Sensex rallies 1,028 pts, Nifty below 8,600; energy, FMCG stocks soar

ITC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by Reliance Industries, ONGC, Tata Steel, Tech Mahindra

Borrowers woried after EMI reminders for loans despite RBI's three-month moratorium

Many borrowers, credit cardholders received SMS from their lenders reminding them to maintain sufficient balance on the due date

SpiceJet to cut 10-30% salary of all employees in March amid covid19 lockdown

Most Indian carriers have already announced a pay cut for their employees

Govt extends validity of lower withholding tax orders by 3 months till June

Order also prescribes a 10 per cent withholding tax rate on payments to Non-Residents having Permanent Establishment in India

RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions

Fitch Solutions said consumer price inflation returning back to the RBI's 2-4 per cent target range will permit further monetary easing

Mahindra suspends manufacturing operations amid coronavirus scare

We are carefully monitoring the rapidly evolving COVID-19 pandemic and will continue to take swift and appropriate action: Statement

Suzuki Motor extends plant closure till Apr 14

Following the latest government directive on the COVID-19 situation, Suzuki Motor Gujarat extend plant shutdown till April 14, 2020

COVID-19 fear: Hero MotoCorp, Fiat halts production till 31st March

The company has decided to halt operations at all its global manufacturing facilities – including in India, Colombia and Bangladesh

Green tech for mass adoption to be Maruti's focus at Auto Expo: Ayukawa

Maruti Suzuki India (MSI) will also introduce BS-VI emission norm compliant version of its compact SUV Vitara Brezza.

Auto sales fail to enthuse stock markets

Auto makers, however, saw a pick up in sales during the Diwali season.

Consider my offer to repay Kingfisher Airlines’ dues: Mallya asks FM

Mallya sought government help and said, "we are not sending employees home and paying the idle cost. Government has to help."

Covid 19: TVS Motor pledge Rs 25 crore to PM's Relief Fund

TVS Motor Company on Monday announced their commitment to donate Rs 25 crore to the PM's Relief Fund to aid the battle against COVID-19

TRAI asks telcos to extend prepaid validity so users get uninterrupted services

Telecom Regulatory Authority sought details of the steps taken to ensure uninterrupted telecom services to customers on a "priority basis"

Donations to PM’s fund covered under CSR spending: Corporate Affairs Ministry

The ministry issued a memorandum clarifying that money donated by corporates considered as Corporate Social Responsibility expenditure

RBI Chief urges depositors against panic withdrawals

The move is expected to benefit over 1,30,000 Cognizant employees in India

Asian development bank to invest $100 mn in Indian infrastructure sector

The investment announcement comes at a critical time for India, as economic growth is feared to be taking a heavy hit due to coronavirus

China slashes rate, adds $7 bn to banking system to counter virus

People's Bank of China said it launched a 50-billion-yuan reverse repurchase operation and lowered seven-day reverse repurchase rate

Singapore central bank eases monetary policy amid covid19 pandemic

Monetary Authority of Singapore was supposed to issue its next policy statement in April but brought it forward due to covid 19 impact

Union Bank expects Rs 2,500 cr benefits due to amalgamation: CEO

Amalgamation will create an employee base of 75,000, of which 37,000 are from Andhra Bank and Corporation Bank put together

Mega merger of state-run banks comes into force from April 1: RBI

The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan

Asian stocks rise after Wall Street rally but traders remain nervous

After another rally on Wall Street, which saw all three main indexes jump more than three percent, Asia picked up the baton

Oil prices rebound strongly from 18-year lows

Oil markets have plunged as governments across the planet introduce lockdowns to stem the spread of the virus

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

Tata Steel, HDFC, Axis Bank, M&M, Reliance Industries, ONGC, ITC, HCL Tech and Titan rallied up to 3 per cent

Sensex plummets 1,375 pts; Nifty ends below 8,300

Bajaj Finance was top in the Sensex pack, tanking nearly 12 per cent, followed by HDFC twins, Tata Steel, ICICI bank, Kotak Bank and Maruti

Rupee settles 70 paise lower at 75.59 against US dollar

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown

ICEA urges govt to allow online sale of mobile phones, PCs during lockdown

The industry body requested the government to allow service and maintenance outlets for mobile phones, laptops, computers and tablets

Tax dept asks officers working from home to chase large taxpayers for dues

The message came within days of Finance Minister Nirmala Sitharaman announcing three months extension for filing of income tax returns

Business hit hard for next three months

Almost all the sectors have suffered loss except emergency health care and pharma sector

Oil prices at 17-year lows as coronavirus ravages world

Oil markets have been plunging for weeks as lockdowns, travel restrictions imposed by governments worldwide strangle demand

India receives essential medical supplies from Jack Ma, Alibaba foundations

Besides India, the medical supplies will be donated to Azerbaijan, Bhutan, Kazakhstan, Kyrgyzstan, Uzbekistan and Vietnam