Sensex Slumps 700 Points, Nifty Breaks 8,400 As Financial Stocks Drag

At 10.28 am, the Sensex was at 28,687, weaker by 780 points or 2.5 per cent and the Nifty was at 8,380, down 212 points or 2.5 per cent. f...

4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect

The government's mega merger plan to strengthen the financial system came into effect on Wednesday,combining 10 state-run banks into fou...

Coronavirus Lockdown May Hurt Government's Plan to Sell Record Bonds

The government on Tuesday said it will sell Rs 4.88 lakh crore ($64.5 billion) of bonds in the six months to September. While the number is ...

Oil's Unparalleled Demand Crash Likely To Be Gamechanger For Industry

Goldman sees around 20 million barrels a day flowing into storage in April, while IHS Markit expects the world will run out of space to stor...

Government Promulgates Ordinance To Make PM Cares Donations Tax Free

The ordinance amends a provision in the Income Tax Act to allow 100 per cent deduction on donations to the PM-CARES Fund. from NDTV Profit...

Indian Banks Association Answers All Questions About Loan Moratorium

Last week, the Reserve Bank of India announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on wor...

Interest Rates Cut For PPF, 7 Other Small Savings Schemes

Currently, the Ministry of Finance offers nine types of small saving schemes, including Public Provident Fund (PPF), Kisan Vikas Patra and S...

Markets Set To Open Lower

Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post it...

Government To Borrow More Aggressively In April-September Than Expected

Government plans to issue bonds worth Rs 19,000 crore to Rs 21,000 crore weekly through the first 6 months of the fiscal year that begins on...

Airlines Face Refunding $35 Billion Of Unused Tickets: Aviation Body

The industry group has also estimated that the airlines are expected to burn $61 billion of their cash reserves in the April-June period. ...

Loan Moratorium Measures Begin But Job Loss, Pay Cut Concerns Mount

Job losses and pay cuts continued to haunt many even as authorities promised special facilities, including for migrant labourers from NDTV...

SpiceJet To Cut March Salary As Coronavirus Lockdown Hits Travel Demand

Earlier this month, IndiGo said in an internal memo that it would cut the salaries of most employees by between 5 per cent and 20 per cent. ...

March Sees India's Biggest Monthly Foreign Investor Rout Ever

Foreign institutional investors sold nearly $16 billion worth of equity and debt as of Monday, according to depository data. from NDTV Pro...

Government To Borrow Rs 4.88 Lakh Crore In First Half Of FY 2021

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at Rs 7.8 lakh crore. f...

Fiscal Deficit Touches 135.2% Of Budget Estimate At February-End

The government aims to restrict the fiscal deficit at 3.8 per cent of the GDP or Rs 7.1 lakh crore in 2019-20 from NDTV Profit - Latest ht...

State-Run Banks Allow Borrowers 3-Month Delay In EMIs Over Coronavirus

Last Friday, the regulator announced a slew of steps to strengthen the financial system against the economic fallout from the spread of COVI...

Core Sector Growth Up 5.5% In February, Highest In 11 Months

These industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) from NDTV Profit - La...

Nifty Suffers Worst March Since Inception As Coronavirus Rattle Investors

In the month of March alone, investors wealth worth Rs 37.23 lakh crore was wiped out and the foreign institutional investors till Monday pu...

Sensex Closes 1,028 Points Higher, Nifty Settles At 8,598

Analysts say that volatility cannot be ruled out in the near term as investors assess the rising coronavirus cases against the policy measur...

Bond Markets Rally On New Foreign Investment Category, H1 Borrowing In Focus

RBI announced a new category for foreign investors, while hopes of a reduction in April's borrowing or cancellation ahead of the first-h...

Gold Futures Rangebound Near Rs 43,650-43,800/10 Grams Amid Coronavirus

At 12:08 pm, the gold futures contract (delivery on April 3) was down 0.42 per cent (Rs 186 per 10 grams) at Rs 43,656 per 10 grams. from ...

Coronavirus One Of Toughest Challenges World Faced With: Infosys CEO

It is already working with multiple state governments and NGOs to expand its reach across the country, the Foundation said. from NDTV Prof...

Forex Markets To Remain Shut On Wednesday

The money markets will also remain closed on April 2, April 6, April 10 and April 14. from NDTV Profit - Latest https://ift.tt/2xB0SFX

Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002

Global oil benchmark brent crude plunged as investors faced the growing prospect that the global coronavirus shutdown could last for months ...

Government, RBI Try To Cushion An Economy In Slump Even Before COVID-19

A series of steps announced this year aim to encourage banks to lend. Measures announced by the Reserve Bank of India since early February i...

Gold Prices Set For Sixth Straight Quarterly Gain

The metal was up about 6.5 per cent for the quarter as fears of economic fallout from the coronavirus pandemic provided support for the bull...

Rupee Edges Higher To 75.51 Against Dollar

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global econ...

Sensex, Nifty Open Higher

On Monday, the Sensex had ended 1,375.27 points (4.61 per cent) lower at 28,440.32 - extending losses to a second straight session, and the ...

Markets Likely To Have A Positive Start

The MSCI's broadest index of Asia-Pacific shares outside Japan rise 1.1 per cent. Japan's Nikkei firmed 1 per cent after a jittery s...

Government May Slash Borrowing From Market In April Amid Lockdown: Report

Government is considering options of selling bonds to Life Insurance Corp of India or Reserve Bank of India, finance ministry sources said. ...

Gold Prices Go Up As Coronavirus-Led Growth Fears Spur Safety Buying

Investors' appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months. fro...

Government Eases PF Rules. How To Request A Withdrawal Online

The government last week announced withdrawal of up to 75 per cent of the amount standing to member's credit in the employee provident f...

Banks To Ensure Uninterrupted Services, Says Indian Banks' Association

The Indian Banks' Association has more than 250 members including public as well as private sector banks,co-operative banks and regional...

Sensex Closes Lower For Second Straight Day

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on ...

ICICI Bank Launches Services Via WhatsApp Amid Coronavirus Lockdown. Here's How To Use

In order to initiate the services on their mobile phones, ICICI Bank customers will need to message Hi to the banks verified profile number ...

All Banks Ensuring Branches Open, ATMs Working: Nirmala Sitharaman

All banks are ensuring that their branches are kept open, ATMs filled up & are working, Finance Minister Nirmala Sitharaman said in her ...

Gold Futures Edge Lower, Defend Rs 43,200 Per 10 Grams Mark

Gold Rate Today: At 11:25 am, the gold futures contract (delivery on April 3) was down 0.67 per cent (Rs 291 per 10 grams) at Rs 43,280 per ...

Sun Pharma Says Halol Issues Not Likely To Impact Business, Shares Rise

Sun Pharma said it continues to manufactureand distribute existing products for the US market. from NDTV Profit - Latest https://ift.tt/3d...

Crude Oil Futures Drop As Coronavirus Pandemic Darkens Demand Outlook

The oil markets have been slammed by demand destruction caused by the coronavirus pandemic and the Saudi Arabia-Russia price war that is flo...

Coronavirus Crisis: IndiaNivesh Shuts Portfolio Management Business

IndiaNivesh Investment Managers became one of the first casualties of the current market meltdown in India. from NDTV Profit - Latest http...

Sensex Falls Over 1,100 Points, Nifty Slips Below 8,350 Amid Virus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on ...

Gap-Down Opening Likely For Sensex, Nifty Amid Coronavirus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on ...

Manufacturing Recession Spreads To Services Sector: Report

The COVID-19 pandemic is unique in that it is a supply shock, a demand shock, and also a market shock and as production is curtailed around ...

India To Be Grow Fastest Among G20 Economies Amid Corona Impact: Report

India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed India's G...

Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI

As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara B...

Enough Stock Of Petrol, Diesel, LPG Available To Last Lockdown, Says Indian Oil

The nationwide lockdown that has shut businesses, suspended flights, stopped trains and brought almost entire vehicular movement to a halt, ...

Latest On The Spread Of The Coronavirus Around The World

Stocks across the globe fell on Friday after a historic three-day run-up, as skittish investors kept indices on track for their worst monthl...

State-Run Power Producers Asked To Ensure Supply Amid Virus Lockdown

The ministry has also directed the central electricity regulator to provide three months to distribution companies to make payments to power...

State Bank Of India Cuts Fixed Deposit, Loan Interest Rates: 10 Points

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) ann...

World Already In Recession, Emerging Markets Need $2.5 Trillion, Says IMF

The IMF chief said the COVID-19 disease is adding immense pressure on emerging markets suffering from lost commerce, reduced exports and mas...

Vistara Calls For Leave Without Pay For 3 Days For Senior Employees

Other Indian airlines have already announced their cost-cutting measures as there has been a drastic fall in revenues due to coronavirus out...

Domestic Flights Suspended Till April 14 Amid Coronavirus

Aviation regulator Directorate General of Civil Aviation (DGCA) has extended the suspension of domestic flights by a fortnight till April 14...

RBI Eases Term Loan Repayment Rules. Here's What's In It For You

The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allowborrowers to delay their loan repay...

Amazon, Flipkart Operations Being Disrupted Amid Lockdown: Report

Most of Amazon's 60 plus fulfilment centres in India were shut, with the company still in talks with state authorities to swiftly reopen...

Sensex Breaks Three-Day Winning Run After RBI Move

The RBI cut the repo rate by 75 basis points (bps) to 4.40 per cent, and thereverse repo rate by 90 bps to 4 per cent. from NDTV Profit - ...

Rupee Jumps To 74 Levels Against Dollar After RBI Surprise: 10 Points

The rupee appreciated by as much as 81 paise to return to early 74 levels against the US dollar on Friday, after the Reserve Bank of India (...

Moody's Slashes India GDP Growth Forecast For 2020 To 2.5%

In its Global Macro Outlook 2020-21, Moody's said that India is likely to see a sharp fall in incomes at the estimated growth rate of 2....

Electricity Use Falls To Lowest In Five Months Due To Lockdown

National electricity demand fell to 2.78 billion units on March 25, the first day of the three-week total shutdown called by Prime Minister ...

IndusInd Bank Crashes 27% From Day's High As Trading Volume Spikes

As many as 22.45 lakh IndusInd Bank shares changed hands on the BSE compared with an average of 15.39 lakh shares traded daily in the past t...

