Sensex up 300 points; banking, finance stocks rise

Mumbai (IANS) The key Indian equity indices traded on a positive note on Tuesday morning, with the BSE Sensex surging over 300 points.

Healthy buying was witnessed in banking and finance stocks. Further, gains in the Asian markets also supported…

Worst seems to be over for Indian economy: DEA report

New Delhi (IANS) As the country goes through phases of 'Unlock' and economic activities are permitted in a staggered manner, the Department of Economic Affairs' (DEA) monthly economic report has suggested that the worst seems to be over…

Ratan Tata accuses Mistry of creating 'smokescreen' of oppression

New Delhi (IANS) Hitting back on Cyrus Mistry's allegations, Ratan Tata, Chairman Emeritus of Tata Sons, has said that Mistry has created a smokescreen of oppression and mismanagement.

In his rejoinder affidavit filed in the Supreme Court…

Sensex loses over 400 points, Nifty below 11,000 mark

Mumbai (IANS) The key Indian equity indices declined on Monday morning with the BSE Sensex losing over 400 points and the Nifty50 on the National Stock Exchange (NSE) falling below the 11,000 mark.

Heavy selling in banking and finance stocks…

Govt may raise working capital borrowing limit for discoms

New Delhi (IANS) The Power Ministry has sought cabinet approval for raising the working capital borrowing limit of financially stressed state electricity distribution utilities to help them access the Rs 1.25 lakh crore liquidity support offered by…

SEBI diktats cause unease in markets, brokers petition Finance Ministry

New Delhi (IANS) The Finance Ministry may soon have a decision to make, whether to encourage retail investors participation in the stock market through direct trading or to discourage them as seems to be the case with recent diktats on margins and…

Reliance Power, JERA sign loan deed for full financing of gas-fired thermal power project in B'desh

Mumbai/Tokyo (IANS) Reliance Power Limited and JERA Co., Inc. through their project company, are developing a new gas-fired power generation project in Bangladesh.

The project company has now signed a loan agreement for full financing totaling…

Consumer demand for gold plunges, prices rally on ETF inflow: WGC

Mumbai (IANS) The Covid-19 pandemic impacted the consumer sectors of the gold market in the first half of 2020, with total demand dropping by 6 per cent on a year-on-year basis to 2,076 tonne, according to the World Gold Council's latest 'Gold…

Markets open on positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday is trading on a positive note after opening on the negative side.

The Sensex of the BSE opened at 38,427.15 points and touched a high of 38,617.03 points. The Sensex touched a…

Sun Pharma to acquire Canada's Aquinox Pharmaceuticals

Mumbai (IANS) Sun Pharmaceutical Industries on Wednesday said that a wholly-owned subsidiary of Taro Pharmaceutical Industries Ltd will acquire Aquinox Pharmaceuticals (Canada) Inc for $8.2 million.

Taro Pharmaceutical is a US-based subsidiary…