.59 per litre and diesel at Rs 62.29 per litre. In Mumbai, petrol is selling at...

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Sensex, Nifty Clock Cautious Gains As Coronavirus Pummels Global Markets

Domestic stock markets bounced back from intraday lows on Tuesday amid a mixed trend in Asian peers, as investors nibbled at securities at lower levels. TheS&P BSE Sensex index swung more than 1,300...

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Gold Futures Trim Losses, Near Rs 39,250 As Equities Post Cautious Gains

Analysts said gold prices are taking a breather as weakness in equities worldwide amid concerns about the coronavirus pandemic pushed investors to safer assets such as the yellow metal. Typically,...

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Sensex Falls Over 400 Points, Nifty Near 9,000 Amid Volatile Trade

On Monday, the Sensex had ended 2,713.41 points - or 7.96 per cent - lower at 31,390.07, and the Nifty settled at 9,197.40, down 757.80 points - or 7.61 per cent - from the previous close.

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Crude Oil Price Jump By $1 A Barrel Amid Volatility

Amid heavy demand loss from the global spread of the virus that causes COVID-19, Saudi Arabia and Russia started a price war after failing to agree to extend their pact to cut output.

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Asian Stocks Slide After Historic Wall Street Plunge On Persistent Coronavirus Fears

U.S. stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous spread of the flu-like virus.

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Sensex, Nifty Likely To Open On A Cautious Note

US stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous spread of the flu-like virus.

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Coronavirus Scare: Amazon To Hire 1,00,000 Workers As Online Orders Surge

The coronavirus, which has led to more than 7,100 deaths globally and prompted mass lockdowns of people, has also led to items being out of stock on Amazon and some deliveries taking longer than...

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Ready to Ensure that Covid-19 Effects Are Mitigated: RBI Governor

According to estimates, the coronavirus could shave off 0.4 per cent to 1.5 per cent of global growth. India isn't immune to the impact of coronavirus, the RBI Governor admitted. Covid could impact...

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Coronavirus Pandemic Can Affect Economic Activity In India: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the coronavirus pandemic can affect the economic activity in the country. Addressing a press conference amid the coronavirus...

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Will Use Policy Space At Appropriate Time: RBI Governor Shaktikanta Das On Interest Rates

"RBI has several instruments at its command and stands ready to make sure effects of Covid are mitigated," The RBI Governor emphasized.

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Rupee Plunges To 74.29 Against US Dollar Amid Foreign Flow Outflows

Forex traders told news agency PTI that investors are on tenterhooks amid mounting fears of a coronavirus-led economic slowdown, even after the Reserve Bank stepped in to maintain sufficient liquidity...

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Yes Bank Depositors' Money Is Safe: Shaktikanta Das

He also said that the central bank will provide Yes Bank with more liquidity if required.

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Sensex, Nifty Close 8% Lower Amid Global Selloff, Virus Scare

Analysts say domestic fundamentals took a back seat as the coronavirus pandemic continued to spook the global markets.

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RBI Governor To Hold Press Conference At 4 PM Amid Covid-19 Panic

There are speculations that Mr Das may announce a rate cut.If it happens, this will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016.

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Yes Bank To Resume Full Banking Services From Wednesday

The development comes as a group of lenders led by the country's largest bank, State Bank of India (SBI), has committed to pick stake in Yes Bank as part of a government-backed rescue plan for the...

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Retail Sector In India Reels Under Coronavirus Concerns

The closure of malls and multiplexes across top cities by state governments has caused the organised retail scene to come to a grinding halt

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Vodafone Idea Pays Additional Rs 3,354 Crore To Telecom Department

The payment comes a day before the Supreme Court is expected to hear the modification plea filed by the telco and other operators.

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Yes Bank Bucks Trend, Shares Rise 47% As Rescue Plan Underway

The bank has received investment commitments of Rs 10,000 crore from the SBI and seven other private sector banks. This fund infusion signals a show of confidence by some of India's largets financial...

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Wholesale Inflation At 2.26% In February

Wholesale inflation came in at 2.26 per cent in February, government data showed on Monday.

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Weak Listing For SBI Cards; Shares Fall 12% At Debut

The IPO opened at a discount of Rs 94 or 12.4 per cent at Rs 661 as the worsening scenario on coronavirus continues to batter the markets.

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Sensex, Nifty Fall In Early Trade

MSCI's index of Asia-Pacific shares outside Japan fell 0.5 per cent, to a level not seen since early 2017.

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Sensex, Nifty Likely To Open Sharply Lower Today; Yes Bank In Focus

On Friday, the Sensex had ended 1,325.34 points - or 4.04 per cent - higher at 34,103.48 and the Nifty settled at 9,955.20, up 365.05 points - or 3.81 per cent - from the previous close.

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US Federal Reserve Slashes Rates, Global Central Banks Coordinate To Cushion Coronavirus Blow

Fed slashed interest rates to near zero, pledging billions of dollars in asset purchases and backstopping foreign authorities with cheap financing

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New Security-Related Rules For Debit And Credit Cards To Kick In From Monday

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions,...

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Yes Bank Allots Shares To SBI, 7 Private Banks

Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to...

