RIL once again overtakes TCS to become the most valued firm

RIL once again overtakes TCS to become the most valued firm

Tuesday, 31 March 2020 | PTI | New Delhi

Reliance Industries Limited (RIL) on Tuesday surpassed TCS to grab the title of most valued firm by market capitalisation. At close of trade, the market capitalisation (m-cap) of RIL was Rs 7,05,211.81 crore, which was Rs 21,133.32 crore more than that of Tata Consultancy Services' Rs 6,84,078.49 crore valuation on the...

FinMin asks banks to ensure adequate cash to meet cash demand post salary transfers

Tuesday, 31 March 2020 | PTI | New Delhi

With salary day drawing near, the finance ministry has asked public sector banks to ensure enough cash to meet the heightened demand across the country amid the 21-day lockdown triggered by the coronavirus outbreak. Bank branches have been asked to remain open for facilitating withdrawal of money to be credited through...

Sebi eases processing of documents for FPI

Tuesday, 31 March 2020 | PTI | New Delhi

Relaxing compliance requirement for foreign portfolio investors (FPIs), markets regulator Sebi on Monday allowed scanned copies of documents for renewing registration in the wake of coronavirus pandemic. The relaxation has been given till June 30, the Securities and Exchange Board of India (Sebi) said in a circular. “In light of the...

Rs settles 70 p lower at 75.59 against $

Tuesday, 31 March 2020 | PTI | Mumbai

The rupee settled 70 paise lower at 75.59 (provisional) against the US dollar on Monday amid 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...

Trump says to talk with Putin on low oil prices

Tuesday, 31 March 2020 | AFP | Washington

President Donald Trump on Monday said he will shortly be talking with his Russian counterpart Vladimir Putin about plunging oil prices and the impact on US producers. “One of the subjects we’re going to be talking about is energy,” Trump told Fox News in an interview. He said the phone call...

Saudi to raise oil exports to record levels as price war rages

Tuesday, 31 March 2020 | AFP | Riyadh

Saudi Arabia on Monday said it will raise its oil exports to a record 10.6 million barrels per day starting from May, escalating a price war with Russia. Oil prices are languishing at 17-year lows as the coronavirus pandemic threatens a global recession that will send demand plummeting. Saudi Arabia, the world’s...

Markets extend losses as virus cases spike

Tuesday, 31 March 2020 | PTI | Mumbai

The BSE Sensex crashed over 1,375 points on Monday, pressured by heavy selling in banking, finance and auto counters, as sentiment remained grim amid a steady rise in coronavirus cases. The number of Covid-19 cases in India shot past the 1,000-mark on Monday, with the death toll rising to 29. Investors dumped...

Sensex plummets 1,375 pts; Nifty ends below 8,300

Sensex plummets 1,375 pts; Nifty ends below 8,300

Monday, 30 March 2020 | PTI | Mumbai

Equity benchmark Sensex plummeted over 1,375 points on Monday, tracking heavy losses in banking and auto stocks, amid an unsettling spike in Covid-19 cases. After plunging over 1,500 points during the day, the 30-share BSE barometer ended 1,375.27 points or 4.61 per cent lower at 28,440.32. Similarly, the NSE Nifty fell 379.15...

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