The Northern Herald

  • Rupee slips 48 paise to .against US dollar in early trade amid coronavirus scare

    Apr 03, 2020

    Mumbai, Apr 3: The Indian rupee fell 48 paise to 76.08 against the US dollar in opening trade on Friday, as investors braced for a prolonged period of uncertainty as coronavirus cases witnessed a sharp rise across the world and in India. Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. The rupee opened weak at 75.

  • Sensex drops over 400 pts; Nifty tumbles below 8,200

    Apr 03, 2020

    Mumbai, Apr 3: Equity benchmark Sensex tumbled over 400 points in early trade on Friday led by losses in banking and auto stocks as investor sentiment continued to be weighed down by the uncertainty over the COVID-19 pandemic and its economic impact. After hitting a low of 27,800.07, the 30-share BSE barometer was trading 375.34 points or 1.33 per cent lower at 27,889.97. Similarly, the NSE Nifty fell 105.35 points, or 1.

  • Sensex plunges over 700 pts; Nifty drops below 8,400

    Apr 01, 2020

    Mumbai, Apr 1: Equity benchmark Sensex slumped over 700 points in early trade on Wednesday tracking losses in index heavyweights Reliance Industries, Kotak Bank, HDFC Bank and Infosys amid weak cues from global markets. Starting the new financial year on a negative note, the 30-share BSE barometer was trading 714.74 points or 2.43 per cent lower at 28,753.75. Similarly, the NSE Nifty fell 199 points, or 2.31 per cent, to 8,398.75.

  • Jio offers 100 minutes of free Talktime, 100 free SMS to help poor in lockdown

    Mar 31, 2020

    New Delhi, March 31: Billionaire Mukesh Ambani's Reliance Jio on Tuesday offered its JioPhone users 100 minutes of free talktime and 100 free SMS till April 17, 10-times more than its rival have offered as help to the distressed during nationwide Covid-19 lockdown. All JioPhone users will continue to receive incoming calls post validity of their pre-paid vouchers in recognition of the difficulty some users may face in recharging.

  • Reliance Industries announces Rs 500 crore contribution to PM CARES Fund

    Mar 31, 2020

    New Delhi, March 30: Reliance Industries' chief Mukesh Ambani on Monday committed a further Rs 500 crore to the Prime Minister's COVID-19 fund, topping up over the multi-crore initiative of India's first coronavirus hospital, meals to the needy, and fuel to emergency vehicles.

  • Sensex spikes over 800 pts in early trade; Nifty tests 8,400

    Mar 31, 2020

    Mumbai, Mar 31: Equity benchmark Sensex surged over 800 points in opening session on Tuesday led by gains in index heavyweights Reliance Industries, HDFC twins and Infosys amid recovery in global equities. After hitting a high of 29,316.80, the 30-share BSE barometer was trading 505.20 points or 1.78 per cent higher at 28,945.52. Similarly, the NSE Nifty rose 199.85 points, or 2.41 per cent, to 8,480.95.

  • Rupee rises 8 paise to 75.51 against US dollar in early trade

    Mar 31, 2020

    Mumbai, Mar 31: The Indian rupee appreciated by 8 paise to 75.51 against the US dollar in early trade on Tuesday tracking positive opening in domestic equities. Forex traders said the rupee is trading in a narrow range as the higher opening in domestic equities supported the local unit, while sustained foreign fund outflows and strengthening of the American currency weighed on it. At the interbank foreign exchange the rupee opened at 75.

  • Rupee slips 32 paise to 75.21 against US dollar in early trade amid coronavirus scare

    Mar 30, 2020

    Mumbai, Mar 30: The Indian fell 32 paise to 75.21 against the US dollar in opening trade on Monday, as investors braced for a prolonged period of uncertainty as coronavirus-induced lockdowns tightened across the world and in India. Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. The rupee opened weak at 75.

  • Sensex tanks over 1,100 pts; Nifty slumps below 8,400

    Mar 30, 2020

    Mumbai, Mar 30: Equity benchmark Sensex plunged over 1,100 points in opening session on Monday tracking losses in global equities as unabated spike in COVID-19 cases across the world has hammered economic growth, sending the world into an economic recession. The International Monetary Fund (IMF) has said the world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession.

