PM Modi will deliver the inaugural address at the annual Session of the Confederation of Indian Industry (CII) to mark its 125th anniversary
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Piyush Goyal Meets Pharma Industry Bosses, Announces Divestment In Sector
The minister said that India has been recognised as the Pharmacy of the World during the COVID-19 crisis
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Madhu Kapur Group Gives Up Promoter Shareholding In Yes Bank
According to latest BSE data, Ms Madhu Kapur held 1.12 percent stake in Yes Bank while Mags Finvest Private Limited held 0.30 percent.
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Gold Price Today: Gold Futures Rise To Touch Rs 46,850 Per 10 Grams Mark
The gold futures contract (delivery on June 5) finished the day at Rs 46,530 per 10 grams, up 0.27 per cent or Rs 125 per 10 grams compared to its previous close.
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Gold Price Rises 1% On Uncertainty Over Donald Trump's Response To China
Global efforts to restart economies could boost silver demand, making prices of the metal, which slipped to an all-time low relative to gold during the crisis, likely to rebound strongly.
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Rupee Closes Higher At 75.61 Against Dollar Ahead Of GDP Data
Rupee Vs Dollar (INR Vs USD) Today: The rupee registered a weekly gain of 0.45 per cent (34 paise) against the US dollar.
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Top Asian Gold Hubs Struggle Amid Low Demand From Consumers
In Hong Kong, which has been reeling from protests over a national security legislation being introduced by China, premiums were unchanged at $0.50-$1.75 per ounce.
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Middle East Wealthy Most Cautious After Oil Slump, COVID-19: Barclays
Global stocks have regained some of the ground lost after a rout in March sparked by fears about the economic cost of the pandemic.
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Yes Bank Acquires 24% Stake In Dish TV Through Pledged Shares
Dish TV India has a bandwidth capacity of 1,422 MHz with an ability to deliver more than 655 channels and services.
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Sun Pharma To Test Pancreatitis Drug In COVID-19 Patients
The company joins other drugmakers Glenmark and Strides Pharma Science that are conducting trials in India for potential drugs for COVID-19.
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India's Fiscal Deficit Widens To 4.59% Of GDP
India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.
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Q4 GDP Higher Than Expected But Likely To Be Revised Downward: Experts
While most of the experts maintained that the GDP numbers have come at a higher level than what was expected, they expect it to be revised
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GST Council Meet Next Month, Hike In Rates Of Non-Essential Item Unlikely
Finance ministry sources said raising GST rates will further hit demand and impede growth
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GDP Growth At 3.1% In January-March
Many economists have already lowered their projections for the current financial year, with some even warning about the possibility of a recession due to the COVID-19 disease-induced lockdown.
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Core Sector Output Contracts By Record 38.1% In April
In March, core sector output had contracted by 9 percent
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Labour Ministry To Collect Data On Job Losses Due To COVID-19: Report
The labour ministry will collect data on job losses and salary cuts, as asked by the finance ministry
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23 More Forest Produce Items Included In Scheme Offering MSP
The 23 new items include van tulsi seeds, van jeera, tamarind seed, bamboo brooms, and seed lac
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Sensex, Nifty Close Higher For Third Straight Day
Analysts awaited the GDP data due at 5:30 pm for more clarity on the damage caused by the coronavirus (COVID-19) pandemic.
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Vodafone Idea Denies Reports Of Possible Stake Purchase By Google
"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said in a regulatory filing.
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Billionaire Premji Hires Wipro CEO From His Rival
Wipro named Thierry Delaporte chief executive officer, recruiting its new leader from rival Capgemini SE as it tries to regain momentum in the tech services industry.
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Economy Needs Support From PSBs, Says Union Bank Chief
Union Bank chief said that there will be a shift of credit growth in favour of the PSBs
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Foreign Stakes in Top India Firms at 5-Year Low on Risk-Off Mood
Holdings of global funds in the Nifty-500 Index fell 140 basis points during the three-month period to an average 21 per cent, analysts wrote in a note.
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Migrants To Get Cash In Hand, Government Has Not Ruled Out Poor: Sources
Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.
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India's Services Industries Perform "Astonishingly Low" In April: Report
From call centers to hotels to airlines, India's key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.
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Google Considers 5% Stake In Struggling Vodafone Idea: Report
Vodafone Idea is struggling following a $4 billion demand for back fees in addition to more than $14 billion of debt
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Economy Seen Slowing Rapidly In March Quarter, With Worse To Come
Median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.
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COVID-19 Impact To Remain For Some Time: Oyo Founder Ritesh Agarwal
The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.
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Sensex, Nifty Turn Flat Amid Volatile Trade Ahead Of GDP Data
Analysts awaited the GDP data due at 5:30 pm for more clarity on the damage caused by the coronavirus (COVID-19) pandemic.
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Wipro Shares Gain Over 2% On Appointment Of New CEO And MD
Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.
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Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director
Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.
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Sensex Falls Over 350 Points Ahead Of GDP Data: 10 Things To Know
Domestic stock markets started Friday's session on a lacklustre note ahead of the release of official gross domestic product (GDP) data for the January-March period due later in the day. The S&P BSE...
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Sensex, Nifty Likely To Have A Weak Opening
The US markets ended in the red, Asian markets were in negative territory in early trading and trends on SGX Nifty indicate a gap-down opening.
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Nirmala Sitharaman Reviewed Economy At Financial Regulators Meeting
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council.
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Google Considering Taking Stake In Vodafone Idea: Report
Vodafone said it does not comment on market speculation, while Google did not immediately respond to a request for comment.
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FDI In India Jumps 13% To Record $49.98 Billion In 2019-20
Sectors which attracted maximum foreign inflows during 2019-20 include services, computer software and hardware, and telecommunications, among others.
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Nirmala Sitharaman Launches Aadhaar-Based Instant PAN Facility
The launch of the instant PAN facility is yet another step by the Income Tax Department towards Digital India.
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Monsoon Rains Expected To Arrive Kerala Around June 1
The IMD had earlier forecast the arrival of monsoon rains over Kerala on June 5, four days later than usual.
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Abu Dhabi State Fund In Talks To Invest $1 Billion In Jio: Report
Jio Platforms, which houses music and movie apps as well as Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month.
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Sensex, Nifty Close 2% Higher As Financial Stocks Extend Gains
Analysts awaited macroeconomic data for more clarity on the economic damage caused by the coronavirus pandemic.
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Rupee Edges Lower To Close At 75.76 Against Dollar
After starting the four-hour session at the weakest level of the day at 75.90, the rupee briefly turned positive to touch 75.68 before giving in to losses in volatile trade.
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Gold Futures Rise To Rs 46,600 Per 10 Grams Amid COVID-19 Crisis
At 1:37 pm, the gold futures contract (delivery on June 5) traded at Rs 46,590 per 10 grams - up 0.13 per cent or Rs 59 per 10 grams compared to its previous close.
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Gold Off 2-Week Low Amid US-China Tensions
Worsening relations between the world's two biggest economies could further hobble global business activity, which is already under intense pressure due to the coronavirus crisis.
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Sensex Reclaims 32,000, Surges Over 500 Points Led By Banks
Buying in HDFC Bank, HDFC, ICICI Bank, Axis Bank and Kotak Mahindra Bank contributed over 300 points towards gain in the Sensex.
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NTPC Looking At Buying Anil Ambani's Power Utilities In Delhi
Reliance Infrastructure owns a majority stake in BSES Yamuna (BYPL) and BSES Rajdhani (BRPL), which are joint ventures with the government of Delhi.
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Maruti Suzuki Partners With HDFC Bank To Offer Car Finance Schemes
HDFC Bank would also be offering Maruti Suzuki customers the option of a post approval digital disbursement, in view of the current social distancing norms.
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Sensex, Nifty Rise 1% As Financial Stocks Extend Gains: 10 Things To Know
Domestic stock markets rose more than 1 per cent on Thursday, extending gains a day after benchmark indices soared more than 3 per cent in their biggest single-day surge so far this month. The S&P BSE...
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Centre May Need To Pump 1.5 Lakh Crores Into State-Run Banks: Report
The government may need to inject up to Rs 1.5 trillion ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic.
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Sensex, Nifty Likely To Open Higher Today
On Wednesday, the Sensex had soared 995.92 points to end at 31,605.22, and the Nifty settled at 9,314.95, up 285.90 points from the previous close.
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Gold Declines To 2-Week Low Amid Recovery Hopes
Optimism about the development of coronavirus vaccines and a revival of business activity has lifted risk sentiment in the financial markets.
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Gold Futures Drop Below Rs 46,150/10 Grams Mark As Equities Soar
Gold Rate Today: The gold futures contract (delivery on June 5) finished at Rs 46,120 per 10 grams - down 0.44 per cent or by Rs 202 per 10 grams - for the day.
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SBI Lowers Interest Rates On FDs From Today. Check Latest Rates Here
On fixed deposits up to Rs 2 crore, SBI pays a 50-basis-point (0.5 percentage point) higher return to senior citizens compared to other customers.
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SBI Simplifies Loan EMI Deferment Process. Here Is How To Do It
State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers.
