Business
RBI May Extend Moratorium on Repayment of Loans for 3 More Months: Report
On Sunday, the National Disaster Management Authority (NDMA), the nodal department, announced lockdown 4.0 till May 31 to check the spread of the novel coronavirus.
Nifty, Sensex Fall as Economic Package Fails to Impress; Reliance Rises
The NSE Nifty 50 index fell 0.80 per cent to 9,063.85 by 0400 GMT, while the S&P BSE Sensex slid 0.79 per cent to 30,845.65. The Nifty banking index fell 2.5 per cent.
Oil Prices Jump More than $1 Ahead of WTI June Contract Expiry
Also supporting oil prices are production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, a grouping known as OPEC+.
India May Impose Anti-dumping Duty on a Chemical Imported from China
The probe is initiated after a complaint by domestic manufacturer Sudarshan Chemical Industries, which claimed that it is the sole producer of 'natural mica based pearl industrial pigments excluding cosmetic grade' in India.
Exports Contract by Record 60.28% to $10.36 Billion in April amid Covid-19 Lockdown, Shows Govt Data
Imports too tumbled by 58.65 per cent to USD 17.12 billion in April from USD 41.4 billion in the same month last year, according to the data by the commerce and industry ministry.
EPFO Not Charging Penalty from Companies for Delay in Payment of Provident Fund Dues
The decision is expected to benefit 4.3 crore employees and 6.5 lakh employers reeling under liquidity crunch due to COVID-19 lockdown.
Sensex Ends Marginally Lower, Slumps Over 350 Points; Bank Stocks Tumble
M&M was the top laggard in the Sensex pack, cracking over 4 per cent, followed by Axis Bank, IndusInd Bank, Hero MotoCorp, Sun Pharma and ICICI Bank.
Delisting of Subsidiary to Enhance Vedanta Resources' Financial Flexibility: S&P
This is despite a likely increase in Vedanta Resources' leverage due to the transaction, it said in a note.
Covid-19 Pandemic to Eat up Half of Dine-in Restaurants' Revenue in FY21: Crisil Research
Given low demand and social distancing norms, restaurants will operate at 25-30 per cent of their monthly service levels in the first 45 days after lifting of the lockdown, it said.
Oil Prices Rise as Saudi Arabia Pledges Further Supply Cut to Help Drain Glut Caused by Coronavirus
The United Arab Emirates and Kuwait also committed to cut production further, promising to cut another 180,000 bpd altogether.
ICICI Bank Cuts Fixed Deposit Rates by 25-50 Bps, Deposits to Yield 5.25 Per cent
Earlier, the ICICI bank used to offer 25-50 bps more on these maturities.
US Retailer J. Crew Files for Bankruptcy: Statement
The brand, whose clothes have been worn by former first lady Michelle Obama, said online sales operations, which account for more than half its revenues, will continue as normal.
Sensex Crashes Over 2,000 Points as Global Selloff Intensifies amid Rising US-China Tensions
After a highly volatile session, the 30-share BSE index settled at 31,715.35, plunging 2,002.27 points, or 5.94 per cent.
Sebi Imposes Total Rs 1.05 Cr Fine on 21 Entities in Jolly Plastic Industries Case
Sebi has imposed a total penalty of Rs 1.05 crore on 21 entities for executing fraudulent trading in the scrip of Jolly Plastic Industries Ltd.
Covid-19: Fitch Downgrades Viability Ratings of SBI, BoB, ICICI and Axis Bank
The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'.
Oil Prices Extend Rally as Coronavirus Worries Ease
Oil prices have plunged to historic lows in recent weeks as collapsing demand due to worldwide lockdowns prompted a massive glut and led to storage capacity filling up.
