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Headline
Banks, NBFCs' asset quality risks remain elevated: ICRA
New Delhi, Aug 5 (IANS) Asset quality risks for banks and NBFCs remain elevated despite the recent decline in loans under moratorium, ratings agency ICRA said on Wednesday.
2020-08-05
Category: India, Delhi,Business/Economy
Low demand shifting volumes to power exchanges
New Delhi, Aug 5 (IANS) Low demand conditions in the power market seem to have raised the volume of electricity being traded on exchanges, with the country's largest power exchange, the Indian Energy Exchange (IEX), registering an 11 per cent month-on-month increase in trading volumes at 5,334 million units (MU) in July.
2020-08-05
Category: India, Delhi,Business/Economy
Railways changes freight policy to boost economy
New Delhi, Aug 5 (IANS) With an aim to boost economic activities in the country during unlock 3.0, the Indian Railways is offering a slew of incentives, including 50 per cent concession in terminal access charges for covered wagons, to boost freight traffic.
2020-08-05
Category: India, Delhi,Business/Economy
AAI urges govt to continue MEIS scheme for aluminium industry
New Delhi, Aug 5 (IANS) Aluminium producers have urged the government to continue MEIS scheme for the industry as exports worth $5 billion are at stake.
2020-08-05
Category: India, Delhi,Business/Economy
Mall revenues set to halve this fiscal: Crisil
New Delhi, Aug 5 (IANS) The revenue of mall operators is set to halve this fiscal due to the Covid-19 pandemic-driven lockdowns, rating agency Crisil said on Wednesday.
2020-08-05
Category: India, Delhi,Business/Economy
Airtel ties up with AWS for cloud services
New Delhi, Aug 5 (IANS) Bharti Airtel on Wednesday announced a multi-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to deliver cloud solutions to large enterprise and small and medium enterprise (SME) customers in India.
2020-08-05
Category: India, Delhi,Business/Economy
Lockdown measures subdue India's service sector output: PMI
New Delhi, Aug 5 (IANS) Lockdown measures implemented to curb Covid-19 outbreak continued to subdue the Indian service sector's growth in July.
2020-08-05
Category: India, Delhi,Business/Economy
PLI scheme to be expanded to AC, furniture, leather sectors as MEIS wound up
New Delhi, Aug 5 (IANS) The government proposes to expand the scope of the production linked incentive (PLI) scheme to five or six more more sectors, including air conditioners and TV sets, leather, chemicals, furniture, tyres and toys, in a bid to boost manufacturing in the country.
2020-08-05
Category: India, Delhi,Business/Economy
Maruti Suzuki launches new S-Cross Petrol
New Delhi, Aug 5 (IANS) Automobile major Maruti Suzuki India on Wednesday launched the all new S-Cross Petrol with a starting price of Rs 8.39 lakh.
2020-08-05
Category: India, Delhi,Business/Economy
Godrej Properties logs Rs 20 cr consolidated net loss in Q1
Mumbai, Aug 5 (IANS) Godrej Properties on Wednesday reported a consolidated net loss of Rs 20.23 crore for the April-June quarter of FY 2020-21.
2020-08-05
Category: India, Maharashtra,Business/Economy
Uber starts hiring again, to recruit 140 engineers in India
Bengaluru, Aug 5 (IANS) After a wave of layoffs due to Covid-19 disruptions, ride-hailing major Uber on Wednesday said it is recruiting 140 more engineers for its tech teams in Bengaluru and Hyderabad.
2020-08-05
Category: India, Karnataka,Business/Economy,Technology
Liquidity to MSME rises as bank sanctions cross 1.38 lakh cr
New Delhi, Aug 5 (IANS) The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS).
2020-08-05
Category: India, Delhi,Business/Economy
IRDAI allows life insurers to send policy in electronic format
Chennai, Aug 5 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurers to issue policy bonds in electronic format during FY2020-21 owing to Covid-19 pandemic.
2020-08-05
Category: India, Tamil Nadu,Business/Economy
HP expands PC manufacturing in India with Chennai facility
New Delhi, Aug 5 (IANS) In a fillip to 'Make in India initiative, PC and printer HP Inc on Wednesday said it has started PC manufacturing operations at electronics giant Flexs facility in Sriperumbudur, Tamil Nadu.
2020-08-05
Category: India, Delhi,Business/Economy,Technology
Gold nears Rs 55,000 per 10 gm, silver crosses Rs 70,000 per kg
Mumbai, Aug 5 (IANS) Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark.
2020-08-05
Category: India, Maharashtra,Business/Economy
Sensex reclaims 38,000; banking, finance stocks surge (Ld)
Mumbai, Aug 5 (IANS) The key Indian equity indices surged on Wednesday morning with the BSE Sensex reclaiming the psychological 38,000-mark.
2020-08-05
Category: India, Maharashtra,Business/Economy
Markets open on a positive note Wednesday morning
Mumbai, Aug 5 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.
