Business

The bank has since sanctioned nearly six lakh loans amounting to Rs 4300 crore under agriculture, SHGs and retail categories, it said.

Besides stock-specific action, investors are cautious ahead of Reserve Bank of India's announcement, traders said.

After rising to an intra-day high of 31,188.79, the 30-share index settled 114.29 points or 0.37 per cent up at 30,932.90. The broader NSE Nifty advanced 39.70 points, or 0.44 per cent, to 9,106.25.

For 2019-20 fiscal (up to November 2019), the Centre has released Rs 1,20,498 crore GST compensation, higher than Rs 69,275 crore released in full 2018-19 and Rs 41,146 crore in 2017-18. GST was rolled out on July 1, 2017.

The Directorate General of Trade Remedies recommended the duty after concluding in its probe that there is a substantial increase in imports of digital offset printing plates from these nation in absolute terms.

The indicator, launched in July 2016, fell to 87.6 from 95.5 in February, the Geneva-based body said. Readings of less than 100 indicate trade below medium-term trends.

L&T Infotech on Tuesday reported a 12.9 per cent growth in consolidated net profit to Rs 427.5 crore for the January-March 2020 quarter.

Employer contributions to the social security scheme run by the EPFO shall be 10 per cent of the wages of May, June and July due in June, July and August, respectively, the statement explained.

This was announced by the Finance Minister Nirmala Sitharaman while giving details of the first set of economic relief package to counter Covid-19 disruptions.

Prime Minister Narendra Modi's announcement of the massive economic stimulus to revive the coronavirus-hit economy boosted domestic investor sentiment as NSE Nifty jumped 187 points and BSE Sensex zoomed 637 points.

Federation of Indian Mineral Industries hoped that the 20 lakh crore Stimulus package will be used to give relief to 'highy taxed and struggling' mining sector.

With no other approved treatment for COVID-19, the respiratory illness caused by the novel coronavirus, interest in remdesivir has been growing.

Apart from BSE, depositories -- Central Depository Services (India) Ltd (CDSL) and National Securities Depository Ltd (NSDL)-- have also been permitted to use e-KYC Aadhaar authentication, as per a Sebi circular.

The Indian unit’s delisting will provide Vedanta Resources, which owns a 36.8 per cent stake in the unit, with enhanced operational and financial flexibility, as well as “transform” its credit profile, Vedanta Resources said.

With dwindling cash flow, jute mills are facing hardship and will have no alternative but to close units said an official of the industry body.

Gold is poised to move higher in the longer term and investors are trying to get their hands on the metal before it rockets higher, IG Markets analyst Kyle Rodda said, adding that there was a lot of technical support around the $1,700 level.