  • Gadkari asks NHAI chief, toll operators to ensure food, water support to migrant workers

    Mar 28, 2020

    New Delhi, Mar 28: Union Minister Nitin Gadkari on Saturday asked NHAI Chairman and toll operators across national highways to provide food, water and other necessary support to migrant workers. The directions came amid reports that migrant workers are facing severe hardships while stranded at various parts in the country on account of nationwide lockdown in the wake of coronavirus pandemic.

  • Brent oil dives over 7 per cent to lowest since 2003

    Mar 28, 2020

    London, Mar 28: Oil prices slumped anew on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as the coronavirus crisis paralyses global demand. Around 1435 GMT, Brent for May delivery was down 7.33 percent from Thursday, at USD 24.41 a barrel. West Texas Intermediate fell 5.97 percent to USD 21.25.

  • RBI cuts repo rate by 75 bps to 4.4 pc; slashes CRR by 100 bps

    Mar 27, 2020

    Mumbai, Mar 27: The Reserve Bank of India (RBI) on Friday cut benchmark interest rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19. The central bank also reduced the cash reserve ratio (CRR) of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year. RBI will maintain accommodative stance, Governor Shaktikanta Das said while announcing decisions of Monetary Policy Committee (MPC). "MPC voted for sizeable reduction in interest rate," he said.

  • Dhirubhai Ambani International School commences Live Classroom Teaching

    Mar 26, 2020

    Mumbai, March 26: Dhirubhai Ambani International School (DAIS), India’s leading international school announced that it has commenced live online classes for its students today. Using online meeting platforms, the live online classes will be run with the teachers and all students attending on video and attendance being marked online.

  • Sensex surges over 700 pts; Nifty tops 8,400 level

    Mar 26, 2020

    Mumbai, Mar 26: Equity benchmark Sensex jumped over 700 points in opening session on Thursday led by gains in HDFC twins, Infosys, ICICI Bank and Axis Bank amid mixed global cues. The 30-share BSE barometer was trading 713.76 points or 2.30 per cent higher at 29,249.54. Similarly, the NSE Nifty was up 167.95 points, or 2.02 per cent, at 8,485.80.

  • Rupee rises 13 paise to 75.81 against US dollar in early trade

    Mar 26, 2020

    Mumbai, Mar 26: The Indian rupee appreciated by 13 paise to 75.81 against the US dollar on Thursday tracking positive opening in domestic equities as assurance of a stimulus to fight the coronavirus pandemic supported investor sentiment. Forex traders said the 21-day lockdown imposed by Prime Minister Narendra Modi showed that the government is willing to take hard steps to fight the Covid-19 pandemic.

  • Spot gold markets remain shut due to countrywide lockdown: HDFC Securities

    Mar 25, 2020

    New Delhi, Mar 25: Spot gold markets in India remained shut on Wednesday due to countrywide lockdown to prevent spreading of Covid-19, according to HDFC Securities. A 21-day lockdown was announced on Tuesday to curb the spread of coronavirus. "Spot gold markets in India remained shut due to countrywide lockdown to prevent spreading of Covid-19," HDFC Securities said. In the international market, both gold and silver were trading flat at USD 1,600 per ounce and USD 14.28 per ounce respectively.

  • Sensex zooms 1,862 pts; Nifty reclaims 8,300 level

    Mar 25, 2020

    Mumbai, Mar 25: Benchmark Sensex soared 1,862 points on Wednesday led by massive gains mainly in heavyweights RIL, HDFC twins and ICICI Bank as investors shrugged off concerns over the 21-day nationwide lockdown in anticipation of a stimulus package by the government to cushion the economic blow of Covid-19.

  • Govt bans export of anti-malarial drug hydroxycloroquine

    Mar 25, 2020

    New Delhi, Mar 25: Amid coronavirus outbreak, the government on Wednesday banned export of anti-malarial drug hydroxycloroquine with immediate effect to ensure sufficient availability of the medicine in the domestic market.

  • Sensex recovers 693 pts amid govt measures to aid coronavirus-hit economy

    Mar 24, 2020

    Mumbai, Mar 24: A day after the historic rout, equity benchmark Sensex bounced back to close 693 points higher on Tuesday as investors noted governments across the world taking prompt economic measures to offset the financial damage from the Covid-19 pandemic. Indian equities followed an improved investor sentiment in Asia after the Federal Reserve announced limitless bond-buying programme to support the US economy.

