Top 15 finance news of the day

Top finance news updates of the day

Finmin proposes to decriminalise host of minor offences under 19 legislations

The Finance Ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loans, in as many as 19 legislations to help businesses tide over the crisis caused by the coronavirus outbreak. Read more

ED brings back Rs 1,350-cr worth polished diamonds, pearls of Nirav Modi, Choksi firms from HK

The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said. Read more

Sensex jumps 290 pts, Nifty regains 10,100 mark

Key barometers ended with modest gains on Wednesday. The barometer S&P BSE Sensex surged 290.36 points or 0.86% at 34,247.05. The Nifty 50 index rallied 69.50 points or 0.69% at 10,116.15. Read more

Petrol, Diesel Prices Raised For The Fourth Straight Day

On Wednesday, fuel prices were increased for the fourth straight day as government-owned oil marketing companies have restarted their daily revision of prices, ending an 82-day hiatus in rate revision. Read more

Gold Prices Rally For Second Day On Equity Rally Pause; FOMC Outcome Eyed

Gold prices in India gain in line with global cues on June 10, 2020, with prices on the MCX rising 0.12% or Rs. 56 to Rs. 466450 per 10 gm. Read more

Rupee closes almost flat at 75.59 as dollar demand offsets weak crude cues

The rupee pared early gains to settle on a flat note at 75.59 against the US dollar on Wednesday ahead of the US Federal Reserve's monetary policy decision. Read more

FinMin releases Rs 6,195 cr to 14 states

The government on Wednesday released Rs 6,195 crore to 14 states as monthly instalment of the post devolution revenue deficit grant. Read more

10 most expensive cities to live in: Mercer Cost of Living rankings

Indian cities show an increase in rankings in Mercer's Annual Cost Of Living Survey, with Mumbai (19th in Asia) & New Delhi (24th in Asia) placed among the TOP 25 most expensive cities in Asia for expatriates living and working overseas, among those surveyed. Read more

As RBI remains worried over food inflation, how prices of daal and milk rose during COVID-19 lockdown

As India went into a sudden and complete lockdown from March 25 to stall the spread of COVID-19, an unintended fallout was increase in prices of many daily essentials. Read more

Anand Mahindra invests $1 million in Gurugram based tech startup Hapramp

Mahindra Group Chairman Anand Mahindra has invested $1 million (about Rs 7.5 crore) in Gurugram-based Hapramp, a startup working on technologies like blockchain and social media. Read more

Indians pawn gold for loans as borrowing from banks becomes tougher

Umesh Patil, a farmer in western India, pawned 40 grams of gold jewellery to raise 130,000 rupees ($1,723.11) to buy supplies needed to plant his next crop. Read more

Indian economy may rebound with 9.5% growth next fiscal after 5% contraction this year: Fitch ratings

After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday. Read more

53% Indians worried about losing their jobs amid COVID-19: study

A recent study called 'Global Consumer Tracker' conducted by Deloitte showed that 53 percent of the respondents in India said that they were concerned about losing their jobs amid the COVID-19 crisis. However, the health of themselves and their family members occupied their minds more than job security and financial obligations. Read more

Hollywood is getting back to work with new protocols that could change what we see on screen

Starting June 12, Hollywood can resume film and TV production, California governor Gavin Newsom announced over the weekend. While shoots are still subject to approval by public health officials, this opens the door for the entertainment industry to get back to work after the coronavirus pandemic forced a three-month hiatus. Read more

Microsoft AI robot journalists have messed up days after replacing humans with much fanfare

It was just a few weeks ago when tech giant Microsoft announced that it was laying off dozens of journalists and editorial staff who worked for MSN and Microsoft News, and would instead rely on Artificial Intelligence (AI) to curate news and content.  Read more