Business

Sensex rallies over 1,100 pts; Nifty tops 9,000 level
Mumbai: Equity benchmark Sensex surged over 1,100 points in the opening session on Friday led by gains in banking stocks ahead of Reserve Bank Governor Shaktikanta Das’ address. Positive cues…
Sensex surges over 700 pts; Nifty tops 8,400 level
Mumbai: Equity benchmark Sensex jumped over 700 points in opening session on Thursday led by gains in HDFC twins, Infosys, ICICI Bank and Axis Bank amid mixed global cues. The…
Rupee rises 13 paise to 75.81 against US dollar in early trade
Mumbai: The Indian rupee appreciated by 13 paise to 75.81 against the US dollar on Thursday tracking positive opening in domestic equities as assurance of a stimulus to fight the…
Honda Cars India temporarily suspends production
New Delhi: Automobile manufacturer Honda Cars India on Sunday said that production operations at both its manufacturing plants in Greater Noida, Uttar Pradesh and Tapukara, Rajasthan will be temporarily suspended. The…
Sensex surges over 1,600 pts; Nifty reclaims 8,200 level
Mumbai: Equity benchmark Sensex rallied over 1,600 points in afternoon session on Wednesday led by gains in index heavyweights Reliance Industries, HDFC twins, ICICI Bank and Kotak Bank as government…
Coronavirus: GoAir says all employees will have pay cut in March
New Delhi: As the coronavirus pandemic has drastically impacted revenues of the aviation sector, GoAir CEO Vinay Dube stated on Wednesday that all employees will be taking a pay cut…
Federal officials reach deal on $2 trillion aid package
Washington: The White House and Senate leaders of both parties have struck an agreement on a sweeping 2 trillion measure to aid workers, businesses and a health care system strained…
Telecom firms launch special plans to support work from home
NEW DELHI: Amid coronavirus outbreak, telecom firms like Reliance Jio, Bharti Airtel, and Vodafone Idea have launched special plans to encourage people to work from home. Reliance Jio on Monday said…
Asia markets track Wall St surge as US targets blockbuster bill
Hong Kong: Asian equities soared again Wednesday following a blockbuster day in New York and Europe as US lawmakers edge towards a mammoth stimulus package to support the world’s top…
Zostel supports travelers amid COVID-19 pandemic
Hyderabad: Coronavirus has interrupted tourism on a global scale forcing travelers to cancel flights and accommodations at the last minute. To encourage travelers to stay safe and not bother about…
Oil prices rally on hopes for US stimulus
Singapore: Oil prices rallied in Asia Wednesday on signs the US Congress was nearing an agreement on a massive stimulus package to help the coronavirus-ravaged American economy, tracking record Wall…
Sensex starts over 600 pts higher, pares gains
Mumbai: Equity benchmark Sensex jumped over 600 points in opening session on Wednesday after the government took drastic measures to combat Covid-19 outbreak with Prime Minister Narendra Modi announcing a…
Rupee to average at 77 per USD in 2020, 80 in 2021: Fitch
Snapping its four-session losing run, the rupee on Tuesday gained 26 paise to settled at 75.94 (provisional) against the US dollar after Finance Minister Nirmala Sitharaman said the government is…
iOS 14 code hints BMW could be first to use Apple’s ‘CarKey’ API
Without going into detail, 9to5Mac reports “evidence” in a pre-release version of the as-yet-unannounced iOS 14 indicates BMW will be the first automaker to support “CarKey” if and when the…
Toyota India halts car production over Covid-19 outbreak
Bengaluru: Toyota’s India joint venture halted production of cars at its Bidadi plant near here over the coronavirus outbreak and consequent lockdown till March 31, the comnpany said on Sunday. “Toyota…
Asian markets sink as pandemic deaths soar
Hong Kong: Asian markets were hammered on Monday despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the coronavirus pandemic. The negative mood was fuelled…
Market extends fall as trading resumes, Sensex sinks 3,186 pts
Mumbai: Domestic stock trading on Monday resumed after a 45-minute halt, with equity benchmark Sensex plummeting further to 3,186 points and the broader Nifty sinking below 7,900 level. Stock exchanges…
Investor wealth plummets over Rs 10 lakh cr in 1st hour of trade
New Delhi: Investor wealth plummeted by over Rs 10 lakh crore in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10…
Sensex plunges 10 pc, trading halts for 45 mins
Mumbai: Equity benchmark Sensex sank nearly 3,000 points to hit its lower circuit limit in morning session on Monday, triggering a 45-minute trading freeze as coronavirus-led lockdowns across the world…
Rupee tanks 95 paise, falls below 76 level against US dollar
Mumbai: The Indian rupee slipped further by 95 paise to 76.15 against the US dollar in opening trade on Monday amid sharp rise in coronavirus cases in the country and…
Sensex plunges over 2,700 pts as lockdowns spook investors
Mumbai: Equity benchmark Sensex plummeted over 2,700 points in opening session on Monday as global stocks resumed their free fall amid coronavirus-led lockdowns across the world stoking fears of a…
COVID-19: Maruti Suzuki halts operations at Haryana plants
New Delhi: Maruti Suzuki India has announced the shutting down of its manufacturing facilities and offices at Gurugram and Manesar in Haryana with immediate effect due to the coronavirus outbreak. Its…
Markets in no man’s land – likely to consolidate
Markets were in a really bad shape last week and just about managed to recover some ground on Friday. They lost on the first four days of the week. BSE…
Crude reality: price crash means oil firms must slash spending
Paris: Confronted with a dizzying drop in prices, oil firms face a real challenge as they try to cut investment spending in order to survive a coronavirus-induced collapse in demand…
Ola offers Rs 30k cover for driver-partners affected by COVID-19
Hyderabad: Ola, largest mobility platform and one of the world’s largest ride-hailing companies, on Saturday, shared that it would cover loss of income for driver-partners and their spouses in case they…
Brazil expects almost 0% growth in 2020 due to virus: government
Brasilia: Brazil’s government on Friday drastically downgraded its growth projections for 2020 by 2.1 percent to practically zero (0.02 percent) due to the coronavirus pandemic. The Economy Ministry had already…
Hero MotoCorp moves SC, seeks deadline extension of BS-IV sale
New Delhi: Two-wheeler major Hero MotoCorp has approached the Supreme Court seeking extension of the deadline for sale or registration of BS-IV vehicles by three months. In an interlocutory application filed…
Dr Reddy’s unveils new drug in US
Hyderabad: Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DR REDDY, NYSE: RDY, along with its subsidiaries together referred to as “Dr. Reddy’s”) today announced the launch of Pyrimethamine Tablets USP,…
Wall Street ends higher on energy, tech boost
New York: Wall Street’s three main stock indexes ended higher, lifted by gains in energy and technology shares. The Dow Jones Industrial Average rose 188.27 points, or 0.95 per cent,…
Sell-off: Sensex trims losses, rupee hits 75/$
New Delhi: As coronavirus fears refuse to end in the markets, Indian indices ended in the red on Thursday, although with sharp recovery from the initial losses. Pressure also continued…