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Google Pay Faces Case In India Over Unfair Promotion Of App : Report
The complaint says Google more prominently showcases its payment app inside Android app store in India
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Sensex Ends Nearly 1,000 Points Higher, Clocks Best Day Of May Led By Banks
Surge in HDFC Bank, ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank collectively contributed over 600 points towards gain in the Sensex.
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Birla Corporation Surges 43% In 2 Days As Profit Doubles In March Quarter
The company registered a net profit of Rs 195 crore, up 51.9 percent on a year-on-year basis
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Sensex Surges Over 800 Points Led By Gains In Banking Stocks
HDFC Bank, ICICI Bank, HDFC, Infosys, Kotak Mahindra Bank and Axis Bank were among the top movers in the Sensex.
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Sensex Up Over 250 Points; Financials, Information Technology Stocks Gain
Sensex today: At 11:53 am, the BSE Sensex was at 30,856.30, higher by 246.71 points or 0.8 per cent and the NSE Nifty was at 9,103.95, up 75.28 points or 0.8 per cent.
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Ola Buys Dutch Electric Scooter Company Etergo
Ola said it will begin electric vehicle production work this year and plans to launch its first electric scooter in 2021
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Biocon Subsidiary Receives Nod To Use Cytosorb In Covid-19 Treatment
The licence will be effective until the COVID-19 outbreak is controlled in the country, the company said in a regulatory filing.
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Rupee Slips 8 Paise To 75.74 Against US Dollar
The domestic currency opened flat against US dollar on Wednesday, after witnessing healthy recovery in previous session
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Sensex Flat In Early Trading, Nifty Hovers at 9,000
On Tuesday, the Sensex had ended 63.29 points - or 0.21 per cent - lower at 30,609.30, and the Nifty settled at 9,029.05, down 10.20 points - or 0.11 per cent - compared to its previous close.
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Virus Lockdown Put India's Animal Spirits To Sleep In April, Signals Data
Asia's third-largest economy had a dismal start to the new fiscal year from April 1, after what's been an already disappointing beginning to the calendar year.
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Reliance's $7 Billion Rights First To Test New Trading Platform In India
Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.
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Sensex, Nifty Likely To Open Flat
At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.
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Mukesh Ambani Prepping Overseas IPO For Jio: Report
The offering could happen in the next 12 to 24 months and the company hasn't decided on a listing venue.
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Traders' Body Writes To PM, Suggests Measures To Counter Financial Stress
In the letter, the traders' body said that e-commerce players should not be allowed to sell products over Rs 5,000.
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Gold Futures Fall Below Rs 46,650/10 Grams Mark Tracking Global Rates
Gold Price Today: At 4:56 pm, the gold futures contract (delivery on June 5) traded at Rs 46,742.00 per 10 grams - down 0.49 per cent or by Rs 231 per 10 grams compared to its previous close.
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Gold Prices Edge Lower As Global Equities Rise On Economic Recovery Hopes
Gold is often used as a safe store of value during times of political and financial uncertainty.
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Sensex Closes 63 Points Lower As Markets Extend Losses To Second Day
The Sensex ended 63.29 points - or 0.21 per cent - lower at 30,609.30 and the Nifty settled at 9,029.05, down 10.20 points (0.11 per cent) from its previous close.
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Rupee Gains By 29 Paise To End At 75.66 Against Dollar
On Friday, the rupee had settled at 75.95 against the US dollar.
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Sensex, Nifty Off Day's High; Metals, Banks Trade Firm, IT Stocks Weak
Domestic stock markets are firmly in the green mid way through the day, albeit off the highs touched in early trades, as markets resumed trading after the long weekend.
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Latam Airlines Files For Bankruptcy In United States
Latin America's largest airline LATAM filed for bankruptcy in the USA on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.
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Uber India Lays Off 600 Employees
The company said the impacted positions are in its driver and rider support operations as well as other functions.
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Bharti Airtel Sheds 5% As Promoters Look To Sell Stake
Bharti Airtel shares dived 5 per cent to Rs 561 on news that parent Bharti Telecom was looking at raising $1 billion by selling stake.
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HDFC Gains Over 3% Post March Quarter Results
HDFC on Monday reported a net profit of Rs 2,232.53 crore for the quarter ended March 31. That marked a decline of 21.98 per cent compared to the corresponding period a year ago.
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Debt-Hit Bharti Airtel's Parent Eyes $1 Billion From Stake Sale
Bharti raised $3 billion in January from the sale of shares and convertible bonds to help pay additional airwave and license fees after telecom operators lost a court case.
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India First Quarter GDP Growth Likely To Be Weakest Since 2012: Poll
Asia's third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely.
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Sensex, Nifty Rise 1% As Financial, Consumer Goods Stocks Spike
At 8:04 am, the SGX Nifty futures were up 101.75 points - or 1.13 per cent - at 9,142.75.
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Sensex, Nifty Likely To Open Higher Tracking Global Markets
The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - rose as much as 121.25 points to touch 9,162.25 ahead of the opening of...
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Lufthansa, German Government Agree On $9.8 Billion Rescue Package: Report
The carrier said last week it was in advanced talks on a deal that would involve the government taking two seats on its supervisory board.
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India's April Crude Processing Sees Biggest Drop Since At Least 2003
The lockdown cut India's fuel demand by 45.8 percent in April.
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HDFC Profit Falls 22% To Rs 2,233 Crore In March Quarter
HDFC said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.
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Proof Against JPMorgan Chase In Case Against Amrapali, Supreme Court Told
Enforcement Directorate said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating Rs 1.87 billion.
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Maruti Suzuki Resumes Production At Gujarat Plant
Maruti Suzuki, the country's largest vehicle maker, has restarted production at Gujarat plant as the country is the midst of 4th phase of lockdown.
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ITC To Acquire Spice Maker Sunrise Foods
ITC said the agreement was finalised along with related processes during the lockdown, "reflecting the company's agility and resilience in dealing with the new normal".
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Stock, Forex, Commodity, Currency Markets Shut For Ramzan
The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).
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Reliance Launches JioMart Online Grocery Service, Challenging Amazon, Flipkart
JioMart will deliver groceries in more than 200 towns across the country
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Finance Ministry Not Planning To Impose Calamity Cess On GST: Report
Finance Ministry sources said that a calamity cess might have a counter-productive effect on sales, which are already low
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Franklin India Hit By Default On Essel Group Papers Worth Rs 616 Crore
The maturity value of the NCDs, including redemption premium, was Rs 616 crore but it is only valued at a market value of Rs 92 crore.
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COVID-19 Pushes Car Rental Company Hertz Into Bankruptcy In US, Canada
Its main international operating regions, including Europe, Australia and New Zealand, were not included in the US Chapter 11 filing.
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Nirmala Sitharaman Asks Public Sector Banks To Implement Economic Package
Since the Cabinet has already given approval to various schemes announced under the package, operational guidelines have been issued to banks.
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Realtors Want Banks To Pass On Benefit Of Rate Cut To Customers
ndustry's demand for one-time restructuring of developers'' loans should be met, said Ankush Kaul, President (Sales & Marketing) - Ambience Group.
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More Steps To Come To Deal With COVID-19 Crisis: Anurag Thakur
Since outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown, Anurag Thakur said.
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Gold Futures Jump Over 1% To Touch Rs 47,100 Per 10 Grams Mark
Current Gold Rate: At 4:15 pm, the gold futures contract (delivery on June 5) traded at Rs 46,995 per 10 grams - down 1.31 per cent or Rs 607 per 10 grams compared to its previous close.
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More Relief For Borrowers As RBI Extends Moratorium On Loans Till August
EMIs will be extended with interest applicable on outstanding principal amount during the no payment period
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Rupee Falls By 34 Paise To End At 75.95 Against US Dollar
During the trading session, it touched an intraday high of 75.71 and a low of 75.95.
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RBI To Stay Accommodative As Long As Necessary: Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das said the MPC will remain "accommodative" till a revival is seen in the economic activity.
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Fundraising Spree For Reliance's Jio Platforms Values It At $65 Billion
Reliance Industries has raised $10 billion in just a month through five stake sales in digital unit Jio Platforms, whose valuation has surged to $65 billion.
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Sensex Sheds Around 300 Points; Banking, Auto Stocks Trade Weak
The rate-sensitive auto and banking stocks were trading lower, post the rate cuts announced by the RBI Governor.
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Mukesh Ambani Raises Over $10 billion Investment In Jio In A Month
Started in 2016, Reliance Jio is now India's largest wireless carrier.
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In Virus Crisis, Drug And Consumer Stocks Soar In India
The stockpiling of medicine in a country of 1.3 billion people and the rising focus on affordable health care globally will boost the shares of the nations pharmaceutical companies.
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RBI Cuts Rates To Lowest Since 2000 To Revive Shrinking GDP
High frequency data has showed that demand is virtually non-existent. The country's dominant services industries crashed last month, while car sales also collapsed.
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GDP Growth To Be In Negative Territory In 2020-21: RBI Governor
The Reserve Bank of India (RBI) expects the country's GDP or gross domestic product to contract in the current financial year, Governor Shaktikanta Das said on Friday, as he announced a reduction in...