  • Govt extends tax deadlines in view of lockdown due to coronavirus

    Mar 24, 2020

    New Delhi, Mar 24: Giving relief to citizens unable to meet deadlines due to coronavirus outbreak, Finance Minister Nirmala Sitharaman on Tuesday said the last date for filing of income tax return for FY2018-19 has been extended to June 30. Also, interest rate on delayed payment has been cut to 9 per cent from 12 per cent, she told reporters here.

  • Economic package to deal with coronavirus crisis soon: FM

    Mar 24, 2020

    New Delhi, Mar 24: Finance Minister Nirmala Sitharaman on Tuesday said an economic package to help through the coronavirus lockdown will be announced very soon. She said an announcement on the package would be made sooner rather than later.

  • FIR against Coca Cola factory in Himachal Pradesh for operating in violation of lockdown order

    Mar 24, 2020

    Shimla, Mar 24: A case has been registered against a Coca Cola plant in Himachal Pradesh, operated by a separate entity, for running its factory in violation of an lockdown order issued to check the spread of coronavirus, officials said on Tuesday. Operation of all units barring those manufacturing essential commodities has been banned during the lockdown, they added.

  • Reliance Industries further Steps Up its Support to India's Fight Against Coronavirus

    Mar 23, 2020

    Mumbai, March 23: Reliance Industries Ltd. (RIL) has responded to its call-of-duty to be at the service of the nation 24x7 in our collective fight against Covid-19. RIL has already initiated a multi-pronged prevention, mitigation, and ongoing support strategy that is comprehensive, sustainable, and resilient. This approach can be ramped up further to scale as required by the nation.

  • Sensex halts 4-day bloodbath, zooms 1,627 pts; Nifty tops 8,700

    Mar 20, 2020

    Mumbai, Mar 20: Snapping its four-day losing streak, equity benchmark Sensex rallied over 1,627 points on Friday in line with global stocks as governments across the world took drastic measures to combat the economic blowback of Covid-19. Domestic sentiment turned positive on hopes of a stimulus package after Prime Minister Narendra Modi announced a financial task force to help sectors battered by the pandemic, experts said.

  • Walmart to hire 150,000 workers as virus spreads in US

    Mar 20, 2020

    San Francisco, Mar 20: Walmart plans to hire 150,000 people to meet increased demand during the coronavirus crisis and will pay out 365 million in bonuses, the US retail giant said. "These roles will be temporary at first, but many will convert to permanent roles over time," it said. The firm added it would pay 300 bonuses to full-time employees and 150 to those part-time.

  • Sensex rallies over 1,800 pts; Nifty reclaims 8,700 level

    Mar 20, 2020

    Mumbai, Mar 20: Equity benchmark Sensex soared over 1,800 points in afternoon session on Friday amid hopes of a stimulus package as Prime Minister Narendra Modi announced a financial task force to combat the Covid-19 pandemic's economic fallout. After starting on a volatile note, the BSE barometer was trading 1,848.07 points or 6.53 per cent higher at 30,136.30 at 1330 hours. Similarly, the NSE Nifty was trading 515.50 points, or 6.

  • Rupee recovers 34 paise to 74.78 against USD in early trade

    Mar 20, 2020

    Mumbai, Mar 20: The Indian rupee recovered 34 paise to trade at 74.78 against the US dollar in early deals on Friday following dollar selling by exporters. The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.65 per cent to 102.08, helping the rupee trade higher. The domestic unit had closed at 75.12 against the US currency on Thursday.

  • Sensex starts over 500 pts higher, Nifty above 8,200 level

    Mar 20, 2020

    Mumbai, Mar 20 : Equity benchmark Sensex surged over 500 points in opening session on Monday on hopes of an economic stimulus after Prime Minister Narendra Modi announced a financial task force to take necessary actions to combat the Covid-19 pandemic's economic blow. The indices, however, succumbed to profit-booking at higher levels as concerns remained over the rising cases of the novel coronavirus (Covid-19), traders said.

  • Sensex ends 581 pts lower; Nifty below 8,300

    Mar 19, 2020

    Mumbai, Mar 19: Equity benchmark Sensex ended 581 points lower in a highly volatile session on Thursday amid heightened fears of a global recession triggered by the Covid-19 pandemic. The rupee plummeted 81 paise to 75.07 against the US dollar during the day. After briefly turning positive in afternoon trade, domestic indices fell in tandem with Asian peers, with the BSE barometer Sensex settling 581.28 points or 2.

