Sensex registers over 370 pts hike, crosses 32k mark

Apr 28, 2020, at 09:24 pm

Mumbai/UNI: The BSE Sensex gained 371.44 pts to touch 32k level and reach 32,114.52 as brisk buying was witnessed in finance, bankex, realty and oil and gas stocks.

Max Life to be 70:30 joint venture between Max Financial Services & Axis Bank

Apr 28, 2020, at 09:14 pm

New Delhi/UNI: Axis Bank Limited and Max Financial Services Limited on Tuesday announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company Limited (Max Life).

The 100 per cent Digital Health EMI Network Card from Bajaj Finserv

Apr 28, 2020, at 09:06 pm

PUNE, India/PRNewswire-- The funds allocated towards healthcare by the 2020 Union Budget were 5.7% lower than the amount apportioned last year. This combined with the fact that healthcare inflation in India is believed to be increasing at double the rate of retail inflation and that about 56% of Indians don't have any health insurance reveals the stark nature of healthcare finance in the country. To address this deficiency and make medical care more accessible and hassle-free, Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, offers a Digital Health EMI Network Card.

India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response

Apr 28, 2020, at 05:54 pm

New Delhi/IBNS: The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.

Airtel, Nokia sign multi-year deal to boost network capacity and customer experience

Apr 28, 2020, at 12:11 pm

Espoo/IBNS: Nokia and Bharti Airtel on Tuesday announced a multi-year agreement to deploy Nokia’s SRAN solution across 9 circles1 in India, helping Airtel to enhance the network capacity of its networks, in particular 4G, and improve customer experience.

Indian Market: Sensex rallies 358 pts

Apr 28, 2020, at 11:52 am

Mumbai/UNI: Extending gains further on Tuesday, the Sensex rallied by 358 pts to open at 32,101.91 on brisk buying in finance, bankex, auto and metal stocks amid global cues.

Indian Rupee falls 7 paise against USD

Apr 28, 2020, at 11:46 am

Mumbai/UNI: Rupee on Tuesday opened on a weak note at 76.31, down by seven paise against the US dollar on rising demand for US dollar by bankers and importers, dealers at Forex Market said.

Lockdown income-loss forces workers to lay hands on Provident Fund savings

Apr 28, 2020, at 12:07 am

Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.

SAIL continues to be at forefront of India’s fight against Corona

Apr 27, 2020, at 07:34 pm

New Delhi/UNI: Steel Authority of India Limited (SAIL) continues to be at the forefront of India’s fight against COVID-19.Under the guidance of Steel Minister Dharmendra Pradhan, SAIL has contributed Rs 4 crore to four states -- Jharkhand, Odisha, Chhattisgarh and West Bengal where its five integrated steel plants are located.

Indian Market: Sensex regains 415.86 pts

Apr 27, 2020, at 04:55 pm

Mumbai/UNI: The BSE Sensex on Monday rallied by 415.86 points to end at 31,743.08 following gains in Bankex, Finance, FMCG and Realty stocks amid positive global cues.

IndusInd Bank moves up by 6.33 pc to Rs 407.35

Apr 27, 2020, at 04:50 pm

Mumbai/UNI: IndusInd Bank on Monday advanced by 6.33 per cent to Rs 407.35 to be the major gainer in 30 scrips of BSE.

US oil futures move down by over 7 pc amid oversupply concerns

Apr 27, 2020, at 03:00 pm

New York/UNI: Oil prices dropped noticeably Sunday night with the US benchmark down more than 7 percent amid persistent oversupply concerns.

Indian Market: Sensex over 700 pts up till noon

Apr 27, 2020, at 02:55 pm

Mumbai/UNI: Benchmark Index of Bombay Stock Exchange on Monday spurted by 776 pts to 32,103 till noon as financial stocks zoomed after the Reserve Bank of India announced a Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore.

Indian Rupee opens strong at 76.17 against USD

Apr 27, 2020, at 12:20 pm

Mumbai/UNI: Rupee on Monday rallied by 28 paise to 76.17 against the US dollar in early trade on the selling of US dollar by bankers and exporters, dealers at Forex Market said.

Indian Market: Sensex jumps 600 pts

Apr 27, 2020, at 10:53 am

Mumbai/UNI: BSE Sensex on Monday bounced back by 600 pts to 31.927.98 in opening trade as buying was seen across the board amid positive global cues.

