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June 9, 2020 1:01 PM
The global economy, which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the coronavirus pandemic and the shutdown measures to contain it, the World Bank said Yesterday. The coronavirus recession is the first since 1870 to be triggered solely...
June 8, 2020 10:22 PM
The Reserve Bank today proposed a comprehensive framework for sale of loan exposures, which could be standard, sub-standard or non-performing assets (NPAs), as part of the overall exercise to deepen the market for lending. Loan sales may be resorted to by lenders for any reasons ranging from strateg...
June 8, 2020 9:45 PM
June 8, 2020 8:44 PM
Union Finance Minister Nirmala Sitharaman has said that the COVID Emergency Credit Facility covers all companies and not just MSMEs. Addressing the FICCI National Executive Committee members today, the Finance Minister assured the industry of all possible Government support. On the question of liqui...
June 8, 2020 6:02 PM
Enforcement Directorate, ED today conducted searches at five premises of Promoter, Directors and auditor of Cox and Kings Group in Mumbai involved in Yes Bank fraud case of Rs. 3,642 Crore. The agency had registered a money laundering case against Rana Kapoor and others in March this year under the ...
June 7, 2020 2:26 PM
Organization of the Petroleum Exporting Countries (OPEC) and allied nations have agreed to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard hit by the Coronavirus pandemic. Ministers of the cartel and outside nations like...
June 6, 2020 12:43 PM
The Narendra Modi Government recently completed first year of its second term. The 365-day period has witnessed series of chronicles being ed. From resolving age old issues to bringing technology driven solutions, the country has embarked on its journey to become a five trillion dollar economy. AI...
June 6, 2020 8:32 AM
India's foreign exchange reserves surged by 3.43 billion dollars to reach a fresh all-time high of 493.48 billion dollars in the week ended 29th of last month. A Reserve Bank of India press release has informed that foreign currency assets, a major part of the overall reserves rose by 3.50 ...
June 5, 2020 4:33 PM
Domestic equity benchmarks today gained around one per cent amid positive global cues. Sensex at Bombay Stock Exchange climbed 307 points, or 0.90 per cent to close at 34,287. Similarly, Nifty at National Stock Exchange surged 113 points, or 1.13 per cent, up at 10,142.
June 5, 2020 8:28 AM
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