Sitharaman announces 3 lakh crore emergency capital for MSMEs: Catch full statement here
May 13, 2020, at 08:35 pm
New Delhi/IBNS: After Narendra Modi's announcement of a special economic and comprehensive package of Rs 20 lakh crores for Self-Reliant India Movement in the aftermath of Coronavirus pandemic, Union Minister of Finance & Corporate Affairs Nirmala Sitharaman on Wednesday said that the PM had laid out a comprehensive vision in his address to the nation.
FM Nirmala Sitharaman announces 3 lakh crores collateral-free loans for MSMEs
May 13, 2020, at 05:34 pm
New Delhi/IBNS: In a bid by the Modi government to fight back the economic impact of COVID-19 outbreak, Union Finance Minister Nirmala Sitharaman on Wednesday announced several categories of collateral-free loans for Ministry of Micro, Small and Medium Enterprises (MSME)s as a part of the Atmanirbhar Bharat Yojana (Self-reliant India) announced by PM Narendra Modi on Tuesday during his national address.
Maruti Suzuki Q4 net moves down by 29 pc to Rs 1291.70 cr
May 13, 2020, at 05:22 pm
Mumbai/UNI: Car major Maruti Suzuki India Ltd on Wednesday reported a 28 per cent decline in it's net profit for quarter ending March, 2020 at Rs 1,291.70 crore, compared to Rs 1795.60 crore in the last year.
Indian market: Sensex movie up 637.49 ptsÂ
May 13, 2020, at 05:20 pm
Mumbai/UNI: Snapping a losing streak of last two sessions, the BSE Sensex on Wednesday surged by 637.49 pts to 32,008.61over 2 per cent gains as investors awaited details of Rs 20 lakh crore stimulus announced yesterday.
Indian Rupee rises marginally by 5 paise against USD
May 13, 2020, at 04:29 pm
Mumbai/UNI: The Rupee on Wednesday rose marginally by five paise to close at 75.45 against the USD, on selling of US Dollar by bankers and importers, dealers at the forex market informed.
FM Nirmala Sitharaman begins her briefingÂ
May 13, 2020, at 04:14 pm
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman has started briefing the nation about the details of the Rs. 20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi during his 33-minute address to the nation last night.
What to expect from Centre's Rs. 20 lakh crore economic package: Report
May 13, 2020, at 03:25 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman at 4 pm on Wednesday will share the details of the mega stimulus economic package worth Rs. 20 lakh crore announced by Prime Minister Narendra Modi last night.
Nirmala Sitharaman to share details of Modi's Rs. 20 lakh crore economic package at 4 pm
May 13, 2020, at 12:34 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman at 4 pm on Wednesday will share the details of the mega stimulus economic package worth Rs. 20 lakh crore announced by Prime Minister Narendra Modi last night.
Indian market:Â Sensex zooms 1474 pts
May 13, 2020, at 10:55 am
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday spurted by 1,474 pts to open at 32,841.87 following an announcement of a Rs 20-trillion stimulus package by the PM Narendra Modi to start the battered economy.
Indian Rupee strengthens by 16 paise against USD
May 13, 2020, at 10:52 am
Mumbai/UNI: The Rupee on Wednesday jumped by 16 paise to 75.34 in opening trade against the US Dollar on the selling of the US dollar by bankers and exporters, dealers at Forex Market said.
Twitter may permit employees to work from home 'Forever'
May 13, 2020, at 10:03 am
Washington/Sputnik/UNI: Twitter said in a statement on Wednesday that it has come up with a new policy permitting all of its employees to work from home not only through the current coronavirus pandemic, but also indefinitely afterwards if they want to.
Indian market opens in green during early trade
May 13, 2020, at 09:55 am
Mumbai/IBNS: A day after PM Narendra Modi announced the mega 20 lakh crore economic package to tackle the COVID-19 crisis, the market commenced on a positive note on Wednesday as Sensex moved up by 814 points to stand at 32185.90.
Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'
May 12, 2020, at 11:01 pm
Mumbai/IBNS: Indian Banks Association (IBA) has sent a proposal to set up a 'Bad Bank' to the Finance Ministry and the Reserve Bank of India (RBI), said a CNBC-TV18 report. A Bad Bank is named so as it houses all bad loans or non-performing assets.
Lockdown Impact: IIP for March shrinks by record margin of 16.7%
May 12, 2020, at 10:43 pm
New Delhi/ IBNS: India's factory output shrank by a record 16.7 per cent in March 2020 as a result of minimal economic activity due to nationwide lockdown imposed to contain the spread of coronavirus.
PM Modi's Rs 20 lakh crore package calls for self-reliance to lift national spirit: ASSOCHAM
May 12, 2020, at 10:38 pm
New Delhi/IBNS: ASSOCHAM on Tuesday profusely thanked Prime Minister Narendra Modi for lifting the national spirit up, not only with his Rs 20 lakh crore economic package but also laying a broad direction for the country's development , based on a Self-Reliant India, standing tall in the evolving new world order.
