No respite: Fuel prices continue to rise through week

New Delhi (IANS) Petrol and diesel prices continued to rise through the week with the two petroleum products getting dearer by 59 and 58 paise per litre on Saturday.

The auto fuel prices have now risen seven days in a row with pump prices of…

India's forex reserves cross $500 bn mark

Mumbai (IANS) India's foreign exchange reserves rose by over $8.223 billion during the week ended June 5 to cross the $500 billion mark.

According to the RBI's weekly statistical supplement, the overall forex reserves increased to $501.703…

Sensex plunges 1,100 points on global cues as Covid cases surge

Mumbai (IANS) The BSE Sensex plunged over 1,100 points during initial trade on Friday tracking a similar trend in the global markets.

International indices fell over growing concerns of rise in coronavirus cases in several countries after the…

India could move to 2 dominant telcos in Airtel, Jio

New Delhi (IANS) Despite Vodafone Idea giving guarantee, the telcos market is seen gravitating towards a two-player dominant market with Bharti and Reliance Jio.

According to a research note by BofA Securities, "We view SC verdictas negative…

SC gives 3 days to Fin Min, RBI to decide on moratorium period interest

New Delhi (IANS) The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged…

HDFC cuts retail prime lending rate by 20 bps

Mumbai (IANS) The Housing Development Finance Corporation (HDFC) on Friday reduced the retail lending rate on both home and non-home loans by 20 basis points with immediate effect.

In a regulatory filing, the company said that the reduction…

Boeing expects aviation industry to recover despite COVID-19

Washington (IANS) Global aviation industry will recover and grow again despite the COVID-19 pandemic's impact, Stan Deal, president and CEO of Boeing Commercial Airplanes, said.

The aviation industry is facing an unprecedented shock from…

RIL promoter group allotted 53.2% shares in rights issue

New Delhi (IANS) The promoter group of Reliance Industries Limited (RIL) has been allotted 22.50 crore partly paid shares out of 42.26 crore shares on offer in the rights issue which is 53.2% of total.

As per the shareholding pattern given…

Global credit rating agencies validate govt's reforms programme: CEA

New Delhi (IANS) India's growth outlook presented by a leading global credit agency validates the Modi government's structural reforms programme, a key government economic advisor said in Thursday.

In an online press briefing, Chief…

Google Cloud, Deloitte global alliance to help Indian firms go digital

New Delhi (IANS) To help enterprises begin their journey towards digital transformation via building virtual workplaces, Deloitte and Google Cloud have announced to extend their strategic global alliance to India.

The move will help enterprises…