The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
The benefit coming in from the Rs 1.45 lakh crore tax giveaways will also help companies to cut prices by up to 5 per cent to boost consumer demand, which has been sagging and is one of the prime reasons for the deepening slowdown.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
Finance Minister Nirmala Sitharama on Thursday stated the government is planning to provide a relief package of Rs 1.7 lakh crore to the underprivileged, poor and migrant workers affected by the lockdown amid the coronavirus outbreak. The scheme has been named the Pradhan Mantri Garib Kalyan Scheme.
The length of the main trunk pipeline is 1,385 km from Kakinada to Bharuch and 75 km is the length of the spur lines.
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
The interim dividend will help Narendra Modi-led government partly bridge the deficit its budget had developed after the announcement of a Rs 75,000 crore a year cash dole scheme for small farmers.
For fiscal 2019-20, the GST collection target has been budgeted at Rs 13.71 lakh crore.
Sayar Ahmad Sheikh was hit by a tear smoke shell while Yawar Bhat, died in security forces' action after protesters indulged in stone pelting.
In its biggest post-Budget day rally ever, the Sensex had soared 777 points on March 1, also its best single-day show in nearly seven years.
The wireless subscriber base has increased to 93.02 crore.
Joginder Tuteja looks at the big November hits in the past decade.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
Amidst a volatile trading session and fluctuating levels, benchmark indices ended marginally lower as sales by foreign institutional investors in index heavyweights capped upside gains.
The money is expected to be disbursed by the lenders consortium led by SBI after the Jet management submits an operational plan on how it intends to use the money till May 7.
NHAI to pay only Rs 175-200 cr as it takes over from concessionaire
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
Set to make a comeback next season after serving a two-year ban Chennai Super Kings and Rajasthan Royals might be allowed to retain players who played for Rising Pune Supergiants and Gujarat Lions in the last two years, going by a proposal floated by the Indian Premier League's Governing Council.
At the end of last quarter, Tata Sons held 144,34,51,698 total shares or 73.75 per cent stake in TCS, out of which 7,95,00,000 shares were pledged.
Insurance experts said since it may be difficult to set a tariff or fixed rates for Covid-19 treatment, an indicative rate chart has been proposed.
HDFC and ITC walk away with largest share of gains
The Indian Air Force will order 37 additional Pilatus trainer aircraft from Swiss manufacturer Pilatus Aircraft Company, over and above the 75 trainers the IAF has already contracted for Rs 2,900 crore. That will take to 112 the number of Pilatus PC-7 Mark II trainers on order from the IAF.
Rajneesh Gupta presents all the important numbers after the first week of IPL 2021.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
The sports ministry, on Thursday, received a hike of Rs 258.2 crore in the union budget for 2018-19, presented by finance minister Arun Jaitley in the Parliament in New Delhi.
The 30-share index ended higher by 481.16 points or 1.91 per cent at 25,626.75 -- its highest closing since January 1.
The 2013-14 Budget continues to focus on growth in predominantly primary sectors like agriculture, infrastructure and education. This growth will in turn support the growth in other sectors including the automobile industry.
The 2013-14 Budget continues to focus on growth in predominantly primary sectors like agriculture, infrastructure and education. This growth will in turn support the growth in other sectors including the automobile industry.
Among the 30-share basket, 27 stocks led by Bajaj Auto and Bharti Airtel ended with losses.
These are the highlights of the seventh bi-monthly monetary policy statement for 2019-20 by the RBI amid COVID-19 pandemic:
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
While Airtel's financial performance started improving from third quarter of 2013-14, the the drop in the total remuneration of Mittal has been mainly because of Rs 75 lakh (Rs 7.5 million) reduction in performance-linked incentive, as per the latest Annual Report of the company.
... if high oil prices persist or stock prices correct sharply.
Overall, in the last five straight sessions, the index has lost nearly 1,129 points.
Consolidated revenue rose to a record Rs 163,854 crore.
The total market capitalisation of BSE-listed companies had gained Rs 26.79 lakh crore to Rs 1,21,54,525 crore during 2016-17 fiscal.
While Tata Consultancy Services, HUL, ITC and Infosys saw a rise in their market capitalisation (m-cap) for the week ended Friday, RIL, HDFC Bank, HDFC, Maruti Suzuki India, SBI and Kotak Mahindra Bank suffered losses.
The government's subsidy bill on food, fertiliser and petroleum, among others, will fall by about Rs 18,000 crore (Rs 180 billion) at Rs 1,11,275 crore (Rs 1112.75 billion) this fiscal, mainly due to sharp reduction in the urea dole outs.
