Top 12 finance stories of the day, June 17, 2020

Round up of the top developments today from financial markets:

Fuel prices hit new high, petrol hiked by 55 paise, diesel by 60 paise for 11th consecutive day

Petrol and diesel prices were on Wednesday hiked for the eleventh consecutive day as part of the daily revision by Oil Marketing Companies (OMCs). With effect from 6 am, the prices of petrol were increased by 55 paise per litre and diesel by 60 paise per litre in Delhi, compared to the previous day. Read more

Rupee recovers 4 paise to close at 76.16 as border tension keeps investors on edge

The rupee pared early losses to settle 4 paise higher at 76.16 against the US dollar on Wednesday tracking gains in domestic equities and a weakening US dollar. Read more

Border tensions weigh on Markets, Sensex ends lower

Benchmark indices ended the day lower, as border tensions continued to weigh on the markets. A clash between Indian and Chinese troops at eastern Ladakh resulted in 20 Indian soldiers being killed. Read more

Gold price 17 June: Gold price plunges to Rs 47,085 per 10 gram

Domestic gold futures plunged by 1.01 percent on Wednesday, 17 June, tracking global rates, as the country slowly eased restriction in a phased manner under ‘Unlock 1.0’. Gold prices this week have also been fluctuation due to fears of a second wave of COVID-19, with new cases being reported in China. Read more

Economic crisis unlike anything seen before: IMF’s Gita Gopinath

IMF chief economist Gita Gopinath has said that the economic lockdown and economic crisis caused by Covid-19 is a truly global crisis. Read more

Foreign investment: India out of Kearney’s FDI Confidence Index in 2020

After falling to the 16th spot in the Kearney's FDI Confidence Index 25-country list in 2019, this year, India has been excluded from the list altogether. On the other hand, the US retained its top spot for the eighth year in a row after dislodging China from the top ranking in 2013. Read more

India versus China: comparison by GDP, economy

As the two Asian giants are embroiled in a deadly clash at the border, here’s a comparison between the nations in terms of geography, economy, population, health and more. Gallery

India & China: how the nuclear giants stack up in military might

The standoff between Indian and Chinese armies along the Line of Actual Control (LAC) in the Eastern Ladakh region has the potential to escalate into something serious. The border discord between the two Asian nuclear giants took a deadly turn when both sides lost many of their men to a scuffle that broke out on Monday evening.  Read more

Maruti Suzuki Swift completes 15 years in India, is best-selling premium hatchback for 14 years

One of India’s most popular hatchbacks of all time, the Maruti Suzuki Swift has completed 15 years in India. Launched in 2005, Swift kick-started the premium hatchback segment in India and has created an image for itself for having a great driving experience which has led to its own fan following. Read more

Qualcomm Snapdragon 690 brings 5G & more

Affordable and mid-range Android smartphones could see the biggest performance jump in years, with Qualcomm unveiling the new Snapdragon 690 processor.  Read more

The pandemic-triggered slump is a great opportunity for NRIs to buy homes in India

India’s real estate sector, like most other industries, is on a slow recovery path after taking a massive hit due to the Covid-19 lockdown. The most optimistic estimates suggest that revival in the industry will begin within six to nine months after the lockdown is completely lifted. Read more

Samsung Electronics launches new customisable refrigerator

Samsung Electronics has launched its new Bespoke refrigerator in selected markets around the world.  Watch video