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Reuters
August 6, 2020
The BoE, announcing no change to its key interest rate which stands at just 0.1% or its huge bond-buying programme, said it expected the economy would not recover its end-2019 size until the end of next year


BusinessToday.In
New Delhi, August 6, 2020
U.S. crude oil stockpiles fell sharply last week as refining rates hit their highest since March, while gasoline and distillate inventories rose, the Energy Information Administration said; Novavax Inc has entered a supply and license agreement with the Serum Institute of India for the development and commercialisation of its COVID-19 vaccine candidate; Food brands today are riding the wave of 'immunity boosting products' led by consumer demand. Watch this and more news on News Blast.Also Read: RBI keeps repo rate unchanged at 4%, maintains status quo


BusinessToday.In
August 6, 2020
Reserve Bank of India (RBI) governor Shakitkanta Das on Thursday said that additional special liquidity facility of Rs 10,000 crore will be provided at the policy repo rate consisting Rs 5,000 crore to the National Housing Bank (NHB)


BusinessToday.In
August 6, 2020
RBI MPC meet: More protracted spread of the pandemic, deviations from the forecast of a normal monsoon, and global financial market volatility are the key downside risks, said Das


BusinessToday.In
August 6, 2020
RBI panel forecasts GDP growth in first half of the year is estimated to remain in the contraction zone; for year 2020-21 as a whole, real GDP growth is also estimated to be negative


Reuters
August 6, 2020
He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones


BusinessToday.In
August 6, 2020
RBI MPC Meet: Other rates, including reverse repo rate and bank rate, have also been kept unchanged, says RBI Governor Shaktikanta Das; GDP in H1 will remain in negative, says the governor


Reuters
August 6, 2020
On Tuesday, Novavax reported that its experimental Covid-19 vaccine produced high levels of antibodies against the novel coronavirus in a small, early-stage clinical trial, and that it could start a large pivotal Phase III trial as soon as late September


BusinessToday.In
New Delhi, August 6, 2020
Coronavirus impact: Banks, NBFCs to face asset quality distress, says ICRAIndia's banks and non-banking financial companies (NBFCs) will continue to face elevated asset quality risks even as most of them reported a decline in the loans under moratorium provided by the Reserve bank of India (RBI) to borrowers on their loan repayments, as per a latest report. This was attributed to the impact of the coronavirus pandemic on borrowers' repayment capabilities.US crude oil stockpiles tumble sharp...


BusinessToday.In
August 6, 2020
India Stock Market News Updates Today: ONGC, followed by Tech Mahindra, TCS, HCL Tech, NTPC, Infosys and HDFC duo were among the top gainers today, while Maruti, Axis Bank, Bharti Airtel, M&M and Reliance Industries were among the laggards.


Prasanna Mohanty
August 5, 2020
India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit


Rupa Burman Roy
August 5, 2020
Today's volatile trade in the domestic equity market was despite strong global equities that trade bullish on hopes of US-China trade talks meet scheduled on August 15 and on the progress in the economic aid package in the US


BusinessToday.In
August 5, 2020
Coronavirus impact: The department added that the top 12 growth-driving states have accounted for 85 per cent of the case load, with 40 per cent concentrated in top two growth-drivers, Maharashtra and Tamil Nadu


Rupa Burman Roy
August 4, 2020
Healthy US economic data, record-low interest rates and abundant government stimulus helped indices recover from the recent downtrend and gain momentum. Globally, traders will also keep a track of macroeconomic data by the US


Nevin John
August 4, 2020
Aditya Puri, who joined as the first employee in the HDFC Bank, has been instrumental in building the bank from scratch and turning it into the most valued lender in India


Anand Adhikari
August 4, 2020
HDFC Bank CEO Sashidhar Jagdishan takes over the reins from Aditya Puri at a difficult time when COVID-19 outbreak has created uncertainty in the market


BusinessToday.In
August 4, 2020
Sashidhar Jagdishan aka Shashi joined the bank in the year 1996 as a Manager in the finance department. In 1999, he was appointed Business Head of Finance


BusinessToday.In
August 4, 2020
While firm start of the equity market and foreign fund inflows supported the rupee, factors like weak Asian currencies and rising COVID-19 cases dragged down the local unit down


Reuters
August 4, 2020
The slide comes after WTI rose 1.8% and Brent climbed 1.5% on Monday on better-than-expected data on manufacturing activity in Asia, Europe and the United States showing factories were emerging from the worst of the early coronavirus pandemic impact


BusinessToday.In
August 4, 2020
India Stock Market Highlights Today: ONGC, followed by ITC, Asian Paints, Reliance Industries, Maruti, Bajaj Auto and NTPC were among the top gainers. On the other hand, IndusInd Bank, HCL Tech, Tech Mahindra, PowerGrid and Bajaj Finance were among the laggards.


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