Business

The broad-based S&P 500 dove 12.0 percent to 2,386.13, while the tech-rich Nasdaq Composite Index shed 12.3 percent to 6,904.59.

Care Ratings has conducted a survey on the impact of the coronavirus pandemic on the economy among over 150 CEOs, CFOs, investors, analysts and other stakeholders from manufacturing, financial services, infra, realty and services between March 5 and 12.

Prior to the virus outbreak across the world, foreign investors were net buyers for six consecutive months since September 2019.

Besides Kapoor, the CBI has also booked his wife Bindu, her company Bliss Abode Pvt Ltd as well as Avantha Realty Ltd and Gautam Thapar the promoter of Avantha Group, which sold the bungalow.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 1040 hours.

The e-commerce company is implementing the use of video conferences for meetings and interviews. Its facilities are also being sanitised and deep-cleaned at regular intervals.

A Government Resolution (GR) stated that aggregators can surge their fare up to three times of the base fare of the black and yellow taxis, which is Rs 14.85 per km at present.

Thakur said the Modi government has always taken stringent action against those who have fled with the public’s hard earned money and will continue to do so.

BPCL has a market capitalisation of about Rs 87,388 crore and the government stake at current prices is worth about Rs 46,000 crore. The successful bidder will also have to make an open offer to other shareholders for acquiring another 26 per cent at the...

BSNL has informed that its total accumulated loss during the current financial year (upto December 31, 2019) is Rs 39,089 crore, MoS for Telecommunications Sanjay Dhotre said in Rajya Sabha.

The DoT, following the Supreme Court ruling in October last year which said that all kinds of income generated by telecom companies will be considered for calculating government dues, had estimated Vodafone Idea's liabilities at over Rs 53,000 crore.

Tracking the plunge in the indices, the market capitalisation of BSE-listed companies dropped by Rs 3,85,485.39 crore to Rs 1,43,99,995.94 crore.

Besides coronavirus fears, the markets were also taken aback by the Reserve Bank of India’s (RBI’s) action on Yes Bank Ltd, India’s fifth largest private lender.

India on Thursday placed Yes Bank under a moratorium, with the Reserve Bank of India (RBI) taking over from its board for 30 days and saying it would work on a revival plan for the lender.

The 3rd Pay Revision Committee has recommended a maximum of 15 per cent fitment for the pay revision from January 1, 2017.

The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government.