China unexpectedly cuts reverse repo price by most in 5 years to assist virus-hit economic system

China’s central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities stepped up measures to relieve pressure on an economy ravaged by coronavirus pandemic.The People’s Bank of China (PBOC) said on its website that it was lowering the 7-day reverse repo…

Financial institution of Baroda cuts private, retail mortgage charges by 75 bps to 7.25%

The BRLLR linked to RBI Repo Rate is revised downwards in line with the reduction on Reserve Bank of India Repo Rate from 5.15 percent to 4.40 percent, it said. Bank of Baroda on Monday said it has slashed the interest rate on loans for retail, personal and Micro, Small and Medium Enterprises (MSMEs) to…

Trai to telcos: Prolong pay as you go validity so customers get uninterrupted providers throughout lockdown

NEW DELHI: Telecom sector regulator Trai has asked telecom operators to extend the validity period of prepaid users to ensure that subscribers get uninterrupted services during the 21-day nationwide lockdown. Telecom Regulatory Authority of India (Trai) has also sought details of the steps being taken to ensure availability of uninterrupted telecom services to such customers…

Mom Dairy seeks to make use of e-grocers’ community for clean distribution

Home / India News / Mother Dairy seeks to use e-grocers’ network for smooth distribution Mother Dairy spokesperson said that the company has also written to the Resident Welfare Associations (RWAs) and the district administration in Delhi-NCR to contact the milk processing company to set up temporary milk distribution kiosks. india Updated: Mar 30, 2020…

Coronavirus lockdown | Hero MotoCorp suspends full funds to suppliers: Report

Hero MotoCorp reportedly has the highest share of the total 700,000 unsold BS-IV scooters and motorcycles in India. Amid the coronavirus lockdown, Hero MotoCorp has suspended full payments to suppliers since sales have paused and there is “no visibility of receivables,” according to a report by The Economic Times.The two-wheeler manufacturer’s dealerships will be closed…

Market Reside: Sensex falls 700 pts, Nifty beneath 8,500; auto, metallic below stress

App Get App Select LanguageEnglish हिंदी गुजराती Mar 30, 2020 12:47 PM IST | Source: Moneycontrol.comExcept Pharma and FMCG all other sectoral indices are trading lower. BSE Midcap Index down 2 percent, while Smallcap Index down over 1 percent. March 30, 2020 12:35 PM ISTMarket Update: Benchmark indices are trading lower with Nifty below 8,450…