Indian Rupee opens higher by 3 paise against USD
Jul 29, 2020, at 05:20 pm
Mumbai/UNI: The Rupee on Wednesday rose marginally by three paise to 74.80
Srei reports consolidated PAT of Rs 88.75 crore in FY20
Jul 29, 2020, at 04:33 am
Kolkata/IBNS: Srei Infrastructure Finance Limited has reported a consolidated profit after tax (PAT) of Rs 88.75 crore during the financial year ended March 31, 2020 as compared to Rs 486.78 crore in the previous year.
Senco Gold and Diamonds Chairman Shaankar Sen dies at 63
Jul 29, 2020, at 03:10 am
Kolkata/IBNS: Senco Gold and Diamonds Chairman and Managing Director Shaankar Sen died in Kolkata on Tuesday. He was 63.
Bharti AXA extends crop insurance to farmers, launches new campaign
Jul 29, 2020, at 12:55 am
Kolkata/IBNS: Private non-life insurer Bharti AXA General Insurance has launched its crop insurance campaign ‘Fasal Ka Bima Bohot Zaroori Hai’ (‘it is important to have crop insurance’) for farmers in Maharashtra and Karnataka.
Ultracemco moves up by 7.15 pc to Rs 4135
Jul 28, 2020, at 10:36 pm
Mumbai/UNI: Ultracemco on Tuesday surged by 7.15 pc to Rs 4135 a major gainer in 30 scrips of BSE.
Indian Market: Sensex jumps 558.22 pts
Jul 28, 2020, at 10:24 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Tuesday gained by 558.22 points at 38,492.95 on fresh buying in Materials, Auto, IT, Metal and Technology stocks amid positive Asian cues.
Kamdhenu Group donates Rs 71 lakh to PM-CARES Fund
Jul 28, 2020, at 01:59 am
Kolkata/IBNS: Kamdhenu Group, a diversified player in the steel and paints industry, said that it has donated Rs 71 lakh to the Prime Minister-CARES Fund as part of COVID-19 pandemic related relief measures.
Indian Rupee ends flat at 74.83 against USD
Jul 28, 2020, at 12:05 am
Mumbai/UNI: The Rupee ended on a flat note at 74.83 against the greenback on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Market: Sensex down by 194.17 pts
Jul 28, 2020, at 12:04 am
Mumbai/UNI: The BSE Sensex on Monday slipped by 194.17 points to settle at 37,934.73 in high volatile trade on brisk selling in Bankex, Finance, Health Care, Realty and Utilities stock.
ICICI Bank moves down by 6.05 pc to Rs 358.75
Jul 27, 2020, at 11:54 pm
Mumbai/UNI: The ICICI Bank on Monday slipped by 6.05 per cent to Rs 358.75, a major loser in 30 scrips of BSE.
Samsung makes smartphone accessible for Bharat, launches Galaxy M01 Core
Jul 27, 2020, at 11:52 pm
Gurugram/UNI: Popular smartphone brand Samsung on Monday announced the launch of Galaxy M01 Core, adding to its popular Galaxy M series line of smartphones in the country.
Indian government's PMDP scheme is helping progressive apple growers in J-K’s Anantnag
Jul 27, 2020, at 06:06 pm
Srinagar: The Prime Minister’s Development Package (PMDP), announced by PM Narendra Modi in 2015 for Jammu and Kashmir, is emerging as a positive step for the farmers of the Union territory as the horticulture department has set up apple orchards in Anantnag district to increase the production of apple in the region.
Online portals Amazon, Google, Wish remove neo-Nazi products
Jul 25, 2020, at 10:41 pm
Washington/UNI: Amazon, Google and Wish announced on Saturday that they have removed all neo-Nazi and white-supremacist products being sold on their platforms, following an investigation by BBC Click.
ITC Q1 net profit tanks 26% to Rs 2,342.76 crore from previous year's 3173.94 crore
Jul 25, 2020, at 04:58 am
Kolkata/IBNS: Tobacco and hotel to FMCG major ITC on Friday said unprecedented disruptions in economic activity caused by nationwide lockdowns in the wake of COVID-19 pandemic weighed on the company’s performance during the quarter as the Gross Revenue stood at Rs.9435.61 crores representing a decline of 17%.
RBI predicts increase in gross NPAs of banks to 12.5 pc by March 2021
Jul 25, 2020, at 03:32 am
Mumbai/IBNS: The Reserve Bank of India released the Financial Stability Report (FSR) on Friday.
