Business

RBI Governor Shaktikanta Das today announced cut in benchmark interest rate, Repo Rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19.

Mumbai (Maharashtra): Reserve Bank of India Governor Shaktikanta Das announced a reduction in the repo and reverse repo rate on...

RBI Governor Shaktikanta Das while addressing the media said, Repo rate has been reduced by 75 basis points to 4.4.%...

Mumbai (Maharashtra): Equity benchmark indices were buoyant during early hours on Friday ahead of a media briefing by Reserve Bank...

Prime Minister Narendra Modi had on Tuesday announced a 21-day lockdown in the entire country effective from midnight to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly. 

MSCI's broadest index of Asia Pacific shares outside Japan fluctuated between gains and losses while Japan's Nikkei slumped by 3.2 per cent.

A day earlier, Finance Minister Nirmala Sitharaman said the economic package is in works. Sooner or later, the government will announce the package to help the markets and industry, she said.

In a televised address to the nation, Prime Minister Modi said that it is vital to break the chain of the disease and experts have said that at least 21 days are needed for it.

If a company director does not comply with the minimum residency requirement, it will not be treated as a violation. The deadline to maintain a deposit reserve of 25 per cent by April has been extended to June 30.