The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, increased to 30.8 last month from April's record low of 27.4, still well below the 50-mark separating growth from contraction.
the city's finance secretary said that capital will continue to flow freely in and out of Hong Kong.
For May, GCC continues to maintain the same revenue trend as April in spite of Eid holidays, whereas in India revenue has improved by approximately 23 per cent as compared with April, but still down around 20 per cent compared with May last year, the filing said.
Forex traders said foreign fund inflows, weak American currency and positive opening of domestic equities also boosted investor confidence.
In the previous session, the BSE barometer finished at 32,424.10, up 223.51 points or 0.69 per cent, while Nifty advanced 90.20 points or 0.95 per cent to close at 9,580.30.
Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.
The survey pointed to the quickest contraction in output, new orders and work backlog since early 2009, as government-imposed lockdowns globally halted economic activity.
He said that the company has decided to share its support for the racial equality in solidarity with the black community and in memory of George Floyd on Google and YouTube home pages in the US.
Outlining risks related to the occurrence of COVID-19, Infosys said its profitability may be marginally impacted as some clients have sought price reductions or discounts.
The move is likely to help 4.58 lakh housing units across the country. Only RERA-registered projects with positive net worth will be provided funds.
More than 80 per cent of the PPPs that reached financial closure in Asia in the last two decades were in transport sector, and were usually structured so demand risk is retained by the project company through user fees, the blog said.
The minister also advised the firms to bring to his notice if the companies face any roadblock or unfair competition in a country, with which India has a free trade agreement (FTA).
Amid tensions between India and China, Wangchuk, the man who inspired the Bollywood block-buster '3 Idiots', has appealed and asked Indians to boycott all Chinese companies.
HSBC is also looking to boost its market share of wealthy customers in the Asia Pacific region, which has a high number of billionaires.
The Prime Minister will deliver the inaugural address at the Annual Session of the Confederation of Indian Industry (CII) to mark 125 years since its inception in 1895, sources in the industry chamber told PTI.
The department has revised the I-T return forms for the financial year 2019-20 to allow assessees to avail benefits of various timeline extension granted by the government following the COVID-19 outbreak.
Hammered by the health crisis, China's economy shrank 6.8% in the first quarter from a year earlier, the first contraction since quarterly records began.
The penalty has been imposed on Rohit Premkumar Gupta, Navin Kumar Tayal, Jyotika Sanjay Tayal, Advik Textiles & Realpro Pvt Ltd and Kulwinder Kumar Nayyar, and the amount needs to be paid jointly and severally by them, the regulator said in an order.
The company has redeployed Alok Industries' manufacturing facilities in Silvassa, Gujarat for exclusively manufacturing personal protective equipment (PPE) to safeguard doctors, nurses, medical staff and other frontline workers.
HDFC Bank's valuation zoomed Rs 61,612.11 crore to reach Rs 5,21,660.14 crore. The market capitalisation of ICICI Bank jumped Rs 26,487.04 crore to Rs 2,15,029.01 crore and that of HDFC rallied Rs 24,733.64 crore to Rs 2,87,407.32 crore.
As per depositories data, foreign portfolio investors (FPIs) infused a net Rs 14,569 crore into equities but pulled out a net Rs 21,935 crore from the debt segment between May 1-29.
The AI-powered chatbot answers shareholders' queries on the Rs 53,125 crore rights issue, the largest in the history of India Inc, they said.
He said the Centre should also bear the state's shares as most states are not in a position to give their share of Centrally Sponsored Schemes because of the crisis due to lockdown in the country.
Yes Bank Limited has acquired 44,53,48,990 equity shares of Dish TV India Limited constituting approximately 24.19 per cent of the post-issue paid-up share capital as at March 31.
DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years. He said the country do not have e-commerce policy and now the department is currently working on this.
This comes in the backdrop of two Indian pharmaceutical companies -- Cipla and Hetero Labs -- applying to the drug regulator seeking permission to manufacture and sell remdesivir in India.
The data for the first three months of the year doesn't fully capture the impact of a nationwide lockdown imposed in late March as authorities sought to stem the spread of the coronavirus pandemic.
Lenders have been making a case for setting up a bad bank to ease out pressure of bad loans on them in these difficult times.
He serves as an adjunct professor at the Massachusetts Institute of Technology and is on several statutory and advisory boards in India, Europe and the US.
The attachment pertains to two PMLA cases being probed by the central agency, the Rs 3,600 crore VVIP choppers case and the Moser Baer bank fraud case in which the prominent accused are the promoters of the latter firm, businessman Ratul Puri and his father Deepak Puri.
A massive contraction in manufacturing and construction activities pulled India's GDP growth rate down to 3.1 per cent in the last quarter of 2019-20 fiscal from Q3's 4.1 per cent and 5.7 per cent rise reported for the like period of the previous fiscal.
Mistry, the ousted chairman of TSPL, is seeking representation in the company in proportion to the 18.37 per cent stake held by his family, the cross-appeal said.
In its May 20 circular on this issue, Sebi had said many listed entities have made COVID-19 related disclosures under existing regulations, primarily intimating shutdown of operations owing to the pandemic and resultant lockdowns.
The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council.
The Singapore Supreme Court has dismissed an appeal by erstwhile Ranbaxy Laboratories' former promoters Malvinder Singh and Shivinder Singh against .
The plan will generate employment in sectors such as agriculture, fisheries and animal resources development, MGNREGA, forest, and handlooms and handicrafts.The GDP growth was recorded at 5.8% in the corresponding quarter of 2019-20.
The eight core sectors had expanded by 5.2% in April 2019, the data released by the Commerce and Industry Ministry on Friday showed.
The government, however, claims that with relaxations in Lockdown 4.0, which allowed more economic activities, the manufacturing sector has seen a spurt in many cases to up to 33%.
A petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house.
ONGC was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Auto, ITC, Sun Pharma, Nestle India, L&T, Maruti, UltraTech Cement and HUL.
"As part of corporate strategy, the company constantly evaluates various opportunities for enhancing the stakeholders' value. As and when such proposals are considered by the board of directors of the company warranting disclosures, the company shall comply with the disclosure obligations," Vodafone Idea said on Friday.
The rise in the share came on the heels of the firm’s Baddi unit located in Himachal Pradesh getting an establishment inspection report (EIR) from the United States Food and Drug Administration (USFDA). The audit had given nil observations with no action indicated classification (NAI).
Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.
Both US and European business groups are lobbying China to allow foreign workers back into the country after it shut its borders in late March to non-Chinese nationals to curb the coronavirus.
Reacting to the reports, stock of the company rallied 29.89 per cent to Rs 7.56 on BSE. On NSE, it rose sharply by 25 per cent to Rs 7.25.
Axis Bank was the top laggard in the Sensex pack, rising around 3 per cent, followed by IndusInd Bank, Bajaj Finance, Tata Steel, Infosys, HDFC twins and ICICI Bank.
Wipro said in January Neemuchwala had decided to step down due to family commitments.
The MobiKwik app for Android phones does not have the Aarogya Setu app advert now.
The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.
