Covid-19-linked demand squeeze pushes IOC to cut crude processing

New Delhi (IANS) In the wake of substantial reduction in demand for petroleum products post the Covid-19 outbreak in the country, country's largest public sector refiner Indian Oil Corporation has reduced crude processing at most of its refineries…

Railways appeals for smooth delivery of freight

New Delhi (IANS) After the shutdown orders in several parts of the country and the police not allowing the railway staff to go to their work, the railways on Tuesday appealed to the administration to allow its employees involved in transportation…

Sensex up 1,200 points after Monday carnage

Mumbai (IANS) A day after the Indian stock market logged the biggest ever single day fall, the indices opened on a positive note on Tuesday with the Sensex rising over 1,200 points.

At 9.22 a.m., it was trading at 27,255.69, higher by 1,274.45…

Market recovers, Sensex up 1,200 points

Mumbai (IANS) The Indian stock markets witnessed a relief rally on Tuesday afternoon as the BSE Sensex rose over 1,200 points after volatility in the early trade.

At 1.45 p.m., it was trading at 27,201.29, higher by 1,220.05 points or 4.70…

Govt extends deadline for IT return filing till June 30

New Delhi (IANS) The Union Finance Ministry on Tuesday extended the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis.

Addressing the media through…

Market deep in red; Sensex plunges over 2K points

Mumbai (IANS) Key Indian equity indices traded deep in the red on Monday morning with the S&P BSE Sensex plunging over 2,111 points.

At around 9.20 a.m., Sensex was trading at 27,804.58 points, lower by 2,111.38 points or 7.06 per cent from…

FM rolls back NRI tax, restricts levy only on their income generated in India

New Delhi (IANS) In a big relief to the Non-Resident Indian community, the government has decided to restrict taxation only to the income generated by them from businesses in India, leaving their global income out of any levy. Moreover, taxes would…

Markets in no man's land - likely to consolidate

Markets were in a really bad shape last week and just about managed to recover some ground on Friday. They lost on the first four days of the week. BSE SENSEX lost 4,187.52 points or 12.28 per cent to close at 29,915.96 points while NIFTY was down…

Sebi introduces new norms to cub volatility

Mumbai (IANS) Markets regulator SEBI on Friday announced measures to control the high volatility which has plagued the country's stock markets.

The Sebi said that these new norms will be effective from the beginning of trade on March 23…

COVID-19: CII for Rs 5,000 cash transfer to 20 cr people

New Delhi (IANS) Time is ripe to implement India's version of "Helicopter Drop" fiscal support scheme to avert an impending economic disaster due to the outbreak of COVID-19, with industry body CII suggesting direct cash transfer of Rs 5,000 into…