Search Results for: pharma stocks

Stocks stage furious rally late after national emergency declared

After U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, the US stocks staged a furious rally in the waning moments of the session on Friday.

Mar 14, 2020

Roller coaster Friday: Sensex recovers whopping 5400 points after hitting lower circuit

Soon after the trading session was resumed, the indices at both BSE and NSE Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows.

Mar 13, 2020

Stock markets bleeds: Sensex crashes 2,700 points, Nifty below 10,000 mark amid Covid-19 fears

The US S&P 500 futures slipped as much as 4.9 per cent, a day after losing 4.89 per cent, putting the index firmly in a bear market territory for the first time since the 2008 global economic crisis.

Mar 12, 2020

Coronavirus fear: Thousands of chickens buried alive in Karnataka

A poultry farmer in Karnataka buried thousands of alive chickens after chicken prices plunge and as demand goes down

Mar 11, 2020

Economic impact of Coronavirus outbreak: What should global policymakers do to avert crisis?

Besides economic uncertainty that currently exists, the coronavirus outbreak will cost the global economy up to $2 trillion, according to findings in the UNCTAD report. It might trigger a recession in some countries and a deceleration of global annual growth to below 2.5 per cent.

Mar 10, 2020

Two Amazon employees tested positive for COVID-19

Stocks savaged, Italy on lockdown, Trump seeks to reassure as coronavirus spreads

All of Italy under lockdown, reeling financial markets and rioting prisoners made clear on Monday, March 10 how the global coronavirus epidemic was extending its reach into all aspects of social and economic life.

Mar 10, 2020

Mayhem at Dalaal Street: Here what dragged indices on stock market

The cumulative market capitalization on BSE tanked to Rs 137.46 lakh crore today vis-a-vis Friday's close of Rs 144.31 lakh crore amid an intensifying rout in global stocks.

Mar 9, 2020

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

An RBI moratorium was the last resort to ensure Yes Bank lives through its crisis of deteriorating financial health and a huge pile of bad credits, while State Bank of India stepped in to save the bank by suggesting schemes of reconstruction or amalgamation.

Mar 7, 2020

YES Bank revival scheme: RBI announces reconstruction plan for capital-starved bank, what it means

As per the Scheme of Reconstruction, the Reserve Bank invited suggestions and comments from members of the public, including the banks' shareholders, depositors and creditors on the draft scheme.

Mar 6, 2020

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Oyo issues coronavirus advisory to its employees and announces 5,000 job cuts globally. The job cuts are a part of the company's restructuring announcement in January 2020, and not owing to Covid-19 scare, an OYO spokesperson clarified.

Mar 5, 2020

Can scientists find coronavirus treatment?

Coronavirus drug: Japan's Takeda Pharma says it is developing COVID-19 medicine

The Japanese firm said it was working on a plasma-derived therapy which had previously been shown to be effective in the treatment of severe acute viral respiratory infections.

Mar 5, 2020

schools take preventive measures for coronavirus

Coronavirus outbreak: Schools in Karnataka give leave to students, staff if unwell

Karnataka and Noida have taken steps to keep coronavirus at bay by shutting down schools and giving leave to students and staff who are unwell.

Mar 3, 2020

Due date for linking PAN-Aadhaar card extended: Here's all you need to know

The Income-Tax department will charge a fine of Rs 10,000 in case of failure to link the PAN card with the Aadhaar card before the due date.

Mar 3, 2020

GDP growth further sinks to 4.7%; 'steadiness' in economy a good sign says FM

Turning a blind eye to the struggling state of the economy, Finance Minister Nirmala Sitharaman argued that the "steadiness" in the economy is a good sign

Feb 29, 2020

No delay in mega-merger of 10 PSU banks from April 1, loans will be restructured: Nirmala Sitharaman

The speculation around mega-merger of 10 PSU banks to be delayed by at least 6 months owing to regulatory hurdles and need for extra funds to manage the merger has been put to rest. Finance Minister, Nirmala Sitharaman confirmed the merger will indeed happen on April 1.

Feb 28, 2020

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