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 […]
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 […]
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, […]
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 […]
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% […]
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 […]
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 […]
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 […]
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 […]
Market LIVE: Sensex jumps over 1,800 points, Nifty up 6%; RIL surges 20%
European markets rise sharply Key indices in Europe opened sharply higher, with London’s FTSE gaining 3.8% in opening deals. CAC index in France was up 3.6%, while Germany’s DAX index rose 3.4% in the early trade. Top Nifty gainers, losers Reliance Industries surged nearly 20% followed by Kotak Mahindra Bank, Maruti Suzuki, UPL and Axis […]
