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RBI to regulate non-bank payments aggregators

RBI to regulate non-bank payments aggregators

1349 days ago
Mumbai, June 13 (IANS) The Reserve Bank will from now on regulate non-bank payments aggregators.
PNB Housing Finance Q4 consolidated net loss at Rs 242.1 cr

PNB Housing Finance Q4 consolidated net loss at Rs 242.1 cr

1349 days ago
Mumbai, June 13 (IANS) PNB Housing Finance on Saturday reported a consolidated net loss of Rs 242.1 crore for the fourth quarter of 2020-21, due to higher provisions for Covid....
Tata Motors discontinues niche vehicles JV

Tata Motors discontinues niche vehicles JV

1349 days ago
New Delhi, June 13 (IANS) Tata Motors is discontinuing its joint venture with Jayem Automotives due to the challenges in the auto sector and the current Covid 19 pandemic whic....
ArcelorMittal & Nippon Steel to invest Rs 2,000 cr in Odisha

ArcelorMittal & Nippon Steel to invest Rs 2,000 cr in Odisha

1349 days ago
Bhubaneswar, June 13 (IANS) ArcelorMittal & Nippon Steel on Saturday said they will invest around Rs 2,000 crore in the first phase in Odisha.
Jio Platforms achieves largest continuous funds raise by any company in the world

Jio Platforms achieves largest continuous funds raise by any company in the world

1349 days ago
New Delhi, June 13 (IANS) Jio Platforms has crossed Rs 1 lakh crore in the largest continuous funds raise by a company anywhere in the world with an unprecedented ninth invest....
India restricts imports of tyres to boost domestic cos

India restricts imports of tyres to boost domestic cos

1350 days ago
New Delhi, June 13 (IANS) The government has restricted imports of tyres used for cars, buses, lorries and motorcycles, including radial and tubeless, in a move aimed at curbi....
Unleashing Coal: Commercial mine auction to start from June 18

Unleashing Coal: Commercial mine auction to start from June 18

1350 days ago
New Delhi, June 13 (IANS) In a big reform initiative aimed at attracting global investment in the mining sector, the government proposes to start auction of coal mines for com....
Covid-19 spike pushing people towards ecommerce: Survey

Covid-19 spike pushing people towards ecommerce: Survey

1350 days ago
New Delhi, June 13 (IANS) The rising cases of Covid 19 are slowly pushing people to order for
PSB loan disbursal picks up pace, rise to over Rs 29K cr

PSB loan disbursal picks up pace, rise to over Rs 29K cr

1350 days ago
New Delhi, June 13 (IANS) Country's largest banking institution State Bank of India leads the pack of public sector banks in disbursing emergency loans to the industry and hel....
OIL loses 638 MT crude oil due to blockades at  Assam fire site

OIL loses 638 MT crude oil due to blockades at Assam fire site

1350 days ago
Guwahati, June 13 (IANS) The state-owned Oil India Ltd (OIL) lost 638 MT of crude oil production from 66 producing wells and 0.46 MMSCMD of natural gas from three gas wells du....
Racism charge against Infosys in US by ex-staffer; firm denies

Racism charge against Infosys in US by ex-staffer; firm denies

1350 days ago
Bengaluru, June 13 (IANS) A former woman employee of global software major Infosys filed a lawsuit in a US court, alleging racial discrimination against her by the company as ....
No respite: Fuel prices continue to rise through week

No respite: Fuel prices continue to rise through week

1350 days ago
Petrol and diesel prices continued to rise through the week with the two petroleum products getting dearer by 59 and 58 paise per litre on Saturday.
Relaxations during lockdown didn't help retailers: Survey

Relaxations during lockdown didn't help retailers: Survey

1350 days ago
New Delhi, June 12 (IANS) The staggered relaxations during the two-month-long nationwide lockdown did not have much of an impact on retail business and their businesses witnes....
India's YoY consumer food price inflation at 9.28% in May

