by pallanus | Jun 11, 2020 | Business News
Equity benchmarks finished with heavy losses on Thursday, in tandem with global markets, as the Fed’s sombre assessment of the US economy prompted investors to prune their exposure to risky assets. The 30-share BSE Sensex tumbled 708.68 points, or 2.07 per cent,...
by pallanus | Jun 11, 2020 | Business News
German airline Lufthansa said Thursday that it would have to slash 22,000 full-time jobs as it predicts a muted recovery in demand for travel following the coronavirus pandemic. “The recovery in demand in the air transport sector will be slow in the foreseeable...
by pallanus | Jun 11, 2020 | Business News
A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from the PSUs and said that its verdict in the case was misinterpreted as the issue of their dues based on AGR was not dealt with by the apex court. ...
by pallanus | Jun 11, 2020 | Business News
Petrol price has been increased in Delhi by 60 paise per litre and now Delhiites will have to pay Rs 74 for a litre of petrol. Diesel rate was also hiked by 60 paise per litre. A litre of diesel in the national capital will now cost Rs 72.22. The rise in fuel prices...
by pallanus | Jun 11, 2020 | Business News
In a challenge to the stock market’s recent optimism, the Fed predicted the US economy would shrink 6.5 per cent in 2020 and unemployment would still be at 9.3 per cent at year’s end. The Nifty banking index and the financial index fell 0.67 per cent and 1 per cent,...
