Bharti AXA Life Renewal income rise 17% to Rs 1,359 cr in FY20

Jun 08, 2020, at 06:54 pm

New Delhi/IBNS: Bharti AXA Life Insurance today said the company registered 17% growth in its renewal premium to Rs 1,359 core for the year ended March 31, 2020, against Rs 1,164 crore in the last financial year 2018-19.

Sensex moves up by 83.34 pts

Jun 08, 2020, at 04:31 pm

Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Monday advanced by 83.34 pts to end at 34,370.58 in highly volatile trade following gains in Oil Gas, IT, Technology and Industrials stocks amid positive Asian cues.

IndusInd Bank moves up by 7.21 pc to Rs 453

Jun 08, 2020, at 04:29 pm

Mumbai/UNI: IndusInd Bank on Monday rallied by 7.21 pc to Rs 453 a major gainer in 30 scrips of BSE.

Saudi Arabia’s oil export drops by 21.9 percent in Q1 2020

Jun 08, 2020, at 04:23 pm

Riyadh/Sputnik:  Saudi Arabia’s oil export has fallen by 21.9 percent, or some $11 million, in the first quarter of 2020, the country’s General Authority for Statistics said on Monday.

ADIA to invest Rs 5,683.50 crore in Reliance Jio platforms

Jun 07, 2020, at 08:59 pm

Mumbai/UNI: Reliance Industries and Jio Platforms on Sunday announced an investment of Rs 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

GRSE announces financial results for Q4 and FY20

Jun 07, 2020, at 12:07 am

Kolkata/IBNS: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country, have announced its financial results for the Q4 & FY20 ended on Mar 31, 2020.

Coal India Arm Western Coalfields opens 3 new coal mines

Jun 06, 2020, at 04:09 pm

New Delhi/UNI: Coal India Subsidiary Western Coalfields Ltd (WCL) opened three new coal mines in Maharashtra and Madhya Pradesh on Saturday having combined annual production capacity of 2.9 million tonnes.

Mubadala to invest ₹ 9,093.60 crore in Reliance's Jio Platforms

Jun 05, 2020, at 11:48 pm

Mumbai/IBNS: Reliance Industries Limited and Jio Platforms Limited on Friday announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest ₹ 9,093.60 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.

India's foreign exchange reserves soar amid Covid-19 pandemic

Jun 05, 2020, at 10:03 pm

Mumbai/IBNS: At a time when India is facing a fresh economic challenge triggered by coronavirus pandemic, the Reserve Bank of India said country's foreign exchange reserve has increased by USD 3.43 billion to a new all-time high of $493.48 billion for the week ended May 29 following handsome accumulation of the core currency assets.

Tata Sons is not looking to monetise its investments to raise capital: N .Chandrasekaran 

Jun 05, 2020, at 06:53 pm

Mumbai/IBNS: Tata Sons chairman N .Chandrasekaran on Friday said the company is not looking to monetise its investments to raise capital.

Indian Sensex regains by 306.54 pts

Jun 05, 2020, at 04:48 pm

Mumbai/UNI:  The benchmark index of Bombay Stock Exchange on Friday surged by 306.54 points to end positive at 34,287.24 followed gains in Metal, Telecom, Materials and Realty stocks tracking positive global cues.

State Bank of India's net profit jumps to Rs.3,581 crore in Q4 on one-time gain

Jun 05, 2020, at 04:46 pm

New Delhi/Mumbai: State Bank of India's net profit for the month of May touched Rs.  3581 Crores in Q4FY20. It is an increase of 327 percent.

Indian unemployment rate in 2018-19 was 5.8 pc

Jun 05, 2020, at 04:35 pm

New Delhi/UNI:  The unemployment rate in the country was 5.8 per cent in 2018-19 as compared to 6.1 per cent in the previous year, according to data released by the government on Thursday.

Indian Market: Sensex recovers 377 pts

Jun 05, 2020, at 04:25 pm

Mumbai/UNI: The benchmark Index of Bombay Stock Exchange on Friday smartly recovered by 377 pts to 34,357.39, in opening trade on buying in Energy, Industrials, Metal and Bankex stocks.

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.

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.

Despite lack of non-local workers owing to Covid, Kashmiri farmers themselves engage in paddy cultivation

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.

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.