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Business

Business / News Update

Canara Bank releases emergency credit facilities for MSMEs

May 23, 2020 - by IANS

New Delhi:  In order to meet the temporary liquidity mismatch arising out of COVID-19 outbreak, Canara Bank has announced ‘CANARA CREDIT SUPPORT’ for all of their borrowers who have been …

Canara Bank releases emergency credit facilities for MSMEs Read More
Equity indices rise ahead of monetary policy announcement
Business / News Update

Nine companies in BSE 500 where promoter stake went north see boost in stock price

May 23, 2020 - by IANS

New Delhi: What is the correlation between promoters increasing their stakeholding in companies and the consequent impact on the company’s share price? Usually, an increase in promoter stake is seen as …

Nine companies in BSE 500 where promoter stake went north see boost in stock price Read More
Business / News Update

Economic damage for India from lockdown to be significant: Moody’s

May 22, 2020 - by IANS

New Delhi:  Moody’s Investors Service said on Friday that economic damage as a result of India’s coronavirus lockdown will likely be extensive and reflect the country’s inherent economic vulnerability and …

Economic damage for India from lockdown to be significant: Moody’s Read More
Business / News Update

Pandemic’s macroeconomic impact more severe: RBI Guv

May 22, 2020 - by IANS

Mumbai: Reserve Bank’s Governor Shaktikanta Das on Friday said the macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated. In an online address to …

Pandemic’s macroeconomic impact more severe: RBI Guv Read More
RBI revises FY21 growth to (-)7.5% on current recovery rate, vaccine hopes
Business / News Update

RBI says India’s FY21 GDP growth to be negative

May 22, 2020 - by IANS

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the GDP growth rate for the financial year 2020-21 is likely to be in the negative territory …

RBI says India’s FY21 GDP growth to be negative Read More
Business / News Update

Sensex trades flat after gap-down opening

May 22, 2020 - by IANS

Mumbai: The BSE Sensex pared losses to trade on a flat note after opening 110 points lower on Friday. The domestic indices opened on a negative note tracking weakness in the …

Sensex trades flat after gap-down opening Read More
Intel Capital invests Rs 1,894 crore in Jio Platforms
Business / News Update

KKR to acquire 2.32% stake in Jio Platforms for Rs 11,367 crore

May 22, 2020 - by IANS

Mumbai; Reliance Industries Limited (RIL) and Jio Platforms Limited, India’s leading digital services platform, announced on Friday that US private equity fund, KKR will invest Rs 11,367 crore into Jio Platforms. …

KKR to acquire 2.32% stake in Jio Platforms for Rs 11,367 crore Read More
US dollar slips as risk appetite improves
Business / News Update

US dollar climbs amid economic data

May 22, 2020 - by IANS

New York: The US dollar rose in late trading on Thursday as market participants digested a slew of economic data. The dollar index, which measures the greenback against six major peers, …

US dollar climbs amid economic data Read More
Business / News Update

AAI asks passengers to reach airport 2 hrs prior to departure

May 21, 2020 - by IANS

New Delhi:  State-run Airports Authority of India has advised passengers-to reach airport 2 hours prior to departure. In its standard operating procedures (SoPs), the state-run firm also asked passengers to …

AAI asks passengers to reach airport 2 hrs prior to departure Read More
Sensex hits 45K mark for first time ever
Business / News Update

Sensex up 280 points; banking, finance stocks rise

May 21, 2020 - by IANS

New Delhi: The key Indian equity indices rose on Thursday with the BSE Sensex gaining over 280 points. Buying activity in banking, finance and auto stocks supported the indices. At …

Sensex up 280 points; banking, finance stocks rise Read More

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