New measures to restructure loans by banks a 'durable' resolution says RBI Governor
Aug 25, 2020, at 04:25 am
Mumbai/IBNS: Ahead of the expiry of the six-month loan repayment freeze on August 31, Reserve Bank of India Governor Shakti Kanta Das in an interview to CNBC Awaz said the new measures introduced to enable the banks to restructure loans will provide a "durable" resolution to the businesses constrained for money due to Covid-19, save jobs and in turn revive the economy, said a Bloomberg report.
India Market: Sensex ends strong at 38,799.08 pts
Aug 24, 2020, at 11:28 pm
Mumbai/UNI: The BSE Sensex on Monday added another gain of 364.36 pts at 38,799.08 on brisk buying in Finance, Bankex, Telecom and Capital Goods stocks amid positive global cues.
Kotak Bank moves up by 3.53 pc to Rs 1386.90
Aug 24, 2020, at 11:26 pm
Mumbai/UNI: Kotak Bank on Monday moved up by 3.53 pc to Rs 1386.90, a major gainer in 30 scrips of BSE.
Paytm Payments Bank enables banking services through the use of Aadhar Cards
Aug 24, 2020, at 10:41 pm
Mumbai/UNI: Paytm Payments Bank Ltd (PPBL) has enabled banking services through Aadhar Cards by integrating Aadhaar enabled Payment System (AePS).
OPPO India announces ‘Go Green Go Digital’ campaign
Aug 24, 2020, at 10:32 pm
Mumbai/UNI: In an effort to meet the ever-evolving needs of customers and empowering them with ease and convenience, OPPO India on Monday announced its ‘Go Green Go Digital’ initiative.
Perak: CEAT associates with Jawa Motorcycles
Aug 24, 2020, at 10:31 pm
Mumbai/UNI: Tyre major, CEAT Tyres, announced its association with the premium motorcycle brand Jawa Motorcycles for the launch of the Jawa Perak. CEAT designed the Zoom Cruz tyres specifically for the Jawa Perak.
Indian Rupee advances 53 paise against USD
Aug 24, 2020, at 10:29 pm
Mumbai/UNI: The Indian Rupee on Monday rallied by 53 paise to close positive at 74.31 against the greenback on brisk selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Aug 24, 2020, at 10:27 pm
New Delhi/UNI: On the occasion of the first death anniversary of former Finance Minister Arun Jaitley on Monday, the Finance Ministry highlighted 'positive changes brought forth under the Goods and Services Tax (GST) regime.'
Ford recalls some imported vehicles
Aug 24, 2020, at 03:46 am
Beijing/Xinhua: The Ford Motor Company (China) has started recalling 10,649 imported Lincoln MKX and 4,010 Lincoln Nautilus vehicles for possible airbag system malfunctions, according to China's market regulator.
MSEL, ASEL take record of unaudited financial results for the quarter ending Jun 30
Aug 23, 2020, at 01:59 am
Kolkata/IBNS: Magadh Sugar & Energy Limited (MSEL) and Avadh Sugar & Energy Limited (ASEL) earlier this month took on record of unaudited financial results for the quarter that ended Jun 30.
Brazil sees new job creation jump in July
Aug 22, 2020, at 10:49 pm
Brasilia/Xinhua: Brazil saw 131,010 formal jobs added in July, the first uptick in job creation since March, the Ministry of Economy said in a statement on Friday.
Bharti AXA non-life insurance business to merge with ICICI Lombard
Aug 22, 2020, at 05:36 pm
Kolkata/IBNS: The Board of Directors of ICICI Lombard General Insurance Company Ltd and Bharti AXA General Insurance Company Ltd have entered into definitive agreements for demerger of Bharti AXA’s non-life insurance business into ICICI Lombard through a Scheme of Arrangement.
US Court reduces damages against TCS the 2nd time in EPIC Systems case; TCS to appeal again
Aug 22, 2020, at 01:30 am
Mumbai/IBNS: A US appeals court has returned an appeal by Tata Consultancy Service (TCS) in an intellectual property case filed by US software company Epic Systems after slashing the reduced damages to $140 million, said an Economic Times report.
Jammu and Kashmir: Police arrest youth with live bullets
Aug 21, 2020, at 10:52 pm
Ananatnag/UNI: A youth was on Friday arrested during a naka checking by police in this south Kashmir district of Anantnag, where three day lockdown was imposed from today to prevent further spread of COVID-19, official sources said.
