LIVE: PM to hold meetings with not more than 500 people in Bengal, says BJP

Even as West Bengal reported 8,419 Covid-19 cases in 24 hours, Union minister Amit Shah is set to lead three rallies and a road show today. Stay tuned for Latest LIVE news

Prime Minister Narendra Modi | Photo: PTI

1:29 PM

HDFC Bank faced five instances of downtime in 28 months

HDFC Bank faced five instances of downtime in last 28 months, said its managing director Sashi Jagdishan in a letter to employees as he talked about ''Technology Transformation Agenda", PTI reported. India’s central bank, in December 2020, temporarily barred HDFC from launching new digital banking initiatives and issuing new credit cards after taking a serious note of service outages at the lender over the last two years.

1:08 PM

Indian automakers say they fear for sales as Covid-19 cases surge

Automobile companies like Maruti Suzuki India, Toyota Kirloskar Motor and Honda Cars fear dent in sales as COVID-19 cases surged across the country.

Maruti, the country''s largest carmaker, said auto sales were related with economic growth and also (being a discretionary purchase) with the consumer sentiment, PTI reported.

12:56 PM

Oil drops after weekly surge as Covid-19 sweeps through India: Bloomberg

Bloomerg reports oil is headed for a back-to-back loss after posting the biggest weekly advance since March, with the pandemic sweeping key importer India and the global case count hitting a weekly record. West Texas Intermediate dropped 0.3, while Brent shed 0.3%. Last week, crude futures were boosted by a wave of positive economic data from the U.S. and China, another drawdown in crude stockpiles, and optimistic assessments about prospects for consumption over 2021 from both the Organization of Petroleum Exporting Countries and the International Energy Agency.

12:12 PM

Investors lose Rs 3.70 trn as markets crack

Investors' wealth in morning trade on Monday tumbled over Rs 3.70 trillion as markets went into a tailspin amid record surge in coronavirus cases in India, PTI reported. The 30-share BSE benchmark index tanked 1,469.32 points to 47,362.71 in early trade.

11:12 AM

Macrotech Developers shares tumble in debut trade

Shares of Macrotech Developers on Monday made a tepid market debut, listing with a discount of over 10 per cent from the issue price of Rs 486. The stock listed at Rs 439, registering a decline of 9.67 per cent from the issue price on BSE. It further tumbled 13.34 per cent to Rs 421.15, reports PTI.

9:49 AM