Business
Natural Gas Prices Cut by Steep 26 Percent, Huge Dent in ONGC Revenues
Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) said the bulk of India's existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now.
Coronavirus: ArcelorMittal Says It is Working to Develop 3D-printed Ventilator Prototype
The company said it is working to make critical medical and safety equipment available in countries like India and Liberia, where coronavirus cases are escalating.
Centre Asks States to Ensure Normal Functioning of Banks, ATMs During Lockdown
Union Home Secretary Ajay Bhalla said smooth banking operations and related activities across the country are essential.
Yes Bank Shares Zoom 25% After Board Approves Rs 5,000 Crore Fundraising Plan
This fundraising will be over and above the Rs 10,000 crore cleared in the February 7, 2020 board meeting said Yes Bank in a recent regulatory filing.
Sensex Up 1,000 Points, Nifty Reclaims 9,000 Mark Ahead of RBI Governor's Presser
Indian rupee gained in the early trade on Friday. It has opened higher by 46 paise at 74.69 per dollar against previous close of 75.15.
SBI Sees Drop in Banking Transcations During Lockdown, Branches Open at Staggered Timing Between 7 AM-2 PM
The government has asked all the banks to keep only desired number of staff at bank branches alongside promoting customers to use digital mode of transaction to the maximum possible extent.
Indian Stocks Open in Green as Sensex Gains Over 1,100 Points, Nifty around 8,500 in Early Trade
IndusInd Bank, Tech Mahindra, Axis Bank, Sun Pharma and HDFC are among major gainers on Nifty, while losers are Yes Bank, Grasim, JSW Steel, Adani Ports and Maruti Suzuki.
COVID-19: Investor Wealth Rises by Rs 6.63 Lakh Cr in 2 Days of Market Rally
The Sensex zoomed 1,861.75 points or 6.98 per cent to close at 28,535.78 on Wednesday. In the previous trade, it had gained 692.79 points or 2.67 per cent to close at 26,674.03.
E-commerce, Grocery Stores Will Operate: Amitabh Kant After Flipkart, Grofers and Big Basket Halt Work
The NITI Aayog CEO said he has personally to chief secretaries of states to make sure supply chain of essentials is not broken during the 21-day lockdown.
US Federal Reserve Unveils ‘Game Changing’ Effort to Flood Economy with Money, Stave off Depression
Like patients around the world battling the disease itself, the US economy is on life support, with some forecasters projecting a 14 percent contraction in the April-June quarter while the global economy could shrink 1.5 percent this year.
Automakers Near Chennai Halt Production, Announce Plant Closures as TN Locked Down Due to Coronavirus
The Tamil Nadu government on Monday announced a full lockdown as well as prohibitory orders under Section 144 of CrPC across the state.
Coronavirus Effect: GoAir Announces 50 per cent Pay Cut for its Top Employees
As revenues have fallen drastically amid the coronavirus pandemic, the airline has already laid off its expat pilots and announced leave without pay for its employees.
Covid-19: Indian Oil Initiates Rare Protocol to Keep Fuel Supplies Running
The company has implemented work from home at non-critical locations and implemented staggered work hours and working on alternate days at others with all precautions.
Sensex Surges Over 1,400 Points, Up by 5% as IT Stocks See Massive Rally in Mid-session
The Sensex jumped over 500 points in the opening session on Monday on hopes of an economic stimulus after PM Modi announced a financial task force to take necessary actions to combat the Covid-19 pandemic's economic blow.
Gold Gains But Set for Weekly Drop as Rush for Cash Continues Amid Fallout from Coronavirus Pandemic
The metals fell more than 1% on Thursday as the dollar jumped to multi-year highs and investors continued to sell assets to hoard cash.
Sensex Plunges 1,500 Points, Nifty Opens at 37-month Low as Coronavirus Batters Global Markets
India's NSE stock futures listed on Singapore Exchange were down 5.30% at 0320 GMT. The blue-chip NSE Nifty 50 index, which fell 5.5% on Wednesday, has plumbed multi-year lows and shed 30% this year.
