Gold prices continued to march North on Wednesday as the coronavirus cases in India and elsewhere kept surging rapidly which pushed investors to rush to safe-haven. In India, the total number of coronavirus cases has surpassed 1.06 lakh mark with a death tally over 3,000. On MCX, gold June...
The Securities and Exchange Board of India SEBI asked listed companies to disclose the expected impact of the lockdown of the crisis on account of the Coronavirus on their revenues and also profits, in line with international practices. The move is aimed to help the investors assess the extent...
The finance ministry on Monday said that it has sanctioned Rs 46,038.70 crore for May installment of the devolution of states’ share in central taxes and also duties. As the ministry said in a tweet - “These releases, similar to April releases, have been calculated based on tax receipts...
P.M. Narendra Modi ’s Rs 21 lakh crore stimulus package drawn more criticism, this time from the global wealth manager, Credit Suisse. Credit Suisse Wealth Management told that the govt’s stimulus package lacks major near-term support for the economy and may not be adequate to restore India’s growth trajectory,...
JM Financial in its recent report listed out 10 stock ideas for a large cap portfolio that would remain unaffected from the COVID-19. These recommendations by the brokerage includes Reliance Industries, Bharti Airtel, ICICI Lombard, Kotak Mahindra Bank, to name a few. All these stocks recommended by the broker...
The U.S. Senate on April 21 unanimously approved $484 billion in additional coronavirus relief for the U.S. economy and hospitals treating people sickened by the pandemic, sending the measure to the House of Representatives for final passage later this week. The bill, approved by the Senate on a voice vote...
The Indian equity markets were trading firm on Wednesday, lifted mainly by the HDFC twins. The S&P BSE Sensex rose 222 points to 30,420 levels and the Nifty50 index traded around 8,960 levels. ITC, up 2 percent, was the top gainer in the Sensex pack. Besides, HDFC and HDFC...
Bajaj Finance reported that a fall of 19% in its profit to ₹948 crore in the 3 months between January-March 2020 compared to the same time as last year. As Bajaj Finance said in its filing with the BSE - “Due to COVID-19 pandemic and the consequent lockdown, the...
Oil-to-telecom aggregate Reliance Enterprises Ltd (RIL) has fixed May 14 as the record date for deciding investors qualified to apply for India's greatest rights issue of Rs 53,125 crore. Extremely rich person Mukesh Ambani's firm had on April 30 declared gathering pledges of Rs 53,125 crore by the method of...
Former RBI Governor 'Duvvuri Subbarao' on Sunday told the financial stimulus announced by the Centre on March 26 on account of lockdown for containing spread of Corona virus is "not sufficient" ;Maintaining that the combined fiscal deficit of the Centre and states may go up to 13-14 percent of...