Business

Small businesses account for nearly one-quarter of the country’s $2.9 trillion economy. Hundreds of thousands of cash-starved small businesses have either deferred or cut their workers’ wages this month, say industrialists and union leaders, amid a 21-day nationwide lockdown to stem the spread of the coronavirus pandemic. All India Manufacturers …

The benchmark S&P BSE Sensex rose 9 per cent, the most since May 2009, while the NSE Nifty 50 Index advanced by a similar amount on signs of waning coronavirus pandemic around the world. This is the best day for the Indian markets since 2009. The S&P BSE Sensex index …

The opening rate of gold jewellery stood at Rs 45,121 per 10 grams, according to industry body IBJA Gold Rate On April 7: Gold futures surged nearly 5 per cent on Tuesday as the country entered the fourteenth day of a nationwide lockdown to curb the spread of the coronavirus …

Gold price retreated from a one-month high hit earlier in the session Gold prices fell 1 per cent on Tuesday, retreating from a one-month high hit earlier in the session as risk sentiment improved on wider market optimism that the coronavirus pandemic may be easing. Spot gold was down 0.3 per …

The lockdown has hit states’ tax revenues from fuel and stamp duties A three-week nationwide lockdown is testing the resilience of state governments, with analysts warning that essential public services and health care for millions of Indians will be in jeopardy without further central government and RBI support. States are slashing …

Daily movement of trucks has reportedly collapsed to less than 10% of normal levels The world’s biggest lockdown has brought transportation of goods in India to a near halt, even though the government has exempted the sector from restrictions to halt the spread of coronavirus. Daily movement of trucks has collapsed …

On Friday, rupee had settled at 76.13 against the US dollar. The rupee appreciated by 26 paise to 75.87 against the US dollar in early trade on Tuesday, tracking positive opening in domestic equities, with the forex markets re-opening after the Mahavir Jayanti holiday on Monday as per new timings …

India’s labour participation rate crashed to an all-time low in March, marking a steep fall compared to January, Mumbai-based think-tank Centre for Monitoring Indian Economy (CMIE) said on Tuesday. The labour participation rate or LPR, a gauge of active workforce, dropped below the 42 per cent mark for the first …

Spot gold was up 1.1 per cent at $1,634.95 per ounce by 0930 GMT Gold jumped more than 1 per cent to a more than one-week high on Monday as worries over a global economic slowdown caused by the coronavirus pandemic drove investors to the safe-haven metal. Spot gold was …

MUMBAI: Global exchanges are changing trading rules to protect their markets from intense volatility and speculative trading as the coronavirus pandemic threatens the world economy. Many markets have shortened trading hours, and others are mulling whether to follow suit. Here are some of the measures taken by exchanges across the …