Varanasi (Uttar Pradesh), Apr 20 (ANI): Vehicular movement began at Daffi Toll Plaza on National Highway-2 in Varanasi on April 20. Precautions were taken by toll plaza workers amid coronavirus outbreak such as masks and sanitizers. Deputy Manager of Daffi Toll Plaza, Atul Sharma, said, "We have reduced our staff. We are operating only two lanes (cash and tag lanes).The toll booth operators are using masks and sanitizers. Distancing is also being observed." National Highways Authority of India (NHAI) resumed toll collection on national highways from today onwards.
New Delhi, Apr 20 (ANI): Equity benchmark indices were largely flat during early hours on Monday as Asian markets remained cautious ahead of the economic data that will mirror damage done by global coronavirus lockdown so far. At 10:15 am, the BSE S-P Sensex was up by 71 points or 0.22 per cent at 31,660 while the Nifty 50 edged higher by 24 points or 0.26 per cent at 9,291. Sectoral indices at the National Stock Exchange were mixed with Nifty FMCG, metal and pharma in the read while realty gained by 2.3 per cent. Among stocks, Tata Motors was up by 7.1 per cent at Rs 82.35 per share while private lenders HDFC Bank and Kotak Mahindra Bank moved up by 3.7 per cent and 1.4 per cent respectively.
New Delhi, Apr 17 (ANI): Equity benchmark indices jumped over 3 per cent on Friday as the Reserve Bank of India unveiled measures to ease liquidity and bank credit as part of economic relief to offset the fallout of coronavirus lockdown. The BSE S-P Sensex closed 986 points or 3.22 per cent higher at 31,589 while the Nifty 50 moved up by 274 points or 3.05 per cent at 9,267. Except for Nifty FMCG and pharma, all sectoral indices at the National Stock Exchange were in the green. Nifty private bank up 7.7 per cent, financial service by 5.7 per cent each, auto by 5.4 per cent and realty by 3.8 per cent.
Mumbai, Apr 16 (ANI): Equity benchmark indices oscillated between losses and gains during early hours on Thursday as investor sentiments remained fragile amid concerns over the impact of coronavirus outbreak on the domestic and global economy. At 10:15 am, the BSE S-P Sensex was down by 135 points or 0.44 per cent at 30,245 while the Nifty 50 edged lower by 20 points or 0.22 per cent at 8,905. Sectoral indices at the National Stock Exchange were mixed with Nifty IT down by 2.96 per cent but realty up by 2 per cent. Among stocks, IT major Infosys dropped by 4.5 per cent to Rs 610.10 per share while Tech Mahindra slipped by 4.4 per cent and Tata Consultancy Services by 3 per cent. Private lenders Kotak Mahindra Bank and Axis Bank dipped by 3.6 per cent and 1.8 per cent respectively.
Mumbai, Mar 27 (ANI): Equity benchmark indices were buoyant during early hours on Friday ahead of a media briefing by Reserve Bank of India (RBI) Governor Shaktikanta Das, raising hopes of liquidity-infusing steps to absorb the economic impact of coronavirus amid a countrywide lockdown. A day earlier, Finance Minister Nirmala Sitharaman unveiled a Rs 1.7 lakh crore economic package and announced various welfare measures to tide through the rising pandemic. At 10 am, the BSE S and P Sensex was up by 940 points or 3.14 per cent to 30,887 while the Nifty 50 edged higher by 341 points or 3.95 per cent to 8,983. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty private bank up by 8.4 per cent, PSU bank by 8.1 per cent, financial service by 6.8 per cent and realty by 6.2 per cent. Among stocks, IndusInd Bank continued its yesterday's upward glide and clocked a gain of 20 per cent to Rs 523.05 per share while Axis Bank was up by 15 per cent.
Mumbai, Mar 27 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said that Repo rate has been reduced by 75 basis points to 4.4%. Reverse repo-rate reduced by 90 basis points to 4%. "Repo rate has been reduced by 75 basis points to 4.4%. Reverse repo-rate reduced by 90 basis points to 4%," said Das while addressing press conference.
Mumbai, Mar 27 (ANI): The Reserve Bank of India on March 27 reduced the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3 percent of Net Demand and Time Liabilities with effect from the fortnight beginning March 28 for a period of one year. The decision was announced by RBI Governor in view of coronavirus pandemic which has put the Indian economy to a standstill.
Mumbai, Mar 27 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said that there is a probability that large parts of the world will slip into recession. "MPC (Monetary Policy Committee) noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing in affected countries. Expectations of a shallow recovery in 2020 from 2019's decade low in global growth have been dashed. The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," said Das while addressing press conference.
