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

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 surges 550 points, Nifty reclaims 9,350; IndusInd Bank, HUL jump 4% each

Insurance cover on bank deposits raised to Rs 5 lakh effective Tuesday

RBI's Monetary Policy Report forecasts global recession, says India's growth outlook "drastically altered"

Agriculture not going to be impacted badly by lockdown: Niti Aayog VC Rajiv Kumar

Banking space to see more pain going forward: Siddhartha Khemka

Beaten down banking and industrial stocks likely to outperform in near term: Taher Badshah

Pick stocks that will benefit from global supply chain reshuffle: Jitendra Gohil

Global investors now more confident about India than China: Pacific Paradigm Advisors

The H-1B is a non-immigrant visa that allows US companies to employ foreign workers from countries like India and China in speciality occupations that require theoretical or technical expertise.

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

Bandipora: Fake currency racket busted by J&K Police, 4 arrested

COVID-19 in Mumbai: BMC Commissioner Iqbal Chahal takes stock of Dharavi slum area

India is followed by China ($67 billion), Mexico and Philippines ($34 billion each), according to World Bank.

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

The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.

The payments bank sees average monthly remittances of close to Rs 5,000 crore from daily wage earners working in various factories, construction sites, small businesses, plumbers, carpenters, cab drivers, among others.

The Global Times is published by the People's Daily, the official newspaper of China's ruling Communist Party. The party has been known to float ideas and guide public sentiments via the Global Times, which tends to take a nationalistic stance on issues involving other countries.

Industry captains say economy and jobs must be central focus now, and policymakers have to recognise that the country will have to live with and work around Covid-19. India Inc’s growing call on reopening India for business comes amidst a blizzard of grim economic forecasts. Economic growth in FY21 can be negative, according to Nomura, ICRA and others.

CLSA maintained its 'buy' rating on the stock, with a target price of Rs 1,770.

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.

About 20% of the auto retail network, or 3,500 outlets, opened for business this week, with one-third staff to comply with social-distancing norms. As of Wednesday evening, some 50,000-60,000 employees were back at work, industry insiders said.

IIT Kanpur is developing a vaccine against Covid-19, while researchers at Madras and Kanpur have built desi drones for surveillance and IIT Ropar has produced robots to deliver food and medicines to patients in hospitals and quarantine zones. These innovations are in various stages of development.

CSIR's Institute of Genomics and Integrative Biology (IGIB), Delhi, Centre for Cellular and Molecular Biology (CCMB), Hyderabad and Institute of Microbial Technology, Chandigarh are currently sequencing the genomes of the novel coronavirus, he said. Other CSIR institutes are also expected to join the process.

However, record-low yields are pointing to an undercurrent of worry in the market.

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

The iconic sportsperson, who also played first-class cricket for Bengal, was 82 and breathed his last at a hospital here. He is survived by his wife Basanti and son Sudipto.

Not only Kumari's but samples of four other Indians, including 2017 Asian champion quarter-miler Nirmala Sheoran's had returned negative at NDTL but were found positive when tested in Montreal. Jhuma Khatun, one of them, was also handed a four-year ban, last month.

The multi-year deal will see Baseline managing all the commercial interests of Garg. Born in Meerut, UP, Garg made his first-class debut against Goa in 2018 where he went on to score an unbeaten 117. He recently led the Under-19 Indian team at the World Cup in South Africa where they finished runners-up.

Copper prices on Friday traded 0.48 per cent higher at Rs 408.75 per kg in futures market.

The chapati recently made an appearance in NYT Cooking as an unleavened curiosity in a world overrun with fluffed-up delights. It may be the most common way in which north Indian homes make their daily bread but there is more to it than simply roasting it on a hot iron tawa.

‘Industry leaders would benefit from both the demand revival as well as consolidation.’

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

The Railways has ordered a comprehensive probe into the Aurangabad accident in which 16 migrants workers who were sleeping on the tracks were mowed down by a goods train early on Friday.

The task force has also called for a revamp of financing models for infrastructure and backed a return of development financial institutions, such as IDBI and IFCI, albeit with a sectoral focus. It has argued that banks and NBFCs are unable to meet the massive funding requirement and face several challenges, which is turning the clock back by close to two decades.

TRAI had said that despite the higher charge on SMS, the complaints of UCC were on a rise and thus the regime for charging for SMSes should be brought under forbearance. In 2018, TRAI had mandated telcos to adopt distributed ledger technology (DLT) with ‘permissioned and private DLT networks’ where only identified and registered users can participate.

Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion. And he isn't done yet.

The body has also raised serious concerns with the new Pesticide Management Bill, which heightens the criminalisation of business operations, as there are penalties of up to Rs 50 lakh with an imprisonment up to 5 years or both, without differentiating between minor or major offences.

Bank Hapoalim B.M. (BHBM), an Israeli bank with international operations, and its wholly owned subsidiary, Hapoalim (Switzerland) Ltd. (BHS), have agreed to forfeit $20,733,322 and pay a fine of $9,329,995 to resolve an investigation into their involvement in a money laundering conspiracy that fueled an international soccer bribery scheme.

The owner and Chief Executive Officer of a Republic of Korea–based company, DK Marine, that provided ship husbanding services to the U.S. Navy pleaded guilty today for his role in a bribery conspiracy.

Good afternoon and thank you for coming here today. My name is Eric Dreiband and I serve as the Assistant Attorney General for Civil Rights here at the U.S. Department of Justice.

The founder of a Russian bank was arrested last week in London in connection with an indictment charging him with filing false tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, U.S. Attorney David L. Anderson for the Northern District of California, and Internal Revenue Service (IRS) Criminal Investigation, Special Agent in Charge Kareem Carter.  The Sept. 26, 2019, indictment was unsealed today. 

A Hoover, Alabama, salesman and tax defier pleaded guilty Friday to tax evasion, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Jay E. Town for the Northern District of Alabama.

A federal court in Tampa, Florida has permanently barred Steven Doletzky, formerly doing business as Liberty Tax Service, from operating a tax return preparation business and preparing federal tax returns for others, the Justice Department announced today. The court also ordered Doletzky to disgorge $175,000 of ill-gotten gains that the United States alleges he received from filing federal tax returns that claimed improper tax refunds, understated customers’ federal tax liabilities, or otherwise included false or fraudulent claims.