Sensex plummets 536 pts on weak global cues, Nifty ends below 9,200; bank, IT stocks top drags

Sensex rises for 2nd day, gains 371 points; Nifty just short of 9,400

Sensex bleeds 2,002 points due to global selloff; Nifty slips below 9,300

Bank, FMCG stocks drag Sensex 262 points lower; Nifty barely holds above 9,200

Sensex gains 232 pts, Nifty ends above 9,250; bank, auto stocks rally

Sensex sheds 242 pts, Nifty slips below 9,200; financials top drags

Sensex ends 199 pts higher, Nifty holds above at 9,250; RIL jumps over 3%

Budget 2020: Flat tax-rate without exemptions on FM's table

Govt may eye Rs 1.5 lakh crore divestment in FY21: Sources

RBI advises Ministry of Finance against PSB recapitalisation in Budget 2020

Economic Survey 2020: Here's everything you need to know

India's Q3 FY20 GDP growth inches up at 4.7% vs 4.5% in previous quarter

Covid-19 impact: Govt raises market borrowing limit to Rs 12 lakh cr for FY21

India's fiscal deficit hits 52% of budgeted target in first 2 months of 2019/20

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Flows into equity MFs drops 8.8% to Rs 6,026 cr in October: AMFI

The country -- hardest hit by the pandemic in terms of the number of fatalities -- has now confirmed a total of 1,283,829 cases, Johns Hopkins University reported.

South Korea's capital has shut down more than 2,100 nightclubs, hostess bars and discos after dozens of coronavirus infections were linked to club goers who went out last weekend as the country relaxed social distancing guidelines.

Covid-19 pandemic: ICMR approves 28 more institutions for Plasma Therapy across country

ICICI Bank Q4 net profit rises 26% YoY to Rs 1,221 crore, misses Street estimates

Coronavirus in West Bengal: 11 deaths, 108 fresh cases reported in last 24 hours

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion).

India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migrants from Kerala sending.

NRI deposits between April & August saw an inflow of $4 billion, compared with $5.7 billion in the same period last year. NRIs in the Gulf, who contribute the maximum to the deposit chunk, are showing preference towards mutual funds.

An IAF fighter jet crashed into the fields here, Nawanshahr Deputy Commissioner Vinay Bublani said. The crash took place around 10.30 am, the officials said. An IAF spokesperson said the Mig-29 aircraft was on a training mission from an Air Force base near Jalandhar.

"Thirty new cases of COVID-19 (six from Delhi and 24 from Tripura) have been reported from different establishments. All of them are under the best available medical care at AIIMS-Jhajjar and G B Pant Hospital, Agartala," BSF spokesperson Shubhendu Bhardwaj said in a statement.

Component makers are also working overtime to restart factories, but delays in getting approvals are causing hindrance in some states, especially in Maharashtra and Tamil Nadu that have the biggest automotive manufacturing hubs, industry insiders said. This, they said, could weigh on the plans of the automakers.

Maruti Suzuki restarted operations at 680 dealerships till Wednesday, covering almost 35% of the addressable market. The nation’s largest carmaker is seeking permission from local authorities to reopen all but 500 of its remaining over 2,400 outlets. The 500 showrooms are in Covid-19 containment zones.

The auto major has commenced production at its Sriperumbudur factory in Tamil Nadu adhering to 100 per cent compliance of safety and social distancing norms, Hyundai Motor India said in a statement.

IIT-Guwahati has shown the way cornering the biggest pool of projects, followed by IIT-Madras and IIT-Hyderabad. Nearly 50% of the key research in India’s premier technical schools are happening in six of the old IITs. Majority of the researches are happening in the field of personal protective care equipment (45 projects), followed by sanitisation (33) and treatment.

The board has considered and approved the proposal to raise debt of up to Rs 2,000 crore, a company statement said.

A hike in taxes on fuels, which will add to government’s revenue, helped lift sentiment.

Analysts in an ETNow poll had projected the number at Rs 3,000 crore.

The company's total income declined 17.90 per cent YoY to Rs 449.62 crore in the January-March quarter

In all likelihood, England and Wales Cricket Board (ECB) chairman Colin Graves will replace the former BCCI president, who, it is learnt, has decided against seeking an extension for a third two-year-term.

"After New Delhi didn't fulfill its obligations to pay host fee as mentioned in the Host City Agreement terms, AIBA has terminated the contract. Therefore, India would have to pay a cancellation penalty of USD 500," the AIBA said in a statement.

Assam cabinet held its meeting on Friday through video conferencing. Assam Industries and Commerce Minister Chandra Mohan Patowary said the 25 per cent hike will add Rs 1000 crore to the government's kitty.

‘Don’t sell but use dips in the market to deploy money’

‘The debt will come down even further if fibre InvIT and Aramco sale happens’

select banks in India can offer forex rates to Indian clients beyond the inter-bank market hours

At the interbank foreign exchange market, the local currency opened at 71.25.

“Today, USDINR pair is expected to quote in the range of 71.05 and 71.50,” Motilal Oswal Financial Services said.

The rupee on Friday surged against the US dollar following some selling in American currency by banks and exporters.

Forex traders said the rupee which started the day on a positive note, witnessed heavy volatility.

Forex traders said stimulus measures announced by the RBI and FPIs turning net buyers in capital markets boosted investor sentiment.

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit.

According to the consulting firm KPMG, in comparison to the economic crisis of 2008, the government now has limited options to undertake corrective interventions owing to the financial stress which was already prevalent in the pre-COVID-19 period.

In case, the examination results are not ready by July 31, students will have the opportunity to provisionally register and move on to the next semester, the VC said. The entire monsoon semester registration process will be completely online making it easy for the students to register even from their homes.

​​Addressing a press conference, MHA Joint Secretary Punya Salila Srivastava said the government intends to give relaxations to people within the lockdown guidelines. These trains are part of this endeavour, she said.

The country's largest domestic airlines had on Friday announced pay cut ranging between 5 and 25 per cent.