Business

Axis Bank was the top loser in the Sensex pack, cracking over 9 per cent, followed by IndusInd Bank, ICICI Bank, Titan, SBI, Maruti, HDFC and Asian Paints.

Union HRD Minister Ramesh Pokhriyal said he has advised the CBSE to conduct the Board examinations only for 29 main subjects required for promotion and crucial for admissions in higher educational institutions keeping in mind the ongoing coronavirus situa...

Post the merger, your account number and customer IDs change. Along with that, the average monthly balance requirement, service charges and fees might also change, which you will have to check with the new anchor bank.

With the promulgation of the Ordinance, the last date for filing income tax returns for 2018-19 as well as that for linking PAN with biometric ID Aadhaar has been extended by three months to June 30.

Exports during April-February this fiscal dipped by 1.5 per cent to USD 292.91 billion. Imports during the period declined by 7.30 per cent to USD 436 billion, leaving a trade deficit of USD 143.12 billion.

Around midday, Europe's main stock markets were up more than one percent on average. The dollar was higher, while the euro came under pressure from data showing inflation in the eurozone fell in March.

As part of measures to alleviate hardships faced by people, the Reserve Bank, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.

J&J began working on the vaccine under investigation in January using the same technology it had used to develop a candidate vaccine for Ebola.

Earlier in the day, the PBOC injected 50 billion yuan ($7 billion) into money markets through seven-day reverse repos, breaking a hiatus of 29 trading days with no fresh fund injections.

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.

The telecom operators have spoken in favour of raising mobile call and internet rates at the earliest, however, they will keep the prices stable during the lockdown period, COAI DG Rajan S Mathews told PTI.

Finance Minister Nirmala Sitharaman said she will talk to states and ensure that there are no restrictions in the movement of cash, bankers, vendors or bank mitra amid lockdown.

While announcing a number of measures in the policy review, the RBI refrained from giving its estimate on both growth and inflation, saying things are fluid and rapidly changing.

The RBI governor said the cut in reverse repo rate was done so that banks are 'incentivised to lend' and 'disincentivised to hoard money.'

The rupee which opened on a positive note at 75.90, gained further momentum and touched a high of 75.10 against the US dollar, registering a rise of 84 paise over its previous closing.

India's daily gas send-out to domestic customers has dropped significantly, which has in turn caused LNG storage tanks to fill to the brim, with buyers unable to accept any more cargoes, a source said.