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Airtel Payments Bank increases day-end balance limit to Rs 2 lakh

New Delhi, April 18 | In line with the Reserve Bank of India's (RBI) guidelines, Airtel Payments Bank on Sunday announced that it has...

FIDC seeks extension of MSME restructuring scheme till March 2022

New Delhi, April 18 | The Finance Industry Development Council (FIDC) has urged the Reserve Bank of India (RBI) to extend the one-time restructuring...

AirAsia announces free rescheduling of bookings till May 15

New Delhi, April 18 | AirAsia India has announced free rescheduling on all flights for bookings till May 15, 2021. In a statement, the...

Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr...

New Delhi, April 18 | The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT)...

Petrol prices unchanged across metros

New Delhi, April 18 | Oil marketing companies (OMC) kept petrol and diesel prices unchanged for the third straight day across four metro cities.In...

Drying FII inflows on rising Covid cases to weaken rupee (IANS...

By Rohit VaidMumbai, April 18 | Drying FII inflows on the back of rising Covid cases is expected to weaken the Indian rupee further...

HDFC Bank’s Q4 standalone net profit rises over 18% (Lead)

Mumbai, April 17 | Lending major HDFC Bank on Saturday reported an 18.2 per cent increase in its standalone net profit for the fourth...

SpiceJet re-introduces ‘Zero Change fee’ offer

New Delhi, April 17 | Airline major SpiceJet on Saturday re-introduced 'Zero Change fee' offer for domestic network.Accordingly, the new offer entitles passengers to...

Bajaj Allianz General Insurance fined Rs 10 lakh by IRDAI

Chennai, April 17 | Bajaj Allianz General Insurance Company Ltd was fined Rs.10 lakh by the insurance regulator for violation of the Insurance Act...

HDFC Bank’s Q4 standalone net profit rises over 18%

Mumbai, April 17 | Lending major HDFC Bank on Saturday reported an 18.2 per cent increase in its standalone net profit for the fourth...

DoT gave many warnings to e-commerce firms on selling mobile signal...

New Delhi, April 17 | The Department of Telecommunications had repeatedly warned e-commerce companies in 2016 and 2019 for sale of unauthorised mobile signal...

Prepare now for a third Covid-wave: Thackeray to India Inc

Mumbai, April 17 | Warning of a possible "third wave of Covid-19", Maharashtra Chief Minister Uddhav Thackeray on Saturday appealed to India Inc....

Vivo takes lead in China for 1st time after Huawei’s decline

New Delhi, April 17 | After Huaweis decline, smartphone brand Vivo has risen to the top spot in China, surpassing its nearest competitor OPPO...

Striking taxi drivers demands unreasonable: Goa tourism body

Panaji, April 17 | The tourism and travel industry in Goa have criticised taxi drivers in the state, who have been on strike for...

FICCI writes to 25 CMs on Covid management, urges to avoid...

New Delhi, April 17 | Industry body FICCI has written to Chief Ministers of 25 states urging them to avoid imposing partial or total...

Correction an opportunity to add cyclicals: MOFSL

Mumbai, April 17 | Market correction due to Covid resurgence is an opportunity to add cyclical stocks said Motilal Oswal Financial Services.In a report,...

Operating margins of sugar companies expected to moderate in FY22: ICRA

New Delhi, April 17 | The operating margins of sugar companies are likely to moderate in FY22 due to higher production cost and reduced...

Crude to be around $60 a barrel in 2021

New Delhi, April 17 | Global crude oil prices are expected to be in the range of $60 a barrel over the long...

Govt notifies Rs 6k cr PLI scheme for AC, LED light...

New Delhi, April 17 | The Department for Promotion of Industry and Internal Trade (DPIIT) has notified the Production Linked Incentive (PLI) scheme for...

Petrol, diesel price unchanged for 2nd consecutive day

New Delhi, April 17 | Fuel prices in the country remained unchanged on Saturday as oil marketing companies decided to go on a pause...

LG, GM to build $2.3B EV battery factory in US

Seoul, April 17 | South Korean battery maker LG Energy Solution Ltd said on Saturday its joint venture with American automaker General Motors Corp....

Regulation of insolvent firms’ shares still remains a dilemma

New Delhi, April 17 | As India's Insolvency and Bankruptcy Code (IBC) evolves at a fast pace, a hard nut to crack for the...

Bengaluru hoteliers demand exemptions to cut their losses

Bengaluru, April 16 | In the wake of an exponential spurt in Covid cases that has resulted in enforcement of night curfew, the Bruhat...

India’s forex reserves up by over $4 bn

Mumbai, April 16 | India's foreign exchange reserves rose by $4.344 billion during the week ended April 9.According to the Reserve Bank of India's...

Govt expands ambit of ECLGS 2.0, allows SMA-1 borrowers

New Delhi, April 16 | Expanding the scope of Emergency Credit Line Guarantee Scheme (ECLGS) 2.0, the government has said that Special Mention Accounts-1...

AWS veteran Teresa Carlson bids adieu during virtual summit

San Francisco, April 16 | The long-time top Amazon Web Services (AWS) executive Teresa Carlson made a final keynote appearance at the Public Sector...

