Business

Indian shares run out of steam after four-day rally, surging virus cases weigh

The Nifty was down 0.02% to 10,761.45 by 0512 GMT, while the Sensex was up 0.06% at 36,510.87. Both indexes gained around 4.5% in the last four sessions, hitting their highest in four months.

Indian households shun downmarket palm oil, cutting demand in lockdown

India’s palm oil imports could plunge 20% from a year ago to 7.5 million tonnes in the 2019/20 marketing year ending on October 31.

Court grants relief to Unilever's India unit over 'Glow & Handsome' trademark

The Indian arm of global consumer giant Unilever said on July 2 it would rebrand its skin-lightening cream ‘Fair & Lovely’ to ‘Glow & Lovely’.

US firms in India not ready to pay digital tax, says lobby group

India in March said all foreign billings for digital services provided in the country would be taxed at 2% from April 1, a move that caught U.S. technology firms off guard as they were battling the coronavirus pandemic.

Face masks, hand sanitisers no longer under essential commodities list

The relaxation announced by the government will help companies freely price, store and market face masks and hand sanitisers, which have been in high demand since the novel coronavirus became a serious threat in the country.?

CAIT announces boycott of video conferencing platform Zoom, seeks JioMeet adoption

CAIT is asking traders and trade associations across the country not to use Zoom as their communication platform any further. It has also called for the adoption of JioMeet video conferencing application

Markets open flat as Sensex, Nifty gain marginally; IT stocks climb

At 9:30 am, Sensex was trading 78 points higher to remain over 36,500, while NSE Nifty was above 10,700 points.?However, markets soon shed gains due to negativity in Asian markets.

02:40

Covid-19 lockdown impact: Why is ice cream industry slowly melting

The ice cream industry in India is in a meltdown due to coronavirus-induced-lockdown. The reserve migration of labouers during the Covid lockdown has badly affected the sale of ice creams in India. For more, watch the full video.

India reviewing around 50 investment proposals from Chinese firms: Report

The Government of India is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter said.

Maharashtra launches jobs portal for sons of soil hit by lockdown

The Maharashtra government on Monday launched the Mahajobs Portal which will connect the local workforce with employers online and provide employment opportunities to people of the state.

Stocks at four-month highs as HDFC Bank, autos climb

Global stock markets rallied as investors bet on a revival in Chinese activity to boost global growth, even as coronavirus cases continued to surge.

Gold slips as risk appetite improves, virus surge caps losses

Spot gold was down 0.1% to $1,772.73 per ounce by 0521 GMT. U.S. gold futures fell 0.5% to $1,780.80.

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