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Wednesday, May 27, 2020
Rupee slips 8 paise to 75.74 against US dollar in early trade, indian rupee vs us dollar, rupee market news, indian currency news update, business news india, indian express business news, indian express market news

Rupee slips 8 paise to 75.74 against US dollar in early trade

May 27, 2020 10:54:56 am

The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.

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Asian shares slip as new Hong Kong tensions rise

May 27, 2020 10:35:28 am

Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.

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Sensex rises nearly 200 points in opening deals, Nifty nears 9,100-mark led by banking stocks

May 27, 2020 9:55:07 am

At 9:15 am, S&P BSE Sensex was trading at 30,796.67, up 187.37 points (0.61 per cent), while the broader Nifty 50 was up 50.65 points (0.56 per cent) at 9,079.70.

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BBB selects SN Rajeswari as CMD of Oriental Insurance via video interview

May 27, 2020 1:46:42 am

Rajeswari, General Manager of New India Assurance, is set to replace AV Girija Kumar, who retires this month.

‘Q4FY20 GDP growth likely to be 1.2%, may contract 6.8% in FY21’

May 27, 2020 1:42:57 am

According to the SBI’s research report ‘Ecowrap’, gross domestic product (GDP) growth is likely to be 4.2 per cent for the full year of FY20.

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Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month

May 27, 2020 7:37:54 am

In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and — have together announced the reduction of around 4,441 jobs in the last one month.

Aviation Ministry revises figures, says 428 domestic passenger flights operated on Monday

May 26, 2020 9:26:40 pm

On the flight movement on Tuesday, the aviation minister said the airports have handled 325 departures and 283 arrivals with 41,673 passengers till 5 pm.

Merkel Says Lufthansa deal close as airline warns on urgency

No green strings attached in Lufthansa’s bailout package

May 27, 2020 10:14:37 am

Lufthansa Chief Executive Officer Carsten Spohr has previously said the airline, Europe’s biggest with over 760 jets pre-crisis, would slash emissions by investing in more fuel-efficient aircraft.

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Gold eases as equities rally, Hong Kong woes limit losses

May 26, 2020 5:27:39 pm

Spot gold was down 0.2% at $1,725.25 per ounce by 1046 GMT. US gold futures fell 0.6% to $1,724.60.

India’s GDP growth seen at 1.2% for Q4 FY20: SBI report

May 26, 2020 4:38:19 pm

According to the SBI's research report - Ecowrap - the gross domestic product (GDP) growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21.

Home loans set to get cheaper as SBI cuts external benchmark-based rate by 25 bps

SC notice to RBI on plea seeking loan interest waiver during moratorium

May 26, 2020 2:20:07 pm

On March 27, the RBI had first announced a 3-month moratorium on all loans -- including home and term loans -- and outstanding credit card dues for three months. It was again extended for another three months till August 31.

HDFC shares fall around 2 per cent after Q4 earnings

May 26, 2020 2:03:11 pm

On BSE, HDFC stock declined 1.55 per cent to Rs 1,493. They fell 1.55 per cent to Rs 1,492.60 on NSE.

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ITC shares jump nearly 5 per cent on Sunrise Foods deal

May 26, 2020 1:24:53 pm

The ITC scrip rose by 4.61 per cent to Rs 194.95 on BSE, and 4.61 per cent to Rs 194.95 on NSE.

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COVID-19 impact: After Ola, Uber to lay off 600 employees in India

May 26, 2020 1:47:38 pm

The lay offs come from across driver and rider support, as well as other functions, Uber said in a statement adding that these reductions are part of its previously announced global job cuts earlier this month.

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Rupee surges 30 paise to 75.65 against US dollar in early trade

May 26, 2020 11:00:52 am

At the interbank foreign exchange, the rupee opened at 75.69, then gained ground to touch 75.65, registering a rise of 30 paise over its previous close.

Oil heads for another weekly slide on coronavirus turmoil

Oil prices rise on supply cut hopes, easing of coronavirus lockdowns

May 26, 2020 10:41:46 am

US West Texas Intermediate (WTI) crude futures gained 3.2%, or $1.06, to $34.31 a barrel as of 0429 GMT, just off an intra-day high of $34.33. Brent crude futures were up nearly 1.7%, or 59 cents to $36.12, adding to a 1.1% gain on Monday in thin holiday trading.

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Japan shares hit 10-week peak, S&P 500 tests 3,000

May 26, 2020 10:15:18 am

Japan's Nikkei led the way with a rise of 2% to its highest since early March when the economic impact of the coronavirus was just becoming clear. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.4%, while South Korea rose 1.1%.

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Sensex slips 63 points, Nifty ends at 9,029; IT, pharma stocks weigh

May 26, 2020 4:15:03 pm

The S&P BSE Sensex slipped 63.29 points (0.21 per cent) to end at 30,609.30, while the broader Nifty 50 settled at 9,029.05, down 10.20 points (0.11 per cent).

Germany stamps authority on Lufthansa with $9.8 million lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

May 26, 2020 8:59:04 am

Berlin, which has set up a 100 billion euro fund to take stakes in companies struck by the coronavirus crisis, said it plans to sell the Lufthansa stake by the end of 2023.

Former EAC-PM member Rathin Roy at E-XPLAINED session today

May 26, 2020 2:19:14 pm

Rathin Roy, director at National Institute of Public Finance and Policy and former member of the Prime Minister’s Economic Advisory Council.