RBI approves Jagdishan's appointment as HDFC Bank new MD, CEO
Mumbai/UNI: Private Sector lender HDFC Bank said that RBI has approved the appointment of Sashidhar Jagdishan as MD & CEO of the Bank for three years from his date of taking charge, or from October 27 2020, under Section 35B of the Banking Regulation Act 1949.”
Kolkata/IBNS: Kansai Nerolac Paints Limited (KNPL), one of the leading paint companies in India, reported a year over year decline in its net profit for the quarter ended June 30, 2020.
Ashok Leyland July 2020 sales declines by 56 pc
Mumbai/UNI: Commercial Vehicle major, Ashok Leyland has reported a drop of 56 per cent in it July 2020 at 4775 units as against 10926 units sold in July 2019.
Bajaj Auto July 2020 total vehicle sales moves down by 32.89 pc to 2,56,041 units
Mumbai/UNI: Auto major, Bajaj Auto reported a decline of 32.89 per cent in its total sale at 2,56,041 as compared to 3,81,530 units sold in July 2109.
Kansai Nerolac Paints Q1 consolidated net moves down by 77.08 pc to Rs 33.47 cr
Mumbai/UNI: Kansai Nerolac Paints has posted a decline of 77.08 per cent in its net profit for the quarter ended June 30, 2020 at Rs 33.47 crore as against Rs 146.02 crore for the quarter ended June 30, 2019.
Steel Strips Wheels July 2020 total wheel rim sales moves down by 27 pc to of 9.25 lacs
Mumbai/UNI: Steel Strips Wheels (SSWL) has reported a decline of 27 per cent in its total wheel rim sales for July 2020 at 9.25 lakhs as compared with 12.59 lakhs in July 2019.
Bank of India Standalone Q1 net moves up by 3.5 times to Rs 843.60 cr
Mumbai/UNI: Public Sector Lender Bank of India has reported a jump of 3.5 times in its standalone net profit for the quarter ended June 30, 2020 at Rs 843.60 crore for the period ended June 30, 2020 as against net profit of Rs 242.62 crore for the quarter ended June 30, 2019,due to lower loan provisions and rise in other income.
Indian Market: Sensex falls by 667.29 pts
Mumbai/UNI: The benchmark index of the Bombay Stock Exchange(BSE) on Monday dropped by 667.29 points to close at 36,939.60, as heavy selling was seen in Energy, Finance, Bankex, Realty and Technology stocks.
Indian Rupee down 20 paise against USD
Mumbai/UNI: The Rupee on Monday dropped by twenty paise to 75.01 against the US Dollar on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.
Microsoft to Wrap Up Talks on Purchase of TikTok in September - Company Statement
Washignton/Sputnik: Microsoft plans to finish negotiations with ByteDance, the parent company of TikTok, on the purchase of the Chinese-based video-sharing app no later than September 15, Microsoft said in a statement.
Bitcoin price reaches $12,000 for first time since August 2019 – Trading Data
Moscow/Sputnik: The price of the Bitcoin cryptocurrency went up to $12,000 for the first time since August of last year, Sunday trading data showed.
MG Motor India records 40% increase in retail sales as compared to July 2019
Gurugram/IBNS: MG Motor India on Saturday announced that it has recorded 40% increase in retail sales for the month of July 2020 at 2,105units, as compared to July 2019.
Suzuki Motorcycle India sells 34,412 units in July
New Delhi/UNI: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan witnessed a warm revival of demand in the second full month since resuming its manufacturing on May 18.
Tata Motors' Q1 FY21 business adversely impacted by COVID 19
Kolkata/UNI: The Covid-19 pandemic continued to significantly impact the business in Q1FY21 with retail unit sales down 42.4% year-on-year.
Canara Bank launches 'Corona Kavach' Insurance Policy
Thiruvananthapuram/UNI: Canara Bank has launched a short-term COVID specific health insurance plan 'Corona Kavach', that will cover hospitalisation expenses related to the treatment of COVID-19.