Business

Remaining risk-averse amid the coronavirus pandemic, overseas investors have withdrawn net Rs 10,347 crore from Indian capital markets in April so far.

The company's CEO said each employee would spend only 25 per cent of their working time in office and this would also help save on office space.

Asia's fourth-largest economy is among the first countries to bring a major outbreak of the virus under control, with a vigorous without mandatory lockdowns or a gigantic debt-funded rescue package.

The funds are Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund.

All the 11 major S&P 500 sector indexes were trading higher, as the U.S. Senate approved a relief package of $484 billion, adding to trillions of dollars in stimulus that have helped Wall Street rebound from its March lows.

This is the second consecutive month that Indian refiners have sharply cut imports of term crude supplies as space to store excess oil ran out.

The deal will help the Indian oil-to-telecom conglomerate cut debt and boost its new online grocery marketplace JioMart.

The income tax department has sent e-mails to 1.72 lakh assessees, including start-ups, companies and individuals, who have outstanding tax demands as well as tax refunds asking them to provide as update on the payment.

In India’s case, CAPA India estimated in late March that the country’s industry could incur a loss of USD 3.3 to USD 3.6 billion if flight operations remained halted till the end of June.

On BSE, the scrip of the company closed 5.32 per cent higher at Rs 1,806.80 after advancing 7.94 per cent to Rs 1,851.85 during the day.

State Industries Minister Subhash Desai proposed to restart industrial production from districts excluding Mumbai and Pune, categorised as red zones due to a large number of cases.

A day after the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia agreed to reduce output by 9.7 million barrels per day (bpd) in May and June - equal to nearly 10% of global supply.

Spot gold slipped 0.4% to $1,681.49 per ounce by 0239 GMT. U.S. gold futures fell 1.4% to $1,728.40.

If the current bounce holds, that could mean the biggest gains are already in the rear-view mirror. For some investors, however, arriving late is a reasonable price to pay for worrying less about the possibility of a market reversal.

According to the poll, inflation will continue to edge lower and food prices will drop due to due to the nationwide lockdown to curb the spread of coronavirus in India.

Fewer US stocks are hitting new 52-week lows. Liquidity in fixed-income markets has improved, and credit spreads, while still wide, have come in from their March highs.