TCS again becomes most valued Indian firm by market cap
Tata Consultancy Services (TCS) on Friday reclaimed its status as the country's most valued firm by market valuation. At close of trade on Friday, the market capitalisation of TCS was at Rs 6,82,408.68 crore, which was about Rs 6,959.73 crore more than that of RIL's Rs 6,75,448.95 crore valuation on the...
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Sensex snaps 3-day rally, ends 131 pts lower on recession fears
27 March 2020 | PTI -
Yes Bank shares zoom 25 pc after board approves fund raising plan
27 March 2020 | PTI -
RBI asks lending firms to allow 3-month moratorium on EMI payments
27 March 2020 | PTI -
Rupee rallies 81 paise to 74.35 against USD after RBI announced measures to support economy
27 March 2020 | PTI -
Sensex rallies over 1,100 pts; Nifty tops 9,000 level
27 March 2020 | PTI -
Moody's slashes India GDP growth in 2020 to 2.5 pc
27 March 2020 | PTI -
Market clocks best 3-day rally in years
27 March 2020 | PTI
Asia markets mixed as US lawmakers debate stimulus
Asian markets mostly rose or clawed back early losses on Thursday as investors breathed a sigh of relief that US senators have finally passed a gargantuan stimulus package for the world’s top economy after being delayed by wrangling over details. Unprecedented USD 2 trillion plan — described by Senate Majority Leader...
Crisil cuts FY21 growth estimate sharply to 3.5%
The severe dent in the economic activity due to the coronavirus pandemic led rating agency Crisil to sharply cut its growth estimate for 2020-21 to 3.5 per cent, on Thursday. Earlier, the agency had predicted an economic growth of 5.2 per cent for the next financial year. The agency welcomed the Rs...
Unitech board working on resolution plan to complete stalled realty projects: Hiranandani
Crisis-hit Unitech’s board, which has been superseded by the Central Government, is working on a resolution plan to complete stalled realty projects but the pace has slowed due to the coronavirus pandemic, its member Niranjan Hiranandani said on Thursday. “Board is working on resolution plan but now, with the pandemic...
E-commerce companies temporarily stop taking orders for non-essential items
E-commerce companies Paytm Mall, Amazon and Flipkart have temporarily stopped taking orders for non-essential items due to restrictions imposed during the nationwide lockdown to stop the spread of coronavirus. The companies had on Wednesday complained about their delivery staff being punished by local police despite government orders to exempt them from...
ESAF Small Finance Bank gets Sebi’s go-ahead for Rs 976 cr IPO
ESAF Small Finance Bank has received capital markets regulator Sebi’s go-ahead to float a Rs 976-crore initial public offering. The company had filed draft papers with Sebi in January and obtained its “observations” on March 20, as per the latest information available with the markets watchdog. Sebi’s observations are necessary...
Yes Bank board okays fund raising of Rs 5,000 cr
Cash-starved private sector lender Yes Bank on Thursday approved a proposal to raise Rs 5,000 crore by way of share sale, including qualified institutions and rights issue. The board meeting held on Thursday cleared this proposal. This fund raising will be over and above Rs 10,000 crore cleared on February...
More than dozen PSBs announce COVID-19 emergency credit line
More than a dozen public sector banks have announced COVID-19 Emergency Credit Line to deal with the hardships faced by various sectors of the economy. Though public sectors banks (PSBs) were quick to respond with steps to deal with the hardships faced by various sectors of the economy, private sector banks...
