Retails in North America were down 32.1 percent, the UK was down 69.5 percent, Overseas down 46.9 percent, and Europe down 59.1 percent in June quarter YoY.

For most FMCG companies, a large part of the decline came in the second half of March due to a nationwide lockdown to contain the COVID-19 pandemic.

SEBI has stipulated segregation of services. At present, advisers carry out both advisory and distribution services and there is no segregation.

According to an official release, bp paid RIL $1 billion for a 49 per cent stake in the joint venture, while RIL will be holding 51 per cent

It will now look to bolster its balance sheet through the share offering from July 15 to 17, according to a stock exchange filing.

Top-5 and 10 stocks account for 42% and 62% respectively; up from 37% and 56% two year ago

The country's second-largest lender PNB is planning to hit capital markets in the fourth quarter of this financial year to raise funds to help meet growth needs and regulatory requirements.

Consumption of fuel, a proxy for oil demand, totalled 16.29 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

The Dow Jones Industrial Average rose 27.64 points, or 0.11 percent, at the open to 26,094.92.

Regulator expands shareholding limits of stock exchanges desirous of operating in IFSC

Commodity exchanges currently allow trading for reduced hours in view of the coronavirus pandemic. Trading now begins at 9 am to end at 5 pm, instead of 11:50 pm earlier.

The Sovereign Gold Bond scheme enables the public to park funds in non-physical gold and earn interest on their investments.

"Kenya is the first country... to have base stations high up in the sky. Now we will be able to cover the whole country in a very short span of time," said Information Minister Joe Mucheru after launching the service.

We have cancelled the GR in the cabinet meeting. Since coal prices have plummeted, we moved a note in the cabinet to cancel the earlier order on public interest," an official said.

There is lots of monetary space as interest rates here are still significantly positive unlike western Europe, where there is zero to negative rates, Sanyal said at the India Global Week 2020.

Thursday's report from the Labor Department showed that the number of applications for unemployment aid fell from 1.4 million in the previous week. The figure has now topped 1 million for 16 straight weeks. Before the pandemic, the record high for weekly unemployment applications was fewer than 700,000.

In the international market, gold rates steadied above the key $1,800 per ounce level on Thursday

Damani expects the yellow metal to trade in a range of $1,780-1,835 per troy ounce on COMEX. "Domestic prices could hover in the range of Rs 48,900-49,600/10 gram."

The last successful FPO to hit the domestic market was in 2014 by Engineers India. Apart from that, only three others have successfully launched an FPO

Is Paytm founder Vijay Shekhar Sharma’s grand vision of transforming his company into a full-fledged financial services player complete after the acquisition of Raheja QBE?

The decision has been taken based on the internal discussions and consultations with the stakeholders, the Securities and Exchange Board of India (SEBI) said in a circular.

Ambrane India is seeing a shift in business from Chinese companies to Indian brands.

Equity schemes mobilised Rs 13,520 crore in June, 28% below 12-month average

The company also announced an interim dividend of Rs 5 per equity share.

The company also announced an interim dividend of Rs 5 per equity share.

The IT major had reported a net profit of Rs 8,049 crore for the quarter ended March 31.

Tata Consultancy Services (TCS) said its revenue in constant currency terms declined 6.3 per cent on a year-on-year basis.

Both existing and new customers will be eligible to avail loans from KVB, which seeks to leverage the vast new car retail network of Tata Motors across India, even as the bank has a branch network of 779 across 22 States and union territories.

In this edition of Business Insight, find out what are the concerns raised by e-retailers on the compliance and legal changes sought by the government.

A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said compliance with the plan prepared by NTCA is necessary for precautions in view of potential of affecting the wildlife.

This is an extension of Mastercard’s expanded worldwide commitment to financial inclusion.

The company said that it had earlier got demand notices from the Commercial Tax Department, Karnataka, aggregating to Rs 620.93 crore (including interest and penalty) for the periods 2006-2007 to 2014-2015 by treating the stock transfers of the company's Mangalore plant as interstate sales to dealers.

