Gold futures rise on spot demand
June 24, 2020 15:14 ISTGold prices on Wednesday rose by Rs 118 to Rs 48,350 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.
Gold prices on Wednesday rose by Rs 118 to Rs 48,350 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.
Mumbai-based drugmaker Cipla on Tuesday announced that it will price 'Cipremi', its generic version of Gilead Sciences Inc's antiviral drug remdesivir for use in Covid-19 patients, at less than ₹5,000 ($66) per 100mg vial.
Amid ongoing phishing or cyberattack, Reserve Bank of India (RBI) on Wednesday warned citizens of fraudulent transactions. Due to coronavirus lockdown, online banking has seen a massive boom as it becomes the major source of carrying financial transaction.
Under the programme, customers would get a range of benefits on purchase of additional car, service, Maruti Insurance, accessories, customer referrals, and several other association benefits with the company.
The government has relaxed norms of having in-house testing for three kinds of Personal Protective Equipments (PPEs) to promote the supply of quality gears during the ongoing COVID-19 pandemic, according to an official order.
In the previous session, the BSE barometer rallied 519.11 points, or 1.49 per cent, to close at 35,430.43; while the NSE Nifty soared 159.80 points, or 1.55 per cent, to end at 10,471.
Petrol, Diesel Price Hike: The prices of petrol and diesel have increased in the national capital by Rs 8.50/litre and nearly Rs 10.48/litre, respectively, over the past 18 days.
State-owned Union Bank of India on Tuesday reported narrowing of its standalone net loss to Rs 2,503.18 crore in the fourth quarter ended March 2020. The bank had posted a net loss of Rs 3,369.23 crore during the same quarter of the previous financial year.
Businessman Anil Ambani on Tuesday claimed he had not given any personal guarantee for a borrowing made by Reliance Communications (RCom) from three Chinese banks against the backdrop of a UK court directing him to pay USD 717 million to the three lenders.
Richest Indian Mukesh Ambani kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for 12th year on the trot in the fiscal ended March 31 and has decided to forego the entire remuneration from the current year in view of the COVID-19 pandemic.
Pharma major Cipla will price its generic version of antiviral drug remdesivir at less than Rs 5,000 per vial in keeping with its conviction of providing access to the medicines at affordable cost, the company said on Tuesday.
Auto volumes are expected to recover partly in the second half of the ongoing financial year as sales gradually increase after the easing of lockdown measures since May, Fitch Ratings has said.
The US move to suspend work visas like H-1B till year-end may hurt the Indian IT firms' margins as they will have to resort to more expensive local hiring to replace Indians, according to analysts.
Coronil, a newly launched ayurvedic medicine to treat coronavirus will soon hit the Indian markets. The coronavirus kit, comprising of two tablets and a liquid, was launched by Swami Ramdev at Patanjali Yogpeeth in Haridwar on Tuesday.
Gold prices fell by Rs 57 to Rs 48,931 per 10 gram in the national capital on Tuesday due to weakness in global prices and rupee appreciation, according to HDFC Securities.
The government is considering basic customs duty of around 20 per cent on solar energy equipment to provide an edge to domestic manufacturers and discourage imports, particularly from China.
In what comes as a ray of hope for international travel, the Ministry of Civil Aviation is considering travel requests from several countries. It is looking at the possibility of establishing individual "bilateral bubbles" like of India-US, India-France, India-Germany, India-UK.
Tuesday saw the announcement of an ayurvedic medicine to cure coronavirus. Named "Coronil", the medicine to treat the deadly coronavirus was launched by Yoga Guru Swami Ramdev and Acharya Balkrishna at Patanjali Yogpeeth in Haridwar.
Rising for the fourth straight session, the BSE Sensex rallied over 519 points on Tuesday following reports that Indian and Chinese armies reached a consensus to de-escalate tensions on the border.
The country's farm trade, which was disrupted during the COVID-19 lockdown due to logistic issues in March-June, is expected to rebound in the second half of the calendar year 2020, said analytics firm Fitch Solutions in its latest report.
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