US stocks suffer worst day since 2008 as recession fear spirals

New York (IANS) US stocks fell off a cliff on Monday with major indexes plunging close to bear market levels for the first time in more than 10 years as coronavirus fears and tanking oil prices brought back dark memories from the financial crash of…

Fuel prices drop further as crude rates plunge

New Delhi (IANS) Fuel prices dropped further after international crude oil went into a free fall due to major slump in demand following the global outbreak of coronavirus epidemic.

The price of petrol was cut by 24-27 paise a litre and that…

Sensex now falls over 1,600 points, Nifty down 450

Mumbai (IANS) Indian equity indices on Monday continued its bear run with the BSE Sensex plunging over 1,600 points.

The plunge in the domestic indices can be attributed to the similar trend in global markets on persistent fears of economic…

Indusind defers fund raising due to "market conditions" post Yes Bank revamp

New Delhi (IANS) The crisis at Yes Bank is affecting sentiment in the banking sector and fund raising as Indusind Bank has deferred its board meeting scheduled for Monday to consider raising funds.

"In view of the current market conditions…

Unshackling coal sector: Easier commercial mining bid documents in Q1 FY21

New Delhi (IANS) After waiting for more than five years, the government may finally throw open the doors of the regulated coal sector for commercial mining by the private sector Indian and overseas miners in the first quarter of fiscal year 2020-21.

SBI Card IPO overvalued at issue price of Rs 755: Experts

Mumbai (IANS) The much-anticipated SBI Card IPO has finally completed with an issue price of Rs 755 per share, however, market experts feel that the price is too expensive.

The SBI Card IPO demands around 46 times of the price of its latest…

Privatising BPCL: Govt seeks global bidders with $10 bn networth

New Delhi (IANS) The Union government has issued a Global Invite for Expression of Interest for disinvestment in Bharat Petroleum Corporation Limited (BPCL) from prospective bidders with a minimum net worth of $10 billion as of Saturday.

The…

GAIL's new gas transportation arm may get IOC pipeline asset

New Delhi (IANS) Government has proposed to create a larger and stronger gas transportation utility joining the entire pipeline infrastructure of GAIL and some of the infrastructure set up by other central and state PSUs - Indian Oil Corporation (IOC)…

115: 1,000 swap ratio for amalgamation of Indian Bank-Allahabad Bank

Chennai (IANS) Public sector Indian Bank on late Thursday announced a share swap ratio of 115 equity shares of Rs 10 each of Indian Bank for every 1,000 shares of Rs 10 each of Allahabad Bank.

As per the scheme, Allahabad Bank will be amalgamated…

Sensex plunges over 1,450 points, Nifty below 11,000

Mumbai (IANS) The Indian equity indices slumped on Friday morning, with the BSE Sensex falling over 1,450 points

The slump across the sectoral indices was led by the finance and banking stocks as the Reserve Bank of India on Thursday superseded…