Indian aviation industry losses to swell to Rs 210 billion in FY21: ICRA
Dec 04, 2020, at 06:04 am
Mumbai/IBNS: The profitability of the Indian aviation industry is estimated to be adversely impacted in FY2021 with a significant net loss of approximately Rs 210 billion, against net loss of Rs 127 billion in FY2020 with the industry debt level increasing to approximately Rs 500 billion (excluding lease liabilities) over FY2021-22, credit rating agency ICRA said in a report.
Roshni Nadar of HCL Tech is India's richest woman in 2020: Kotak Wealth Hurun India list
Dec 04, 2020, at 05:52 am
Kolkata/IBNS: Kotak Mahindra Bank's Wealth Management division and Hurun India on Thursday announced the launch of the second edition of Kotak Wealth Hurun - Leading Wealthy Women, and HCL Technology's chairperson, Roshni Nadar Malhotra, has topped the compilation of the wealthiest businesswomen in India with a net wealth of Rs. 54,850 crore.
ICICI Bank inaugurates representative office in Nepal
Dec 04, 2020, at 05:17 am
Mumbai/IBNS: ICICI Bank on Thursday inaugurated its representative office at Thapathali, the prominent business district in Kathmandu, marking the foray of an Indian private sector bank in Nepal. The representative office will closely work with the domestic banks in Nepal to facilitate investment, trade, payments and treasury business between the two countries.
GRSE organizes free health camp for contractors’ workmen
Dec 04, 2020, at 03:36 am
Kolkata/IBNS: To address the health related concerns of the contractors’ workmen engaged in the company, Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Government of India Undertaking, has started Free Health camps.
Bank of India acquires 49 pc stake in subsidiaries
Dec 04, 2020, at 03:36 am
Mumbai/IBNS: Public sector lender Bank of India (BOI) has said it will acquire 49 per cent stake in each of its subsidiaries BOI AXA Investment Managers Pvt Ltd and BOI AXA Trustee Services Pvt Ltd.
RBI temporarily stops HDFC Bank from adding new customers
Dec 03, 2020, at 10:14 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) has temporarily stopped HDFC Bank from adding more customers or launching digital business.
Dec 03, 2020, at 07:17 pm
Kharagpur (WB)/IBNS: The Leadership Summit organised by the Alumni Cell, Indian Institute of Technology (IIT), Kharagpur, is a platform that presents eminent professionals and business magnates who can guide the students to prepare themselves for the future.
Leadership Summit 2020 organised by the Alumni Cell of IIT-K will be held on virtual platform
Dec 03, 2020, at 07:08 pm
Kharagpur (WB)/IBNS: The Students’ Alumni Cell of Indian Institute of Technology (IIT), Kharagpur, is ready to host the fourth edition of the Leadership Summit 2020 in December this year, by moving it to the virtual platform.
Indian sugar production doubles to 42.90 lac tons in 2020
Dec 03, 2020, at 06:37 am
New Delhi/IBNS: India's sugar production more than doubled to 42.90 lac tons as of November 30, 2020 as compared to last season’s production of 20.72 lac tons for the corresponding period, due to earlier start of sugarcane crushing this season, according to Indian Sugar Mills Association (ISMA).
IIFCL to be converted to DFI to boost infrastructure projects
Dec 03, 2020, at 05:02 am
New Delhi/IBNS: The finance ministry has proposed to increase the scope and financial strength of India Infrastructure Finance Company Limited (IIFCL) to a development finance institution (DFI), for which a Bill will be tabled in the budget session of Parliament, said media reports.
NSE launches its first agricultural commodity futures contract
Dec 03, 2020, at 04:31 am
Mumbai: National Stock Exchange of India Ltd (NSE), India’s leading stock exchange, launched its first agricultural commodity futures contract on crude degummed soybean oil (CDSO Futures) on Dec 1. The CDSO Futures contract is a monthly expiry futures contract with a trading lot size of 10 metric ton (MT) and price basis as Kandla.
Tata in advanced stages of talks to buy online grocery retailer BigBasket : Report
Dec 03, 2020, at 02:32 am
Mumbai/IBNS: The Tata group is in an advanced stage of talks to buy around 80 per cent stake in online grocery store BigBasket for nearly $1.3 billion in a bid to narrow the competition with Mukesh Ambani's Jio Mart, Amazon.com Inc and Walmart Inc, said media reports.
Indian Rupee down 14 paise against USD
Dec 02, 2020, at 11:08 pm
Mumbai/UNI: The Rupee on Wednesday slipped by 14 paise to close negative at 73.80 against the US Dollar on rising demand for US Dollars by bankers and importers, dealers at the Forex Market said.
J&K: UT level, District Level committees to monitor central schemes implementation
Dec 02, 2020, at 11:00 pm
Srinagar: General Administration Department today constituted a Union Territory Level Monitoring Committee (UTLMC) and District Level Monitoring Committees (DLMC) for all 20 districts of Jammu and Kashmir for implementation of central schemes.
