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.
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.