Industry

Non-food credit growth slows to 6.7% in June

Personal loans continued to perform well, registering a growth of 10.5 per cent in June 2020, almost similar to May 2020 but lower than 16.6 per cent growth in June 2019, RBI's Sectoral Deployment of

‘AatmaNirbhar Bharat’ logo design contest to be conducted by MyGov

'AatmaNirbhar Bharat Logo Design Contest' will be conducted by MyGov to encourage the spirit of innovation and self-reliance, the statement said.

Premium smartphone sales in India drop 32% in June 2020 quarter: Report

New launches like the OnePlus 8 series 5G in premium segment and re-entry of Apple in affordable premium segment kept the momentum alive in the market.

‘Gramodyog Vikas Yojana’: Govt launches programme for artisans involved in manufacturing of agarbatti

The Khadi and Village Industries Commission (KVIC), a statutory organisation under the Ministry of Micro Small and Medium Enterprises (MSME), will provide training, and assist artisans working in this

Khadi Agarbatti Aatmanirbhar Mission details

After ‘why this ad’, Google to introduce ‘about this ad’ to improve user privacy in digital advertising

Google said due to the complexity of the digital ads ecosystem and the large number of entities involved, it's typically not clear to users which companies are even involved in showing them an ad.

Yes Bank scam: Court rejects bail pleas of Wadhawan brothers

According to the CBI FIR, the scam started taking shape between April and June 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hit DHFL.

Hosiery exporters seek extension of loan moratorium upto March

TEA has sent a copy of the representation to Union Finance Minister Nirmala Sitharaman, Minister of Corporate Affairs Nitin Gadkari, Minister of Road Transport and Micro, Small and Medium Enterprises

Apple confirms iPhone 12 launch is delayed; here’s why

Apple has shown signs of shrugging off the coronavirus crisis and the subsequent slump in the global economy.

Sun Pharma posts surprise quarterly loss on one-time charges

Revenue too fell 9.3% to 75.9 billion rupees compared to the year-ago period, according to a filing Friday by the Mumbai-based company.

Taro is paying an additional $213 million to resolve civil claims brought by the Justice Department and also set aside an additional $60 million as a provision for “related ongoing multi-jurisdiction civil antitrust matters,” Sun Pharma said in its statement.

26 years of mobile telephony in India: Sunil Bharti Mittal again asks govt to resolve 2 key issues

Sunil Bharti Mittal, who runs India’s second biggest telecom company, has made a fresh pitch to the government, seeking its help to lower taxes and levies on the telecom industry.

Lethal Android malware BlackRock may steal banking, sensitive data from phones: CERT-In

To avoid the trap of the malware, the agency has advised users to not download any unknown updates from fishy and shady sources.

The advisory issued by the agency said that the malware dubbed BlackRock which has data stealing capabilities, has been reported to be attacking a wide range of Android phone applications.

Huawei spinoff Honor launches its first laptop in India; specs, price and everything to know

The Honor MagicBook 15 has been launched in India at a very aggressive price of Rs 42,990.

Honor MagicBook 15

Oppo Watch with Apple Watch-like design, Google Wear OS software launched in India for Rs 14,990

Oppo Watch comes in two sizes and looks a lot like the Apple Watch.

Mukesh Ambani pushes for 2G-free India; asks govt to take steps to make India truly digital

RIL chairman Mukesh Ambani has again pushed for 2G free India as DoT and COAI celebrate 25th anniversary of mobility in India.

Reliance Jio, Jio, Reliance Telecom Arm, Data Demand in Lockdown, RIL, Jio ARPU, Jio total customers in India, telecom, digital, Jio attract more than 1-5 lakh investment from global companies, mukesh ambani

JSW Energy terminates Rs 5,321 cr deal to acquire GMR Kamalanga Energy

"With elapsing of long stop date, both parties have mutually agreed to terminate the transaction given continued uncertainty due to COVID-19 pandemic," JSW Energy said in BSE filing on Friday.

"The transaction has been put on hold given the ongoing uncertainty and will be revisited once the situation normalises," JSW Energy had said in a BSE filing in May.

ITBP inks deal with KVIC to procure ‘swadeshi’, ‘khadi’ items for CAPF personnel

The force will procure 1,200 quintals of mustard oil from the Khadi and Village Industries Commission (KVIC) with "a total financial implication of over Rs 1.73 crore", an ITBP spokesperson said.

"A Memorandum of Understanding was signed between the two sides on Friday. The aim is to increasingly procure 'swadeshi' or indigenously made products," he said.

Facebook, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global

Referring to the investment in Jio Platforms, Facebook CEO Mark Zuckerberg said the partnership "will be to wire up and get thousands of kiranas, small businesses across India, onboarded onto WhatsApp

Zuckerberg noted that India "should be one of the faster-growing business opportunities" for the company.

IOC Q1 net profit falls 47 pc to Rs 1,910.84 cr

IOC said it lost $1.98 on turning every barrel of crude oil into fuel in the April-June period. This compared to a gross refining margin of $4.69 a barrel in Q1 of 2019-20.

Income from operations fell to Rs 88,936.54 crore in April-June.

FM Sitharaman says banks can’t refuse loans to MSMEs under emergency credit facility; warns action if reported

Credit and Finance for MSMEs: Nirmala Sitharaman said that if banks refuse credit to MSME under the emergency credit facility, it must be reported and she will look into it.

Finance Minister, Nirmala Sitharaman, bank credit, MSME credit, credit for small business, development finance institution

Samsung’s new UV Steriliser is designed to disinfect your smartphones, accessories and essentials in just 10 minutes; details

Samsung has launched the UV Steriliser for smartphones, accessories and other essential items in India at a price of Rs 3,599.

Samsung UV Steriliser

Amazon focused on digitising MSMEs in India, on-boarding more sellers, says top company executive

He added that the company has created over 175,000 new jobs since March and is in the process of bringing 125,000 of these employees into regular, full time positions.

Amazon has introduced seller registration and account management services in Hindi.

McDonald’s sees green shoot of revival in June; registers 70% sales of pre-COVID levels on McDelivery

Fast-food chain McDonald’s has slowly started to see revival of sales after the coronavirus pandemic affects businesses during lockdown.

Oppo Reno 4 Pro launched in India with attractive gradient design and whopping 65W fast charging

Oppo has launched the Reno 4 Pro in India at a price of Rs 34,990. This is for the variant with 8GB RAM and 128GB storage.

Oppo Reno 4 Pro

ABB India opens new robotic solution delivery facility in Bengaluru

The ABB is one the leading suppliers of robot, robot systems and machine and factory automation solutions, having shipped over 4,00,000 robot solutions across the globe.

The ABB is one the leading suppliers of robot, robot systems and machine and factory automation solutions.

State Bank of India Q1 profit zooms 81% on stake sale in SBI Life Insurance; stock price jumps over 3%

State Bank of India (SBI) reported a whooping 81 per cent on-year rise in standalone net profits at Rs 4,189 crore for the April-June quarter

Loan moratorium eats into banks’ income; 15-40% of net-interest income out of reach of private banks

The share of moratorium loans has come down significantly for private lenders that have so far reported their April-June quarter results, and that has been dubbed as a sign of improvement by many.

At the same time, managements of lending institutions have been cautious in arriving at a final level as borrowers are entitled to opt for the moratorium up to August 31.
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