Indian shares plunge as raging virus threatens economic recovery
BENGALURU (Reuters) – Indian shares plunged on Monday as COVID-19 cases continued to rise relentlessly and a hard-hit state considered a stricter lockdown, threatening to derail a recovery in Asia’s third-largest economy. FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis More...
SBI collects Rs 300 crore from zero balance accounts for certain services in 5-yr: Study
New Delhi, Apr 11 (PTI) Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts More...
Indian consumer goods stocks gain as partial lockdowns return
BENGALURU (Reuters) – Shares of consumer goods companies in India rose as much as 1.3% on Friday, with retailers stocking up on supplies as many states in the country imposed partial lockdowns and curfews More...
India’s retail inflation likely rose in March but stayed within target: Reuters poll
BENGALURU (Reuters) – India’s retail inflation edged up to a four-month high in March, led by an increase in food and fuel prices, but remained within the Reserve Bank of India’s target range, a Reuters More...
Indian shares snap winning streak as banks fall
BENGALURU (Reuters) – Indian shares ceded ground on Friday after three sessions of gains, pressured by a fall in private-sector lenders, while shares of consumer goods producers gained amid restrictions in More...
Rupee loses 1.5% in biggest single-day fall for 20 months
MUMBAI (Reuters) – The Indian rupee lost 1.5% on Wednesday, suffering its biggest single-day fall in 20 months as the central bank mapped out plans for a massive government bond buying programme. Indian rupee More...
RBI keeps key interest rates on hold as COVID-19 cases rise
MUMBAI (Reuters) – The Reserve Bank of India (RBI) kept interest rates steady at record lows on Wednesday, as widely expected, sticking to its accommodative monetary policy amid concerns that rising COVID-19 More...
Indian shares rebound from virus-induced sell-off; metals gain
BENGALURU (Reuters) – Indian shares rebounded on Tuesday from a sharp sell-off in the previous session, as metals stocks gained and investor sentiment remained upbeat globally after strong U.S. economic data. A More...
Supreme Court order on interest waiver: PSU Banks may have to take Rs 2,000 crore hit
New Delhi, Apr 4 (PTI) Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for More...
Interest rate cut rollback: West Bengal contributes highest to small savings schemes
New Delhi, Apr 2 (PTI) West Bengal, which is the midst of a high-pitched assembly election, accounts for the highest collection of about Rs 90,000 crore from small savings schemes such as NSC and PPF among the states More...