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Home  Business

Business

Sensex drops 132 points after RBI policy outcome; banking stocks drag

Sensex drops 132 points after RBI policy outcome; banking stocks drag

  • Telangana: Hyundai Motor India donates 100 oxygen concentrators

    Additionally, an Oxygen Plant will be installed by Hyundai Motor India Foundation in Utnoor, Adilabad.
  • Visas of stranded foreigners extended till August 31

    The Home Ministry had issued an order on June 29, 2020 conveying that the Indian visa or stay stipulation period of such foreign nationals expiring post June 30, 2020 shall be deemed.
  • SoftBank in talks to invest USD 500-600 mn in Flipkart: Sources

    The transaction - which may also see participation from Singapore's sovereign wealth fund GIC and Canadian pension fund CPPIB - could value Flipkart between USD 30-32 billion.
  • Hysea sets up 150-bed ICU in Telangana Institute of Medical Sciences

    As part of their response to the prevailing Covid situation, Hysea along with its member companies and NGO partner Nirmaan identified key government hospitals wherein there is a need for staff, critical lifesaving equipment
  • Govt caps trade margin on oxygen concentrators at 70 pc

    As per information collected by the government, margin on the oxygen concentrators at the distributor level currently ranges up to 198 per cent.
  • Glenmark gets USFDA approval for Theophylline ER tablets

    The company said the tablet is the bioequivalent and therapeutically equivalent to the Theophylline extended-release tablets, 300 mg and 450 mg, of Alembic Pharmaceuticals Limited.
  • Gold declines Rs 388, silver tumbles Rs 920

    In the international market, both gold and silver were trading flat at USD 1,870 per ounce and USD 27.35 per ounce, respectively.
  • Baggage delivery firm CarterX raises funds from Venture Catalysts

    With over 1 lakh orders completed, the brand aims partner with more airlines' and airports' in the next few months.
  • ITC’s cigarette volumes recover to pre-COVID levels

    FMCG division had a strong year with 16 per cent sales growth and its margin improvement journey continued with fourth consecutive year of 150bp plus margin expansion.
  • RBI projects GDP growth at 9.5 per cent in 2021-22

    Monetary Policy Committee emphasises the need for policy support from all sides – fiscal, monetary and sectoral – required to nurture recovery and expedite return to normalcy
  • Sensex, Nifty start on positive note ahead of RBI policy outcome

    After opening on a flat note, the 30-share BSE index was trading 59.24 points or 0.11 per cent higher at 52,291.67 in initial deals, and the broader NSE Nifty advanced 16.85 points or 0.11 per cent to 15,707.20.
  • Rupee falls 16 paise to 73.07 against US dollar in early trade

    Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance amid the second COVID wave.
  • Equity indices trade flat as RBI keeps interest rates unchanged

    At 10:25 am, the BSE S&P Sensex was up by 94 points or 0.18 per cent at 52,327 while the Nifty 50 gained by 31 points or 0.2 per cent to 15,721.
  • RBI maintains status quo on interest rates

    The announcement came after a three-day meeting of its Monetary Policy Committee (MPC). The RBI has kept repo rate the central bank's lending rate unchanged at 4 per cent and reverse repo rate borrowing rate at 3.35 per cent.
  • WE Hub launches video series on entrepreneurship

    First episode will be telecasted on TSAT network on June 9
  • ZeroCode to train alternative developers

    City-based ZeroCode is looking to see how quickly a company can get digitised without the need for coders and coding.
  • Onus of recovery on govt; expect over 9.5 pc GDP growth in FY22

    The government may be waiting for the lockdowns to end before they can announce specific measures for the revival, which can have the best multiplier effect.
  • IDBI Bank secures $239 mn debt judgement in UK

    IDH International Drilling Holdco Ltd (IDH), the Cypriot-registered parent company of the borrowers, gave a corporate guarantee in respect of the loan.
  • Sensex, Nifty surge to record highs

    Titan was the top gainer in the Sensex pack, soaring nearly 7 per cent, followed by ONGC, L&T, Kotak Bank, Axis Bank, Bajaj Finance and HDFC Bank.
  • Niti Aayog submits names of PSU banks for privatisation

    Changes on the regulatory side to facilitate privatisation would start after the Cabinet approval.
  • Govt to notify PLI scheme for auto components, steel, textile: Official

    The government introduced the PLI scheme to encourage an incentive-led model for manufacturing, attracting advanced technologies, bringing in economies of scale and meeting quality standards.
  • India’s services sector slumps in May

    International demand for Indian services also worsened, with new export business falling at the quickest rate in six months.
  • Mucormycosis treatment covered by default: Policybazaar

    Policyholders must adhere to the terms and conditions of their health insurance policy including notifying the insurers of pre-existing illnesses, planned or emergency hospitalisations.
  • Ocugen expands Covaxin commercialisation rights to include Canada

    US-based Ocugen will make an upfront payment and milestone payment upon first commercial sale in Canada to Bharat Biotech, in addition to sharing the profit from sales of Covaxin in Canada
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