Industry
No better time to bet on India than now, says billionaire Gautam Adani
Adani said there cannot be any denying the fact that India over the next several decades will be a market continuously on the up.
Reddit co-founder Alexis Ohanian quits board, asks for black replacement
Ohanian decided to quit after days of violent protests across the US over the killing of African-American George Floyd, a 46-year-old man who died in Minneapolis on May 25 after a white police officer
Vedanta Q4 net loss at Rs 12,521 crore
The consolidated income of the company during January-March quarter dropped to Rs 20,382 crore, over Rs 25,096 crore in the year-ago period, the filing said.
Yatra Online terminates $337 million merger with US-based Ebix Inc, alleges breach of agreement
Gurugram-based online travel agency and travel search engine, Yatra Online Inc has announced that it is terminating the pending merger agreement with US-Based software firm Ebix Inc
State govt’s permission for migrant labourers’ employment? Here’s where that stands on legal grounds
With a 23 lakh strong workforce returning to their homes in UP and their recent sufferings known around the nation, the Yogi Aditayanath Government is contemplating a Migrant Commission to be set up.
Planters seek moratorium on rubber imports
NR import from Indonesia, Vietnam, Malaysia and Thailand accounted for 42.2%, 19.7%, 10.7% and 9.8%, respectively, and together made up 82.4% of the total imports during 2018-19.
IBC ordinance: No fresh default case for a year from Mar 25
The ordinance said a sub-section will be inserted after Section 66 of the IBC
SBI Q4 net shoots up 327% year-on-year on one-time gain
SBI’s operating profit fell 7% y-o-y to Rs 15,734 crore, as per the numbers filed with the exchanges. Kumar said the bank is taking an eight-quarter view, and in FY22, it targets clocking an operati
82% customers have paid two or more EMIs: SBI chairman Rajnish Kumar
Q&A: Rajnish Kumar, SBI chairman
Non-food credit shrinks Rs 1.76 lakh crore despite credit push, lower repayments
State Bank of India (SBI) chairman Rajnish Kumar on Friday said that the bank has had to temper its expectation of a 12% growth in credit in FY21
Monetary policy committee must frontload action in view of deteriorating outlook: RBI governor Shaktikanta Das
In its May policy review, the MPC had refrained from offering a specific level for growth in gross domestic product (GDP) while pegging it to be in negative territory for FY21.
CavinKare launches ‘SaaFoo’ washes brand to cleanse vegetable, fruit & meat
CavinKare is also the first consumer brand to introduce a cleansing liquid, specifically made for meat and seafood.
Discom losses seen doubling to Rs 58,000 crore in FY21
Discoms are also expected to end up owing lenders a staggering Rs 4.5 lakh crore by the end of this fiscal, recording a 30% annual rise, and deteriorating their credit profiles.
Maharashtra sugar mills seek extension of licence for hand sanitiser manufacture
Both cooperative and private sugar millers want the state government to grant extension for the licence for a year.
Unlock India 1.0: Govt issues SOPs prior to reopening of shopping malls
As per the SOPs, thermal screening will be mandatory at the entrance and only those shoppers will be allowed who use face masks that are to be worn at all times.
Govt releases price index for commercial coal mining
The rates have been derived from a weighted combination of monthly prices of coal in various channels of transaction, including imports, for the month of March.
Abu Dhabi’s Mubadala picks up 1.85% stake in Jio Platforms for $1.2 billion
With the latest investment, Jio has raised a total of Rs 87,655.35 crore from leading global tech & growth investors.
Northern Arc raises $50 million from US International Development Finance Corporation
Over 140 reputed investors including banks, asset managers, insurance companies and DFIs have invested in transactions structured and arranged by Northern Arc Capital.
RBI to launch Rs 500-crore payments infrastructure development fund
The PIDF will also receive recurring contributions to cover operational expenses from the banks and card networks. The RBI will also contribute to yearly shortfalls, if necessary.
HDFC Bank launches special deals to push consumer spends
Demand for safe digital payments and private transport is also rising. Similarly, as shops and businesses begin to reopen, they have requirements for business finance.
Nitin Gadkari exhorts steel players to eye bigger global share, tap opportunities
Union minister Nitin Gadkari also urged the industry to focus on exports by increasing capacity and reduce dependence on imports.
Zomato retreats from big grocery bet; likely to shut down ‘Market’ after two months of testing
With unlock 1.0 relaxations, Zomato will “spend a large proportion of our time making our food delivery service the safest, and the most loved one in town,” a Zomato spokesperson said.
Silver Lake raises stake in Jio Platforms for additional Rs 4,546.80 crore, Ambani gets seventh cheque
Private equity firm Silver Lake has invested an additional Rs 4,546.80 crore in Reliance Industries' digital arm Jio Platforms to raise its stake in the firm to 2.08 per cent.
Post offices deliver $54 million in rural, unbanked areas during lockdown: Niti Aayog CEO Amitabh Kant
Post offices delivered USD 54 million (around Rs 408 crore) through 2.1 million transactions, mostly in rural and unbanked areas, between March 24- April 23 period, Kant said.
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Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
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