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Petrol, Diesel Prices Cut A Day After Excise Duty Hike

Industry sources quoted by news agency PTI said the reduction in rates would have been higher but for the Rs 3 per litre increase in excise duty effected on Saturday. Oil companies, they said, had...

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Yes Bank Reports Rs 18,564-Crore Loss For December Quarter

Yes Bank reported on Saturday a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink. ...

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GST Council Hikes Rates On Mobile Phones from 12% To 18%

Among other decisions, the council rationalised the GST rates on handmade and machine-made matchsticks to 12 per cent

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Domestic Air Traffic May Decline 15-20% On Coronavirus Scare: Hardeep Singh Puri

Hardeep Singh Puri exuded confidence that India would be in a position to take advantage of opportunities that may arise from the global challenge.

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Relief For Yes Bank Customers As Withdrawal Limit To End On Wednesday

The moratorium on withdrawals from Yes Bank will be lifted on Wednesday evening after the government notified the restructuring scheme proposed by RBI

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Petrol, Diesel Prices May Rise As Duty Hiked By Rs 3 Per Litre

the retail price of the two petroleum products will thus increase by Rs 3-4 per litre, depending on the taxation structure in different states.

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India's Forex Reserves Rise $5.69 Billion

As per RBI's weekly statistical supplement, overall forex reserves rose to $487.23 billion from $481.54 billion reported in week ended February 28.

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Airport Authority To Raise $300 Million Through External Commercial Borrowings

AAI Chairman Arvind Singh said the ECBs would help the authority in its plans to double the current passenger handling capacity of 345 million passengers per annum

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RBI Can Look Into Rate Cut: Chief Economic Adviser

Krishnamurthy Subramanian said that the retail inflation data which was released on Thursday was lower and the core inflation would drop further.

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Indian Stocks Rebound Sharply, But Suffer Worst Week Since 2009

Indexes swung wildly after trading resumed following a 45-minute halt, before staging the third biggest intra-day recovery in Indian market history.

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With Rs 1,000 Crore, ICICI Bank To Own 5% Of Yes Bank

ICICI said it will buy 100 crore shares of Yes Bank at Rs 10 per share and hold about a 5 per cent stake.

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Cabinet Clears Bailout Plan For Yes Bank: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest...

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Dearness Allowance For Central Government Employees Increased To 21%

The move by is likely to benefit 48 lakh employees and 65 lakh pensioners, Mr Javadekar said.

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Cabinet Clears Bailout Plan For Yes Bank: Nirmala Sitharaman

The Finance Minister's comments came on a day the stock markets recovered after a 10 per cent plunge in benchmark indices triggered the lower circuit - and led to a 45-minute halt in trading - for th...

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Sensex Closes 1,325 Points Higher After Hitting Lower Circuit

Sensex rallied as much as 5,380 points or 18.3 per cent and Nifty surged a whopping 18.75 per cent or 1,604 points from the day's lowest level.

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Rupee Recovers After Hitting New Record Low Of 74.50 Against Dollar

The rupee recovered to as high as 73.92 against the US dollar, regaining strength after dropping below 74.48 to register a new record low of 74.50. A sharp rebound in equity markets after a 10 per...

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Coronavirus Scare: Oil Market Set For Record Surplus, Says Goldman Sachs

The jump in inventories could force some inland high-cost producers to shut production, since storage logistics may be stretched, Goldman Sachs analysts said.

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Sensex Rebounds 5,000 Points From Day's Low, Nifty Tops 10,000

The S&P BSE Sensex and NSE Nifty 50 indexes recovered intraday losses as trading resumed after being briefly halted as the benchmarks nosedived 10 per cent in opening deals triggering in circuit...

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Bourses Have Robust Risk Management Framework, Says Sebi

Sebi's statement came hours within the markets resumed trading after a 10 per cent fall in benchmark indices triggered the lower circuit.

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Market Fall Significantly Lower Than Global Peers, Says Regulator Sebi

Market Fall Significantly Lower Than Global Peers, Says Regulator Sebi

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Government Extends Deadline To Bid For Air India Till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline.

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Government May Dip Into Record Forex Reserves To Fight Coronavirus

The Reserve Bank of India wants to keep the rupee stable, and will continue using long-term repurchase operations and other liquidity tools, an official said.

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World's Richest 500 Lost $331 Billion In A Day In Record Market Dive

The world's 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Bloomberg Billionaires Index.

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Three Signs That The Battered Rupee Is In For More Pain

Expected swings in the rupee near term are also signaling potential for more declines.

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Sensex, Nifty Trim Losses As Markets Resume Trading After 45-Minute Halt

Amid another day of mayhem in the domestic markets, the S&P BSE Sensex index recovered2,057.54 points from its day's lowest level of 29,388.97 to touch 31,446.51, trimming losses as the trading...

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Rupee Hits Record Low Of 74.50 Against Dollar Amid Coronavirus Scare

Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level.

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Trading Halted For 45 Minutes, Sensex Down 3,091 Points; Nifty below 9,000

In yet another day of mayhem in the domestic markets, trading was halted for 45 minutes shortly after the opening on Friday as the benchmark indices nosedived 10 per cent each, triggering the circuit...

