Indian shares rise as metals gain; Infosys slides

BENGALURU (Reuters) – Indian shares rose on Thursday, as investors looked past rising coronavirus cases and a lockdown in Mumbai, and metals stocks added to strong gains this year, while Infosys fell sharply after reporting its quarterly results. Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, August 25, 2015. More...

by Ila Choudhary | Published 2 months ago
auto;
By Ila Choudhary On Monday, April 12th, 2021
0 Comments

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 More...

By Ila Choudhary On Sunday, April 11th, 2021
0 Comments

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...

By Ila Choudhary On Friday, April 9th, 2021
0 Comments

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...

By Ila Choudhary On Friday, April 9th, 2021
0 Comments

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...

By Ila Choudhary On Friday, April 9th, 2021
0 Comments

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...

By Ila Choudhary On Wednesday, April 7th, 2021
0 Comments

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...

By Ila Choudhary On Wednesday, April 7th, 2021
0 Comments

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...

By Ila Choudhary On Tuesday, April 6th, 2021
0 Comments

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...

By Ila Choudhary On Sunday, April 4th, 2021
0 Comments

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...