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Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...

Steve Mnuchin: “Coronavirus is worse than 9/11 for the airline industry”

Speaking with the press on Tuesday, Steve Mnuchin, Treasury Secretary of the United States, said, "The Coronavirus outbreak is worse than 9/11 for airline...

Bajaj Finance reappoints Rajeev Jain as Managing Director

India based finance company, Bajaj Finance on Wednesday announced the reappointment of Rajeev Jain as the company's managing director. In a filing at the Stock...

Market Analysis by Abhishek Goenka: Risks in USD INR are tilted to the upside

Strong resistance for the pair stands at 74.50 (all-time high). A break and sustain above 74.50 will open room for further upside and can...

Report: Trump administration looks for $850 billion to stem COVID-19 economic fallout

The Trump administration plans on seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported...

Rahul Gandhi: Who are these 500 wilful bank defaulters?

Speaking in the parliament on Monday, Indian National Congress leader, Rahul Gandhi asked the government, "Who are these 500 wilful bank defaulters, and why...

Market Analysis: “Dow sees worst fall (13%) since Black Monday crash of 1987 (22%)”

The European Union has decided to close all internal borders to permit only essential travel. Philippines, Malaysia have enacted movement controls. The Dow crashed close...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year's annual general meeting (AGM) on March 18, urging...

YESBankCrisis: ED summons Anil Ambani in money laundering probe

Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor...

Market Analysis by Abhishek Goenka, “Fed obliges the president; cuts rates to zero”

Just three days before the policy, the US Fed has cut overnight Federal funds rate by 1% to 0-0.25% range. It has also announced USD...

Christine Lagarde said, “COVID-19 will have a huge impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant...

#YESBankCrisis: Cabinet approves reconstruction scheme for Yes Bank

Union Finance Minister Nirmala Sitharaman on March 13 said that the Cabinet has approved the Reserve Bank of India's (RBI) reconstruction scheme for Yes...

Rahul Gandhi Slams Modi Government For Poor Management On Economy, Coronavirus, and on Crashing SENSEX

New Delhi: Congress leader and former president of Indian National Congress, Rahul Gandhi has slammed the Narendra Modi rule NDA government for not taking...

Tata Steel to raise Rs 670 crore through Non-convertible debentures

India-based steel company Tata Steel has said that “Its committee of directors has approved the plan of raising Rs 670 crore through issuance of...

GE Power India terminates Rs 818.3 crore worth of contract with NECL

GE Power India Limited on Thursday said that “It has terminated a contract with Navayuga Engineering Company Ltd (NECL).” The company in its filing at...

TG TV: Mark Carney says, “Bank of England will take necessary steps to support the UK economy”

Governor Mark Carney, on Wednesday, said that "The Bank of England will take all necessary further steps to support the UK economy from the...

TG TV: Union Minister Piyush Goyal speaks on the prospects of US-India Trade deal

In an event on Saturday, the union minister of India, Piyush Goyal speaks on the prospects of the US-India trade deal. https://www.youtube.com/watch?v=JGRsvrFzWvo&t=149s

ArcelorMittal Nippon Steel acquires the Bhander power plant from Edelweiss Asset Reconstruction Company

ArcelorMittal Nippon Steel India on Tuesday said that “It has acquired the Bhander Power Plant from Edelweiss Asset Reconstruction Company.” The company in its statement...

Shriram Transport Finance plans to raise funds through debt securities

India based transport finance company, Shriram Transport Finance has announced its plan to raise funding through the issuance of debt securities. In a filing with...

Vatika Group leases 50,000 sq ft area to French sports goods retailer Decathlon

Delhi-NCR based real estate developer Vatika Group has leased approximately 50,000 sq feet of area to French sporting goods retailer Decathlon for a flagship...

Biocon receives two observations from USFDA for API Manufacturing Facility in Bengaluru

India's leading biopharma company, Biocon Limited on Thursday said that “It has received a Form 483 and two observations for its Small Molecules API...

Tata Motors to raise Rs 500 crore through non-convertible debentures

Automobile giant Tata Motors Limited on Wednesday said that “It will be raising Rs 500 crore through the issuance of non-convertible debentures on private...

Cipla receives a warning letter from USFDA for its Goa manufacturing unit

The US Food and Drug Administration (USFDA) has issued a warning letter to Cipla's Goa manufacturing facility. In a regulatory filing with Stock Exchange, the...

ADB secures Rs 8.5 billion through offshore India rupee-linked bonds

The Philippines-based Asian Development Bank (ADB) on Tuesday said that “It has secured Rs 8.5 billion (approx $118 million), form a new issue of...

GAIL to infuse Rs 1.05 lakh crore to create infrastructure for gas-based economy

GAIL India Ltd, the country's largest gas utility, will invest Rs 1.05 lakh crore over the next five years to expand pipelines, lay city...

Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

The Reserve Bank of India may offer additional time to Bandhan Bank to decrease its promoter shareholding in the bank. According to India's leading newspaper,...

PepsiCo acquires Chinese snack company Be & Cheery for $705 million

American multinational food and beverage maker, Pepsico on Sunday announced that “It has agreed to acquire Chinese snack brand Be & Cheery for $705...

SREI Infra Finance, CEO says, “Sector should raise resources on a sustained basis”

India's leading non-banking finance company, Srei Infrastructure Finance Limited, has said that “The sector which is going through liquidity crisis should be able to...

Biocon receives three observations from USFDA for its Insulin Glargine facility in Malaysia

India's leading biopharma company Biocon on Saturday said that “It has received three observations for its insulin manufacturing facility in Malaysia from the United...

Report: Flipkart challenges India antitrust probe

Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed,...

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