These are the highlights of the seventh bi-monthly monetary policy statement for 2019-20 by the RBI amid COVID-19 pandemic:
A summary of Thursday's matches in the Vijay Hazare Trophy limited-overs' tournament.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
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.
Car market leader Maruti Suzuki India on Monday reported 24.1 per cent increase in net profit for the quarter ended December 31, 2007, at Rs 467 crore (Rs 4.67 billion).
Ace investor Rakesh Jhunjhunwala on Thursday picked up one crore shares of Edelweiss Financial Services for an estimated Rs 55 crore through the open market route.
There are 1.9 million employees and 650,000 pensioners in Maharashtra.
About Rs 8.33 crore cash has been seized from Delhi, Rs 2.5 from Bengaluru and Rs 60 lakh from Mysuru till now, a senior official said.
A large number of farmers stayed put outside the gates of the district headquarters in Karnal on Wednesday as they remained firm on their demand for action against IAS officer Ayush Sinha, who ordered a police lathi-charge on a group of peasants last month.
At end of week, Infosys had a market valuation of Rs 2,69,489 cr, or Rs 432.68 cr more than HDFC Bank's Rs 2,69,056 cr
'But for the change in the method of accounting... the loss for the quarter ended September 30, 2008 would have been more by Rs 129.5 crore (Rs 1.29 billion) and for the half-year ended on that date would have been more by Rs 744.23 crore (Rs 7.44 billion),' chartered accountant B K Ramadhyani & Company said in their report to the board of directors of Kingfisher Airlines.
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
Analysts said the positive trend will continue in the coming periods.
According to a commerce and industry ministry statement, the growth rate for these eight key sectors for April 2019 has been revised upward to 6.3 per cent from 2.6 per cent reported earlier mainly due to upward revisions in production of coal, crude oil, steel, cement and electricity.
Only 14 routes of the 202 on which the airline operates, meet the total cost of operations.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
Carrier International Mauritius Ltd and Global Investment Ltd are looking to buy over 45 lakh shares in domestic IT services firm Infotech Enterprises, for nearly Rs 162 crore (Rs1.62 billion).
A round-up of Ranji Trophy matches played on Monday.
The empowered group of ministers (EGoM) on telecom headed by Finance Minister P Chidambaram on Monday decided to impose a one-time fee on incumbent operators prospectively for spectrum beyond 4.4 MHz in GSM and 2.5 MHz in CDMA.
Valuation of TCS, ITC declines in the week
Income-tax data released by FinMin after 15 years
ICICI Ventures and Baring Private Equity Asia have picked up around 20 per cent stake in Hyderabad-based Karvy Stock Broking, a leading financial services enterprise, for around Rs 440 crore (Rs 4.4 billion). The acquisition of stake, which adds to the string of big deals in the Indian stock broking industry this year, values the company at Rs 1,760 crore (Rs 17.60 billion), said sources close to the development.
"Post demonetisation, during November 9, 2016, to January 10, 2017, more than 1,100 searches and surveys were conducted and more than 5,100 notices were issued by the income tax department for verification of suspicious high-value cash deposits," Finance Minister Arun Jaitley said in a written reply in the Lok Sabha on Friday.
In the last year Budget too, the Government targetted to raise Rs. 40,000 crore through disinvestment in the current fiscal.
The government on Monday sought Parliament approval for gross additional expenditure of Rs 44,945 crore in the current financial year. Of this, the net cash outgo will be Rs 19,812 crore, while the rest will be met by savings of the ministries or enhanced receipts. A significant part of this additional grant would be spent on food and fertiliser subsidy.
TCS emerged as the biggest gainer among the top-10 firms
Telecom major Bharti Airtel's net profit fell for the tenth quarter in a row, declining 37 per cent to Rs 762.2 crore for the quarter ended June 30, 2012.
The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite.
For the October-December quarter, Kingfisher reported a net loss of Rs 822.42 crore (Rs 8.22 billion).
Real estate firm Unitech Ltd will invest Rs 1,800 crore (Rs 18 billion) in the next 4-5 years, to develop an exclusive residential project at Greater Noida.
Australia battled hard against some accurate England bowling on Thursday to reach 142 for one at tea in their first innings on the second day of the first Ashes Test.
Bangalore-based MindTree Consulting is floating an Initial Public Offering of 5.6 million equity shares of Rs 10 each to raise anywhere between Rs 200-240 crore
Last year, the government had borrowed Rs 4.37 lakh crore.
Indian Overseas Bank will hit the capital market on September 5 with its Rs 240 crore (Rs 2.4 billion) public offer priced at Rs 24 per share, its chairman S C Gupta said in New Delhi on Friday.
Reliance Industries emerges biggest gainer
Karnataka energy minister Shivkumar was in-charge of hospitality for all Congress Gujarat MLAs.
As many as 379 cases of central excise duty evasion were registered in 2013-14.
Minister for Water Resources Ajit Pawar informed the House that the government had appointed a Pune-based private firm for the project.
Only TCS, Sun Pharma and HDFC notched up gains in their m-cap