RBI To Infuse Rs 3.74 Lakh Crore Liquidity Into Financial System

The Reserve Bank of India (RBI) will undertake repo operation of up to Rs 1 lakh crore to infuse liquidity into the market. from NDTV Prof...

RBI Defers Loan Re-Payment By Three Months To Offset Coronavirus Impact

Commercial, regional, rural, NBFCs and small finance banks can allow 3-month moratorium on payment of all term loan EMIs outstanding on Marc...

RBI Asks Lending Firms To Allow 3-Month Delay On EMI Payments

The Reserve Bank of India has also allowed banks for deferment of interest on working capital loans for the next three months - until June 2...

RBI Refrains From Giving Inflation Outlook; Says GDP Projections At Risk

RBI governor said that the growth projection of 4.7 per cent for the fourth quarter of 2019-20 and 5 per cent for the whole fiscal was ...

RBI Surpassed Market Expectations: Experts On Surprise 0.75% Rate Cut

RBI slashed rates on Friday, following other central banks, in an emergency move to counter the economic fallout from a fast-spreading coron...

SpiceJet Expects A Surge In Demand As The Virus Is Contained

Which airlines are most at risk? Like the virus, the crisis is indiscriminate, affecting everyone from budget operators to national flag car...

Markets Surrender Gains After RBI Cuts Repo Rate

At 11:50 am, the Sensex was trading at 29585, weaker by 344 points or 1.1 per cent and the Nifty was at 8,611, down 30 points or 0.3 per cen...

RBI Cuts Rates To Tide Over "Disruptive" Impact of Coronavirus

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a cut of 75 basis points in the repo rate to 4.4 per cent, after an...

RBI Governor Shaktikanta Das Highlights

The announcement came on the third day of a 21-day countrywide lockdown in India to fight the rapid spread of the coronavirus pandemic. fr...

Moody's Cuts India GDP Growth Forecast To 2.5% In 2020

Moody's said that at the 2020 estimated growth rate, a sharp fall in incomes in India is likely, further weighing on domestic demand and...

Coronavirus To Hit Indian Economy Hard, Amid Slowdown: Reuters Poll

India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six mont...

Sensex Jumps 1,150 Points, Nifty Touches 9,000 Ahead Of RBI Announcement

Equity markets elsewhere in Asia rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronav...

Government Committed To Ensuring Supply Of Essential Goods: Piyush Goyal

"We are committed to ensuring that essential goods reach people in the most convenient and safest manner,"the Minister of Railways...

Sensex Nifty Likely To Have A Positive Opening

MSCIs broadest index of Asia-Pacific shares outside Japan rose 1.0%. Australian shares were up 2.02%, while Japans Nikkei stock index rose 3...

Global Oil Refiners To Deepen Output Cuts As Coronavirus Destroys Demand

Refiners in Asia are now losing money as domestic demand has dried up with people staying at home. from NDTV Profit - Latest https://ift.t...

Will Ask States To Use Rs 31,000 Crore Fund For Building Workers, Says Centre

Union Finance Minister Nirmala Sitharaman on Thursday said that the Centre will direct state governments to utilise the construction workers...

Yes Bank To Raise Up To Rs 5,000 Crore After Government-Led Rescue

The government earlier this month approved a rescue plan which saw State Bank of India take a 49 per cent stake in Yes Bank. from NDTV Pro...

US Offers $58 Billion Aid To Airlines To Avert Bankruptcies

Governments stepped up efforts to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid...

Moody's Warns Of Downgrading Tata Motors

The review is on the Ba3 corporate family rating and Ba3 senior unsecured debt rating, Moody's said in a statement. from NDTV Profit -...

Coronavirus Crisis: Fitch Seeks More Difficulties For Indian Banks Ahead

The agency said Indian banking system is under-capitalised and continues to to saddled with bad loans, despite some successes. from NDTV P...

50 Lakh Medical Insurance Cover For Covid-19 Warriors

The medical insurance cover is a part of the Rs 1.75 lakh crore package announced by the Finance Minister. from NDTV Profit - Latest https...

Exchanges Cut Trading Hours For Commodity Trading Amid Coronavirus

The trading will begin at 9 am and close at 5 pm and the new timings will be effective from March 30 till April 14, the exchanges said. fr...

Sensex, Nifty Surge For Third Straight Day Led By Banking Shares

Mid- and small-cap shares also witnessed buying interest as the Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over 3 per cent each. ...

Five Big Announcements In Finance Minister's Coronavirus Relief Package

Finance Minister Nirmana Sitharaman unveiled a fiscal stimulus package worth Rs 1.7 lakh crore to help the poor and migrants tackle the fina...

Government Provides Relief In PF Contribution, Relaxes Withdrawal Norms

Briefing the media about the measures, Finance Minister Nirmala Sitharaman said that for the next three months, the government will pay EPF ...

Sensex Falls Over 750 Points From Day's High, Nifty Below 8,550

Sensex rallied 1,564 points and the Nifty 50 index surpassed 8,700 mark on hopes of stimulus package for industrial sectors. from NDTV Pro...

Rs 1.7 Lakh Crore-Package For Poor Amid Lockdown: "No One Will Go Hungry"

Finance Minister Nirmala Sitharaman today announced a food security scheme to help the economically weaker sections to tide over the added c...

Centre Announces 1.7 Lakh Crore Package For Poor: "No One Will Go Hungry"

Many economists have warned of a sharp economic impact of the outbreak on India. from NDTV Profit - Latest https://ift.tt/2y1OHlx

Big Basket, Other Online Retailers Resume Partial Operations

There is some clarity on what is permissible during lockdown and assurances that law enforcement authorities will ensure safety of delivery ...

Banks Plan To Shut Down Most Branches During Lockdown: Report

The Reserve Bank of India and major lenders are considering shutting down most branches across the country to prevent tens of thousands of e...

Banking Stocks Soar Folr Second Straight Day On Stimulus Hopes

Banking stocks are seeing frenzied buying for second straight session on expectations of a stimulus package to combat economic fallout of co...

When Will Coronavirus-Hit Global Markets Heal? 12 Charts To Monitor

Stock markets lost almost a third of value, volatility spiked, credit stress soared and a dash for dollar cash worldwide amplified the anxie...

India May See Quarterly GDP Contraction, First In 2 Decades: Economists

With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5 per cent ...

Sensex Opens Over 500 Points Higher, Nifty Starts Day Near 8,450

On Wednesday, the Sensex surged 1,861.75 points - or 6.98 per cent - to end at 28,535.78, and the Nifty settled at 8,317.85, up 516.80 point...

Sensex, Nifty Likely To Open Lower

Equities in other Asian markets edged higher, with MSCI's broadest index of Asia-Pacific shares outside Japan moving up 0.3 per cent. ...

Aviation Sector Stares At Loss Of Up To $3.6 Billion Due To Travel Ban

The pandemic has had a significant impact on the aviation industry due to the stringent border controls by a host of countries. from NDTV ...

Indian Oil Cuts Crude Processing By 25-30% On Low Fuel Demand

Indian Oil Corp, the country's top refiner, has cut crude processing at its refineries by 25 per centto 30 per cent as local demand for ...

Flipkart Resumes Operations, Amazon In Talks With Government

There were massive disruptions on day 1 of the 21-day lockdown as local authorities including police did not allow delivery boys to move aro...

Coronavirus Crisis: GoAir Decides To Reduce Pay Across Board

The airline had earlier said that its top management's pay will be reduced by 50 per cent during this period. from NDTV Profit - Lates...

Sensex, Nifty Log Best Day Since 2009 On $2-Trillion US Stimulus Package

Reliance Industries provided the biggest boost, closing nearly 15 per cent higher seeing its best day since mid 2009. from NDTV Profit - L...

Government Okays Rs 1,340 Crore Recap Of Regional Rural Banks

The Cabinet Committee on Economic Affairs on Wednesday approved the recapitalisation of regional rural banks with total outlay of Rs 1,340 c...

Government Tells Banks To Ready Emergency Credit Lines For Small Businesses

With the coronavirus pandemic causing nationwide lockdown and affecting businesses, the government has decided to pitch in with its support ...

India Likely To Unveil Rs 1.5 Lakh Crore Stimulus Package: Report

Government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance mini...

Walmart Taps Sameer Aggarwal As CEO Of Best Price

Walmart India also said it was working towards identifying future bottlenecks, if they arise, to ensure supply chains remain intact. from ...

Sensex, Nifty Set To Extend Gains To Second Straight Day

Analysts said high volatility cannot be ruled out in the near term amid the rising number of COVID-19 cases. from NDTV Profit - Latest htt...

Some Ports Declare Force Majeure, Could Delay Oil Discharges: Report

The force majeure declaration could delay discharge of crude oil tankers, an Indian refining source told Reuters. from NDTV Profit - Lates...

Government Bans Export Of Key Malaria Drug Amid Coronavirus Outbreak

Government has already banned export of ventilators, sanitizers and personal protection equipment such as masks and clothing to contain the ...

Petrol, Diesel Prices Unchanged For Ninth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for ninth consecutive day on Wednesday amid lockdown across several in the country. In th...

Flipkart Suspends Services As Lockdown Impedes Online Grocery Deliveries

Walmart Inc's Flipkart has suspended services, a notice on thee-commerce firm's website said on Wednesday, as India began a 21-day l...

Gold Futures Jump Nearly 2% Amid Coronavirus (COVID19) Lockdown

At 11:45 pm, the gold futures contract (delivery on April 3) was up 1.57 per cent (Rs 649.00 per 10 grams) at Rs 42,028.00 per 10 grams, com...

How India's Huge Call Centre Industry Is Coping With Lockdown

the call centres and IT services firms that function as the world's back office are struggling to piece together work-from-home solution...

Forex Markets Shut On Wednesday For Gudhi Padwa Holiday

On Tuesday, the rupee had appreciated by 26 paise to end at 75.94 against the US dollar, gaining some ground after sinking to a lifetime clo...

Global Stocks Surge As Investors Place Hopes On US Stimulus

On Tuesday, MSCI's gauge of stocks across the globe rallied 8.39 per cent, the largest single-day gain since the wild swings seen during...

