New Delhi, Mar 20 (PTI) Following are the top business stories at 1900 hours: DEL151 BIZ-LD STOCKS Relief rally: Markets snap 4-day bloodbath on stimulus hopes Mumbai, Mar 20 (PTI) Snapping its four-day losing streak, equity benchmark Sensex rallied over 1,627 points on Friday in line with global markets as governments across the world took drastic measures to combat the economic blowback of Covid-19.
DEL131 BIZ-GOLD-PRICE Gold prices zoom Rs 1,395 tracking rally in international markets New Delhi, Mar 20 (PTI) Gold prices on Friday jumped Rs 1,395 to Rs 41,705 per 10 gram in the national capital following rally in the international prices of the precious metal, according to HDFC Securities.
DEL99 BIZ-VIRUS-TRADERS Traders across India to down shutters in response to Janata Curfew on Sunday:CAIT New Delhi, Mar 20 (PTI) Traders across India will keep their establishments shut on Sunday in response to the Prime Minister's call for a self-imposed 'Janata Curfew', traders' body CAIT said on Friday.
DEL189 BIZ-VIRUS-RBI-OMO Coronavirus: RBI to inject Rs 30,000 cr liquidity into market next week Mumbai, Mar 20 (PTI) The Reserve Bank of India (RBI) will inject liquidity of Rs 30,000 crore through open market operations next week to maintain financial stability in the system in the wake of the coronavirus outbreak.
DCM39 BIZ-VIRUS-SEBI-MEASURES Sebi comes out with measures to contain high market volatility New Delhi, Mar 20 (PTI) Regulator Sebi on Friday came out with various measures, including revision of market wide position limit, to ensure orderly trading and settlement, amidst continuing volatility in the securities market.
DEL181 BIZ-RUPEE CLOSE Rupee drops by 8 paise to fresh record low of 75.20 vs USD Mumbai, Mar 20 (PTI) The rupee gave up its day's gains to settle 8 paise lower at a fresh life-time low of 75.20 against the US dollar on Friday as forex market continued to grapple with economic uncertainties due to fast-spreading coronavirus pandemic.
DCM37 BIZ-STOCKS-WEALTH Investor wealth jumps Rs 6.32 lakh cr as mkts rally after falling for 4 days New Delhi, Mar 20 (PTI) Investor wealth jumped by Rs 6,32,362.29 crore on Friday as markets made a strong comeback after four days of massive fall.
DCM35 BIZ-VIRUS-CII-STIMULUS CII writes to PM seeking fiscal stimulus, tax cuts to combat coronavirus impact on economy New Delhi, Mar 20 (PTI) Industry body CII on Friday pressed for a fiscal stimulus of Rs 2 lakh crore besides a slew of tax cuts and reduction in interest rates to combat the impact of coronavirus on the industry as well as the economy.
DEL41 BIZ-CORONAVIRUS-FITCH-INDIA Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY’21 New Delhi, Mar 20 (PTI) Fitch Ratings on Friday cut India's growth forecast to 5.1 per cent for FY 2020-21, saying the coronavirus outbreak is likely to hit business investment and exports.
DCM10 BIZ-AIR INDIA-NRI DPIIT notifies decision to permit NRIs to own up to 100 pc stake in Air India New Delhi, Mar 20 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a decision of the union cabinet to allow non-resident Indians (NRIs) to control up to 100 per cent stake in disinvestment-bound Air India. PTI HRS