CAI raises cotton export estimates on weak domestic currency

New Delhi (IANS) The Cotton Association of India (CAI) has increased its estimates of cotton export from 42 lakh bales to 47 lakh bales in the current cotton season 2019-20 (October-September) as weakness in the domestic currency may boost export…

Domestic passenger traffic might bounce back in next 6 months: DIAL CEO

New Delhi (IANS) Inspite of several challenges posed by Covid-19, the top executive of national capital's IGI Airport estimates that domestic passenger traffic will bounce back in another 6 to 8 months.

The Delhi International Airport Ltd…

Reverse migration may raise housing demand in tier-II, III cities

New Delhi (IANS) The reverse migration happening across the country from the metro cities is likely to increase housing demand in tier-II and tier-III cities, initially in the rental housing segment, according to an Anarock report.

Currently,…

Cancellations might spike, as confusions prevail on states' quarantine norms

New Delhi (IANS) Air passengers, who booked tickets for domestic flights starting May 25, were seen harried as confusion prevailed on Saturday regarding various state governments' flight acceptance and quarantine norms.

The confusion was…

Nine companies in BSE 500 where promoter stake went north see boost in stock price

New Delhi (IANS) What is the correlation between promoters increasing their

stakeholding in companies and the consequent impact on the company's share price?

Usually, an increase in promoter stake is seen as a sign of confidence…

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…

RBI unleashes more firepower; cuts lending rates; extends moratorium

Mumbai (IANS) To mitigate the impact of COVID-19 induced economic fallout, the Reserve Bank of India on Friday further reduced key lending rates by 40 basis points to historic low levels.

Making the announcement through an online address, RBI…

RBI extends Rs 15,000 cr credit line to EXIM Bank

Mumbai (IANS) The Reserve Bank of India (RBI) will extend a credit line of Rs 15,000 crore to the Export-Import (EXIM) Bank of India.

The announcement is part of the RBI's latest measures to help businesses and the economy tide over the…

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…

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-…