Business
Non-subsidised Cooking Gas Price Cut by a Record Rs 162.50 per Cylinder
The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.
Mukesh Ambani to Forego Salary, RIL Board Members to Take Pay Cut amid Coronavirus Pandemic
In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.
Realty Check: Work-from-home Might Not Result in Shrinking of Office Spaces, Say Experts
The need for more space due to potential social distancing norms in the near and distant future, expert say, is likely to offset the space gained by people working from home.
Rupee Rises 34 Paise to 75.84 Against US Dollar in Early Trade
Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more countries are announcing gradual lifting of lockdowns that have been imposed to contain coronavirus infection.
Exporters Seek Relief Amid COVID-19 Outbreak, SBI Working on Packages
Chairman of CII National Committee on Exports and Imports, Sanjay Budhia, said exporters are looking forward to extension of interest subvention scheme that expired on March 31, among other measures.
Serum Institute to Start Making Oxford's Covid-19 Vaccine in 3 Weeks, Launch by Oct if Trials Succeed
The Pune-based company has partnered with Oxford University as one of the seven global institutions manufacturing the vaccine.
Covid-19 Crisis is India's Best Opportunity to Attract Foreign Firms, Replace China, Says Top US Advocacy Group
The multi-billion-dollar investment announced by Facebook in the middle of the coronavirus pandemic shows that India is still a very attractive market.
Russia Orders Companies to Cut Oil Output by 20% from February Levels: Sources
Russia, where output of a gas condensate stands at 0.6-0.7 million bpd, does not give breakdown for production of oil and gas condensate.
Coronavirus Lockdown Has Severely Disrupted Supply Chains, Says Niti Aayog CEO Amitabh Kant
India is on a nationwide lockdown till May 3 to contain the spread of the coronavirus.
Vistara Again Announces Compulsory Leave Without Pay for Up to Three Days for Senior Employees
Vistara CEO Leslie Thng on Wednesday announced that senior employees will be going on compulsory leave without pay for up to three days between April 15 and April 30 as a measure to further conserve the airline's cash flow amid the lockdown to combat the...
Wholesale Price Inflation Cools to 1 Per Cent in March
The inflation based on wholesale price index (WPI) eased to 1 per cent in March from 2.26 per cent in February on sharp fall in food prices in the country.
Johnson & Johnson Sees Recovery in Coronavirus-hit Medical Devices Unit at End of Year
Johnson & Johnson's forecast for 2020 assumes that a return of the coronavirus outbreak in the fall will look much different than the current global health crisis.
Private Lenders May Lose Deposits to PSBs Due to Yes Bank Bailout: Report
The research report comes at a time when many private sector lenders have reported a contraction of deposits in the March quarter when the Yes Bank crisis happened.
Pharma Stocks on a Roll; Glenmark Pharma, Cadila Healthcare, Lupin, Cipla Gain 4-20%
At 2:25 pm, the Nifty Pharma index was trading at 9,044.85, up 2.8%, after hitting the day’s high of 9,229.60.
Gold Rises Slightly as Dollar Shows Signs of Weakness Amid Hope of Virus Reaching Its Peak
Spot gold rose 0.1% to $1,647.94 per ounce by 0312 GMT, having hit a four-week high of $1,671.40 on Tuesday. U.S. gold futures were flat at $1,683.40 per ounce.
Sensex Soars Over 900 Points, Nifty Reclaims 9,000-mark; HDFC, Maruti, Bharti Airtel, Bajaj Finance Rise Over 5%
HDFC was the top gainer in the Sensex pack, surging up to 5 per cent, followed by Maruti, Bharti Airtel, Bajaj Finance, Tata Steel, Hero MotoCorp and ICICI Bank.