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RBI Governor's Top 5 Announcements Today
Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate to 4 per cent from the existing 4.4 per cent
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RBI Reduces Repo Rate By 40 Basis Points To 4% From 4.4%
RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,
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Aditya Birla Sun Life Mutual Fund Suspends Fresh Investments Into Two Debt Schemes
Aditya Birla Sun Life Mutual Fund has suspended fresh inflows into its two of its debt schemes i.e. Aditya Birla Sun Life Medium Term Plan (ABMTP) and Aditya Birla Sun Life Credit Risk Fund (ACRF)...
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Sensex Falls Over 250 Points In Early Trade, Nifty Slips Below 9,050
On Thursday, the Sensex had ended 114 points or 0.37 per cent higher at 30,932.90 and Nifty 50 index had advanced 0.44 per cent or 40 points to close at 9,106.25.
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RBI Governor Shaktikanta Das To Address Media At 10 AM
This is the RBI chief's first address to the media after the government detailed the fiscal and monetary stimulus worth Rs 20.97 lakh crore tosupport the economy.
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US Private Equity Firm KKR To Buy Rs 11,367-Crore Stake In Jio Platforms
Reliance Industries said on Friday that KKR, a US-based private equity firm, will invest Rs 11,367 crore to buy a 2.3 per cent stake in Jio Platforms.
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Sensex, Nifty Likely To Open Lower
Asian markets traded lower on Friday morning as tensions between the US and China rose further. Shanghai composite was down 0.4 per cent while Nikkei 225 slipped 0.22 per cent.
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Swiggy, Zomato Begin Liquor Delivery Amid Coronavirus Lockdown
Both Swiggy and Zomato have started delivering liquor in Jharkhand's capital Ranchi and are looking to expand to other states
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Gold Futures Decline Nearly 1%, Hold Rs 46,700 Per 10 Grams Mark
Gold Rate Today: MCX gold futures slid by as much as Rs 530 per 10 grams - or 1.12 per cent - to Rs 46,601 per 10 grams, compared to their previous close of Rs 47,131 per 10 grams.
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Here Are The Guidelines For Boarding Railways' Special Passenger Trains
The 200 special passenger trains will resume services on 1 June
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Sensex, Nifty Pare Gains To End Marginally Higher As Banks Fall
Strong buying interest in automobile, metal and consumer goods stocks pushed the markets higher.
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Aviation Ministry To Cap Air Fares As Flights Set To Resume From Monday
Aviation stocks also edged up higher in Thursday's trading
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Indian Railways To Start 200 Trains From June 1. Here Is List Of Trains
The government allowed resumption of train services from June 1 in a graded manner as part of relaxations being provided under the phase 4 of the lockdown to contain the spread of COVID-19 pandemic.
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Rupee Gains By 18 Paise To 75.61 Against Dollar
The rupee was last seen trading at 75.62 against the dollar in the second half of the session, stronger compared to its previous close of 75.79.
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Multiplex Stocks Edge Up As Industry Body Drafts New Safety Guidelines
Multiplex stocks have been edging higher for three straight sessions
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InterGlobe, Spicejet Soar As Domestic Flights To Resume Operations On May 25
The government, on Wednesday, announced that domestic airlines would resume operations on May 25 in a calibrated manner after a gap of more than two months.
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Strides Pharma To Conduct Trials For Potential COVID-19 Drug
Bengaluru-based Strides Pharma Science has received approval from the Drug Controller General of India to conduct trials of favipiravir in the country.
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Sensex Rises Over 150 Points, Nifty Touches 9,100 Tracking Global Markets
Reliance Industries' rights issue, trading as Reliance Industries Limited-Rights Entitlement on the NSE, moved as much as 5.89 per cent lower in early deals.
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Sensex, Nifty Likely To Open Lower Today
Last Friday, the S&P BSE Sensex index had ended 622.44 points - or 2.06 per cent - higher at 3 0,818.6 as the markets extended gains to a second straight day.
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Reliance Industries' Rights Issue Makes A Stellar Debut, Surges 40%
The share price for Reliance Industries-Rights Entitlement (RIL-RE) surged 39.6 per cent to settle at day's high of Rs 212 on National Stock Exchange.
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PM Vaya Vandana Scheme For Senior Citizens Extended, Interest Rate Cut
The government allowed "initially an assured rate of return of 7.40 per cent per annum for the year 2020-21 per annum and thereafter to be reset every year", according to an official release.
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RIL Rights Entitlement Price Surges 40% On Debut, Closes At Rs 212 On NSE
Reliance Industries' Rs 53,125 crore mega rights issue opened for subscription by shareholders on Wednesday
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RBI Needs To Aggressively Cut Rates Alongside Fiscal Stimulus: Economists
The government's Rs 20 lakh crore economic rescue package outlined last week rests largely on boosting company credit for MSMEs.
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Sensex Ends Over 600 Points Higher Led By Gains In Banking, Pharms Shares
Strong buying interest in banking, financial services and pharmaceutical shares helped the markets extend gains to a second straight session.
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Real Estate Sector To Face Losses Of Rs 76 Lakh Crore This Year: Report
Sale in the residential sector will come down from 4 lakh units in 2019-20 to 2.8 lakh to 3 lakh units in 2020-21 across top 7 cities, the report said
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"Our Revenue Has Come Down 95% Over Past 2 Months": Ola CEO To Employees
Ride-hailing service provider Ola on Wednesday announced that it will lay off 1,400 of its staff amid COVID-19 pandemic.
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Ola To Lay Off 1,400 Staff, CEO Says Pandemic "Hit Revenues"
In a note to the company's employees, CEO Bhavish Aggarwal said the coronavirus pandemic hit Ola's revenues.
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Gold Futures Climb To Rs 47,350 Per 10 Grams Mark
Today's Gold Rate: At 12:56 pm, the gold futures contract (delivery on June 5) was up 0.64 per cent (by Rs 299 per 10 grams) at Rs 47,349 per 10 grams.
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Rupee Moves Marginally Lower Against Dollar Tracking Asian Currencies
Gains in domestic equity markets however provided some support to the rupee, keeping the downside in check, say analysts.
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Rolls-Royce To Cut 9,000 Jobs As Air Travel Slumps Amid COVID-19 Pandemic
Rolls-Royce's headquarters are in Derby, England and about two-thirds of its civil aerospace jobs are based in the UK.
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Worst Seems Over for India's Formal Job Market, Staffing Firm Says
India's unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world's biggest lockdown, says the head of a top staffing firm.
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Threat Of Rating Downgrade May Have Held Back Bigger Stimulus: Analysts
Many worked out that the actual fiscal cost amounts to just about 1 per cent of GDP, sending stocks and the rupee down in the immediate aftermath.
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Sensex, Nifty Open On A Mixed Note; Auto Stocks Decline
On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...
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Sensex, Nifty Set To Open Higher
On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...
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Impetus To Realty Demand, But More Needs To Be Done: Property Consultants
The government's "Atma Nirbhar Bharat" package to battle the economic fallout from the coronavirus pandemic gave real estate developers few reasons to cheer.
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Criteria For Classifying ''Medium'' Enterprises To Be Revised Further
Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of MSMEs
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JPMorgan Hands Out $30 Billion In Loans To Small Businesses
JPMorgan, the largest U.S bank, approved more than $45 billion in new credit for its clients impacted by the COVID-19 pandemic in March and April.
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Franklin May Take Over 5 Years to Return Some Funds: 10 Things To Know
The US-based Franklin Templeton Mutual Fund, which shut six funds in India last month, told investors that some of its unit holders may have to wait over five years to fully recoup their money, news...
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Franklin India May Take Over Five Years to Return Some Funds
The development is the latest turn after the company shut six debt schemes last month in the country's biggest-ever fund freeze.
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Sensex, Nifty Close Higher
Bharti Airtel shares soared to a record high, after the company reported a boost in its average revenue per user.
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Sensex, Nifty Snap 3-Day Losing Streak; Bharti Airtel Hits Record High
Bharti Airtel was top Nifty gainer, the stock surged over 10 per cent to hit record high of Rs 594.65 as customers upgraded their data and calling plans.
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Sensex, Nifty Off Day's Highs; Banking Shares Under Pressure
Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index's 1.7 per cent gain.
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Gold Futures Trim Gains After Touching Rs 46,900 Mark
Current Gold Rate: At 1:55 pm, the gold futures contract (delivery on June 5) was barely up at Rs 46,660 per 10 grams.
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Sensex, Nifty Trim Gains; Autos Witness Buying, Bank Stocks Weak
The top percentage gainers on the Nifty were Bharti Airtel, ONGC, Adani Ports, Bharti Infratel and Grasim, trading between 3.57 per cent and 9 per cent higher.
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WeWork India Lays Off 20% Of Workforce
In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.
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Rupee Gains By 30 Paise To Touch 75.61 Mark Against Dollar
Sharp gains in domestic equity markets and weakness in the dollar overseas supported the rupee, according to analysts.
