Business

Allowing the plea filed by the ministry, a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".

The rupee opened weak tracking negative cues from Asian currencies which have started weaker amid mounting tensions between the US and China.

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.

With regard to measures for NBFCs, it said the support is "far lower than the immediate liquidity requirements of those companies" and the sector will continue to pose risks to the banks.

After surging about 34% from a multi-year low hit in March, the S&P 500 has traded in a tight range this month as investors weighed hopes of an economic recovery and fears of another wave of infection as states lifted restrictions.

The miners claimed that the minister had only reiterated almost what the government had been saying since the past few months after the amendment of the MMDR Act.

Seamless composite exploration-cum-mining-cum-production regime will be introduced in mineral sector and 500 blocks will be auctioned, Finance Minister Nirmala Sitharaman said.

Premji added that the migrants who were 'fending for themselves' have 'almost no social security and too little — not too much — worker protection'.

The government’s decision to offer a Rs 75,000 crore package to the NBFC sector should be a welcome step, since it stresses on easing the sector’s liquidity concerns.

The mood was decidedly fragile, with five new virus cases in Wuhan - trade tensions and a tussle over negative US interest rates all part of the mix.

Rahul Bhatia, who owns the IndiGo holding through InterGlobe Enterprises Ltd., is reportedly strategising on how to capitalise on the bankrupt airline.

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.

She further said that state-owned banks implemented the moratorium announced by the RBI on repayment of loans.

ONGC was the top loser in the Sensex pack, slumping over 4 per cent, followed by NTPC, Kotak Bank, Titan, Bharti Airtel and PowerGrid.

It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China.

Analysts agree that Covid-19 pandemic will lead to an increase in bank's gross non-performing assets with some reports pegging the stock to double as well.