The company, which had distribution rights to the films Scary Movie 5 and Parker in Germany, had asked YouTube and Google to provide the email addresses, telephone numbers and IP addresses of users who had uploaded those films illegally onto YouTube in 2013 and 2014.

PM Modi in February had planned to raise as much as Rs 2.1 lakh crore selling state assets

Even amid coronavirus-induced slowdown, the capex spend in the first quarter of the current financial year was 4.2 percent higher compared to the corresponding quarter last fiscal.

The company had clocked a loss of Rs 883.18 crore in the corresponding quarter of 2018-19, it said in a regulatory filing to the BSE.

Trading members were required to submit the compliance certificate for execution of orders on a quarterly basis to the exchange confirming the status of compliance with the requirements relating to limit setting at the time of order placement.

BSE Sensex today gained 409 points or over 1 per cent to settle at 36,738 with SBI (up 4 per cent) being the top gainer and ONGC (down over 1 per cent) the biggest loser

In the futures market, crude oil for July delivery touched an intraday high of Rs 3,071 and an intraday low of Rs 3,051 per barrel on the MCX

Updates from the world of economy, markets, and finance

For the general insurance industry, the good news is that premiums grew by 7.8 percent in June 2020 to Rs 13,961.25 crore compared to the same period last year.

Spelling out the eligibility criteria, Sebi said the bidder should be a registered entity,in operation for at least three years and should have successfully implemented similar projects

BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds of up to $95 billion through open market operations, and its revaluation reserves of $127 billion may also be used to recapitalise state-run banks.

Besides, the company posted 9.24 percent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal.

"The Board of Directors at their meeting held today accepted the resignation of Yatin Malhotra from the position of Chief Financial Officer of the company effective 31 August, 2020," Whirlpool of India said in a BSE filing.

However on a year-on-year basis, hiring in June is down 44 per cent

Analysts awaited key macroeconomic data as well as the first of the quarterly corporate earnings due this week.

In the futures market, natural gas for July delivery touched an intraday high of Rs 140.10 and an intraday low of Rs 137.20 per mmBtu on the MCX

The mega merger of United India Insurance, National Insurance and Oriental Insurance was in the works since 2018. But the fall in solvency and losses in the balance sheet forced the government to abandon this plan.

Flipkart Group and Arvind Fashions will work collaboratively to identify opportunities and synergies to innovate and develop products.

The company had reported a net profit of Rs 21.30 crore in January-March quarter a year ago, AFL said in a regulatory filing to the BSE.

The company is scheduled to report its earnings later in the day after market hours on Thursday.

AirAsia, like other airlines, has been slammed by the coronavirus pandemic that has hammered demand for air travel.

A survey by JLL showed that only 20 percent operators believed that revenues could reach 2019 levels within the next six to twelve months

Gold prices today: Gold prices surged by Rs 232 to Rs 50,184 per 10 gram in Delhi on Thursday

In the futures market, silver for September delivery touched an intraday high of Rs 52,086 and a low of Rs 51,410 per kg on the MCX

Vanished chief operating officer of fraud-hit payments group hinted at secret service links

The trading volumes on the counter more-than-doubled with a combined 6.6 million shares changing hands on the NSE and BSE till 02:43 pm

Decision on financial records access for NY prosecutor is partial defeat for US president

PM Modi said Indians have the spirit to achieve what is believed to be impossible and that this is an India that is 'reforming, performing and transforming'.

Updates from the world of economy, markets, and finance

Zoom had seen spurt in users since COVID-19 lockdown but now faces competition from JioMeet, which has already seen about one million downloads within a week of launch on its promise of providing unlimited free video calling.

The rupee has recovered 2.46 per cent from a record low of 76.91 logged in April, but still it is down 5.13 per cent against the American currency so far this year.

