Indian Rupee ends negative at 75.58 against USD
Jun 05, 2020, at 04:08 pm
Mumbai/UNI: The Rupee on Friday closed negative at 75.58, easing by one paisa against the greenback on rising demand for US Dollar by bankers and importers, dealers at Forex Market said.
Bajaj Finserv launches#EMINetworkPowerplay campaign
Jun 05, 2020, at 03:32 pm
The digital campaign has received an overwhelming response with more than 20k participants signing up to play and win in the past 10 days
Abu Dhabi-based Mubadala to invest Rs 9,093.60 crore in Reliance Jio platforms
Jun 05, 2020, at 09:24 am
Mumbai/UNI/IBNS: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, announced on Friday that Abu Dhabi-based sovereign investor Mubadala Investment Company will invest Rs 9,093.60 crore in Jio Platforms.
-1591294029.jpg "Amazon in talks to buy $ 2 billion stake in Bharti Airtel :Report")
Amazon in talks to buy $ 2 billion stake in Bharti Airtel :Report
Jun 04, 2020, at 11:37 pm
Mumbai/IBNS: After Facebook acquired 9.99% in Reliance Jio in a bid to grab a lion's share of India's booming digital economy, Amazon.com is also on its way to purchase approximately 5% stake in Bharti Airtel, for which the talks are still in preliminary phase, reported Reuters.
Jun 04, 2020, at 06:58 pm
Srinagar/IBNS: Even with lack of non-local workers, Kashmir has not stopped its economic activities due to COVID-19 and the people have taken up the challenge to cultivate during the paddy transplantation season.
ICICI Bank commits rupees four crore towards West Bengal cyclone relief
Jun 03, 2020, at 08:57 pm
Kolkata/IBNS: ICICI Bank announced that it has committed rupees four crore towards the relief and assistance in areas affected by the supercyclone Amphan.
Strides Pharma receives USFDA approval for Triamcinolone Acetonide Ointment USP, 0.05%
Jun 03, 2020, at 08:26 pm
Bengaluru/IBNS: Strides Pharma Science Limited (Strides) announced that its step-down wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval for Triamcinolone Acetonide Ointment USP, 0.05% from the United States Food & Drug Administration (USFDA).
Cabinet approves amendment to Essential Commodities Act in interest of farmers
Jun 03, 2020, at 06:04 pm
New Delhi/UNI/IBNS: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the farmer friendly amendment in the Essential Commodities Act.
Google faces $5bln lawsuit in US for tracking 'private' internet use
Jun 03, 2020, at 04:10 pm
Moscow/Sputnik/UNI: US tech giant Google has been sued for $5 billion for breaching the privacy of its users by tracking their activities through the Chrome browser despite having activated the so-called incognito mode, media reported on Wednesday, citing a lawsuit filed with California's San Jose federal court.
ICICI Bank now reduces interest rates on savings bank account
Jun 03, 2020, at 04:09 pm
Mumbai/UNI: Private sector lender ICICI Bank has announced a reduction in its savings bank account interest rate with effect from June 4, 2020.
Honda Two-Wheelers India retailed over 1.15 lac units in May ’20
Jun 03, 2020, at 04:06 pm
Kolkata/UNI: Post government relaxations in lockdown 3.0 and subsequently 4.0, Honda Motorcycle & Scooter India Pvt Ltd (HMSI) recommenced two-wheeler dispatches in May and closed the month with total sales of 54,820 two-wheelers. This includes 54,000 domestic dispatches and 820 two-wheeler exports.
Indian Market: Sensex breaches 34K level; Up by 597 pts
Jun 03, 2020, at 04:05 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) on Wednesday rallied by 597 pts, breaching 34K level to 34,422.71, a three- month-high in opening trade tracking positive global cues.
Indian Rupee falls by 10 paise against USD
Jun 03, 2020, at 03:54 pm
Mumbai/UNI: The Rupee on Wednesday declined by 10 paise to close at 75.46 against the US Dollar on rising demand for US Dollar by bankers and importers, dealers at Forex Market said.
Govt unveils guidelines for three schemes with the outlay of Rs 50,000 cr to boost electronic sector
Jun 03, 2020, at 01:47 pm
New Delhi/IBNS: The government has announced Rs 50,000 crore package to revive the electronic industry reeling under the coronavirus-induced lockdown with an aim to boost the domestic manufacturing of five global and five Indian mobile phone makers, Union Minister Ravi Shankar Prasad said on Tuesday.
DGFT amends restriction on export of alcohol based hand sanitizer
Jun 03, 2020, at 12:30 pm
New Delhi/IBNS: India's Directorate General of Foreign Trade (DGFT) has amended the restriction on export of alcohol based hand sanitizer vide a notification issued on June 1, according to the department.
