Change IBC to suit interests of small industries: Opposition

Mar 12, 2020, at 03:18 pm

New Delhi/UNI: The entire Opposition, including the Congress, said in the Rajya Sabha on Thursday that the Insolvency and Bankruptcy Code (IBC) Bill should be changed to suit the interests of small industries, to create employment opportunities in the country and encourage economic activity.

Indian market bleeds, down by over 3,000 points

Mar 12, 2020, at 03:17 pm

Mumbai/IBNS: Amid the fear over the Novel Coronavirus outbreak, the Indian market crashed on Thursday with BSE Sensex going down by over 3,000 points few minutes before the closing bell.

Indian market crashes, down by over 2,000 points

Mar 12, 2020, at 12:30 pm

Mumbai/IBNS: Amid the fear over the Novel Coronavirus outbreak, the Indian market crashed on Thursday with BSE Sensex going down by over 2,000 in few hours after the opening bell.

Indian market tanks, down by over 1,800 points

Mar 12, 2020, at 10:37 am

Mumbai/IBNS: Amid the fear over the Novel Coronavirus outbreak, the Indian market crashed on Thursday with BSE Sensex going down by over 1,800 in little more than an hour following the opening bell.

SBI removes charges on non-maintenance of average monthly balance for savings account

Mar 11, 2020, at 07:41 pm

Mumbai/IBNS: India's largest bank State Bank of India on Wednesday said it will do away with charges for non-maintenance of average monthly balance and SMS charges it levies on quarterly basis.

HeroMoto Corp up by 4.08 pc to Rs 2037.15

Mar 11, 2020, at 07:24 pm

Mumbai/UNI: HeroMoto Corp on Wednesday moved up by 4.08 per cent to Rs 2037.15 to be the top gainers in the 30 scrips index of Bombay Stock Exchange (BSE).

Indian Market: Sensex ends up by 62.45 pts

Mar 11, 2020, at 07:19 pm

Mumbai/UNI:  Snapping a losing streak of last two sessions, the BSE Sensex on Wednesday rose marginally by 62.45 points to end positive at 35,697.40, after a volatile session on fresh buying in Reliance Indusries, ICICI Bank, Hind Unilever and L & T stocks, despite a weak Asian Market.

Indian Market: Sensex falls 166 pts

Mar 11, 2020, at 05:27 pm

Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) Sensex on Wednesday declined 166 points to open at 35,468.90 as selling was seen in Realty, Technology, Power and Metal stocks.

Indian Rupee up 29 paise against USD

Mar 11, 2020, at 05:23 pm

Mumbai/UNI: The Rupee on Wednesday surged 29 paise to 73.80 in opening trade on selling of US Dollars by bankers and exporters, dealers at the Forex Market said.

SBI slashes MCLR 15 bps

Mar 11, 2020, at 05:22 pm

Mumbai/UNI: Largest public sector lender State Bank of India (SBI) has slashed Marginal Cost of Funds Based Lending Rate (MCLR) 15 bps across a few tenors.

Bank of England cuts main interest rate to 0.25 pc

Mar 11, 2020, at 03:42 pm

London/UNI: Bank of England (BoE) cut its main interest rate from 0.75 percent to 0.25 percent on Wednesday as part of a package of measures to cushion the impact of COVID-19.

User Reviews for Tata AIG's Insurance Talks About These 4 Things

Mar 10, 2020, at 07:56 pm

“Rock, paper, scissors are sitting in paper’s insurance office. Paper said, “Rock, I can cover you, but scissors, you’re a big risk for us.”

Yes Bank crisis: CBI searches 7 locations, files FIR against 5 companies, Rana Kapoor's family

Mar 09, 2020, at 05:51 pm

Mumbai/IBNS: A day after CBI registered an FIR against Yes Bank founder and its former MD Rana Kapoor under charges of criminal conspiracy and cheating, the central investigating agency searched seven locations in connection with the Yes Bank scam case, media reports said.

Bloodbath in Indian market as Sensex tanks 1,942 points, NIFTY down by 538 points

Mar 09, 2020, at 04:44 pm

Mumbai/IBNS/UNI: Amid the novel Coronavirus scare, crisis in Yes Bank and the downfall in the global market, the stock market in India witnessed a bloodbath with the fall of 1,942 points on Monday.

