Business
Sensex Surges over 200 Points in Early Trade; Nifty Tests 10,100 Level
On a net basis, foreign portfolio investors bought equities worth Rs 1,851.12 crore in the capital market on Wednesday, provisional exchange data showed.
EPFO Updates KYC Details of 52.62 Lakh Members in April-May, Says Labour Ministryin
This updation includes Aadhaar seeding for 39.97 lakh subscribers, mobile seeding (UAN activation) for 9.87 lakh subscribers and bank account seeding for 11.11 lakh subscribers.
IndiGo to Experiment with New Revenue Model; Eyes Additional Liquidity Worth up to Rs 4,000 Crore
InterGlobe Aviation, the parent firm of IndiGo, on Tuesday reported a net loss of Rs 871 crore in the March quarter and would not be doling out any dividend.
India Will Definitely Get Its Growth Back, Says Modi, Pushes for 'Aatma Nirbhar Bharat' With 5-point Plan
PM Modi said intent, inclusion, investment, infrastructure and innovation are crucial for India to revert back to a high-growth trajectory.
Lack of Cash Stimulus to Push Recovery Beyond 2022-23, Says Report
The report added that it means even if the supply side gets restored on account of the various measures announced by the government or the Reserve Bank of India, it may soon run into difficulties due to the lack of adequate demand for goods and services.
Reliance Diverts Alok Industries into Making PPE; Cuts Down Cost to One-Third
The company has redeployed Alok Industries' manufacturing facilities in Silvassa, Gujarat for exclusively manufacturing personal protective equipment (PPE) to safeguard doctors, nurses, medical staff and other frontline workers.
Singapore Supreme Court Dismisses Singh Brothers' Appeal Against HC Order
The Singapore Supreme Court has dismissed an appeal by erstwhile Ranbaxy Laboratories' former promoters Malvinder Singh and Shivinder Singh against .
Green Certificate Sales Tumbles Over 35% to 2.37 Lakh in April
Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an eligible renewable energy source.
FPIs Rush to Exit India; Withdraw $6.4 bn in March Quarter amid Covid-19 Uncertainty
The uncertainty over the gravity of the pandemic's impact on the global economy and financial markets worldwide triggered a flight to safety among foreign investors as they rushed to exit from relatively riskier investment destinations, such as emerging m...
Slow Recovery in Markets Expected Amid Fears of Second Coronavirus Wave: Survey
As economic forecasts continue to deteriorate, May's poll showed 75% of respondents believe the recovery will be U or W-shaped. Only 10% of the 194 respondents in the survey were expecting a V-shaped recovery.
After Zomato, Swiggy to Lay Off 1,100 Employees as Covid-19 Hits Online Food Orders
Swiggy, which had about 8,000 employees on its payroll as of October last year, said it would provide three months of salary to all impacted workers.
Rupee Slips 31 Paise to 75.89 Against US Dollar in Early Trade
Forex traders said market participants are concerned about the effectiveness of the fiscal stimulus package and the impact of extended nationwide lockdown amid a significant rise in Covid-19 cases on the domestic economy.
Investor Wealth Plunges Rs 1.99 Lakh Crore as Markets Plummet
Global markets tanked following the World Health Organization's comments that the novel coronavirus "may never go away".
India Sees PE, VC Deals Worth $45 Billion in 2019, Highest Inflow in 10 Years: Report
Private equity (PE) and venture capital (VC) investment in the country rose to its 10-year peak primarily due to the increasing number of large deals greater than $100 million as well as an increase in their average deal size, the firm's India Private Equ...
ArcelorMittal Offers $2 Billion of Shares, Convertibles at Discount
The company's net debt stood at $9.5 billion at the end of March, up from $9.3 billion at the end of December.
As Govt Hikes Borrowings by Rs 4.2 Lakh Crore, Calls to Monetise Debt Gain Traction
Conservative monetary economist and former RBI chief Raghuram Rajan, over the weekend, has also pitched for monetising public debt and higher fiscal deficit in a ''measured'' manner.