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Maruti prescribes SOP for workplace for resuming operations post lockdown

Maruti prescribes SOP for workplace for resuming operations post lockdown

19-04-2020  comments

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

US dollar falls as risk appetite increases

18-04-2020  comments

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

90 day extension for accounts already under resolution: RBI

18-04-2020  comments

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

AI opens domestic ticket bookings for flights from May 4

18-04-2020  comments

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

Slow ramp up of industrial activity seen after lockdown relaxation

17-04-2020  comments

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,…

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

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

17-04-2020  comments

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

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

17-04-2020  comments

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

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

17-04-2020  comments

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

Sitharaman, Goyal hail RBI's measures to boost liquidity

17-04-2020  comments

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

Oil companies to report big losses as lockdown shrinks sales

16-04-2020  comments

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…

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