Business

The analysts at Bank of America (BofA) and Nomura maintained their earlier GDP estimates suggesting a contraction of 0.1 per cent and 5 per cent, respectively, for FY21 even after the announcement of the Rs 20 lakh crore economic package.

The actual Cost to Government in the Atma Nirbhar package in the form of subsidy or cash outflow is just Rs 3,20,902 crore.

In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed.

Many analysts and political leaders have expressed dismay over inclusion of monetary interventions in the stimulus package.

Booking for reservation in trains that will begin on May 12 will start at 4pm on May 11 and will be available only on the IRCTC website.

Confederation of Indian Industry said a substantive stimulus is required from the government in the form of support to the poor and to the industry.

Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutiona...

ITC was the top loser in the Sensex pack, tanking nearly 6 per cent, followed by Axis Bank, Titan, Bajaj Auto, Maruti, M&M, L&T and IndusInd Bank.

Sectoral meetings, held separately in two sessions through video conference, were also attended by Deputy Governors and other senior officers of RBI.

It is now, more than ever, that investors need credible and timely information that will allow them to take decisions in the midst of extraordinary uncertainty.

The greenback weakening overseas and optimism over a COVID-19 drug trial in the US further supported the local unit, forex traders said.

HDFC was the top gainer in the Sensex pack, rallying nearly 5 per cent, followed by Bajaj Finance, HDFC Bank, Tech Mahindra, M&M, Reliance Industries and NTPC.

The report further said that the sugar mills are unable to fulfill their monthly sales quota allocated by the government owing to demand squeeze.

India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide.

The central government has frozen the inflation-linked allowance for its employees and pensioners, a move that will help it save around Rs 37,000 crore.

Reliance Jio has proclaimed its vision of not only being a telecom player, but evolving as an end-to-end digital company catering to mass market in India, and being the biggest player in India’s digital economy.