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Crude Oil Falls For Third Straight Day, Set For Worst Week Since 1991

Oil prices were also impacted by record declines in equity markets with Japan's Nikkei 225 falling by 10 per cent on Friday after US markets fell by the most since Black Monday in 1987 on Thursday.

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US Markets Fall 10%, Worst Day Since 1987 Amid Coronavirus Fear

A 16-day drop of almost 27% in the S&P 500 has left portfolios in tatters. The suspension of professional sports games, cancelled conventions and half-empty restaurants has raised fears - not about...

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Global Markets Suffer Record Meltdown As Global Coronavirus Alarm Grows

Travellers in Europe rushed to board flights to the United States after US President Donald Trump imposed sweeping restrictions on travel from the continent, a decision that angered leaders there.

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Sensex, Nifty Set For Another Day Of Mayhem Amid Coronavirus Fear

On Thursday, the S&P BSE Sensex index had declined 2,919.26 points - 8.18 per cent - to end at 9,590.15, and the broader NSE Nifty benchmark fallen 868.25 points - or 8.30 per cent - to settle at...

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US Markets Crash Again As Dow Plunges 1,700 Points In Early Trade

Trading in US markets was halted for the second time this week after Dow Jones Industrial Average Index slipped 1,700 points in early trade on Thursday.USequities plunged 7 per cent, triggering a NYSE...

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Current Account Deficit Shrinks Sharply In October-December Quarter

India's current account deficit (CAD) narrowed further in the final quarter of 2019 on the back of a contraction in the trade deficit and rise in net services receipts, the central bank said on...

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Tourist Industry Sees Crisis Looming From Coronavirus Visa Ban

Government and industry sources said on Thursday they expected economic growth to slide for at least two quarters.

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Lower Food Prices Led To Easing Of February Inflation, Say Experts

Retail inflation came at 6.58 per centin February, government data showed on Thursday, lower than the 6.80 per centforecast in a Reuters poll of analysts. Data also showed that the country's...

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Industrial Output Rises 2% In January

Cumulative growth in April-January over the corresponding period of the previous year was 0.5 per cent, the data showed.

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World Economy Powering Down Daily Makes Recession More Likely

The biggest economic shock since the 2008 financial crisis is raising the risk of a worldwide recession.

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Oil Falls 7% as Trump Surprises With Travel Ban

Oil prices fell on Thursday following surprise travel restrictions imposed by USPresident Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the...

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Consumer Inflation At 6.58% In February

Analysts expect a further deceleration in Asia's third largest economy as the coronavirus pandemic looms over world economy.

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Rs 11 Lakh Crore Investor Wealth Destroyed In Worst Day For Markets

S&P BSE Sensex dropped as much as 8.97 per cent or 3,204 points to 32,493 - its lowest in 23 months.

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RBI Asks States Not to Move Deposits Out Of Private Banks

The development comes after on Wednesday, news agency IANS reported that the Maharashtra Government has decided to shut down one of its accounts in private lender Axis Bank, in the wake of crisis in...

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Indian Stocks Fall To Worst Day Since 2008 As Pandemic Fuels Growth Fears

Top private-sector lender HDFC Bank Ltd caused the biggest damage to the indexes, diving 8.3 per cent to its lowest close in more than a year.

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SBI To Buy Rs 7,250-Crore Stake In Yes Bank

The country's largest lender State Bank of India (SBI) on Thursday said that the lender's board has approved ofpurchase of 725 crore shares in Yes Bank Ltdat a price of Rs 10 per share. The...

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Sensex Ends 2,919 Points Lower, Nifty Settles At 9,590

The slump in domestic markets markets came on the back of losses globally as investors around the world anticipated the COVID-19 pandemic will lead the global economy into recession, say analysts.

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Airlines Hit As Government Suspends Inbound Visas To Stem Coronavirus

Airline share prices tumbled on Thursday after the government moved to restrict travel into the country in an effort to stem the spread of coronavirus, prompting massive ticket discounting in an...

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RBI Eyeing Liquidity-Boosting Steps To Soothe Markets: Report

"The RBI will look to push more liquidity in the market and ease repayment issues to sectors that have been disrupted by supply chains being broken down," the official said.

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Here Is All You Need To Know About Yes Bank's Additional Tier 1 Bonds

At least 100 retail investors and few hundred companies have lost Rs 10,000 crore invested in Yes Bank's Additional Tier 1 (AT-1) bonds.

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Reliance Industries Buys Extra Saudi Arabia Oil For April Loading: Report

State-run Saudi Aramco, the world's top oil exporter, has slashed its selling price for April and announced plans to raise output to a record 12.3 million barrels per day (bpd).

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Sensex Crashes Over 2,400 Points, Nifty Breaks Below 9,700

The S&P BSE Sensex and NSE Nifty 50 indexes crashed on Thursday mirroring losses in global markets after the World Health Organisation declared the deadly Coronavirus as pandemic.

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Rupee Falls By 82 Paise To 74.50 Against Dollar

Domestic stock markets nosedived to a 30-month low as the benchmark index Nifty 50 slid below the 10,000 mark tracking global markets.

