Indian Market: Sensex down by 641 pts
Apr 13, 2020, at 10:41 am
Mumbai/UNI: The Indian equity market on Monday tumbled down as the BSE Sensex fell by 641 points to 30,518.13 in opening trade on weak global cues.
Indian Market: Sensex drops 308 points
Apr 13, 2020, at 09:58 am
Mumbai/IBNS: Sensex moved down by 308 points on Monday as the figures touched 30,853 during the opening session on Monday.
People's Bank of China acquires 1pc stake in HDFC : Report
Apr 13, 2020, at 12:05 am
Mumbai/ IBNS: The People's Bank of China (PBOC) has acquired 1.01 per cent stake in the Housing Development Finance Corporation (HDFC) Ltd., media reports said on Sunday, adding that the buying in the largest housing finance lenders happened possibly in the March quarter.
Raghuram Rajan ready to help India as country stares at post-COVID-19 economic crisis
Apr 11, 2020, at 02:19 pm
New Delhi/IBNS: Days after giving suggestions to the Narendra Modi government on how to tackle the post-Coronavirus economic situation, former Reserve Bank of India (RBI) governor Raghuram Rajan said he was ready to help India as the vast country of 1.3 billion people is staring at a financial crisis once the threat of COVID-19 retreats.
Centre released Rs 15,841 crore under PM KISAN in the lockdown period
Apr 10, 2020, at 09:29 pm
New Delhi/IBNS: The Centre has released the first installment of Rs 15,841 crore under the PM KISAN scheme during the lockdown period, the Agriculture Ministry said in a statement on Friday.
Godrej Material Handling launches the new Bravo Electric Three-Wheel Forklift
Apr 10, 2020, at 07:57 pm
Mumbai/IBNS: Godrej Material Handling (GMH), a business unit of Godrej & Boyce Mfg. Co. Ltd, has announced its foray into the 3-wheel electric forklift truck segment.
Growth outlook to be hit drastically by COVID-19 outbreak
Apr 10, 2020, at 07:15 pm
Mumbai/IBNS: The Reserve Bank of India has said the country's economic growth outlook has been hit drastically by the coronavirus outbreak, media reports said.
ASEAN foreign ministers agree to establish COVID-19 response fund
Apr 10, 2020, at 12:45 pm
Phnom Penh/Xinhua: Foreign Ministers of the Association of Southeast Asian Nations (ASEAN) agreed on Thursday to set up a COVID-19 response fund to collectively fight against the virus, said a Cambodia's foreign ministry statement.
IMF projects negative per capita income growth in over 170 countries in 2020
Apr 10, 2020, at 12:41 pm
Washington/Xinhua/UNI: The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Thursday that the multilateral lender now projects that over 170 countries will experience negative per capita income growth this year.
CREDAI West Bengal writes to Union Finance Minister seeking reliefs for Real Estate industry
Apr 09, 2020, at 07:33 pm
Kolkata/IBNS: The West Bengal chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI) has approached the Union Finance Minister Nirmala Sitharaman for relief to aid the real estate industry in the backdrop of the Covid 19 pandemic.
Apr 09, 2020, at 06:38 pm
New Delhi/IBNS: Jindal Stainless, one of the largest stainless steel conglomerates in India, has contributed rupees five crore to the PM Cares Fund to help combat the COVID-19 pandemic in India.
-1586414436.jpg "COVID-19: impact could see 195 million job losses, says ILO chief")
COVID-19: impact could see 195 million job losses, says ILO chief
Apr 09, 2020, at 12:10 pm
New York/IBNS: The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 million full-time workers expected in the next three months alone, the UN labour agency said.
Bharti AXA Life Insurance appoints Parag Raja as MD & CEO
Apr 08, 2020, at 10:31 pm
New Delhi/IBNS: Leading private insurer Bharti AXA Life Insurance on Wednesday announced the appointment of Parag Raja as Managing Director and Chief Executive Officer of the company, subject to the requisite IRDAI approval.
Apr 08, 2020, at 06:59 pm
Kolkata/IBNS: Apex industry body, Associated Chambers of Commerce and Industry of India or ASSOCHAM, has recommended a 16 point agenda and a stimulus package of at least $200-$300 billion to thwart one of the deepest global recession expected in the backdrop of the Covid19 pandemic.
Nestlé India extends its commitment to India’s fight against COVID-19
Apr 08, 2020, at 06:34 pm
New Delhi/IBNS: Packaged food and beverage company Nestlé India on Wednesday said it has extended its commitment to India’s combat against Coronavirus.
