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Spot gold rose 0.7% to $1,538.63 per ounce by 0038 GMT. US gold futures gained 0.8% to $1,538 an ounce.

In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.

Moody's had in February projected a 5.4 per cent real GDP growth for India in 2020. This too was a downgrade from 6.6 per cent earlier forecast.

Thakur placed before the House the notifications dated March 13, 2020 seeking to raise special additional excise duty on petrol by Rs 2 to Rs 10 per litre in case of petrol and to Rs 4 per litre litre from Rs 2 in case of diesel.

As per the new rule, the issuer of the debit/credit cards will have to provide holders with a facility to activate or start online transactions, international or overseas transactions and contactless transactions.

On March 5, the Reserve Bank of India imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till April 3.

In a letter written to chief secretaries of all states, the central bank said moving deposits out of private sector banks could have implications for banking and financial sector stability.

The opposition party also alleged that the SBI's slashing of interest rates on savings bank accounts and fixed deposits was aimed at funding the revival of Yes Bank which was reeling under loan defaults by 'friends of PM Modi'.

Jhunjhunwala and DMart founder Damani are among the many private investors who have been tapped for the Yes Bank’s recapitalisation plan. Reserve Bank of India is looking for maximum number of investors to be a part of the consortium that invests in Yes B...

While higher coal imports may be bad news for the Indian government, they benefit international miners such as Indonesia's Adaro Energy, U.S. coal miner Peabody Energy Corp and global commodity merchants such as Glencore.

The rupee opened weak at 73.99 at the interbank forex market and then fell further to 74.03, down 16 paise over its last close.

Inflation eased to 6.80%, significantly lower than January's 7.59%, according to the March 4-6 poll of more than 40 economists.

The RBI placed Yes Bank under a moratorium on Thursday and said it would swiftly work on a revival plan.

The government has proposed selling 100% stake in Air India along with budget airline Air India Express and the national carrier’s 50% stake in AISATS.

The repeated restrictions have eroded the trust of the small depositors in India’s already frail banking and financial systems.

Forex traders said the Indian rupee which started the day on a positive note witnessed heavy volatility during the session and finally settled below 73 per US dollar level as uncertainty over coronavirus spooked investors.