Indian Railways is targeting at least 50% jump in freight traffic on unused passenger train routes to neutralise revenue losses or even end FY21 with a surplus, according to Railway Board Chairman VK Yadav

“Some of the misconceptions are disheartening, especially those about Zoom and China,” Zoom’s president of product and engineering Velchamy Sankarlingam said in a blog post, adding that Zoom is a U.S. company.

Franco-German proposal would boost territory’s civil society but stop short of sanctions against Beijing

The offer will open on July 15 and close on July 17, the filing said, adding that the equity shares will be offered at a face value of Rs 2 apiece

The rupee has recovered 2.46 per cent from a record low of 76.91 logged in April, but still it is down 5.13 per cent against the American currency so far this year.

Campus hiring is expected to remain subdued, as 27 percent of companies stated they had no plans to resume the activity, while another 39 percent said they are unsure

The new online booking platform provides a quick and transparent booking experience for customers who can select the variant, colour and authorised dealer of their choice and complete their booking in six easy steps, HMSI said in a statement.

Nippon Life Asset Management slipped 4 per cent to Rs 291, while HDFC AMC dropped 3 per cent to Rs 2,490 in the intra-day trade on the BSE.

The British company, which makes engines for the Boeing 787 and Airbus 350, said it expected to see an improvement in the second half, resulting in free cash outflow for the full year of about 4 billion pounds.

The consolidated production during the quarter also fell 28.49 percent to 5.52 MT from 7.72 MT in the first quarter of 2019-20, TSL said in a regulatory filing.

The company said it had successfully completed the manufacturing process for the VLP (virus like particle) vaccine candidate, which includes three surface antigens from SARS-CoV-2.

Number of workers seeking first-time unemployment benefits levelling off but remains historically high

Gold Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 49,318/10 grams, and silver at Rs 51,232/kilogram.

Meeting comes in the wake of many investors in Hong Kong opting to move out after China imposes special law

Because they evade duties, the grey market operators usually sell gold at discounts to market prices

Live updates of Prime Minister Narendra Modi's address at India Global Week 2020

PM Narendra Modi at India Global Week 2020 LIVE: Live updates of the prime minister's address at the virtual meeting.

Live updates of Prime Minister Narendra Modi's address at India Global Week 2020

Live updates of Prime Minister Narendra Modi's address at India Global Week 2020

PM Narendra Modi at India Global Week 2020 LIVE: Live updates of the prime minister's address at the virtual meeting.

Live updates of Prime Minister Narendra Modi's address at India Global Week 2020

Worries over mounting COVID-19 cases offset hopes of a swift global economic recovery.

The group has to submit its report on the subject in the next eight weeks

Morgan Stanley’s latest CIO survey isn’t good news for the hottest segment of the US tech sector.

Last updated 1:00pm BST. Featuring Boohoo, Rolls-Royce, Persimmon, Vistry, Ferrari and Compass.

Considering nearly 2.7 million people travelled by air since May, the infection rate is low at 0,03 percent, said a senior bureaucrat

Strides Pharma shares surged as much as 5% after it got approval from USFDA for Butalbital, Acetaminophen, Caffeine, andCodeine Phosphate Capsules.

The IPO consists of a fresh issue and an offer-for-sale by its two promoters-Edward Menezes and Sunil Chari. Currently, Edward Menezes and Sunil Chari hold 42.10% and 42.05% stake as promoters of the company, while the public shareholding stands at 4.9%

For the quarter ended March 2020, Can Fin Homes had reported a 37.5 per cent jump in net profit at Rs 90.91 crore

Petrol, Diesel Rate Today: Except Delhi, the prices of petrol continued to be higher compared to diesel in the metros.

Traders said domestic markets followed optimistic sentiments from global equities, shrugging off concerns over the rising number of COVID-19 cases and its impact on economic recovery.

Forex traders said positive domestic equities and weak U.S. currency supported the local unit, while foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment.