Sensex, Nifty Open Lower

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's l...

Sensex, Nifty Likely To Open Lower As 21-Day Lockdown Begins

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's l...

Government Readying Economic Package, Says Finance Minister

The government may come up with an economic package to prevent the COVID-19 pandemic from causing major harm to the economy. Finance ministe...

Ola Waives Off Lease Rentals For Driver-Partners

Under its leasing programme, Ola offers drivers an option to take a long-term lease for a car by charging a deposit and a daily rental amoun...

Vivaad Se Vishwas Tax Settlement Scheme Extended Till June 30

The decisions come amid the coronavirus scare and total lockdown across 30 states and Union Territories in the country. from NDTV Profit -...

Monitoring Stock Market Volatility, Assures Nirmala Sitharaman

Lately, the India VIX or fear index has jumped to touch new highs on the back of the investors' concerns over the economic fallout. fr...

Finance Minister's Top Announcements On Relief Measures Over Coronavirus

Finance Minister Nirmala Sitharaman announced a slew of relief measures for taxpayers and businesses to aid the fight against the fast-sprea...

Charges On Using Other Banks' ATM, Minimum Balance Waived For Three Months

Addressing a press conference on Tuesday, Finance Minister Nirmala Sitharaman announced that debit card users will not be levied any charge ...

Sensex, Nifty Close 3% Higher

Gains across sectors, led by financial, consumer goods, IT and pharma stocks, backed the upmove in the markets. from NDTV Profit - Latest ...

Government Raises Insolvency Threshold To Rs 1 Crore To Help Small Firms

Government will consider suspending Sections 7, 9, 10 of Insolvency and Bankruptcy Code for six months if the current economic situation con...

Deadline For Filing I-T Returns For FY 2018-19 Extended Till 30 June

Announcing a slew of relaxation measures related to compliance and regulation, Finance Minister Nirmala Sitharaman on Tuesday said that the ...

For 32 Minutes Today, Everything Was Quiet In India's Bond Market

The first signs that Indias Rs 59,25,000 crore sovereign bond market is cracking under the strain of the coronavirus pandemic showed up on T...

Tax Deadlines Now June 30, Corporate Rules Eased: Centre's Corona Relief

Dozens of cities and at least 75 districts across the country entered a second day of lockdownto tackle the spread of coronavirus. from ND...

Petrol, Diesel Prices Stagnant For Eighth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for eighth consecutive day on Tuesday amid lockdown across several in the country. In the...

Rupee Likely To Sink Below 77 Against Dollar Soon, Say Analysts

On Tuesday, the rupee edged higher to 76.02 against the US dollar amid gains in domestic equity markets, compared with the close of76.20 aga...

India Needs Stimulus Plan Or It Risks Crippling Small Businesses, Say Industry Bodies

The government has acted to slow the spread of the virus which has infected 482 Indians and led to ten deaths, such as by advising people to...

Sensex Surges 900 Points, Nifty Reclaims 7,900 Amid Volatility

Buying in heavyweights like Infosys, Reliance Industries, Hindustan Unilever and HDFC helped Sensex and Nifty surge in noon deals. from ND...

How Billionaires Are Responding To PM Modi's Coronavirus Lockdown Call

Reliance Industries Ltd., controlled by India's richest man Mukesh Ambani, has helped equip a hospital in Mumbai dedicated to patients o...

Gold Jumps Over 1% As US Central Bank Ramps Up Support Measures

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 1.8% to 923.99 tonnes on Monday. from NDTV Pro...

Gap-Up Opening For Sensex, Nifty Amid Gains In Asian Markets

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the ...

Coronavirus Crisis: Airplane Makers Boeing, Airbus Take Production Hit

Moody's cut its outlook for the aerospace and defence industry to negative from stable and warned that even when markets recover, the da...

Sensex, Nifty Likely To Open Higher After Worst Day Ever

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the ...

Excise On Petrol, Diesel To Go Up By Rs 8/Litre To Fund Covid-19 Fight

The Finance Ministry has proposed to raise special additional excise duty on petrol to Rs 18 per litre from present Rs 10 per litre. from ...

Day 1 Of Lockdown Sees Confusion Over Rules Hitting Home Deliveries

Though Ministry of Consumer Affairs had urged states to allow some e-commerce deliveries to ensure essential supplies, different state notif...

Sebi Relaxes Compliance Norms For Listed Security Issuers

The Securities and Exchange Board of India (SEBI) on Monday relaxed compliance regulations for listed entities which have listed their non-c...

Gold Futures Cool Off After Rising Over 1% Amid Coronavirus Panic

Gold Rate Today: At 4:38 pm, the gold futures contract (delivery on April 3) was down 0.18 per cent (Rs 73.00 per 10 grams) at Rs 40,285.00 ...

Tax-Related Task Deadline May Be Extended, Says Revenue Officials' Body

The Income-Tax Department is "proactively pursuing" with the government extension of the statutory March 31 deadline to complete i...

Government Asks Banks To Provide Liquidity Support To Corporates: Report

Banks have been asked to make available an additional 10 per centin funds over and above sanctioned working capital loans, but not exceeding...

Sensex, Nifty Plummet As Coronavirus Lockdown Triggers Panic Selling

Monday's trading halt was a second within a period of seven trading sessions, as world markets continued to suffer the worst selloff sin...

Sensex, Nifty plummet Nearly 13% on virus fears after trading halt lifted

Monday's trading halt was a second within a period of seven trading sessions, as world markets continued to suffer the worst selloff sin...

SoftBank To Raise $41 Billion To Expand Share Buyback, Cut Debt

The share buyback will be in addition to the up to 500 billion yen buyback announced earlier this month, in the Japanese tech conglomerate...

Rupee Plunges Below 76 Mark Against Dollar Amid Deepening Coronavirus Crisis

Forex traders said market participants are concerned that the sharp rise in coronavirus cases, with nearly 400 cases in the country, could w...

Corporates Can Spend Social Funds On Measures To Fight COVID-19

The coronavirus outbreak will be treated as a disaster, the Finance Minister said on Twitter. from NDTV Profit - Latest https://ift.tt/399...

RBI May Soon Allow Repurchase Ops In Corporate Bonds, Says Report

The RBI has pledged its readiness to take necessary action to ensure financial system stability, but for now it has refrained from cutting i...

Fuel Prices Unchanged For Seventh Straight Day Even As Crude Prices Slide

Fuel prices across major cities remained unchanged for seventh straight day on Monday amid lockdown across several in the country. In the gl...

Auto Makers Shut Plants Due To Coronavirus Scare

Automobile manufacturers across the country are shutting down manufacturing facilities to contain the spread of deadly coronavirus outbreak....

Auto Stocks Skid As Coronavirus Lockdown Halts Production

The suspension of shipments by China in wake of the coronavirus outbreak will adversely impact the auto and auto-ancillary sectors in India ...

Millions Of Retail Sector Jobs Threatened As Corona Hits Sales, Revenues

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by...

Millions Of Retail Sector Jobs Threatened As Corona Hits Sales, Revenues

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by...

IRCTC Hits Lower Circuit As Passenger Trains Come To A Halt

The closure of food plazas, refreshment rooms, Jan Aahars and cell kitchens across railway stations, will affect the revenues of IRCTC. fr...

Sensex, Nifty Extend Losses As Trading Resumes After Halt Amid Virus Fear

Trading in the domestic stock markets resumed after a 45-minute halt following a 10 per cent plunge each in benchmark indices S&P BSE Se...

Rupee Drops Below 76 Mark Against Dollar Amid Coronavirus Crisis

Foreign investors remained net sellers in Indian capital markets as they pulled out more than Rs 3,345.95 crore on Friday, market data showe...

Sensex Opens 2,307 Points Lower, Nifty Starts Day At 7,946

Analysts say more correction may be up ahead as investors the world over assess the effectiveness of policy measures to curb the spread of t...

Global Stocks Crumble As More Nations Shut For Business To Curb Virus

There was little to cheer in coronavirus news as the global death toll exceeded over 14,000 with more than 300,000 infections. from NDTV P...

Sensex, Nifty Likely To Open Sharply Lower

The Nifty futures were trading at 7,738, lower by 11 per cent, on the Singaporean Exchange around 07:30 hours. from NDTV Profit - Latest h...

After 12% Weekly Loss, Market Recovery To Take A Long Time: Analysts

The S&P BSE Bankex and Finance indices shed 19.47 per cent and 18.86 per cent respectively. from NDTV Profit - Latest https://ift.tt/2...

Equity Markets To Stay Under Pressure As Coronavirus Spreads: Report

The key Indian equity markets -- S&P BSE Sensex and NSE Nifty50 -- might face some pressure in the coming week as investors remain on th...

Jet Fuel Price Cut By 12%; Freeze On Petrol, Diesel Price Continues

Jet fuel prices were slashed by 12 per cent after oil firms reverted back to fortnightly revisions to pass on the benefit of falling crude o...

Hero MotoCorp Shuts All Manufacturing Plants In View Of Coronavirus

The country's biggest two-wheeler maker Hero MotoCorp on Sunday said it has shut all operations at its manufacturers facilities until Ma...

Banks Should Declare 1-Year Moratorium on All Loans: Assocham

Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with...

Cabinet Approves Schemes To Boost Electronics Manufacturing

The Cabinet approved 'production-linked incentive scheme (PLI)' scheme for promoting manufacturing of electronic components. from ...

Coronavirus Crisis: Railways Extends Duration Of Cancelled Tickets Refund

Railways has also increased prices of platform tickets at over 500 railway stations from Rs 10 to Rs 50 to control the huge rush at the stat...

Government Asks Industry To Pay Salary On Time Amid Coronavirus Scare

The government has asked industry chambers to issue advisories to their corporate members asking them to pay employees salary. from NDTV P...

Industry Body For Rs 5,000 Cash Transfer To 20 Crore People Amid COVID-19

CII has suggested that savings from low oil prices could be channelised for additional spending required to keep the wheels of economy movin...

Walt Disney Delays Launch Of Streaming Service In India

The launch of Disney+ through its local partner Hotstar was timed to coincide with the beginning of the Indian Premier League. from NDTV P...

