Exports, imports showing positive trends, says Goyal
Trade deficit is reducing drastically and India’s share in global trade is improving due to resilient supply chains, the Minister said. – The Hindu – Economy
Month: September 2020
Aatmanirbhar shipping | Government asks major ports to use only locally built tug boats
Shipping Minister Mansukh Mandaviya termed it as a step towards ‘Aatmanirbhar shipping’ under the ‘Aatmanirbhar Bharat’ drive. – The Hindu – Industry
Exports, imports showing positive trends, says Goyal
Trade deficit is reducing drastically and India’s share in global trade is improving due to resilient supply chains, the Minister said. – The Hindu – Economy
Spot Gold Rises As Equities Retreat; US Jobs Data In Focus
Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. – NDTV Profit – Latest
Global Stocks Ease Off Record Highs Ahead Of US Jobs Data
Foreign exchange markets were on edge at the possibility and a safety bid helped the dollar cling to gains that have it headed for its best week in more than … Read More
IT stocks could see re-rating as digital businesses see high growth
Edelweiss Securities in a note said that Indian IT services companies too would see a hike in earnings growth which would lead them to trade higher than their currently discounted … Read More
Depositories, Clearing Corps expect new margin pledge process to stabilize in a week
Under the new framework , stock brokers will have to collect margins from investors upfront for any purchase or sale of shares and failure to do so will attract penalties. … Read More
Moody’s downgrades four state-owned banks
It cut the creditworthiness of four lenders including Bank of Baroda, Bank of India, Canara Bank and Union Bank of India further down to B1, one notch lower in the … Read More
Moody’s cuts ratings of four state-run lenders, says outlook negative
The ratings agency said the BCA downgrades take into consideration rising risks to the banks’ asset quality as a result of the severe economic contraction, which will result in an … Read More
Rs 2.23 lakh crore wiped off! Sensex crashes 634 points on global selloff; Nifty ends at 11,334
The tech-heavy Nasdaq plunged 5 per cent overnight and the S&P 500 dropped 3.5 per cent. Those were the steepest Wall Street losses since June. – Stocks-Markets-Economic Times