2020-08-05
Category: India, Maharashtra,Business/Economy
Facebook unveils 2 'Accelerator' programmes to nurture startups
San Francisco, Aug 5 (IANS) To help nurture the startup ecosystem, Facebook has launched two new Accelerator programmes that will focus on product themes and exploration of collaborative partnerships to provide even more value for startups.
2020-08-05
Category: International, Costa Rica,Business/Economy,Technology
US stocks close higher as energy sector leads gains
New York, Aug 5 (IANS) US stocks finished higher on Tuesday, underpinned by solid gains in the energy sector.
2020-08-05
Category: International, United States,Business/Economy
Ratan Tata cites surge in shareholding value to counter Mistry's oppression claims (Ld)
Mumbai, Aug 4 (IANS) Ratan Tata has cited the surge in the shareholding value of Cyrus Mistrys family in Tata Sons to counter Mistrys allegations of oppression of minority shareholders in the group.
2020-08-04
Category: India, Maharashtra,Business/Economy
Outlook for external positions highly uncertain, risky: IMF
New Delhi, Aug 4 (IANS) The outlook for external positions of countries is highly uncertain with major risks, according to a report by the International Monetary Fund (IMF).
2020-08-04
Category: India, Delhi,Business/Economy
'Indian economy might recover relatively faster from Covid downtrend'
New Delhi, Aug 4 (IANS) Exhuming confidence on India's long-term economic prospects, Maruti Suzuki's Managing Director & CEO Kenichi Ayukawa has said the Indian economy may recover relatively faster from the Covid-induced downturn, as it did from the global financial crisis.
2020-08-04
Category: India, Delhi,Business/Economy
Ratan Tata accuses Mistry of creating 'smokescreen' of oppression
New Delhi, Aug 4 (IANS) Hitting back on Cyrus Mistrys allegations, Ratan Tata, Chairman Emeritus of Tata Sons, has said that Mistry has created a smokescreen of oppression and mismanagement.
2020-08-04
Category: India, Delhi,Business/Economy
SpiceJet gets Heathrow slots, flights from Sept 1 (Ld)
New Delhi, Aug 4 (IANS) Airline major SpiceJet has secured slots to operate flights at Londons Heathrow Airport from September 1.
2020-08-04
Category: India, Delhi,Business/Economy
NMDC sees sharp rise in iron ore production, sales
Raipur, Aug 4 (IANS) Mining major NMDC Ltd, India's largest iron ore producer, has recorded a sharp rise in overall production and sales in July 2020 as compared to the corresponding period in July 2019, despite the pandemic, a company statement said on Tuesday.
2020-08-04
Category: India, Uttarakhand ,Business/Economy
Banking, blue chip buy-ins lift equity markets
Mumbai, Aug 4 (IANS) Healthy buying in the banking sector as well as in the auto sector pushed the Indian equity market higher on Tuesday.
2020-08-04
Category: India, Maharashtra,Business/Economy
NMDC sees record jump in iron ore production, sales in July
New Delhi/Raipur, Aug 4 (IANS) Mining major NMDC, India's largest iron ore producer and a diversified Navaratna PSU, recorded a sharp rise in its overall production and sales
2020-08-04
Category: India, Delhi,Business/Economy
GDP seen contracting, NITI Aayog suggests ways to boost demand
Mumbai, Aug 4 (IANS) With the economy going through a slowdown, the NITI Aayog is of the view that India's GDP may contract around 5.1 per cent in the current fiscal.
2020-08-04
Category: India, Maharashtra,Business/Economy
Coronavirus fallout a rising risk for Indian ABS: Moody's
New Delhi, Aug 4 (IANS) The fallout of the coronavirus pandemic is raising risks for Indian asset-backed securities, rating agency Moody's Investors Service said on Tuesday.
2020-08-04
Category: India, Delhi,Business/Economy
Policy steps may boost profitability of sugar mills: Ind-Ra
New Delhi, Aug 4 (IANS) India Ratings and Research (Ind-Ra) has said policy measures can boost profitability of the sugar sector in the second half of 2020-21.
2020-08-04
Category: India, Delhi,National,Business/Economy
Coke enters immunity-boosting beverages category
New Delhi, Aug 4 (IANS) Beverage major Coca-Cola India on Tuesday unveiled two new brands to mark its entry into the nascent immunity-boosting beverages category in India.
2020-08-04
Category: India, Delhi,Business/Economy
Solar sector imports down 83% even before govt checks begin
New Delhi, Aug 4 (IANS) The Covid-19 pandemic has dealt a severe blow to India's solar equipment imports from China, even before various government initiatives to check imports and boost domestic manufacturing set in.
2020-08-04
Category: India, Delhi,Business/Economy
Kodak TV India to invest Rs 500 cr for new plant in UP
New Delhi, Aug 4 (IANS) Kodak TV India on Tuesday announced that it would invest more than Rs 500 crore in the next three years to set up a fully automated TV manufacturing plant at Hapur in Uttar Pradesh.
2020-08-04
Category: India, Delhi,Business/Economy
Sashidhar Jagdishan to take over from Aditya Puri as new HDFC Bank CEO
New Delhi, Aug 4 (IANS) In a change of guard at HDFC Bank after 26 years, Reserve Bank of India (RBI) has approved the appointment of Sashidhar Jagdishan as Managing Director and CEO of the Bank for a period of three years.
