Eight core industries’ output contracts 9.6% in July
Barring fertiliser, all seven sectors – coal, crude oil, natural gas, refinery products, steel, cement and electricity – recorded negative growth in July – The Hindu – Industry
Month: August 2020
RBI Announces More Liquidity Operations Worth Rs 20,000 Crore
RBI has also announced the infusion of Rs 1 lakh crore in mid-September through long-term repo operations (LTROs) at floating rates – NDTV Profit – Latest
Sensex Crashes 839 Points As Tensions Escalate Between India And China
In a major flare-up in Ladakh, Chinese troops “carried out provocative military movements to change the status quo” near Pangong Tso lake. – NDTV Profit – Latest
Core Sector Production Contracted 9.6% In July
The data on the eight sectors comes at a time when the government is gradually easing restrictions that were imposed to curb the spread of Covid-19. – NDTV Profit … Read More
Sensex, Nifty Halt 6-Day Winning Run Ahead Of GDP Data
Official data on the country’s gross domestic product (GDP) will be released at 5:30 pm today. – NDTV Profit – Latest
Rupee Weakens By 22 Paise To End At 73.62 Vs Dollar Ahead Of GDP Data
Currently, the rupee has taken its recovery from an all-time low of 76.91, registered in April, to 4.28 per cent. – NDTV Profit – Latest
SRF board approves fund raising of up to Rs 1,000 crore
Last month, SRF Ltd had said its board okayed setting up an additional chloromethane facility at Dahej in Gujarat at a cost of Rs 315 crore. – Stocks-Markets-Economic Times
Five companies garner Rs 882 crore via NCDs in April-July
The funds have been mopped up to strengthen balance sheets, which might have been impacted due to the coronavirus pandemic, retire existing debt and to support working capital requirements, market … Read More
Confusion reigns over Sebi margin rule 1.0: There is Version 2.0 too
The tweaks in margin rule for derivative trading will come into force from December 1. Under these rules, traders will be forced to progressively go towards keeping full margin based … Read More
Sensex, Nifty Tumble Ahead Of GDP Data
At 1:56 pm, the Sensex traded at 38,857.78, down 609.53 points – or 1.54 per cent – from its previous close, while the Nifty was down 203.45 points – or … Read More