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Mahindra Logistics saw a “significant” impact on its business in the last two months due to lockdowns in various states, but now it is back on “stronger” recovery path and expecting this momentum to further consolidate during the second half of this fiscal, a top company official has said. With COVID-19 lockdowns and restrictions being eased in various states, the company is optimistic of carry on the positivity in business outlook gathered in June to the third and fourth quarter of FY2022. As far as its preparedness for the likely…

Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index-heavyweights Infosys, HDFC twins and ICICI Bank amid a largely positive trend in global equities. The 30-share BSE index was trading 220.53 points or 0.42 per cent higher at 52,543.86 in initial deals. Similarly, the broader NSE Nifty advanced 53.70 points or 0.34 per cent to 15,745.10. ONGC was the top loser in the Sensex pack, shedding over 2 per cent, followed by PowerGrid, M&M, Maruti, L&T, NTPC and Titan. On the other hand, Bajaj…

Reserve Bank Governor Shaktikanta Das has pitched for policy support from all sides — fiscal, monetary and sectoral — to nurture recovery of the economy hit by the second wave of the coronavirus pandemic. The dent on economic activity due to the second wave of the pandemic during April-May necessitated continuation of monetary measures to support the process of economic recovery to make it durable, Das had said while participating in the meeting of the Monetary Policy Committee (MPC) earlier in the month. “Overall, the second wave of COVID-19 has…