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PTI
May 27, 2020
The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close


BusinessToday.In
New Delhi, May 25, 2020
Coronavirus crisis: The MoHFA said that PPEs and masks are tested for quality before they are procured from the manufacturers prescribed by the Ministry of Textile


BusinessToday.In
New Delhi, May 24, 2020
The bank also said that it is currently preparing to extend the economic package announced by Finance Minister Nirmala Sitharaman aimed at resuming business activities


E Kumar Sharma
New Delhi, May 24, 2020
The available data shows how the sector has suffered in the past few weeks and is now trying to recover


Aprajita Sharma
New Delhi, May 24, 2020
A balance sheet recession happens when highly indebted companies collectively focus on reducing debt instead of growth, causing rut in the economy


BusinessToday.In
New Delhi, May 22, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


BusinessToday.In
New Delhi, May 22, 2020
Prime Minister Narendra Modi on Friday announced an advance interim assistance of Rs 1,000 crore for cyclone-hit West Bengal. PM Modi announced aid after reviewing the situation with Bengal Governor Jagdeep Dhankhar and Chief Minister Mamata Banerjee. The PM also declared an ex-gratia of Rs 2 lakh to the families of each of those killed during the devastation caused by cyclone Amphan, and Rs 50,000 for the injured. At least 80 people have been reported killed so far in West Bengal due to the extremely severe cyclone. Watch the video for more.Sensex slips 260 points on loan relief by RBI, negative GDP growth projection


BusinessToday.In
New Delhi, May 22, 2020
RBI governor Shaktikanta Das has reduced the repo rate by 40 basis points to 4 per cent - the lowest ever. The repo rate had already hit its lowest at 4.4 per cent in March when the RBI had reduced the rate by 75 basis points. Before this, it had hit the lowest point of 4.75 per cent in April 2009. Further, the central bank has extended the moratorium period on term and credit card loans by another three months until August 31. Watch as Rajeev Dubey, Editor, Business Today, explains the effects of these measures on Indian companies.Coronavirus impact: What the future holds for battered restaurant industry


Aprajita Sharma
New Delhi, May 22, 2020
The repo rate cut is good news for home loan, car loan or other borrowers who would soon see their EMI burden ease off


BusinessToday.In
New Delhi, May 22, 2020
The loan moratorium has now been extended till August 31 for 6 months


BusinessToday.In
May 22, 2020
Coronavirus (COVID-19) tracker India news live updates: Delhi recorded 660 fresh COVID-19 cases in the last 24 hours, the highest one-day jump in the national capital. Delhi's total count of coronavirus positive cases now stands at 11,659. India's total count of confirmed coronavirus cases spiked to 1,18,447 on Friday, according to Union Health Ministry


PTI
May 18, 2020
An extended moratorium will imply that companies need not repay loans until August 31, 2020. That, however, will result to a build-up in interest that companies may not be able to service in September


PTI
May 18, 2020
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 100.32


Vivek Dubey
New Delhi, May 17, 2020
Coronavirus Lockdown 4.0: All shopping malls, cinema halls, gym, swimming pools, entertainment parks, bars, and other public gathering places will remain closed


Dipak Kumar Mondal
May 17, 2020
While the states can borrow up to 3.5%, or around Rs 7.5 lakh crore without any condition, the next 150 bps of the borrowing limit is subjected to certain conditions


PTI
May 17, 2020
Usually, banks have a lower reliance on the credit cards segment for their advances because it is an unsecured product, but it's segmental head Harjeet Toor said the bank has been using a slew of analytics capabilities to grow in the category without increasing its delinquencies


PTI
May 17, 2020
Experts believe foreign portfolio investors (FPIs) will keep a close watch on coronavirus pandemic, its spread and likely impact on the economy while making decisions about investment into India


BusinessToday.In
New Delhi, May 16, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


BusinessToday.In
New Delhi, May 14, 2020
FM Nirmala Sitharaman Speech on Economic Package Live Updates: Free Food grain supply to migrants for 2 months; about 8 crores migrants to benefit from this; Rs 3,500 crore will be spent on this intervention for 2 months


Anand Adhikari
May 13, 2020
Kotak talked about handling the exit of the lockdown in a gradual and calibrated manner. \"It will have economic costs while the country deals with the virus.\"


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