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Nifty Below 10,000 For First Time Since March 2018 Amid Global Selloff

Analysts had already been gauging the chances of major economies entering recession in the past few weeks due to the fast-spreading coronavirus outbreak.

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Sensex, Nifty Likely To Open Sharply Lower Amid Global Selloff Over Virus

Analysts had already been gauging the chances of major economies entering recession in the past few weeks due to the fast-spreading coronavirus outbreak.

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Coronavirus: Global Stocks Plunge After US Bans Travel From Europe

MSCI's broadest index of Asia-Pacific shares outside Japan lost 4.1% to its lowest level since early 2019, while Japan's Nikkei dropped 5.3%.

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Crude Oil Drops Nearly 4% As US Bans Travel From Europe Over Virus Scare

The threat of a flood of cheap supply compounded market concerns as Saudi Arabia promised to raise oil output to a record high in a standoff with Russia.

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RBL Bank Says It Is Well Capitalised, Concerns 'Misplaced'

RBL Bank on Wednesday said that prevailing concerns around the bank are "misplaced and motivated" and based on "misinformation".

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SBI Waves Average Monthly Balance Requirement For All Savings Accounts

SBI on Wednesday announced waving maintenance of average monthly balance (AMB) requirement for all savings bank account holders.

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SBI Cards IPO Allotment To Be Done By 13 March

The much anticipated SBI Cards and Payments Services IPO will undergo allotment ofshares to successful applicants in their Demat accountsby 13 March, according to the listing's tentative dates. For...

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Deal With Bondholders 'In Process', Says Yes Bank Administrator

Under the terms of rescue plan, set out earlier this month, the State Bank of India would take a 49 per cent stake in Yes Bank.

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Sensex, Nifty End Volatile Session On A Flat Note

Gains in Reliance Industries, ICICI Bank and HDFC Bank were offset with losses in Infosys, SBI, IndusInd Bank and Tata Consultancy Services.

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State Bank Of India (SBI) Cuts Home, Car Loan, Fixed Deposit Rates

Last month, the RBI maintained the status quo on monetary policy amid high inflation, in line with economists' expectations.

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Vehicle Production May Be Critically Hampered Due To Virus: Industry Body

Indian auto industry had already maintained an inventory in the beginning of the year in anticipation of the Chinese New Year holiday but with the current lockdown in China, supply for BS-VI vehicles...

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Mahindra Starts Assembling Vehicles in Kenya's Mombasa

Automaker Mahindra & Mahindrahas started assembling two of its small commercial trucks in Kenya, it said on Monday, becoming the latest global carmaker to start operations in East Africa's richest...

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Infosys, Qualcomm Join Hands For Smart City Solutions

The programme connects cities, municipalities, state-run agencies and enterprise with Qualcomm Technologies' ecosystem to help deliver efficiencies, cost savings and access to solutions for smart...

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Jet Airways' Committee Of Creditors To Meet On Thursday

It is unlikely that Jet Airways will fly again as none of the 3 suitors, which had expressed interest, submitted a resolution plan by the deadline.

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Mukesh Ambani No Longer Asia's Richest: Report

According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma has toppled Mukesh Ambani to get the top spot in Asia.

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Cheaper Air Tickets May Soon Make Comeback. Here's Why

Another feature of airfare trend this time is that on some popular domestic routes, there has been 20-25 per cent decrease in last minute fares on account of falling oil prices.

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Sensex Rebounds More Than 350 Points; Reliance Industries Rises 4%

Heavyweight Reliance Industries rebounded 4.1 per cent to Rs 1,159 on the BSE, after the stock suffered its biggest single-day fall in at least 10 years on Monday

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Coronavirus Crisis: Bank Of England Cuts Key Rate By Half A Per Cent

The Bank of England (BoE) maintained its target for government bond purchases to 435 billion pounds and its corporate bond purchase target to 10 billion pounds.

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Petrol, Diesel Rates Unchanged. Here's How Much You Pay Today

Currently, petrol and diesel rates vary in different parts of the country, depending on factors such as taxes and transportation cost.

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How To Receive Latest Petrol And Diesel Prices On Mobile

Petrol, Diesel Price Today: Currently, the prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis, and any revisions are implemented at fuel...

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RIL Surges 6%, Rebounds From Worst Fall In At Least 10 Years

Reliance Industries shares surged as much as 5.86 per cent to hit an intraday high of Rs 1,178.40 on the BSE as the Mukesh Ambani-led firm rebounded from worst single-day fall in at last 10 years in...

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Banks Could Lose Billions Of Dollars In Fee-Based Revenues

Major banks are facing increased regulatory pressure and growing competition from new entrants offering no-fee services, Accenture said on Wednesday.

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Sensex, Nifty Struggle To Stay Positive Amid Volatile Trade

Domestic stock markets gave up most of early gains amid volatile trade on Wednesday, as they resumed trading after a day's holiday. The S&P BSE Sensex index rose as much as 308.15 points to touch...

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Sensex Rises Over 300 Points As Markets Recover Early Losses

Many analysts say investors need to remain on guard for further market volatility, because the coronavirus still poses a risk to public health in many countries, which could place additional strains...

