Indian Market: Sensex down by 1068.75 pts
May 18, 2020, at 05:19 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Monday plunged by 1068.75 points to settle at 30,028.98, inspite of stimulus measures which were announced by the central government, as heavy selling was witnessed in Finance, Bankex, Auto, Realty and Capital Goods stocks.
SpiceJet adds Huangzhou & Tashkent to its international cargo network
May 18, 2020, at 04:56 pm
Kolkata/UNI: SpiceJet, the country’s biggest air cargo operator, added Tashkent and Huangzhou to its international cargo network.
Indian Market: Sensex crashes over 800 pts
May 18, 2020, at 10:41 am
Mumbai/UNI: Though the stimulus measures were announced over the weekend by the Central Government, it failed to cheer the market as investors were expecting huge fresh liquidity infusion into the system to improve the aggregate demand so the BSE Sensex on Monday crashed by 832 pts at 30,265.67 in opening trade.
Indian Rupee down 30 paise against USD
May 18, 2020, at 10:36 am
Mumbai/UNI: The Rupee on Monday dropped by 30 paise to 75.86 in opening trade against the US Dollar on rising demand for US Dollar by bankers and importers, dealers at Forex Market said.
New York-based General Atlantic to buy 1.34 pct stake in Jio Platforms
May 17, 2020, at 10:44 pm
Mumbai/IBNS: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, on Sunday announced an investment of Rs. 6,598.38 crore by New York-based private equity firm General Atlantic, a leading global growth equity firm.
May 17, 2020, at 12:50 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman in the fifth and final process of unveiling the 20 lakh crore 'Atma-Nirbhar Bharat' fiscal package to revive the economy in the aftermath of coronavirus outbreak, announced on Sunday that an additional 40,000 crore will be spent on the MNREGA scheme.
Bengal Chamber organises webinar #RESETINDIA2020 to discuss business strategies post Covid-19
May 17, 2020, at 12:11 am
Kolkata/IBNS: To discuss ways to bounce back and find a way forward in all business sectors post Covid-19, a webinar #RESETINDIA2020 was organized by The Bengal Chamber on Thursday.
India gives push to privatisation in detailing fourth tranche of Rs. 20 lakh crore economic package
May 16, 2020, at 06:48 pm
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman's fourth press conference on Rs. 20 lakh crore economic package, dubbed as a package to build "Aatmanirbhar Bharat" or "Self-reliant India", was largely concentrated with the Narendra Modi government's push to privatisation in multiple sectors through reforms.
LTFS fourth quarter results feel the heat of the ongoing pandemic crisis
May 16, 2020, at 06:15 pm
Kolkata/IBNS: L&T Finance Holdings (LTFH), a leading Indian Non-Banking Financial Company (NBFC), posted profit after tax (PAT) of Rs 386 crore in Q4FY20 compared to Rs 548 crore in Q4FY19.
LIVE: FM Nirmala Sitharaman holds 4th press conference over economic package
May 16, 2020, at 04:20 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman is holding her fourth press conference to give details of the Rs. 20 lakh crore mega stimulus economic package which was announced by Prime Minister Narendra Modi earlier this week.
Indian Market: Sensex slumps 544.97 pts during week
May 16, 2020, at 03:27 pm
Mumbai/UNI: The Indian equity market remained under pressure for another week, as the benchmark Index of Bombay Stock Exchange plummeted by 544.97 points or 1.72 pc to settle at 31,097.73 in a week under review as developments on the coronavirus front likely continued to weigh on investor sentiment.
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Nissan India launches innovative customer centric offers and services
May 15, 2020, at 10:29 pm
Kolkata/IBNS: Nissan India has introduced new car finance schemes and redefined its pick-up and drop service to empower customers with peace of mind and convenience.
Kochi: Rubber market opens after 50 days; price drops
May 15, 2020, at 06:43 pm
Kochi/UNI: After 50 days of shut-down, the rubber trade has resumed in Kerala, but the prices dropped leaving farmers in distress. .
Indian Market: Sensex ends negative at 31,097.73 pts
May 15, 2020, at 05:48 pm
Mumbai/UNI:The BSE Sensex on Friday fell by 25.16 points to settle at 31,097.73 in highly volatile trade as selling pressure was witnessed in Realty, Bankex, Auto and IT stocks amid positive Asian Market.
Nirmala Sitharaman announces 1 lakh crore agri infrastructure fund to revive Covid-hit economy
May 15, 2020, at 05:24 pm
New Delhi/IBNS: In the third tranche of measures to support India's COVID-19 hit economy, Finance Minister Nirmala Sitharaman on Friday announced Rs. 1 lakh crore for funding Agriculture Infrastructure Projects at farm-gate and aggregation points.