RBI announces Rs 50,000 crore special liquidity facility for Mutual Fund

Apr 27, 2020, at 10:19 am

New Delhi/IBNS: The Reserve Bank of India on Monday announced it has opened a special liquidity facility worth Rs 50,000 crore for Mutual Funds.

Centre rejects report by IRS officials suggesting Income Tax hike, calls it ill conceived

Apr 27, 2020, at 12:01 am

New Delhi/ IBNS: The Centre has rejected a report prepared by a group of IRS officers that suggested a 40 per cent hike in the income tax rate, a 4 per cent Covid-19 relief cess and imposing a super-rich tax, finance ministry officials have said, reported media. 

MSME Minister Nitin Gadkari asks entrepreneurs to take advantage of anti-Chinese sentiments to attract business

Apr 26, 2020, at 11:35 pm

New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.

China's telecom sector reports better performance for Q1

Apr 25, 2020, at 03:33 pm

Beijing/Xinhua/UNI:  China's telecommunications industry registered a slight growth in the first quarter, official data showed.

Xiaomi Financial Services announces collaboration with SafeGold

Apr 25, 2020, at 03:18 pm

Bengaluru/UNI: Xiaomi Financial Services on Saturday announced its new feature in collaboration with SafeGold where gold trading is made possible through MiPay.

Indian Market: Sensex rallies 483.53 pts

Apr 23, 2020, at 05:22 pm

Mumbai/UNI: The BSE Sensex on Thursday gained 483.53 points to 31,863.08 on brisk buying in Technology, Bankex, IT and Finance stocks amid positive Asian Market.

Kotak Mahindra Bank shares move up 8.59 pc to Rs 1249.85

Apr 23, 2020, at 05:10 pm

Mumbai/UNI:  Kotak Mahindra Bank was the major Sensex gainer with its shares surging 8.59 per cent to Rs 1249.85 apiece on Thursday.

Indian Govt should sell kitchen gas cylinders at Rs 150: RLD

Apr 23, 2020, at 04:38 pm

Lucknow, Apr 23 (UNI) In view of the historic fall in the prices of crude oil, the Rashtriya Lok Dal (RLD) has urged for decrease in prices of kitchen gas cylinders.

Hyundai Motor Company reports BL11.6 percent decline in global wholesale volume

Apr 23, 2020, at 03:22 pm

Seoul/IBNS: Hyundai Motor Company on Thursday announced its business results for the first quarter of 2020, reporting an 11.6 percent decline in global wholesale volume due mainly to temporary production disruption at its Korean facilities and weak global demand caused by COVID-19.

Indian govt employees, pensioners not to get hike in DA till June 2021 due to Coronavirus outbreak

Apr 23, 2020, at 02:57 pm

New Delhi/UNI: The additional installment of Dearness Allowance to Central government employees and Dearness Relief to Central government pensioners due from January 1, 2020, will not be paid because of the financial strains due to the Novel Coronavirus crisis, the government said on Thursday.

Indian Rupee ends strong at 76.07 against USD

Apr 23, 2020, at 02:40 pm

Mumbai/UNI:  The Rupee remained robust for another day on Thursday, as it advanced by 60 paise to close at 76.07 on brisk selling of US dollar by bankers and exporters dealers at the forex market informed.

After Facebook deal, Mukesh Ambani becomes Asia's richest person again

Apr 23, 2020, at 02:24 pm

Mumbai/IBNS: Indian businessman Mukesh Ambani pipped China's Jack Ma to once again become Asia's richest person after striking a deal with Mark Zuckerberg's Facebook Inc. a day ago, media reports said. 

Stock market: Sensex rallied by 267 pts

Apr 23, 2020, at 11:32 am

Mumbai/UNI: The benchmark index of Bombay stock exchange on Thursday further gained by 267 pts to open at 31,646.45 on renewed buying in metal, materials, health care and FMCG stocks amid positive global cues.

Buzinessbytes salutes real-life Covid-19 heroes

Apr 22, 2020, at 10:09 pm

New Delhi: Buzinessbytes, a one-stop solution of news requirements, recently launched a video saluting the real-life heroes who have made it possible to lead a good life despite coronavirus pandemic.

COVID-19: PayNearby outlets offer users to withdraw Direct Benefit Transfer funds and cash

Apr 22, 2020, at 07:02 pm

New Delhi/IBNS:  PayNearby, the hyperlocal fintech network builder, through its 8 lakh network of banking correspondents has been seamlessly facilitating cash withdrawal and transfer in this period - conducting over 8.5 lakh transactions per day.