Tata Motors Ready To Halt One Plant If Virus Concerns Deepen

Tata Motors will scale down its operations by the end of Monday and will be prepared to close the plant by Tuesday if things worsen from N...

Market Regulator Sebi Tightens Norms To Limit Volatility On Coronavirus

Sebi and stock exchanges were continuously monitoring market developments and would "take any further suitable actions" as require...

Amid Coronavirus Crisis, Banks Seek More Time For Bad Loan Classification

According to the current norms, an account slips into the NPA category if repayment is delayed by 90 days. India has more than 200 confirmed...

Ready To Halt Pune Plant If Coronavirus Concerns Deepen: Tata Motors

The move by Tata Motors, which owns the British luxury car brands Jaguar and Land Rover, comes as the state recorded the highest number of c...

RBI To Purchase Bonds Worth Rs 30,000 Crore Next Week

The purchase of government securities for an aggregate amount of Rs 30,000 crore will be made in two tranches of Rs 15,000 crore each, RBI s...

Coronavirus: Fiscal Support On Cards For Small Businesses, Says Report

The industry is facing major disruptions in the supply chain owing to the coronavirus outbreak amid weakness in consumption demand. from N...

How Coronavirus Is Undermining Crop Prices, Derailing Rural Rebound

With more than 263 million farmers, the health of the country's farm sector can have a significant impact on the economy. from NDTV Pr...

Equity, Commodity Markets To Remain Open: Maharashtra Health Minister

The Maharashtra chief minister has announced that all shops and offices except those providing essential services in Mumbai would remain clo...

Coronavirus Has Pushed Global Economy Into Recession: Poll

More than three-quarters of economists based in Americas and Europe polled this week, 31 of 41, said current global economic expansion alrea...

India To Top Up Strategic Oil Reserve With Cheaper Crude: Report

India has decided to take advantage of the low oil prices in major producing centres in Saudi Arabia and the UAE to top up its strategic oil...

Sensex, Nifty Close Nearly 6% Higher After Four-Day Selloff

Analysts say investors the world over are weighing the fast-spreading coronavirus pandemic against the policy measures being announced to fi...

Traders To Down Shutters On Sunday Due To Janata Curfew: Trade Body

"On the clarion call of Prime Minister Narendra Modi, 7 crore traders across the country will down their shutters on Sunday, March 22, ...

Government Plans Tighter Controls Under New E-Commerce Policy: Report

The new policy will be the government's latest effort to tighten control over e-commerce and is likely to raise compliance worries for t...

Sensex, Nifty Take Breather From Coronavirus-Fueled Selloff

The rupee, which sank to a new all-time low of 75.3525 against the dollar on Thursday, was last weaker by 0.25 per cent. from NDTV Profit ...

Rupee Gains By 34 Paise To 74.78 Against Dollar

According to the health ministry, the number of coronavirus cases in India increased to 195 on Friday. from NDTV Profit - Latest https://i...

Sensex Rises Over 300 Points, Nifty Above 8,300 Amid Fluctuations

The S&P BSE Sensex index has swung in a range of almost 1000 points between an intra-day low of 27932.67 and high of 28261.63 from NDT...

Fitch Cuts India Growth Forecast To 5.1% For FY'21 Due To Coronavirus Outbreak

Fitch had in December 2019 projected India's growth at 5.6 per cent for 2020-21 and 6.5 per cent in the following year. from NDTV Prof...

Coronavirus Crisis: Fitch Lowers 2020-21 India Growth Forecast To 5.1%

Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained. ...

U.S. Crude Climbs After White House Comments On Saudi-Russia Dispute

U.S crude oil prices edged up as U.S. President Trump hinted that he may intervene in price war between Saudi Arabia and Russia at "app...

Sensex, Nifty Open Higher

PM Modi said on Thursday announced a COVID-19 Economic Response Task Force to deal with the economic fallout of the coronavirus pandemic. ...

Wall Street Posts Cautious Gains After Steep Losses On Coronavirus

The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system c...

Sensex, Nifty Likely To Open Higher Amid Cautious Gains In Global Markets

The S&P BSE Sensex index and the broader NSE Nifty 50 benchmark had declined for four sessions in a row. On Thursday, the Sensex ended a...

Task Force To Be Setup To Review Economic Fallout Of COVID-19: PM Modi

Prime Minister Narendra Modi while addressing the nation on Thursday on the fast spreading coronavirus said that the task force under the le...

Airline Industry Crisis Deepens As Coronavirus Pain Spreads

Crisis for airlines deepened on as Lufthansa warned the industry might not survive without state aid if the coronavirus pandemic lasts a lon...

Airlines Need Up To $200 Billion In Emergency Aid, Says IATA

Up to $200 billion is needed to rescue the world''s airlines during the coronavirus crisis, the global aviation association said Thu...

Coronavirus Scare: Companies Get 45-Day Relaxation For Filing Earnings

Markets regulator Sebi announced a one-month extension to companies for filingearnings for financial year 2019-20. from NDTV Profit - Late...

SpiceJet ''Forced'' To Suspend Most International Flights Till April-End

Major airlines across the world have been curtailing their flight operations drastically as the aviation industry has been hit hard after ma...

RBI Extends Rs 60,000 Crore Credit Line To Yes Bank

To tide over liquidity issue, the Reserve Bank of India (RBI) has extended Rs 60,000-crore credit line to Yes Bank so that it meets obligati...

Sensex, Nifty Extend Losses To Fourth Day As Virus Fears Prevail

Analysts say caution prevailed as investors still gauged whether a slew of measures deployed by policymakers around the world to control the...

Cash Is King As Emergency Stimulus Fails To Stop Market Panic

The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, Japan, the United States and ...

Coronavirus Crisis: IndiGo Announces Pay Cut For Senior Employees

The IndiGo CEO said he would himself take a pay cut of 25 per cent amid the novel coronavirus pandemic that has hit the aviation industry ha...

Government May Again Hike Excise Duty On Petrol, Diesel: Report

On Saturday, the government had raised excise duty on petrol and diesel by Rs 3 per litre that would provide it additional revenue to the tu...

Gold Futures Hover Near Rs 39,800 Per 10 Grams Amid Coronavirus Fear

At 1:20 pm, gold futures were up 0.19 per cent at Rs 39,800 per 10 grams, compared with the previous close of Rs 39,723 per 10 grams. from...

Yes Bank Slides 10% In Afternoon Trade Day After Lifting Of Moratorium

A day after the moratorium imposed on Yes Bank by Reserve Bank of India (RBI) got lifted, the private lender's shares witnessed a downtu...

Foreigners Turn Net Sellers Of Asian Bonds In February On Virus Fears

Foreigners sold a net $3.88 billion worth of regional bonds last month, their largest net selling since April 2018. from NDTV Profit - Lat...

Petrol, Diesel Prices Remain Unchanged For Third Straight Day

Petrol and diesel prices across major cities of the country remained unchanged for the third consecutive day on Thursday even as global crud...

IndusInd Bank Down 4% In Afternoon Trade After Paring Some Losses

Private lender IndusInd Bank witnessed another day of significant losses in the markets as its shares nosedived sharply soon after trading c...

India Considers Easier Loan, Tax Rules To Help Economy Vs Virus

Prime Minister Narendra Modi's administration is under pressure to shield the $2.7 trillion economy from the impact of the virus outbrea...

Rupee Breaches 74.50 Mark To New Record Low Against Dollar

Investors fretted over the sharp rise in coronavirus cases in the country and its impact on the economy, say analysts. from NDTV Profit - ...

Opinion: Coronavirus Risks This Sector In India Worth Rs 2 Trillion

Shutdowns will impair ability of gig-economy workers to repay loans of Rs 2.1 trillion, putting the world's largest microfinance industr...

Sensex Tanks Over 2,150 Points As Coronavirus Cases Increase

Domestic stock markets suffered big losses in early trade on Thursday following a gap-down opening, in tandem with the global peers' con...

Oil Rockets Nearly 20% As Investors Hail Coronavirus Stimulus Spending - For Now

Brent crude was up $2.10, or 8 per cent, at $26.98 a barrel by 0028 GMT after tumbling 13 per cent on Wednesday in a third day of relentless...

Wall Street Slumps Again As Fears Continue To Spiral, Dow All But Erases 'Trump-Bump'

The benchmark S&P 500 index ended down 5.2%, though it pared losses late in the day as the U.S. Senate passed legislation to provide bil...

Sensex, Nifty Likely To Open Sharply Lower

On Wednesday, the S&P BSE Sensex index had shed 1,709.58 points - or 5.59 per cent - to end at 28,869.51 and the broader NSE Nifty 50 be...

Airlines May Ground 150 Planes, Stare At Losses On Corona Impact: Report

All Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shock...

RBI To Buy Government Bonds In Open Markets To Boost Liquidity

Spreads between government bonds and corporate bonds have risen in recent days because of the extreme risk aversion. from NDTV Profit - La...

Banks Shelve Fundraising As Coronavirus Derails Markets: Report

Two PSU banks that were aiming to raise funds to meet growth targets and build up capital for regulatory requirements have shelved their pla...

Yes Bank Resumes Operations As Moratorium Ends

Yes Bank on Wednesday resumed its services as the moratorium imposed on it by the Reserve Bank of India (RBI) was lifted at 6 pm. from NDT...

Entrepreneurs Write to PM, Suggest 2-3 Week Lockdown

In a presentation prepared by the venture capitalists and founders of 51 startups and businesses, including Abhiraj Singh Bhal, the co-found...

Emirates Asks Pilots to Take Unpaid Leave, Qatar Airway Lays off Staff

Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave a...

Government, RBI Mull Relaxing Bad Loan Rules For Virus Hit Sector: Report

The government is discussing increasing timeline by 30-60 days to classify a loan as a bad loan, the source said. from NDTV Profit - Lates...

Sensex, Nifty Crash 15% In Three Trading Sessions On Coronavirus Fears

The Nifty has nosedived as much as 1,548 points or 15.55 per cent and the Sensex has sunk 16 per cent or 5,490 points. from NDTV Profit - ...

Brent Crude Slumps To 4-Year Low As Corona, Price War Spook Oil Markets

Oil prices fell for a third session on Wednesday with UScrude futures tumbling to a 17-year low as the outlook for fuel demand darkened with...

