Business
Sitharaman Announces Hike in FDI Limits for Defence Production, Ban on Certain Imports of Weapons
Items banned for imports can only be purchased from within the country, she said presenting the fourth tranche of the economic stimulus package.
Reliance Industries' Rs 53,125-crore Right Issue to Open on May 20, Close on June 3
Reliance had earlier fixed May 14 as the record date for determining shareholders' eligible to apply for the issue.
Gilead to End Coronavirus Drug Trials, Adding to Access Worry: Researchers
Preliminary results from a trial conducted by the US National Institutes of Health showed that Remdesivir cut hospital stays by 31% compared to a placebo.
Bandhan Bank Expects Recovery to Start from Second Quarter of FY21
Bandhan Bank, which transformed into a full-fledged lender from an MFI, plans to pare micro-credit exposure over the next three to five years from 61 per cent at present.
US Wholesale Prices Drop Record 1.3% in April, Led by Plunge in Cost of Energy
While falling energy prices have accelerated, it was the third consecutive month of declines, illustrating that the global economy was already slowing before the arrival of the coronavirus.
2020-21 Fiscal Deficit Likely at 5.8% and 0.5% Growth Expected: Report
Even though a wider fiscal deficit raises concerns on macroeconomic stability, many experts have backed the move to spend more.
IRCTC Shares Climb 5% as Select Passenger Train Services to Resume from Tomorrow
Booking for reservation in trains that will begin on May 12 will start at 4pm on May 11 and will be available only on the IRCTC website.
Second Instalment of Sovereign Gold Bond Opens Today, Issue Cost Set at Rs 4,590 Per Gram
The sovereign gold bond scheme was brought into force in October 2015 and has been considered to be a safe bet during economic turmoil. Amid the ongoing coronavirus health crisis, investors are looking keen on SGBs yet again.
Here's All You Need to Know About Sovereign Gold Bond Scheme Opening on Monday
While the first instalment of the SGB 2020-21 series was open for subscription from April 20 to 24, the current issue will be open from May 11 to May 15.
India's Services Activity Collapses as Coronavirus Paralyses Global Economy: PMI
The grim result for the industry, the engine of economic growth and jobs, underlined the pandemic's sweeping impact across India as authorities extended a nationwide lockdown.
As Moneycontrol Pro Turns 1, a Note to Readers from the Research Team
A recap, some gratitude and our continuing promise of quality.
RBI Governor Meets Bank Chiefs, Reviews Execution of Measures Aimed at Reducing Financial Stress
In his opening remarks, the governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.
Tata Steel Announces Plans Aimed at Creating World's First Zero Carbon Industrial Cluster in UK
Phase one of the Tata Steel's European business project will create a plan for a series of local zero-carbon areas, create skilled jobs and enhance well-being across South Wales.
Covid-19: AP Govt to Clear All Industrial Incentives, Waive Power Charge for 3 Months to Boost MSMEs
The state government has also decided to provide working capital loans to MSMEs at lower interest rates. A fund to the tune of Rs 200 crore would be created to lend loans between Rs 2-10 lakh.
Non-subsidised Cooking Gas Price Cut by a Record Rs 162.50 per Cylinder
The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.
Bank Holidays in May 2020: Check Full List Here
With the lockdown in place, many banks have limited their working hours. Every second and fourth Saturday is also a bank holiday.