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Covid pushes Indias Pharma industry growth to 59% in April
Business

Covid pushes India's Pharma industry growth to 59% in April

New Delhi, May 15: The fresh wave of Covid-19 in the country has pushed up sales of medicines and resulted in exponential growth for the pharmaceutical sector.According to total sales audit data from world's largest pharmaceutical market research firm IMS Health, the Indian Pharma Market (IPM)...
Retail inflation eases to 4.29 per cent in April
Business

Retail inflation eases to 4.29 per cent in April

Guwahati, May 13: Retail inflation slowed to 4.29 per cent in April from 5.52 per cent in March, mainly due to easing food prices, government data showed on Wednesday.The Reserve Bank mainly factors in the retail inflation based on Consumer Price Index (CPI) while arriving at its monetary policy.As...
Sensex skids for 2nd day as inflation worries haunt global equities
Business

Sensex skids for 2nd day as inflation worries haunt global equities

Mumbai, May 12: The BSE Sensex spiralled lower for the second straight session on Wednesday, weighed by heavy selling in banking and finance stocks, as global equities extended their losses on concerns that soaring commodity prices will trigger earlier-than-expected rate hikes.The 30-share BSE...
Sensex tanks over 450 pts in early trade; Nifty slips below 14,800
Business

Sensex tanks over 450 pts in early trade; Nifty slips below 14,800

Mumbai, May 11: Equity benchmark Sensex tumbled over 450 points in early trade on Tuesday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Kotak Bank amid negative cues from global markets.The 30-share BSE index was trading 470.10 points or 0.95 per cent lower at 49,032.31 in...
Sensex jumps 296 points; Nifty ends above 14,900
Business

Sensex jumps 296 points; Nifty ends above 14,900

Mumbai, May 10: Extending its gains for the fourth consecutive session, equity benchmark Sensex surged about 296 points to recapture the key 49,500-level on Monday, led by intense buying in pharma and energy stocks.At the closing bell, the 30-share BSE index quoted 295.94 points or 0.60 per cent...
Reliance Retail is second fastest growing retailer in the world
Business

Reliance Retail is second fastest growing retailer in the world

New Delhi, May 9: Reliance Retail ranks 53rd in the list of Global Powers of Retailing by Deloitte, improves from 56th earlier.It remains the 2nd fastest growing retailer in the world despite the base effect of being No.1 last year. Reliance Retail features consecutively for the 4th time in the...
Sensex jumps 257 points; Nifty ends above 14,800
Business

Sensex jumps 257 points; Nifty ends above 14,800

Mumbai, May 7: Extending its winning run to the third session, equity benchmark Sensex advanced 257 points on Friday, tracking gains in index majors HDFC twins, ITC and Bharti Airtel amid a positive trend in global markets.The 30-share BSE index ended 256.71 points or 0.52 per cent higher at...
Swiggy to prioritise Genie deliveries as Covid cases soar
Business

Swiggy to prioritise Genie deliveries as Covid cases soar

New Delhi, May 6: Food delivery platform Swiggy on Thursday announced to prioritise Genie deliveries the company's pick up and drop service as India is witnessing increasing Covid-19 cases in the second wave of coronavirus.All Genie orders will have dedicated customer care support. The...
Sensex, Nifty rise for 2nd day; auto, IT stocks take charge
Business

Sensex, Nifty rise for 2nd day; auto, IT stocks take charge

Mumbai, May 6: Equity gauges Sensex and Nifty notched up gains for the second straight session on Thursday following hectic buying mainly in auto, financial and IT counters.The BSE benchmark Sensex closed higher by 272.21 points or 0.56 per cent at 48,949.76. In volatile trade, the index oscillated...
Arunachal reports highest single-day spike of 234 COVID cases
Business

Arunachal reports highest single-day spike of 234 COVID cases

Itanagar, May 5: Continuing its upward trend in the rate of infections, Arunachal Pradesh on Tuesday reported the highest single-day spike with 234 new cases, taking its active caseload to 1632. With this, the tally of confirmed cases in the State crossed the 19k-mark, to be precise at 19,192,...
RBI relaxes KYC norms, tells banks not to impose any restriction till Dec-end
Business

RBI relaxes KYC norms, tells banks not to impose any restriction till Dec-end

Mumbai, May 5: The Reserve Bank on Wednesday asked banks and other regulated financial entities not to impose any punitive restriction against customers for failure to update KYC till December end, in view of the second wave of coronavirus cases. The RBI has also decided to extend the scope...
SBI allocates Rs 71 cr for fight against coronavirus
Business

SBI allocates Rs 71 cr for fight against coronavirus

New Delhi, May 3: The country's largest lender SBI on Monday announced allocating Rs 71 crore towards the fight against COVID-19, a part of which will be used to set up a makeshift 1,000-bed hospital for the treatment of patients in some of the worst-affected states. State Bank of...
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