Business
Shares of Restaurant Chain Barbeque-Nation Falls 2 Percent in Debut Trade
Shares of Barbeque-Nation Hospitality fell 2% in their market debut on Wednesday, after the casual dining restaurant chain raised about 4.53 billion rupees ($61.62 million) through an initial public offering (IPO). The trading debut comes as a resurgence in coronavirus infections in India threatens to derail a nascent recovery...
Sensex Rallies 460 Points, Nifty Reclaims 14,800 As RBI Keeps Repo Rates Unchanged
Equity benchmark Sensex rallied 460 points on Wednesday after the RBI expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases. The 30-share BSE index jumped 460.37 points or 0.94 per cent to...
To Boost Domestic Production, Govt OKs Rs 6,238 Crore PLI Scheme for Air-conditioners, LED Lights
The government on Wednesday approved a production linked incentive (PLI) scheme for white goods – Air Conditioners and LED Lights – with a budgetary outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, chaired by Prime Minister Narendra Modi. Commerce and Industry Minister Piyush...
US Trade Deficit Jumps 4.8% to $71.1 Billion in February
The US trade deficit grew to $71.1 billion in February, as a decline in exports more than offset a slight dip in imports. The February gap between what America buys from abroad compared to what it sells abroad jumped 4.8 per cent the revised January deficit of $67.8 billion,...
Covid-19 Pandemic Leaving Behind Complex Legacies That Will Need to Be Tackled: IMF Official
The Covid-19 pandemic is leaving behind complex legacies that will need to be tackled, a top IMF official said on Wednesday, as he underlined the need for policies that must remain agile and respond flexibly as the situation may require. The pandemic has affected almost every country in the...
Education, Financial Sectors Should be Focus Areas for Revenue Expenditure: Gita Gopinath
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. The Washington-based global financial institution, in its annual World Economic Outlook ahead...
Recovery is Underway After Worst Global Recession Since World War II: IMF MD
IMF A day after the International Monetary Fund forecast a global growth of six per cent for this year, IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway. The outlook, she asserted, is brighter because millions...
Top Stocks for Investors on April 8
The stock market on Wednesday, April 7, gave a positive ending after the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 percent in its monetary policy announcement. The indices on Thursday, April 8, are expected to give a higher opening as the SGX Nifty was...
Petrol, Diesel Prices Remain Unchanged for 9th Day; Check Today’s Rates in Metro Cities
A worker holds a nozzle to pump petrol into a vehicle at a fuel station. (File photo/Reuters) Petrol price in the national capital stands at Rs 90.56 per litre, Rs 90.77 in Kolkata, Rs 92.58 in Chennai, while its highest in Mumbai among metros at Rs 96.98. Petrol and...
Rate Rises by Rs 10 Per Gram, Silver Too Gains Marginally
The gold rates on Thursday, April 8, increased by Rs 10 as the price of one gram of 22-carat gold stood at Rs 4,430 from Rs 4,420 on the previous day. The price of 10 grams of 22-carat-gold jumped by Rs 100 to stand at Rs 44,300 from the...