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Sensex, Nifty Likely To Open Lower After A Day's Holiday

Many analysts say investors need to remain on guard for further market volatility, because the coronavirus still poses a risk to public health in many countries, which could place additional strains...

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Tata Steel Europe To Cut 1,250 Jobs In Turnaround Push

"Our financial situation is serious and there's an urgent priority to improve the performance of the business and our cash position," CEO Henrik Adam said.

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Crude Oil Price Up Nearly 4%, Rises For Second Straight Day

Brent crude futures rose $1.44, or 3.9%, to $38.66 a barrel by 0226 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.12, or 3.3%, to $35.48 a barrel, following a jump of over 8% the...

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A Day After Rout, Wall Street Buoyed On Stimulus Hopes

Wall Street rebounded on Tuesday as investors pinned their hopes on policy easing by major central banks and governments after global markets plummeted in the previous session on fears of a...

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Global Stock, Oil Markets Bounce Back After Monday Mayhem

Oil and equity markets staged solid rebounds on Tuesday after the previous day's pummelling, with signs of co-ordinated action by the world's biggest economies to cushion the economic impact of...

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India's Thermal Coal Imports Rise 12.6% In 2019

India's thermal coal imports rose 12.6 per centto nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the second straight year of growth in shipments of the fuel...

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Foreign Investors Set To Turn Net Sellers In Equity Markets This Month

Tracking a global selloff as investors the world over assess the severity of the spread of the coronavirus (COVID-19) pandemic and whether the outbreak will push major economies into recession,...

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Foreigners Sell $9-Billion Asian Equities So Far In March

Overseas investors have sold a net $9 billion worth of regional equities so far in March, after offloading $5.6 billion last month, data from stock exchanges in India, Indonesia, Philippines, South...

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Gold Pares Gains After Surging Over 1% As Coronavirus Spooks Equities

Gold Rates On March 9: At 11:30 pm, the gold futures contract (delivery on April 3) were left with a gain of 0.53 per cent (Rs 235) compared with the previous close of Rs 44,158 per 10 grams.

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Petrol Prices See A Huge Cut Across Metros

In the national capital, the prices of petrol and diesel were cut to Rs 70.29 per litre and Rs 63.01 per litre on Tuesday, from Rs 73.28 per litre and Rs 65.59 per litre respectively.

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Customers Can Now Use IMPS, NEFT To Pay Dues, Says Yes Bank

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and...

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Asia Shares Try To Stabilise, Pin Hopes On Policy Stimulus

Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and governments calmed panic selling.

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Wall Street Clobbered As Crude Plummets, Virus Crisis Deepens

"There's a lot of fear in the market and if the price of oil continues to move lower it's an indication that a global recession is not far away," said Peter Cardillo, chief market economist at Spartan...

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Oil Prices Jump 6% After Biggest One-Day Fall Since 1991

Oil prices jumped more than 6 per cent on Tuesday, clawing back some ground on hopes that a price war by top producers Saudi Arabia and Russia that sparked the biggest daily rout since the 1991 Gulf...

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Stock Markets To Be Shut For Holi On Tuesday

The stock markets crashed by 5 per cent on Monday due to spiking coronavirus cases worldwide and plummeting crude oil prices. The S&P BSE ended the day at 35,635, weaker by 1,942 points or 5.1 per...

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During March-September 2019, Yes Bank Customers Withdrew Rs 18,110 Crore

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank,...

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Hopeful of Moratorium Being Lifted This Week: Yes Bank Administrator

In what may calm harried depositors of Yes Bank, its administrator Prashant Kumar on Monday said he is hopeful of the moratorium on the private sector lender being lifted by Saturday. Merging Yes Bank...

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US Stock Trading Trips Circuit Breaker As S&P 500 Falls 7%: Local Media

Global stocks plunged on Monday and prices for crude oil tumbled as much as 33 per centafter Saudi Arabia launched a price war with Russia.

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Investors Take Rs 6.84 Lakh Crore Hit In Worst Day For Markets In 4 Years

In the last two days of market meltdown investors' wealth worth Rs 10 lakh crore has been wiped out, BSE data showed.

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Cheap Oil May Reduce Inflationary Pressures in India: Government Adviser

A fall in global crude oil prices will likely reduce India's inflationary pressures, a senior government adviser said on Monday, paving the way for further central bank easing as the coronavirus...

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Banking Sector Clobbered Amid Fallout From Yes Bank Crisis

The Nifty banking index sunk more than 4 per cent early on Monday, hitting its lowest levels since January 2019, as investors fretted about the health of the sector.

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One Of The Wildest Days In Years For Markets

Panic selling, margin calls, vanishing liquidity and coronavirus work-from-home arrangements were just some of the challenges traders faced as risk assets plunged.

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Yes Bank Withdrawal Limit Could End "Within A Week": SBI Chairman

His comments come at a time when SBI is leading investment in the troubled private sector lender, whose board was suspended and withdrawals capped by the Reserve Bank of India (RBI) last week,...

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Yes Bank Withdrawal Limit Could End "Within A Week": SBI Chief

The RBI has taken control of Yes Bank, after the debt-laden lender failed to raise the capital it needs to stay above mandated regulatory requirements.