Online food delivery app Zomato announces slashing 13 percent of jobs
May 15, 2020, at 04:55 pm
New Delhi/IBNS: Online food delivery app Zomato has announced it will slash 13 percent of jobs.
AgriTech Marketplace SafalFasal unlocks financial access for 75,000 Indian farmers
May 15, 2020, at 04:44 pm
New Delhi/IBNS: Global digital payment solutions leader BPC and its SME Marketplace, SafalFasal, have supported more than 75,000 Covid-hit farmers across India by offering technological and financial solutions to help the farm sector keep food and supply chain rolling, during and after the lockdown phase, the company said in a press release.
Nirmala Sitharaman starts her third press briefingÂ
May 15, 2020, at 04:18 pm
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman on Friday is addressing her third press conference on providing details about the economic package announced by PM Narendra Modi this week during his national address.
Reliance Jio announces new quarterly work-from-home plan
May 15, 2020, at 02:38 pm
Mumbai/UNI: Reliance Jio (RJio), a wholly-owned subsidiary of Reliance Platforms, on Friday announced one more Work-from-Home plan for high data prepaid user.
Nirmala Sitharaman to address her third press conference today
May 15, 2020, at 10:27 am
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman will address a press conference for the third time on Friday.
Datsun launches new BS6-compliant GO & GO+ in India
May 15, 2020, at 09:47 am
Kolkata/IBNS: Automobile giant Datsun India has launched the BS6 compliant of its all-new GO and GO+, the most affordable CVT-equipped (continuously variable transmission) cars in India.
Centre's concessional loans for farmers through Kisan Credit card is a big step: EY India
May 14, 2020, at 11:24 pm
New Delhi/ IBNS: Hours after India's Finance Minister Nirmala Sitharaman on Thursday announced that the Centre has extended the incentives on crop loans, which was due from Mar 1, till May 31, Satyam Shivam Sundaram, Partner, Government and Public Sector, EY India, said the move is a big step towards institutional credit to the marginal and small farmers.
Financial vaccine would revive lives at the bottom of the pyramid: ASSOCHAM president Dr Hiranandani
May 14, 2020, at 10:51 pm
New Delhi/IBNS: The COVID infected economy got the second dose from the finance ministry and would boost the immunity of some of the most underprivileged sections of the society that is the farmers, labourers, street vendors and the tribals, stated Dr Niranjan Hiranandani, President, ASSOCHAM.
Covid: Uber distributing PPE kits, introducing new safety tech feature, mandatory driver education
May 14, 2020, at 09:42 pm
Kolkata/IBNS: To step up safety standards for riders and drivers during the ongoing Covid-19 pandemic, Uber on Thursday launched a comprehensive set of measures, ramped up the distribution of millions of PPE kits to drivers and introduced safety awareness education video courses for them.
May 14, 2020, at 07:12 pm
New Delhi/IBNS: India's Finance Minister Nirmala Sitharaman on Thursday said all migrant workers, who received a body blow due to the anti-Coronavirus lockdown, will get free food grains for the next two months.
IEA believes global oil demand to fall by 8.6mln bpd in 2020
May 14, 2020, at 05:18 pm
Moscow/Sputnik: The International Energy Agency (IEA) said on Thursday that the global oil demand in 2020 would fall by 8.6 million barrels per day, revising downward its previous report.
Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA
May 14, 2020, at 05:11 pm
Moscow/ Sputnik: Global oil supply will fall in May to a nine-year-low of 88 million barrels per day, as the new OPEC+ oil production cuts deal will take effect, the International Energy Agency (IEA) said on Thursday.
LIVE: Nirmala Sitharaman gives details of Modi's 20 lakh crore package
May 14, 2020, at 04:28 pm
New Delhi/IBNS: For the second consecutive day, Union Finance Minister Nirmala Sitharaman is giving the details of Prime Minister Narendra Modi's Rs. 20 lakh crore package on Thursday.
May 14, 2020, at 04:27 pm
Kolkata/IBNS: Following Union finance minister Nirmala Sitharaman's announcement of the first tranche of measures related to Atmanirbhar Bharat, Sushil Mohta, Chairman, Merlin Group and President, Credai, West Bengal, said he hopes that the minister announces SOPs for the real estate industry and financial packages for migrant workers in the next few days.
Coronavirus ‘grim reality’: World economy to shrink by 3.2 per cent, new UN report projects
May 14, 2020, at 03:49 pm
New York/IBNS: Against the backdrop of the raging COVID-19 pandemic, the world economy in 2020 is projected to shrink by 3.2 per cent, racking up some $8.5 trillion in overall losses – wiping out nearly four years of output gains, according to a mid-year economic analysis by the United Nations.