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-
Goldman Sachs' profits more than double
Goldman Sachs said its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue.The New York-based investment bank said it earned a profit of $4.36 billion, or $12.08 per share, up from a profit of $1.72 billion, or $4.69 a share, in the same period a year earlier. -
SBI, ICICI Bank, HDFC Bank remain important: RBI
The Reserve Bank of India (RBI) on Tuesday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be domestic systemically important banks (D-SIBs) or institutions which are 'too big to fail'. -
Fuel prices make new record as crude edges up again
Fuel prices flared up again on cue from international crude Tuesday, with petrol price hitting a new high in Delhi at Rs 85.20 and diesel making a record in Mumbai at Rs 82.13. -
Aditya Puri backs corporates in banking
Former HDFC Bank chief executive Aditya Puri on Tuesday backed the proposal to allow deep-pocketed corporates into banking in India. Puri, the founder chief executive of what has become the largest private sector lender who retired recently, said the country needs more banks to fuel its economic growth ambitions and capital will have to come from somewhere. -
HSBC to axe 82 branches in UK, cut services in others
HSBC said on Tuesday it planned to axe 82 branches in Britain this year after a drop in footfall across its retail network and a surge in digital banking. The lender said it would be left with 511 branches in the UK following the closures, with many of the remaining branches set to be remodelled with some providing fewer services. -
India to produce surplus sugar for 5th yr in a row
India is set to produce surplus sugar for a fifth straight year in 2021/22 as farmers expand sugarcane acreage encouraged by surplus rains and government-backed export incentives, four industry officials said. -
SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI
The Reserve Bank of India (RBI) on Tuesday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be domestic systemically important banks (D-SIBs) or institutions which are 'too big to fail'. -
'India must remain integral part of global economy'
India must remain an integral part of the global economy if it has to grow at 9-10 per cent over the next three decades, Niti Aayog CEO Amitabh Kant said on Tuesday. Speaking at the 15th India Digital Summit, Kant said India needs to become a major global exporting nation, without that it will not be possible to become richer and create wealth for its people over the next three decades. -
Govt plans changes in foreign investment rules
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. -
Investors gain Rs 3.41 lakh cr as markets surge
Investor wealth grew by Rs 3.41 lakh crore on Tuesday as markets made a dashing comeback after two days of losses. The 30-share BSE sensex soared 834.02 points or 1.72 per cent to close at 49,398.29. Following the upbeat sentiment, the market capitalisation of BSE-listed companies jumped Rs 3,41,846.01 crore to Rs 1,96,19,149.34 crore. -
Govt plans foreign investment rule changes that could hit Amazon
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. -
7th Pay Commission: New year bonanza for government employees of this state; salary hike with 6 months' arrears announced from January 2021
Meanwhile, in related news, it has been reported in the media that the central government employees are expected to get four percent increase in dearness allowance which is expected in January 2021. This increase is expected to be in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. It may be recalled that in March 2020, Cabinet had approved to release an additional instalment of DA to Central Government employees a -
PNB customers alert! From February 1, THESE ATM machines will not dispense cash for you
An online survey was carried out from April 21-27 involved over 1,000 adults. Almost half of Indian consumers said that they were more concerned about digital payments fraud now than when COVID-19 first emerged. The study conducted by YouGov and US-based electronic payments company ACI Worldwide found that Card cloning was the most common concern when it comes to debit or credit card fraud, with 1 in 3 seeing this as the biggest risk. -
Petrol crosses Rs 85 mark for first time in Delhi
Petrol price on Tuesday breached the Rs 85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day. Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies. -
Uncertainty heightens over Samsung as heir Lee Jae-yong sentenced to two and a half year years in prison
For the whole of 2020, Samsung Electronics forecast upbeat earnings, estimating its operating profit to reach 35.95 trillion won ($32.5 billion), up 29.4 per cent from a year earlier, with its sales to climb 2.54 per cent on-year to 236.26 trillion won. But apart from its robust earnings performance, Samsung Electronics's push to clinch M&A deals, or high-profile business deals, may face stumbling blocks, reports Yonhap. -
Sensex zooms 834 pts; Nifty settles above 14,500
Equity indices jumped higher on Tuesday with the benchmark BSE sensex rising over 800 points led by gains in realty, metal and financial stocks. The 30-share BSE index surged 834 points or 1.72 per cent to close at 49,398; while the broader NSE Nifty settled 240 points or 1.68 per cent higher at 14,521. -
Sensex zooms 834 points; Nifty reclaims 14,500 level
