IBM CEO Arvind Krishna highlighted the need to create more open and equitable pathways for all Americans to acquire marketable skills and training, and the need is particularly acute in communities of colour IBM CEO Arvind Krishna has told the US Congress that the technology giant is no longer offering its facial recognition or […]
Britannia share price hits all-time high on strong Q4 earnings
The biscuit maker reported a 26% rise in profit at Rs 374.7 crore during the quarter ended March 31, 2020 against Rs 297.2 crore profit recorded in a year-ago period, helped by lower tax costs Britannia share price touched all-time high of Rs 3,704.55 today, rising 7.37% on BSE, on […]
Sensex gains over 900 points, Nifty at 9,837; Bajaj twins, JSW Steel, Tata Steel top gainers
Companies set to announce their earnings are Orient Electric, Magna Electro Castings, Capital India Finance, Universal Cables, Welspun Enterprises, V-Guard Industries, Birla Cable among others will announce their Q4 results today. Sensex and Nifty continued earlier week’s bullish trend and started Monday’s trade on a positive note, inline with strong […]
India’s Q4FY20 GDP estimates out today: What’s in store for India’s economy
Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters. Official GDP estimates for the last (January-March) quarter of 2019-20 will be out later in the day, […]
US stock futures, Asian shares gain on hopes of world economic recovery
Asian shares and U.S. stock futures rose on Thursday as growing optimism about economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5%. Australian shares rose 1.86% to the highest in […]
Stocks rise on hope that worst of economic plunge has passed
sian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week. Japan’s benchmark Nikkei 225 jumped 2.6 per cent to 20,179.09 in afternoon trading, helped partly by local media reports about fresh government […]
Coronavirus lockdown: How banks are focussing on ‘contactless financing’ to help borrowers
The coronavirus lockdown has been extended for the third time in the country. While over a month long lockdown already rendered many jobless and caused pay cuts or leave without pay, another phase of lockdown may add to their cash crunch worries. Although banks are operational for a few hours […]
Sensex closes 415 points higher on Rs 50,000-crore liquidity facility for MFs
Asian markets were ended positive led by Nikkei, ahead of Bank of Japan monetary meet. Federal Reserve and the European Central Bank will meet later in the week, while Bank of Japan has begun the policy meeting today. Sensex closes 415 points higher on Rs 50,000-crore liquidity facility for MFs […]
IRS body gets flak from govt for suggesting income tax hike amid coronavirus crisis
The government has not taken kindly to a report released by a body of Indian Revenue Service (IRS) officers, in which it has suggested among others a 40 per cent tax on super rich, to tackle with drastic fall in revenue owing to coronavirus outbreak in the country. Finance ministry sources have […]
Angel Broking temporarily suspends crude oil futures trading to protect traders
On April 20, the contract for WTI, the benchmark for US oil rates, fell below the $0-a-barrel level Angel Broking has temporarily suspended trading in crude oil futures to protect its clients from ongoing volatility. It comes after WTI crude contracts on Monday fell below zero for the first time ever […]