Jaguar Land Rover inaugurates 3S retailer ffacility in Bengaluru
Aug 21, 2020, at 06:22 pm
Bengaluru: Automobile giant Jaguar Land Rover India on Friday announced the opening of a new 3S Retailer facility in Bengaluru by Marqland in a fast developing area on New Airport Road.
Indian Market: Sensex bounces back over 300 pts
Aug 21, 2020, at 05:23 pm
Mumbai/UNI: The BSE Sensex on Friday bounced back by 334 pts at 38,555.52 as buying was seen across the board amid positive global cues.
Indian Rupee rises 8 paise against USD
Aug 21, 2020, at 05:00 pm
Mumbai/UNI: The Rupee on Friday improved by eight paise at 74.95 in opening trade on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Apple becomes first US tech company with $2 trillion stock market value
Aug 20, 2020, at 01:25 pm
New York/IBNS: Apple Inc has surpassed the big US tech companies like Amazon, Microsoft and Google-owner Alphabet to become the first publicly listed US company with a $2 trillion stock market value on Wednesday, said a Reuters report.
Cabinet approves proposal for leasing out three airports of AAI through PPP
Aug 19, 2020, at 11:31 pm
New Delhi: The Union Cabinetchaired by the Prime Minister, Shri Narendra Modi has approvedthe proposal for leasing out three airports namely Jaipur, Guwahati and Thiruvananthapuram airports of Airports Authority of India (AAI) through Public Private Partnership (PPP).
Tech Mahindra moves up by 1.97 pc to Rs 727.20
Aug 19, 2020, at 11:29 pm
Mumbai/UNI: Tech Mahindra on Wednesday advanced by 1.97 pc to Rs 727.20 a major gainer in 30 scrips of BSE.
Indian Rupee slips by 7 paise against USD
Aug 19, 2020, at 11:15 pm
Mumbai/UNI: The Rupee on Wednesday slipped by seven paise to settle at 74.82 against the US Dollar on rising demand for the greenback by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex rallied by 86.47 pts
Aug 19, 2020, at 11:01 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday advanced by 86.47 pts at 38,614.79 led by buying in Telecom, Realty, Industrials, Utilities and Finance stocks.
Reliance acquires majority stake in Netmeds
Aug 19, 2020, at 07:11 pm
Mumbai/UNI: Mukesh Ambani's Reliance Industries Limited (RIL) said that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately Rs 620 crore.
Snapdeal sees surge in sale of health monitoring devices amid Covid-19
Aug 19, 2020, at 05:11 am
Mumbai/IBNS: The pandemic has prompted the rapid increase in the use of at-home diagnostic medical devices as many continue to fear going to diagnostic centres for medical tests. The growth could also be a result of the awareness about early diagnosis and preventive care.
Ultracemco moves up by 3.34 pc to Rs 4,170.95
Aug 18, 2020, at 10:28 pm
Mumbai/UNI: Ultracemco on Tuesday advanced by 3.24 pc to close at Rs 4170.95 a major gainer in 30 scrips of BSE.
Indian Market: Sensex up by 477.54 pts
Aug 18, 2020, at 10:25 pm
Mumbai/UNI: The benchmark index of the Bombay Stock Exchange(BSE) on Monday further rallied by 477.54 pts to close at 38,528.32 on brisk buying in Materials, Metal, Bankex, Realty and Consumer Durable stocks.
Indian Rupee ends strong at 74.75 against USD
Aug 18, 2020, at 10:24 pm
Mumbai/UNI: The Rupee on Tuesday advanced by thirteen paise at 74.75 against the US Dollar on brisk selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
COVID-19 pandemic to hit hard 220 mln young workers in Asia-Pacific: ADB
Aug 18, 2020, at 10:11 pm
Manila/Xinhua: The COVID-19 pandemic will hit hard nearly 220 million young workers aged 15 to 24 in Asia-Pacific region, according to a report released by the Asian Development Bank (ADB) on Tuesday.
Bharti AXA Life, SBM Bank India join hands for 'bancassurance' partnership
Aug 18, 2020, at 07:12 pm
Leading private sector insurer Bharti AXA Life Insurance Tuesday announced its bancassurance partnership with SBM Bank India for distribution of life insurance products through the latter's network.
