Equity indices fall, Sensex down 600 points

Mumbai (IANS) The key Indian equity indices plunged on Tuesday morning tracking weakness in the Asian markets, with the BSE Sensex falling over 600 points.

Around 10.05 a.m., Sensex was trading at 30,900.41, lower by 660.81 points or 2.09 per…

Sensex jumps 500 points, trades over 32,000-mark

Mumbai (IANS) The key Indian equity indices opened on a positive note on Monday, with the BSE Sensex increasing over 500 points, to trade over the psychological 32,000-mark.

The surge in the domestic market was in line with the Asian indices.…

RIL stocks rise, market cap crosses Rs 10 lakh cr

Mumbai (IANS) Shares of Reliance Industries (RIL) rose on Monday to take its market capitalisation back above the Rs 10 lakh crore mark.

At 11.04 a.m., RIL shares on the BSE were at Rs 1,593.10 per share, higher by Rs 31.30 or 2 per cent from…

Fuel consumption declines in April, ATF falls over 90% as airlines remain grounded

New Delhi (IANS) The nationwide lockdown to contain Covid-19 outbreak is seriously denting fuel demand in world's third biggest consuming nation putting a question mark on sustenance of recent surge in global oil prices.

In April, fuel…

Economic activity at 49-57% during lockdown, 143-186 mn non-farm workers inactive: McKinsey

New Delhi (IANS) Only 49 to 57 percent of India's economic activity has operated during the lockdown so far, with 143 million to 186 million inactive non-farm workers, according to a research by McKinsey and Company.

In the past six weeks,…

RIL's repositioning as consumer, tech company to support stock price: J P Morgan

New Delhi (IANS) The core energy business of Reliance Industries Limited (RIL) could be staring at a multi-year slump, but "repositioning as a consumer/technology company" should continue to support stock price, according to US brokerage, JP Morgan.

SBI cuts MCLR, offers new term-deposit product for senior citizens

New Delhi (IANS) The country's largest lender State Bank of India (SBI) on Thursday reduced its MCLR by 15 bps across all tenors with effect from May 10 while offering a new product for senior citizens in Retail Term Deposit segment.

The…

Yes Bank posts surprise profit in Q4, deposits down 54% in last year

New Delhi (IANS) Yes Bank, which was put under a moratorium by the government, has registered a surprise profit of Rs 2,629 crore due to an extraordinary item of write off of T1 bonds.

The bank has a loss of Rs 3,668 in the fourth quarter of…

Equity indices trim initial gains, Sensex up 280 points

Mumbai (IANS) The key Indian equity indices trimmed gains on Tuesday after a gap up opening, with the BSE Sensex now trading 280 points higher.

Healthy buying was witnessed in energy and oil and gas stocks.

During initial trade Sensex…

BHEL may sell, offer manufacturing units to global players

New Delhi (IANS) State-owned Bharat Heavy Electricals Ltd (BHEL) may sell four to five units of its non-core manufacturing business under government's asset monetisation process during the ongoing financial year.

The government also plans…