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WPI inflation falls for third consecutive month, contracts 1.81% in June

by pallanus | Jul 14, 2020 | Business News

Prices in the wholesale market fell for the third straight month, declining 1.81 per cent in June, due to sharp decline in fuel and power items even as food articles remained expensive. Inflation in May and April was (-) 3.21 per cent and (-) 1.57 per cent,...

Sensex, Nifty slip as virus worries grow, lenders, auto stocks drag

by pallanus | Jul 14, 2020 | Business News

The broader NSE Nifty 50 index closed down 1.81% at 10,607.35 and the benchmark S&P BSE Sensex ended 1.8% lower at 36,033.06, dragged by losses in banking and auto stocks. File image: Reuters Indian shares ended lower on Tuesday on growing concerns about rising...

Covid-19 crisis triggers new debate among Air India unions

by pallanus | Jul 14, 2020 | Business News

Days after two pilot unions of Air India wrote to Air India CMD on tackling financial stress during the coronavirus pandemic, two other bodies — Aviation Industry Employees Guild and All India Service Engineers Association — have termed the suggestions as...

Mukesh Ambani becomes 6th richest man in world as Reliance shines

by pallanus | Jul 14, 2020 | Business News

According to the index, Ambani’s net worth now stands at $72.4 billion. In terms of net worth, Ambani is just behind American businessman Steve Ballmer who has a net worth of $74.6 billion.  Reliance Chairman Mukesh Ambani. (Photo: Reuters) Reliance Industries Limited...

Domestic markets slip as virus fears persist; banks, financial stocks drag

by pallanus | Jul 14, 2020 | Business News

The broader NSE Nifty 50 index fell 0.68% at 10,729.75 by 9:15 am and the benchmark S&P BSE Sensex was down 0.74% at 36,423.79. Coronavirus cases in India rose to 9,06,752 as of Tuesday morning, triggering fresh fear among investors (Photo: Reuters) Indian shares...
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