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ENS Economic BureauMay 13, 2020
For the full financial year 2019-20, the Index of Industrial Production (IIP) recorded a contraction of 0.7 per cent as against 3.8 per cent growth in the previous year.
Sunny VermaMay 13, 2020
‘Bold, not incremental reforms, will help to boost the productive capacity, productivity of economy,’ says Rajiv Kumar Subscriber Only
In an interaction with The Indian Express, after the Prime Minister’s speech on Tuesday, NITI Aayog Vice-Chairman Rajiv Kumar said the steps to be announced in the coming days would focus on ensuring that India
Sakshi DayalMay 13, 2020
Operations at both Manesar and Gurugram facilities were suspended since March 22.
Express Web DeskMay 12, 2020
The steep fall in IIP during March was mainly on account of a dismal show by mining, manufacturing and electricity sector due to the nationwide lockdown due to the coronavirus (COVID-19).
BloombergMay 12, 2020
The so-called liquidity trap, when monetary policy loses its traction as interest rates get close to zero, has plagued rich countries for years. Nobel-Prize winning economist Paul Krugman says it has now spread to some
PTIMay 12, 2020
With the lockdown coming into effect from March 25, state-owned banks opened an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of
Express Web DeskMay 12, 2020
Reliance Industries (RIL) Rights Issue: Reliance Industries (RIL) had earlier announced its plans to raise Rs 53,125 crore through a 1:15 rights issue at a price of Rs 1,257 per share. In its earnings statement
PTIMay 12, 2020
The local unit opened at 75.89, then lost further ground and fell to 75.95 against the US dollar, down 22 paise over its previous close.
ReutersMay 12, 2020
MSCI's broadest index of Asia Pacific shares outside of Japan stumbled more than 1%, snapping two straight sessions of gains. Hong Kong's Hang Seng index was among the hardest hit, down 1.4% followed closely by
Express Web DeskMay 12, 2020
The S&P BSE Sensex slipped 190.10 points (0.60 per cent) to settle at 31,371.12. Likewise, the Nifty 50 ended at 9,196.55, down 42.65 points (0.46 per cent).
BloombergMay 12, 2020
“Traffic levels will not be back to 100%. They won’t even be back to 25%. Maybe by the end of the year we approach 50%. So there will definitely be adjustments that have to be
ENS Economic BureauMay 12, 2020
"We deny the contents of these reports and would like to clarify that IndiGo has not formulated any indicative proposal, nor does it have any interest in this matter,” IndiGo CEO Ronojoy Dutta said in
ENS Economic BureauMay 12, 2020
The Centre last Friday said its total market borrowing requirements will rise by a whopping 53 per cent to Rs 12 lakh crore in the current fiscal, as falling revenues and rising expenses are expected
Harish DamodaranMay 12, 2020
UP mills have, in the current 2019-20 sugar season (October-September) as of May 8, crushed 10,565.49 lakh quintals of cane and produced 120.01 lakh tonnes (lt) of sugar.
ENS Economic BureauMay 12, 2020
While bankers are pushing for this, and there is support for the proposal within a section of the government, the broader view in the Finance Ministry is that PSBs are “well-capitalised” and private asset reconstruction
PTIMay 11, 2020
Jewellery demand, which is primarily driven by marriage season and a couple of festivals in the first quarter, has been significantly washed out due to the ongoing nationwide lockdown, Ind-Ra said in a report.
PTIMay 11, 2020
Renault India has opened more than 194 showrooms and workshops in line with the new safety protocols and the remaining touchpoints will be opened in a phase-wise manner based on permissions from the local authorities,
PTIMay 11, 2020
Fund houses approached Sebi for as many as 11 NFOs in January, the number fell to six in February and further dropped to just one in March and nil in April. In May so far,
PTIMay 11, 2020
SBI General Insurance's gross written premium (GWP) stood at Rs 6,840 crore in FY20 compared to Rs 4,717 crore in the previous fiscal.
Express Web DeskMay 11, 2020
The scrip rose 3.40 per cent to Rs 1614.85 on the BSE, almost near its all-time high of Rs 1,617.80. During the process, the market capitalisation (m-cap) of RIL too rose above the Rs 10
PTIMay 11, 2020
The local unit opened at 75.55, then lost further ground and fell to 75.70 against the greenback, down 16 paise over its previous close.
ReutersMay 11, 2020
Brent crude futures were down 29 cents, or 0.9%, at $30.68 a barrel by 0431 GMT, while US West Texas Intermediate crude futures fell 17 cents, or 0.7%, to $24.57 a barrel.
ReutersMay 11, 2020
Investors seemed determined to stay optimistic and MSCI's broadest index of Asia-Pacific shares outside Japan firmed 1.1%. Japan's Nikkei added 1.6% and Chinese blue chips 0.7%.
PTIMay 11, 2020
After gyrating over 800 points during the day, the 30-share index settled 81.48 points or 0.26 per cent lower at 31,561.22. Similarly, NSE Nifty fell 12.30 points, or 0.13 per cent, to 9,239.20.
George MathewMay 11, 2020
RBI gold reserves up 40.4 tonnes in 2019-20, more than half of total holdings held overseas Subscriber Only
The RBI’s total gold reserves were 612.56 tonnes in the preceding fiscal ended March 2019. With the addition of more stocks, the value of gold reserves rose to $30.57 billion (around Rs 2,32,000 crore) by
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