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JSW Steel Q4 production falls 5%; to restart operations soon

MUMBAI: JSW Steel’s crude steel production fell 5% year-on-year to 3.97 million tonne in the March quarter. While production during January-February was 1% higher than a year ago, slowdown in economic activity due to the covid-19 lockdown towards the end of March led to a sharp fall in output across plant locations. The company achieved […]

HUL shares today surge over 10% to record high

Shares of FMCG major Hindustan Unilever Ltd (HUL) today surged as much as 11% to a new high of ?2,399. In comparison, benchmark index Sensex was up about 6%. HUL is a handful of stocks that have been able to escape the market correction over the past few weeks. Analysts say that rising demand for […]

Gold prices today surge ?2,000 per 10 gram, hit record high

Gold prices in India today surged as much as ?2,000 per 10 gram, hitting a new high of ?45,724 per 10 gram in futures market. On MCX, June futures were up 3.5% to ?45,269 per cent in recent trade, in a catch-up rally with global markets. In India, commodity derivatives trading markets were closed due […]

PNB Housing Finance shares hit 5% upper price band as the firm eyes raising $100 mn from JICA, Citibank

Shares of PNB Housing Finance hit their 5 percent upper price band at Rs 169.65 in early trade on BSE on April 7, a day after the company said it had signed an agreement with Japan International Cooperation Agency (JICA) and Citibank to raise $100 million (about Rs 762 crore) for providing loans in the […]

Pharma stocks shine; Cadila, Laurus Labs, Biocon shares jump up to 15%

Most pharma stocks were trading with strong gains in morning trade on April 7, keeping their sectoral index on BSE in the higher territory. Around 1:15 hours, the BSE Healthcare index was 5.20 percent up at 13,039.55. Shares of Morepen Labs, Cadila, Laurus Labs, Hikal, Lupin, Biocon and Sun Pharma were trading with strong gains. […]

OPEC+ producers debate possible oil cuts of 10 million barrels per day

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said on Friday, adding that any further cuts must include producers from outside the alliance. U.S. President Donald Trump on Thursday said he had brokered a deal that could result in Russia and Saudi […]

COVID-19: Railways modifying 680 coaches to accommodate 11,000 patients

NEW DELHI : Northern Railway and North Central Railway are working on a war footing to prepare 680 isolation coaches to accommodate nearly 11,000 people in case there is a sudden spurt in coronavirus positive cases, a senior official said on Friday. As many as 68 trains with 10 coaches each are being modified and […]

PM Modi asks people to light lamps, candles, torches at 9 pm this Sunday

NEW DELHI : After asking people to show up on their balconies and gates to applaud unsung warriors against coronavirus during the last month’s ‘Janata Curfew’, Prime Minister Narendra Modi today asked all Indians to display a collective spirit in the fight against the disease by coming out on balconies and gates once again this […]

World Bank approves $1 billion emergency funds for India to tackle coronavirus

Washington: The World Bank has approved USD 1 billion emergency funding for India to help it tackle the coronavirus pandemic, which has claimed 76 lives and infected 2,500 people in the country. The World Bank’s first set of aid projects, amounting to USD 1.9 billion, will assist 25 countries, and new operations are moving forward […]

RBI announces change in market timings, trading hours now 10 am-2pm

MUMBAI: The Reserve Bank of India (RBI) on Friday announced that money markets will function from 10 am to 2 pm, effective 7 April, as the 21-day lockdown and social distancing norms have hit participation. Domestic money markets used to function from 9 am to 5 pm. The new timings will in force until 17 […]

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