Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low relative to countries with similar economic impacts from the pandemic. "The COVID-19 outbreak in India and two months of lockdown -- longer in some areas -- have led to a sudden stop in the economy. That means growth will contract sharply this fiscal year (April 2020 to March 2021)," it said. "Economic activity will face ongoing disruption over the next year as the country transitions to a post-COVID-19 world."
The seventh seeds overcame the Czech pair of Lukas Dlouhy and Pavel Vizner 7-5, 6-3
Sukanya Verma tells us just what makes Mirch Masala a must watch.
The growth in the PV segment was primarily led by car market leader, Maruti Suzuki India, which saw its dispatches to dealers grow 4.4 per cent YoY to 144,277 units after 10 months of drop. It was driven by new launches, such as the S-Presso, a mini sport UV.
The tri-series in Australia, India's final ODI engagement before the World Cup, gets underway on January 16, says Chandresh Narayanan, casting a fascinating look at the survivors from earlier World Cups.
Former Australia batsman Darren Lehmann was on Thursday named the new coach of Kings XI Punjab for the sixth edition of the Indian Premier League.
Businessman P C Mustafa wants Indian Americans to return home, Cognizant CEO Francisco D'Souza outlines how Indian tech companies could grow, Gaurav Dalmia has some investment recommendations while Subramanian Swamy warns that India is flirting with a debt trap.
This move was triggered by a whistleblower complaint sent to Sebi against senior management interference in ensuring good ratings specifically in IL&FS and its subsidiaries.
Having missed the first two weeks of the Indian Premier League (IPL) due to a fracture on his hand, Sunrisers Hyderabad batsman Shikhar Dhawan is hoping to return to action "very soon" and is awaiting a clearance from the NCA.
The announcement by Standard & Poor's (S&P) on Wednesday to cut its outlook for India from stable to negative should cause no surprise, even though it comes barely five days after a similar exercise by Moody's, which had retained its outlook on India as stable.
India's growth outlook has weakened sharply this year, with a crunch that started with the non-banking finance institutions spreading to retail businesses, car-makers, home sales and heavy industries.
Rural slowdown may delay growth in the economy.
The economic activities that registered growth of over 6 per cent in the second quarter are manufacturing, electricity, gas, water supply, other utility services and trade, hotels, transport and communication, and services related to broadcasting.
India this year will emerge as the world's seventh largest economy, up from the 12 th position in 2008.
The downgrade threat comes in the backdrop of growth slowing to a nine-year low of 5.3% in the fourth quarter of 2011-12, high inflation
Meet Bhumika Arora, 29, who made the cut!
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
Besides Shastri, Rahul Dravid has been appointed as the team's overseas batting consultant and Zaheer Khan as the bowling coach by the three-man CAC team.
India's Test skipper Virat Kohli on Thursday welcomed new head coach Anil Kumble into the team saying he is looking forward towards work with the legendary leg-spinner.
Sukanya Verma presents a playlist of 100 Lata Mangeshkar songs from different decades of Hindi films -- songs that make me sing, smile, sob and sigh.
'The prime minister's announcement of a nation-wide shutdown was eloquent, but should have been more clearly phrased to avoid police overreach.' 'Migrant labour should have been allowed adequate notice and transport options to get home,' notes Rahul Jacob.
132 Tests. 271 ODIs. 619 Test wickets. 337 ODI wickets.
Modi said a separate rating agency would help the economies of the member countries as well as other developing nations.
Marking a breakthrough in the protracted talks in the French Rafale jet deal, Prime Minister Narendra Modi announced on Friday that India will purchase 36 of these fighter planes that are ready to fly, citing critical operational requirement of the Indian Air Force.
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
Remembering an incomparable actor by re-visiting his finest films.
The Board of Control for Cricke in India decided to invite more applications for the post of Indian team's coach to give Cricket Advisory Committee (CAC) a wide range of options to pick a suitable candidate.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Government asks banks to furnish capital, ratings and NPA details.
India's Team manager, Kapil Malhotra, for the Champions Trophy, has made a startling revelation.
India's stand at the FATF plenary and other related discussions have always been consistent regarding Pakistan.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The overall breadth was extremely positive as 1,714 stocks advanced while 1,008 stocks declined
A glance back at some of the important ups and down Indian Inc faced in 2018.
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