New Delhi, Mar 25 (ANI): Equity benchmark indices fluctuated between gains and losses during early hours on Wednesday as the country braced up for a three-week lockdown to break the chain of deadly COVID-19 virus. At 10:15 am, the BSE S and P Sensex was down by 36 points or 0.14 per cent to 26,638 but the Nifty 50 edged higher by 20 points or 0.25 per cent to 7,821. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty PSU bank lower by 3.31 per cent, auto by 1.9 per cent and realty by 1.2 per cent. Among stocks, IndusInd bank swung lower by nearly 8 per cent to Rs 287.40 per share while ICICI Bank lost by 3.9 per cent and State Bank of India by 3.4 per cent. Mahindra and Mahindra dropped by 7.1 per cent, ITC by 6.1 per cent, HCL Technologies by 3.7 per cent and Asian Paints by 3.5 per cent. However, index heavyweight Reliance Industries gained by 6.16 per cent to Rs 1,001.55 per share.
New Delhi, Mar 19 (ANI): Equity indices recovered some lost ground from the intraday low point on Thursday but ended over 2 per cent lower due to concerns over the economic impact of coronavirus pandemic. In money markets, the rupee fell to a low of 75.05 versus the US dollar against the previous close of 74.26. The BSE S and P Sensex closed 581 points or 2.01 per cent lower at 28,288 while the Nifty 50 was down by 242 points or 2.42 per cent at 8,263. All sectoral indices at the National Stock Exchange were in the negative zone with Nifty auto down by 5.8 per cent, metal by 5.2 per cent, realty by 3.4 per cent and IT by 3 per cent. Among stocks, Bharti Infratel dropped by 18.2 per cent to Rs 122.50 per share while Axis Bank traded lower by 9.6 per cent. Zee Entertainment closed 13.8 per cent down and ONGC lost by 10.6 per cent. The other prominent losers were Bharat Petroleum Corporation, Bajaj Finance, Hindalco, Maruti and Mahindra and Mahindra. As a result, Asian markets traded low
Mumbai, Mar 19 (ANI): Equity benchmark indices floundered during early hours on Thursday with eroding investor confidence due to worries about the economic impact of coronavirus pandemic. In money markets, the rupee fell to a low of 74.89 versus the US dollar. At 10:15 am, the BSE S-P Sensex was down by 1,571 points or 5.44 per cent to 27,299 while the Nifty 50 edged lower by 456 points or 5.38 per cent to 8,013. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank down by 8.2 per cent, financial service by 8 per cent, realty by 7 per cent and auto by 6.5 per cent. Among stocks, Bharti Infratel dropped by 15.1 per cent to Rs 127.15 per share while IndusInd Bank and Kotak Mahindra Bank traded lower by 12.4 per cent and 9.1 per cent respectively. Yes Bank was down by 13.65 per cent, a day after resuming complete services which were stopped as the Reserve Bank of India placed it under moratorium earlier this month.
Mumbai, Mar 17 (ANI): Yes Bank Administrator Prashant Kumar on March 17 held a press brief in Mumbai. While addressing the mediapersons he said the staff of Yes Bank handled the situation very well when the RBI had superseded Yes Bank's board and capped withdrawals at Rs 50,000. "On the very first day there were long queue outside the banks but subsequently customers were handled very well and there were not a single untoward incident," Kumar added that on the very first day, the ATMs were made available to our customer and within 48 hours other banks ATMs were also made available to the customers. On March 05, the RBI had superseded Yes Bank's board and capped withdrawals at Rs 50,000.
Mumbai, Mar 17 (ANI): Yes Bank Administrator Prashant Kumar on March 17 held a press brief in Mumbai. While addressing the mediapersons he said that the bank will resume normal operations from 6 PM on March 18. He said that all Yes Bank ATMs has sufficient cash and all the branches have adequate cash supply.
New Delhi, Mar 17 (ANI): Equity indices reversed early losses on March 17 morning after shares in Wall Street plunged to their biggest day drop in more than three decades overnight. Investors said the Reserve Bank of India's assurance on liquidity front, fall in crude oil prices and reports on coronavirus will remain major triggers for the session. At 10:15 am, the BSE S and P Sensex was up by 435 points or 1.39 per cent to 31,825 while the Nifty 50 edged higher by 145 points or 1.57 per cent to 9,342. Most sectoral indices at the National Stock Exchange were in the green with Nifty pharma up by 3.1 per cent, metal by 2.3 per cent, FMCG and auto by 1.5 per cent each and PSU bank by 1.1 per cent. Among stocks, Yes Bank surged ahead by 30.32 per cent to Rs 48.35 per share a day after RBI Governor Shaktikanta Das said the moratorium on private sector lender will be lifted on Wednesday evening and that the depositors' money is absolutely safe.
