Business

The sale comes months ahead of Puri's retirement from the bank, which he led to become the largest by assets among private lenders over 25 years.

Some health experts have blamed an exemption from the usual 14-day quarantine which the government granted to 'essential personnel', including cross-boundary truckers and air and sea crew.

The increase took the retail selling price in the national capital to the highest ever rate of Rs 81.94 per litre..

In March, the RBI had announced a moratorium on repayment of term loans till May 31. It was later extended for another three months.

Das said the top priority right now for banks and financial intermediaries should be for augmenting capital levels and improve resilience..

HDFC was the top laggard in the Sensex pack, shedding around 2 per cent, followed by Axis Bank, Asian Paints, SBI, ICICI Bank, Kotak Bank, IndusInd Bank and HDFC Bank.

Udayan Sen was an engagement partner of Deloitte Haskins and Sells LLP, which conducted the statutory audit of IFIN, which is part of diversified IL&FS group, for 2017-18.

India accounts for 40% of US generic drug imports, including the anti-malarial hydroxychloroquine, touted by US President Donald Trump in the fight against the coronavirus.

Sales in Chennai fell 67 per cent to 2,981 units from 8,979 units, while Bengaluru saw 57 per cent decline to 12,177 units from 28,225 units.

The Bengaluru-based company, which logged large deal wins worth USD 1.7 billion during the quarter, saw its digital revenues growing over 25 per cent to USD 1.38 billion.

The rupee opened at 75.23 at the interbank forex market, then lost ground and touched 75.27 against US dollar, down 12 paise over its last close.

As coronavirus infections spike in many states across the country, face masks have become the leading recommendation from health experts and government officials looking to control the pandemic, while reopening the economy.

Merchandise imports contracted 47.59% in June to $21.11 billion from a year ago, while exports fell 12.41% to $21.91 billion, leading to a marginal trade surplus, data released by the Ministry of Commerce and Industry showed.

While Wall Street major Bank of America expects the RBI to slash up to 75 bps if COVID-19 is brought under control by October, Swiss major UBS sees the central bank slashing 50 bps before the end of the fiscal.

Reliance had so far held all in its annual general meeting (AGM) physically with shareholders outside Mumbai could never attend the annual event.

Many analysts are expecting the Indian economy to contract by 5 per cent in FY21 as a result of the nationwide lockdowns, with some also estimating a contraction of up to 7.2 per cent in the GDP.