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Banks disbursed Rs 75,426 crore to coronavirus-hit MSME sector

by pallanus | Jun 22, 2020 | Business News

The Finance Ministry has put out data on loans disbursed under the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, hit hard by the coronavirus-induced lockdown. According to ministry data, cumulatively public and private sector...

Pharma powers Indian shares to three-month closing high

by pallanus | Jun 22, 2020 | Business News

Indian shares closed at a three-month high on Monday as domestic regulatory approvals to manufacture COVID-19 drugs lifted pharmaceutical stocks, outweighing the impact of a surge in domestic as well as global coronavirus cases over the weekend. The NSE Nifty 50...

Gold hits one-month peak as rising virus fears boost demand

by pallanus | Jun 22, 2020 | Business News

Gold jumped to its highest in more than a month on Monday as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery. Spot gold was up 0.5% at $1,751.63 per ounce by 0650 GMT after hitting its...

Global stocks try to shake off second wave virus fears

by pallanus | Jun 22, 2020 | Business News

After a brutal sell-off earlier this year, share prices had risen globally over the past three months, helped by massive stimulus around the world and hopes the worst of the pandemic was over. Global stock market sentiments remain mixed as growing fears about a second...

Global crude oil dips as demand concerns outweigh tighter supply measures

by pallanus | Jun 22, 2020 | Business News

Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers. Brent crude fell 10 cents, or 0.2%, to $42.04 a barrel by 0655 GMT, while U.S....
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