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Markets Crash 5% On Rampaging Coronavirus, Plunging Oil

The S&P BSE ended the day at 35,635, weaker by 1942 points or 5.1 per cent and the Nifty ended at 10,451, down 538 points or 4.9 per cent.

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India's Oil Import Bill May Halve If Current Crude Price Holds: Report

India oil import bill is expected to fall by a sharper 10 per cent in FY20 as the increasing spread of Coronavirus and now the fallout of talks between OPEC and Russia has depressed the crude oil...

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February Retail Inflation Likely To Fall To 3-Month Low: Poll

Retail inflation likely cooled from recent highs to a three month low in February, due to moderating food prices, but remained above the Reserve Bank of India's (RBI) target band, a Reuters poll of...

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Rupee Slips Below 74-Mark Against US Dollar As Fear Grips Markets

The rupee on Monday continued its downward journey as the currency slid below the psychological mark of 74 against the US dollar. The currency markets crashed tracking weak opening in domestic...

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"Economy Absolutely Stable": Top Government Officer Amid Market Tailspin

Panic gripped financial markets Monday as the world braced for a full-blown price war in oil. S&P BSE Sensex stock index slumped more than 6 per cent.

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Reliance Industries Suffers Biggest Loss In At Least 10 Years

Reliance Industries slumped as much as 10 per cent, its biggest single-day fall in at least 10 years, to hit an intraday low of 1,143.

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Yes Bank Debt Writedown To Make Capital Raising More Difficult

The takeover of Yes Bank by India's central bank last week comes against the backdrop of a string of scandals in the country's financial sector in the last couple of years

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Oil Drops 31% As OPEC Deal Collapse Sparks Price War, Global Markets Hit

As the global oil benchmark plummeted to as low as $31.02 a barrel, Goldman Sachs Group Inc. warned prices could drop to near $20 a barrel.

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Opinion: Messy Yes Bank Rescue May Be Costliest Own Goal Since Notes Ban

Arm-twisting government-controlled State Bank of India to inject capital into failing Yes Bank Ltd. was the only option left for New Delhi.

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Sensex, Nifty Drop 3% As Coronavirus Fears Hurt Global Markets: 10 Points

Domestic stock markets suffered sharp losses in early trade on Monday with benchmark indices slumping nearly 3 per cent, tracking a selloff in global markets as investors panicked about the severity...

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Sensex, Nifty Likely To Plunge Tracking Asian Peers Amid Coronavirus Fear

Domestic stock markets are likely to start the week with sharp losses tracking a selloff in global peers as investors panicked about the severity of the coronavirus pandemic amid recession fears....

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Oil Plunges 30%, Biggest Drop In 29 Years, After Saudi Arabia Cuts Prices

OPEC and other producers supported the cuts to stabilize falling prices caused by the economic fallout from the coronavirus outbreak.

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Asia Stocks Plunge On Virus Fears, Oil Prices

Stock markets plunged around Asia on Monday, as panic selling set in with traders fretting over the economic impact of the new coronavirus and digesting a free-fall in the oil price.

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Indian Banks Have Adequate Capital, No Reason For Worry: Krishnamurthy Subramanian

"It is important to keep this in mind that the international norm for CRAR is 8 per cent and Indian banks on an average have a CRAR of 14.3 per cent. So 8 per cent is the mandated minimum norm and our...

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Yes Bank Crisis: Petrol Pump Owners Struggle To Pay Oil Companies

Petrol Pump owners typically have current accounts and each owner makes a daily payment of Rs 30-40 lakh to the oil company. The pump owners with Yes Bank accounts have been unable to clear their...

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Six Of Top 10 Firms Lose Rs 95,432 Crore In Market Capitalisation

The market capitalisation (m-cap) of Reliance Industries plummeted Rs 37,144 crore to Rs 8,05,118.67 crore, taking the biggest hit among the top-10 companies for the week ended Friday.

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SBI To Acquire 245 Crore Shares In Yes Bank At A Price Of Rs 10 Each

Under the scheme of reconstruction of Yes Bank, SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore. This will be 49 per cent of the share capital of the reconstructed...

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Analysts Warn Of "Sharp" Fall Ahead If Coronavirus Cases Rise Further

Friday's fall meant the currency continued its decline after a days breather. It had clocked its first gain the previous day after five straight sessions of depreciation.

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Global Money Market Inflows Rise To 30-Week Highs Amid Virus Fears

Global investors sent a net $61 billion into money market funds in the week that ended March 4, hitting 30-week highs for the category, while global equity funds posted their largest asset losses...

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SBI Sets Rs 10,000 Crore Cap For Yes Bank Investment

The RBI said the strategic investor bank will have to acquire a 49 per cent stake and will not be allowed to reduce the holding to below 26 per cent before three years from the date of capital...

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Gold Discounts At Highest In 5 Months Amid Low Demand, Record High Price

Dealers in India offered a discount of up to $25 an ounce to official domestic prices, the most since late September, and up from last week's $14.

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Petrol, Diesel Prices Cut For Third Day In A Row

Currently, petrol and diesel rates vary in different parts of the country, depending on factors such as depending on taxes and transportation cost.