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Government Implements Cut In PF Contribution To 10% For 3 Months
The move is aimed at increasing the employees' take-home salary for the months of June, July and August
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Uber To Lay Off 3,000 Workers In Second Job Cut This Month
Uber Technologies Inc said on Monday that it would cut an additional 3,000 jobs as coronavirus-led restrictions sap demand for ride-hailing services.
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Bharti Airtel Shares Rise 10% To Record High - Here's Why
Bharti Airtel's average revenue per user, a key metric for the telecom sector, rose 25 per cent to Rs 154 at its mobile services business in the country during the quarter ended March 31.
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Bharti Airtel Shares Spike Over 8% As March Quarter Revenue Jumps
At 9:53 am, Bharti Airtel shares traded 7.89 per cent higher at Rs 580.60 on the BSE, outperforming the benchmark S&P BSE Sensex index which was up 1.73 per cent.
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Fuel Sales Up By Over 70% From April to May, Sign That Worst May Be Over
Trucks returned to the roads and motorists jumped in their cars to drive to work following the easing of some lockdown restrictions.
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Sensex Opens Over 400 Points Higher Tracking Global Markets
At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.
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Sensex, Nifty Likely To Open Higher Today
At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.
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Bharti Airtel Reports Fourth-Quarter Loss Of Rs 52.37 Billion
The company, India's third-largest telecom operator by subscribers, posted a loss of Rs 52.37 billion for the three months ended March 31, compared with a profit of Rs 1.07 billion a year earlier.
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India's Fuel Demand Recovery Gathers Pace As Lockdown Eases: Report
Indian refiners, which had cut crude processing because of a fall in fuel demand, are now gradually raising output
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Goldman Sees Worst India Recession With 45% Second Quarter Slump
Gross domestic product will contract by an annualized 45% in the second quarter from the prior three months.
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Sensex Drops Over 1,050 Points As Relief Package Fails To Enthuse Investors
Nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Private Bank index's 7 per cent fall.
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Why Rs 21 Lakh Crore Package May Not Give Immediate Boost
Many observers are wondering how many of these steps are actually new or had been in the pipeline already.
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Diageo Exploring Options To Delist United Spirits: Report
Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns about 56 per cent stake in United Spirits after slowly building it up over several years
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"Covid Hit Us With Huge Blow Of Uncertainty": Swiggy CEO To Employees
Food delivery company Swiggy said on Monday that it will lay off 1,100 employees over the next few days.
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Swiggy To Lay Off 1,100 Employees Amid Coronavirus Crisis
The layoffs at Swiggy come as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.
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SoftBank 2019-20 Operating Loss At Record $13 Billion As Tech Bets Hurt
The heavily indebted SoftBank has leveraged its bets to supply further funds to its investing juggernaut - a strategy that is coming under growing strain as valuations tumble.
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Coal India Falls 5% After Government Opens Up Dry Fuel Mining Sector
The Finance Minister Nirmala Sitharaman on Saturday announced commercialisation of coal and an end to the governmental monopoly in the coal sector.
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Maruti Suzuki Resumes Production At Gurgaon Plant; Stock Falls 4%
The country entered the 4th phase of the lockdown, albeit with less restrictions, to curb the spread of Covid-19.
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Sensex, Nifty Plunge Over 2%
Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...
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Alibaba Co-Founder Jack Ma Resigns From SoftBank Board
The departure of Jack Ma comes as he pulls back from formal business roles to focus on philanthropy.
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Virus Lockdown Mints More Than A Million New Stock Traders In India
Finance Minister Nirmala Sitharaman offered $72 billion in credit lines to small businesses and power distributors on Wednesday, as part of a package totaling $265 billion to restart the economy...
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Reliance Industries Gains Over 1% On General Atlantic-Jio Platforms Deal
The deal, announced on Sunday evening, marks Jio Platforms' fourth major deal with a US-based technology investor within a month
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Sensex Falls Over 200 Points, Nifty Slips Below 9,100 Amid Choppy Trade
Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...
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"Delighted," Says Mukesh Ambani's Son Akash On General Atlantic Deal
Billionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early investor in Airbnb Inc. and Uber Technologies Inc.
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Sensex, Nifty Likely To Open Lower Today
Last Friday, the S&P BSE Sensex index had ended 25.16 points - or 0.08 per cent - lower at 31,097.73 and the broader NSE Nifty 50 benchmark at 9,136.85.
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Reliance Industries In Rs 6,598-Crore General Atlantic Deal
Mukesh Ambani launched the Jio telecoms venture in late 2016, driving several rivals out of the market and pushing others to consolidate.
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Government To Privatise State-Run Firms, Suspend New Insolvencies
The government has been trying to divest parts of state-run companies in sectors ranging from aviation to power to fill its coffers, but it has confronted weak investor sentiment and limited demand.
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US-Based Global Atlantic To Invest Rs 6,598 Crore In Reliance Jio
This is the fourth investment, in less than a month, that Jio Platforms has attracted
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All Sectors To Be Open To Private Players, Announces Nirmala Sitharaman
A list of strategic sectors will be drafted, where a maximum of only four public sector enterprises will remain
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Insolvency Proceedings To Be Suspended Up To A Year
Minimum threshold for initiating IBC proceedings against MSMEs has also been extended
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COVID-19 Economic Package Worth Rs 20,97,053 Crore. See Breakup Here
Finance Minister Nirmala Sitharaman detailed the breakup of the Rs 20.97 lakh crore economic package
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Government Allocates Additional Rs 40,000 Crore Under MNREGA
The allocation is made over and above the budgetary estimate of Rs 61,000 crore for the current financial year
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Nirmala Sitharaman Announces Fifth Set Of Economic Measures: Highlights
"Atma Nirbhar Bharat" Economic Package: Finance Minister Nirmala Sitharaman announces fifth tranche of measures
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Nirmala Sitharaman's 4th Set Of "Atma Nirbhar Bharat" Measures: 10 Points
Finance Minister Nirmala Sitharaman on Saturday announced structural reforms for eight sectors, including introduction of commercial mining in coal and easier foreign investment norms for defence...
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Coal Can Be Mined On A Commercial Basis, Says Finance Minister
A total of 500 mining blocks will be offered through an open and transparent auction process, with nearly 50 blocks to be offered immediately.
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Nirmala Sitharaman Addresses Media On Measures To Battle COVID-19
Finance Minister Nirmala Sitharaman on Friday announced a Rs 1 lakh-crore fund for strengthening farm gate infrastructure to support farmers.
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Industry Body Seeks Package For Exporters Amid Falling Trade
The country's exports contracted by a record 60.28 per cent to $10.36 billion in April amid the coronavirus-triggered lockdown, according to official data.
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Latest On The Spread Of The Coronavirus Around The World
The euro zone economy saw its deepest contraction on record in the first quarter, as expected by markets, as a result of lockdowns introduced in March.
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Banks Adopting Different Procedures To Release Pensions, Says Government
There are 65.26 lakh central government pensioners.
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Exports Plunge 60 In April Amid Coronavirus Pandemic
The trade deficit narrowed to $6.76 billion. Trade deficit in April 2019 stood at $15.33 billion.
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Merchandise, Services Imports Fall 47% In April; Exports Down 37%
Trade weakened as the country remained in an extended weeks-long lockdown to curb the spread of the coronavirus pandemic.
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Rupee Ends Flat At 75.58 Against US Dollar
Forex traders said the local currency was trading in a narrow range amid rising risk-aversion in the broader financial markets.
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COVID-19 Pandemic Threatens To Derail Retail Boom For Lenders
A near two-month nationwide lockdown to halt the spread of COVID-19 has clobbered the country's retail financial segment. The provisions for the bad loans are set to significantly shrink profits of...
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Government Projects Fourth Consecutive Year Of Record Food Grain Output
Total food grains production includes crops grown during both kharif (summer) and rabi (winter) seasons.
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Nirmala Sitharaman Announces Rs 1 lakh Crore Boost For Agriculture Infra
Focus on short-term crop loan will go hand-in-hand with building of long-term agriculture infrastructure, the Finance Minister said.
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Goldman Pushes Ahead With 1,460 India Hires, Internships
US and European banks have postponed decisions about staff cuts for now, saying they are unsure how long coronavirus outbreak will hurt the economy.
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Nirmala Sitharaman On Third Set Of Measures To Battle COVID-19
Economists say more clarity on the funding of any new measures announced by the government will be watched closely.
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Sensex Recovers Nearly 400 Points From Day's Low Led By Gains In Metals
Vedanta was top gainer in the Nifty 50 basket of shares, the stock rose 6 per cent to Rs 95.
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Zomato Announces Temporary Pay Cuts For Employees
He said that starting June, a proposal was made for pay cuts applicable to the entire organisation.
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Are Shadow Banks Eligible For Loan Moratorium? Top Court Asks Centre, RBI
Real estate developers' apex body CREDAI, in an April plea, had argued that the RBI's circular on the moratorium is an "eyewash."
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Banks Refusing To Lend In India Prompt $62 Billion Rescue Deal
A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the lockdown.
