RBI cuts key rates to 4.40%, maintains accommodative stance

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak.

Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate,…

ITC limits operations to production of essential items

New Delhi (IANS) FMCG-to-hospitality major ITC on Friday said that its factories are producing only essential items such as flour, buiscuits and sanitisers.

The company, however, said that its manufacturing facilities of essential goods are…

Sensex soars 1,400 points; banking, finance stocks surge

Mumbai (IANS) Buoyed by the first instalment of a fiscal package to contain the economic fallout of Covid-19, investors pushed Indian stock markets higher for the third consecutive day with the BSE Sensex rising over 1,400 points.

Although…

Sameer Aggarwal promoted as CEO of Best Price, Walmart India

Gurgaon (IANS) Retail giant Walmart on Wednesday announced to promote Sameer Aggarwal as Chief Executive Officer of Best Price, Walmart India, saying that Krish Iyer has retired from full-time management and will assume the role of an advisor to Best…

Don't cancel e-tickets on your own: IRCTC

New Delhi, March 25 (IANS) The Indian Rail Catering and Tourism Corporation (IRCTC) on Wednesday appealed to the people not to cancel their e-tickets on their own in case of trains being canceled by the national transporter due to nation-wide lockdown…

Relief rally in markets, Sensex up 1,861 points

Mumbai (IANS) Amid a rebound in the global markets, Indian equity indices surged on Wednesday with the BSE Sensex gaining over 1,800 points to close above the 28,000-mark.

The Nifty50 on the National Stock Exchange also soared 516 points to…

Covid-19-linked demand squeeze pushes IOC to cut crude processing

New Delhi (IANS) In the wake of substantial reduction in demand for petroleum products post the Covid-19 outbreak in the country, country's largest public sector refiner Indian Oil Corporation has reduced crude processing at most of its refineries…

Railways appeals for smooth delivery of freight

New Delhi (IANS) After the shutdown orders in several parts of the country and the police not allowing the railway staff to go to their work, the railways on Tuesday appealed to the administration to allow its employees involved in transportation…

Sensex up 1,200 points after Monday carnage

Mumbai (IANS) A day after the Indian stock market logged the biggest ever single day fall, the indices opened on a positive note on Tuesday with the Sensex rising over 1,200 points.

At 9.22 a.m., it was trading at 27,255.69, higher by 1,274.45…

Market recovers, Sensex up 1,200 points

Mumbai (IANS) The Indian stock markets witnessed a relief rally on Tuesday afternoon as the BSE Sensex rose over 1,200 points after volatility in the early trade.

At 1.45 p.m., it was trading at 27,201.29, higher by 1,220.05 points or 4.70…