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Business Management

Rate cut fails to hold up markets; Sensex dips 1,310 pts from day’s high

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Fairness market finished Friday’s really volatile session on a subdued notice even as the Reserve Financial institution of India (RBI), in an unexpected emergency transfer, slashed the repo price by a huge seventy five foundation points (bps) to arrest the probable downturn in the overall economy owing to coronavirus (Covid-19) pandemic. In addition, the RBI imposed a moratorium on principal and interest payments for 3 months and explained to financial institutions and non-banking finance organizations that that non-payment won’t be deemed as non-undertaking property (NPA). Go through More

The S&P BSE Sensex shut at 29,816, down 131 points or .forty

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Business Value

Rains, thunderstorms, hail to hold sway over North-West, East India

Reasonably common to common rainfall will split out more than Punjab, Haryana, Chandigarh, Delhi and Uttar Pradesh from Thursday to Saturday (March five to 7) as a refreshing western disturbance enters North-West India from throughout the intercontinental border, an India Meteorological Section (IMD) update stated.

This will possible extend the soaked spell established off by a prior lively western disturbance that made ordinary to excessive rainfall more than North-West India and adjoining Central India more than the past few times. Western disturbances are small-pressure bands of cloudiness, snow, lightning, thunderstorms and hail shifting periodically throughout these spots and deliver rainfall

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