Petrol, Diesel Prices Remain Unchanged For Second Consecutive Day

Petrol and diesel prices across major cities of the country remained unchanged for the second consecutive day on Wednesdayeven as global cru...

Gold Rate Today: Gold Futures Drop Over 2% To Rs 39,354 Per 10 Grams

According to Mumbai-based industry body IBJA or India Bullion and Jewellers Association, the indicative selling price of gold jewellery stoo...

Yes Bank Set To Extend Gains To Day 4 As Lender Set To Resume Operations

In Mumbai,Yes Bank shares were top gainers on the Nifty 50, jumping nearly 50% and gaining for the fourth straight day. from NDTV Profit -...

IndusInd Bank Stock Crashes Over 25%, Bank Denies Market Rumours

At 1.00 pm, the stock was trading at Rs 429, lower by 29 per cent, on the BSE. The shares hit an intra-day high of Rs 638 and a low of Rs 38...

Sensex Crashes Over 1,300, Nifty Drops Below 8,550

The S&P BSE Sensex and NSE Nifty 50 indexes crashed in noon trading as private sector banking shares witnessed sharp selling pressure. ...

Indian Industry Welcomes Rishi Sunak's Coronavirus Action Plan

The Indian industry in the UK has welcomed the -unprecedented- rescue package unveiled by Britain''s Indian-origin Finance Minister ...

Telecom Stocks Trade Mixed After Supreme Court Refuses Relief On AGR Dues

The Supreme Court, in a big setback for telecom companies, dismissed Centre's plea to review its order asking telecom firms to immediate...

S&P Lowers India's Growth Prospects To 5.2% In 2020

S&P Global Ratings said, "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per ce...

Sensex, Nifty Turn Negative Amid Choppy Trade

Selling in banking, financial services and automobile shares pulled the markets lower, however gains in IT and pharmaceutical stocks curbed ...

Sensex, Nifty Open Higher

The Trump administration proposed a $850 billion stimulus package to support the economy, battered by the coronavirus, and also considered s...

US Shares Rebound As Central Bank Boosts Liquidity To Fight Virus Effect

On Tuesday, the Trump administration pursued an $850 billion stimulus package to buttress the economy and mulled sending Americans $1,000 ch...

Auto Companies Seek Supreme Court Permission To Sell Old Vehicles Past Deadline

The Supreme Court in October 2018 had said that all vehicles sold in the country after March 31, 2020 would need to adhere to stricter emiss...

Sensex, Nifty Likely To Open On Positive Note Today

At 8:12 am, the SGX Nifty futures traded 128.25 points - or 1.44 per cent - higher at 9,028.25. from NDTV Profit - Latest https://ift.tt/2...

Salesforce Hires Ex-SBI Boss Arundhati Bhattacharya As India CEO: Report

Ms Bhattacharya, 64, will be based in Mumbai and will join in April, the source added. She is currently chairman of SWIFT India, part of a g...

Rupee Closes At 74.24 Against US Dollar, Wipes Off Almost All Early Gains

The rupee on Tuesday closed after wiping out almost all gains it made against the US dollar in the morning as the equity indices also witnes...

Oil Sinks Below $30, May Fall Further As Recession Fears Weigh

Oil fell below $30 a barrel on Tuesday to its lowest since 2016 as the coronavirus pandemic hits economic growth and oil demand while Saudi ...

Global Stocks Shaky After Worst Crash Since 'Black Monday'

Data showed German investor morale at lows last seen in the 2008 financial crisis, and rating agency S&P Global warned the inevitable gl...

Banks To Appeal For Relief On Bad Loans Amid Coronavirus Concerns: Report

The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at banks and the industry body representing the banks plans t...

Government Halts Key Policy Plans As Revenues Shrink: Report

The income tax revenues contracted 3.5 per cent in the first 11 months of the current fiscal year, which began in April 2019. from NDTV Pr...

Arcelor Mittal Signs Deal to Suspend Plans to Exit Ilva Steelworks

ArcelorMittalsaid on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks...

Will Not Sell Any Share In Yes Bank For Next 3 Years, Says SBI Chairman

Rajnish Kumar on Tuesday said that although he cannot talk about other banks, regarding SBI, "not even a single share will be sold in t...

Yes Bank Withdrawal Cap To Be Lifted Tomorrow: All You Need To Know

The moratorium on crisis-ridden private lender Yes Bank, including a withdrawal limit of Rs 50,000 will be lifted at 6 pm on Wednesday. In a...

Rupee Sheds Early Advances Against US Dollar In Afternoon Trade

Earlier, in the morning, the currency had opened at74.14 and had advanced to an intra-day high of73.86, tracking initial gains in the equity...

Sensex Plunges Over 900 Points, Nifty Below 9,000; Financial Stocks Drag

Banking and financial services stocks were the worst hit. from NDTV Profit - Latest https://ift.tt/2IUPqak

Yes Bank Skyrockets On Moody's Ratings Upgrade

At 1.00 pm, the shares were trading at Rs 58, stronger by Rs 21 or 58 per cent, on the BSE amid a 1.3 per cent rise in the BSE Sensex from...

Scramble To Tackle 'Invisible Enemy' As Virus Causes Historic Market Drop

Coronavirus fears led to a historic drop in US stocks, shut borders and disrupted daily life around the world, as governments took increasin...

Petrol, Diesel Prices Remain Unchanged Across Major Cities

According to the official website of Indian Oil Corporation, on Tuesday, in Delhi, a litre of petrol is priced at Rs 69.59 per litre and die...

Sensex, Nifty Clock Cautious Gains As Coronavirus Pummels Global Markets

Domestic stock markets bounced back from intraday lows on Tuesday amid a mixed trend in Asian peers, as investors nibbled at securities at l...

Gold Futures Trim Losses, Near Rs 39,250 As Equities Post Cautious Gains

Analysts said gold prices are taking a breather as weakness in equities worldwide amid concerns about the coronavirus pandemic pushed invest...

Sensex Falls Over 400 Points, Nifty Near 9,000 Amid Volatile Trade

On Monday, the Sensex had ended 2,713.41 points - or 7.96 per cent - lower at 31,390.07, and the Nifty settled at 9,197.40, down 757.80 poin...

Crude Oil Price Jump By $1 A Barrel Amid Volatility

Brent crude was up 1.5 per cent, or 46 cents, to $30.51 a barrel by 0206 GMT (7:36 am in India), after hitting a high of $31.25. from NDTV...

Asian Stocks Fall After Historic Wall Street Rout

U.S. stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous ...

Sensex, Nifty Likely To Open On A Positive Note

US stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous sp...

Coronavirus Scare: Amazon To Hire 1,00,000 Workers As Online Orders Surge

With shoppers clearing out shelves in fear of quarantines or product shortages, retailers are racing to keep food and hygienic items in stoc...

Ready to Ensure that Covid-19 Effects Are Mitigated: RBI Governor

According to estimates, the coronavirus could shave off 0.4 per cent to 1.5 per cent of global growth. India isn't immune to the impact ...

Coronavirus Pandemic Can Affect Economic Activity In India: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the coronavirus pandemic can affect the economic activity in the co...

Will Use Policy Space At Appropriate Time: RBI Governor Shaktikanta Das On Interest Rates

"RBI has several instruments at its command and stands ready to make sure effects of Covid are mitigated," The RBI Governor emphas...

Rupee Plunges To 74.29 Against US Dollar Amid Foreign Flow Outflows

Forex traders told news agency PTI that investors are on tenterhooks amid mounting fears of a coronavirus-led economic slowdown, even after ...

Yes Bank Depositors' Money Is Safe: Shaktikanta Das

He also said that the central bank will provide Yes Bank with more liquidity if required. from NDTV Profit - Latest https://ift.tt/2WfpRZC...

Sensex, Nifty Close 8% Lower Amid Global Selloff, Virus Scare

Analysts say domestic fundamentals took a back seat as the coronavirus pandemic continued to spook the global markets. from NDTV Profit - ...

RBI Governor To Hold Press Conference At 4 PM Amid Covid-19 Panic

There are speculations that Mr Das may announce a rate cut.If it happens, this will be first inter-meeting rate reduction since the monetary...

Yes Bank To Resume Full Banking Services From Wednesday

The development comes as a group of lenders led by the country's largest bank, State Bank of India (SBI), has committed to pick stake in...

Retail Sector In India Reels Under Coronavirus Concerns

The closure of malls and multiplexes across top cities by state governments has caused the organised retail scene to come to a grinding halt...

Vodafone Idea Pays Additional Rs 3,354 Crore To Telecom Department

The payment comes a day before the Supreme Court is expected to hear the modification plea filed by the telco and other operators. from ND...

Yes Bank Bucks Trend, Shares Rise 47% As Rescue Plan Underway

The bank has received investment commitments of Rs 10,000 crore from the SBI and seven other private sector banks. This fund infusion signal...

Wholesale Inflation At 2.26% In February

Wholesale inflation came in at 2.26 per cent in February, government data showed on Monday. from NDTV Profit - Latest https://ift.tt/38PLr...

Weak Listing For SBI Cards; Shares Fall 12% At Debut

The IPO opened at a discount of Rs 94 or 12.4 per cent at Rs 661 as the worsening scenario on coronavirus continues to batter the markets. ...

Sensex, Nifty Fall In Early Trade

MSCI's index of Asia-Pacific shares outside Japan fell 0.5 per cent, to a level not seen since early 2017. from NDTV Profit - Latest h...

Sensex, Nifty Likely To Open Sharply Lower Today; Yes Bank In Focus

On Friday, the Sensex had ended 1,325.34 points - or 4.04 per cent - higher at 34,103.48 and the Nifty settled at 9,955.20, up 365.05 points...

US Federal Reserve Slashes Rates, Global Central Banks Coordinate To Cushion Coronavirus Blow

Fed slashed interest rates to near zero, pledging billions of dollars in asset purchases and backstopping foreign authorities with cheap fin...

New Security-Related Rules For Debit And Credit Cards To Kick In From Monday

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of car...

Yes Bank Allots Shares To SBI, 7 Private Banks

Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consider...

Petrol, Diesel Prices Cut A Day After Excise Duty Hike

Industry sources quoted by news agency PTI said the reduction in rates would have been higher but for the Rs 3 per litre increase in excise ...

