Equity market's thumbs down to rate cut, Sensex slips 300 points

Mumbai (IANS) The Reserve Bank of India's (RBI) repo rate cut and other liquidity measures failed to cheer the stock market as the BSE Sensex fell over 300 points on Friday afternoon.

The central bank has reduced the repo rate by 40 basis…

Sensex up 280 points; banking, finance stocks rise

New Delhi (IANS) The key Indian equity indices rose on Thursday with the BSE Sensex gaining over 280 points.

Buying activity in banking, finance and auto stocks supported the indices.

At 10.46 a.m., Sensex was trading at 31,105.46, higher…

PM's intervention sought for seamless mining licence for existing explorers

New Delhi (IANS) The mining industry has called for intervention of the Prime Minister to prevent denial of mining rights to existing mineral explorers under the new reform initiative that seeks to establish a seamless Composite Exploration-cum-Mining-…

GST council may extend compensation cess levy beyond 5 years

New Delhi (IANS) Faced with a sharp decline in GST collections due lockdown and disruptions in economic activities across the country, the government is looking at paying GST compensation to states using a portion of its borrowings and repaying it…

Equity indices in green, Sensex gains over 200 points

Mumbai (IANS) The key Indian equity indices traded on a positive note after opening on Wednesday with the BSE Sensex rising over 200 points.

Buying activity in FMCG and oil & gas stocks among others supported the indices, analysts said.

OLA to lay off 1,400 employees, says revenue down 95% in 2 months

New Delhi (IANS) Ride-hailing major OLA has decided to lay off 1,400 employees amid the coronavirus crisis.

Outlining the severe impact of the pandemic on the industry and the company, in an email to the employees on Wednesday, co-founder &…

Domestic flights ops to resume from May 25

New Delhi/Mumbai (IANS) Domestic passenger flights would be resumed in a calibrated manner, two months after suspending them under the national lockdown norms, tweeted Civil Aviation Minister Hardeep Singh Puri on Wednesday.

"Domestic civil…

Microsoft launches Surface Hub 2S in India

New Delhi (IANS) Microsoft on Tuesday announced the availability of its collaboration device Surface Hub 2S in India.

The all-in-one digital whiteboard, meeting platform, and teamwork collaborative computing device designed for the modern workplace…

Govt may raise FDI cap in insurance companies to 74%

New Delhi (IANS) In yet another big reform initiative aimed at bringing more capital into the insurance business, the government may soon open the sector to 74 per cent foreign direct investment (FDI) under the approval route to bring parity with…

RIL rights issue payment: 25% on application, 25 in May '21 and remaining 50 in Nov '21

New Delhi (IANS) Reliance Industries Limited (RIL) has announced the payment schedule

for the balance amount of its rights issue which opens on Wednesday.

In a filing with the stock exchanges, RIL said that 25 per cent will be payable…