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Yes Bank Rescue: Lock-in for existing shareholders may face legal challenge

Yes Bank Rescue: Lock-in for existing shareholders may face legal challenge

03-04-2020 comments

New Delhi (IANS) The government decision to lock-in investments of all investors, including existing ones, holding more than 100 shares in Yes Bank may create room for a legal tussle, with analysts suggesting that minority shareholders of the private…

Equity indices plunge, Sensex down 1,100

Equity indices plunge, Sensex down 1,100

01-04-2020 comments

Mumbai (IANS) Stock markets tumbled on Wednesday with the BSE Sensex falling over 1,100 points.

The Nifty50 on the National Stock Exchange (NSE) also plummeted around 300 points to trade well below the 8,500 mark.

The decline was in…

Equity indices rise, Sensex up 700 points

Equity indices rise, Sensex up 700 points

31-03-2020 comments

Mumbai (IANS) The key Indian equity indices traded on a positive note on Tuesday with the BSE Sensex trading over 700 points higher.

The Sensex was above the 29,000 mark while Nifty50 on the National Stock Exchange was around the 8,500 level.

'No revenue loss for NBFCs on 3 month moratorium on loan repayments'

'No revenue loss for NBFCs on 3 month moratorium on loan repayments'

31-03-2020 comments

New Delhi (IANS) The three month moratorium on term loan repayments given by Reserve Bank of India will not result in any revenue loss for lending banks and NBFCs as borrowers opting for deferment will either have to extend their tenure else increase…

Equity indices in red, Sensex down 700 points

Equity indices in red, Sensex down 700 points

30-03-2020 comments

Mumbai (IANS) Indian stock markets opened on a negative note on Monday with the BSE Sensex trading over 700 points lower.

The decline was in line with the global sell-off, as Asian indices fell on the growing number of coronavirus cases worldwide.

Rupee may breach 80 if lockdown persists: Acuite

Rupee may breach 80 if lockdown persists: Acuite

30-03-2020 comments

New Delhi (IANS) Indian rupee could see sharper depreciation to over Rs 80 to a dollar if the Covid-19 related disruptions are prolonged and country is to go in for complete lockdown till June end, Acuite Ratings and Research has said in its latest…

India to be fastest growing G20 economy on Covid-19 impact as global economy shrinks

India to be fastest growing G20 economy on Covid-19 impact as global economy shrinks

29-03-2020 comments

New Delhi (IANS) India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed Indias GDP growth forecast to 2.1 per cent from 6 per cent in the light of the coronavirus pandemic.

Donations by companies to PM CARES Fund to come under CSR

Donations by companies to PM CARES Fund to come under CSR

29-03-2020 comments

New Delhi (IANS) The Ministry of Corporate Affairs has said that donations made by companies to the Prime Minister's Citizens Assistance and Relief in Emergency Situations Fund (PM CARES Fund) will be considered as expenditure on corporate social…

Wall Street tumbles after US tops world in COVID-19 cases

Wall Street tumbles after US tops world in COVID-19 cases

28-03-2020 comments

New York (IANS) US stocks ended significantly lower amid the fast-growing spread of coronavirus in the country.

On Friday, the Dow Jones Industrial Average slumped 915.39 points, or 4.06 per cent, to 21,636.78. The S&P 500 decreased 88.60 points,…

Cyber security risk increases amid 'work from home' trend

Cyber security risk increases amid 'work from home' trend

28-03-2020 comments

New Delhi (IANS) With companies across the globe turning to work from home, via the online medium amid the COVID-19 outbreak, threats to cyber security have increased.

Deepak Bhawnani, CEO at Alea Consulting said: "Companies, large and small,…

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