Yes Bank Reports Rs 18,564-Crore Loss For December Quarter

Yes Bank reported on Saturday a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the book...

GST Council Hikes Rates On Mobile Phones from 12% To 18%

Among other decisions, the council rationalised the GST rates on handmade and machine-made matchsticks to 12 per cent from NDTV Profit - L...

Domestic Air Traffic May Decline 15-20% On Coronavirus Scare: Hardeep Singh Puri

Hardeep Singh Puri exuded confidence that India would be in a position to take advantage of opportunities that may arise from the global cha...

Relief For Yes Bank Customers As Withdrawal Limit To End On Wednesday

The moratorium on withdrawals from Yes Bank will be lifted on Wednesday evening after the government notified the restructuring scheme propo...

Petrol, Diesel Prices May Rise As Duty Hiked By Rs 3 Per Litre

the retail price of the two petroleum products will thus increase by Rs 3-4 per litre, depending on the taxation structure in different stat...

India's Forex Reserves Rise $5.69 Billion

As per RBI's weekly statistical supplement, overall forex reserves rose to $487.23 billion from $481.54 billion reported in week ended F...

Airport Authority To Raise $300 Million Through External Commercial Borrowings

AAI Chairman Arvind Singh said the ECBs would help the authority in its plans to double the current passenger handling capacity of 345 milli...

RBI Can Look Into Rate Cut: Chief Economic Adviser

Krishnamurthy Subramanian said that the retail inflation data which was released on Thursday was lower and the core inflation would drop fur...

Indian Stocks Rebound Sharply, But Suffer Worst Week Since 2009

Indexes swung wildly after trading resumed following a 45-minute halt, before staging the third biggest intra-day recovery in Indian market ...

With Rs 1,000 Crore, ICICI Bank To Own 5% Of Yes Bank

ICICI said it will buy 100 crore shares of Yes Bank at Rs 10 per share and hold about a 5 per cent stake. from NDTV Profit - Latest https:...

Cabinet Clears Bailout Plan For Yes Bank: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by t...

Dearness Allowance For Central Government Employees Increased To 21%

The move by is likely to benefit 48 lakh employees and 65 lakh pensioners, Mr Javadekar said. from NDTV Profit - Latest https://ift.tt/38O...

Cabinet Clears Bailout Plan For Yes Bank: Nirmala Sitharaman

The Finance Minister's comments came on a day the stock markets recovered after a 10 per cent plunge in benchmark indices triggered the ...

Sensex Closes 1,325 Points Higher After Hitting Lower Circuit

Sensex rallied as much as 5,380 points or 18.3 per cent and Nifty surged a whopping 18.75 per cent or 1,604 points from the day's lowest...

Rupee Recovers After Hitting New Record Low Of 74.50 Against Dollar

The rupee recovered to as high as 73.92 against the US dollar, regaining strength after dropping below 74.48 to register a new record low of...

Coronavirus Scare: Oil Market Set For Record Surplus, Says Goldman Sachs

The jump in inventories could force some inland high-cost producers to shut production, since storage logistics may be stretched, Goldman Sa...

Sensex Rebounds 5,000 Points From Day's Low, Nifty Tops 10,000

The S&P BSE Sensex and NSE Nifty 50 indexes recovered intraday losses as trading resumed after being briefly halted as the benchmarks no...

Bourses Have Robust Risk Management Framework, Says Sebi

Sebi's statement came hours within the markets resumed trading after a 10 per cent fall in benchmark indices triggered the lower circuit...

Market Fall Significantly Lower Than Global Peers, Says Regulator Sebi

Market Fall Significantly Lower Than Global Peers, Says Regulator Sebi from NDTV Profit - Latest https://ift.tt/2wQZrTh

Government Extends Deadline To Bid For Air India Till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the stat...

Government May Dip Into Record Forex Reserves To Fight Coronavirus

The Reserve Bank of India wants to keep the rupee stable, and will continue using long-term repurchase operations and other liquidity tools,...

World's Richest 500 Lost $331 Billion In A Day In Record Market Dive

The world's 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Blo...

Three Signs That The Battered Rupee Is In For More Pain

Expected swings in the rupee near term are also signaling potential for more declines. from NDTV Profit - Latest https://ift.tt/39YUE0A

Sensex, Nifty Trim Losses As Markets Resume Trading After 45-Minute Halt

Amid another day of mayhem in the domestic markets, the S&P BSE Sensex index recovered2,057.54 points from its day's lowest level of...

Rupee Hits Record Low Of 74.50 Against Dollar Amid Coronavirus Scare

Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any p...

Trading Halted For 45 Minutes, Sensex Down 3,091 Points; Nifty below 9,000

In yet another day of mayhem in the domestic markets, trading was halted for 45 minutes shortly after the opening on Friday as the benchmark...

Crude Oil Falls For Third Straight Day, Set For Worst Week Since 1991

Oil prices were also impacted by record declines in equity markets with Japan's Nikkei 225 falling by 10 per cent on Friday after US mar...

US Markets Fall 10%, Worst Day Since 1987 Amid Coronavirus Fear

A 16-day drop of almost 27% in the S&P 500 has left portfolios in tatters. The suspension of professional sports games, cancelled conven...

Global Markets Suffer Record Meltdown As Global Coronavirus Alarm Grows

Travellers in Europe rushed to board flights to the United States after US President Donald Trump imposed sweeping restrictions on travel fr...

Sensex, Nifty Set For Another Day Of Mayhem Amid Coronavirus Fear

On Thursday, the S&P BSE Sensex index had declined 2,919.26 points - 8.18 per cent - to end at 9,590.15, and the broader NSE Nifty bench...

Trading Halted In US Markets Again As Dow Slips 1,700 Points

Trading in US markets was halted for the second time this week after Dow Jones Industrial Average Index slipped 1,700 points in early trade ...

Current Account Deficit Shrinks Sharply In October-December Quarter

India's current account deficit (CAD) narrowed further in the final quarter of 2019 on the back of a contraction in the trade deficit an...

Tourist Industry Sees Crisis Looming From Coronavirus Visa Ban

Government and industry sources said on Thursday they expected economic growth to slide for at least two quarters. from NDTV Profit - Late...

Lower Food Prices Led To Easing Of February Inflation, Say Experts

Retail inflation came at 6.58 per centin February, government data showed on Thursday, lower than the 6.80 per centforecast in a Reuters pol...

Industrial Output Rises 2% In January

Cumulative growth in April-January over the corresponding period of the previous year was 0.5 per cent, the data showed. from NDTV Profit ...

World Economy Powering Down Daily Makes Recession More Likely

The biggest economic shock since the 2008 financial crisis is raising the risk of a worldwide recession. from NDTV Profit - Latest https:/...

Oil Falls 7% as Trump Surprises With Travel Ban

Oil prices fell on Thursday following surprise travel restrictions imposed by USPresident Donald Trump in an attempt to halt the spread of c...

Consumer Inflation At 6.58% In February

Analysts expect a further deceleration in Asia's third largest economy as the coronavirus pandemic looms over world economy. from NDTV...

Rs 11 Lakh Crore Investor Wealth Destroyed In Worst Day For Markets

S&P BSE Sensex dropped as much as 8.97 per cent or 3,204 points to 32,493 - its lowest in 23 months. from NDTV Profit - Latest https:/...

RBI Asks States Not To Move Deposits Out Of Private Banks

The development comes after on Wednesday, news agency IANS reported that the Maharashtra Government has decided to shut down one of its acco...

Indian Stocks Fall To Worst Day Since 2008 As Pandemic Fuels Growth Fears

Top private-sector lender HDFC Bank Ltd caused the biggest damage to the indexes, diving 8.3 per cent to its lowest close in more than a yea...

State Bank Of India To Buy Rs 7,250-Crore Stake In Yes Bank

The country's largest lender State Bank of India (SBI) on Thursday said that the lender's board has approved ofpurchase of 725 crore...

Sensex Drops 2,919 Points, Nifty Ends At 9,590 In Worst Day For Markets

The slump in domestic markets markets came on the back of losses globally as investors around the world anticipated the COVID-19 pandemic wi...

Airlines Hit As Government Suspends Inbound Visas To Stem Coronavirus

Airline share prices tumbled on Thursday after the government moved to restrict travel into the country in an effort to stem the spread of c...

RBI Eyeing Liquidity-Boosting Steps To Soothe Markets: Report

"The RBI will look to push more liquidity in the market and ease repayment issues to sectors that have been disrupted by supply chains ...

Here Is All You Need To Know About Yes Bank's Additional Tier 1 Bonds

At least 100 retail investors and few hundred companies have lost Rs 10,000 crore invested in Yes Bank's Additional Tier 1 (AT-1) bonds....

Reliance Industries Buys Extra Saudi Arabia Oil For April Loading: Report

State-run Saudi Aramco, the world's top oil exporter, has slashed its selling price for April and announced plans to raise output to a r...

Sensex Crashes Over 2,400 Points, Nifty Breaks Below 9,700

The S&P BSE Sensex and NSE Nifty 50 indexes crashed on Thursday mirroring losses in global markets after the World Health Organisation d...

Rupee Falls By 82 Paise To 74.50 Against Dollar

Domestic stock markets nosedived to a 30-month low as the benchmark index Nifty 50 slid below the 10,000 mark tracking global markets. fro...

Nifty Below 10,000 For First Time Since March 2018 Amid Global Selloff

Analysts had already been gauging the chances of major economies entering recession in the past few weeks due to the fast-spreading coronavi...

Sensex, Nifty Likely To Open Sharply Lower Amid Global Selloff Over Virus

Analysts had already been gauging the chances of major economies entering recession in the past few weeks due to the fast-spreading coronavi...

Coronavirus: Global Stocks Plunge After US Bans Travel From Europe

MSCI's broadest index of Asia-Pacific shares outside Japan lost 4.1% to its lowest level since early 2019, while Japan's Nikkei drop...

Crude Oil Drops Nearly 4% As US Bans Travel From Europe Over Virus Scare

The threat of a flood of cheap supply compounded market concerns as Saudi Arabia promised to raise oil output to a record high in a standoff...

RBL Bank Says It Is Well Capitalised, Concerns 'Misplaced'

RBL Bank on Wednesday said that prevailing concerns around the bank are "misplaced and motivated" and based on "misinformatio...

