From Slowdown To Lockdown: India’s Auto Makers See Steep Fall In March Sales

Mahindra, maker of popular sport-utility vehicles such as Scorpio, posted an 88 per cent slide in sales. BENGALURU: Automakers in the country saw a steep fall in sales in March as a slowdown in demand was exacerbated by shutdowns in production due to the coronavirus pandemic. The government last week sent India into a 21-day […]

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Many Airlines At Brink Of Bankruptcy, Need Government Support: Industry Body

New Delhi: As cash reserves of aviation sector companies are “running down quickly” as planes are grounded amid the coronavirus pandemic, industry body FICCI on Wednesday recommended several measures to Finance Minister Nirmala Sitharaman and Civil Aviation Minister Hardeep Singh Puri to help aviation firms. FICCI stated in its letter that the government needs to […]

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Investor Wealth Erodes By Rs 3.20 Lakh Crore On First Trading Day Of FY21

Sensex tanked 1,203.18 points or 4.08 per cent on Wednesday Investor wealth dropped Rs 3,20,633.05 crore on the first day of the new financial year as selling resumed in the equity market amid rising cases of COVID-19. The Sensex tanked 1,203.18 points or 4.08 per cent to close at 28,265.31 on Wednesday. Tracking weakness in […]

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March GST Collection Falls To Rs 97,597 Crore Amid Coronavirus Outbreak

Goods and Services Tax collections in March 2020 fell 7.37 per cent to Rs 97,597 from Rs 1.05 lakh crore in February, government data showed on Wednesday. GST collections fell below Rs 1 lakh crore-mark for the first time since October 2019. Analysts say that GST collections have been impacted due to outbreak of coronavirus […]

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Gold Rate Today: Gold Futures Rise To Touch Rs 43,550/10 Grams Mark Amid Coronavirus Fears

According to industry body IBJA, the gold jewellery rate stood at Rs 43,123 excluding GST Gold Rate On April 1: Gold prices rose on Wednesday tracking international rates as India entered the eighth day of a 21-day lockdown to fight the spread of the coronavirus pandemic. MCX gold futures rose as much as 0.68 per […]

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Gold Rises Over 1% On Flight To Safety Driven By Coronavirus Fears

Gold is considered an attractive investment during times of political or economic uncertainty Gold rose more than 1 per cent on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4 per cent at $1,592.83 per […]

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Deadline To Submit Bid For Air India May Be Extended For Second Time

The initial bid submission deadline was March 17 and that was extended to April 30 New Delhi: The government is likely to extend the April 30 deadline to bid for Air India as the Covid-19 fallout has disrupted economic activities globally, an official has said.┬áThis would be the second extension in the deadline to submit […]

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Borrowers Unlikely To Get Loan Moratorium Benefit As Banks Will Charge Interest Later

The banks will levy interest on the outstanding amount of loan The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks. Last Friday, the RBI had announced that all term loans, including […]

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Maruti Suzuki March Sales Plunge Nearly 50% Amid Coronavirus Outbreak

Maruti Suzuki’s total passenger car sales declined by 43.3 per cent to 58,370 units. The country’s largest car maker – Maruti Suzuki – on Wednesday said that its total sales in March fell by 47 per cent to 83,792 units on the back of coronavirus (COVID-19) outbreak. Maruti Suzuki sold 158,076 units in the same […]

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Sensex Slumps 700 Points, Nifty Breaks 8,400 As Financial Stocks Drag

Financial stocks dragged markets lower; Kotak Mahindra Bank, SBI and HDFC Bank lost 3-8 per cent each The markets have started FY21 on a negative note, in line with global peers, as India entered an eighth day of a 21-day lockdown to curb the spread of the deadly coronavirus pandemic. The S&P BSE Sensex index […]

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