Sensex up 1,000 points ahead of RBI Governor's briefing

Mumbai (IANS) The Indian stock market opened on a positive noted on Friday, with the BSE Sensex rising over 1,000 points.

The gains came ahead of the briefing by the Reserve Bank of India's (RBI) Governor Shaktikanta Das at 10 a.m. Investor…

RBI unleashes more firepower; cuts Reverse repo; initiates TLTRO 2.0

New Delhi (IANS) To mitigate any economic fallout on financial liquidity due to Covid-19 pandemic, the Reserve Bank of India on Friday announc ed a set of new measures including a reduction in reverse repo rate.

Accordingly, the rate now stands…

RBI hints at further cut in interest rate to counter corona risks

New Delhi (IANS) The Reserve Bank of India has hinted at further cuts in interest rates to maintain adequate liquidity in the system and counter the intensification of risks to growth and financial stability brought on by COVID-19.

Announcing…

Sitharaman, Goyal hail RBI's measures to boost liquidity

New Delhi (IANS) Finance Minister Nirmala Sitharaman and Commerce Ministry Piyush Goyal applauded the Reserve Bank of India's (RBI) fresh slew of measures to ease liquidity and regulatory norms.

In a series of tweets, Sitharaman said that…

Oil companies to report big losses as lockdown shrinks sales

New Delhi (IANS) State-owned oil marketing companies (OMCs) including Indian Oil, BPCL, HPCL may see significant erosion in the earnings during the January-March quarter of FY20 even though low crude and product prices jacked up their margins on the…

Rupee hits new record low of 76.82/$

Mumbai (IANS) The Indian currency continued to tumble on Thursday as it touched a fresh all-time low of 76.82 per dollar.

Currently, rupee is trading around 76.72 per dollar, weaker by 0.36 per cent from its previous close.

According…

Cabinet to approve proposal on EPFO contribution, advances

New Delhi, April 15 (IANS) Union cabinet may give post facto approval to the proposal of EPF contribution by the government announced under PM Garib Kalyan Yojana by Finance Minister Nirmala Sitharaman on March 26.

Official sources said that…

Realty sector hails easing of curbs on construction

New Delhi (IANS) The Centre on Wednesday lifted restrictions on construction activities along with other sectors in a limited manner, with effect from April 20.

In an order, the Ministry of Home Affairs announced lifting of curbs on construction…

Yes Bank's rescue shows weakness in govt support for pvt banks: Moody's

Mumbai (IANS) Handling of the Yes Bank crisis and its rescue process brings to light the weaknesses in the government's support for the distressed private sector banks, according to a report by Moody's Investor Services.

"Yes Bank's…

Sensex down 600 points, Nifty below 9,000

Mumbai (IANS) Indian stock markets traded on a negative note on Monday morning with the BSE Sensex falling over 600 points.

The indices fell due to weakness in global markets and heavy selling in auto and consumer durable stocks.

The…