Tumble in oil prices will not kill shale industry, rather make it stronger - Fitch

Mar 09, 2020, at 01:32 pm

Moscow/Sputnik/UNI: Dmitry Marinchenko, the head of natural resources and commodities at Fitch Ratings, told Sputnik on Monday that the currents oil market crash would not impact the shale industry, but rather make it stronger, as it was in 2015-2016, and when the prices rise again, shale mining will start to grow.

Indian Market: Sensex tanks 1482 pts

Mar 09, 2020, at 12:18 pm

Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) Sensex on Monday dropped by 1482.26 points to 36,094.36 in opening trade on weak global cues amid the rapid spread of coronavirus across the world.

Oil prices drop sharply 

Mar 09, 2020, at 11:14 am

Moscow/Sputnik/UNI: Oil prices fell by more than 30 percent on Monday, in the wake of OPEC oil producers’ failure to agree on deeper production cuts.

Indian Rupee down by 21 paise against USD

Mar 09, 2020, at 11:10 am

Mumbai/UNI: The Rupee on Monday slipped by 21 paise to touch 74 level in opening trade on rising demand for US Dollars by bankers and importers, dealers at the Forex Market said.

Indian market turns red: Sensex tanks 1482 pts

Mar 09, 2020, at 11:07 am

Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) Sensex on Monday dropped by 1482.26 points to 36,094.36 in opening trade on weak global cues amid the rapid spread of coronavirus across the world.

Indian market opens in red amid coronavirus fears

Mar 09, 2020, at 09:46 am

Mumbai/IBNS: As investors panicked about coronavirus trouble, the Indian domestic stock market dropped sharply during early trades on Monday.

Tokyo stocks fall over 5 percent – market data

Mar 09, 2020, at 09:34 am

Tokyo/Sputnik/UNI: The Tokyo stock exchange Nikkei index dropped 5.56 percent after one hour of trading on Monday, stock market data shows.

Depositors money is safe in any bank: Reserve Bank of India

Mar 08, 2020, at 05:27 pm

Mumbai/IBNS: The Reserve Bank of India on Sunday assured that people should not panic as there is no such concern about safety of their deposits in any bank.

Maharashtra govt's Rs 1,125 cr stuck in Yes Bank

Mar 07, 2020, at 04:26 pm

Mumbai/UNI: Maharashtra government has sought details of reserves lying with various private sector banks as around Rs 1,125 cr of the government are stuck in beleaguered Yes Bank, official sources said here on Saturday.

Yes Bank crisis: FM's assurance is right, depositors' money not at risk, says SBI chairman

Mar 07, 2020, at 11:11 am

Mumbai/New Delhi/IBNS: Amid the panic of the customers of crisis-hit Yes Bank, State Bank of India (SBI) chairman Rajnish Kumar on Saturday said the depositors' money was safe throwing weight behind the statement of Union Finance Minister Nirmala Sitharaman.

No clue about Yes Bank's crisis: Founder Rana Kapoor

Mar 06, 2020, at 07:45 pm

Mumbai/IBNS: Yes Bank founder and former MD Rana Kapoor has said he is unaware of the developments that led the Reserve Bank of India to impose moratorium on the private bank, an India Today report said.

Indian Rupee down 69 paise against USD

Mar 06, 2020, at 06:26 pm

Mumbai/UNI: The Rupee continued to slid as it dropped by 69 paise to 73.79 on brisk demand for US Dollars by bankers and importers, dealers at Forex Market said.

Your money is safe, don't panic: Yes Bank tells customers

Mar 06, 2020, at 06:16 pm

New Delhi/IBNS: Yes Bank on Friday assured its customers that all their money is safe and there was no need to panic.

Our govt is committed to ensuring that depositors' interests are safeguarded: Nirmala Sitharaman on Yes Bank crisis

Mar 06, 2020, at 05:32 pm

New Delhi/IBNS: Union Finance Minister Nirmala SItharaman on Friday reacted to the development following the emergence of the Yes Bank crisis and assured people that their money will remain safe.

Yes Bank update impacts fintech start ups and app based services

Mar 06, 2020, at 05:09 pm

Mumbai/IBNS: Several fintech startups and apps are facing problems in their operations after Yes Bank was put under moratorium by the Reserve Bank of India on Thursday.

Indian Market: Sensex tanks 893.99 pts

Mar 06, 2020, at 04:42 pm

Mumbai/UNI: Dalal street witnessed another carnage on Friday, as the BSE Sensex dropped by 893.99 points to close at 37,576.62 as banking stocks came under pressure after RBI placed troubled lender Yes Bank under moratorium and took over its board.