Indian Market: Sensex ends strong at 33,303.52 pts; 879.42 pts up
Jun 01, 2020, at 05:16 pm
Mumbai/UNI: Benchmark Index of Bombay Stock Exchange on Monday zoomed by 879.42 pts, breaching 33K level to 33,303.52 on strong gloy cues and buying was seen across the board.
Escorts Agri Machinery sells 6,594 tractors in May
Jun 01, 2020, at 04:04 pm
Mumbai/UNI: Escorts Ltd on Monday said that its Agri Machinery Segment (EAM) sold 6,594 tractors In May 2.2. against 6,827 tractors sold in May 2019.
Mahindra's Auto sector sells 9,560 vehicles in May 2020
Jun 01, 2020, at 03:56 pm
Mumbai/UNI: Mahindra & Mahindra Ltd (M&M) overall automotive sales (Domestic + Exports) stood at 9,560 vehicles in May 2020, compared to 45,421 vehicles during May 2019May 2020.
Mahindra's FES sells 24,341 units in May
Jun 01, 2020, at 03:55 pm
Mumbai/UNI: Mahindra & Mahindra Ltd's Farm Equipment Sector (FES), total tractor sales (Domestic + Exports) during May 2020 were at 24,341 units, as against 24,704 units for the same period last year.
MG Motor India May retails sale stands at 710 units
Jun 01, 2020, at 03:48 pm
Mumbai/UNI: MG Motor India has recorded 710 retail sales for the month of May 2020, amidst supply chain constraints.
Indian Rupee up 8 paise against USD
Jun 01, 2020, at 03:36 pm
Mumbai/UNI: The Rupee on Monday advanced 8 paise to close positive at 75.54 against the US Dollar on selling of the greenback by bankers and exporters, dealers at Forex Market said.
France's Renault to slash around 15,000 jobs worldwide
May 29, 2020, at 08:29 pm
Paris/Xinhua/UNI: France's second leading carmaker Renault on Friday announced that it would cut 14,600 posts worldwide and reduce production capacity over the next three years in order to save 2 billion euros (2.22 billion US dollars) and focus on profitable segments of activities.
Italy might face up to 1Mln job cuts due to COVID-19 pandemic
May 29, 2020, at 08:22 pm
Rome/Sputnik/UNI: From 700,000 to 1 million people in Italy might lose their jobs due to the economic effects of the COVID-19 pandemic, the head of industrial employers group Confindustria, Carlo Bonomi, said on Friday.
May 29, 2020, at 08:01 pm
Kolkata/IBNS: Kolkata-based Bengal Chamber recently organized an online panel discussion on "COVID-19 - The Changing Landscape of India's Financial Sector - What Lies Ahead" to focus on the new era banking role, strategies for empowering small players, mutual funds and understanding market, health insurance, general insurance and life insurance strategies in the pandemic affected world.
Bank of India reduces MCLR, MSME, housing and auto loan interest rates
May 29, 2020, at 06:06 pm
Mumbai: Bank of India has reduced its Benchmark Marginal Cost of Funds Lending Rate (MCLR) by 25 bps across all tenors. The one year MCLR is now at 7.70% p.a.
Lockdown: India’s Core sector output contracts by 38.1 pct in April
May 29, 2020, at 06:02 pm
New Delhi/IBNS: Reflecting the impact of the nationwide lockdown to fight against COVID-19, production output of eight core industries shrunk by -38.12 in April 2020%, as per data released by the Indian government on Friday.
Indian Market: Sensex rallied by 223.51 points
May 29, 2020, at 05:42 pm
Mumbai/UNI: The Indian Equity market maintained its positive trend for the third straight session on Friday, as BSE Sensex advanced by 223.51 points to close high at 32,424.10 on brisk buying in Realty, Oil and Gas, Health Care, FMCG and Capital Goods stocks.
Indian Rupee declines by 4 paise against USD
May 28, 2020, at 05:27 pm
Mumbai/UNI: The Rupee on Thursday eased by four paise to close negative at 75.75against the greenback on rising demand for US Dollar by bankers and importers, dealers at Forex Market said.
L& T moves up by 6.17 pc to Rs 903.05
May 28, 2020, at 05:12 pm
Mumbai/UNI: L & T on Thursday rallied by 6.17 per cent to Rs 903.05 a major gainer in 30 scrips of BSE.
Indian market: Sensex shines, surges by 595.37 points
May 28, 2020, at 05:09 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Thursday shot up by 595.37 points to close high at 32,200.59 on brisk buying in Capital Goods, Auto, Industrials and Realty stocks ahead of the expiry of futures and options contracts of May series.
