ECONOMY

COVID to erode 3 years of fiscal consolidation gains of States: RBI

The additional outgo to combat the impact of COVID-19 will significantly erode the fiscal consolidation achieved by the State governments in the past three...

Engineering exporters worried over fresh wave of COVID-19 cases in Europe

A resurgence in COVID-19 infections in Europe is a cause of worry for India’s engineering exporters; and could potentially impact their performance this fiscal...

Sensex rallies 377 points; Kotak Bank zooms 12%

Equity benchmark Sensex rallied 377 points on Tuesday, tracking massive buying in Kotak Mahindra Bank after the lender posted strong quarterly earnings. The...

Govt. to seek Parliament nod for ₹37,000-crore spending on infra development

The demand will be made through the second supplementary demands for grants. The government will seek Parliament’s approval for ₹37,000-crore additional spending on infrastructure development...

‘Interest-on-interest waiver to cost exchequer ₹7,500 crore’

More than 40% of system credit and 75% of borrowers stand to benefit from interest-on-interest concession announced by the government, an analysis by Crisil...

Sensex plunges 540 points; Reliance Industries tanks 4%

After tanking 737 points during the day, the 30-share BSE index recovered some lost ground to end 540 points or 1.33 % lower at...

Loan moratorium | Centre informs Supreme Court it will repay additional interest by November 5

All lending institutions will credit the difference between compound interest and simple interest on loans to eligible borrowers for the period between March 1...

Amazon wins interim relief; Future-Reliance deal put on hold

Amazon believes Future Group violated the contract by entering into a deal with rival Reliance. Amazon on October 25 won an interim award against its...

Sensex jumps over 200 points in early trade; Nifty tops 11,950

Tata Steel was the top gainer in the Sensex pack. Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains...

Coronavirus | RBI Governor Shaktikanta Das tests positive for COVID-19

Mr. Das says he is asymptomatic and will continue to work from isolation. Reserve Bank of India Governor Shaktikanta Das on October 25 said...

DGCA approves 12,983 weekly domestic flights in winter schedule

It has approved 6,006 weekly domestic flights of IndiGo, SpiceJet and GoAir have got 1,957 weekly domestic flights and 1,203 weekly domestic flights approved ...

IL&FS debt resolution misses target

Firm rolls over ₹7,300-cr. shortfall to coming quarters, says COVID-19 added to logistical complexities Infrastructure Leasing & Financial Services (IL&FS) Ltd. on Saturday reported a...

Deadline for filing I-T returns extended till December 31

The CBDT said the deadlines have been extended in order to “provide more time to taxpayers for furnishing of Income Tax Returns”. The government...

Franklin Templeton cannot wind up six mutual fund schemes without securing unit holders’ consent: HC

However, it stays operation of the verdict to enable company to approach apex court The High Court of Karnataka on Saturday said that the Franklin...

Rupee ends 7 paise lower against US dollar

During the session, the local unit witnessed an intra-day high of 73.46 and a low of 73.67 against the US dollar. The rupee depreciated...
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