MUMBAI: The benchmark BSE Sensex regained the 27,000 mark by climbing over 200 points in early trade on Thursday, extending its winning streak to the fifth straight day. This came on the back of continued buying by participants amid a mixed trend in global markets after the US Fed kept its near-zero benchmark interest rate … Read more
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
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
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
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
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
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
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday decided to keep key lending rates unchanged for the fifth consecutive time in its April policy review meeting. The six-member monetary policy committee (MPC), headed by governor Shaktikanta Das, retained repo rate at 4 per cent and reverse repo rate at 3.35 per cent, while … Read more