Adani Gas reduces prices of CNG and Domestic PNG with effect from Apr 9
Apr 08, 2020, at 04:11 pm
Kolkata/IBNS: Adani Gas Ltd. (AGL), the city gas distribution business of the Adani Group, is pleased to announce the reduction in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) across its various geographical areas with effect from Apr 9.
COVID-19: Minimum $200 billion stimuli needed to support the Indian economy says ASSOCHAM
Apr 08, 2020, at 04:07 pm
New Delhi/IBNS: With a sentiment that to tackle the unprecedented times, exceptional measures are essential, apex industry body, ASSOCHAM has recommended a 16 point agenda and a stimulus package of at least $200-$300 billion to thwart one of the deepest global recession expected in the world’s history, states its Secretary-General, Deepak Sood.
Indian Rupee falls 21 paise against USD
Apr 08, 2020, at 12:19 pm
Mumbai/UNI: The Rupee on Wednesday slipped by 21 paise to 75.84 in the opening trade on rising demand for US dollar by bankers and importers, dealers at the Forex market said.
Inian Market: Sensex up 504.51 points
Apr 08, 2020, at 12:14 pm
Mumbai, Apr 8 (UNI) The BSE Sensex on Wednesday advanced further by 504.51 points to 30,571.72 in early trade on brisk buying in heat care, FMCG, oil and gas and auto stocks, despite mixed trend in global peers.
25 million jobs at risk with airline shutdown: International Air Transport Association
Apr 08, 2020, at 10:22 am
Geneva/IBNS: The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.
ASSOCHAM suggests business continuity measures to sustain economic activity amid COVID-19 crisis
Apr 07, 2020, at 09:44 pm
Kolkata/IBNS: In a comprehensive plan for gradual lifting of the lockdown, the ASSOCHAM has suggested that several selective but key sectors of trade and industry, including retail, essential manufacturing, large construction and infrastructure projects, to name a few, should be allowed to resume operations, with strict adherence to social distancing norms and other precautionary measures suggested by the Government. This would help mitigate the business and job loss that Indian industries are facing amid the Covid-19 outbreak.
Apr 07, 2020, at 06:50 pm
Mumbai/IBNS: According to the ‘India Residential Market Update Q1-2020’ released by JLL, India’s leading real estate consultancy firm, a rebound in India’s residential property market will be influenced by the intensity, spread and duration of the COVID-19 pandemic.
Tata Motors appoints Sudeep Bhalla as the Head of Corporate Communications
Apr 07, 2020, at 05:56 pm
Mumbai/IBNS: Tata Motors on Tuesday announced the appointment of Sudeep Bhalla as the Head of Corporate Communications, Tata Motors.
IndusInd Bank up by 22.60 pc to Rs 384.05
Apr 07, 2020, at 05:05 pm
Mumbai/UNI: IndusInd Bank on Tuesday went up by 22.60 pc to Rs 384.05, a major gainer in the 30 scrips of Bombay stock exchange.
Indian Market: Sensex surges 2476.26 pts
Apr 07, 2020, at 04:37 pm
Mumbai/UNI: The BSE Sensex on Tuesday registered a massive gain of 2,476.26 points to 30,067.21, the biggest single day gain since May 2009 on the strength of stocks include Bankex, Energy, Telecom, and Auto amid positive Asian Market.
Indian Rupee ends firm at 75.63 against USD
Apr 07, 2020, at 04:30 pm
Mumbai/UNI: The Rupee on Tuesday ended at 75.63, surging by 54 paise against dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Market: Sensex jumps 1308 points
Apr 07, 2020, at 10:48 am
Mumbai/UNI: The benchmark Index of Bombay stock exchange on Tuesday rallied by 1308 points to open at 28,898.36 on the strength of buying in realty, bankex, IT and healthcare stocks amid positive Asian Market.
Greatest emergency since Independence: Former RBI Governor Raghuram Rajan over COVID-19 situation
Apr 06, 2020, at 04:15 pm
New Delhi/IBNS: Advising the Indian government to spend more on poor to manage the crisis caused by the Novel Coronavirus, former Reserve Bank of India (RBI) governor Raghuram Rajan has said the pandemic virus is the "greatest emergency since Independence".
Airtel Payments Bank partners with Bharti AXA General to cover COVID-19 protection
Apr 06, 2020, at 02:22 pm
New Delhi/ibns: Airtel Payments Bank has partnered with Bharti AXA General Insurance to offer simple and focused health insurance plans for providing financial protection against COVID-19, an infectious diseases caused by the new virus that originated from China.
Apr 04, 2020, at 08:48 pm
Kolkata/IBNS: With the Covid-19 pandemic throwing the economy of diverse nations out of gear, Shasank Jalan, the owner of Jalan Financial Services, believes people should take wellmesured steps now so far as financial inestments are concerned.