Equities tumble on oil market crash, Sensex down 800

Mumbai (IANS) The key Indian equity indices plunged over 2 per cent on Tuesday tracking weakness in global markets.

The slump in the stock markets globally came on the back of the huge crash in the US crude oil prices. In a historic price movement,…

E-tailers support Centre's move, but expect relaxations

New Delhi (IANS) As the government on Sunday said that e-commerce platforms will be able to sell only essential goods, e-commerce majors have expressed their support to the decision, but have also said that they hope for relaxations to benefit both…

India extends anti-dumping duty on acetone imports to protect domestic industry

New Delhi (IANS) In a move to safeguard domestic industry from any further injury during the coronavirus outbreak, the central government has extended the operation of higher import duty on a key input used by automobile and construction industry…

ICICI Bank has $100 mn exposure to cash-strapped Hin Leong Trading

New Delhi (IANS) ICICI Bank could see a rise in its non-performing assets with Singapore-based oil trading major Hin Leong Trading filing for bankruptcy.

According to the oil trading company's filing, ICICI Bank has an exposure of $100…

Oil prices fall further, WTI hits $15/barrel on low demand

New Delhi (IANS) Crude oil prices plunged on Monday with the West Texas intermediate (WTI) crude in the US falling below the $15 per barrel mark, the lowest level in 21 years.

The fall in oil prices comes on the back of weak demand amid the…

Maruti prescribes SOP for workplace for resuming operations post lockdown

New Delhi (IANS) Maruti Suzuki has chalked out an action plan for resuming operations post COVID-19 with detailed standard operating procedure (SOP) on maintaining social distancing, hygiene and employee safety.

Maruti Suzuki Managing Director…

US dollar falls as risk appetite increases

New York (IANS) The US dollar weakened in late trading on Friday as risk appetite increased on news about President Donald Trump's plan to reopen the economy.

The dollar index, which measures the greenback against six major peers, was down…

90 day extension for accounts already under resolution: RBI

New Delhi (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a 90-day extension for the resolution period for large stressed assets which have not been resolved within the 210 day deadline as per the central bank's…

AI opens domestic ticket bookings for flights from May 4

New Delhi (IANS) National passenger carrier Air India has opened bookings for flights which will be operated from May 4.

According to a senior AI official, the bookings are opened for select domestic destinations only. The national carrier…

Slow ramp up of industrial activity seen after lockdown relaxation

New Delhi (IANS) The partial relaxation of the national lockdown to contain Covid 19 may only see a slow ramp up in industrial activity while some corporates may not restart operations immediately.

According to a research note by Jefferies,…