Business

The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'.

After surging 1,167 points during the day, the 30-share index settled 997.46 points or 3.05 per cent higher at 33,717.62. It hit an intra-day high of 33,887.25.

The surge came after market sentiments improved as more countries are announcing the gradual lifting of lockdowns that have been imposed to contain coronavirus infection.

Oil prices were declining even before the pandemic hit as producers flooded the market with more oil than the world could use.

For RIL, the large user base of WhatsApp could accelerate the adoption of the JioMart app besides it would leverage Facebook's experience to monetize data through advertising.

IndusInd Bank was the top gainer in the Sensex pack, rallying over 6 per cent, ahead of its earnings announcement.

Franklin Templeton India President Sanjay Sapre added that the firm witnessed considerably reduced liquidity in the bond markets in the period between March and April.

In perhaps the most far-reaching easing of rules, the government has simplified procedures for oil and gas exploration and production by providing for self certification for a host of compliance, such as a discovery notification and deemed consent for inv...

Prices hit a more than one-week high of $1,738.58 on Thursday, bolstered by hopes of more stimulus from the United States.

The NSE Nifty 50 index fell 1.53% to 9,166.20 by 0356 GMT, while the benchmark S&P BSE Sensex was down 1.59% at 31,359.96.

India's decision to tighten norms for FDI came amid reports of China eyeing to take over several Indian entities following fall in their valuation due to economic downturn in the wake of the pandemic.

Around 90 per cent of COVID-19 non-refundable advance claims were settled within 3 days, as per a Labour Ministry statement.

The cabinet reiterated that the kingdom is constantly working to achieve stability in the oil market, reaffirming a commitment along with Russia to implement agreed output cuts over the next two years.

In a video message for an estimated 14 lakh workers as also over 9 crore customers and investors, Roy said battling coronavirus is not just the responsibility of the government, but every Indian has an equal responsibility to defeat the pandemic.

At the interbank foreign exchange, the rupee opened at 76.59 and then gained further ground to touch a high of 76.35 against the US dollar.

The RBI cut its reverse repo rate by 25 basis points (bps) to 3.75% with immediate effect and said it will conduct targeted repo operations for an amount of Rs 50,000 crore, to begin with, in tranches of appropriate sizes.