  • Gold rises Rs 31; silver declines by Rs 190

    Mar 19, 2020

    New Delhi, Mar 19: Gold on Thursday gained Rs 31 to Rs 40,718 per 10 gram in the national capital amid sharp rupee depreciation, according to HDFC Securities. On Wednesday, it had closed at Rs 40,687 per 10 gram. Silver, however, declined by Rs 190 to Rs 35,444 per kg against the previous close of Rs 35,634 per kg.

  • IndiGo announces pay cut for senior employees, CEO takes 25% cut

    Mar 19, 2020

    New Delhi, Mar 19: IndiGo CEO Ronojoy Dutta announced on Thursday that the airline was instituting pay cuts for senior employees and he would himself take the highest cut of 25 per cent amid the novel coronavirus pandemic that has hit the aviation industry hard. "With the precipitous drop in revenues, the very survival of the airline industry is now at stake," Dutta said in his email to employees.

  • Sebi gives 45-day relaxation to cos for filing Q4 results amid COVID-19 concerns

    Mar 19, 2020

    New Delhi, Mar 19: Markets regulator Sebi on Thursday gave relaxation of 45 days to companies for filing fourth-quarter financial results and one-month extension to file results for 2019-20. Besides, relaxation of one month has been given for filing quarterly corporate governance report and three weeks each for shareholding pattern and statement of investor complaint reports, the regulator said in a circular.

  • Sensex plummets over 2,100 pts; Nifty drops below 7,900

    Mar 19, 2020

    Mumbai, Mar 19: Equity benchmark Sensex plummeted over 2,100 points and the Nifty gave up the 7,900 level in opening session on Thursday as global gloom over the Covid-19 pandemic continued to hammer equities. The rupee too depreciated 60 paise to 74.87 against US dollar in morning session. After sinking over 2,152 points, the BSE barometer was trading 1812.19 points or 6.28 per cent lower at 27,057.32 at 0930 hours.

  • Rupee falls below 75 level against US dollar amid coronavirus scare

    Mar 19, 2020

    Mumbai, Mar 19: The Indian rupee weakened further and fell below 75 level against the US dollar on Thursday amid sharp rise in coronavirus cases in the country and weak domestic equities. Forex traders said market participants are concerned that rise in coronavirus cases, which has touched 169 in the country according to the Health Ministry, could weigh on the economy. The rupee which opened on a weak note at 74.

  • Oil rally loses steam as ECB move fails to calm markets

    Mar 19, 2020

    Singapore, Mar 19: Oil prices pulled back from a massive early rally Thursday as a plan by the European Central Bank to buy huge amounts of bonds failed to calm coronavirus-ravaged markets. US benchmark West Texas Intermediate had surged more than 17 percent at the open in Asian trade, recouping enormous losses Wednesday when prices hit 18-year lows.

  • Yes Bank: Anil Ambani appears before ED in Mumbai

    Mar 19, 2020

    Mumbai, Mar 19: Reliance Group Chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA). Ambani's nine group companies are stated to have taken loans of about Rs 12,800 crore from the bank that reportedly were under "stress".

  • Sensex plummets over 2,100 pts: Nifty drops below 7,900

    Mar 19, 2020

    Mumbai, Mar 19 : Equity benchmark Sensex plummeted over 2,100 points and the Nifty gave up the 7,900 level in opening session on Thursday as global gloom over the Covid-19 pandemic continued to hammer equities. The rupee too depreciated 60 paise to 74.87 against US dollar in morning session. After sinking over 2,152 points, the BSE barometer was trading 1812.19 points or 6.28 per cent lower at 27,057.32 at 0930 hours.

  • Jio's eSIM service now available on the new Motorola Razr

    Mar 18, 2020

    Motorola razr pre-booking in India started on 16th March 2020 Mumbai, March 18: Jio has announced eSIM service support on the recently launched Motorola razr, which is the first-ever clamshell-style foldable display smartphone in the world. Jio’s eSIM service allows Motorola razr users to make and receive calls, use data and applications on the Jio network, without a physical SIM card.

  • Yes Bank resumes operations; all banking services available for customers now

    Mar 18, 2020

    Mumbai, March 18: Yes Bank on Wednesday said it has resumed operations, and all its banking services are available for its customers now. "Our banking services are now operational. You can now experience the full suite of our services. Thank you for your patience and co-operation. #YESforYOU @RBI @FinMinIndia," the lender tweeted.

