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.
Sensex falls by 57 pts in early trading
Jul 23, 2020, at 05:53 pm
Mumbai/UNI: The BSE Sensex on Thursday slipped further by 57 pts to open at 37,814.92 as renewed selling in IT, Auto, Bankex and Technology stocks.
SEBI forms committee for advanced financial and regulatory technology : Report
Jul 23, 2020, at 06:59 am
Mumbai/IBNS: In a bid to enhance its analytical capabilities using advanced tools, the Securities Exchange Board of India (SEBI) has formed a high level committee to examine financial and regulatory technology, a media report said.
Reliance Industries chairman Mukesh Ambani 5th richest after Mark Zuckerberg
Jul 23, 2020, at 04:40 am
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has been ranked the fifth richest man in the world by the Real-Time Billionaires List by Forbes magazine.
IL&FS Case: NFRA bans former Deloitte head from auditing for 7 yrs, slaps Rs 25 lakh penalty
Jul 23, 2020, at 03:37 am
New Delhi/IBNS: The National Financial Regulatory Authority (NFRA) has banned former Deloitte Haskins and Sells LLP head Udayan Sen from auditing for seven years and slapped a fine of Rs 25 lakhs for auditing lapses at Infrastructure Leasing & Financial Services Ltd (IL&FS), media reported.
Relief for Vodafone as Supreme Court orders government to pay Rs 833 cr in tax refund
Jul 23, 2020, at 02:16 am
New Delhi/IBNS: The Supreme Court on Wednesday directed the Income Tax department to pay Rs 833 crore, as tax return, to Vodafone Idea, against the arguments that the amount be deducted from the AGR (adjusted gross revenue) which the telecom company still owes to the government, a media report said.
LIC HFL home loan interest rate hits all time low at 6.90 pc
Jul 23, 2020, at 01:20 am
Bengaluru/UNI: LIC Housing Finance Ltd has announced a multi-year low rate of interest of 6.90 per cent on new home loans.
Indian Market: Sensex ends weak by 58.81 pts
Jul 22, 2020, at 11:23 pm
Mumbai/UNI: After five days rally, the BSE Sensex on Wednesday slipped by 58.81 points to settle at 37,871.52 due to selling in IT, Auto, Technology, FMCG and Capital Goods stocks amid weak Asian cues.
3.18 lakh net new EPFO subscribers registered in May against one lakh in April
Jul 22, 2020, at 11:19 pm
New Delhi/UNI: Employees' Provident Fund Organisation has grown by 3.18 lakh new net members during May, registering a whopping 218 per cent month on month growth.
Jul 22, 2020, at 11:15 pm
New Delhi: Sharekhan Education, a separate entity under Sharekhan, one of the largest brokerage houses in India, has unveiled its maiden edutainment platform - MoneyFLIX - to lead a digital revolution in financial education in the country.
ICICI Lombard partners with Phone Pe to offer highly affordable Hospital Daily Cash benefit
Jul 22, 2020, at 10:53 pm
New Delhi: ICICI Lombard, one of India’s leading non-life private insurance companies in partnership with PhonePe, India’s leading digital payments platform on Wednesday announced the launch of Hospital Daily cash benefit under *Group Safeguard Insurance, a sachet-based group insurance product.
NPCI introduces UPI AutoPay facility for recurring payment
Jul 22, 2020, at 10:50 pm
New Delhi: National Payment Corporation of India (NPCI) said that it has launched the functionality of UPI AutoPay for recurring payments.
Bajaj Auto Q1 records net profit falls by 53.1 pc to Rs 528 cr
Jul 22, 2020, at 10:32 pm
Mumbai/UNI: Auto major Bajaj Auto on Wednesday reported a 53.1 per cent decline in net profit for the quarter ended June 30,202 at Rs 528 crore as compared with Rs 1,125.67 crore in the same quarter last year.
Indian Rupee ends flat at 74.75 against USD
Jul 22, 2020, at 10:30 pm
Mumbai/UNI: The Rupee on Wednesday ended flat at 74.75 on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Arun Misra to be Chief Executive Officer of Hindustan Zinc from August 1
Jul 22, 2020, at 03:07 am
Kolkata/IBNS: Hindustan Zinc, India's only integrated producer of Zinc-Lead and Silver, announced on Tuesday that it is elevating Arun Misra as its Chief Executive Officer, effective August 1, 2020.
