Borrowers are worried as micro-financing firms, private banks and some primary co-operative societies have stepped up pressure for recovery of loans, going against the spirit of Reserve Bank of Indiaâs moratorium relief. With the lockdown norms relaxed, their agents have entered the villages knocking at the doors of the borrowers asking them to pay the […]
Tag: indian government
Hyundai India rolls out 200 cars on first day of production restart
Hyundai Motor India has rolled out 200 cars on the first day of production restart at its Sriperumbudur plant near Chennai. The company commenced production operations on May 8, ensuring 100 % social distancing compliance in accordance with standard operating procedures as laid down by both the central and state governments. Hyundai is adhering to […]
India: Nifty ends above 9,200 Sensex up 199 pts
Indian equity benchmarks the Sensex and the Nifty ended higher on May 8, supported by strong gains in heavyweights such as Reliance Industries and Hindustan Unilever, as positive Asian peers underpinned investor sentiment. The Sensex rose 199 points to 31,642, while the Nifty closed 52 points higher at 9,251. The broader markets underperformed, as the […]
Indian Government hikes excise duty on petrol by Rs 10/litre and diesel by Rs 13/litre
A government official told CNBC-TV18 that the price hike will be absorbed by OMCs. In order to tackle the economic fallout of the coronavirus outbreak, the government on May 5 hiked excise duty on petrol and diesel by Rs 10 and Rs 13 respectively. The hike in duty has taken away gains from falling global […]