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Fertiliser Stocks Witness Selling Pressure In A Weak Market
Finance Minister Nirmala Sitharaman, on Thursday evening, had announced additional liquidity worth Rs 30,000 crore to farm sectorlender, NABARD.
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Additional Rs 30,000 Crore Allocation For NABARD Amid Coronavirus Crisis
Government-owned farm sector lender NABARD will immediately get the working capital for the farmers' needs towards the current kharif crop (May/June) and the post-harvest rabi season.
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Sensex Falls Over 200 Points As Banking, Auto Stocks Drag Markets
Analysts say more details of the economic package will be watched closely for cues.
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Sensex Nifty Likely To Open Higher Tracking Global Markets
Trends on SGX Nifty indicate a positive opening for the index in India with a 54 points gain.
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Rs 10,000 Loan To Be Provided To Street Vendors Under Atma Nirbhar Bharat
50 lakh street vendors will be able to avail Rs 10,000 loan from Rs 5,000 crore special credit facility once the lockdown is lifted, Ms Sitharaman said.
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Government Extends Free Foodgrain Plan, Launches "One Nation, One Ration"
Under "One Nation, One Ration", a ration card holder will be able to draw the allocated ration from anywhere in the country
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Nirmala Sitharaman Addresses Media On Measures To Battle COVID-19
The government has already raised its borrowing plan for the current financial year to Rs 12 lakh crore from the previously budgeted Rs 7.8 lakh crore.
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No Announcement On Paying Salaries Of 12 Crore Workers: Industry Body
The finance minister, on Wednesday, had spelt out plans to provide liquidity support to the small and medium enterprises to the extent of Rs 4.5 lakh crore.
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Sensex, Nifty Close Over 2% Lower
The indices pared some of their intraday losses by the end of the session.
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New Tax Rules - Who They Help And How: Big Points Made By Experts
The first tranche was focused on small businesses while little relief was provided to the salaried taxpayer, say tax experts.
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China Unicorn Creation Falls To Six-Year Low As Investors Play It Safe
Only 4 Chinese startups have reached unicorn status - valued at $1 billion or above - as of May 13, the lowest number for the same period since 2014.
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Wholesale Food Inflation Eases To 3.60% In April
Price changes in all commodities forming the WPI could not be computed "due to non-availability of manufactured product group index", the government said.
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Government Enterprises Stocks Under Pressure
Finance Minister Nirmala Sitharaman had stated that state-run firms will continue to pay 12 per cent as PF contribution for employers and employees.
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India Investment Policy Changes Plans For Big Chinese Firms Like Oppo
Companies like Xiaomi and Oppo are looking to expand their businesses into India's financial services market
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Sensex, Nifty Remain Under Pressure; Metal, Financial Stocks Drag
All the Nifty sectoral indices traded in the red, with the exception of FMCG and pharma indices.
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Reliance Industries Drops Over 1% As Shares Trade Ex-Rights
On April 30, billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries had announced fundraising of Rs 53,125 crore through a 1:15 rights issue.
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Rupee Edges Lower To 75.59 Against Dollar
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 100.30.
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Gold Futures Rise, Touch Rs 46,150 Per 10 Grams Mark
Gold Rate Today: At 10:18 am, the gold futures contract (delivery on June 5) traded stronger by Rs 142 - or 0.31 per cent - at Rs 46,123 per 10 grams.
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Gold Rate Moved Higher After US Central Bank Signals More Stimulus
Gold prices rose as much as 0.9 per cent but pared gains after the US central bank chief rejected the idea of using negative interest rates as a stimulative tool.
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Sensex, Nifty Open Lower
Analysts awaited more details of the Atma Nirbhar Bharat package for cues.
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Sensex, Nifty Likely To Open Lower Tracking Global Markets
At 8:18 am, the SGX Nifty futures were down 135.25 points - or 1.44 per cent - at 9,255.75.
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Nirmala Sitharaman Details First Set Of Moves Under "Atma Nirbhar Bharat"
Finance Minister Nirmala Sitharaman unveiled the first set of measures under the government's "Atma Nirbhar Bharat" economic package on Wednesday to support workers and businesses struck by the...
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Tranche 1 From Nirmala Sitharaman: Understanding What's New On Loans
Government will offer bank loans amounting to Rs 3 lakh crore to small businesses, Finance Minister Nirmala Sitharaman said.
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Income Tax Return Deadline Extended, TDS Reduced By 25%
TDS and TCS will be reduced by 25% of existing rates for all incomes apart from salary
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For MSMEs, $40 Billion Unsecured Loans, Guaranteed By Government
The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.
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Government Offers Soft Loans, Tax Concessions To Rescue Economy
The broader spending plan includes measures already unveiled by the government and also by the central bank such as provision for cheap cash to banks and the reduction in its cash reserve ratio.
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Government Announces PF Benefits, Take Home Salaries To Increase
Deduction towards PF from both the employer and employee has been reduced from 12% to 10% for three months.
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EPF Contribution To Be Lowered For Businesses, Workers To 10% Temporarily
EPF contribution to be reduced for businesses, workers for 3 months to 10% from 12%, stays at 12% for state-run firms
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Government Changes MSME Definition, Revises Investment Limit Upwards
A company with investment of up to Rs 1 crore and turnover of Rs 5 crore will now be a micro company, Finance Minister said.
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45 Lakh MSMEs To Benefit Via Rs 3 Lakh Crore Loans, Says Finance Minister
Finance Minister Nirmala Sitharaman announced collateral-free loans worth Rs 3 lakh crore for MSMEs with turnover up to Rs 100 crore till October 31, 2020,
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Highlights: Nirmala Sitharaman Shares Details Of Economic Package
The coronavirus-triggered lockdown has pushed an already-ailing economy into a standstill, hampering businesses and landing thousands jobless.
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Maruti Suzuki Reports 28% Decline In Fourth Quarter Profit
The company's net profit fell to Rs 1,292 crore for the three months ended March 31, compared with Rs 1,796 crore a year earlier
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Sensex Up 2% As Markets Trim Gains; All Eyes On Economic Package Details
Domestic stock markets trimmed early gains on Wednesday after starting the session more than 4 per cent higher, a day after Prime Minister Narendra Modi announced fiscal and monetary support worth Rs...
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Bond Yields Spike Briefly On PM's Announcement Of Economic Package
The benchmark 10-year bond yield opened 12 bps higher at 6.28 percentbut retreated quickly to trade flat on the day by 10:15 am
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How 10% Of GDP Package Breaks Up: Additional Is Rs 13.5 Lakh Crore
Governments and central banks around the world have unleashed unprecedented amounts of fiscal and monetary support for economies that are reeling from the pandemic.
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Sensex, Nifty Up 2% As Markets Give Up Early Gains On Economic Package
Domestic stock markets started Wednesday's session with strong gains a day after Prime Minister Narendra Modi announced fiscal and monetary support worth Rs 20 lakh crore to support an economy...
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Sensex, Nifty Likely To Surge On Economic Package Announcement
The benchmark indices are likely to cheer the announcement of astimulus package worth Rs 20 lakh crore byPrime Minister Narendra Modi.
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PM Modi Announces Economic Package Worth Rs 20 Lakh Crore
The package will focus on land, labour, liquidity and law, PM Modi said
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SGX Nifty sURGES After PM Modi Announces Rs 20 Lakh Crore Package
The Nifty futures traded on Singapore Exchange surged as much as 5.5 per cent or 504 points after Prime Minister Narendra Modi on Tuesday announced an economic relief package worth Rs 20 lakh crore to...
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Manufacturing Contracts By More Than A Fifth In March Amid COVID-19
Economists said manufacturing was expected to face a severe slowdown for the next few quarters even as government plans an economic package.
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Industrial Production Contracts 16.7% In March Amid Coronavirus Lockdown
Industrial production had grown by 2.7 percent in March last year
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Consumer Inflation At 5.84% In March, Remains Lowest In 4 Months
Economists say consumer inflation might not remain the driver of policy due to the rapidly-spreading COVID-19 outbreak.
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Maruti Resumes Operations At Manesar Plant On Single Shift Basis
The company is yet to start operations at its Gurugram facility
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Sensex, Nifty Extend Losses To Second Straight Day
Analysts awaited the release of consumer inflation data due later in the day for more clarity on monetary policy going forward.
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Sensex, Nifty Recover From Intraday Lows; Vedanta Surges 10%
In the last hour of trade, Sensex surged as much as 692 points from the day's lowest level.
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ATM Card Cloning Incidents Reported In Delhi, Customers To Get Refund: SBI
The bank asked customers to report all suspicious transactions to home branches
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IRCTC Stock Gains 5%, Hits Upper Circuit As Special Train Bookings Resume
The uptick comes on the back of the announcement which allowed running of 15 pairs of special trains
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India To Offer Big Tax Holidays To Win New Investments: Report
Trade ministry has proposed a 10-year full tax exemption to companies making new investment upwards of $500 million
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Gold Futures Move Higher, Trade Firm Above Rs 45,900 Per 10 Grams Mark
Current Gold Rate: At 10:37 am, the gold futures contract (delivery on June 5) traded stronger by Rs 151 - or 0.33 per cent - at Rs 45,932 per 10 grams.