India's YoY consumer food price inflation at 9.28% in May

1350 days ago
New Delhi, June 12 (IANS) India's consumer food price index stood at 9.28 per cent in May 2020, the government announced on Friday.
Wipro partners with Citrix, Microsoft on digital workspaces

Wipro partners with Citrix, Microsoft on digital workspaces

1350 days ago
Bengaluru, June 12 (IANS) With the aim of driving business continuity for its customers, IT major Wipro on Friday said it will integrate a host of services offered by Citrix S....
Covid casualty: India's factory output further crashes in April

Covid casualty: India's factory output further crashes in April

1350 days ago
New Delhi, June 12 (IANS) Contraction in all major sectors such as manufacturing, mining and electricity on the back of Covid-19 outbreak lead to a plunge in India's factory p....
India's forex reserves cross $500 bn mark

India's forex reserves cross $500 bn mark

1350 days ago
Mumbai, June 12 (IANS) India's foreign exchange reserves rose by over $8.223 billion during the week ended June 5 to cross the $500 billion mark.
Stock market makes sharp recovery to end in green (Ld)

Stock market makes sharp recovery to end in green (Ld)

1350 days ago
Mumbai, June 12 (IANS) The Indian equity indices registered a sharp recovery on Friday to settle on a positive note, with the BSE Sensex gaining over 1,400 points from its day....
GST Council mulls correction of inverted duty structure

GST Council mulls correction of inverted duty structure

1350 days ago
New Delhi, June 12 (IANS) The GST Council is considering the correction of the inverted duty structure as it has impacted revenue collection, along with resulting in higher ou....
GST Council gives more time to taxpayers to revive cancelled registration

GST Council gives more time to taxpayers to revive cancelled registration

1350 days ago
New Delhi, June 12 (IANS) As a step towards trade facilitation in this difficult times of Covid-19 pandemic, the GST Council on Friday decided to give more time to the taxpaye....
GST Council's temporary relief measures for Covid-hit small businesses

GST Council's temporary relief measures for Covid-hit small businesses

1350 days ago
New Delhi, June 12 (IANS) In a bid to provide relief to small businesses amid the coronavirus pandemic, the GST Council on Friday decided to halve the interest rate on late fi....
GST Council to meet again in July on compensation to states: FM

GST Council to meet again in July on compensation to states: FM

1351 days ago
New Delhi, June 12 (IANS) Faced with a sharp decline in GST collections due to the lockdown and disruptions in economic activities across the country, the Central government m....
Online shopper spends less than nine minutes per visit

Online shopper spends less than nine minutes per visit

1351 days ago
New Delhi, June 12 (IANS) An online shopper spends less than nine minutes per visit on an e-retail platform and browses more than 20 product pages before making a purchase.
HDFC cuts retail prime lending rate by 20 bps

HDFC cuts retail prime lending rate by 20 bps

1351 days ago
Mumbai, June 12 (IANS) The Housing Development Finance Corporation (HDFC) on Friday reduced the retail lending rate on both home and non-home loans by 20 basis points with imm....
'Airlines may give 2-year credit note for tickets cancelled during lockdown'

'Airlines may give 2-year credit note for tickets cancelled during lockdown'

1351 days ago
New Delhi, June 12 (IANS) The Supreme Court on Friday asked the Centre to take a stand on refunding by airlines on cancellation of tickets during the lockdown, and suggested t....
Big relief to Def industry, existing contracts get 4 months extension

Big relief to Def industry, existing contracts get 4 months extension

1351 days ago
New Delhi, June 12 (IANS) In a big relief to domestic arms and ammunition industry, the Ministry of Defence on Friday issued orders giving a four-month extension of delivery p....
India could move to 2 dominant telcos in Airtel, Jio

India could move to 2 dominant telcos in Airtel, Jio

1351 days ago
New Delhi, June 12 (IANS) Despite Vodafone Idea giving guarantee, the telcos market is seen gravitating towards a two-player dominant market with Bharti and Reliance Jio.
SC gives 3 days to Fin Min, RBI to decide on moratorium period interest