Bajaj Finserv was the top gainer in the Sensex pack, rallying around 7 per cent, followed by Bajaj Finance, HDFC, L&T, ICICI Bank, Sun Pharma and NTPC. In the testimony prepared for her confirmation hearing on Tuesday before the Senate Finance Committee, Yellen said more aid is needed to get coronavirus vaccines distributed -- key to ending outbreaks -- to reopen schools and help families struggling with job losses stay fed and housed. -
'Govt asks WhatsApp to withdraw privacy update'
In major trouble for WhatsApp in India, the government has asked the company to withdraw its controversial privacy update and respect the “informational privacy and data security of Indian users,” as per sources. -
Maruti shares gain as co hikes prices of few cars
Shares of Maruti Suzuki India on Tuesday gained more than 2 per cent after the firm increased the prices of select models by up to Rs 34,000 to offset adverse impact of rising input costs. -
Government asks WhatsApp to withdraw controversial privacy update for Indian users: Sources
In major trouble for WhatsApp in India, the government has asked the company to withdraw its controversial privacy update and respect the “informational privacy and data security of Indian users,” as per sources. -
Petrol crosses Rs 85 mark for first time in Delhi, nears Rs 92 in Mumbai
Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies. -
Maruti SUV hitting Indian markets next year, to rival Hyundai Creta and Kia Seltos? Here’s what reports say
Toyota and Suzuki had executed a memorandum of understanding on February 6, 2017 to begin concrete examination towards realisation of business partnership in areas including environmental technologies, safety technologies, information technologies, and mutual supply of products and components. As per the agreement, Suzuki were to supply premium hatchback Baleno and Vitara Brezza to Toyota, while Toyota had to provide Corolla sedan to Suzuki. -
Maruti shares gain over 2% as company hikes prices of select vehicles
Shares of Maruti Suzuki India on Tuesday gained more than 2 per cent after the firm increased the prices of select models by up to Rs 34,000 to offset adverse impact of rising input costs. -
Big 4 IT cos may hire 91,000 freshers for 2021-22
With the sharp pickup in demand after the lockdown lows, Indian IT firms have lined up robust hiring plans for 2021-22. The top four IT firms — TCS, Infosys, HCL Technologies and Wipro — collectively plan to hire 91,000 from campuses, a little higher than last year. -
Change your important Aadhaar card details in a jiffy, all you need is your mobile phone and an OTP
Aadhaar card is one of the most important documents that can be used for several useful purpose. You can now update your Name, Date of Birth, Gender, Address and Language Online. Meanwhile, for other updates like Head of Family/Guardian details or Biometric update, resident will be required to visit Aadhaar Seva Kendra or Enrolment/Update Centre. -
Salesforce’s 1st India bet is a Hyderabad startup
Salesforce has made its first investment in India. Its venture arm, Salesforce Ventures, which has backed firms like Zoom, has led a $15 million financing in HR-tech startup Darwinbox. -
Big 4 IT companies may hire 91,000 freshers for 2021-22
With the sharp pickup in demand after the lockdown lows, Indian IT firms have lined up robust hiring plans for 2021-22. The top four IT firms — TCS, Infosys, HCL Technologies and Wipro — collectively plan to hire 91,000 from campuses, a little higher than last year. -
Budget 2021 to be announced on February 1: Here's what could be in store for the Pandemic-hit middle class
Among several expectations ranging from healthcare to insurance to home loans, it is personal taxation aspects that will cast a major impact in the lives of the middle class people. -
Sensex rallies nearly 500 points in early trade; Nifty tops 14,400
The 30-share BSE index was trading 485.97 points or 1 per cent higher at 49,050.24. -
Fuel prices at new record high in Delhi; Petrol prices cross Rs 85-mark: Check fuel prices in metro cities on January 19, 2021
Petrol prices on Monday hit fresh all-time high in Delhi after state-owned oil marketing companies hiked rates by 25 paise per litre. -
Fixed Deposit rates: Check out FD interest rates in SBI, ICICI Bank, HDFC Bank PNB and Axis Bank
This month SBI and Axis Bank revised the interest rates on term deposits. Check out the latest fixed deposit rates in SBI, ICICI Bank, HDFC Bank, PNB and Axis Bank. -
HDFC Bank signals IT issues may not be fixed by March
HDFC Bank has indicated in its conference call with analysts that the lender might not complete fixing its back-end IT issues during the current fiscal. The bank said that its action plan relating to disaster recovery would take 12-18 months, while its immediate plans would take 10-12 weeks. -
HDFC Bank signals IT issues may not be fixed by Mar
HDFC Bank has indicated in its conference call with analysts that the lender might not complete fixing its back-end IT issues during the current fiscal. The bank said that its action plan relating to disaster recovery would take 12-18 months, while its immediate plans would take 10-12 weeks. -
Kharif season: Most crops being sold below MSP
Mandi prices of most crops have consistently been below their minimum support prices (MSPs) throughout this kharif season.
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