Sun, Nov 26, 2023
The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.
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The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040.
Sat, Nov 25, 2023
Germany's economy shrank in recent months and business confidence is still in the dumps, according to figures, while the government is struggling to overcome a budget crisis that threatens to exacerbate problems in what was already the world's worst-performing major developed economy.
Fri, Mar 27, 2020
RBI governor Shaktikanta Das announced a slew of measures on Friday morning, including a massive cut in repo rates.
The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak. The Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.
The positive coronavirus cases in India jumped to 724 on Friday. A total of 66 people have been cured of the disease. So far, 17 people have lost their lives due to the virus, according to data from the health ministry.
The Reserve Bank of India on Friday cut the repo rate by 75 basis points, in the wake of extraordinary circumstances created by coronavirus outbreak
Thu, Mar 26, 2020
Finance Minister Nirmala Sitharaman on Thursday afternoon announced a massive relief package for people amid the nationwide lockdown.
Wed, Mar 25, 2020
The 2008 financial crisis was primarily US driven and the current Coronavirus crisis is different and more serious, Samir Arora of Helios Capital told Zee Business Managing Editor Anil Singhvi
Tue, Mar 24, 2020
The Finance Ministry on Tuesday announced the extension of the deadline for filing returns of goods and services tax (GST) for March, April and May 2020 till June 30.
Amid negative impacts of coronavirus spread on stock markets, JM Financial Services’ Ashu Madan believes that a cooling period should be announced and both Sensex and Nifty should be closed for the next few days.
The government has take several applaudable steps to deal with the coronavirus crisis but not enough has been done to lift the economy, believes market expert Ajay Bagga.
Mon, Mar 23, 2020
The world is facing an unprecedented situation - double whammy of a medical and financial crisis at the same time, but if the medical crisis is dealt with, the financial situation will improve itself, Kotak AMC’s MD Nilesh Shah told Zee Business TV on Monday.
Fri, Mar 20, 2020
"Lots of people dependent on taxi service are facing the impact because people are not at present using taxis. So, these are the sectors that will require immediate support. Even footfalls at retail shops and movie theatres have come down. These are the places where financial support is required from the government," he said.
Thu, Mar 19, 2020
Prime Minister’s Employment Generation Programme (PMEGP): Implemented by MSME ministry, PMEGP is a credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector
Wed, Mar 18, 2020
The SBI Ecowrap report said: "The monetary stance may be eased temporarily through a rate cut by the RBI to accommodate the possible surge in liquidity demand and shock-related price increases.
Tue, Mar 17, 2020
"Companies' ability to withstand the effects of the virus will depend on its duration, and we caution that as events unfold very rapidly on a daily basis, our assessment of exposure will change over time," another Vice President - Senior Credit Officer - at Moody's Richard Morawetz said.
Fri, Mar 13, 2020
Coronavirus impact: State governments went into action mode on Friday as coronavirus cases increased in India and the first death was reported because of the outbreak on Thursday night. The stocks markets also went into a tizzy early morning before recovering later in the day.
After domestic markets witnessed a steep decline, followed by a surprising recovery, the chief economic advisor (CEA) Krishnamurthy Subramanian explained why they had crashed.
The Coronavirus outbreak has sent the global markets into a frenzy with a sharp decline on Friday. The Indian markets, however, recovered from the initial decline to enter the green zone.
Wed, Mar 11, 2020
SBI believes that the combination of a larger rate cut and/or indirect tax rate cut could be the policy options with financial markets in an unprecedented global meltdown.
Among the measures, Zee Business Managing Editor Anil Singhvi recommends a policy rate cut and lowering of personal income tax to revive consumption
Tue, Mar 03, 2020
In a major development, Indian Railway Finance Corporation (IRFC) has got markets regulator Sebi's approval for its initial public offer (IPO).
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