Glenmark Initiates Phase 3 Clinical Trials on Antiviral Favipiravir for COVID-19 Patients in India
May 12, 2020, at 07:55 pm
MUMBAI/PRNewswire -- Glenmark Pharmaceuticals, a research-led, integrated global pharmaceutical company has initiated Phase 3 clinical trials in India on Antiviral tablet Favipiravir, for which it received approval from India's drug regulator DCGI in late April. Glenmark is the first company in India to initiate Phase 3 clinical trials on Favipiravir for COVID-19 patients in India. Favipiravir is a generic version of Avigan® of Fujifilm Toyama Chemical Co. Ltd., Japan, a subsidiary of Fujifilm Corporation. Clinical trials have commenced and over 10 leading government and private hospitals in India are being enrolled for the study. Glenmark estimates study completion by July/August 2020.
-1589291697.jpg "Bandhan Bank FY20 net profit shoots up by more than 54 pc")
Bandhan Bank FY20 net profit shoots up by more than 54 pc
May 12, 2020, at 07:25 pm
Kolkata/UNI: Bandhan Bank FY20 net profit has grown 54.96 per cent (YoY) at Rs3,024 crore after taking COVID-19 provision on standard advances amounting to Rs 690 crore and deposit increased by 32.04 per cent (YoY) to Rs57,082 crore.
May 12, 2020, at 05:45 pm
New Delhi/IBNS: India enjoys 18 per cent share in Tanzanian imports and 14 per cent share in Tanzanian exports, said Sanjiv Kohli, High Commissioner to Tanzania, in an interactive webinar on 'India-Tanzania Business Promotion, Challenges and Opportunities – Post COVID19'.
Indian Market: Sensex down by 190.10 pts
May 12, 2020, at 04:38 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange slipped further by 190.10 pts on Tuesday to settle at 31,371.12 in highly volatile trade on heavy selling in Energy, Oil and Gas, Capital Goods, Bankex, Industrials and Health Care stocks amid positive European cues.
Indian Rupee down 18 paise against USD
May 12, 2020, at 12:13 pm
Mumbai/UNI: The Rupee declined further by 18 paise to 75.92 on Tuesday in opening trade against the US Dollar on rising demand for US dollar by bankers and importers, dealers at Forex Market said.
The Time to Secure Your Financial Future Is Now: 4 Alternatives to Stock Market Investments
May 12, 2020, at 11:47 am
Stocks are usually what the general public invest their money in, not knowing that there are alternatives out there. In fact, there are even better investments out there that could provide a larger rate of return, if they’re invested into properly. Most people just aren’t aware that these options exist and could be placing their money in something more stable and financially sound than the stock market.
Indian Market: Sensex down by over 400 pts
May 12, 2020, at 10:50 am
Mumbai/UNI: The benchmark index of Bombay Stock Exchange lost another 404 points to 31,156.95 in early trade on Tuesday as heavy selling was witnessed in Finance, Bankex, Auto and Capital Good s stocks amid negative global cues.
Redington to offer new iPhone SE; phone packs in A13 Bionic, Portrait mode, and more
May 11, 2020, at 08:15 pm
Kolkata/IBNS: Redington, which provides distribution and other solutions to companies, said it will retail the new iPhone SE.
Indian Rupee down by 20 paise against USD
May 11, 2020, at 03:58 pm
Mumbai/UNI: The Rupee on Monday slipped by 20 paise to close at 75.74 against the USD, on rising demand for US Dollar by bankers and exporters dealers at the forex market informed.
Panasonic India resumes sales in the country
May 11, 2020, at 03:51 pm
Kolkata/UNI: Panasonic India, a diversified technology company, today announced that it has resumed sale of its products where allowed as per Govt guidelines.
COVID-19 lockdown: Colombian airline Avianca files for bankruptcy
May 11, 2020, at 12:57 pm
Bogota/IBNS: Reflecting the trouble faced by the aviation sector owing to lockdown imposed by countries to counter COVID-19 outbreak, Colombia's national airline, Avianca, has filed for bankruptcy protection in a US court.
Indian Rupee opens weak by 5 paise against USD
May 11, 2020, at 10:56 am
Mumbai/UNI: The Rupee on Monday fell by five paise to 75.59 against the US Dollar in opening session on rising demand for US dollar by bankers and importers, dealers at Forex Market said.
Indian Market:Â Sensex rallies by 489 pts
May 11, 2020, at 10:52 am
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Monday spurted by 489 pts, to 32,132.69 in early trade on brisk buying in Auto, Energy, IT and Consumer Durable stocks amid positive global peers.
May 10, 2020, at 06:03 pm
Guwahati/IBNS: Assam government has collected over Rs 100 crore as revenue from liquor sales in the state in last five days after the liquor shops were allowed to open as part of the nationwide lockdown relaxations.
Indian Economy: Sensex slumps 2074.92 points during week
May 09, 2020, at 01:29 pm
Mumbai/UNI: The benchmark Index of Bombay Stock Exchange crashed by 2,074.92 points or 6.15 pc to settle at 31,642.70 in the week under review amid high volatility following a rapid increase in new cases of coronavirus in last few days, played the spoilsport.