Rupee slides 53 p to settle above 76 mark amid meltdown in equities
The rupee settled 53 paise lower at 76.13 against the US dollar on Friday amid a significant rise in coronavirus cases in the country and weak domestic equities. Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. Moreover, strengthening of the...
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RBI reduces trading hours for debt, currency markets from April 7
04 April 2020 | PTI -
India, China trade declines by 12.4 in first first two months amid coronovirus outbreak
04 April 2020 | PTI -
Fitch sees India GDP growth in FY21 at 2%
04 April 2020 | PTI -
India’s share in world market cap below historic average: Report
04 April 2020 | IANS -
NAFED contributes Rs 5 crore to PM-Cares fund
04 April 2020 | PNS -
POWERGRID commits Rs 200 crore to PM-CARES Fund
04 April 2020 | PNS -
Investor wealth tumbles Rs 4.82 lakh cr in two days of market fall
03 April 2020 | PTI
Sensex slumps 674 pts; Nifty drops below 8,100
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as unabated spike in new Covid-19 cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower...
Airtel, Jio to continue gaining market share due to VodaIdea's worsened financial health
Bharti Airtel and Reliance Jio will continue to gain market share at the cost of Vodafone Idea's "worsened" financial health that may deteriorate further in the wake of the AGR judgment, Axis Capital said in a note on Friday. Axis Capital said it has trimmed its revenue estimates for wireless telcos....
Equity market falls, Sensex drops below 28,000 mark
Indian stock market fell over 1 per cent on Friday morning, with the BSE Sensex trading below the psychological level of 28,000. The decline was in tandem with the Asian indices where stocks fell due to the growing number of coronavirus cases and deaths worldwide. The global coronavirus death toll crossed 51,000...
Indian economy to lose $4.64 bn daily during lockdown: Acuite
The ongoing disruption caused by the spread of Covid-19 will have a significant economic consequence with estimates suggesting that every single day of the 21-day nationwide lockdown will cost the Indian economy almost $4.64 billion, Acuite Ratings & Research has said in its latest report. The single-day loss number will translate...
All precautions taken in handling cargo
All precautions are being taken in handling export-import (EXIM) cargo at ports and more than 43,000 crew and passengers have not been allowed to disembark since January 26, in order to prevent the spread of coronavirus, a shipping ministry official said. “Stepping up measures to contain the spread of deadly coronavirus,...
FMCG to liquor makers, all pitch in to make hand sanitisers
The soaring demand for hand sanitisers following the coronavirus pandemic has made several companies —from FMCG players such as Patanjali, Emami, Raymond Consumer Care and Dabur to liquor makers like Radico Khaitan and Diageo — to venture into manufacturing of the disinfectant. Recently, the Ministry of Consumer Affairs had directed State...
Boeing announces voluntary layoff plan
Boeing unveiled a voluntary worker layoff programme on Thursday, telling employees that it hoped to avoid “other workforce actions” as the aviation industry reels from the coronavirus crisis. The initiative was announced by Boeing Chief Executive David Calhoun, who said such belt-tightening was needed amid the hit to the industry caused...
