Petrol, diesel prices remain unchanged for 11th straight day – Times of India

NEW DELHI: Fuel prices in the country remained unchanged on Saturday with oil marketing companies continuing on the pause mode and keeping petrol and diesel prices static for 11th consecutive day. Accordingly, pump price of petrol and diesel remained at previous days level of Rs 90.56 and Rs 80.87 a litre, respectively, in the capital. … Read more

IL&FS sells environment business; to pare Rs 1,200 crore of debt – Times of India

MUMBAI: Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Wednesday said it has sold its entire stake in IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to EverEnviro Resource Management Private (EverEnviro). This sale will reduce IL&FS’s overall debt by Rs 1,200 crore, which is the combined debt of entities under the group’s environment … Read more

Rupee suffers worst one-day fall in 20 months, crashes 105 paise against dollar – Times of India

MUMBAI: The Indian rupee nosedived 105 paise to mark its biggest single-session drop in over 20 months against the US currency on Wednesday amid concerns over surging Covid-19 cases in the country. At the interbank foreign exchange, the Indian currency settled at 74.47 to the US dollar – marking its lowest level since November 13 … Read more

sensex today: Sensex rises 460 points as RBI holds rates; Nifty settles at 14,819 – Times of India

NEW DELHI: Equity indices rose on Wednesday after the Reserve Bank of India (RBI) kept key interest rates unchanged, as widely expected, to support the economy against the backdrop of a second surge in Covid-19 cases. The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained an accommodative policy stance … Read more

Oyo news: Founder Ritesh Agarwal denies reports of Oyo filing for bankruptcy | India Business News – Times of India

NEW DELHI: Oyo founder Ritesh Agarwal on Wednesday denied reports of the company filing for bankruptcy. In a tweet, Agarwal said: “There is a PDF and text message circulating that claims Oyo has filed for bankruptcy. This is absolutely untrue and inaccurate.” There is a PDF and text message circulating that claims OYO has filed … Read more

Service sector activities ease in March on Covid woes: Survey – Times of India

NEW DELHI: India’s services sector activities eased in March as growth was hit by the detrimental impact of the coronavirus pandemic and input costs remained elevated, a monthly survey said on Wednesday. The seasonally-adjusted India Services Business Activity Index fell from 55.3 in February to 54.6 in March. Though the rates of expansion softened, it … Read more