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Rupee Depreciates To Hit 75.95 Mark Against Dollar
Rupee Vs Dollar Today: After starting the four-hour session down by 15 paise at 75.88, the rupee declined to an intraday low of 75.95 in the first 30 minutes of trade.
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Sensex, Nifty Track Global Markets Lower
Analysts awaited the release of consumer inflation data due later in the day for more clarity on monetary policy going forward.
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Sensex Nifty Likely To Open Lower Tracking Global Markets
At 8:00 am, the SGX Nifty futures traded down 81.10 points - or 0.88 per cent - at 9,148.00.
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Automakers Warn Of Up To 45% Sales Drop As Economy Slumps Amid Pandemic
India's auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percentlast fiscal year
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State Refiners Scale Up Crude Processing As Fuel Demand Improves
IOC has re-started several units at its refineries and resumed operations at its Panipat naphtha cracker.
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Saudi Arabia To Cut June Oil Output By An Extra 1 Million Barrels A Day
Global oil demand has slumped by about 30 percent as the coronavirus pandemic has curtailed movement across the world
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Sensex Ends Lower After Rallying Over 650 Points Dragged By Banks
Gains in auto, IT and energy shares were offset by losses in banking and financial services counters.
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Sensex, Nifty Off Day's Highs; Auto, IT Stocks Gain, Banks Fall
Six of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index's over 5 per cent gain.
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FICCI Warns Of Massive Job Losses, Calls For Package Worth 4-5% Of GDP
FICCI urged the government to roll out a stimulus package of Rs 9-10 lakh crore
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Coronavirus Crisis: World's Second Oldest Airline Driven To Bankruptcy
Avianca Holdings' bankruptcy filing highlights the challenges for airlines that cannot count on state rescues or on such rescues coming fast enough.
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Bond Yields Surge As Government Borrowing Balloons Amid COVID-19 Pandemic
The government plans to borrow Rs 12 lakh crore in the fiscal year to March 2021, up from the previously budgeted Rs 7.8 lakh crore.
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Rupee Weakens To 75.77 Against Dollar
The rupee was last seen trading 0.23 per cent lower at 75.72 against the dollar in late morning deals, having started the session flat at 75.55.
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Gold Rises As New Wave Of COVID-19 Infections Raises Stimulus Hopes
Massive stimulus measures tend to support gold as it is used as a hedge against inflation and currency debasement.
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Gold Futures Edge Lower, Slip Below Rs 45,700 Per 10 Grams Mark
Gold Price Today: At 10:23 am, the gold futures contract (delivery on June 5) traded down Rs 57 - or 0.12 per cent - at Rs 45,755 per 10 grams.
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Sensex Gains Around 400 Points, Nifty Above 9,350, Led By Auto, Metal Stocks
Domestic stock markets were strong in the mid-morning session as the country remained in the third phase of a nationwide lockdown to curb COVID-19.
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Reliance Industries Gains Over 3% After Company Fixes Rights Issue Date
The Mukesh Ambani-led Oil-to-telecom conglomerate fixed May 14 as the record date for the country's biggest rights issue.
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Mukesh Ambani's Jio May Add Saudi, US Investors To $8 Billion Run: Report
Any new investment into Jio Platforms will add to the $8 billion deal run that Mukesh Ambani has sealed in recent weeks.
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ICICI Bank Weakens 2% Post March Quarter Results
The bank, on Saturday, reported a 26 per cent jump in net profit at Rs 1,221.36 crore for the quarter ended March 2020.
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Indian Start-Ups Become Creative As Coronavirus Crisis Hits Funding
A group of the top venture firms, including U.S. groups Sequoia and Accel, warned start-ups this month that it will be "very difficult" to raise financing anytime soon.
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Sensex Soars Over 500 Points, Nifty Touches 9,400 On Global Cues
Gains across sectors - led by financial, automobile and metal stocks - pushed the markets higher.
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Gap-Up Opening Likely For Sensex, Nifty
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
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Coronavirus Financial Stimulus "Not Sufficient", Says Ex-RBI Governor
The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up
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Not Offering "Emergency Loan Via YONO", Clarifies SBI
SBI also said it will soon introduce a pre-approved personal loan for its salaried customers
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Reliance Industries Fixes 14 May As Record Date For Rights Issue
The company also that the opening and closing dates for the rights issue will be informed separately
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Emirates Airline Posts Rise In Annual Profit, COVID-19 Hits Last Quarter
Emirates, one of the world's biggest long-haul airlines, reported a 21 percentrise in full-year profit
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Coronavirus Inflicts Huge Job Losses In US, Pandemic Breaches White House
Labor Department reported the USunemployment rate rose to 14.7 percentlast month, up from 3.5 percentin February
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IndiGo Announces Pay Cut For Senior Employees For Entire 2020-21
The salary cut will be effected from May till the end of the 2020-21 financial year
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ICICI Bank Net Profit Jumps 26% In March Quarter To Rs 1,221.36 crore
Shares in ICICI Bank had ended 0.30 per cent higher at Rs 337.75 apiece on the BSE on Friday.
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Centre Disbursed Rs 18,253 Crore Under PM-KISAN Scheme During Lockdown
Ms Sitharaman also said that about three crore farmers with agri loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium.
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Government-Run Gold Bond Scheme Opens On Monday: 10 Things To Know
A second instalment of the government-run Sovereign Gold Bond (SGB) scheme will open for subscription from Monday, May 11. The Sovereign Gold Bonds - issued by the Reserve Bank of India (RBI) on...
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Saudi Arabia, US Firms Eye Stakes In Reliance Jio: Report
On Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.
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India's Fuel Consumption Falls 46% To Lowest Since 2007
Consumption of diesel was down about 55.6 per cent year-over-year at 3.25 million tonnes. Sales of petrol dropped by 60.6 per cent from a year earlier to 0.97 million tonnes.
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Government Sharply Increases Borrowing To Rs 12 Lakh Crore
Government will now borrow Rs 30,000 crore via a sale of bonds each week, sharply higher than the Rs 19,000-21,000 crore scheduled earlier.
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Equity Mutual Fund Flows Halve In April As COVID-19 Keep Investors Away
Net flows into mutual funds that invest in equity fell 47 per cent to Rs 6,212 crore in April from Rs 11,722 crore in March, AMFI data showed.
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Government Hikes Market Borrowing Limit To Rs 12 Lakh Crore Amid COVID-19
The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.
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Nirmala Sitharaman Launches Rupee-Dollar F&O Contracts On BSE, NSE
INR-USD future contracts will be available for 22 hours across all time zones for all global participants from GIFT IFSC.
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Reliance Jio Launches New Work From Recharge Plans. Details Here
The new recharge plans launched by Reliance Jio offer 33 per cent more value over competition's annual Rs 2,399 plan, Reliance Jio said.
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Government Had Rs 1.66 Lakh Crore Loans From RBI In May 1 Week
State governments had Rs 3,823 crore loans from RBI in the week ended May 1, compared with Rs 1,063 crore in the previous week, the release showed.
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Bank Loans Rose 6.7% In Two Weeks To April 24, Says RBI
Non-food credit fell Rs 67,910 crore to Rs 102.17 lakh crore, while food credit fell Rs 1,430 crore to Rs 52,643 crore.
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SBI Cards Net Profit Declines 66% in Fourth Quarter
SBI Cards and Payment Services on Friday posted a 66 per cent fall in net profit at Rs 84 crore for the quarter ended March 31
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Latest Investment Caps $8 Billion Deal Run For Mukesh Ambani
Billionaire Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook Inc.
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Sensex, Nifty End Higher Led By Gains In Reliance Industries
The S&P BSE Sensex and NSE Nifty 50 indexes ended higher led by gains in Reliance Industries which rose nearly 5 per cent.
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Rupee Weakens By 45 Paise Against Dollar In Holiday-Truncated Week
The rupee started the session at 75.36 and appreciated to as high as 75.26 paise against the US currency during the four-hour session, amid sharp gains in domestic equities and weakness in the dollar...
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Inflation Likely Fell To A Five-Month Low In April: Poll
The May 5-7 poll median of more than 40 economists predicted India's annual consumer price inflation fell to 5.68% in April from March's 5.91%.
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Moody's Sees India's Economic Growth At 'Zero'' In Current Financial Year
Analysts across the board have been certain about the heavy economic toll that the pandemic will take on the country.
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Templeton Apologises To Sebi, Says Committed To Refund Investors
Franklin Templeton India has issued an apology to SEBI for any misunderstanding regarding the recent closureof its India schemes.
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SEBI Rebuts Franklin Templeton, Says Focus On Returning Investors' Money
The new regulations were enforced after the collapse of a major infrastructure financier in September 2018, SEBI said.
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HCL Tech Gains 2% On Rise In Fourth Quarter Net Profit
HCL Tech sharesshed nearly 1 per cent on the BSE after the IT major reported a 4 per cent rise in net profit at Rs 3,154 crore in March quarter.
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Reliance Industries Soars Nearly 3% Post Reliance Jio-Vista Equity Deal
This is the third high profile-investment in Reliance Jio in the past one month after the stake purchase by Facebook and Silver Lake.
