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Business / News18

Economically Sound, But Govt Decision to Slash Rates on Small Savings Upsets Many Amid Covid-19

As COVID-19 wreaks havoc on the world economy and India tries to mitigate the impact, it is clear that all classes of citizens the salaried, big and small businesses, women and senior citizens may have to face tough times.

4 Apr 2020 9:45 am
UPI Payments System Records 1.25 Billion Transactions in March Despite National Lockdown

The number of transactions was, however, 6% lower when compared with the previous month. In February 2020, UPI had seen 1.33 billion transactions worth Rs 2.22 trillion.

3 Apr 2020 12:34 pm
Jindal Steel Shares Down 5% Even as Companys Steel Business Hits New High in FY20

Jindal Steel and Power informed exchanges that the company has reported its highest domestic and overseas steel and related products production and sales during FY20.

3 Apr 2020 12:26 pm
ADB Says Coronavirus Might Halve GDP Growth in Developing Asia

The Asian Development Bank said its baseline forecast called for growth in developing Asia, a group of 45 economies that includes China and India, to slow to 2.2% in 2020 from a previous forecast of 5.2%, matching last year.

3 Apr 2020 11:39 am
Rupee Slips 48 Paise to 76.08 Against Dollar in Early Trade Amid Coronavirus Fears

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.

3 Apr 2020 11:24 am
Under Pradhan Mantri Jan Dhan Yojana, Women Account Holders to Receive Rs 500 Per Month from Today

The move comes after Finance Minister Nirmala Sitharaman announced that women Jan Dhan account holders would get Rs 500 for three months as part of the coronavirus relief package.

3 Apr 2020 11:05 am
Indian Rupee Will Stay Weak Against Dollar Until Coronavirus Pandemic Subsides: Poll

After giving up over 7% since the start of the year, the rupee fell to a record low of 76.42 to the dollar on Wednesday.

3 Apr 2020 8:59 am
Oil Slips Amid Donald Trump's Claim That Price War Will End Soon

Oil markets have been in turmoil for weeks after top producer Riyadh cut prices amid a row with Moscow, and then demand all but evaporated due to lockdowns and travel restrictions to fight the spread of the coronavirus.

3 Apr 2020 7:59 am
Moody's Changes Outlook on Indian Banks from Stable to Negative as Covid-19 Disrupts Economy

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances, which in turn will result in increases in delinquencies.

2 Apr 2020 10:41 am
Stock Markets to Remain Closed for Any Trading Today on Account of Ram Navami

On the first day of the new financial year, the Sensex closed at 28,265.31, witnessing a fall of 1,203.18 points. On the other hand, Nifty ended 343.95 points lower at 8,253.80.

2 Apr 2020 9:01 am
Trump to Meet with Oil Executives over Cratering Energy Market Amid Covid-19, Saudi-Russian Price War

Trump expressed alarm at the impact on the US energy industry from the twin blows of the economic shutdown caused by the coronavirus and the Russia-Saudi row.

2 Apr 2020 8:17 am