Sensex up 400 points, Nifty above 9,400

Mumbai (IANS) The key Indian equity indices surged on Thursday with the BSE Sensex rising over 400 points and the Nifty50 on the National Stock Exchange trading above the 9,400 mark.

Healthy buying in banking, finance and capital goods indices…

Zoom hires VMware veteran Sankarlingam as product, engineering head

New Delhi, May 27 (IANS) Video meet app Zoom on Wednesday announced it has hired enterprise softare major VMware veteran Velchamy Sankarlingam as President of Engineering and Product.

Reporting directly to Zoom CEO Eric S. Yuan, Sankarlingam…

India's worst recession is here

New Delhi, May 27 (IANS) Indias fourth recession since Independence, first since liberalisation, and perhaps the worst to date is here, according to rating agency, Crisil.

CRISIL sees the Indian economy shrinking 5 per cent in fiscal 2021…

CAI raises cotton export estimates on weak domestic currency

New Delhi (IANS) The Cotton Association of India (CAI) has increased its estimates of cotton export from 42 lakh bales to 47 lakh bales in the current cotton season 2019-20 (October-September) as weakness in the domestic currency may boost export…

Domestic passenger traffic might bounce back in next 6 months: DIAL CEO

New Delhi (IANS) Inspite of several challenges posed by Covid-19, the top executive of national capital's IGI Airport estimates that domestic passenger traffic will bounce back in another 6 to 8 months.

The Delhi International Airport Ltd…

Cancellations might spike, as confusions prevail on states' quarantine norms

New Delhi (IANS) Air passengers, who booked tickets for domestic flights starting May 25, were seen harried as confusion prevailed on Saturday regarding various state governments' flight acceptance and quarantine norms.

The confusion was…

Reverse migration may raise housing demand in tier-II, III cities

New Delhi (IANS) The reverse migration happening across the country from the metro cities is likely to increase housing demand in tier-II and tier-III cities, initially in the rental housing segment, according to an Anarock report.

Currently,…

Nine companies in BSE 500 where promoter stake went north see boost in stock price

New Delhi (IANS) What is the correlation between promoters increasing their

stakeholding in companies and the consequent impact on the company's share price?

Usually, an increase in promoter stake is seen as a sign of confidence…

RBI extends Rs 15,000 cr credit line to EXIM Bank

Mumbai (IANS) The Reserve Bank of India (RBI) will extend a credit line of Rs 15,000 crore to the Export-Import (EXIM) Bank of India.

The announcement is part of the RBI's latest measures to help businesses and the economy tide over the…

RBI unleashes more firepower; cuts lending rates; extends moratorium

Mumbai (IANS) To mitigate the impact of COVID-19 induced economic fallout, the Reserve Bank of India on Friday further reduced key lending rates by 40 basis points to historic low levels.

Making the announcement through an online address, RBI…