Kotak Bank moves down by 3.29 pc to Rs 1813.35
Dec 02, 2020, at 10:54 pm
Mumbai/UNI: Kotak Bank on Wednesday slipped by 3.29 pc to Rs 1813.35 a major loser in 30 scrips of BSE.
Indian Market: Sensex falls 37.40 pts
Dec 02, 2020, at 10:52 pm
Mumbai/UNI: BSE Sensex on Wednesday marginally fell by 37.40 pts to settle at 44,618.04 on profit-booking by local operators at a higher level.
RBI imposes monetary penalty on The Karad Urban Co-operative Bank Ltd
Dec 02, 2020, at 08:50 pm
Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd for contravention of certain directions issued by RBI under the Supervisory Action Framework.
BSE Sensex opens new high at 44,729.52 pts
Dec 02, 2020, at 05:35 pm
Mumbai/UNI: The BSE Sensex on Wednesday rallied further by 74 pts to open at 44,729.53, at a new peak on the strength of Health Care, Industrials, Energy and FMCG stocks.
Sun Pharma moves up by 5.51 pc to Rs 539.75
Dec 02, 2020, at 05:36 am
Mumbai/UNI: Sun Pharma on Tuesday surged by 5.51 pc to Rs 539.75 a major gainer in 30 scrips of BSE.
Honeywell partners with IISc's SID to fund deep science startups with social impact
Dec 02, 2020, at 05:25 am
Bengaluru/IBNS: US-based multinational conglomerate, Honeywell, on Tuesday announced that it has partnered with the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc) to support deep science and technology startups with social impact.
Maruti Suzuki November 2020 total sales marginally moves up by 1.7 pc
Dec 01, 2020, at 09:59 pm
Mumbai/UNI: Car major, Maruti Suzuki India reported a Marginal rise of 1.7 PC in its total sales for the month of November 2020 at 153,223 units as compared with 150,630 sold in November 2019.
Indian Market: Sensex ends all-time high at 44,655.44 pts
Dec 01, 2020, at 09:47 pm
Mumbai/UNI: BSE Sensex on Tuesday ended all-time high at 44,655.44 following gains in Realty, Telecom, Technology and IT stocks amid positive global cues.
MG Motor India November 2020 sales moves up by 28.5 pc
Dec 01, 2020, at 09:41 pm
Mumbai/UNI: Auto major MG Motor India has reported a rise of 28.5 pc in its retail sales for the month November 2020 at 4163 units as against 3239 units sold in November 2019.
Hyundai records highest ever domestic sales in November
Dec 01, 2020, at 09:35 pm
Chennai/UNI: Hyundai Motor India Limited recorded the highest ever November month Domestic sales of 48,800 units and exports of 10,400 units with cumulative sales of 59,200 units for November 2020.
Escorts Agri Machinery November 2020 sales moves up by 33 percent
Dec 01, 2020, at 09:00 pm
Mumbai/UNI: Escorts Agri Machinery Segment (EAM) has reported a rise of 33 pci n it's November 2020 sale at 10,165 tractors against 7,642 tractors sold in November 2019.
Bajaj Auto November 2020 total sale moves up by 5 pc
Dec 01, 2020, at 08:54 pm
Mumbai/UNI: Auto major Bajaj Auto has reported a rise of 5 per cent in its total sales for the month of November 2020 at 422,240 units as against 403,223 units in November 2019.
IMF urges Euro zone governments to continue fiscal support amid pandemic
Dec 01, 2020, at 02:18 pm
Washington/Sputnik: The International Monetary Fund (IMF) is calling on governments in the euro zone to continue providing fiscal support until the COVID-19 crisis is over, Managing Director Kristalina Georgieva told reporters on Monday.
Canada launches virtual business mission to India for international investment
Dec 01, 2020, at 04:09 am
Ontario/IBNS: Based on Canada's success of last year's mission to India by its two-way trade worth C$3.4 billion (the US $2.6 billion), a virtual mission to India in December this year is being launched by Ontario led by Vic Fedeli, Minister of Economic Development, Job Creation and Trade to promote the province as a premier destination for international investment and create new opportunities for Ontario businesses, media reports said.
Lakshmi Vilas Bank amalgamated with DBS Bank India Limited
Nov 30, 2020, at 07:20 pm
Mumbai/IBNS: The crisis-hit Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of DBS Group Holdings Ltd.
Will the new market share cap on UPI apps affect the user experience?
Nov 30, 2020, at 07:03 pm
UPI has undoubtedly become the face of a cashless India. The use of this ingenious payment interface has made it possible to make swift and simple digital transactions. So it is hardly a surprise that as many as 2 billion UPI transactions took place in the month of October alone! In the midst of this exponential growth in the UPI industry, the National Payments Corporation of India (NPCI) has made a rather shocking announcement that has ruffled many feathers amongst Third-Party Apps like Google Pay and PhonePe.