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Business

Business / News Update

Flipkart ceases operations across supply chain amid lockdown

March 25, 2020 - by IANS

New Delhi: Etailer Flipkart on Wednesday said it has temporarily suspended its operations and services – including grocery items — as India enters a 21-day lockdown. Although ecommerce platforms were allowed …

Flipkart ceases operations across supply chain amid lockdown Read More
Sensex hits 45K mark for first time ever
Business / National / News Update

Markets up after opening on a negative note

March 25, 2020 - by IANS

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday recovered after opening on a negative note. The Sensex of the BSE opened at 26,499.81 points and touched a high of 27.299.44 points. …

Markets up after opening on a negative note Read More
Business / News Update

Ola waives off lease rentals for driver-partners

March 24, 2020 - by IANS

New Delhi: Ride-hailing major Ola on Tuesday announced that it is waiving away lease rentals, akin to an EMI, for driver partners who operate vehicles owned by companys subsidiary, Ola Fleet …

Ola waives off lease rentals for driver-partners Read More
Goldman Sachs expects Nifty to reach 14,100 by end 2021
Business / News Update

Market recovers, Sensex up 1,200 points

March 24, 2020 - by IANS

Mumbai: 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 …

Market recovers, Sensex up 1,200 points Read More
Petrol-diesel prices increase after almost 2-month break
Business / News Update

Excise on fuels to go up by Rs 8/ltr to fund Covid-19 fight

March 23, 2020 - by IANS

New Delhi: The government has decided to raise excise duty on petrol and diesel significantly, by upto Rs 8 per litre, to mobilise additional resources that would be required to fight …

Excise on fuels to go up by Rs 8/ltr to fund Covid-19 fight Read More
FM: Loan sanctions jump to Rs 5.95 cr in just over 2 months
Business / National / News Update

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

March 23, 2020 - by IANS

New Delhi: 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 …

FM rolls back NRI tax, restricts levy only on their income generated in India Read More
MPC maintains accommodative stance, keeps rates unchanged
Business / News Update

RBI to infuse Rs 1 lakh cr via repo ops on March 23, 24

March 23, 2020 - by IANS

Mumbai:  In another move to ensure adequate liquidity in the system, the Reserve Bank of India on Monday announced to conduct term repo operations of Rs 1 lakh crore in …

RBI to infuse Rs 1 lakh cr via repo ops on March 23, 24 Read More
India's forex reserves decline by over $3 billion
Business / News Update

Rupee weakens to record low; breaches 76 mark

March 23, 2020 - by IANS

Mumbai: Covid-19 heavily battered the Indian rupee on Monday as it weakened to an intra-day low of over 76 to a dollar. Accordingly, this is the record low mark for …

Rupee weakens to record low; breaches 76 mark Read More
Equity indices rise ahead of monetary policy announcement
Business / News Update

Sensex blow 26k points; crashes over 13%

March 23, 2020 - by IANS

Mumbai:  Key Indian equity indices traded deep in the red on late Monday afternoon with the S&P BSE Sensex plunging around 4,000 points. At around 3.20 p.m., Sensex was trading …

Sensex blow 26k points; crashes over 13% Read More
India's forex reserves decline by over $3 billion
Business / National / News Update

Sensex falls 3,200 points as trade resumes

March 23, 2020 - by IANS

Mumbai: Sell-off continued in the Indian stock markets as the BSE Sensex fell over 3,200 points after trade resumed on the exchanges after a 45 minute halt. The Nifty50 on the …

Sensex falls 3,200 points as trade resumes Read More

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