Business

May 18, 2020 4:33 PM

Sensex falls 1,069 points to 30,029; Nifty settles at 8,823

Domestic equity benchmarks today plunged around three and half a per cent amid extension of lockdown in the country and increasing number of Corona virus cases worldwide. Local share market indices declined even as global cues were positive.  Sensex at Bombay Stock Exchange fell 1,069 points, or 3.4...

May 17, 2020 9:29 AM

Industry bodies welcome 4th tranche of economic package

Industry body Assocham and FICCI have welcomed the measures announced by the Finance Minister Nirmala Sitharaman as part of fourth tranche of economic package. FICCI President Dr Sangita Reddy said that Government is turning the crisis into an opportunity for India, the government is turning the cri...

May 16, 2020 8:49 AM

CCI proposes amendments to combination regulations

Competition Commission of India, CCI has proposed changes to combination regulations to do away with the requirement for disclosing certain non-compete restrictions while seeking the watchdog's approval.   Combinations -- generally mergers and acquisitions -- beyond a certain threshold need...

May 16, 2020 8:25 AM

Foreign exchange reserves surge by USD 4.2 bn to USD 485.31 bn: RBI

India's foreign exchange reserves jumped by 4.235 million dollars to reach billion 485.313 dollars in the week ended 8th May. A RBI press release informed that foreign currency assets, a major part of the overall reserves rose by 4.233 billion dollars to 447.548 billion dollars. In the prev...

May 15, 2020 9:55 PM

Oil hits one-month high as demand shows signs of picking up

Oil prices today gained, touching more than one-month highs amid signs that demand for crude was picking up.       In intra-day trade, Brent crude prices, were trading at 31 dollars and 70 cents per barrel while WTI crude prices were at 28 dollars and 10 cents per barrel.

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