Equity market falls, Sensex drops below 28,000 mark

Mumbai (IANS) Indian stock market fell over 1 per cent on Friday morning, with the BSE Sensex trading below the psychological level of 28,000.

The decline was in tandem with the Asian indices where stocks fell due to the growing number of coronavirus…

Laptop sales surge in India as firms empower workforce at home

New Delhi, April 3 (IANS) While several industries reel under the COVID-19 lockdown impact in India, PC and laptop majors like HP and Lenovo have seen a massive surge in bulk buying from corporates and enterprises to keep their workforce stay home,…

Reduced trading hours for currency, debt markets amid COVID-19

Mumbai (IANS) In a major move, the Reserve Bank of India (RBI) on Friday reduced the trading hours for foreign exchange and bond markets by around four hours, with an aim to thwart risks and impact on liquidity amid reduced staff and logistical support.

RAI seeks 4% interest subvention for 9 months for retail sector

New Delhi (IANS) The Retailers Association of India (RAI) has written to the Reserve Bank of India (RBI) seeking interest subvention of 4 per cent for nine months to reduce the burden of interest along with an extension of the moratorium on loan repayment…

Equity indices plunge, Sensex down 1,100

Mumbai (IANS) Stock markets tumbled on Wednesday with the BSE Sensex falling over 1,100 points.

The Nifty50 on the National Stock Exchange (NSE) also plummeted around 300 points to trade well below the 8,500 mark.

The decline was in…

Equity indices rise, Sensex up 700 points

Mumbai (IANS) The key Indian equity indices traded on a positive note on Tuesday with the BSE Sensex trading over 700 points higher.

The Sensex was above the 29,000 mark while Nifty50 on the National Stock Exchange was around the 8,500 level.

'No revenue loss for NBFCs on 3 month moratorium on loan repayments'

New Delhi (IANS) The three month moratorium on term loan repayments given by Reserve Bank of India will not result in any revenue loss for lending banks and NBFCs as borrowers opting for deferment will either have to extend their tenure else increase…

Equity indices in red, Sensex down 700 points

Mumbai (IANS) Indian stock markets opened on a negative note on Monday with the BSE Sensex trading over 700 points lower.

The decline was in line with the global sell-off, as Asian indices fell on the growing number of coronavirus cases worldwide.

Rupee may breach 80 if lockdown persists: Acuite

New Delhi (IANS) Indian rupee could see sharper depreciation to over Rs 80 to a dollar if the Covid-19 related disruptions are prolonged and country is to go in for complete lockdown till June end, Acuite Ratings and Research has said in its latest…

India to be fastest growing G20 economy on Covid-19 impact as global economy shrinks

New Delhi (IANS) India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed Indias GDP growth forecast to 2.1 per cent from 6 per cent in the light of the coronavirus pandemic.