Performance in March has eclipsed declines during events such as demonetisation in late 2016, implementation of the goods and services tax (GST) in 2017 and the global financial crisis of 2008, experts said. Passenger vehicle sales are seen at 145,000-150,000 units in March, halving from the year-ago month. Two-wheeler sales are expected to have slipped below a million units.
Investors grew edgy after the bank management laid out its strategy and the state of affairs at the lender which has seen a management change with long time chief executive Romesh Sobti making way for an insider, Sumant Kathpalia.
Kotak Institutional Equities has maintained buy rating on Petronet LNG and reduced target price to Rs 300 from Rs 325.
It is time for US to participate in balancing the oil market as Russia-Saudi Arabia#39;s price war hurts crude.
Trump ordered the Department of Energy, or DOE, on March 13 to take advantage of low oil prices and fill the reserve "to the top", in an effort to help domestic drillers suffering from the global oil price drop. But carrying out the order has been tricky.
The poll conducted on March 30-31 of more than 1,100 American adults found that 46 percent of registered voters said they would support Biden if he were running against Trump in the November 3 election, while 40 percent said they would vote for Trump.
Trends on SGX Nifty indicate a negative opening for the index in India with a 44 points loss.
"It#39;s absolutely critical for the American people to follow the guidelines for the next 30 days. It#39;s a matter of life and death," Trump said during a news conference at the White House.
The exercise assumes significance as it is taking place at a time when the entire country is under the grip of the COVID-19 outbreak, which has triggered a 21-day lockdown.
On the issue of swap arrangements, the finance minister encouraged IMF to use its existing resources to create a non-stigmatised short-term liquidity swap facility which could be rapidly deployed as and when needed by the countries.
"We do not intend to interfere with the free discussion about the pandemic, but direct the media refer to and publish the official version about the developments," the apex court order said.
MSCI#39;s broadest index of Asia-Pacific shares outside Japan gained 0.35% in early trade.
Non-manufacturers#39; sentiment also worsened to levels not seen in seven years as travel bans, event cancellations and social distancing policies hurt consumption, the Bank of Japan#39;s "tankan" quarterly survey showed on April 1, clouding an already darkening outlook for the economy.
Live updates of the novel coronavirus pandemic and its economic impact. Total confirmed cases in India have risen to 1,397.
Brent crude was down by 21 cents, or 0.8%, at $26.14 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude was up by 27 cents, or 1.3%, at $20.75 a barrel.
The Dow Jones Industrial Average fell 313.21 points, or 1.4%, to 22,014.27, the SP 500 lost 39.15 points, or 1.49%, to 2,587.5 and the Nasdaq Composite dropped 77.74 points, or 1%, to 7,696.41.
Spot gold was up 0.4% at $1,577.83 per ounce, as of 0030 GMT, having slumped 3.1% in the previous session. U.S. gold futures slipped 0.3% to $1,591.30.
On March 31, the Indian rupee ended flat at 75.62 per dollar against Monday#39;s closing of 75.61. MSCI#39;s broadest index of Asia-Pacific shares outside Japan gained 0.35% in early trade. The Dow Jones Industrial Average fell 313.21 points, or 1.4%, to 22,014.27, the SP 500 lost 39.15 points, or 1.49%, to 2,587.5 and the Nasdaq Composite dropped 77.74 points, or 1%, to 7,696.41.
The Nifty reclaimed 8,575 this week after some lower-level buying was witnessed in heavyweights like Reliance Industries, HDFC twins and Infosys.
Wall Street's three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.
Japan's Nikkei firmed 1.0% after a jittery start, while South Korea added 2%.
Some lenders, particularly private sector institutions, fear that if a large number of borrowers refuse to service loans, Reserve Bank of India’s measures to soften the blow from Covid-19 could fall short of requirement. In such a situation the moratorium on interest and loan repayment will more than offset the benefits of extra liquidity.
The move reflects the acute distress the industry is going through after a nationwide lockdown forced by the Covid-19 virus outbreak resulted in shuttering of manufacturing facilities and dealerships for automobile companies.
The maker of Royal Enfield motorcycles has suspended payments to a few of its suppliers.
Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared by the Food and Drug Administration, can meet the needs of most COVID-19 patients and relies on air pressure without the need for electricity.
The pandemic is causing "an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region," said Aaditya Mattoo, World Bank chief economist for East Asia and the Pacific on Monday.
Trump said last week that the two drugs could be a "gift from God," despite scientists warning against the dangers of overhyping unproven treatments.
Trends on SGX Nifty indicate a positive opening for the index in India with a 197 points gain.
Live updates of the novel coronavirus pandemic and its economic impact. The total number of confirmed COVID-19 cases in India has risen to 1,251.
This is the first time a Samsung chip factory employee has tested positive for the virus, although several confirmed cases at the tech giant#39;s smartphone factory in South Korea#39;s southeastern city of Gumi resulted in a temporary suspension.
The H-1B visa is a non-immigrant visa that allows the US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
A total of 78,569 employees of BSNL and 14,387 staffers of MTNL have opted for the voluntary retirement scheme (VRS) which closed on December 3, 2019.
Mainland China had 48 new cases on March 30, the National Health Commission said in a statement, up from 31 new infections a day earlier.
Japan#39;s Nikkei firmed 1.0% after a jittery start, while South Korea added 2%. "The guidelines will be very much as they are, maybe even toughened up a little bit," he told reporters in remarks at the White House.
Brent crude was up by 19 cents, or 0.8%, at $22.95 a barrel by 0051 GMT, after closing at $22.76 in the previous session, the lowest close since November 2002.
JPMorgan Chase Co said on Saturday it expected real U.S. gross domestic product to fall 10% in the first quarter and plunge 25% in the second quarter.
Nearly 738,500 people have been infected across the world and about 35,000 have died, according to a Reuters tally. Spot gold was down 0.3% at $1,616.34 an ounce, as of 0037 GMT. U.S. gold futures eased 0.1% to $1,641.20.
As far as support is concerned, the level of 8,095 on Nifty would play a key role Japan#39;s Nikkei firmed 1.0% after a jittery start, while South Korea added 2%. JPMorgan Chase Co said on Saturday it expected real U.S. gross domestic product to fall 10% in the first quarter and plunge 25% in the second quarter. As far as support is concerned, the level of 8,095 on Nifty would play a key role
Unless Nifty crosses the 9,000-mark, the index could head back to 7,500 or lower.
Broadbent had been CFO at the New York financial services company and investment bank since November 2007, following a 16-year career at Morgan Stanley, where he was head of institutional controllers for fixed income, equity and investment banking.
Investors must look at the Asian Crisis of 1997 for a roadmap, says chief economist, Aletheia Capital.
The National Health Commission said in a statement on Monday that 31 new coronavirus cases were recorded on Sunday, including one locally transmitted infection, dropping from 45 cases a day earlier. U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT, while Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.