SC gives 3 days to Fin Min, RBI to decide on moratorium period interest

1351 days ago
New Delhi, June 12 (IANS) The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to d....
Sensex plunges 1,100 points on global cues as Covid cases surge

Sensex plunges 1,100 points on global cues as Covid cases surge

1351 days ago
Mumbai, June 12 (IANS) The BSE Sensex plunged over 1,100 points during initial trade on Friday tracking a similar trend in the global markets.
Religare completes Kedaara deal in health insurance arm (Ld)

Religare completes Kedaara deal in health insurance arm (Ld)

1351 days ago
New Delhi, June 12 (IANS) Religare Group has announced the completion of the transaction with Kedaara group entity, Trishikhar Ventures LLP, for investments in its health insu....
German airline Lufthansa to lay off 22,000 employees

German airline Lufthansa to lay off 22,000 employees

1351 days ago
New Delhi, June 11 (IANS) Lufthansa on Thursday said that it plans to lay off a total of 22,000 full-time employees.
RBI proposes 10 yrs cap on term of bank promoters functioning as CEO

RBI proposes 10 yrs cap on term of bank promoters functioning as CEO

1351 days ago
Mumbai, June 11 (IANS) The Reserve Bank of India has come up with a discussion paper on governance in commercial banks, whereby it has proposed to limit the term of a bank pro....
Need centralised digital platform for database of MSMEs: Report

Need centralised digital platform for database of MSMEs: Report

1351 days ago
New Delhi, June 11 (IANS) As small businesses have been the worst-hit amid the lockdown and the government has come up with relief and liquidity measures, a report by CEEW and....
Price fixing lawsuit in US against Sun Pharma, Aurobindo, Lupin

Price fixing lawsuit in US against Sun Pharma, Aurobindo, Lupin

1351 days ago
New Delhi, June 11 (IANS) Sun Pharma, Lupin and Aurobindo Pharma are among the pharmaceutical companies named in a fresh suit filed in the US for price fixing.
Kerala IT takes a beating, faces Rs 4,500 cr loss in Q1

Kerala IT takes a beating, faces Rs 4,500 cr loss in Q1

1351 days ago
Thiruvananthapuram, June 11 (IANS) Kerala Chief Minister Pinarayi Vijayan on Thursday said that the IT sector in the state has lost revenues to the tune of Rs 4,500 crore in t....
'Why ban Coca Cola, Thums Up?': SC slaps Rs 5 lakh fine on petitioner

'Why ban Coca Cola, Thums Up?': SC slaps Rs 5 lakh fine on petitioner

1351 days ago
New Delhi, June 11 (IANS) The Supreme Court on Thursday imposed an exemplary cost of Rs 5 lakh on a social worker who filed a plea seeking ban on sale and use of Coca Cola and....
Global credit rating agencies validate govt's reforms programme: CEA (Lead)

Global credit rating agencies validate govt's reforms programme: CEA (Lead)

1351 days ago
New Delhi, June 11 (IANS) India's growth outlook presented by a leading global credit agency validates the Modi government's structural reforms programme, a key government eco....
AGR case: SC seeks payment plan from telcos, criticises DoT demand from PSUs (Lead)

AGR case: SC seeks payment plan from telcos, criticises DoT demand from PSUs (Lead)

1351 days ago
New Delhi, June 11 (IANS) In relief for telecom companies grappling to clear the adjusted gross revenue (AGR) dues, the Supreme Court on Thursday directed them to file affidav....
Contactless sales needed for industrial products: EY report (Ld)

Contactless sales needed for industrial products: EY report (Ld)

1351 days ago
New Delhi, June 11 (IANS) With social distancing becoming a norm and coronavirus fears likely to stay long after the pandemic subsides, an EY report has suggested that compani....
Telcos may find it tough to furnish personal guarantees: SBICap Securities

Telcos may find it tough to furnish personal guarantees: SBICap Securities

1351 days ago
New Delhi, June 11 (IANS) Vodafone Idea will find it hard to furnish guarantees or any other form of meaningful security, except for the fact that their licence can be cancel....
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