New Delhi, Mar 11 (ANI): Equity benchmark indices wobbled through a choppy trading session on March 11 but closed in the green amid unabated coronavirus concerns globally. The BSE S-P Sensex closed 62 points higher at 35,697 but the Nifty 50 dipped by 3 points at 10,449. Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank down by 3.86 per cent, realty by 2.71 per cent, metal by 2.06 per cent and IT by 1.25 per cent. Among stocks, Yes Bank was up by 36.71 per cent at Rs 29.05 per share as State Bank of India readied a reconstruction plan for the troubled private sector lender, which has been grappling with mounting bad loans and struggling to raise fresh capital.
New Delhi, Mar 03 (ANI): Equity benchmark indices were in the green during early hours on Tuesday as investors hoped that central banks will take action to combat the economic impact of coronavirus outbreak. At 10:15 am, the BSE S-P Sensex was up by 485 points or 1.27 per cent to 38,629 while the Nifty 50 edged higher by 159 points or 1.43 per cent at 11,292. All sectoral indices at the National Stock Exchange were in the green with Nifty metal gaining by 3.28 per cent, pharma by 2.73 per cent, realty by 2.15 per cent and IT by 1.45 per cent. Among stocks, Vedanta added gains of 5.2 per cent at Rs 116.80 per share while JSW Steel was up by 4.5 per cent, Tata Steel by 3.1 per cent and Hindalco by 2.5 per cent. The other prominent gainers were Sun Pharma, Eicher Motors, Hero MotoCorp, Yes Bank and HCL Technologies.
New Delhi, Feb 26 (ANI): Equity indices tracked their global peers and closed deep into the red on Wednesday as effects of coronavirus outbreak reverberated beyond China. Profit-booking accelerated with automobile and metal sectors bearing the brunt as market undertone remained weak since opening following fears of deepening adverse economic impact of coronavirus pandemic. The BSE S-P Sensex closed 392 points or 0.97 per cent lower at 39,889 while the Nifty 50 was down by 119 points to 11,679. All sectoral indices at the National Stock Exchange were in the negative zone with Nifty auto skidding by 2.15 per cent, realty by 1.67 per cent, metal by 1.63 per cent, pharma by 1.25 per cent. Among stocks, Sun Pharma was down by 3.8 per cent at Rs 374 per share while Hindalco and Vedanta dipped by 2.6 per cent and 1.9 per cent respectively.
New Delhi, Jan 15 (ANI): Amazon Chief Executive Officer (CEO) Jeff Bezos attended an interactive session at 'Amazon Smbhav'. Amazon chief pondered on the idea of failure and talked about the culture in Amazon. He said, "Amazon is the best place to fail and the reason is that we have a lot of practice. There are experiments where you try to figure out something new. That is high quality failure because when you are experimenting you don't know it it's going to work." He further added, "Innovation is all about maximizing the rate of experimentation. You have to have a culture that supports failure." Amazon Smbhav focuses on empowering small and medium businesses (SMBs) in India. Bezos landed in India to attend the Smbhav event and also paid tribute to Mahatma Gandhi.
New Delhi, Jan 06 (ANI): Equity indices suffered a blow during early hours on Monday on the back of escalating geopolitical tension after a senior Iranian military official was killed by a US airstrike. At 10:15 am, the BSE S-P Sensex was down by 456 points to 41,009 while the Nifty 50 edged lower by 136 points at 12,094. All sectoral indices were in the negative terrain with Nifty PSU bank falling by 3.2 per cent, metal by 2.2 per cent, auto by 1.7 per cent and FMCG by 0.8 per cent.
New Delhi, Jan 02 (ANI): Equity benchmark indices were steady during early hours on Thursday with all sectoral indices in the green led by the metal, infrastructure and IT stocks. Finance Minister Nirmala Sitharaman recently announced a Rs 102 lakh crore infrastructure project pipeline for the next five years at a time when overall economic growth is slowing, a move that is likely to help the country nearly double GDP's size to five trillion dollars by 2025. At 10:15 am, the BSE S - P Sensex was up by 128 points to 41,434 while the Nifty 50 edged higher by 35 points at 12,217. Among stocks, JSW Steel gained by 2 per cent to trade at Rs 273.45 per share while Tata Steel too moved up by 2 per cent, Hindalco by 1.2 per cent and Vedanta by 0.8 per cent. UltraTech Cement ticked up by 1.2 per cent and Grasim by 1.1 per cent. Private lenders IndusInd Bank and ICICI Bank added gains of 0.7 per cent and 0.6 per cent respectively while Tata Motors accelerated by 1 per cent. However, Bajaj Auto,