1 / 101. Asia: Asia markets traded mixed Monday morning as investors continue to watch for developments on issues such as the coronavirus pandemic. Japanese stocks led losses among the region’s major markets, with both the Nikkei 225 and Topix indexes dropping 1.31 percent each in early trade.Meanwhile, South Korea’s Kospi advanced 0.41 percent. Over in Australia, the S&P/ASX 200 hovered around the flatline. Overall, the MSCI Asia ex-Japan index traded 0.06 percent higher.Investor attention was likely be on lawmakers stateside as they attempt to push forward on another coronavirus stimulus package. (Image: Reuters)
2 / 102. US: U.S. stock futures rose on Sunday night as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations. Dow Jones Industrial Average futures traded 43 points higher, or 0.2 percent. S&P 500 futures gained 0.1 percent along with Nasdaq 100 futures. Traders also turned their eyes to Washington as lawmakers tried to push forward on another coronavirus stimulus package. (Image: AP)
3 / 103. Crude Oil: Oil prices moved slightly higher on Friday supported by economic data from Europe, but gains were limited as tensions between the United States and China flared. Brent crude futures settled 3 cents higher at $43.34 per barrel. West Texas Intermediate crude futures gained 22 cents to settle at $41.29 a barrel. China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a U.S. demand this week that China close its Houston consulate. (Image: AP)
4 / 104. Rupee Close: The Indian currency slipped 8 paise on Friday as weak domestic equities and escalating tensions between the US and China weighed on investor sentiment. The rupee ended at 74.83 against the US dollar over its previous close of 74.75. It opened on a weak note at 74.94 at the interbank forex market. Forex traders said concerns over growing tensions between the US and China dragged down the local unit. (Image: Reuters)
5 / 105. Market At Close On Friday: Indian shares trimmed early losses to end flat on Friday as gains in IT stocks and index heavyweight Reliance Industries capped the losses. RIL hit another record high in intraday-deals and settled over 4 percent higher for the day while losses in financials heavyweights ICICI Bank, HDFC Bank, HDFC, Axis Bank and Kotak Bank kept the index in the red. The Sensex ended 11 points lower at 38,129 while the Nifty fell 21 points to 11,194. However, for the week, both the indices were up over 2.5 percent. (Image: Reuters)
6 / 106. Govt Receives 2.6 Applications For Loans Under PM-SVA Nidhi Scheme: The government has received 2.6 lakh applications for loans under PM-SVANidhi Scheme and has disbursed loans to more than 5,500 applicants so far. Also, over 64,000 applications have been sanctioned, an official release said. Prime Minister Narendra Modi on Saturday reviewed the implementation of the PM-SVANidhi Scheme of Ministry of Housing & Urban Affairs under which it will provide microloans up to Rs 10,000 to street vendors. While noting that the Ministry of Housing and Urban Affairs is working on a complete IT solution including mobile application for seamless implementation of the scheme, Prime Minister said that the scheme design should incentive use of end-to-end digital transactions by the street vendors. (Image: Reuters)
7 / 107. Finance Ministry Sources Say 1,474 Risky Exporters To Face Stern Action: Stern action is proposed against the risky exporters who have been claiming IGST Refund worth Rs.2,020 crore and were found untraceable, said finance ministry sources in the know of the matter, stating that the number of such untraceable risky exporters has gone up to 1474 as on date. Sources said that IGST refund is suspended in all such cases where there is adverse report post verification about the exporter or his supplier/s. However, Customs officials have been sensitized to expedite refunds to genuine exporters in these difficult Covid-19 days. (File Photo: IANS)
8 / 108. Debt Mutual Funds See Rs 1.1 Lakh Crore Inflow In June Quarter: Driven by investments in liquid schemes as also banking and PSU funds, debt mutual funds saw an inflow of Rs 1.1 lakh crore in three months ended June 2020 after witnessing massive redemptions in the preceding quarter. Most individual categories that invest in fixed-income securities, or debt funds, saw inflows. However, credit risk, overnight, ultra-short duration, medium duration and dynamic bond funds saw withdrawals. The positive inflow pushed the asset base of debt mutual funds to Rs 11.63 lakh crore at June-end from Rs 11.5 lakh crore at the end of March, according to data with Association of Mutual Funds on India (Amfi). (Representational Image)
9 / 109. 403 Infra Projects Show Cost Overruns Of Rs 4.05 Lakh Crore: As many as 403 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns of over Rs 4.05 lakh crore owing to delays and other reasons, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,686 such projects, 403 reported cost overruns and 530-time escalation. "Total original cost of implementation of the 1,686 projects was Rs 20,66,771.94 crore and their anticipated completion cost is likely to be Rs 24,71,947.66 crore, which reflects overall cost overruns of 4,05,175.72 crore (19.60 percent of original cost)," the ministry's latest report for March 2020 said. (Image: Reuters)
10 / 1010. Banks Sanction Rs 1.30 Lakh Crore Loans To MSMEs: The finance ministry on Friday said banks have sanctioned loans of about Rs 1,30,491 crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, hit hard by the economic slowdown caused by COVID-19 pandemic. However, disbursements against this stood at Rs 82,065 crore till July 23 under the 100 percent ECLGS for micro, small and medium enterprises (MSMEs). The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May. (Image: Reuters)
