An exemption of lockdown rules after 20 April for NBFCs, HFCs, and rural construction!
Authorities on Friday exempted few activities, including the operation of Non-Banking Financial Companies (NBFCs) and construction in rural areas.
Recommendation of irrevocable dividend by TCS
TCS has urged a final dividend of Rs 6/ Equity share of Rs 1, each of the company will be paid on the fourth day from the conclusion of the annual greeting meeting.
Major contracts were given to L&T Construction.
Contracts worth ₹1,000-2,500 crores have been awarded to L&T Construction (1) and Business.
Providing Asset classification to accounts under 3 Month moratorium by RBI
RBI has finalized to give NPA Classifications to the accounts under 3Month moratorium between March 1 and 31 May. The statement was issued governor Shaktikanta Das on Friday.
Other significant updates from the stock market:
- Nifty Pharma and FMCG slip into the red.
- A rise of 600 points in Sensex.
- SEBI intensifies scrutiny of FPIs from eleven Asian countries.
- A profit Drop till FY22 for Fitch Ratings Ltd.
- RBI to conduct targetted repo operations for Rs 50,000 crores to begin in tranches of suitable sizes.
- RBI decreases reverse repo rate from 4% to 3.75%, says RBI Governor.
- RBI is sharply monitoring everyday situation says RBI Governor.
- Indian Rupee increases by 29 to 76.58 paise in early trade.
- Sectoral indices in the green.
- S&P slashed its growth for FY21 to 1.8%. Last month it was 3.5%
- RBI Governor, Shaktikanta Das addressed the nation at ten today.
- Nirmala SItharaman, the Finance Minister, will soon announce a stimulus package.
- RIL surge by 3%.
- Dr. Reddy’s achieves 52 weeks high
- TCS, most prominent IT Services in India, rise by 7.25%.
- The Sensex opened with over 1050 additional points on Friday.
- Tops stocks of friday’s trading session include TCS, IndiGo, Reliance Industries, SpiceJet, and Motherson Sumi.
- The stock market of India settled on a higher note on Thursday.
- Trump’s statement to recover its economy has prompted a massive demand for crude oil. Consequently, Brent was up by 75 cents.
- Singapore’s SGX Nifty rose by2.6%.
- Japan’s Topix index computed 1.3%.
- South Korea’s Kospi grew by 3.5%.
- Australia’s S&P/ASX 200 Index increased 2.5%.
- Shanghai Composite Index surged 0.9%.
- Hang Seng Index soared by 2.5%.
- Euro Stoxx 50 futures rose 2.9%.
- Amazon and Netflix witnessed high records, which in turn rose Wall Street