Equities recover previous losses led by gains in media, realty, metal stocks


New Delhi, May 20 : Domestic equity benchmark indices erased all its losses they witnessed in the previous session to close sharply higher on Friday. China's cutting of its key lending rate also supported the indices back home. In a bid to stimulate economic activity hit by the latest outbreak of the Covid, the Chinese central bank cut the five-year prime rate by 15 basis points to 4.45 per cent. All the Nifty sectoral indices were sharply higher on Friday, with Nifty realty, media, and metal rising the most. They rose 4.2 per cent, 4.5 per cent, and 4.2 per cent, respectively. On Friday, Sensex closed at 54,326 points, up 1,534 points or 2.9 per cent, whereas Nifty was at 16,266 points, up 457 points or 2.9 per cent. On Thursday, Indian equity benchmark indices took a sharp cut in line with weakness in the US markets. /IANS


Indian insurers create 'fertiliser pool' to cover imports from Russia
Chennai, June 19 : In order to provide insurance cover to fertilisers imported from Russia and Belarus, the Indian insurance sector has created a Rs 5

Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter
New Delhi, June 19 : Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday -- a massive over 70 per cent drop from its recor

Unacademy lays off 150 employees from its PrepLadder team
New Delhi, June 18 : Edtech platform Unacademy has fired more that 150 employees in the second round of layoffs at the company, after it asked around