  • Gold gains Rs 311 on higher demand, rupee depreciation

    Mar 18, 2020

    New Delhi, Mar 18: Gold prices on Wednesday rose by Rs 311 to Rs 40,241 per 10 gram in the national capital amid rupee depreciation and higher buying, according to HDFC Securities. The precious metal had closed at Rs 39,930 per 10 gram on Tuesday. "Spot gold for 24 karat in Delhi was trading up by Rs 311, reflecting Tuesday's gains of international gold prices.

  • Sensex crashes 1,709 pts; Nifty tanks below 8,500

    Mar 18, 2020

    Mumbai, Mar 18: Equity benchmark Sensex plunged over 1,709 points on Wednesday as talks of stimulus measures to cushion the economic blow of the Covid-19 pandemic failed to cheer markets across the globe. The BSE barometer swung over 2,488.72 points in a highly volatile session, before ending 1,709.58 points or 5.59 per cent lower at 28,869.51. Similarly, the broader NSE Nifty settled 498.25 points, or 5.56 per cent, down at 8,468.80 .

  • WTI oil price slides to lowest in 17 years

    Mar 18, 2020

    London, Mar 18: Benchmark WTI oil slumped to the lowest level since 2003 to just above USD 25 per barrel as the coronavirus slashes global demand for crude. WTI slid to USD 25.08 per barrel at one point before recovering slightly to trade at USD 25.55, down 5.19 percent on Tuesday's close. Brent North Sea oil was down 3.0 percent at USD 27.88 per barrel.

  • Telecom shares crack; Vodafone Idea plunges 40 pc

    Mar 18, 2020

    New Delhi, Mar 18: Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 per cent, after the Supreme Court pulled up the Centre and telcos for doing self-assessment or reassessment of the AGR dues fixed by the apex court. Vodafone Idea plunged 40 per cent to Rs 2.91 and Bharti Airtel declined 5 per cent to Rs 431.25 on the BSE. Both the companies erased their early gains and were trading with losses.

  • Sensex plummets over 1,200 pts; Nifty below 8,700

    Mar 18, 2020

    Mumbai, Mar 18: Equity benchmark Sensex plunged over 1,200 points in afternoon session on Wednesday as global markets failed to hold on to early gains and resumed their downward spiral. The rupee too receded from morning highs depreciating 5 paise to 74.29 against US dollar. Investor gloom returned despite signals of massive stimulus packages by federal governments, traders said.

  • Rupee rises 32 paise to 73.92 against US dollar in early trade

    Mar 18, 2020

    Mumbai, Mar 18: The Indian rupee appreciated by 32 paise to 73.92 against the US dollar in early trade on Wednesday tracking positive opening in domestic equities. At the interbank foreign exchange the rupee opened at 73.98, then gained further ground and touched a high of 73.92 against the US dollar, registering a rise of 32 paise over its previous close. On Tuesday, rupee had settled at 74.24 against the greenback.

  • Sensex starts over 500 pts higher, pares gains on profit-booking

    Mar 18, 2020

    Mumbai, Mar 18: Equity benchmark Sensex surged over 500 points in opening session on Wednesday as global markets turned positive on hopes of stimulus packages by governments world over to cushion the economic blow of the Covid-19 pandemic. However, invertors began booking profits pushing the BSE barometer in the red. The index pared all gains to trade 48.36 points or 0.16 per cent lower at 30,530.73 after jumping 522,68 points at open.

  • Gold falls Rs 80, silver prices decline by Rs 734

    Mar 17, 2020

    New Delhi, Mar 17: Gold on Tuesday went lower by Rs 80 to Rs 39,719 per 10 gram in the national capital following weak global cues and rupee appreciation, according to HDFC Securities. "Spot gold for 24 Karat in Delhi were trading lower by Rs 80 with weak global cues and rupee appreciation. The spot rupee was trading around 17 paise stronger against the dollar during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

  • Sensex tanks 811 pts in fag-end selloff; Nifty ends below 9,000

    Mar 17, 2020

    Mumbai, Mar 17: Equity benchmark BSE Sensex plunged 811 points in fag-end selloff on Tuesday after a see-saw session as the coronavirus pandemic-led recession fears kept investors jittery. After opening on a positive note, the 30-share index gyrated 1,653 points during the day. It finally settled 810.98 points or 2.58 per cent lower at 30,579.09. Likewise, the broader NSE Nifty slumped 230.35 points or 2.50 per cent to close at 8,967.05.

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