A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India. Reuters/ File
Indian shares tumbled on Friday, as banking stocks came under pressure after the country’s central bank placed troubled lender Yes Bank under a moratorium and took over its board.
Indian stock markets erased all their initial gains on Friday, with the BSE Sensex closing 131.18 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points.
Coronavirus fears continued to cause mayhem in the stock markets as the BSE Sensex ended over 2,700 points lower and the Nifty50 on the National Stock Exchange (NSE) settled below the 9,200 mark. This is the second biggest single-day fall in the history of Sensex.
Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has met with Takayuki Ueda,
His Highness Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, chaired the periodical meeting of the UAE’s federal General Budget
The COP28 Presidency, in collaboration with the SME Climate Hub and We Mean Business Coalition, has launched a dedicated programme to help small and medium-sized enterprises (SMEs)