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    RBI announces further measures to deal with Corona crisis, WMA limit of states/UTs increased by 30%

    Mumbai: Close on the heels of a sharp cut in interest rates and other measures, RBI on Wednesday announced few other measures for dealing with the COVID-19 pandemic. The new measures include Extension of realisation period of export proceeds, 30% increase in Way and Means Advances (WMA) of States/UTs and implementation of the countercyclical...

    • 4 hrs ago
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    Maruti Suzuki's March domestic sales plunge 48% on Lockdown

    Biznextindia : Maruti Suzuki India Limited, India's market leader in passenger car segment has reported 47.9% drop in domestic sales at 76,976 units in March as against 147,613 units in March 2019. The company's exports have also dropped by 55% to 4712 units, as against 10,463 units in March 2019. The company has attributed the sharp plunge in sales to the nationwide lockdown...

    • 7 hrs ago
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    How to avail the 3-month moratorium on SBI loans?

    Bhubaneswar: As per RBI instruction, PSU banks including SBI have announced a 3-month moratorium on all types of term loans. This step by banks will enable borrowers to defer their EMIs for 3 months. The facility will be applicable for all Term Loans in all the Segments, irrespective of the Segment and the tenor of the Term Loans. SBI customers can avail this facility in the following way....

    • 8 hrs ago
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    How Telecom Operators helping subscribers during the Lock-down

    While India is under lockdown for 21 days, Telecom operators are coming up with unique plans to help people in this time of distress. While, Reliance Jio is offering free Calls and SMS to Jiophone users, its competitor Airtel has extended the pre-paid pack validity till April 17th, 2020. According to the press release issued by Jio, it is offering 100 minutes of calls and 100 SMS...

    • 21 hrs ago
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    PSU Banks announce 3-month moratorium on term loan till 31st May

    Biznextindia : Following RBI announcement on 3-month moratorium on term loans, several public sector banks including have decided to pass on the benefit to the customers. The banks who have announced 3-month moratorium on term loans include State Bank of India, UCO Bank, Bank of Baroda, Indian Bank, Punjab National Bank (PNB), and Corporation Bank, Union Bank of India, Allahabad...

    • yesterday
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    Markets close weak : Sensex drops 1375 points, Nifty closes below 8300

    Mumbai: Indian benchmark indices closed weak on Monday, March 30 with the Sensex closed below 28500 points and Nifty below 8300 points. At close, the Sensex was down 1,375.27 points or 4.61% at 28440.32, and the Nifty was down 379.15 points or 4.38% at 8281.10. While, Bajaj Finance, HDFC, Kotak Mahindra Bank, HDFC Bank, Tata Steel and ICICI Bank were among major losers on the...

    • 2 days ago
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    Coronavirus Pandemic to have limited impact on our quarterly numbers: HCL

    Biznextindia : Leading, Indian Technology firm HCL on Monday said that the ongoing market disruptions due to Coronavirus pandemic is likely to have limited impact on its quarterly numbers as its exposure to the impacted verticals are not significant. "While the impact on this quarter's numbers is yet to be quantified, we don't expect it to be significant....

    • 2 days ago
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    India's COVID19 recovery cases touch 100 as total cases soar to 1071

    Bhubaneswar: While, the number of COVID19 cases in India is nearing 1100, the good news is, total number of recovery cases has touched 100, also almost all the active patients are in mild condition. Worldwide, recovery cases has also surpassed 1.5 lakh mark. According to the data released by the ministry of Health & Family Welfare, India's total COVID19 cases has...

    • 2 days ago
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    No plan to extend the Lockdown, Says India's top bureaucrat

    New Delhi : Rejecting media reports, The government of India on Monday made it clear that there is no plan to extend the lockdown. " There are rumours & media reports, claiming that the Government will extend the Lockdown when it expires. The Cabinet Secretary has denied these reports, and stated that they are baseless" said a government statement. " I am surprised to...

    • 2 days ago
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    Benchmark indices drop over 3%, Sensex plunges over 1000 points, Nifty opens below 8400

    Mumbai : Benchmark indices plunge over 3% in the opening trade on fears of global financial meltdown due to the Coronavirus Pandemic. The S&P BSE Sensex is down 1,044.28 points or 3.50% at 28771.31, and the NSE Nifty down 298.80 points or 3.45% at 8361.45. About 225 shares have advanced, 670 shares declined, and 67 shares are unchanged. Among top losers...

    • 2 days ago

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