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Sensex Opens Over 600 Points Higher, Nifty Above 9,350
Analysts awaited financial results for the January-March period from large cap companies.
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Sensex, Nifty Likely To Open Higher Tracking Global Markets
At 8:24 am, the SGX Nifty futures were up 93.00 points - or 1.01 per cent - at 9,297.25.
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US-BasedVista Equity Partners To Take Over 2% Stake In Reliance Jio
Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks, Reliance Industries said.
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3.2 Crore Account Holders Availed RBI's Moratorium, Says Finance Ministry
Government also said that during March and April, the PSBs sanctioned loans worth Rs 5.66 lakh crore for more than 41.81 lakh accounts
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SBI To Extend Moratorium To NBFCs To Deal With Cash Flow Problem
The bank would extend the moratorium to NBFCs on a case-to-case basis after assessing their cash budgets
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SBI Cuts Lending Rate By 0.15%, Loans Set To Get Cheaper
From 12 May, the MCLR will come down to 7.25 percent, from the current 7.40 percent
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Sensex, Nifty End Lower Amid Rising Coronavirus Cases
Nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Financial Services index's 1.6 per cent fall.
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HCL Tech March Quarter Profit Rises 4% To Rs 3,154 Crore
Revenue in constant currency terms rose 0.8 per cent on a quarter-on-quarter basis, HCL Tech said.
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Sensex, Nifty Slip Amid Rising COVID-19 Cases; Consumer Goods Stocks Down
Consumer products giant Hindustan Unilever fell 4.3% after GlaxoSmithKline began selling $3.45 billion worth of the company's shares in the open market.
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Gold Futures Move Up To Touch Rs 45,550 Per 10 Grams Mark
Gold Rate: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,914 per 10 grams - excluding Goods and Services Tax (GST).
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Maruti Suzuki To Start Production At Manesar From Tuesday
Maruti Suzuki assured that all activities would be carried out as per the government regulations and in line with the company's high safety standards.
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Forex Markets Shut For Buddha Purnima Holiday
Buddha Purnima2020: Domestic forex as well as debt markets remained shut on Thursday, May 7.
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Here's The Economic Impact Of Mumbai Lockdown
Mumbai contributes 6 per cent to the country's GDP. It is not a surprise that lockdown of the financial capital comes at a huge economic cost.
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Sensex, Nifty Decline 1% Amid Choppy Trade
Analysts awaited more large cap companies to report their financial results for the quarter ended March 31 for near-term direction.
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Yes Bank Hits Upper Circuit On Jump In Q4 Net Profit
Yes Bank, post market-hours on Wednesday reported a net profit of Rs 2,628.61 crore for the quarter ended March 31, as against a loss of Rs 1,506.64 crore for the corresponding period a year ago.
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Sensex Falls Over 300 Points, Nifty Slips Below 9,200 Amid Choppy Trade
Analysts awaited more large cap companies to report their financial results for the quarter ended March 31 for near-term direction.
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Yes Bank March Quarter Profit At Rs 2,629 Crore, Asset Quality Improves
The bank's total interest income fell 7.47 per cent to Rs 5,221.34 crore in the fourth quarter of financial year 2019-20.
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Sensex, Nifty Likely To Open Lower Tracking Global Markets
Analysts awaited more large cap companies to report their financial results for the quarter ended March 31 for near-term direction.
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Maruti Suzuki To Resume Manesar Plant Production From Tuesday
Economic activity is slowly resuming in pockets of the country as the coronavirus (COVID-19) lockdown has entered its third phase in accordance with guidelines issued by the government.
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Now Is The Time For Public Investment Projects, Says IMF
Last month, the IMF forecast the global economy would shrink 3 percent during 2020
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Zomato Targets Push Into Liquor Delivery: Report
Alcohol stores, closed nationwide on March 25, were allowed to re-open this week, generating queues of hundreds of people outside some outlets.
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Bombardier Bags Rolling Stock Tender For Delhi-Meerut RRTS Train Project
The air-conditioned RRTS trains will have economy as well as business class (one coach per train) and a coach reserved for women passengers
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Gold Futures Edge Higher To Rs 45,800 Per 10 Grams Mark
According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,914 per 10 grams - excluding Goods and Services Tax (GST).
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Excise Duty On Petrol Up By Rs 10/Litre, Diesel By Rs 13/Litre: 10 Points
The government on Tuesday increased the excise duty applicable to petrol and diesel. The hike in excise duty - which is an indirect tax levied on the production of goods - on petrol was to the tune of...
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Government Hikes Taxes On Petrol, Diesel; Says Consumers Will Be Unaffected
Taxes and duties on petrol and diesel were increased by Rs 10/litre and Rs 13/litre respectively, but the government said in a statement that local pump prices would not be affected.
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India's Services Activity Collapses As COVID-19 Paralyses Global Economy
The steep downturn in activity underlined the widespread havoc wrought by the pandemic worldwide, with many fearing the worst global recession since the 1930s.
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Centre Appoints Tarun Bajaj As Director On RBI Central Board
The government has appointed Economic Affairs Secretary Tarun Bajaj as a director on central board of Reserve Bank of India, in place of Mr Bajaj will be replacing Atanu Chakraborty, who retired on...
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Sensex Rebounds Over 500 Points From Day's Low, Nifty Above 9,200
Domestic stock markets bounced back into positive territory, amid choppiness, as the country remained in an extended lockdown to curb COVID-19.
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Rupee Weakens By 17 Paise To 75.80 Against Dollar
The currency had settled at 75.63 against the greenback on Wednesday.
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Sensex Falls Over 250 Points As Markets Give Up Early Gains
Analysts awaited more large cap companies to report their financial results for the January-March period.
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Government Nominates Economic Affairs Secretary As RBI Central Board Director
The Centre has nominated Secretary of Economic Affairs Department Ministry of Finance Tarun Bajaj as a director on the Central Board of Reserve Bank of India (RBI).
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Sensex, Nifty Likely To Open Flat
Private sector lender Yes Bank is due to report its financial results for the quarter ended March 31 later in the day.
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Rupee Ends 10 Paise Higher At 75.63 Buoyed By Equities, Asian Currencies
The intra-day high and low were recorded at 75.50 and a low of 75.72 against the US dollar, respectively
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Sensex Ekes Out Gains, Ends Over 250 Points Lower Dragged By Banks
All the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's 3.3 per cent fall.
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Sensex Cracks Nearly 700 Points From Day's High; Nifty Below 9,300
All the 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank index's 2.2 per cent fall.
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Gold Futures Fall Over 1% To Trade Near Rs 45,300 Per 10 Grams Mark
Gold Rate: At 12:50 pm, the gold futures contract (delivery on June 5) was down by Rs 417 per 10 grams - or 0.91 per cent - at Rs 45,390 per 10 grams.
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Gold Price Dips As Coronavirus-Led Restrictions Ease
Gold, which is considered an alternative asset during times of economic and political turmoil, rose 18 per cent last year due to the tariff war and interest rate cuts by the Federal Reserve.
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Markets Off Day's Highs; Auto Stocks Witness Buying, But Banks, FMCG Weak
The markets have trimmed their early gains as buying inNifty auto and IT stocks is being negated by weakness in PSU banks and FMCG counters..
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The US Company That Followed Facebook's Bet On Reliance Jio
Reliance said April 30 that it has received interest from new potential global partners in taking a stake similar to the purchase by Facebook in Jio Platforms.
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Tech Stocks-Heavy Nasdaq Composite Ends Over 1% Higher
Gains in Microsoft, Apple and Amazon shares were the biggest lifts for Wall Street, following mixed reaction last week to reports from big tech names.
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Petrol, Diesel Costlier In Delhi From Today. See How Much You Will Pay
The consumer now has to shell out Rs 71.26 and Rs 69.39 for every litre of petrol and diesel respectively in Delhi.
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Unemployment Rate Spiked To 27.1% In April: CMIE
The unemployment rate - or the share of jobless people in an economy - stood at 27.1 per cent in April 2020 due to a paucity of jobs in the economy.
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Sensex Rises Over 500 Points Tracking Gains In Global Markets
Investors awaited January-March earnings from large cap companies such as ICICI Bank due this week for domestic cues, according to analysts.
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Sensex Opens Over 450 Points Higher Tracking Gains In Global Markets
On Monday, the NSE Nifty 50 index had shed 566.40 points - or 5.74 per cent - to end at 9,293.50, its worst day in six weeks, and the S&P BSE Sensex benchmark tumbled 2002.27 points (5.94 per cent) to...
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Sensex, Nifty May Head Higher On Positive Global Cues
The benchmark indices may open In the green as a late tech-led rally in Wall Street led to a firm opening In Asian markets and SGX Nifty trading also indicated a positive start for the boursesback...
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Xiaomi To Roll Out E-Commerce Service In India To Boost Sales In Lockdown
The service will be rolled out across India and Xiaomi will continue it after the lockdown ends if it is successful
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Constructions Begin Gurugram, Permission Awaited In Noida, Greater Noida
Developers stopped construction works on sites following the nationwide lockdown imposed from March 25
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Coal India Sales Sink On Lockdown Demand Drop
Offtake by customers, such as power generators, fell by 25.5 per cent to 39.06 million tonnes - the deepest fall since at least April 2014.
