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SHANGHAI: China’s blue-chip index inched up on Monday, as industrial firms posted profit growth for a fourth straight month in August, pointing to a continued recovery in the world’s second-largest economy from the coronavirus crisis. The blue-chip CSI300 index rose 0.3%, to 4,581.91, while the Shanghai Composite Index slipped 0.1% to 3,217.53. Profits at China’s […]
Likhitha Infrastructure has set the price band of its initial public offering (IPO) at ₹117-₹120 per share. The IPO consisting of a fresh issue of up to 51,00,000 equity shares, representing 25.86% of the post-issue shareholding, is expected to raise up to ₹61.2 crore. Issue will be open from September 29 to October 1. The […]
As per the Reserve Bank of India (RBI), after the expiry on August 31, 2020, of the general loan moratorium offered to a bank’s borrowers, the banks were required to offer further restructuring options for these loans to borrowers and set out their own terms and conditions for the same. Following this, HDFC Bank has […]
NEW DELHI: Shares of Reliance Industries rose 1 per cent in Monday’s trade after the company said it has received Rs 7,500 crore from US private equity firm Silver Lake Partners for 1.75 per cent stake in its retail arm Reliance Retail Ventures Ltd (RRVL). The company had on September 9 announced that Silver Lake […]
Labour Minister Santosh Gangwar said in a written reply to the Rajya Sabha that the withdrawals also include COVID-19 claims As many as 38,71,664 employees provident fund (EPF) withdrawal claims worth ₹44,054.72 crore were settled since March 25, Parliament was informed on Monday. The government had imposed the nationwide lockdown on March 25, 2020, to […]
The coronavirus pandemic has hit just about everyone in some way or the other. People have suffered pay cuts, many have been furloughed and countless more left unemployed. This has happened because the bottom lines of many companies have taken a beating since March of this year. Due to this household incomes have been thrown […]
Gold steadied on Monday as the dollar rally took a pause, while traders were on sidelines as political uncertainty built ahead of the first presidential election debate between U.S. President Donald Trump and his Democratic rival Joe Biden this week. FUNDAMENTALS Spot gold was little changed at $1,860.19 per ounce by 0107 GMT. U.S. gold […]
Reliance Industries was the top gainer in the Sensex pack. Equity benchmark Sensex surged over 300 points in early trade on Wednesday, tracking gains in index-heavyweights Reliance Industries, Infosys and HDFC twins amid positive domestic and global cues. The 30-share index was trading 324.27 points or 0.86% higher at 38,058.35, and the NSE Nifty rose […]