About 1.1 million foreign students attended US higher education institutions in the 2018-19 school year, according to a report issued by the State Department and the Institute of International Education (IIE), and they made up 5.5 percent of the entire US higher education enrollment.

About 1.1 million foreign students attended US higher education institutions in the 2018-19 school year, according to a report issued by the State Department and the Institute of International Education (IIE), and they made up 5.5 percent of the entire US higher education enrollment.

Brent crude futures edged up 2 cents, or 0.05%, to $43.31, after gaining 0.5% on Wednesday

In separate appearances, Atlanta Fed President Raphael Bostic, Boston Fed President Eric Rosengren and Richmond Fed President Thomas Barkin noted what Barkin characterized as "air pockets" facing the US economy - businesses exhausting existing order books without refilling them, and households facing the end of unemployment benefits and other support.

Focus is on what can be controlled, they say

Twenty-three companies join forces to launch a fund to develop new antibiotics by 2030

Inspiring conversations with market participants to drive away the pandemic blues

Musk added that he was confident Tesla would attain basic functionality of the technology this year, in remarks made via a video message at the opening of Shanghai's annual World Artificial Intelligence Conference (WAIC).

‘Isolated Region’ project abandoned as other data-sensitive options considered

Loosened coronavirus-led restrictions in most of the country drove a slight recovery in economic activity and helped reduce a supply crunch.

The US recently banned visas to all international students if their classes have been moved online due to COVID-19. Kavita Ganasekar Reddy, currently pursuing PhD on genome changes in New Jersey, speaks to Moneycontrol about the new norms

The US recently banned visas to all international students if their classes have been moved online due to COVID-19. Kavita Ganasekar Reddy, currently pursuing PhD on genome changes in New Jersey, speaks to Moneycontrol about the new norms

The US recently banned visas to all international students if their classes have been moved online due to COVID-19. Kavita Ganasekar Reddy, currently pursuing PhD on genome changes in New Jersey, speaks to Moneycontrol about the new norms

Escorts and Alkyl Amines Chemicals gained 3% today, surging over 60% in the past three months on the BSE.

Headline inflation numbers were not released in April and May due to inadequate data collection owing to the novel coronavirus-driven lockdown restrictions.

Tata Steel was the top gainer in the Sensex pack, rising around 2%, followed by IndusInd Bank, Bajaj Finance, ICICI Bank, M&M, SBI and Axis Bank.

Updates from the world of economy, markets, and finance

Opposition demands answers after death of key witness in high-profile corruption inquiry

Abandonment of common sense during the pandemic has damaged the US and UK national brands

Tata Steel, Vedanta, JSW Steel, and Nalco were up in the range of 2.7 - 3.2 per cent.

Tata Steel was the top gainer in the Sensex pack, rising around 2%, followed by IndusInd Bank, Bajaj Finance, ICICI Bank, M&M, SBI and Axis Bank.

Prime minister’s estranged brother Lee Hsien Yang targets ‘natural aristocracy’ of ruling party

The company said it is well poised and geared up to win a large number of BOT projects in the upcoming bids, which will ensure a steady growth in execution as well as Toll revenues in the long term

Elaborate plans have been made to ensure all festivals from Rakhi in August to Diwali in November will be celebrated using Indian goods, said Praveen Khandelwal, Secretary-General, CAIT.

Ahead of its Q1 earnings, TCS stock price has gained 2.62% in one week, 6.62% in one month and 2.2% since the beginning of the year 2020

Spat adds religious dimension to an already fragile geopolitical relationship

As per the capex guidance provided by 12 listed companies there is a 40-42 percent reduction in capex for the year

Optimism about the corporate earnings season along with hopes of economic recovery supported investor sentiment, according to analysts.

Analysts awaited key macroeconomic data as well as the first of the quarterly corporate earnings due this week.

The matter relates to the company and some individuals communicating unpublished price sensitive information (UPSI) to market participants in March 2013.

