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.  

Visit Bank branches only for urgent needs : AIBEA to customers

Mar 25, 2020, at 06:23 pm

Hyderabad/UNI:  All India Bank Employees' Association (AIBEA) on Wednesday appealed to customers to visit bank branches only for their urgent needs.

COVID-19: Flipkart shuts operations temporarily

Mar 25, 2020, at 06:21 pm

Bengaluru/UNI:  Walmart-owned Flipkart on Wednesday said that it was suspending its operations temporarily as India entered into a 21-day lockdown to contain the spread of Covid-19 pandemic.

Sensex surges 1,861.75 pts, settles at 28,535.78

Mar 25, 2020, at 06:20 pm

Mumbai/UNI:  The Sensex on Wednesday spurted 1,861.75 points to close strong at 28,535.78, biggest single day gain in percentage term amid reports that US officials have reached a deal of USD 2 trillion package to fight economic fall out from COVID-19.

Reliance industries up 14.65 pc

Mar 25, 2020, at 06:18 pm

Mumbai/UNI:  Reliance Industries, whose share jumped by 14.65 per cent to settle at 1,081.25, was the major gainer in 30 scrip of BSE on Wednesday.

Around 7.5 lakh subscribers joined EPF in January

Mar 25, 2020, at 06:14 pm

New Delhi/UNI: As many as 7,50,441 new Employees’ joined Provident Fund subscribers in January this year, according to data released by the government on Wednesday.

Stimulus package to arrest economic downturn likely: Report

Mar 25, 2020, at 05:39 pm

New Delhi/ IBNS: The government is mulling a package of Rs 1.5 lakh crore to stimulate the economy of India which is currently under lockdown due to coronavirus outbreak, a Reuters report said.

MG Motor India announces donation of Rs. 2 crore towards medical aid

Mar 25, 2020, at 01:13 pm

New Delhi/IBNS: MG Motor India on Tuesday announced a donation of Rs. 2 crore for the government hospitals and health institutions providing medical assistance in Gurugram and Halol (Vadodara), where the carmaker’s facilities are located – to ensure the health and well-being of the medical staff and underprivileged sections of society. 

Index Maintenance Sub-Committee of NSE Indices Limited announces deferment of upcoming Index Rebalancing

Mar 24, 2020, at 08:45 pm

Mumbai/IBNS: The Index Maintenance Sub-Committee (IMSC) of NSE Indices Limited announced replacements in various equity indices as part of periodic review scheduled to come into effect from March 27, 2020 (close of March 26,2020).

Coronavirus: Govt announces financial relief for common man, businessmen

Mar 24, 2020, at 07:35 pm

New Delhi/UNI: In view of the situation arising out of Coronavirus spread, the government on Tuesday announced a variety of exemptions to the general public and businessmen related to income tax returns and last date of compliance among others.

DBS Foundation calls for 2020 Social Enterprise Grants submissions, winners to get SGD 250,000 each

Mar 24, 2020, at 07:33 pm

Mumbai/IBNS: With the Covid-19 or novel coronavirus playing havoc with economy, social enterprises can take heart from DBS Foundation's calls for the Social Enterprise Grant submissions for the 2020 cycle.

Indian Market: Sensex regains 692.79 pts

Mar 24, 2020, at 05:40 pm

Mumbai/UNI:  The Sensex on Tuesday recovered by 692.79 points to end positive at 26,674.03 on positive global cues.

Global economy to contract 1.5 pct in 2020 amid COVID-19 outbreak: IIF

Mar 24, 2020, at 05:35 pm

Washington/Xinhua/UNI:  The global economy is expected to contract 1.5 percent in 2020 amid the ongoing COVID-19 outbreak, according to the forecast released by the Institute of International Finance (IIF) on Monday.