The move comes after another rating agency Moody’s earlier this month downgraded India’s sovereign rating by a notch to lowest investment grade of ‘Baa2’ for the first time in 22 years.
Chinese companies are likely to face the aftermath of the India-China border face-off and may lose business in India as the country prepare to punish China for its action at the Line of Control (LAC).
In the previous session, the BSE barometer settled 97.30 points, or 0.29 per cent, lower at 33,507.92, while the broader Nifty settled 32.85 points, or 0.33 per cent, down at 9,881.15.
Vedanta Resources Limited executive chairman Anil Agarwal has said that BHEL can produce best power plants in the world if its provided with full autonomy in order to cut dependency on China and move forward towards Atmanirbhar Bharat.
Petrol and diesel will now cost Rs 77.81/litre and Rs 76.43/litre respectively in the national capital, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer.
Incentivising R&D, empowering startups and making credit cheaper will help India in its journey towards self-reliance and make it a telecom and technology hub, industry executives said on Wednesday.
Markets watchdog Sebi has amended regulations to provide more leeway for companies to raise funds, including reducing the time gap between two qualified institutional placements to two weeks, amid the coronavirus pandemic.
The Reserve Bank on Wednesday proposed to double the minimum net owned fund (NOF) requirement for housing finance companies to Rs 20 crore and classification of such firms under its draft framework for these companies.
Tata-SIA-owned Vistara is in talks with the US aircraft maker Boeing to defer the deliveries of 787-900 (Dreamliner) planes as air travel demand is unlikely to rebound to the pre-COVID level before 2023, a source has said.
Ever since the government announced Unlock 1.0, vegetables' supply and demand along with their prices have increased.
The government's wheat procurement has touched an all-time record of 38.2 million tonnes so far in the 2020-21 marketing year, with Madhya Pradesh surpassing Punjab as the country's biggest wheat procuring state.
Gold prices rose marginally by Rs 18 to Rs 48,220 per 10 gram in the national capital on Wednesday, according to HDFC Securities.
Equity benchmark Sensex dropped 97 points on Wednesday in a volatile session amid concerns over border tensions with China and the impact of spiking coronavirus on economic recovery.
Mukesh Ambani's Reliance Jio is likely to capture 48 per cent of Indian mobile subscriber marketshare by 2025 with over half a billion users, Bernstein said in a report on Wednesday.
Interest rate waivers for bank loans during moratorium will harm the depositors, the All India Bank Depositors' Association (AIBDA) has said adding that interest waiver of any kind will dent the credit culture and also impact the financial health of banks.
Strong protest against the Chinese goods and products is building up in the country amid the rising tensions at the India-China Line of Actual Control (LAC) in Ladakh. The news of 20 Indian soldiers killed by the PLA in Galwan Valley has given rise to the call of Boycott Chinese Products/Goods.
Petrol and diesel will now cost Rs 77.28/litre and Rs 75.79/litre respectively in the national capital, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer.
Walmart-owned Flipkart will soon launch a new hyperlocal delivery service that will enable customers to receive items from nearby stores, according to sources.
Shares of Tata Motors on Tuesday fell by nearly 6 per cent after the company reported a consolidated net loss of Rs 9,863.73 crore in the fourth quarter ended March 2020. It tumbled 5.67 per cent to close at Rs 94.75 on the BSE. During the day, it tanked 8.41 per cent to Rs 92.
Gold in the national capital rose by Rs 761 to Rs 48,414 per 10 gram on Tuesday in-tandem with spike in international prices of the precious metal and rupee depreciation, according to HDFC Securities.
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