All major financial markets in India will remain closed on Friday on account of Maharashtra Day.
Millions more Americans filed claims for unemployment benefits last week, lifting the number of applications to 30.3 million since March 21, data showed.
Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT.
The greenback weakening overseas and optimism over a COVID-19 drug trial in the US further supported the local unit, forex traders said.
Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period.
The Internet and Mobile Association of India (IAMAI) has submitted a blueprint suggesting a road map for opening up e-commerce based on the current containment model of zoning.
The ministry constructed 10,855 km of national highways against the targeted 16,420 km in fiscal 2019, with an average daily construction rate of about 30 km.
The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.
The report further said that the supply additions through infrastructure development boost short-term as well as the potential rate of GDP growth.
Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 per cent, higher at 33,717.62.
The petitioner contended that telephone operators and ISPs ought not to charge citizens for services not used by them while following the government's directions.
The company said it is the first firm in India to receive such an approval from the Drug Controller General of India (DCGI).
The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned.
Industry representatives said while some hotels have chosen not to entertain new guests, some have stepped up hygiene and sanitisation measures.
In its filing with the Bombay Stock Exchange (BSE), the company said that the board of directors of JustDial has given its nod to a buyback proposal worth maximum Rs 220 crore.
The final report of the task force on NIP for 2019-2025 suggested steps like deepening bond markets, setting up of development financial institutions and land monetisation to meet the funding needs,
In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.
After surging 1,167 points during the day, the 30-share index settled 997.46 points or 3.05 per cent higher at 33,717.62. It hit an intra-day high of 33,887.25.
A committee headed by the state’s chief secretary that also includes representatives from South Korea and Japan will submit a report within one month.
The NSE Nifty 50 index advanced 3.11 per cent to 9,850.3 by 0455 GMT, while the benchmark S&P BSE Sensex was up 3.1 per cent at 33,734.26. Both indexes were on course for their fourth straight session of gains in a holiday shortened week.
On Wednesday, another Indian pharmaceutical company, Strides Pharma Science Ltd, said it had developed and commercialised favipiravir antiviral tablets, and had applied to Indian drug authorities to start trials.
The surge came after market sentiments improved as more countries are announcing the gradual lifting of lockdowns that have been imposed to contain coronavirus infection.
Rising scrap supplies amid a fall in demand could dent the world's second-biggest bullion consumer's imports and cap a rally in global prices, which hit a more than seven-year high earlier this month.The NSE Nifty 50 index advanced 2.05 per cent to 9,749.5 by 0350 GMT, while the benchmark S&P BSE Sensex was up 2.18 per cent at 33,432.25. Both indexes were set for their fourth straight session of gains.
Oil prices have plunged to historic lows in recent weeks as collapsing demand due to worldwide lockdowns prompted a massive glut and led to storage capacity filling up.
A top US health official said Gilead Sciences Inc's antiviral drug remdesivir is likely to become the standard of care for Covid-19 after early results from a clinical trial showed it helped certain patients recover more quickly.
The Energy Information Administration expects jet fuel use to fall 34% in the second quarter. In addition, the agency expects gasoline use to drop by 25% from April to June.
The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.The Rs 1 lakh crore flagship Delhi-Mumbai Expressway project is scheduled to be completed within three years and and expected to cut down the travel time between Delhi and Mumbai to just 12 hours.
The ILO also projects that 1.6 billion workers in the 'informal economy,' stand in immediate danger of having their livelihoods destroyed.
MFIs have been hit hard by the COVID-19 pandemic, with many finding it difficult to meet the operating costs and pay salaries during the ongoing lockdown.
Chief Economic Adviser K Subramanian said policy making in India happens throughout the year, coming up with a separate budget may only be a legal way to go about it.
The scrip closed the day at Rs 438.85, 3.67 per cent lower at the BSE. During the day, it declined 6.15 per cent to Rs 427.50.
Vodafone Idea, formerly known as Vodafone Mobile Services Ltd, had however sought Rs 4,759.07 crore in tax refund from for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.
The Reserve Bank in October 2018 had barred the bank from granting or renewing any loan for six months and later extended the curbs twice. The bank was allowed to continue to undertake banking business with restrictions till "its financial position improves".
The need for more space due to potential social distancing norms in the near and distant future, expert say, is likely to offset the space gained by people working from home.
A study by Deloitte found that 27 companies of the 100 listed on the NSE, won't be able to sustain current wage bill from cash profits, if their revenue dips by 30 per cent or more.
Indian markets opened on positive note taking positive cues from its Asian peers and ahead of U S Federal Reserve's decision on interest rates amid ongoing coronavirus pandemic.
India's equity markets have lost more than a fifth of their value this year, while the S&P 500 has corrected by just over 11 per cent. The S&P 500 also has almost no correlation with India's markets, making it an ideal hedge for domestic investors.
Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more countries are announcing gradual lifting of lockdowns that have been imposed to contain coronavirus infection.HDFC was the top gainer in the Sensex pack, rallying nearly 5 per cent, followed by Bajaj Finance, HDFC Bank, Tech Mahindra, M&M, Reliance Industries and NTPC.
Serum, the world’s largest maker of vaccines by volume, is mass-producing the vaccine candidate developed by the University of Oxford.
Oil prices were declining even before the pandemic hit as producers flooded the market with more oil than the world could use.While storage is rapidly filling up, production cuts by US shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day for May and June, should help slow flows into tanks.
This is the second deadline extension to submit bids for Air India since it initiated the process of stake sale in the debt-ridden airline on January 27.
According to the Ministry of Labour and Employment, the number of withdrawals from exempted PF trusts has also increased. According to the data on April 27, a total of 79,743 exempted PF trust account holders withdrew Rs 875.52 crore from the accounts.
The recruitment exam will comprise three stages: Phase I, Phase II and Phase III. Upon attempting the wrong answers 0.25 number will be deducted.The Mumbai-based Axis booked provisions of 77.30 billion rupees for the quarter, or nearly three times higher than last year, including 30 billion rupees towards COVID-19, the lender said in a regulatory filing.
