Business

April 8, 2020 11:29 AM

Sensex, Nifty saw upwards trend in early trade

The Sensex at the Bombay Stock Exchange climbed over 1000 points in early trade today. After hitting a low of 29,602, the 30-share index recovered, standing 1011 points higher at 31,078, when reports last came in.  The Nifty at the National Stock Exchange also saw an upwards trend and stood 310 poin...

April 8, 2020 7:55 AM

SIDBI to provide emergency working capital of up to Rs 1 crore to MSMEs

The Small Industries Development Bank of India - SIDBI has said that it will provide emergency working capital of up to one crore rupees to small and medium enterprises(MSMEs) against their confirmed government orders. The SIDBI Assistance to Facilitate Emergency response against Corona virus - SAFE...

April 7, 2020 8:10 AM

Govt relaxes export curbs on 24 pharma ingredients, medicines

Government has relaxed export curbs on 24 pharma ingredients and medicines including vitamin B1 and B12. Directorate General of Foreign Trade (DGFT) issued a notification in this regard yesterday. Last month, DGFT had imposed export restrictions on 26 active pharmaceutical ingredients (APIs) and for...

April 6, 2020 11:31 AM

Boeing says it will extend close down at its factories in Washington

In United States, Boeing has said, it will indefinitely extend a close down at its factories in Washington State because of the Corona virus pandemic. The company currently employs around 70,000 people in Washington State.   The aerospace giant had already halted production at its Puget Sound facili...

April 6, 2020 9:00 AM

FCI sets new record in single day transportation of food grains

Food Corporation of India (FCI) has set a new record in single day movement by moving 70 rakes carrying one lakh 93 thousand Metric Tonnes food grains continuously for two days. Consumer Affairs Ministry said, FCI is ensuring that enough food grain stocks are made available in every part of the coun...

April 3, 2020 8:47 PM

RBI reduces trading timings of currency and debt markets

In view of the COVID-19 outbreak, the Reserve Bank of India has notified a change in market timings. Beginning April 7th, markets dealing with government securities, call/notice/term money, corporate bonds, foreign currency, Indian Rupee Trades, commercial paper and Certificates of Deposit will be w...

April 3, 2020 10:54 AM

COVID-19: Sensex down 400 Points; Nifty below 8,150

Equity benchmark Sensex was down 400 points in early trade today, owing to the economic uncertainity due to COVID-19 pandemic. After hitting a low of 27,800.07, the BSE barometer was trading 356.50 points lower at 27,902.95. Similarly, the NSE Nifty fell 105.35 points to 8,148.45.     Meanwhile, the...

April 1, 2020 9:10 PM

ED attaches assets worth over Rs 10 cr in a bank fraud case

Enforcement Directorate, ED has attached assets worth over ten crore rupees belonging to accused Madan Chand Jain, Gaurav Jain and others in a bank fraud case. The attached assets include Bank Balances, Investment in shares and 15 flats in Kolkata. The agency took up investigation under the provisio...

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