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Gold Futures Trim Losses After Plunging Over 2%

At 11:55 pm, the gold futures contract (delivery on April 3) traded lower by 220.00 (0.49 per cent) at Rs 44,238.00 per 10 grams, compared with its previous close of Rs 44,458.00 per 10 grams.

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Due Diligence On Yes Bank, Have Time Till Monday To Go To RBI, Says SBI

State Bank of India (SBI) chairman Rajnish Kumar said on Saturday that the lender is conducting due diligence and will get back to the Reserve Bank of India (RBI) on the restructuring plan for Yes...

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"Your Deposits Are Safe," Says Yes Bank In Letter To Customers

A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden private lender Yes Bank, in a letter to its customers asserted...

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Economic Remedies For The Coronavirus Across The Globe

Policymakers have taken a range of approaches to deal with the economic fallout from the coronavirus, from emergency interest rate cuts and big spending packages to a wait-and-see-stance and pledges...

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Wrong Asset Classification Led To Yes Bank Crisis: Finance Minister

On discovering risky credit decisions, the RBI advised change in management and accordingly, a new CEO was appointed in September 2018, Ms Sitharaman added.

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"Deposits, Liabilities Won't Be Affected": Nirmala Sitharaman On Yes Bank

Finance Minister Nirmala Sitharaman assured depositors that there will be no loss to any Yes Bank depositor.

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SBI Exploring Range Of Rescue Options For Troubled Yes Bank: Report

State Bank of India (SBI), the country's largest lender, is exploring a wide range of rescue options for struggling Yes Bank Ltd including a complete buyout of its private-sector rival, two sources...

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RBI Takes Control Of Bad Loan-Burdened Yes Bank: Timeline

Shares of Yes Bank, which traded at Rs 404 at its peak in August 2019, fell to a record low of Rs 5.65 on Friday, with the stock plunging nearly 85 per cent.

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Air India Divestment Going Well, May Extend Deadline: Hardeep Puri

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process...

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Sensex Tumbles Nearly 900 Points On Coronavirus Fears, Yes Bank Crisis

The stock markets tumbled more than 2 per cent on Friday as the double whammy of rapidly-spreading coronavirus and Yes Bank crisis spooked the investing community.

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No Need To Panic On Yes Bank, Says State Bank Chairman

"What's there to panic, no need to panic, all depositors are safe. The RBI governor has said also, just be patient, everything will be fine," Mr Kumar told reporters.

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A Day After RBI Restrictions, Yes Bank Shares Tank 85% In Intra-Day Trade

Yes Bank shares plunged as much as 85 per cent after the Reserve Bank of India placed it under moratorium and imposed withdrawal limits.

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Have Scheme In Place To Revive Yes Bank, Says Shaktikanta Das

The Reserve Bank of India Governor Shaktikanta Das said that the central bank have a scheme to revive the beleaguered lender.

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Yes Bank Tanks After Government Caps Withdrawal Limit

The RBI also suspended the private sector lender's board for a period of 30 days "owing to serious deterioration in financial position of the Bank".

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Sensex Plunges 1,300 Points, Nifty Slides Below 11,000 Amid Coronavirus Fears

The BSE Sensex was at 37,180, weaker by 1,300 points and the SGX Nifty was at 10,881, down 385 points.

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Markets Likely To Have A Weak Opening

The Nifty Singapore futures were 3 per cent lower at 10,860 and Asian shares had also fallen across the board this morning

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SBI Agrees To "Viability Study" For Stake In Troubled Yes Bank: Report

SBI was authorised to pick other members of the consortium in a plan approved by centre, Bloomberg reported, citing people with knowledge of matter.

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SBI Cards IPO Worth Rs 10,350 Crore Subscribed Over 22 Times

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 22.45 times on Thursday, the last day of the bidding process, NSE data showed. The credit card arm of the country's top...

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Indian Tech Firms Scramble To Shield Workers Against Coronavirus

As on March 4, at least 28,529 persons were brought under community surveillance and are being monitored in India, with 29 confirmed cases.

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Gold Futures Recover Most Of Day's Losses

At 4:55 pm, the gold futures contract (delivery on April 3) traded lower by 34.00 (0.08 per cent) at Rs 43,535.00 per 10 grams, compared with its previous close of Rs 43,569 per 10 grams.

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Finance Ministry Doing Ground Work On Sovereign Bond Issue: Report

In 2019-20 Budget announcement, Finance Minister had announced the proposal to issue offshore sovereign bonds, starting from the current fiscal year.

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Airlines Could Take $100-Billion Hit Due To Coronavirus: Industry Body

Airlines across the world are rushing to cut flights and costs, and warning of a hit to earnings, as a new virus that started in China spreads, raising fears of a pandemic that could plunge the global...

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Sensex Ends Flat After Swinging In Range Of 500 Points

Benchmarks swung in a wide range as investors remained on edge tracking economic impact of deadly coronavirus outbreak in the country, say analysts.

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Sensex, Nifty Off Day's Highs; Reliance Industries, ICICI Bank Top Losers

Yes Bank was top Nifty gainer after Bloomberg reported that government has allowed SBI to form a consortium to buy stake in troubled Yes Bank.