Indian Market: Sensex advanced over 200 pts
May 28, 2020, at 12:31 pm
Mumbai/UNI: The BSE Sensex on Thursday rallied by 222 points to open at 31,827.80 on renewed buying in the Finance, Bankex and Capital Goods, ahead of the expiry of futures and options contracts of May series, amid positive Asian Market.
Indian Rupee down by 17 paise against USD
May 28, 2020, at 11:42 am
Mumbai/UNI: The Rupee on Thursday slipped by 17 paise to 75.88 against USD
Govt's special economic package certainly not an eyewash: Nobel laureate Abhijit Banerjee
May 27, 2020, at 11:42 pm
New Delhi/IBNS: Nobel Laureate and economist Abhijit Banerjee on Wednesday said the special fiscal package of Rs.20 lakh crore announced by the Narendra Modi government is "certainly not an eyewash."
Axis Bank moves up by 14.15 pc to Rs 389.70
May 27, 2020, at 07:44 pm
Mumbai/UNI: Axis Bank on Wednesday rallied by 14.15 pc to Rs 389.79 a major gainer in 30 scrips of BSE.
Indian Market: Sensex zooms 995.92 pts
May 27, 2020, at 07:41 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday zoomed up by 995.92 pts to close high at 31,605.22 on brisk buying in Bankex, Finance, Metal and Technology stocks.
May 27, 2020, at 04:27 pm
Kolkata/IBNS: As in the past, Maruti Suzuki India reached out to educate customers in advance in West Bengal, Odisha, Andhra Pradesh and Jharkhand regions on the do’s and don’ts to avoid damage to vehicles during cyclone Amphan.
Benefits of Data Analysis for a Business
May 27, 2020, at 10:50 am
Data drives the whole universe, and it needs analysis for every second. From numerous points of view, data is unavoidable, and it's disturbing pretty much every known market. The world of business focuses on data for market insights and, ultimately, growth and revenue generation. Even though data is turning into a distinct advantage within the business field, note that small independent companies, corporate and inventive offices use data.
Ranveer Singh spearheads Kotak 811 Campaign on Zero-Contact
May 26, 2020, at 11:52 pm
Kolkata/IBNS: Kotak Mahindra Bank (Kotak) on Tuesday unveiled its Kotak 811 campaign on India’s first zero-contact, Video KYC savings account featuring Bollywood star Ranveer Singh.
How to construct your post pandemic portfolio
May 25, 2020, at 05:48 pm
Lockdown 4.0 has started and that too in a much leaner way. It is expected that life will now limp back to normal from 1st June. It has to. Mankind has always bounced back strongly after every castratrophe creating ways and avenues for a new era. It will be no different this time also.
Is It Okay to Have Multiple Life Insurance Policies?
May 25, 2020, at 01:30 pm
Life insurance is an essential part of financial planning and can provide a level of security that allows you the peace of mind to know that your family will be taken care of if you are no longer around.
May 25, 2020, at 12:53 am
Kolkata/IBNS: ITC Limited said it has entered into a Share Purchase Agreement (SPA) on Saturday to acquire 100% of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices under the trademark ‘Sunrise’.
Will the RBI repo rate cut lead to reduced FD interest rates?
May 22, 2020, at 06:24 pm
The Reserve Bank of India (RBI) announced a 40-basis point cut in the repo rate and reverse repo rate. After the rate cut, the repo rate stands at 4% and the reverse repo rate at 3.35%. This is the third time the RBI Governor Shaktikanta Das has briefed the media, on measures to boost the economy.
ODWEN solves the last-mile delivery problem amid Covid-19 pandemic
May 22, 2020, at 02:07 pm
New Delhi/IBNS: Techstars Bangalore Class of 2020 start up ODWEN brought in a much-needed technology solution to create an integrated warehousing platform amid the Covid-19 pandemic.
RBI cuts repo rate of 40 basis points to 4 pc, term loan moratorium extended
May 22, 2020, at 11:52 am
Mumbai: The Reserve Bank of India on Friday announced a cut in the repo rate of 40 basis points to bring it down to 4 percent.
Need funds urgently? A pre-approved personal loan may be the answer
May 21, 2020, at 01:09 pm
During these uncertain times, managing all your financial obligations may seem like a burden. And while the obvious solution may seem like dipping into your savings, it may not be the best option. A pre-approved personal loan may be the better answer to finding the money you need.