Indian Rupee down 73 paise against USD

Mar 30, 2020, at 06:51 pm

Mumbai/UNI: The rupee on Monday heavily down by 73 paise to 75.61 against the greenback on brisk demand for US dollar by bankers and importers amid outflow by foreign institutional investors, dealers at the Forex market informed.

HAL to donate Rs 26.25 cr to PM-CARES Fund through CSR

Mar 30, 2020, at 05:40 pm

Bengaluru/UNI: Public Sector HAL has pledged Rs 20 crore from its CSR fund to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund.

Indian Market: Sensex slumps 1,375.27 pts

Mar 30, 2020, at 04:51 pm

Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Monday crashed 1,375.37 points to settle at 28,440.32 on weak global cues amid heavy selling in finance, auto and telecom stocks.

ICICI Bank launches banking services on WhatsApp·

Mar 30, 2020, at 12:42 pm

Mumbai/IBNS: ICICI Bank on Monday announced the launch of banking services on WhatsApp to enable its retail customers to undertake a slew of banking requirements from their home at a time when they are advised to stay indoors in the wake of the nationwide lockdown to fight against corona virus.

Indian Market: Sensex down by 589 pts

Mar 30, 2020, at 12:40 pm

Mumbai/UNI: The BSE index on Monday dropped by 589 pts to open at 29,226.55 as heavy selling in finance, materials, industrial, auto and banks.

Indian Rupee down by 45 paise against USD

Mar 30, 2020, at 12:37 pm

Mumbai, Mar 30 (UNI) The Rupee on Monday tumbled down 45 Paise to 75.30 in opening trade on rising demand for dollars by bankers and importers, a dealer at forex market informed.

Bank of Baroda lowers Baroda Repo Linked Lending Rate by 75 bps

Mar 30, 2020, at 12:09 pm

New Delhi/IBNS: Bank of Baroda, a public sector lender, has reduced its Baroda Repo Linked Lending Rate (BRLLR) by 75 basis points with effect from March 28, 2020.

COVID-19: Tata Trusts up their commitment by Rs 1000 crore

Mar 28, 2020, at 10:18 pm

Mumbai/IBNS: Hours after announcing a contribution of Rs 500 crore towards tackling the COVID-19 situation in India, Tata Trusts on Saturday increased their commitment to the cause with an additional Rs 1000 crore.

Tata Trusts commits Rs 500 crore to fight COVID 19 outbreak

Mar 28, 2020, at 05:50 pm

New Delhi/IBNS: In a bid to fight against COVID 19 outbreak in India, Tata Trusts has committed Rs. 500 crores to all affected communities.

Ola launches 'Drive the Driver Fund' to offer relief to the driver community

Mar 27, 2020, at 06:53 pm

Kolkata/IBNS: Two days after the nation-wide lockdown which has left the country’s drivers without any daily income, Ola, one of the world’s largest ride-hailing platform, on Friday announced the launch of ‘Drive the Driver Fund’ under the aegis of its social welfare arm, Ola Foundation.

Indian Market: Sensex down 131.18 pts

Mar 27, 2020, at 06:48 pm

Mumbai/UNI: Sensex of Bombay Stock Exchange (BSE) on Friday fell by 1,31.18 pts to end negative at 29,815.59 pts on selling in telecom, auto, realty and technology stocks.

India's corporate sector welcome's RBI repo rate cut amid COVID-19 outbreak

Mar 27, 2020, at 06:45 pm

Mumbai/IBNS: The Indian corporate sector has reacted positively to the Reserve Bank of India's decision to slash the repo rate by 75 basis points to 4.4 per cent.

Bajaj Finance moves down by 8.87 pc

Mar 27, 2020, at 06:45 pm

Mumbai/UNI:  Bajaj Finance on Friday slipped by 8.87 per cent to Rs 2,546.45 in the 30 scrips of Bombay Stock exchange.

Indian Rupee ends strong at 74.88 against USD

Mar 27, 2020, at 06:42 pm

Mumbai/UNI: Rupee on Friday closed at 74.88, registering a major gain of 35 paise against the greenback on the selling of dollars by bankers and exporters, dealers at the forex market said.

Tata Motors Ltd Board subsidiarizes company's Passenger Vehicles (PV) business

Mar 27, 2020, at 06:34 pm

Mumbai/IBNS: Tata Motors Ltd (TML) Board approves plan to subsidiarize TML’s Passenger Vehicles (PV) including Electric Vehicles (EV) business into a separate subsidiary through a scheme of arrangement for it to be fully functional on a standalone basis through a slump sale.

