Chris Thomas

India's coronavirus cases cross 200,000, peak still weeks away

11:41am IST

NEW DELHI India's coronavirus infections crossed 200,000, official figures showed on Wednesday, and a peak could still be weeks away in the world's second-most populous country, where the economy has begun re-opening after a lockdown imposed in March .

Reliance to sell $750 million stake in unit to Silver Lake, on track to cut debt

04 May 2020

NEW DELHI/BENGALURU India's Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc , boosting its efforts to cut debt.

Indian shares soar on COVID-19 drug hopes, set for best month since 2009

30 Apr 2020

BENGALURU, April 30 Indian shares jumped more than 3% on Thursday and were set for their best month in nearly 11 years, as sentiment improved on promising early results from a COVID-19 drug trial, while heavyweight Reliance Industries gained ahead of its results.

Indian shares hit six-week high, HDFC surge lifts banks

29 Apr 2020

BENGALURU, April 29 Indian shares rose more than 1% on Wednesday to their highest in over six weeks, tracking an improved global mood due to the easing of some coronavirus lockdowns, while a surge in HDFC pulled financial stocks higher.

REFILE-Indian stocks jump 2% as cenbank eases MF liquidity worries

27 Apr 2020

BENGALURU, April 27 Indian shares rose more than 2% on Monday, powered by gains in banking and asset management company stocks after the central bank launched a special liquidity facility for mutual funds to ease the pressure due to the coronavirus pandemic.

Banks, IT stocks buoy Indian shares as stimulus hopes support

23 Apr 2020

BENGALURU, April 23 Indian shares rose in line with Asian markets on Thursday as oil prices recovered from a collapse earlier in the week, while hopes of a new stimulus package to mitigate the economic damage caused by the coronavirus outbreak lifted sentiment.

Indian shares rise over 1% on Reliance jump, stimulus hopes

22 Apr 2020

BENGALURU, April 22 Indian stocks rose on Wednesday, lifted by an 8% surge in Reliance Industries Ltd after Facebook invested in its digital business, while expectations of a fiscal stimulus to combat the coronavirus pandemic bolstered sentiment.

Nifty, Sensex rattled by oil plunge as coronavirus takes toll

21 Apr 2020

BENGALURU Indian shares fell nearly 3% on Tuesday, as a historic overnight plunge in U.S. crude oil to below zero highlighted the economic damage caused by the coronavirus-led lockdowns.

Nifty, Sensex rise on HDFC Bank boost, coronavirus fears cap gains

20 Apr 2020

BENGALURU Indian shares trudged higher on Monday on the back of a rally in HDFC Bank Ltd following strong quarterly results, although gains were limited by losses in other banks and consumer goods stocks amid rising cases of the coronavirus.

Indian shares fall as dour Wipro outlook hits IT firms

16 Apr 2020

* Wipro falls up to 3.5%; TCS down ahead of results (Adds analyst comment, updates shares)

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