SBI Waves Average Monthly Balance Requirement For All Savings Accounts

SBI on Wednesday announced waving maintenance of average monthly balance (AMB) requirement for all savings bank account holders. from NDTV...

SBI Cards IPO Allotment To Be Done By 13 March

The much anticipated SBI Cards and Payments Services IPO will undergo allotment ofshares to successful applicants in their Demat accountsby ...

Deal With Bondholders 'In Process', Says Yes Bank Administrator

Under the terms of rescue plan, set out earlier this month, the State Bank of India would take a 49 per cent stake in Yes Bank. from NDTV ...

Sensex, Nifty End Volatile Session On A Flat Note

Gains in Reliance Industries, ICICI Bank and HDFC Bank were offset with losses in Infosys, SBI, IndusInd Bank and Tata Consultancy Services....

State Bank Of India (SBI) Cuts Home, Car Loan, Fixed Deposit Rates

Last month, the RBI maintained the status quo on monetary policy amid high inflation, in line with economists' expectations. from NDTV...

Vehicle Production May Be Critically Hampered Due To Virus: Industry Body

Indian auto industry had already maintained an inventory in the beginning of the year in anticipation of the Chinese New Year holiday but wi...

Mahindra Starts Assembling Vehicles in Kenya's Mombasa

Automaker Mahindra & Mahindrahas started assembling two of its small commercial trucks in Kenya, it said on Monday, becoming the latest ...

Infosys, Qualcomm Join Hands For Smart City Solutions

The programme connects cities, municipalities, state-run agencies and enterprise with Qualcomm Technologies' ecosystem to help deliver e...

Jet Airways' Committee Of Creditors To Meet On Thursday

It is unlikely that Jet Airways will fly again as none of the 3 suitors, which had expressed interest, submitted a resolution plan by the de...

Mukesh Ambani No Longer Asia's Richest: Report

According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma has toppled Mukesh Ambani to get the top spot in Asia. from NDT...

Booking Inquires Down 52% Due To Coronavirus Scare: Yatra

Another feature of airfare trend this time is that on some popular domestic routes, there has been 20-25 per cent decrease in last minute fa...

Sensex Rebounds More Than 350 Points; Reliance Industries Rises 4%

Heavyweight Reliance Industries rebounded 4.1 per cent to Rs 1,159 on the BSE, after the stock suffered its biggest single-day fall in at le...

Coronavirus Crisis: Bank Of England Cuts Key Rate By Half A Per Cent

The Bank of England (BoE) maintained its target for government bond purchases to 435 billion pounds and its corporate bond purchase target t...

Petrol, Diesel Rates Unchanged. Here's How Much You Pay Today

Currently, petrol and diesel rates vary in different parts of the country, depending on factors such as taxes and transportation cost. fro...

How To Receive Latest Petrol And Diesel Prices On Mobile

Petrol, Diesel Price Today: Currently, the prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil ...

RIL Surges 6%, Rebounds From Worst Fall In At Least 10 Years

Reliance Industries shares surged as much as 5.86 per cent to hit an intraday high of Rs 1,178.40 on the BSE as the Mukesh Ambani-led firm r...

Banks Could Lose Billions Of Dollars In Fee-Based Revenues

Major banks are facing increased regulatory pressure and growing competition from new entrants offering no-fee services, Accenture said on W...

Sensex, Nifty Struggle To Stay Positive Amid Volatile Trade

Domestic stock markets gave up most of early gains amid volatile trade on Wednesday, as they resumed trading after a day's holiday. The ...

Sensex Rises Over 300 Points As Markets Recover Early Losses

Many analysts say investors need to remain on guard for further market volatility, because the coronavirus still poses a risk to public heal...

Sensex, Nifty Likely To Open Lower After A Day's Holiday

Many analysts say investors need to remain on guard for further market volatility, because the coronavirus still poses a risk to public heal...

Tata Steel Europe To Cut 1,250 Jobs In Turnaround Push

"Our financial situation is serious and there's an urgent priority to improve the performance of the business and our cash position...

Crude Oil Price Up Nearly 4%, Rises For Second Straight Day

Brent crude futures rose $1.44, or 3.9%, to $38.66 a barrel by 0226 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.12, or 3.3...

A Day After Rout, Wall Street Buoyed On Stimulus Hopes

Wall Street rebounded on Tuesday as investors pinned their hopes on policy easing by major central banks and governments after global market...

Global Stock, Oil Markets Bounce Back After Monday Mayhem

Oil and equity markets staged solid rebounds on Tuesday after the previous day's pummelling, with signs of co-ordinated action by the wo...

India's Thermal Coal Imports Rise 12.6% In 2019

India's thermal coal imports rose 12.6 per centto nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflect...

Foreign Investors Set To Turn Net Sellers In Equity Markets This Month

Tracking a global selloff as investors the world over assess the severity of the spread of the coronavirus (COVID-19) pandemic and whether t...

Foreigners Sell $9-Billion Asian Equities So Far In March

Overseas investors have sold a net $9 billion worth of regional equities so far in March, after offloading $5.6 billion last month, data fro...

Gold Pares Gains After Surging Over 1% As Coronavirus Spooks Equities

Gold Rates On March 9: At 11:30 pm, the gold futures contract (delivery on April 3) were left with a gain of 0.53 per cent (Rs 235) compared...

Petrol Prices See A Huge Cut Across Metros

In the national capital, the prices of petrol and diesel were cut to Rs 70.29 per litre and Rs 63.01 per litre on Tuesday, from Rs 73.28 per...

Customers Can Now Use IMPS, NEFT To Pay Dues, Says Yes Bank

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer se...

Asia Shares Try To Stabilise, Pin Hopes On Policy Stimulus

Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and...

Wall Street Clobbered As Crude Plummets, Virus Crisis Deepens

"There's a lot of fear in the market and if the price of oil continues to move lower it's an indication that a global recession...

Oil Prices Jump 6% After Biggest One-Day Fall Since 1991

Oil prices jumped more than 6 per cent on Tuesday, clawing back some ground on hopes that a price war by top producers Saudi Arabia and Russ...

Stock Markets To Be Shut For Holi On Tuesday

The stock markets crashed by 5 per cent on Monday due to spiking coronavirus cases worldwide and plummeting crude oil prices. The S&P BS...

During March-September 2019, Yes Bank Customers Withdrew Rs 18,110 Crore

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a...

Hopeful of Moratorium Being Lifted This Week: Yes Bank Administrator

In what may calm harried depositors of Yes Bank, its administrator Prashant Kumar on Monday said he is hopeful of the moratorium on the priv...

US Stock Trading Trips Circuit Breaker As S&P 500 Falls 7%: Local Media

Global stocks plunged on Monday and prices for crude oil tumbled as much as 33 per centafter Saudi Arabia launched a price war with Russia. ...

Investors Take Rs 6.84 Lakh Crore Hit In Worst Day For Markets In 4 Years

In the last two days of market meltdown investors' wealth worth Rs 10 lakh crore has been wiped out, BSE data showed. from NDTV Profit...

Cheap Oil May Reduce Inflationary Pressures in India: Government Adviser

A fall in global crude oil prices will likely reduce India's inflationary pressures, a senior government adviser said on Monday, paving ...

Banking Sector Clobbered Amid Fallout From Yes Bank Crisis

The Nifty banking index sunk more than 4 per cent early on Monday, hitting its lowest levels since January 2019, as investors fretted about ...

One Of The Wildest Days In Years For Markets

Panic selling, margin calls, vanishing liquidity and coronavirus work-from-home arrangements were just some of the challenges traders faced ...

Yes Bank Withdrawal Limit Could End "Within A Week": SBI Chairman

His comments come at a time when SBI is leading investment in the troubled private sector lender, whose board was suspended and withdrawals ...

Yes Bank Withdrawal Limit Could End "Within A Week": SBI Chief

The RBI has taken control of Yes Bank, after the debt-laden lender failed to raise the capital it needs to stay above mandated regulatory re...

Markets Crash 5% On Rampaging Coronavirus, Plunging Oil

The S&P BSE ended the day at 35,635, weaker by 1942 points or 5.1 per cent and the Nifty ended at 10,451, down 538 points or 4.9 per cen...

India's Oil Import Bill May Halve If Current Crude Price Holds: Report

India oil import bill is expected to fall by a sharper 10 per cent in FY20 as the increasing spread of Coronavirus and now the fallout of ta...

February Retail Inflation Likely To Fall To 3-Month Low: Poll

Retail inflation likely cooled from recent highs to a three month low in February, due to moderating food prices, but remained above the Res...

Rupee Slips Below 74-Mark Against US Dollar As Fear Grips Markets

The rupee on Monday continued its downward journey as the currency slid below the psychological mark of 74 against the US dollar. The curren...

"Economy Absolutely Stable": Top Government Officer Amid Market Tailspin

Panic gripped financial markets Monday as the world braced for a full-blown price war in oil. S&P BSE Sensex stock index slumped more th...

Reliance Industries Suffers Biggest Loss In At Least 10 Years

Reliance Industries slumped as much as 10 per cent, its biggest single-day fall in at least 10 years, to hit an intraday low of 1,143. fro...

Yes Bank Debt Writedown To Make Capital Raising More Difficult

The takeover of Yes Bank by India's central bank last week comes against the backdrop of a string of scandals in the country's finan...

Oil Drops 31% As OPEC Deal Collapse Sparks Price War, Global Markets Hit

As the global oil benchmark plummeted to as low as $31.02 a barrel, Goldman Sachs Group Inc. warned prices could drop to near $20 a barrel. ...

Opinion: Messy Yes Bank Rescue May Be Costliest Own Goal Since Notes Ban

Arm-twisting government-controlled State Bank of India to inject capital into failing Yes Bank Ltd. was the only option left for New Delhi. ...

Sensex, Nifty Drop 3% As Coronavirus Fears Hurt Global Markets: 10 Points

Domestic stock markets suffered sharp losses in early trade on Monday with benchmark indices slumping nearly 3 per cent, tracking a selloff ...

Sensex, Nifty Likely To Plunge Tracking Asian Peers Amid Coronavirus Fear

Crude oil prices nosedived 31.5 per cent to $31.02 a barrel in their biggest percentage slump since the start of the first Gulf War. from ...

