Business

Spain's furniture manufacturers say they are overwhelmed by demand after sales boomed at the end of lockdown in June, potentially erasing most of the year's losses.

The Financial Resolution and Deposit Insurance Bill, 2017, was introduced in the Lok Sabha on August 10, 2017, and, thereafter, was referred to the JPC for examination and report thereon.

The post had fallen vacant after senior-most deputy governor NS Vishwanathan demitted office three months ahead of his extended tenure on March 31 on health g.

In May, President Gotabaya Rajapaksa made an additional request to India for a special USD 1.1 billion currency swap facility.

TRAI had questioned the two telecom companies on whether network preference to specific customers came at the cost of deterioration of services for other non premium subscribers.

The announcement comes a week after Flipkart had said it had raised $1.2 billion in funding from a Walmart-led investor group.

According to sources, Reliance Jio on July 17 requested for 800 megahertz of frequencies in the 26 gigahertz (Ghz) and 24 Ghz band as well as 100 Mhz in 3.5 GHz band for running field trials in 'urban centres like Delhi and Mumbai'.

The Commerce Ministry's investigation arm Directorate General of Trade Remedies (DGTR) has started the probe to assess if the subsidy programme of China for exports of 'Viscose Rayon Filament Yarn above 60 deniers'' is impacting the Indian industry.

Hong Kong recorded more than 100 cases in a 24-hour period over the weekend, the most since the pandemic took hold in late January.

The BSE Sensex jumped 238.75 points or 0.64 per cent to trade at 37,258.89; and the NSE Nifty rose 79.15 points or 0.73 per cent to 10,980.85 in opening deals.

According to depositories data, FPIs withdrew Rs 6,058 crore from equities and Rs 2,957 crore from the debt segment on a net basis during July 1-17.

As the industry oscillate between lockdown and reopening in various states, companies such as Godrej Consumer Products Ltd (GCPL) and ITC are banking on inventories stocked up to maintain supplies to the market.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms.

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 221.70 crore on Wednesday, according to provisional exchange data.

During April-June 2020, exports fell by 36.71 per cent to $51.32 billion, while imports shrank by 52.43 per cent to $60.44 billion. The trade deficit stood at $9.12 billion during the two months of the current fiscal.

Ambani, addressing the first ever virtual Annual General Meeting of RIL, laid the future roadmap for the company and announced Google's investment in Jio, and plans to launch a homegrown 5G service.