Business
Govt Bans Export of Sanitisers and Ventilators With Immediate Effect Amid Coronavirus Outbreak
The Directorate General of Foreign Trade banned exports of all types of ventilators, including any artificial respiratory apparatus or oxygen therapy apparatus or any other breathing appliance or device.
Aadhaar-PAN Linking Date Extended Till June 30 in Wake of Virus Crisis, Announces FinMin Sitharaman
While there is no extension on the deposit of TDS, Sitharaman provided relief by reducing the interest rate to 9% till June 30. The current rate was 18%.
Beyond Janta Curfew: Govt Must Ensure MSME Sector, Backbone of Economy, Survives Coronavirus
Narendra Modi must execute an elaborate and effective plan to assure the country that government will take care of the jobs and businesses, while fighting this health emergency in these testing times.
Saudi Aramco Reports 20.6 % Drop in 2019 Profit Due to Low Oil Prices
The energy giant posted net profits of $88.2 billion last year compared to $111.1 billion in 2018.
Sensex, Nifty Recover as Trading Begins After 45-Minute Halt Due to Markets Hitting Lower Circuit
Japan's Nikkei was in free fall, dropping 10% and heading for its worst week since the 2008 financial crisis, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 2%.
Stocks Hammered, Oil Slides as Trump’s Europe Ban Over Coronavirus Fans Recession Fears
Tokyo dropped more than five per cent, while Hong Kong finished the morning down 3.8 per cent and Sydney collapsed almost seven percent, with Bangkok around eight per cent down.
Sensex Rebounds from ‘Black Monday’ Crash, Up 300 Points; Yes Bank Among Gainers
After surging 308 points in highly volatile trade, the 30-share index was up 72.14 points, or 0.20 per cent, at 35,707.09, and the NSE Nifty rose 22.20 points, or 0.21 per cent, to 10,473.65.
In Late-night Tweet, Crisis-hit Yes Bank Says Debit Card Holders Can Withdraw Money from ATMs
The bank from its official Twitter account said, “You can now make withdrawals using your Yes Bank Debit Card both at Yes Bank and other bank ATMs. Thanks for your patience.”
Distress Calls, Long Queues at Branches After Yes Bank Imposes Rs 50,000 Withdrawal Limit
Finance Minister Nirmala Sitharaman on Friday assured Yes Bank's depositors that their money is safe and the RBI is working on an early resolution of the issue.
Gold Set for Biggest Weekly Gain Since 2016 as Fears Rise over Virus Impact
The metal has gained as much as 5.3% so far this week as worries over the Coronavirus sent investors scurrying for safe havens.
Coronavirus Erases Hopes for Stronger Growth in 2020, Says IMF Chief
The changed forecast would represent a more than 0.4-percentage-point drop from the 3.3% growth the IMF had estimated for 2020 in January as U.S.-China trade tensions eased.
Govt Pegs 18 Percent Lower Sugar Output to 26.3 Million Tonne for 2019-20
Mills have produced 19.48 mt of sugar till February of the marketing year 2019-20 (October-September), according to the industry body ISMA.
Indiabulls Housing Finance Shares Surge 25% After RBI Dismisses Any Wrongdoing
Indiabulls Housing Finance said after market hours on Friday that an affidavit submitted by RBI in the court has mentioned that there were no violations of any nature or kind regarding the company.
Coca-Cola Global Chief Hopes India Resolves Issues in Democratic Manner as Delhi Riots Affect Businesses
India is a vibrant democracy and it needs to work out what is going on. It is hoped that things get worked out in an appropriate democratic manner, said oca-Cola Global Chairman James Quincey.
Jammu &Kashmir, Ladakh Sign Pact With Bajaj Allianz for Implementation of Ayushman Bharat scheme
Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana was launched on December 1, 2018 in Jammu and Kashmir.
With Sensex Down 1,500 Points, Is It the Right Time to Enter Markets? Here’s What Experts Say
Given the global situation due to coronavirus, it is difficult to predict when the stock market crash will stop and it it will stop in the foreseeable future, experts have further said.