Top 12 finance news stories of the day, June 23, 2020

Don’t miss the top financial developments from around the country today:

Nifty ends 160 points higher, sees fourth straight day of gains

The Bank Nifty saw strong gains in trade today and ended higher by almost 2.5 per cent, thanks to a rally in the stock of some heavyweights like ICICI Bank. Read more

Gold price 23 June: Gold price rises to Rs 47,947 per 10 gram

Domestic gold futures held firm on Tuesday, 23 June, and rose only by 0.01 percent as a sudden surge in COVID-19 cases worldwide dampened investor sentiment. Read more

Petrol, diesel prices raised again and may continue to increase in the coming days

On Tuesday, fuel prices were hiked for the 17th straight session by state-owned oil marketing companies. The recent back-to-back increase in rates by oil marketing companies like Indian Oil, Bharat Petroleum and HP, only adds to the consumers' burden of a rise in state and central government taxes on fuel. Read more

What is a H-1B visa and how does the ban impact Indians

US President Donald Trump on Tuesday issued a proclamation to suspend issuing of H-1B visas, which is popular among Indian IT professionals, along with other foreign work visas for the rest of the year. Read more

Post US backlash, India's 'Green Corridor' to allow international flights from both sides

The US Department of Transportation on Monday announced that it has barred Air India from operating chartered flights between India and the United States from July 22 without its prior approval. The strong decision from the US came in an apparent retaliation for the Indian government not allowing American carriers to operate between the two countries. Read more

Amazon, Google, Twitter, and other tech companies are speaking out against Trump's freeze on immigrant work visas

The companies said it would make American firms less competitive and less diverse. Read more

OrderMe: Now you can order Patanjali's Coronil kit priced at ₹545 through this app

Yoga guru Baba Ramdev-run Patanjali Ayurved on Tuesday launched Coronil and Swasari, an Ayurvedic medicine, to help treat the novel coronavirus or Covid-19 infection on Tuesday at Patanjali Yogpeeth in Haridwar, Uttarakhand. The Coronil kit, ayurvedic medicine to cure COVID-19 is priced at ₹545. The corona kit is for 30 days. Read more

Unlock 1.0: What it beholds for realty?

A one-of a kind transition is in the process of taking place, as all of us tread our path from multiple Lockdown extensions towards Unlock 1.0., amid this crucial changing phase realty also needs a new framework for adoption. Lockdown was imposed to save lives, now it is time we focus on saving our livelihood. Read more

US accuses India of 'unfair' practices, to regulate chartered flights under Vande Bharat Mission

The United States has described as "discriminatory and restrictive" the Indian government not allowing American carriers operate chartered flights on Indo-US routes even though Air India was doing so under the Vande Bharat Mission. Read more

Reliance Industries to hold virtual AGM for the first time in 2020

Reliance Industries Limited will be holding its annual general meeting (AGM) of shareholders virtually for the first time on 15 July rather than its yearly tradition of holding it at the iconic Birla Matushree Sabhaghar in south Mumbai. Read more

Richest amongst the newly elected Rajya Sabha members

Of the 62 new members elected to the Rajya Sabha on June 19, 52 MPs (84%) are crorepatis. Read more

Manufacturing sectors' share in India's GDP, jobs generated & investment opportunities

The manufacturing industry in India is forever expanding and growing from strength to strength. Now, more than ever, with Prime Minister Narendra Modi’s call to be ‘atma nirbhar’ (self reliant) amidst the coronavirus pandemic and call to boycott Chinese goods, it is essential to delve deeper into the details of each sector in India and recognise the investment potential. Read more