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Ready For Rate Cuts To Shield Economy From Coronavirus: RBI Chief

Reserve Bank of India (RBI) governor has said he isready to act to shield the economy from the coronavirus and reiterated theres room to cut interest rates if needed. Speaking in an interview with...

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Employee Provident Fund Interest Rate Cut To 8.50%, To Impact 6 Crore

Currently, the government reviews the interest rate applicable to the provident fund scheme for salaried individuals on a yearly basis.

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Sensex, Nifty Extend Gains; SBI, Kotak Bank, Hindustan Unilever Top Gainers

The stock markets have extended their gains, amid bouts of volatility, due to emergence of buying interest at lower levels post the coronavirus-induced panic witnessed in 7 of the past 8 trading...

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Yes Bank Shares Surge 29% In Biggest Single-Day Gain In 4 Months

At 12:36 pm, Yes Bank shares traded 28.50 per cent higher at Rs 37.65 apiece on the BSE, outperforming the benchmark S&P BSE Sensex which was up 0.97 per cent.

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Government Asks SBI To Form Consortium To Buy Stake In Yes Bank: Report

has been struggling to raise capital for the past few months and needs the money to bolster ratios that stand just above a regulatory minimum.

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SBI Cards IPO Subscribed Over 16 Times So Far On Last Day

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 16.43 times on Thursday, the third day of the subscription, NSE data showed. At 12:30 pm on Thursday, the issue had...

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Coronavirus Panic Weighs On Blockbuster SBI Cards IPO

With the world reeling from one of the biggest risk sell-offs since the global financial crisis, further coronavirus-fueled declines in India may impact the IPO's over-subscription rate, which in turn...

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RBI's $476 Billion Firepower May Arrest Rupee's 'Panic' Tumble Over Virus

Authorities may deploy some of the stockpile to steady the rupee, which has tumbled more than 2 per cent over the past week as more locals are diagnosed with the coronavirus.

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State Bank Of India To Lead Group For Yes Bank Stake Buy: Report

Yes Bank soared as much as 29% on a report that the government has approved a plan for SBI to buy a stake in the troubled private-sector lender.

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Cabinet Gives Nod For Direct Overseas Listing Of Indian Companies

Apart from providing an additional fund-raising avenue for the corporates looking to expand and boost their business activities, overseas listing of shares would also help in bringing more capital...

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Indian Economy Provides New Opportunities To Invest: Blackstone CEO

Blackstone has invested $6 billion in commercial real estate in India over the last 18 months, and is the largest owner of office space in the country.

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Government Pushes PSU Banks To Boost Lending As Virus Fears Grow: Report

Officials said on Wednesday that the total number of coronavirus cases in the country had jumped to 28, up from six earlier in the week.

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Global Growth To ''Dip Below'' Last Year's Rate Due To Coronavirus, Says IMF Chief

The new coronavirus epidemic poses a "serious threat" to people and the world economy, and will slow growth below the 2.9 per cent posted last year, IMF chief Kristalina Georgieva said on Wednesday.

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"Undue Pressure": Tax Officials Protest Over Working Conditions

Prime Minister Narendra Modi's government is pushing to shore up revenue as the country's once-booming economy grows at roughly 11-year lows.

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Sensex Rises Oer 250 Points, Nifty Crosses 11,300 In Early Trade

Analysts said the possibility of slower world economic growth due the the coronavirus pandemic, with mounting deaths across the globe, cannot be ruled out.

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Sensex, Nifty Likely To Open Lower Today; Virus Risk Lurks In Asian Peers

On Wednesday, the S&P BSE Sensex index had declined 214.22 points - or 0.55 per cent - to end at 38,409.48, and the broader NSE Nifty benchmark settled at 11,251.00, down 52.30 points - or 0.46 per...

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RBI May Not Follow US Federal Reserve With Rate Cut: Report

With interest rate transmission - the pace at which changes feed through to the wider economy - still stuttering and the RBI having deployed several unconventional measures to boost credit growth,...

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Rupee Closes Flat After Swinging Heavily Amid Coronavirus Uncertainty

The currency had opened strong and raced to a high of 72.90 to the US dollar in early trade following weakness in the US currency after the rate cut by the US Fed. However, as the government confirmed...

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How Low Can You Go? Emerging Central Banks Cut Rates for 13th Month

The pace of easing from emerging market central banks accelerated in February as policymakers across the world battle to shore up economies hit by the coronavirus outbreak. Interest rate moves by...

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RBI May Use Unconventional Tools to Combat Coronavirus Impact: Report

The Reserve Bank of India (RBI) is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any...

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Government Ready For Meaningful Intervention In Coronavirus Crisis, If Required: Finance Minister

The Reserve Bank of India on Tuesday said it was closely monitoring global as well as domestic situation regarding the impact of deadly coronavirus

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Tribunal Dismisses Deloitte, BSR Plea In IL&FS Case

Counsel of both the firms had told the tribunal that their clients cannot be prosecuted as they are no longer statutory auditors of IL&FS.

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RBI May Use Unconventional Tools To Combat Coronavirus Impact: Report

The Reserve Bank of India (RBI) is considering using unconventional policy tools to spur lending, three government officials told Reuters.

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