Business
Rupee Rises 19 Paise to 75.84 Against Dollar in Early Trade Tracking Gains in Asian Equities
Forex traders said positive domestic equities and weak US currency supported the rupee, while rising coronavirus cases weighed on the domestic unit.
Tata Motors Reports Massive Rs 9,864 Crore Net Loss For March Quarter as Coronavirus Hit Sales
With lockdowns in the first quarter, the company said it expects significantly lower sales in the quarter and negative free cash flow of about Rs 5,000 crore in the April-June quarter of the current fiscal.
FPIs Invest Rs 20,574 Crore in June so far amid Increasing Inflows into Emerging Markets
As per latest depositories data, FPIs invested a net Rs 22,840 crore in equities but pulled out Rs 2,266 crore from the debt segment between Jun 1-12.
Sensex Plummets over 1,100 Points in Early Trade on Global Selloff
IndusInd Bank was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by ONGC, Kotak Bank, Axis Bank, NTPC, Bajaj Finance and HDFC.
Economy in Safe Hands, Worry Not: FM Nirmala Sitharaman Tells Historian Ramchandra Guha
Earlier in the day, Guha tweeted quoting British writer Philip Spratt's comment in 1939 that Gujarat was economically strong but "culturally backward".
Assam Gas Well Fire: 467 Metric Tonnes of Crude Output Lost due to Protests at Sites, Says OIL India
The company said protests at several of its locations continued on Thursday too that resulted in shutting down of its many on-field installations.
Rupee Slips 23 Paise to 75.82 Against US Dollar in Early Trade
The rupee opened weak at 75.81 at the interbank forex market and fell further to 75.82 against US dollar, down 23 paise over its last close. It had settled at 75.59 against the US dollar on Wednesday.
Salaries Paid to Company Directors Won't Attract GST: Central Board of Indirect Taxes and Customs
The CBIC issued a clarification following a ruling by the Rajasthan Authority of Advance Ruling in April that said companies will have to pay GST on the remuneration they dole out to directors.
SBI to Cut Marginal Cost of Fund-based Lending Rate by 25 Basis Points from June 10
The one-year MCLR has been revised to 7 per cent from 7.25 per cent, the bank said in a release. This is the thirteenth consecutive reduction in the bank's MCLR.
Scarred and Scared: Emerging From Lockdowns, Consumers Are No Longer Their Old Selves
Across the world, consumers are emerging from lockdowns warier and more thrift-conscious than before.
Unions at ArcelorMittal's Ilva Steel Plant Call Strike to Protest against Company's Plans for Job Cuts
The call by the FIM, FIOM and UILM unions came after Industry Minister Stefano Patuanelli accused the group of failing to respect the terms of a rescue agreement signed with the government in March.
AstraZeneca Approaches Rival Drugmaker Gilead about Potential Merger: Report
AstraZeneca contacted Gilead last month and it did not provide terms of any transaction, the report added.
SBI Reports over Four-fold Jump in Standalone Q4 Profit at Rs 3,581 Crore
State Bank of India (SBI) had registered a profit of Rs 838.4 crore during January-March period of 2018-19, the lender said in a regulatory filing.
Rupee Rises 19 Paise to 75.38 Against US Dollar in Early Trade
Forex traders said positive domestic stock market, sustained foreign fund inflows, weak American currency and upbeat risk appetite supported the rupee.
SBI, Bharti Infratel, Power Grid Among Key Stocks in Focus Today
On Thursday, in its regulatory filing, Bharti Infratel announced that its board has finally decided to take a call on the merger with Indus Tower. The meeting is scheduled for June 11.
SC Seeks Finance Ministry's Reply on Waiver of Interest on Loans During Moratorium Period
A bench of Justices Ashok Bhushan, Sanjay Kishan Kaul and M R Shah said that these are challenging times and it is a serious issue as on one hand moratorium is granted and on other hand interest is charged on loans.