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Refiners Stockpile Low-Cost Oil, Fill 32 Million Tonne Commercial Storage
Petroleum Minister said India can meet around 20 percentof its domestic demand by storing low-priced priced crude oil
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RBI Chief Discusses Liquidity, Credit Supply With Shadow Banks
The RBI Governor met the shadow banking and mutual fund industry representatives days after the government extended a 40-day nationwide lockdown to curb the spread of COVID-19.
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ITC, Some Unions Lock Horns Over Work During Coronavirus: Report
The company has warned some workers of disciplinary action and pay cuts for missing work during the coronavirus epidemic
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Sensex Crashes Over 2,000 Points After Government Extends Lockdown
The S&P BSE Sensex and NSE Nifty 50 indexes crashed on Monday after the government extended the COVID-19 lockdown by two more weeks. Rising US-China tensions also sapped optimism about a pick up in...
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Gold Futures Jump To Rs 45,800 As Equities Tumble Amid COVID-19
At 2:01 pm, the gold futures contract (delivery on June 5) was up by Rs 270 per 10 grams - or 0.59 per cent - at Rs 45,797 per 10 grams.
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Gold Price Steadies Near $1,700 On Firm Dollar
Spot gold was steady at $1,699.49 per ounce by 0601 GMT (11:31 am in India), having gained over 1 per cent on Friday.
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April Petrol Sales Down 61%, Diesel Down 57%: Report
Overall fuel sales during the month declined by 50 per cent from a year ago, according to provisional industry data.
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Forty Days That Prompted Indian Companies To Write-Off A Quarter
From Thermax to Kalyani Steel Limited, companies are slowly being allowed to resume operations from Monday even though the lockdown has been extended for two weeks.
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With $750 Million Stake For US Firm, Reliance On Track To Cut Debt
Silver Lake's investment, at a 12.5 per cent premium to the equity valuation of the Facebook deal, gives it slightly more than a 1 per cent stake in Jio Platforms.
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Covid -19 Lockdown Drags Manufacturing To Record Low In April: Survey
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, plunged to 27.4 in April from 51.8 in March, by far its lowest since the survey began in March 2005
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India's Factory Activity Slumped To Record Low In April: Survey
The country's manufacturing activity contracted at its sharpest pace on record in April as a lockdown to combat the rapid spread of the coronavirus led to a slump in demand and massive supply chain...
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Hindustan Unilever Shares Fall Over 5% As COVID-19 Hits Profitability
On the BSE, Hindustan Unilever shares dropped as much as 5.27 per cent to Rs 2,080 apiece on Monday.
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Reliance Industries Declines Nearly 3% Post Q4 Results, Silver Lake Deal
The oil-to-telecom conglomerate reported a 39 per cent fall in net profit to Rs 6,348 crore in the fourth quarter ended March 2020.
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Sensex Opens Over 950 Points Lower, Nifty Below 9,550
US stock futures fell 1.7 per cent, indicating a weak start for Wall Street on Monday.
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Silver Lake To Invest Rs 5,656 Crore In Jio: Reliance Industries
The deal comes days after Facebook said it would spend $5.7 billion to buy a 9.99 per cent stake in Jio Platforms.
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Sensex, Nifty Likely To Open Weak
The benchmark indices are likely to start the month of May on a negative note due to weak cues from the global markets amid fears of a renewed US-China trade war.
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CII Bats For More Activity In High Economic Performance Districts
CII has suggested prioritising districts with heavy presence of economic and industrial activity
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Debt Mutual Funds Witness Lower Redemption Since RBI's Liquidity Measure
AMFI said that redemptions under credit risk funds have tapered off "substantially" since the RBI's announcement
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Bank of Baroda, Indian Bank NPAs Soar In Six Years, Reveals RTI Data
The RTI data also showed the banks earned huge amounts from SMS alert service fees and other such charges
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Income Tax Department Tweets COVID-19 Related Phishing Alert
In its tweet, Income Tax Department urgedtaxpayers not to click on any fake link which promises to give refund
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Citing Unsustainable Finances, RBI Cancels CKP Co-Operative Bank Licence
The central bank also requested the Registrar of Co-Operative Societies to "wind up the affairs" of the bank and appoint a liquidator
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Over 10 Crore Face Uncertain Future In Small And Medium-Scale Industries
The sector is demanding for NPA protection and release of pending payments by the government, among other sops.
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RBI Governor Meets Chiefs Of Public, Private Sector Banks
The RBI chief's talks with the heads of banks comes a day after the government extended a 40-day nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.
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Sensex Gains 8% In 4 Days, Clocks Best Week In 4
The markets took positive cues from optimism in global peers about a COVID-19 treatment however subdued large cap earnings kept the gains back home in check, say analysts.
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Women Jan Dhan Account Holders To Get Second Rs 500 Instalment From May 4
The transfer has been staggered over a period of five days to avoid rush at the bank branches.
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Crude Oil Imports Up 1.8% In March, Slowest Pace So Far This Year
Rystad Energy expects COVID-19 to remove nearly 4 million bpd of road diesel demand worldwide in the second quarter, and diesel demand in other sectors to drop by another 1.2 million bpd.
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Coal India Sales Sink Over 25% On Demand Slump Amid COVID-19
More than three quarters of the electricity generated in the country is coal-fired, and Coal India accounts for more than four fifths of India's domestic production.
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Auto Makers Report Nil Sales In A Month For First Time Amid Lockdown
Maruti Suzuki India, Hyundai Motor India, Mahindra & Mahindra (M&M), Toyota Kirloskar Motor (TKM) and MG Motor India reported nil sales as they suspended operations even before the imposition of...
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Newspaper Industry Could Face Losses Up To Rs 15,000 Crore: Industry Body
The Indian Newspaper Society has urged the government to withdraw five per cent customs duty on newsprint.
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Lockdown Saved India From Lot Of Agony: SBI Chairman
Lockdown has saved the country from "a lot of agony", notwithstanding the subdued economic activity during the period, he said.
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Mahindra & Mahindra Reports Zero Domestic Sales Amid COVID-19 Lockdown
Domestic sales of vehicles during the month was completely impacted by the ongoing COVID-19 pandemic and resulting national lockdown, the company said.
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Mukesh Ambani's RIL Expects To Hit Zero Net Debt Before Deadline
The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.
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Non-Subsidised LPG Price Cut By Up To Rs 192 Per Cylinder In Metros
Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. The consumer has to make any additional purchases at the market price.
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Why Reliance Has Cut Pay At Oil Unit, No Salary For Mukesh Ambani
Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.
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Maruti Suzuki Records Zero Monthly Sales For First Time Ever In April
Maruti Suzuki India on Friday reported zero monthly domestic sales for the first time ever in April, as the country remained under lockdown to contain the spread of the coronavirus.
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Latest On The Spread Of The Coronavirus Around The World
US President Donald Trump said the United States plans to accelerate the development of a coronavirus vaccine, an effort that has been dubbed "Operation Warp Speed".
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Apple Boosts Revenues In Pandemic-Hit Quarter, But Profits Take A Hit
Profit dipped to $11.2 billion on sales of $58.3 billion in the fiscal second quarter, compared to net income of $11.7 billion on revenue of $58 billion in the same period a year earlier.
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Amazon January-March Profit Falls 29% On COVID-19 Expenses
The e-commerce leader has been prioritizing "essential items" such as household staples and medical supplies, while working to stem price-gouging from third-party sellers.
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Financial Markets Shut Today For Maharashtra Day Holiday
The spread of the coronavirus (COVID-19) pandemic has battered the financial markets around the globe, as investors assess the effectiveness of policy measures against the outbreak.
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Share Market Latest Updates: British and European futures slipped marginally in Asia, with FTSE futures and EuroSTOXX 50 futures down 0.10 p...
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According to Fitch Ratings, assuming the sluggish pace of lending is maintained throughout the year, total new lending will amount to only 6...
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Annual wholesale price inflation last month was lower than a provisional 3.80 per cent rise in December, and below a 3.65 per cent increase ...
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The stock nosedived as the company said it was working to resolve issues with its advertising platform. from NDTV Profit - Latest https://...
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A company with investment of up to Rs 1 crore and turnover of Rs 5 crore will now be a micro company, Finance Minister said. from NDTV Pro...
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The S&P BSE Sensex index jumped as much as 207.54 points to 39,262.22 in late morning deals, the broader NSE Nifty clocked an intraday h...
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With the above relaxation, more than 70% of the depositors of the bank will be able to withdraw their entire account balance, RBI said. fr...
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Its asset quality improved sequentially as its gross non-performing assets as a percentage of total advances came in at 7.19 per cent versus...
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The Bangalore-based startup sources directly from small manufacturers, farmers and mill owners to supply to neighborhood stores, restaurants...
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Tech Mahindra said its income of operations stood at Rs9,490.2 crore in the final quarter of financial year 2019-20. from NDTV Profit - La...