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The government of India (GoI) has announced the sale (re-issue) of three dated securities for Rs 19000 crore. These include 6.18% GS 2024 9,000, 7.57% GS 2033 4,000 and 7.16% GS 2050 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based (for all securities), using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.

Reserve Bank will review the timeline and amount, depending upon market conditions

The employees of the Reserve Bank have decided to contribute one or more day's salary to the PM CARES Fund, in response to the call to support during the emergency situation. The total contribution from the employees amounting to ₹7.30 crore is being remitted to the PM CARES Fund. The COVID-19 pandemic and the related dislocation in normal economic activity has severely affected the economically weaker sections of the society and their means of livelihood. To help the people affected by any kind of emergency or distress situation, like the one posed by the COVID-19 pandemic, Government of India has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to receive contributions from various sources.

The index of mineral production of mining and quarrying sector for the month of February, 2020 (Base: 2011-12=100) at 123.7, was 10.0% higher as compared to the level in the month of February, 2019. The cumulative growth for the period April- February, 2019-20 over the corresponding period of previous year has been (+) 1.9 percent. Mining & Mineral Statistics Division of Indian Bureau of Mines functions as the nodal agency for statistics on mineral sector and releases this information.

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Eight core infrastructure sector output rises marginally by 0.6% in FY2020

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The government of India (GoI) has announced the sale (issue /re-issue) of three dated securities for Rs 19000 crore. These include 5.09% GS 2022 3,000 May 08, 2020, New GS 2030 (maturing on May 11, 2030) 10,000 and 7.19% GS 2060 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be Yield based for New GS 2030 and price based for remaining securities using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Powered by Capital Market - Live News

Powered by Capital Market - Live News

Sales rise 69.34% to Rs 35.41 crore

Sales decline 12.66% to Rs 406.57 crore

Sales decline 7.68% to Rs 1073.60 crore

Sales decline 6.19% to Rs 656.05 crore

Sales rise 27.54% to Rs 13.20 crore

Sales rise 6.60% to Rs 209.26 crore

Sales decline 0.77% to Rs 462.25 crore

For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019

Sales decline 10.50% to Rs 237.94 crore

Sales decline 2.13% to Rs 3415.14 crore

Sales decline 2.72% to Rs 6.09 crore

Sales decline 53.40% to Rs 276.85 crore

Sales decline 57.18% to Rs 118.66 crore

Sales rise 13.39% to Rs 1798.05 crore

Sales decline 8.53% to Rs 175.13 crore

Sales decline 33.91% to Rs 3580.00 crore

Sales decline 9.01% to Rs 3625.86 crore

Most exit polls see loss for Jaya; Assam for BJP; left turn for Kerala

State Bank of India was transferring the money from Coimbatore to Vishakhapatnam to tide over a cash shortage in Andhra Pradesh when the vans were seized by the Election Commission

The counting of votes will decide the fate of approximately 8,300 candidates

Sun TV is promoted by DMK chief M Karunanidhi's grand-nephew Kalanithi Maran

A look at key faces who helped their parties cross the finish line

BJP wins in Assam, opens account in Kerala; Congress loses two states; Left sweeps Kerala; Mamata decimates Opposition in West Bengal

The ministry plans to achieve this target by doubling the current pace of electrification

But rail officials expect to achieve at least last year's actual, which is close to Rs 1 lakh crore

26% bridges are over 100-year old, 5% crossed 140 years

Gillette India fell 1.13% to Rs 4,934.50 after net profit slumped 40.31% to Rs 52.38 crore on a 12.66% drop in net sales to Rs 406.57 crore in Q3 March 2020 over Q3 March 2019.

At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 433.52 points or 1.38% at 31,876.29. The Nifty 50 index rose 120 points or 1.3% at 9,319.05

In the broader market, the S&P BSE Mid-Cap index was up 0.22% while the S&P BSE Small-Cap index down 0.1%.

Adani Gas rose 3.55% to Rs 107.85 after standalone net profit surged 61% to Rs 122 crore on 1% fall in revenue from operations to Rs 490 crore in Q4 March 2020 over Q4 March 2019.

As per provisional closing, the barometer S&P BSE Sensex gained 199.32 points or 0.63% at 31,642.70. The Nifty 50 index gained 51.55 points or 0.56% at 9,250.60.

As fears of the novel coronavirus spread through the U.S., the high-contact tradition of presidential campaigning came to a halt. WSJ's Gerald F. Seib explains what Americans may see as campaigning resumes. Photo: Shutterstock/Zuma Press

Sales decline 2.83% to Rs 616.61 crore

Sales rise 25.20% to Rs 3186.96 crore

Total Operating Income rise 11.47% to Rs 21740.68 crore

Sales rise 49.79% to Rs 21.69 crore

Sales decline 2.13% to Rs 476.13 crore

RBI issues revised Calendar for issuance of Marketable Dated Securities for the remaining period of H1 (11 May - 30 September 2020)