The stock is now looking to close above its all time high and once it does that there could be a significant move up

Having joined the Sundaram Industries in 1969 at a young age of 21 years, he served the TVS Group for over five decades

Canberra suspends extradition treaty and eases immigration access for city’s residents

The last triggered signal in the Point Figure chart is a sell signal indicating sellers are in control

Founded in New York in 1818, Brooks Brothers survived two world wars, the Great Depression and even managed to stay afloat as dress standards eased in the office.

A major focus today will be on TCS which is scheduled to kick-off the April-June 2020 earnings season for IT companies today

Catch all the live market updates here

All that happened in the markets today

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Foreign minister’s remarks hint at desire to halt downward spiral with Washington, analysts say

Renminbi rises past important 7 to the dollar mark against backdrop of surging shares

Renminbi strengthens past important 7 to the dollar level as stock market surges

In New Delhi, the price of 22-carat gold rises to Rs 47,500 per 10 gram, and in Chennai to Rs 46,780

For the quarter, about a third of the schemes managed to beat the benchmark index

The media and cloud software roll-up is once again under fire from a short-seller.

The market is also in a holding pattern ahead of a meeting on July 15 of the market monitoring panel of the Organization of the Petroleum Exporting Countries (OPEC) and its allies

The rupee opened at 74.94 per US dollar, then gained further ground to touch 74.91 per dollar, up 11 paise over its previous close of 75.02 against the greenback on Wednesday

Canberra suspends extradition treaty and eases immigration access for city’s residents

Lender part-owned by buyout group Apollo gave loan to former boss of payments group weeks before collapse

Rafal Trzaskowski contends with coverage overwhelmingly partial to incumbent Andrzej Duda

The country’s most powerful organised crime group packaged millions of plundered euros into funds and portfolios

The double blow of the financial crisis and the pandemic will increase pressure for policies to help those under 40

European leaders beat path to PM Rutte’s door in bid to persuade him on €750bn programme

By actually knowing their supply chains, do-gooding companies have made better returns

Stock Market LIVE Updates on July 9: Asian counterparts, bounced back from lows and were trading back in positive territory, tracking gains from Wall Street

Stock Market LIVE Updates on July 9: Tata Steel, IndusInd Bank, Bajaj Finance, ICICI Bank, M&M, SBI and Axis Bank were among the top gainers today. On the other hand, Maruti, Reliance Industries, TCS and Titan were among the laggards

Stock Market LIVE Updates on July 9: Asian counterparts, bounced back from lows and were trading back in positive territory, tracking gains from Wall Street

Stock Market LIVE Updates on July 9: Asian counterparts, bounced back from lows and were trading back in positive territory, tracking gains from Wall Street

Stock Market LIVE Updates on July 9: Tata Steel, IndusInd Bank, Bajaj Finance, ICICI Bank, M&M, SBI and Axis Bank were among the top gainers today. On the other hand, Maruti, Reliance Industries, TCS and Titan were among the laggards

Ramping up capacity after 2018 funding round led group to operate at a loss, says chief Yashish Dahiya

Death toll also shows signs of rising for first time since new outbreak in south and west

Talks with Goldman Sachs continue even as focus shifts to post-Covid recovery, says finance minister

Drugmaker Cipla Ltd. has priced its generic version of Remdesivir, Cipremi, at ₹4,000 rupees per 100 mg vial, according to several sources, making it

The executive committee of State Bank of India (SBI), the country’s largest lender, has approved a further investment of up to ₹1,760 crore in the pub

Singapore arm contributes to capital

Tata Motors has announced a financing scheme for its Tiago, Nexon and Altroz models, whereby customers can make nil down payment, avail a 6-month EMI

ICICI Bank Ltd. plans to raise ₹15,000 crore in capital through issuance of securities to shore up its capital base. “The board has approved raising

Administration officials caution Railroad Retirement Board over ‘unnecessary economic risk’

Aims to bid for all 5 zones in upcoming ₹9,000 crore tender

Inflows decline for 3rd month in row; AUM rise to ₹25.5 lakh crore at end June

Rossari Biotech Ltd., a specialty chemicals manufacturer focusing on home, personal care and performance chemicals, will open its initial public offer

Bharat Forge Ltd (BFL), in collaboration with AI start-up Blackstraw, has introduced Health Risk Monitoring System (HRMS), an AI-based solution that e

Sharp rally in stock market draws comparisons with 2015 downfall

Unless a revolutionary change is brought in the regulatory regime, there is no hope of the space reforms resulting in the creation of a commercially successful and innovation driven space sector.

