The NSE Nifty 50 index closed 1.36% higher at 14,504.80 and the S&P BSE Sensex ended 1.38% higher at 48,544.06, rebounding after surging infections pushed the indexes to their second-worst session this year on Monday.
The penalty imposed on the group seems to have marked the end of the antitrust probe against the company, at least for the time being. It has brought relief to all of Alibaba’s investors. Jack Ma's personal net worth has also gone up after the fine.
Partial lockdowns and restrictions announced in some states have already started impacting lakhs of businesses, who may have no option but to permanently shut shop. This could lead to a sharp rise in unemployment and ultimately hurt India's economy.
Under the Central Bank of India's Immune India Deposit Scheme, all citizens who have received Covid-19 vaccine will get higher interest on fixed deposits. Vaccinated senior citizens are eligible for an additional 25 bps. Here is all you need to know:
Job losses have started hitting the gig economy with a sharp rise in Covid-19 cases during the second wave. A private research report suggests that the unemployment rate has started rising since April.
At today's closing, Sensex was down 1,707.94 (3.44 per cent) at 47,883.38, while Nifty fell 524.05 (3.53 per cent) to 14,310.80. The two indexes have now retreated 7 per cent-8 per cent each from their mid-February record highs.
With several states planning stricter curbs in the wake of rising Covid-19 cases, Indian firms are again under pressure. In a recently conducted poll, CEOs of many firms expressed how authorities can deal with the Covid-19 situation without harming business activity.
Cash-strapped Future Retail may get a major repayment relief by the end of the month. It may be noted that Future Retail had been struggling to clear its dues to lenders as its deal to sell retail assets to Reliance has been put on
Sensex crashed nearly 1,500 points roughly an hour after market opening on Monday. NSE Nifty 50 also plummeted sharply. The sombre mood was seen across all sectoral indices except pharma. Here is all you need to know about today's market bloodbath:
Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75bn) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to be imposed in the country.
With the economic situation deteriorating again in the wake of the second Covid-19 wave, unemployment could rise sharply. In such a scenario, can the RBI afford to announce another moratorium on loan repayments as a relief measure? Here's all you need to know:
A couple of days ago, Sebi had fined Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani and other individuals and entities for non-compliance with takeover norms in a case dating back to 2000. RIL has now said that it will appeal in SAT against the market regulator's order.
The RBI has recently announced several measures to enhance the functionality of mobile wallets. With the addition of the features, mobile wallets will function exactly like banks. Here is all you need to know:
A resurgence of Covid-19 cases has forced many states to reintroduce strict restrictions. Experts are worried that such measures could severely impact small businesses and poor households. Can the battered economy survive another wave of the pandemic? Read on to know more.
Mutual funds that invest in equity showed a net inflow of 91.15 billion rupees ($1.22 billion) in March compared with an outflow of 45.34 billion rupees in February, data published by the Association of Mutual Funds in India (AMFI) showed.
A recent RBI survey has indicated that consumer confidence has fallen in the wake of the second Covid-19 wave. The development could be a major setback for the country's economic revival. Here is all you need to know:
With many states imposing localised lockdowns and night curfews, restaurants and similar establishments in the country are again staring at an existential crisis. Some experts say that the fresh Covid-19 curbs could be a final blow to many hospitality sector businesses.
The RBI has announced that it is mandatory for all operating prepaid payment instruments such as mobile wallets and prepaid cards to be interoperable. This will help mobile wallets function like bank accounts. Here's how:
India has returned to positive growth but Covid-19 still poses a downside risk, IMF's Chief Economist Gita Gopinath tells India Today TV and AajTak News Director Rahul Kanwal in an exclusive interview.
The restaurant sector, which was limping back to normalcy post the 2020 lockdown period, is once again staring at huge losses as several states have reimposed strict Covid-19 curbs amid a second wave of the virus outbreak.
On Tuesday, the IMF projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic.
The shares of the casual dining restaurant chain listed on the National Stock Exchange at Rs 489.85 — a 2.03 per cent discount on its issue price of Rs 500. Soon after, the stock surged over 20 per cent. Here is all you need to know:
The Reserve Bank of India's Monetary Policy Committee is expected to hold key interest rates this week and maintain an accommodative stance. However, the central bank may revise its inflation projections higher.
The NSE Nifty 50 index ended 1.54% lower at 14,637.80, while the S&P BSE Sensex was down 1.74% at 49,159.32. Financial stocks led the decline. Private-sector lenders HDFC Bank, HDFC, and ICICI Bank were the biggest drags on the Nifty 50, falling between 2.5% and 3.8%.
Several states including Maharashtra have imposed partial lockdowns due to a sharp rise in new Covid-19 cases. If these curbs get stricter, India's economic recovery could face serious roadblocks. Here's why