Friday, November 27, 2020
Indian stock market started today's session with a gap up opening.Initial 30 minutes saw profit booking and pushed both indexes down. But both indices recovered as the day progressed to close the day higher.Rally was led by energy and metal stocks, supported by pharmaceutical and FMCG stocks.All...
Mumbai, Apr 8 (PTI) Economic growth is likely to plummet to a multi-decade low of 1.6 per cent in fiscal year 2020-21 due to COVID-19 pandemic and ensuing measures like lockdowns and social distancing, an American brokerage said on Wednesday in one of the bleakest forecasts on GDP...
New Delhi, Apr 16 (PTI) Online food delivery, the silver lining to the economic gloom set in by the coronavirus pandemic, is likely to take a massive blow in the capital after news of a pizza delivery agent testing COVID-19 positive in south Delhi went viral and raised...
Washington, Apr 13 (PTI) US President Donald Trump has thanked his Russian counterpart Vladimir Putin and Saudi Crown Prince Mohammad Bin Salman Al Saud for striking a "big" deal with other major crude producers to slash oil production in a bid to stabilise a market that has been...
Washington, Apr 12 (PTI) The World Bank on Sunday said the coronavirus outbreak has severely disrupted the Indian economy, magnifying pre-existing risks to its outlook. In its South Asia Economic Update: Impact of COVID-19 , the World Bank estimated the Indian economy to decelerate...
New Delhi/Mumbai, Apr 21 (PTI) Crude oil futures contract price may have plunged into negative territory in the international market, but India's leading commodity exchange MCX has fixed an interim settlement price of Re 1 per barrel -- a move some traders said would help big brokers avert...
New Delhi, Apr 6 (PTI) India's services sector activity contracted during March as the COVID-19 pandemic dented demand, particularly in overseas markets, while public health measures aimed at stemming the outbreak curtailed discretionary spending, a monthly survey said on Monday. The IHS Markit India...
Mumbai, Apr 15 (PTI) Paring its early gains, the rupee declined by 17 paise to close at its all-time low of 76.44 against the US dollar on Wednesday, tracking weak domestic equities and strengthening of the American currency overseas. Forex traders said a firm US...
New Delhi, Apr 5 (PTI) The Indian macroeconomic situation is bleak and all set to get worse if local or national lockdowns continue for some more time, renowned economist Jean Dreze said on Sunday. Dreze further said that due to the country-wide lockdown, social...
Washington, Apr 17 (PTI) Global contraction of coronavirus in the first of 2020 is inevitable as the pandemic struck the global economy in an already fragile state, weighed down by trade disputes, policy uncertainty and geopolitical tensions, the IMF said on Friday. Addressing the Development...
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