Business

The standoff at Galwan valley has stirred an anti-China sentiment in the country. Protesters and some trade bodies like CAIT have called for boycott of Chinese products.

The RBI will carry out the oversight activity through monitoring existing and planned systems, assessment of the FMIs and RPSs against the oversight objectives, and inducing change for improvements, where necessary.

Petrol price in Delhi was hiked to Rs 73.00 per litre from 72.46, while diesel rates were increased to Rs 71.17 a litre from Rs 70.59, according to a price notification of state oil marketing companies.

The Bhartiya Mazdoor Sangh, a central trade union affiliated to the RSS, has called this agitation by all its units associated with the public sector in protest against the government's privatisation policies.

In the third trance, the RBI has fixed the issue price of the Sovereign Gold Bond Scheme 2020-2 at Rs 4,677 per gram of gold. Those who are using digital mode to purchase and pay will get a discount of Rs 50 per gram.

During the last week, Sensex surged 1,863.14 points or 5.74 per cent. Market analysts attributed the upmove to positive sentiment generated from gradual lifting of lockdowns across countries.

On the subject of cash transfers, Subramanian said that it may not have the impact that is required and added that the government is focusing more on supporting MSMEs.

The government an ordinance to amend the Insolvency and Bankruptcy Code (IBC) wherein fresh insolvency proceedings will not be initiated for defaults on account of the pandemic.

Spot gold was down 0.2 per cent at $1,708.07 per ounce as of 0700 GMT, while US gold futures slid 0.9 per cent to $1,711.80.

Schemes already approved under the Budget will also stay suspended till March 31, the finance ministry said and asked all ministries to stop sending requests for new schemes.

This means operators will have a free hand in fixing charges for such bulk SMSes by non-commercial users, and Trai's practice of forbearance will extend to such messages too, an official explained.

The storages at Mangalore and Padur were half-empty and there was some space available in Vizag storage as well. These were filled by buying oil from Saudi Arabia, the UAE and Iraq.

Whereas Moody's in April estimated 9 per cent of project and infrastructure companies had high exposure to coronavirus disruptions, this number has now declined to 5 per cent.

The downgrade was unlikely to result in any immediate repercussions on exchange rates and bond spreads immediately on India offshore bonds, the report said

Jhunjhunwala, who is based in Mumbai, ventured into the stock market with a few thousand rupees but went on to become a billionaire, who has amassed a fortune by investing in stocks

This comes in the backdrop of two Indian pharmaceutical companies -- Cipla and Hetero Labs -- applying to the drug regulator seeking permission to manufacture and sell remdesivir in India.