Business

The eight deals, which total Rs 97,885.65 crore (about $13 billion) and value Jio Platforms at Rs 5.16 lakh-crore (nearly $69 billion), could not have come at a better time for India.

The campaign call by the Confederation of All India Traders (CAIT), which claims to represent 7 crore traders and 40,000 trade associations, comes amid border tensions between India and China.

Rajan said most nations do not have the capacity for mid-sized firms with 100 to 150 employees and manufacturing may find it tough to start up.

In a filing to the BSE, the company said the committee approved allotment of 4,000 non-convertible debentures having face value of Rs 10 lakh each on private placement basis to identified investors.

Niti Aayog Vice-Chairman Arvind Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.

Addressing the annual session of the Confederation of Indian Industry (CII), he urged large industries to clear outstanding payments owed to MSMEs in 45 days.

The penalty has been imposed on Rohit Premkumar Gupta, Navin Kumar Tayal, Jyotika Sanjay Tayal, Advik Textiles & Realpro Pvt Ltd and Kulwinder Kumar Nayyar, and the amount needs to be paid jointly and severally by them, the regulator said in an order.

This comes in the backdrop of two Indian pharmaceutical companies -- Cipla and Hetero Labs -- applying to the drug regulator seeking permission to manufacture and sell remdesivir in India.

After touching a high of 30,825.18 in opening session, the 30-share index gave up all of its gains to trade 63.21 points or 0.21 per cent lower at 30,546.09.

Fitch said it has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO) for May, but the slump in global economic activity is close to reaching its trough.

ITC was the top gainer in the Sensex pack, rallying over 4 per cent, followed by IndusInd Bank, HDFC Bank, Tata Steel, Titan, UltraTech Cement and L&T.

The NSE Nifty 50 index closed 0.74% lower at 9,039.25 on Friday, while the benchmark S&P BSE Sensex ended down 0.84% at 30,672.59.

The uncertainty over the gravity of the pandemic's impact on the global economy and financial markets worldwide triggered a flight to safety among foreign investors as they rushed to exit from relatively riskier investment destinations, such as emerging m...

Nasdaq's new curbs on Chinese IPOs represent the latest flashpoint in the financial relationship between the world's two largest economies.

Goldman economists Prachi Mishra and Andrew Tilton, in a note written on May 17, observed that these estimations indicate that the real GDP will drop by 5% in the 2021 fiscal year.

In addition, experts said, domestic bourses will take cues from global peers which have been reeling from fears of a second wave of COVID-19 in some countries.