Business

While many of his predecessors worked consciously to not affect the markets, Trump has overtly made market movements and performance a measure of his effectiveness and central to his argument for a second term.

The online retailer said it will also temporarily raise pay by $2 an hour through the end of April for hourly employees and the employees in United Kingdom and European Countries.

Solicitor General Tushar Mehta, appearing for the Centre, mentioned the application for urgent listing saying that if a telecom company goes bankrupt due to the dues, it would have a major impact on the sector.

The Fed slashed rates back to near zero, restarted bond buying to help put a floor under a rapidly disintegrating global economy amid the escalating coronavirus pandemic.

The Centre on Saturday notified the YES Bank Limited Reconstruction Scheme, 2020, a day after the Union Cabinet approved a reconstruction plan proposed by the RBI.

Earlier this month, the Reserve Bank of India (RBI) placed Yes Bank under moratorium and took over control of the board. They also imposed a Rs 50,000-limit on withdrawals from the bank till April 3.

SBI will be investing Rs 2,450 crore which can later balloon to Rs 10,000 crore in order to buy 49 per cent in Yes bank.

According to depositories data, foreign portfolio investors (FPIs) withdrew a net Rs 8,997.46 crore from equities and Rs 4,159.66 crore from the debt segment during March 2-6.

As per the consultation paper, non-banking financial companies (NBFCs) will now be required to create an identified charge on the assets, as the pari-passu floating charge in case of recent defaults of NBFCs in secured loans has created confusion as to wh...

Making a second attempt to privatise loss-making Air India in as many years, the government on January 27 came out with a Preliminary Information Memorandum (PIM).

As COVID-19 spreads quickly from close-knit groups, hot tourist locations are highly likely to be danger zones. Some museums in Milan, Paris and Japan have closed down for the time being to hold up the spread of the virus.

The top countries from where India attracted maximum FDI during the period include Mauritius, Singapore, Japan, Netherlands and the United States.

The 30-share index was trading 47.12 points, or 0.12 per cent, lower at 38,576.58, and the NSE Nifty slipped 10.20 points, or 0.09 per cent, to 11,293.10.

On being asked if Vistara or Tata Sons were evaluating Air India, Bhat replied by saying that they (Vistara) are a joint venture.

Marking its seventh consecutive session of fall, the broader NSE Nifty fell 69 points or 0.62 per cent to end at 11,132.75.

International gold prices also advanced over 1% on Monday as concerns regarding the coronavirus epidemic deepened, turning the investors towards safer havens. Spot gold gained 1.2% to $1,602.90 per ounce by 0104 GMT, while US gold futures rose 1.9% to $1,...