New platform floated by SBM Bank India and PayNearby ease the process of financial investments
Aug 18, 2020, at 06:43 pm
Kolkata/IBNS: To ease the process of financial investments during these times of crisis, when people’s access to banks are restricted by pandemic containment rules, SBM Bank India and PayNearby has launched a goal-based recurring deposit platform called 'Nivesh'.
Indian Market: Sensex rallied over 200 pts
Aug 18, 2020, at 03:49 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) on Tuesday rallied further by 235 pts to 38,285.14 on the strength of Realty, Consumer Durable, Energy and Materials stocks.
ICICI Bank raises Rs 15,000 crore via QIP
Aug 16, 2020, at 01:37 am
Mumbai/IBNS: ICICI Bank Saturday said it completed the allotment of equity shares under QIP (Qualified Institutional Placement) and raised nearly Rs 15,000 crore through the issuance of 418,994,413 equity shares at an issue price of Rs 358 per unit.
Uganda looks online for answers to COVID economic crisis
Aug 15, 2020, at 10:44 pm
New York: From banking, to food delivery, and taxi bookings, Uganda is rapidly becoming accustomed to many of the online tools that are commonplace in developed economies, and which don’t rely on face-to-face interactions.
Aug 15, 2020, at 05:47 am
Mumbai/IBNS: The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of Rs 57,128 crore to the government for the accounting year 2019-20 (July-June).
US firms are optimistic about investing in India, says San Francisco based Indian Consul General
Aug 14, 2020, at 11:33 pm
New Delhi/IBNS: India and the United States shares many common interests and a strong bilateral relation, said Dr. T.V. Nagendra Prasad, Consul General, Consulate General of India, San Francisco, recently.
Defence PSU GRSE develops first of its kind portable assault bridge
Aug 14, 2020, at 11:26 pm
Kolkata/IBNS: Indian Defence Minister Rajnath Singh recently virtually launched a Portable Assault Bridge at the Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) Ltd.
Reserve Bank of India tightens corporate governance norms for core investment companies
Aug 14, 2020, at 11:14 pm
Mumbai/UNI: The Reserve Bank of India (RBI) has released a revised set of guidelines for core investment companies (CICs), tightening corporate governance and disclosure norms for these entities.
NIRLON Q1 net moves up by 26.64 pc
Aug 14, 2020, at 11:11 pm
Mumbai/UNI: NIRLON has reported a rise of 26.64 pc in its net profit for the quarter ended June 30, 2020 at Rs 32.47 crores as against net profit of Rs 25.64 crores for the quarter ended June 30, 2019.
M&M moves down by 3.29 pc, Sun Pharma gains by 2.15 pc
Aug 14, 2020, at 11:05 pm
Mumbai/UNI: M&M on Friday declined by 3.29 per cent to Rs 610.50 a major loser in 30 scrips of BSE while Sun Pharma gained by 2.15 per cent to Rs 532.
Indian Rupee falls 6 paise against USD
Aug 14, 2020, at 11:00 pm
Mumbai/UNI: The Rupee on Friday slipped by six paise to settle at 74.90, against the US Dollar on rising demand of the greenback by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex drops by 433.15 pts
Aug 14, 2020, at 10:57 pm
Mumbai/UNI: Extending losses for the third straight session, the BSE Sensex crashed by 433.15 pts to settle at 37,877.34 following heavy selling in Auto, Bankex, Finance and FMCG stocks on Friday.
Indian Bank Q1 net profit moves up 8 pc to Rs 1147 cr
Aug 14, 2020, at 10:53 pm
Bengaluru/UNI: The Indian Bank on Friday reported a 8 per cent rises in net profit at Rs 1147 crore in first quarter of the current fiscal year.
Uber to deliver free meals for the hungry in partnership with the Robin Hood Army
Aug 13, 2020, at 11:46 pm
New Delhi/IBNS: Uber has announced it will help deliver free meals for the hungry and those impacted by the Covid pandemic in partnership with the Robin Hood Army, a volunteer-based organization, which fights against hunger.
Honouring the honest tax payers: PM Modi unveils new tax reforms today
Aug 13, 2020, at 10:29 pm
New Delhi/IBNS: Prime Minister Narendra Modi on Thursday unveiled new tax reforms which he said will "honour the honest tax payers" who, according to him, "plays a massive role in the growth of the nation".