Oil Plunges 30%, Biggest Drop In 29 Years, After Saudi Arabia Cuts Prices

OPEC and other producers supported the cuts to stabilize falling prices caused by the economic fallout from the coronavirus outbreak. from...

Asian Stocks Plunge On Coronavirus Fears; Free-Fall In Oil Prices

Stock markets plunged around Asia on Monday, as panic selling set in with traders fretting over the economic impact of the new coronavirus a...

Indian Banks Have Adequate Capital, No Reason For Worry: Krishnamurthy Subramanian

"It is important to keep this in mind that the international norm for CRAR is 8 per cent and Indian banks on an average have a CRAR of ...

Yes Bank Crisis: Petrol Pump Owners Struggle To Pay Oil Companies

Petrol Pump owners typically have current accounts and each owner makes a daily payment of Rs 30-40 lakh to the oil company. The pump owners...

Six Of Top 10 Firms Lose Rs 95,432 Crore In Market Capitalisation

The market capitalisation (m-cap) of Reliance Industries plummeted Rs 37,144 crore to Rs 8,05,118.67 crore, taking the biggest hit among the...

SBI To Acquire 245 Crore Shares In Yes Bank At A Price Of Rs 10 Each

Under the scheme of reconstruction of Yes Bank, SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore. This w...

Analysts Warn Of "Sharp" Fall Ahead If Coronavirus Cases Rise Further

Friday's fall meant the currency continued its decline after a days breather. It had clocked its first gain the previous day after five ...

Global Money Market Inflows Rise To 30-Week Highs Amid Virus Fears

Global investors sent a net $61 billion into money market funds in the week that ended March 4, hitting 30-week highs for the category, whil...

SBI Sets Rs 10,000 Crore Cap For Yes Bank Investment

The RBI said the strategic investor bank will have to acquire a 49 per cent stake and will not be allowed to reduce the holding to below 26 ...

Gold Discounts At Highest In 5 Months Amid Low Demand, Record High Price

Dealers in India offered a discount of up to $25 an ounce to official domestic prices, the most since late September, and up from last week...

Petrol, Diesel Prices Cut For Third Day In A Row

Currently, petrol and diesel rates vary in different parts of the country, depending on factors such as depending on taxes and transportatio...

Gold Futures Trim Losses After Plunging Over 2%

At 11:55 pm, the gold futures contract (delivery on April 3) traded lower by 220.00 (0.49 per cent) at Rs 44,238.00 per 10 grams, compared w...

SBI To Get Back To RBI Till Monday: Rajnish Kumar On Yes Bank Restructuring

SBI chairman Rajnish Kumar said the lender has received the plan on Yes Bank restructuring. from NDTV Profit - Latest https://ift.tt/3cCue...

"Your Deposits Are Safe," Says Yes Bank In Letter To Customers

A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden priv...

Economic Remedies For The Coronavirus Across The Globe

Policymakers have taken a range of approaches to deal with the economic fallout from the coronavirus, from emergency interest rate cuts and ...

Wrong Asset Classification Led To Yes Bank Crisis: Finance Minister

On discovering risky credit decisions, the RBI advised change in management and accordingly, a new CEO was appointed in September 2018, Ms S...

"Deposits, Liabilities Won't Be Affected": Nirmala Sitharaman On Yes Bank

Finance Minister Nirmala Sitharaman assured depositors that there will be no loss to any Yes Bank depositor. from NDTV Profit - Latest htt...

SBI Exploring Range Of Rescue Options For Troubled Yes Bank: Report

State Bank of India (SBI), the country's largest lender, is exploring a wide range of rescue options for struggling Yes Bank Ltd includi...

RBI Takes Control Of Bad Loan-Burdened Yes Bank: Timeline

Shares of Yes Bank, which traded at Rs 404 at its peak in August 2019, fell to a record low of Rs 5.65 on Friday, with the stock plunging ne...

Air India Divestment Going Well, May Extend Deadline: Hardeep Puri

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be e...

Sensex Tumbles Nearly 900 Points On Coronavirus Fears, Yes Bank Crisis

The stock markets tumbled more than 2 per cent on Friday as the double whammy of rapidly-spreading coronavirus and Yes Bank crisis spooked t...

No Need To Panic On Yes Bank, Says State Bank Chairman

"What's there to panic, no need to panic, all depositors are safe. The RBI governor has said also, just be patient, everything will...

A Day After RBI Restrictions, Yes Bank Shares Tank 85% In Intra-Day Trade

Yes Bank shares plunged as much as 85 per cent after the Reserve Bank of India placed it under moratorium and imposed withdrawal limits. f...

Yes Bank Crashes 85% After Moratorium, RBI Assures Swift Resolution

The Reserve Bank of India Governor Shaktikanta Das said that the central bank have a scheme to revive the beleaguered lender. from NDTV Pr...

Yes Bank Tanks After Government Caps Withdrawal Limit

The RBI also suspended the private sector lender's board for a period of 30 days "owing to serious deterioration in financial posit...

Sensex Plunges 1,300 Points, Nifty Slids Below 10,850 as Coronavirus Fears Rattle Investors

The BSE Sensex was at 37,180, weaker by 1,300 points and the SGX Nifty was at 10,881, down 385 points. from NDTV Profit - Latest https://i...

Markets Likely To Have A Weak Opening

The Nifty Singapore futures were 3 per cent lower at 10,860 and Asian shares had also fallen across the board this morning from NDTV Profi...

SBI Agrees To "Viability Study" For Stake In Troubled Yes Bank: Report

SBI was authorised to pick other members of the consortium in a plan approved by centre, Bloomberg reported, citing people with knowledge of...

SBI Cards IPO Worth Rs 10,350 Crore Subscribed Over 22 Times

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 22.45 times on Thursday, the last day of the bidding proce...

Indian Tech Firms Scramble To Shield Workers Against Coronavirus

As on March 4, at least 28,529 persons were brought under community surveillance and are being monitored in India, with 29 confirmed cases. ...

Gold Futures Recover Most Of Day's Losses

At 4:55 pm, the gold futures contract (delivery on April 3) traded lower by 34.00 (0.08 per cent) at Rs 43,535.00 per 10 grams, compared wit...

Finance Ministry Doing Ground Work On Sovereign Bond Issue: Report

In 2019-20 Budget announcement, Finance Minister had announced the proposal to issue offshore sovereign bonds, starting from the current fis...

Airlines Could Take $100-Billion Hit Due To Coronavirus: Industry Body

Airlines across the world are rushing to cut flights and costs, and warning of a hit to earnings, as a new virus that started in China sprea...

Sensex Ends Flat After Swinging In Range Of 500 Points

Benchmarks swung in a wide range as investors remained on edge tracking economic impact of deadly coronavirus outbreak in the country, say a...

Sensex, Nifty Off Day's Highs; Reliance Industries, ICICI Bank Top Losers

Yes Bank was top Nifty gainer after Bloomberg reported that government has allowed SBI to form a consortium to buy stake in troubled Yes Ban...

Ready For Rate Cuts To Shield Economy From Coronavirus: RBI Chief

Reserve Bank of India (RBI) governor has said he isready to act to shield the economy from the coronavirus and reiterated theres room to cut...

Retirement Fund Body Lowers Employees Provident Fund Interest Rate

Currently, the government reviews the interest rate applicable to the provident fund scheme for salaried individuals on a yearly basis. fr...

Sensex, Nifty Extend Gains; SBI, Kotak Bank, Hindustan Unilever Top Gainers

The stock markets have extended their gains, amid bouts of volatility, due to emergence of buying interest at lower levels post the coronavi...

Yes Bank Shares Surge 29% In Biggest Single-Day Gain In 4 Months

At 12:36 pm, Yes Bank shares traded 28.50 per cent higher at Rs 37.65 apiece on the BSE, outperforming the benchmark S&P BSE Sensex whic...

Government Asks SBI To Form Consortium To Buy Stake In Yes Bank: Report

has been struggling to raise capital for the past few months and needs the money to bolster ratios that stand just above a regulatory minimu...

SBI Cards IPO Subscribed Over 16 Times So Far On Last Day

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 16.43 times on Thursday, the third day of the subscription...

Coronavirus Panic Weighs On Blockbuster SBI Cards IPO

With the world reeling from one of the biggest risk sell-offs since the global financial crisis, further coronavirus-fueled declines in Indi...

RBI's $476 Billion Firepower May Arrest Rupee's 'Panic' Tumble Over Virus

Authorities may deploy some of the stockpile to steady the rupee, which has tumbled more than 2 per cent over the past week as more locals a...

State Bank Of India To Lead Group For Yes Bank Stake Buy: Report

Yes Bank soared as much as 29% on a report that the government has approved a plan for SBI to buy a stake in the troubled private-sector len...

Cabinet Gives Nod For Direct Overseas Listing Of Indian Companies

Apart from providing an additional fund-raising avenue for the corporates looking to expand and boost their business activities, overseas li...

Government Pushes PSU Banks To Boost Lending As Virus Fears Grow: Report

Officials said on Wednesday that the total number of coronavirus cases in the country had jumped to 28, up from six earlier in the week. f...

Indian Economy Provides New Opportunities To Invest: Blackstone CEO

Blackstone has invested $6 billion in commercial real estate in India over the last 18 months, and is the largest owner of office space in t...

Global Growth To ''Dip Below'' Last Year's Rate: IMF Chief

The new coronavirus epidemic poses a "serious threat" to people and the world economy, and will slow growth below the 2.9 per cent...

"Undue Pressure": Tax Officials Protest Over Working Conditions

Prime Minister Narendra Modi's government is pushing to shore up revenue as the country's once-booming economy grows at roughly 11-y...

Sensex Rises Oer 250 Points, Nifty Crosses 11,300 In Early Trade

Analysts said the possibility of slower world economic growth due the the coronavirus pandemic, with mounting deaths across the globe, canno...

Sensex, Nifty Likely To Open Lower Today; Virus Risk Lurks In Asian Peers

On Wednesday, the S&P BSE Sensex index had declined 214.22 points - or 0.55 per cent - to end at 38,409.48, and the broader NSE Nifty be...