New rules for ecommerce platforms to make online shopping safer in India
Jul 25, 2020, at 02:14 am
New Delhi/IBNS: In a bid to safeguard consumers on ecommerce platforms, the government on Friday issued new norms for all goods sold via electronic or digital platforms through both the inventory-led and marketplace models.
Honda 2Wheelers India becomes industry first to unlock 1 million BS-VI sales level
Jul 24, 2020, at 11:04 pm
New Delhi/UNI: Continuing to steward the BS-VI technology revolution from the front, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) today announced that its cumulative BS-VI two-wheeler sales have crossed 11 lac sales mark in domestic market.
2.79 lakh new EPF subscribers in May
Jul 24, 2020, at 10:47 pm
New Delhi/UNI: The number of new Employees’ Provident Fund (EPF) Scheme subscribers in May were 2,79,023, according to data released on Friday by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.
Axis Bank moves down by 3.18 pc to Rs 446.20
Jul 24, 2020, at 10:39 pm
Mumbai/UNI: Axis Bank on Friday slipped by 3.18 per cent to Rs 446.20 a major loser in 30 scrips of BSE.
Apple starts manufacturing its flagship model iPhone 11 in India
Jul 24, 2020, at 10:25 pm
Chennai/IBNS: Apple has started manufacturing one of its flagship devices, the iPhone 11, at Chennai’s Foxconn plant, a development being viewed as a major achievement for government's "Atmanirbhar Bharat (Self-Reliant India)" campaign.
Jammu and Kashmir: Headless body found in Ganderbal
Jul 24, 2020, at 10:04 pm
Srinagar/UNI: Panic gripped Nunner area in central Kashmir district of Ganderbal when a headless body was noticed floating in a water body on Friday, official sources said.
Biocon Revenue moves up by 14 pc and stood at 1690 Cr in Q1FY21
Jul 24, 2020, at 10:00 pm
Bengaluru/UNI: Pharmaceutical major Biocon Ltd, has reported revenue of Rs 1,690 Crore, an increase by 14 per cent, during the Q1 Financial year 2020-21.
Indian Rupee falls 7 paise against USD
Jul 24, 2020, at 09:54 pm
Mumbai/UNI: The Rupee on Friday declined by seven paise to 74.83 against the US Dollar on rising demand for US Dollar by bankers and importers,dealers at the Forex Market said.
Indian Market: Sensex falls by 11.57 pts
Jul 24, 2020, at 09:50 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Friday fell by 11.57 points to settle at 38,128.90 as selling was seen in Metal, Realty, Bankex and Finance stocks.
Laying off employees in Covid-19 times not a solution for companies: Ratan Tata
Jul 24, 2020, at 04:53 pm
Mumbai/IBNS: Contradicting several companies' steps to reduce workforce to sail through the Covid-19 times, Indian industrialist Ratan Tata felt laying off employees can never be the solution to tackle the financial crisis caused due to the pandemic and the subsequent lockdown.
Indian govt restricts public procurement from certain bordering countries
Jul 24, 2020, at 08:28 am
New Delhi/IBNS: The Ministry of Finance on Thursday amended the General Financial Rules 2017, restricting bidders from countries sharing a land border with India, citing concerns related to defence of India, or matters directly or indirectly related to the national security of the country, said an official statement.
Country of origin on products sold on e-commerce sites mandatory: Centre to Delhi HC
Jul 24, 2020, at 06:12 am
New Delhi/IBNS: The Centre has informed Delhi High Court that the e-commerce platforms have to mention the country of origin of the products sold on their platforms under the Legal Metrology (Packaged Commodities) Rules, 2011
Uber India announces installation of safety screens in 20,000 premier sedans
Jul 24, 2020, at 02:59 am
Kolkata/IBNS: In the wake of Covid-19, app-cab Uber has announced the installation of safety screens or cockpits in 20,000 premier sedans.
Bharti AXA General offers crop insurance to farmers in Maharashtra, Karnataka under PMFBY
Jul 23, 2020, at 11:41 pm
Kolkata/IBNS: Private non-life insurer Bharti AXA General Insurance announced that it has received Rs 800 crore worth crop insurance mandate for three years from the governments of Maharashtra and Karnataka to insure their farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY).
Amid fears of worst recession in decades, urgent calls for solidarity, a united economic front
Jul 23, 2020, at 06:43 pm
New York: With multilateral cooperation under strain, senior UN officials, Nobel laureates and eminent academic experts, gathered virtually on Wednesday for the launch of a new report recommending “an adjusted approach” to economic development, and a policy dialogue exploring how countries can recover from COVID-19, in ways that lead to real structural transformation.