Business

Last year, the company said that it has suffered great collateral damage due to a combination of factors, including the crisis in the financial services sector, irrational action by auditors and rating agencies, and a slowdown in the Indian economy.

Request for quotation has already been floating and the due date for applications is October 7, 2020, Kant said.

Among stocks, metal major Hindalco cracked by 4.3 per cent to close at Rs 175.85 per share. ICICI Bank and Bajaj Finance dropped by 1.6 per cent each.

The Russian Direct Investment Fund (RDIF) today announced tie-up with Dr. Reddy’s Laboratories to conduct the clinical trials and distribution of Sputnik V vaccine in India.

In terms of operational parameters, SpiceJet had the best passenger load factor among all airlines in the country during the quarter.

The corresponding Consumer Food Price Index (CFPI) stood at 9.05 per cent in August 2020 as against 9.27 per cent in July 2020.

S&P had earlier forecast India''s economic contraction at 5 per cent. It said the 23.9 per cent contraction in the April-June quarter was larger than expected.

As per Use-based classification, the indices stand at 114.1 for Primary Goods, 70.9 for Capital Goods, 122.9 for Intermediate Goods and 125.2 for Infrastructure/ Construction Goods (Statement III) for the month of July 2020.

According to the ED, an investigation under FEMA was taken up based on a reference received from the Reserve Bank of India (RBI) to check on advance remittances received by certain entities.