2020-08-04
Category: India, Delhi,Business/Economy
Sensex up 300 points; banking, finance stocks rise
Mumbai, Aug 4 (IANS) The key Indian equity indices traded on a positive note on Tuesday morning, with the BSE Sensex surging over 300 points.
2020-08-04
Category: India, Maharashtra,Business/Economy
BSE's Q1 consolidated net profit at over Rs 32 cr
Mumbai, Aug 3 (IANS) Stock market major BSE on Monday reported a consolidated net profit of Rs 32.48 crore for the first quarter (Q1) of 2020-21.
2020-08-03
Category: India, Maharashtra,Business/Economy
US stocks open higher as tech sector leads
New York, Aug 3 (IANS) US stocks opened higher on Monday, bolstered by solid gains in big tech names.
2020-08-03
Category: International, United States,Business/Economy
India restricts entry of Chinese firms in commercial coal mine auctions
New Delhi, Aug 3 (IANS) The government has restricted participation of companies from countries sharing a land border with India in the ongoing auction of coal mines for commercial extraction by the private sector.
2020-08-03
Category: India, Delhi,Business/Economy,Diplomacy
Moody's upgrades Yes Bank's ratings on fund raising
Mumbai, Aug 3 (IANS) Credit ratings agency Moody's Investors Service has upgraded Yes Bank's long-term foreign currency issuer rating to 'B3' from 'Caa1' after the bank recently raised Rs 15,000 crore through a further public offering (FPO).
2020-08-03
Category: India, Maharashtra,Business/Economy
Rise in Covid cases, rate cut uncertainty subdues equity market
Mumbai, Aug 3 (IANS) A rise in Covid-19 cases, along with uncertainty over the Reserve Bank's rate cut decision, subdued the Indian equity market on Monday.
2020-08-03
Category: India, Maharashtra,Business/Economy
Real estate sentiments at record low in April-June: Report
New Delhi, Aug 3 (IANS) Sentiments in the real estate sector were at a record low in the second quarter of 2020, according to a report.
2020-08-03
Category: India, Delhi,Business/Economy
Covid continues to dent India's factory output in July: PMI
New Delhi, Aug 3 (IANS) Subdued demand conditions, on back of the Covid-19 pandemic, continued to dent India's manufacturing sector output in the month of July.
2020-08-03
Category: India, Delhi,Business/Economy
Sebi issues procedural guidelines for proxy advisors
Mumbai, Aug 3 (IANS) The Securities and Exchange Board of India (SEBI) on Monday came up with a set of procedural guidelines for proxy advisors.
2020-08-03
Category: India, Maharashtra,Business/Economy
Air India pilots allege blatant discrimination by management
New Delhi, Aug 3 (IANS) Alleging blatant discrimination by Air India's Personnel and Finance Departments, the pilots have told the national carrier's management that if such behaviour continues unchecked, the Director, Personnel will be responsible for the consequences.
2020-08-03
Category: India, Delhi,Business/Economy
Experts' panel for development of int'l retail business in IFSC
New Delhi, Aug 3 (IANS) The International Financial Services Centres Authority (IFSCA) on Monday announced the creation of a seven-member committee of experts for the development of international retail business in the International Financial Services Centre (IFSC).
2020-08-03
Category: India, Delhi,Business/Economy
RBI booster: Rate cut expected even as inflation soars (MPC Meet Preview)
Mumbai, Aug 3 (IANS) The Reserve Bank is expected to administer another dose of lending rate cuts to boost the revival process from the Covid-19-induced economic downturn.
2020-08-03
Category: India, Maharashtra,Business/Economy
Bandhan Bank promoter sells 21% stake to meet RBI norm
Mumbai, Aug 3 (IANS) Bandhan Financial Holdings Limited has lowered its stake in Bandhan Bank by 20.95 per cent through a block deal to meet the Reserve Bank of India's (RBI) licensing norms for new private sector banks.
2020-08-03
Category: India, Maharashtra,Business/Economy
'FY21 likely to see de-growth in domestic air passenger traffic'
New Delhi, Aug 3 (IANS) Domestic air passenger traffic is likely to witness a de-growth by 41-46 per cent during 2020-21, rating agency ICRA said.
2020-08-03
Category: India, Delhi,Business/Economy
Covid hits IT appeal process, Lucknow CAs want hearings put off till Dec
New Delhi, Aug 3 (IANS) The Covid-19 pandemic is hitting the new initiative of expeditious disposal of Income Tax appeals as chartered accountants have sought a delay in hearing of such appeals till November.
2020-08-03
Category: India, Delhi,Business/Economy
TikTok parent to shift HQ from Beijing to London: Report
London, Aug 3 (IANS) Chinese unicorn ByteDance which owns the popular short video-sharing app TikTok has received approval from the British government to move its headquarters from Beijing to London, The Sun newspaper reported.
2020-08-03
Category: International, United Kingdom,Business/Economy,Diplomacy,Technology