Indian Rupee recoups 19 paise against USD
Aug 21, 2020, at 10:50 pm
Mumbai/UNI: The Rupee on Friday smartly recovered by 19 paise to close positive
NTPC earns 4.75 pc, ONGC losses 1.34 pc
Aug 21, 2020, at 10:45 pm
Mumbai/UNI: NTPC on Friday rallied by 4.75 per cent to Rs 105.95 a major gainer in 30 scrips of BSE while ONGC loses by 1.34 per cent to Rs 81.05.
Indian Market: Sensex regains 214.33 pts
Aug 21, 2020, at 10:40 pm
Mumbai/UNI: The BSE Sensex on Friday bounced back by 214.33 points at 38,434.72 on fresh buying in Power, Utilities, Realty, Bankex and Finance stocks.
Jaguar Land Rover inaugurates 3S retailer ffacility in Bengaluru
Aug 21, 2020, at 06:22 pm
Bengaluru: Automobile giant Jaguar Land Rover India on Friday announced the opening of a new 3S Retailer facility in Bengaluru by Marqland in a fast developing area on New Airport Road.
Indian Market: Sensex bounces back over 300 pts
Aug 21, 2020, at 05:23 pm
Mumbai/UNI: The BSE Sensex on Friday bounced back by 334 pts at 38,555.52 as buying was seen across the board amid positive global cues.
Indian Rupee rises 8 paise against USD
Aug 21, 2020, at 05:00 pm
Mumbai/UNI: The Rupee on Friday improved by eight paise at 74.95 in opening trade on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Apple becomes first US tech company with $2 trillion stock market value
Aug 20, 2020, at 01:25 pm
New York/IBNS: Apple Inc has surpassed the big US tech companies like Amazon, Microsoft and Google-owner Alphabet to become the first publicly listed US company with a $2 trillion stock market value on Wednesday, said a Reuters report.
Cabinet approves proposal for leasing out three airports of AAI through PPP
Aug 19, 2020, at 11:31 pm
New Delhi: The Union Cabinetchaired by the Prime Minister, Shri Narendra Modi has approvedthe proposal for leasing out three airports namely Jaipur, Guwahati and Thiruvananthapuram airports of Airports Authority of India (AAI) through Public Private Partnership (PPP).
Tech Mahindra moves up by 1.97 pc to Rs 727.20
Aug 19, 2020, at 11:29 pm
Mumbai/UNI: Tech Mahindra on Wednesday advanced by 1.97 pc to Rs 727.20 a major gainer in 30 scrips of BSE.
Indian Rupee slips by 7 paise against USD
Aug 19, 2020, at 11:15 pm
Mumbai/UNI: The Rupee on Wednesday slipped by seven paise to settle at 74.82 against the US Dollar on rising demand for the greenback by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex rallied by 86.47 pts
Aug 19, 2020, at 11:01 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday advanced by 86.47 pts at 38,614.79 led by buying in Telecom, Realty, Industrials, Utilities and Finance stocks.
Reliance acquires majority stake in Netmeds
Aug 19, 2020, at 07:11 pm
Mumbai/UNI: Mukesh Ambani's Reliance Industries Limited (RIL) said that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately Rs 620 crore.
Snapdeal sees surge in sale of health monitoring devices amid Covid-19
Aug 19, 2020, at 05:11 am
Mumbai/IBNS: The pandemic has prompted the rapid increase in the use of at-home diagnostic medical devices as many continue to fear going to diagnostic centres for medical tests. The growth could also be a result of the awareness about early diagnosis and preventive care.
Ultracemco moves up by 3.34 pc to Rs 4,170.95
Aug 18, 2020, at 10:28 pm
Mumbai/UNI: Ultracemco on Tuesday advanced by 3.24 pc to close at Rs 4170.95 a major gainer in 30 scrips of BSE.
Indian Market: Sensex up by 477.54 pts
Aug 18, 2020, at 10:25 pm
Mumbai/UNI: The benchmark index of the Bombay Stock Exchange(BSE) on Monday further rallied by 477.54 pts to close at 38,528.32 on brisk buying in Materials, Metal, Bankex, Realty and Consumer Durable stocks.
Indian Rupee ends strong at 74.75 against USD
Aug 18, 2020, at 10:24 pm
Mumbai/UNI: The Rupee on Tuesday advanced by thirteen paise at 74.75 against the US Dollar on brisk selling of US Dollar by bankers and exporters, dealers at the Forex Market said.