Business

Japanese brokerage Nomura warned of a likely downgrade of the sovereign by global ratings agencies while American brokerage Goldman Sachs (GS) said RBI will cut rates by another 1 percentage point to arrest the economic slide.

Cognizant follows January-December as financial year. Its net profit was at USD 441 million in the March 2019 quarter.

Yes Bank's board had to be superseded by the RBI and the government earlier this year after alleged mismanagement under its founder CEO Rana Kapoor.

Participating in the same meeting, Union Minister for MSME and Road Transport and Highways Nitin Gadkari also said "a package is going to be declared".

Remdesivir is an investigational antiviral drug that may be found effective against the virus that causes Covid-19

India's April gasoil exports closed at a four-month high of 2.73 million tonnes, compared with 2.53 million tonnes in March, according to Refinitiv oil research assessments.

Investors, however, remained worried about brewing Sino-US tensions after President Donald Trump threatened new tariffs on China for its handling of the outbreak.

Since the first lockdown extension, Crane Owners Association of India, which has over 150 members, have written twice to MSME Minister Nitin Gadkari and once to Finance Minister Nirmala Sitharaman, seeking their help.

On Tuesday, Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.

Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.

The final report of the task force on National Infrastructure Pipeline (NIP) for 2020-2025 presented to the government suggested agricultural reforms broadly in three areas e-market infrastructure, storage and processing, and research and development (R&D...

Serum, the world’s largest maker of vaccines by volume, is mass-producing the vaccine candidate developed by the University of Oxford.

In a note on Monday, Ind-Ra revised its economic growth estimate for the country from its forecast of 3.6 per cent published on March 30, 2020 to to 1.9 per cent.

After market hours on Friday, Mindtree reported 3.9 per cent rise in consolidated net profit to Rs 206.2 crore for March 2020 quarter, and said it anticipates softness in demand ahead as clients defer spending due to Covid-19 pandemic.

The share price of Alembic Pharma surged more than 63 per cent in the past month and reached an all-time high of Rs 807.60 on Friday.

Brent crude was up $1.07, or 5%, at $22.40 on Friday, a day after climbing 5% as US oil gained $1.12, or nearly 7%, at $17.62 a barrel.