Business

Representatives of e-commerce companies like Amazon, Flipkart, Snapdeal, Tata Cliq, Paytm, Udaan and Pepperfry participated in the meeting through video-conferencing. This comes against the backdrop of calls to boycott Chinese goods following border clash...

After rallying 482 points during the day, the 30-share index pared gains to end 179.59 points, or 0.52 per cent, higher at 34,911.32.

After lockdown guidelines were relaxed in early June, most states permitted malls and high street retailers to reopen after a gap of more than 70 days.

PNB has already booked a more than Rs 1,000 crore profit as a result of reduction in government securities (G-sec) prices, managing director SS Mallikarjuna Rao said.

Shoppers from across the country will have access to over 7 lakh options from over 3,000 brands during the sale.

Forex traders said positive domestic equities supported the rupee, but factors like rising coronavirus cases and border tension with China weighed on the local unit.

Under the Goods and Services Tax law, businesses and individuals are required to obtain GST registration if their aggregate turnover is Rs 20 lakh or more.

Joshi said the opening of the coal sector to private companies is expected to generate employment for more than three lakh people.

The ministry said the amount will enable rural local bodies to fight the coronavirus pandemic and restart economic activities.

A fine of Rs 15 lakh was imposed on Aditya Omprakash Gaggar for leaking price sensitive information, Securities and Exchange Board of India (Sebi) said in an order.

The union government's fiscal situation is expected to worsen in view of the low tax realisation, higher expenditure on healthcare and overall disruption in economic activities following the coronavirus outbreak.

The number of coronavirus cases in India surged in May and last week the country became the world's fourth worst-hit nation. As of Monday, India had more than 332,000 confirmed cases and about 9,500 deaths.

Due to the nationwide lockdown imposed since March 25, the ministry had released truncated WPI inflation data for April, with figures of food, primary articles and fuel and power.

In a series of tweets, Mahindra said even though the level of transmission is probably significantly higher and largely untraceable and unreported, it shouldn't alarm the world.

Contrary to the view that pharma companies are emerging as safer bets for the investors, he feels that the pandemic could have an adverse effect on most companies, near term.

S&P has projected India's economy to shrink by 5 per cent in the current fiscal, and the growth recover to 8.5 per cent next fiscal.