Sensex down 300 points, banking stocks fall

Mumbai (IANS) The key Indian equity indices declined on Wednesday morning with the BSE Sensex losing over 300 points.

Heavy selling pressure was witnessed in banking, finance and IT stocks.

Decline in the index heavyweights Infosys and…

Crude, Covid weight heavy on airline sector: Ind-Ra

Mumbai (IANS) Rising crude oil prices, along with the impact of Covid's second wave, have substantially increased the challenges for India's airline sector, India Ratings and Research said.

"Ind-Ra believes challenges for the airlines…

TN govt finds Wipro's factory not following Covid SOPs, labour laws

Chennai (IANS) Tamil Nadu's Industrial Safety and Health Department has issued show cause notice to hydraulic cylinder maker Wipro Enterprises Pvt Ltd for violating Factories Act and allied labour laws at its plant near here.

The Department…

Nifty turns flat after touching new high

Mumbai (IANS) The Nifty50 on the National Stock Exchange (NSE) gave up initial gains to turn flat after touching a new record high on Tuesday morning.

Nifty50 touched an all-time high of 15,660.75 earlier in the session.

Around 10.30…

Covid Casualty: India's YoY FY21 GDP plunges to 7.3%

New Delhi (IANS) Covid-19-induced volatility heavily dented India's economy last fiscal as its growth rate plunged (-) 7.3 per cent in 2020-21.

Though not comparable, the GDP had grown by 4 per cent in 2019-20.

The pandemic-triggered…

Nifty at record high, crosses 15,500 for the first time

Mumbai (IANS) The Nifty50 on the National Stock Exchange recorded a new high on Monday as it crossed the 15,500 mark for the first time in its history.

It touched a record high of 15,508.50.

Around 10.56 p.m., Nifty was trading at 15,507.10,…

Civil aviation now under ECLGS, norms eased to support smaller businesses

New Delhi (IANS) The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to bring the civil aviation sector under the ambit of the scheme.

Announcing ECLGS 4.0 on Sunday, the Finance Ministry also said that the current ceiling…

470 infra projects report 'cost overrun' of Rs 4.38L cr

New Delhi (IANS) As many as 470 infrastructure projects reported cost overrun of over Rs 4.38 lakh crore as of May 1, 2021.

The Flash Report on Central sector projects for April published by the Ministry of Statistics and Programme Implementation…

India's forex reserves rises by over $2.8 bn

Mumbai (IANS) India's foreign exchange reserves rose by $2.865 billion during the week ended May 21.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $592.894 billion from $590.028…

Unlock hopes, Covid decline pushes Nifty to record high

Mumbai (IANS) India's key benchmark equity index NSE Nifty50 touched a new record high level as fresh Covid cases declined, thereby, igniting hopes for a quick unlock.

Accordingly, global cues and accelerated pace of economic recovery led…