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BusinessToday.In
New Delhi, April 8, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Aprajita Sharma
New Delhi, April 8, 2020
If you consider to take loan to meet this temporary shortage of funds, you have a cheaper loan option that you can avail at just 1 per cent. Let's understand how


BusinessToday.In
April 8, 2020
COVID-19 impact: This move is expected to benefit 14 lakh taxpayers; pending GST and custom refunds will also be issued immediately to 1 lakh taxpayers


Anand Adhikari
April 8, 2020
Reserve Bank of India (RBI) in its COVID-19 package has said that all commercial banks, cooperative banks and NBFCs including MFIs and housing finance companies are permitted to provide a moratorium on all kinds of term loans


Reuters
April 8, 2020
Saudi Arabia, with by far the world's biggest reserve of extra capacity and some of the lowest production costs, said it had raised crude output to 12.3 million bpd on April 1 and planned to export more than 10 million bpd.


BusinessToday.In
New Delhi, April 8, 2020
RBI has increased the number of days for which a state/UT can be in \"overdraft\" continuously to 21 working days from the current 14 days; this will provide greater flexibility to states to tide over cash-flow mismatches


PTI
April 8, 2020
The rupee opened weak at 75.83 at the interbank forex market and then fell further to 75.85, down 21 paise over its last close.


BusinessToday.In
New Delhi, April 7, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Anand Adhikari
April 7, 2020
Banks generally offer 3-4 per cent on savings bank accounts. So what prompted the largest bank in the country to go for a savings rate cut?


Niti Kiran
April 7, 2020
Earlier this month, the central bank had announced a massive 75 bps cut in repo rate coupled with 100 bps reduction in cash reserve ratio to mitigate the impact of coronavirus pandemic on the economy


PTI
April 7, 2020
Taking into account the impact of the revised trading hours for various markets...Sebi has decided to reduce the cut-off timing for both subscription and redemption in various mutual fund schemes for a temporary period, the communication said.


BusinessToday.In
New Delhi, April 7, 2020
The GDP growth may see an upside of 4 per cent for the fiscal year 2020-21 if the situation normalises by next month, says UBS


PTI
April 7, 2020
At the interbank foreign exchange the rupee opened at 75.92, then gained ground and touched 75.87, registering a rise of 26 paise over its previous close.


BusinessToday.In
New Delhi, April 6, 2020
Canara Bank has reduced its marginal cost of funds based lending rates (MCLR) on loans and advances across all tenors by up to 35 basis points across tenors, effective April 7


BusinessToday.In
New Delhi, April 6, 2020
A snap poll conducted by apex industry chamber Confederation of Indian Industry (CII) on 200 chief executives across sectors found majority of them fearing their revenues would fall more than 10 per cent and profits dip by over 5 per cent during the first six months of the current year 2020-21; Prime Minister Narendra Modi on Sunday spoke to former Presidents, Prime Ministers and leaders of Opposition parties as India continues to witness a spike in coronavirus infections and deaths; Former Reserve Bank of India (RBI) Governor Raghuram Rajan said that the Indian economy was facing the 'greatest emergency' since Independence, more acute than the global financial crisis in 2008-09. Watch this and more on News Blast.Also Read: Coronavirus outbreak: Increase testing to avoid another lockdown, says ex-RBI chief Urjit Patel


Anand Adhikari
New Delhi, April 6, 2020
There are three repayment options for a borrower who is opting for a moratorium based on the accrued interest and principal amount or the deferred EMIs


BusinessToday.In
New Delhi, April 6, 2020
Patel, who quit as RBI Governor in December 2018, hailed the government for providing food and money to the nation's poorest citizens, while calling for more Covid-19 tests


PTI
April 6, 2020
The special flights to London include three scheduled from Goa for next Wednesday, Friday and Sunday and two each from Mumbai and Delhi on Thursday and Saturday, with further flights planned later


Reuters
April 6, 2020
Activity in service sector contracted in March due to the fall in export demand globally and also because of Prime Minister Modi's appeal to stay indoors and shutting non-essential business shops


BusinessToday.In
April 5, 2020
Government should now plan about how to restart the economic activity in the low-infection regions with enough precautions since lockdown can't be continued for longer periods, Rajan said in a blog


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