Business

 VoV Web Desk

Covid-19 crisis is choking India’s MSME sector. Business won’t pick up even after lockdown

Covid-19 crisis is choking India’s MSME sector. Business won’t pick up even after lockdown

Finance minister Nirmala Sitharaman recently announced a series of measures for India’s industry as part of the Narendra Modi government’s effort to address the economic impacts of the coronavirus crisis and the resultant three-week nationwide lockdown. While the government’s package of Rs 1.7 lakh crore promises some relief for companies under various sectors, none of the measures specifically addressed […]

 VoV Web Desk

Coronavirus lockdown: Govt to suffer hefty loss in jet, auto fuel taxes

Coronavirus lockdown: Govt to suffer hefty loss in jet, auto fuel taxes

NEW DELHI : The central government is set to suffer a hefty loss in excise duty collections on jet fuel and auto fuel in the three-week lockdown until 14 April, with aircraft grounded and most vehicles off roads. The loss could be as high as ₹16,000 crore for petrol and diesel alone, going by the consumption trend […]

 VoV Web Desk

Indian Markets Shed Over 23% As FPIs Pull Out Over $8 Billion In March

Indian Markets Shed Over 23% As FPIs Pull Out Over $8 Billion In March

The month of March proved to be a month of mayhem for the Indian stock markets. As fears of rising cases of coronavirus threatened to push the global economy into a recessionary phase, market players including foreign portfolio investors (FPIs) resorted to relentless selling in March. As a result investors lost wealth of more than […]

 VoV Web Desk

Sensex, Nifty close 4% down as bears tighten stranglehold

Sensex, Nifty close 4% down as bears tighten stranglehold

Market Closing Indian shares closed in the red in the first trading session of FY21 on Wednesday as the number of coronavirus cases increased sharply across the country even as a 21-day lockdown remained in force. Sensex dropped 1,203 points or 4.1% at 28.265. Nifty slipped over 300 points or 3.9% at 8,263. Tech Mahindra, […]

 VoV Web Desk

Sensex, Nifty fall as coronavirus cases increase

Sensex, Nifty fall as coronavirus cases increase

Home / Business News / Sensex, Nifty fall as coronavirus cases increase Sensex, Nifty fall as coronavirus cases increase The Nifty fell 2.76% to 8,421.05 by 0345 GMT and the Sensex was 2.86% lower at 28,962.47. Positive coronavirus cases rose above 1,000 in India as of Sunday evening(File photo)Updated: Mar 30, 2020 09:52 IST By Reuters , Reuters Indian shares edged […]

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RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

The Reserve Bank of India (RBI) finally bit the bullet on Friday and responded to the coronavirus-induced crisis with a whopping 75 basis points cut in the repo rate, bringing it down to 4.4 per cent. The repo rate has thus fallen to the lowest ever. Before this, it had hit the lowest point of 4.74% […]

 VoV Web Desk

Sensex posts biggest one-day gain in 10 years. What experts say on today’s rally

Sensex posts biggest one-day gain in 10 years. What experts say on today’s rally

Indian markets made a big recovery today even as the country went into a 21-day lockdown to curb the spread of coronarivus outbreak. Benchmark index Sensex surged 1,861 points – its biggest gain in over a decade – to 28,535, joining a global rally as US lawmakers and and Trump administration officials reached an agreement on a […]

 VoV Web Desk

Flipkart to resume e-commerce sales of essential products

Flipkart to resume e-commerce sales of essential products

Walmart Inc’s Flipkart will resume e-commerce services for essential products after receiving federal and state government assurances on the safety of its delivery staff and a hassle-free supply chain. Bengaluru-based Flipkart halted all shopping on its website and mobile app early on Wednesday, only hours after Prime Minister Narendra Modi ordered a 21-day nationwide lockdown […]

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Donald Trump, Congress agree on $2 trillion bill to rescue coronavirus-hit US economy

Donald Trump, Congress agree on $2 trillion bill to rescue coronavirus-hit US economy

The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed pandemic response measure is the largest economic rescue measure in history and is intended as a weeks- or […]

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Flipkart temporarily suspends its services amid COVID-19 lockdown

Flipkart temporarily suspends its services amid COVID-19 lockdown

Walmart-owned Flipkart on Wednesday announced that it has suspended services in India due to the coronavirus outbreak. The company announced the news on its e-retail website and in its app as well. “Hello fellow Indians, We’re temporarily suspending our services…These are difficult times, times like no other. Never before, have communities stayed apart to stay […]

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