Rajasthan-based Data Ingenious Global Ltd. has rolled out a video conferencing platform ‘VideoMeet’ in a limited way and will enter into four more sta

Much of the build was from a large amount of imports to the United States, analysts said.

IRDAI forms 9-member panel to study, make recommendations on such a mechanism

‘Online sales, a misuse of relaxation’

Vehicle sales to drop 25% in FY21: Crisil

The Karnataka High Court on Wednesday issued formal notices to the Centre, the Securities Exchange Board of India and Franklin Templeton group compani

In an indication of liquidity issues, 13 States are found to have raised ₹12,750 crore through auction of State Government securities or State Develop

The Cabinet on Wednesday approved a capital infusion of ₹12,450 crore into three public sector general insurance companies to make them more financial

If COVID-19 spawns ambitious digital transformation projects in your organisation, CFOs perhaps need to do a sharp and quick check for the appropriate mindset and capabilities. Technology is ultimately about helping people perform better. This can be as big a differentiator in the market as it is on the production floor

Central bank’s Boston chief says Main Street Lending Facility may need to be extended

Interest will continue to accrue, it says

The working group on pandemic risk pool will recommend the structure and operating model for the proposed pool

Presidents swap praise and paper over differences in first meeting

The Board (excluding the promoter directors) insisted that the promoters provide necessary security in respect of the June installment, in an expeditious manner, which the promoters have assured the Board to revert back at the earliest.

The company's board and shareholders had earlier approved the proposal to raise up to Rs 2,000 crore through the QIP route.

Mint spoke to B Gopkumar, managing director and CEO of Axis Securities, to understand investor trends and the brokerage’s own initiatives in its fee-only advisory as well as tie-ups for international trading

Do a cost-benefit analysis by taking into account the costs and the difference in total interest outgo before switching your home loan to another lender.The switching process can be long-drawn as lenders are currently taking time to process documents

As your corpus grows, you need some stability to your equity-heavy portfolio and that can only come from debt and a small proportion of gold if you like that as a diversifier.

EY's current assessment of India's 2020-21 real gross value added (GVA) growth is 1.9 per cent provided that India sticks to its infrastructure funding plans.

Cipremi has been approved by the Drug Controller General of India (DCGI) for restricted emergency use in the country as part of the accelerated approval process considering the urgent and unmet medical need.

UK Prime Minister Boris Johnson extended UK citizenship to Hong Kong residents in response to China's sweeping new security law. Sakshi Batra does a 3 Point Analysis to find out what this means for India

UK Prime Minister Boris Johnson extended UK citizenship to Hong Kong residents in response to China's sweeping new security law. Sakshi Batra does a 3 Point Analysis to find out what this means for India

The effective date would be October 1, when a government-imposed ban on forced job cuts by airlines that accepted billions of dollars in federal payroll aid expires.

According to a government statement, the immediate focus in next three to six months will be on ensuring the survival of businesses and industry sectors by revisiting licensing norms, simplifying COVID related regulations and taking measures to revive demand.

Brokerages expect Infosys to report around 5 percent sequential decline in constant currency revenue with a cross-currency headwind of around 20 bps in Q1 FY21

IndiGo's robust balance sheet and competitive cost structure is best placed among Indian carriers to withstand the current disruption and also be in a position to capitalise on growth recovery, the report noted.

Big tech companies must judge whether they can comply with China’s sweeping new security law