Business

More than 400 lucky Moneycontrol Pro users have won Amazon gift vouchers. Subscribe to Pro and enter contest to win.

The Yes Bank scrip spiked up to 28 per cent to Rs 27.20 on the BSE. On the NSE, it jumped by similar margins to Rs 27.20.

For the most part, oil is a top income source for OPEC members and such a dramatic fall in prices will put a strain on their economies, some of which such as Iran and Venezuela, are already on the brink.

Experts agree that despite SBI stepping in and RBI’s measures to stabilise things at YES Bank, there could still be large-scale withdrawal by depositors due to erosion of confidence.

The take over of Yes Bank by India's central bank last week comes against the backdrop of a string of scandals in the country's financial sector in the last couple of years - from a $2 billion fraud at a large state-owned bank to mismanagement of funds at...

China's exports contracted sharply in the first two months of the year while imports declined, data showed on Saturday, as the virus caused massive disruptions to business operations, global supply chains and economic activity.

The ferocious sell-off in the oil markets was sparked by top exporter Saudi Arabia slashing prices — in some cases to unprecedented levels — after a bust-up with Russia over oil production.

The market capitalisation (m-cap) of RIL plummeted Rs 37,144 crore to Rs 8,05,118.67 crore, taking the biggest hit among the top-10 firms for the week ended Friday.

The downgrade "is a result of an event of default triggered by the RBI 30-day moratorium, which prevents Yes Bank from making a full and timely payment to its senior creditors, Moody's said in a statement.

In London morning deals, Brent North Sea crude dived to USD 47.02 per barrel, the lowest levels since July 2017. WTI tumbled to USD 43.28 — the lowest since late 2018.

Yes Bank was placed under a moratorium Thursday evening, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

Some FMCG firms are also educating consumers by engaging their brands to communicate with the consumers, through special campaigns on digital and mainstream media, to make them aware about the benefits of regular hands wash as prevention for coronavirus.

At the end of March 2019, LIC had a market share of 74.71 per cent in number of policies and 66.24 per cent in first year premium income.

Eicher Motors Ltd shares zoomed nearly 5% after the company’s total 2-wheeler (Royal Enfield) sales rose 1% to 63,536 units in February 2020 as against 62,630 units in February 2019.

The government last week decided to lift nearly six-month-old ban on export of onions as prices are likely to fall sharply due to bumper rabi crop. The ban was imposed after the prices of the commodity skyrocketed.

Rajeev Suri was leading Nokia Solutions and Networks, the smaller network equipment unit of Nokia, before the firm sold its handset business to Microsoft in a $7.2 billion deal.