-1591114038.jpg "We must unlock out of Corona responsibly or all our efforts may go waste, says state health minister")
We must unlock out of Corona responsibly or all our efforts may go waste, says state health minister
Jun 02, 2020, at 09:37 pm
Kolkata/IBNS: The Coronavirus has changed our lives for a long time to come and it is here to stay but the one good thing that has helped us Indians is that we have better immunity than several other countries in the world, said Ashwini Kumar Choubey, Minister of State for Health and Family Welfare and Chief Guest at the ASSOCHAM organised Web Conference on Relevance and importance of Health and Wellness in Covid-19 here on Tuesday.
Bengal Chamber provides relief for Amphan victims in South 24 Parganas
Jun 02, 2020, at 09:32 pm
Kolkata/IBNS: The Bengal Chamber is providing relief materials to a few of the worst cyclone Amphan-hit areas of South 24 parganas in West Bengal.
Uber resumes services for airport travel in Kolkata
Jun 02, 2020, at 08:33 pm
Kolkata/IBNS: Uber is restarting its airport transportation service in Kolkata following a resumption of domestic air travel.
Moody's downgrades India's rating to Baa3. Check how business community reacted
Jun 02, 2020, at 08:04 pm
New Delhi/Mumbai/IBNS: For the first time in more than two decades, Moody's Investors Service, which is the bond credit rating business of Moody's Corporation, has downgraded India's rating from 'Baa2' to 'Baa3' besides estimating the country's Gross Domestic Product (GDP) to shrink by 4 per cent.
ICICI Bank commits Rs. 4 crore towards West Bengal cyclone relief
Jun 02, 2020, at 07:02 pm
Kolkata/IBNS: ICICI Bank on Tuesday announced that it has committed Rs. 4 crore to aid the West Bengal government in its efforts to provide relief and assistance in the areas affected by cyclone Amphan.
Datsun launches the all-new redi-GO in India
Jun 02, 2020, at 06:58 pm
Kolkata/IBNS: Automobile maker Datsun announced the launch of the new redi-GO in India on Tuesday.
Indian Market: Sensex up by 522 pts
Jun 02, 2020, at 04:48 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Tuesday rallied by 522.01 pts to settle at 33,825.53 on strong global cues.
TVS Motor May 2020 total sales stands at 58,906 units
Jun 02, 2020, at 04:17 pm
Mumbai/UNI: TVS Motor has reported a total sale of 58,906 units during the month of May 2020.
Ashok Leyland's May 2020 sales down by 89 pc
Jun 02, 2020, at 04:15 pm
Mumbai, Jun 2 (UNI) Commercial vehicle major Ashok Leyland has reported a decline of 89 pc in its total sales for the month of May 2020 at 1420 units as against 13,172 units in May 2019.
Royal Enfield Motorcycles May sales moves down by 69 pc
Jun 02, 2020, at 04:11 pm
Mumbai/UNI: Eicher Motors has reported a decline of 69 per cent in it's Royal Enfield motorcycles sales for the month of May 2020 at 19,113 motorcycles, as compared to 62,371 units in May 2019.
Indian Rupee surges 18 paise against USD
Jun 02, 2020, at 04:01 pm
Mumbai/UNI: The Rupee on Tuesday rose 18 paise to close at 75.36 against the US Dollar on brisk selling of the American currency by bankers and exporters, dealers at Forex Market said.
Rs 50,000 cr worth 3 schemes launched to make India self-sufficient in electronic products
Jun 02, 2020, at 03:54 pm
New Delhi/UNI: The government on Tuesday announced three new schemes at a cost of about Rs 50 thousand crore with the aim of making the world's top country in mobile phone production, as well as to speed up the production of electronic products.
Industry should take advantage of global trust developed in India: PM Modi
Jun 02, 2020, at 02:42 pm
New Delhi/UNI: Prime Minister Narendra Modi on Tuesday said the world is looking for a trusted, reliable partner and in India, there is potential, strength, ability, so the industry should take full advantage of the trust that has developed towards India.
COVID-19 fallout to cost US economy 7.9 tln USD over next decade: CBO
Jun 02, 2020, at 09:40 am
Washington/Xinhua/UNI: Fallout from the COVID-19 pandemic will shrink the size of the U.S. economy by 7.9 trillion U.S. dollars over the next decade, according to new projections released by the Congressional Budget Office (CBO) on Monday.
Jun 01, 2020, at 11:49 pm
New Delhi/IBNS: In a big boost to the Micro, Small and Medium Enterprises, the Union Cabinet chaired by Prime Minister Narendra Modi, on Monday cleared a Rs 20,000-crore debt scheme, which is expected to help nearly 2 lakh MSMEs raise funds following the anti-coronavirus lockdown.