[ad_1] Stock Market Today LIVE Updates: Benchmarks Erase Initial Gains; gasoline price up to Rs 1.67, diesel Rs 7.10 per liter in Delhi NY: A late Wall Street rally is expected to drive Asian stocks higher on Tuesday after technology stocks and oil rose easing coronavirus restrictions and prospects for …
Read More »India’s manufacturing sector activity hits record low in April amid shutdown: PMI
[ad_1] NEW DELHI: Activity in the country’s manufacturing sector witnessed an unprecedented contraction in April amid national closure restrictions, after which new business orders collapsed at a record pace and companies dramatically reduced their number of employees, a monthly survey said Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing …
Read More »India ready with power sector reforms
[ad_1] NEW DELHI : Reflecting India ’strategy of using the crisis to initiate reforms, Prime Minister Narendra Modi took a meeting of the power sector on Friday where various long-term reforms were discussed. The National Democratic Alliance (NDA) government has readied a raft of power sector reforms, including implementing the …
Read More »The growth of the central sector falls from the maximum in February, contracting 6.5% in March
[ad_1] NEW DELHI : India’s eight infrastructure sectors contracted by a record 6.5% in March after hitting an 11-month high in February, hit by a national blockade to stem the spread of covid-19. Data released by the industry department on Thursday showed sectors including crude oil (-5.5%), natural gas (-15.2%), …
Read More »IT sector revenue growth may reach a minimum of decades due to Covid-19: Crisil
[ad_1] Mumbai: The Indian IT sector is seeing revenue growth slipping to a minimum of decades of up to 2 percent and an impact on profitability due to narrowing margins due to the COVID-19 pandemic, he said a report on Friday. Companies will lose new deals, which will jeopardize future …
Read More »jio deal on facebook: Facebook buys a 9.99% stake in Reliance Jio for Rs 43,574 cr, the largest FDI in India’s tech sector
[ad_1] The main Facebook social networks will invest Rs 43,574 million in Jio Platforms, a unit of Reliance Industries, with a 9.99% stake. The investment will value Jio Platforms, a digital application platform, at Rs 4.62 lakh crore. “Reliance Industries Limited (” Reliance Industries “), Jio Platforms Limited (” Jio …
Read More »Aviation sector may escape phase 2 lockdown, but restrictions apply: sources
[ad_1] Blockade of India: The aviation industry has been the most affected in the global blockade by the coronavirus. Highlight The aviation industry is the most affected in the global closure Recommendation made to facilitate the blockade for the aviation sector From now on, only cargo flights, special flights that …
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