RBI policy will ensure sufficient liquidity, says LIC HFL

Mar 27, 2020, at 06:02 pm

Bengaluru/UNI: MD & CEO of LIC HFL said RBI policy announced on Friday will ensure sufficient liquidity in the system at a time when anxious moments are around due to Covid 19 situation.

Standard Chartered Bank CEO hails RBI's cut down of interest rates

Mar 27, 2020, at 05:31 pm

New Delhi/UNI:  Standard Chartered Bank CEO Zarin Daruwala on Friday hailed RBI's step to cut interest rates by 75 basis points to 4.4 per cent and said that the bold steps initiated by the Monetary Policy Committee should help financial markets tide over the current situation.

Singapore stocks close 1.66 pct higher

Mar 27, 2020, at 05:26 pm

Singapore/Xinhua/UNI: Singapore stocks closed higher on Friday, with the benchmark Straits Times Index (STI) going up 1.66 percent, or 41.20 points, to close at 2,528.76.

Huawei to fuel Kunpeng Computing Industry with USD200M investment in 2020

Mar 27, 2020, at 05:22 pm

Shenzhen/IBNS: Electronic major Huawei has announced the latest initiative to advance the Huawei Developer Program 2.0.

RBI measures will give 'much-desired relief', says Finance Minister Nirmala Sitharaman

Mar 27, 2020, at 04:33 pm

New Delhi/UNI: Finance Minister Nirmala Sitharaman on Friday welcomed the RBI announcement of massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the Covid-19 pandemic and maintained that three month moratorium on payments of term loan instalments and interest on working capital will give much-desired relief.

ITC sets up Rs 150 crores COVID Contingency Fund for the vulnerable

Mar 27, 2020, at 11:46 am

Kolkata/IBNS: Tobacco and FMCG major ITC has set up a Rs 150 crore COVID contingency fund for the vulnerable section of the society, the company said on Friday.

Indian Market: Sensex rises to 31k level

Mar 27, 2020, at 10:47 am

Mumbai/UNI: The BSE Sensex on Friday crossed 31,000 level in early trade as it rallied by 1180 points to 31126.03 in opening trade on the strength of finance, banked shares.

Repo rate slashed by 75 basis points to 4.4 percent: RBI Guv

Mar 27, 2020, at 10:24 am

Mumbai/IBNS: The Reserve Bank of India on Friday announced that repo rate has been slashed by 75 basis points to 4.4 percent.  

Indian Chamber of Commerce appeals to government to extend ‘support products and services list’ of Non-Essentials to ensure availability of Essentials

Mar 26, 2020, at 05:58 pm

Kolkata/IBNS: The Union Government has already identified the list of jobs and services deemed "essential" and, therefore, these are not required to be in lockdown for the next few weeks.

Syndicate Bank puts employee safety and customer service at forefront; deploys measures for uninterrupted banking

Mar 26, 2020, at 05:55 pm

Bengaluru/IBNS: In the midst of Covid-19 crisis, Syndicate Bank has announced a number of measures for employee safety and uninterrupted banking for customers.

Kotak Mahindra Group launches Kotak Silk Loans for Women

Mar 26, 2020, at 05:52 pm

Kolkata/IBNS: To help women in their attempt for financial independence, Kotak Mahindra Group has launched Kotak Silk Loans – with attractive rates and special offers across a range of loan categories especially for women borrowers.

COVID-19: FM Sitharaman announces mega package for health workers, farmers, poor people

Mar 26, 2020, at 03:07 pm

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Thursday came out with a mega package of Rs. 1,70,000 crore under "Pradhan Mantri Gareeb Kalyan Scheme" to support health workers, poor people, farmers, women and other marginalised sectors as the country is in lockdown mode to combat COVID-19.

Canara Bank extends its support to customers

Mar 26, 2020, at 01:53 pm

Kolkata/IBNS: Canara Bank, as a socially responsible organisation is always at the forefront to extend its support to its customers. In the wake of Covid-19 crisis, Customers are advised to stay safe and connect to the Bank through various digital modes.

Bringing back the joy of reading: Airtel and Juggernaut announce free access to thousands of e-books on Juggernaut Books

Mar 26, 2020, at 01:33 pm

Kolkata/IBNS: Bharti Airtel, India’s largest integrated telco, on Thursday enabled free access to thousands of titles on its e-books platform – Juggernaut Books (formerly known as Airtel Books) for all its customers.  

COVID-19: FM Sitharaman announces Rs. 50 lakh as insurance for health workers 

Mar 26, 2020, at 01:33 pm

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Thursday announced an insurance of Rs. 50 lakh for three months to all health workers who are treating COVID-19 patients.