RBI unleashes liquidity support to suppress Covid induced turbulence

Mumbai (IANS) India's Reserve Bank will initiate measures to combat economic turbulence unleashed by the resurgence of Covid-19.

In virtual address, RBI Governor Shaktikanta Das announced a number of liquidity enhancement and targeted measures…

High frequency indicators showing mixed signals: RBI Guv

Mumbai (IANS) As country battles the Covid crisis and states go for lockdowns, Governor of the Reserve Bank of India (RBI) Shaktikanta Das has said that high frequency indicators are showing mixed signals for the Indian economy.

He said that…

State elections over, auto fuel prices start rising again

New Delhi (IANS) On the expected lines, oil companies did not wait long post declaration of state election results to raise the price of auto fuels -- petrol and diesel across the country.

Accordingly, the petrol and diesel prices increased…

Equities in red, Sensex falls 700 points

Mumbai (IANS) The key Indian equity indices opened on a negative note on Monday with heavy selling in finance and banking stocks.

The BSE Sensex plunged as much as 754.29 points to touch an intra-day low of 48,028.07 points.

It has,…

Kotak Mahindra Bank's Q4 net profit grows 33%

Mumbai (IANS) Kotak Mahindra Bank on Monday reported a 32.8 per cent increase in its standalone net profit for the January-March quarter on a year-on-year (YoY) basis at Rs 1,682.37 crore.

During the same period of FY20, the bank had reported…

India's exports in April rise to $30.2 bn, trade deficit surges

New Delhi (IANS) India's merchandise exports in April 2021 was $30.21 billion, higher by 197.03 per cent over $10.17 billion in April 2020.

Exports last month also recorded a 16.03 per cent growth over $26.04 billion in April 2019, said…

Global tablet shipments reach 40M units in Q1, Apple leads

New Delhi (IANS) Tablets had an outstanding first quarter of 2021 with 55.2 per cent growth (YoY) and shipments totalling 39.9 million units, according to preliminary data from the International Data Corporation (IDC).

Apple led the tablet…

Maruti Suzuki reports sales of 159,691 units in April

New Delhi (IANS) Automobile major Maruti Suzuki India on Saturday reported a total sales of 159,691 units in April 2021.

According to the company, total sales in the month include domestic sales of 137,151 units, sales to other OEMs at 5,303…

April GST collection sets new record, surges over Rs 1.41L cr

New Delhi (IANS) India's gross GST revenue collection reached a new record high of over Rs 1.41 lakh crore in April 2021, beating all expectations of lower collections in wake disruptions clauses by fresh wave of Covid-19.

Accordingly,…

Sensex down 983 points as banking stocks plunge

Mumbai (IANS) The Indian stock market witnessed a freefall on Friday with the BSE Sensex closing nearly 1,000 points lower.

Heavy selling was witnessed in banking and finance stocks.

The decline came amid surging Covid-19 cases in the…