Healthy Monsoon forecast, global cues pushes equities higher (Roundup)

New Delhi, April 16 | Forecast of a healthy monsoon season cheered India's key benchmark equity indices which trade in the green during Friday's...

SEBI penalises 2 brokerages in NSE Co-Location case

Mumbai, April 16 | Capital market regulator SEBI has fined brokerage firms, PRB Securities Private Ltd and CPR Capital Services, in the NSE Co-Location...

JSPML divests complete stake in JSIS Oman

New Delhi, April 16 | JSPL on Friday said that its wholly-owned subsidiary Jindal Steel & Power (Mauritius) has sold the balance stake...

Normal monsoon to usher growth, douse inflation (IANS Insight)

New Delhi, April 16 | Predictions of a normal monsoon season brightened India's FY22 economic prospects amidst gloom induced by the resurgence of Covid...

UK Home Secretary nod to extradition of fugitive businessman Nirav Modi

New Delhi, April 16 | In a major boost to the Central Bureau of Investigation's (CBI) probe into the Rs 13,500 crore Punjab National...

Rs 110 cr ROPAX Jetty Project to come up in Odisha

New Delhi, April 16 | The Union Ports, Shipping & Waterways Ministry has accorded approval for sanction of Rs 50.30 crore to develop an...

Safran plans to open expanded facility in Hyderabad this year

Hyderabad, April 16 | French aerospace and defence multinational Safran plans to inaugurate its expanded aircraft engines facility in Hyderabad in the third quarter...

Senior citizens need govt support for social security: SBI Ecowrap

New Delhi, April 16 | With country's population of old set to double over the next few decades, government should look to provide complete...

Assocham seeks reimposition of bankruptcy moratorium amid rising Covid cases

New Delhi, April 16 | Assocham has approached the Finance Ministry with a plea to reimpose moratorium on taking debt-ridden companies to NCLT under...

Residential realty attracts $234 mn PE investments in Jan-Mar

Mumbai, April 16 | Amid revival in housing demand, the residential segment witnessed private equity (PE) investments worth $234 million in Q1 2021 which...

‘Govt should regulate cryptocurrencies, not ban them’

New Delhi, April 16 | As government plans to come up with a Cryptocurrency Bill, sector stakeholders have said that the government should regulate...

Facebook testing dedicated News Feed for businesses

San Francisco, April 16 | Facebook is testing a new dedicated News Feed for businesses that will help businesses connect with their customers online...

Qualcomm invests in homegrown audio leader boAt

New Delhi, April 16 | Home-grown audio brand boAt on Friday announced it has received funding from Qualcomm Ventures, the investment arm of chip-maker...

Petrol, diesel price revision on hold again a day after cuts

New Delhi, April 16 | Fuel prices in the country remained unchanged on Friday a day after oil marketing companies decided to cut the...

Amazon has to treat its employees better: Bezos

San Francisco, April 16 | In his final letter to shareholders, Amazon CEO Jeff Bezos has said that the company needs to do better...

LIC employees to get over 25% wage hike

Chennai, April 16 | The new fiscal year 2020-21 has started for about 1.14 lakh employees of Life Insurance Corporation of India (LIC) on...

Citigroup to exit consumer banking ops in India, 12 other countries

New Delhi/New York, April 15 | In a global restructuring to allocate resources in markets with scale, Citigroup will exit consumer banking operations in...

Invited Tesla to manufacture EVs in India: Gadkari

New Delhi, April 15 | Union Road Transport and Highways Minister Nitin Gadkari on Thursday said that he has invited electric vehicle (EV) major...

PE exits pick up momentum with nine IPOs

New Delhi, April 15 | Private equity (PE) exits have picked up momentum in 2021 with exits worth $4.2 billion, which is 70 per...

Amazon launches $250 mn fund to support Indian startups

New Delhi, April 15 | E-commerce major Amazon on Thursday announced a $250 million fund -- Amazon Smbhav Venture Fund -- to invest in...

RBI sets up new Regulations Review Authority

Mumbai, April 15 | The Reserve Bank of India (RBI) has set up a new Regulations Review Authority (RRA 2.0) for a period of...

Don’t expect rush in bankruptcy filings: IBBI Chairman

By Rituraj BaruahNew Delhi, April 15 | As the suspension on fresh insolvency cases got lifted last month, Insolvency and Bankruptcy Board of India...

Goldman Sachs reduces Q2 GDP, earnings forecasts as rising Covid cases...

By Sanjeev SharmaNew Delhi, April 15 | Goldman Sachs has downgraded Indian consumer discretionary stocks, which include autos and consumer durables, from overweight to...

Equities rise on accelerated vaccination drive (Roundup)

Mumbai, April 15 | Accelerated vaccination drive, along with healthy Q4FY21 results, pushed India's key benchmark equity indices higher on Thursday.However, volatility was observed...

Business

Airtel Payments Bank increases day-end balance limit to Rs 2 lakh

New Delhi, April 18 | In line with the Reserve Bank of India's (RBI) guidelines, Airtel Payments Bank on Sunday announced that it has...