Jul 22, 2020, at 02:58 am
New Delhi/IBNS: The three week Pan-IIT Global E-conclave concluded with the focus on re-building states and re-imagining agriculture, food security, MSMEs and livelihood to meet the challenges thrown at the world by the ongoing COVID-19 pandemic.
Axis Bank net profit declines over quarter ending June 30,notes improvement in asset quality
Jul 22, 2020, at 02:32 am
Mumbai/IBNS: Axis Bank Limited (Axis Bank), India’s fourth largest market lender by market capitalisation, said its Net Interest Income in the first quarter of FY21 (quarter ending June 30, 2020) was up by 20% compared to the same quarter in the previous financial year.
Kamdhenu Paints eyes to boost revenue in the current Monsoon Season
Jul 22, 2020, at 01:21 am
Kolkata: Kamdhenu Paints, a leading manufacturer of high-quality decorative paints in the country, is looking to boost its revenue in the current Monsoon Season by promoting products and running awareness campaigns through social media as to how one can protect the shine and beauty of exterior walls during the rainy season.
Powergrid surges by 6.14 pc to Rs 173.60
Jul 21, 2020, at 10:52 pm
Mumbai/UNI: Powergrid on Tuesday rallied by 6.14 pc to Rs 173.60 a major gainer in 30 scrips of BSE.
Indian Market: Sensex rallies by 511.34 pts
Jul 21, 2020, at 10:39 pm
Mumbai/UNI: The Indian stock market remained firm on Tuesday for second day in row as BSE Sensex spurted by 511.34 points at 37,930.33 following gains in Oil and Gas, Realty, Energy, Bankex and Finance stocks amid positive Asian cues.
Indian Rupee up 3 paise against USD
Jul 21, 2020, at 09:33 pm
Mumbai/UNI: The Rupee on Tuesday advanced by three paise to close at 74.75 on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Benefits of starting a retirement plan early
Jul 21, 2020, at 06:07 pm
Life consists of many milestones and we cherish the moments when we achieved those milestones for the rest of our lives. Retirement can also be one of the crucial milestones, provided you managed to accumulate sufficient funds required for a stress-free life after retirement. This is only possible if the money that you earned during your active working years was invested well for the future.
Indian Govt to reduce public sector banks from 12 to 5 : Report
Jul 21, 2020, at 06:06 am
New Delhi/IBNS: The Indian government has decided to privatise more than half of public sector banks to reduce their number to just four or five, a Reuters report said.
Kotak Mahindra Bank reminds its customers of safe banking and online transaction practices
Jul 21, 2020, at 01:13 am
Kolkata/IBNS: First demonetisation and then pandemic related containment measures have resulted in a jump in online banking transactions but unfortunately this has also led to an increase in online frauds, especially related to EMI moratorium, KYC Updation and UPI.
IndiGo announces it will slash 10 percent of workforce
Jul 21, 2020, at 12:08 am
New Delhi: Private airlines major IndiGo on Monday announced it will lay off 10 percent of its workforce.
The Grand Seiko studio Shizukuishi opens its doors
Jul 20, 2020, at 11:06 pm
Bangalore : A new chapter in the 60-year history of Grand Seiko opens with the inauguration of an entirely new studio dedicated to the production of Grand Seiko’s mechanical watches.
Jul 20, 2020, at 10:58 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Monday advanced by 398.85 points to 37,418.99 following gains in IT, Technology, Bankex, Consumer Durable stocks amid positive Asian cues.
Bajaj Finance moves up by 4.23 pc to Rs 3441.35
Jul 20, 2020, at 10:57 pm
Mumbai/UNI: Bajaj Finance on Monday went up by 4.23 pc to Rs 3441.35 a major gainer in 30 scrips of BSE.
Cinacalcet tablets case: Cipla, Amgen settle legal dispute
Jul 20, 2020, at 10:45 pm
Mumbai/UNI: Pharma major, Cipla on Monday said company has settled a a legal dispute with Amgen in the United States involving generic cinacalcet hydrochloride tablets , used in treatment of secondary hyperparathyroidism in adult patients with chronic kidney disease.
Indian Rupee ends strong at 74.92 against USD
Jul 20, 2020, at 09:45 pm
Mumbai/UNI: The Rupee on Monday advanced by nine paise to finish at strong at 74.92 on brisk selling of US Dollar by bankers and exporters, dealers at the Forex Market said.