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-
Growth prospects to drive India’s rating: Fitch
The proposed establishment of the so-called bad bank to deal with bad banking sector assets should be credit positive, subject to details of its structure and implementation. -
Domestic airfare bands to go soon: Puri
Domestic airfare band, that fixes the minimum and maximum fares that can be charged for different routes, may go when the summer schedule kicks in from April, aviation minister H S Puri said in Parliament on Wednesday . -
Indian Railways bets on new Eco AC 3-tier coach
Indian Railways latest news: A prototype Economy AC 3-tier coach with aircraft-style comforts has been rolled out by the Rail Coach Factory (RCF) Kapurthala. -
GM CEO says chip shortage could hit profits by $2bn
General Motors Co on Wednesday said the global semiconductor chip shortage could shave up to $2 billion from 2021 profit, but the US automaker’s highly profitable big pickups and SUVs won’t suffer any production cuts. -
BPCL to buyout Oman Oil stake in Bina refinery for Rs 2,400cr
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buyout Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore. -
GAIL net up 19% at Rs 1,487 crore in Q3
Gas utility GAIL on Wednesday posted a net profit of Rs 1,487 crore in the October-December period, up 19% from Rs 1,250 crore in the previous corresponding quarter, on the back of gains from the petrochemical business. -
Equity indices dip, banking stocks under pressure
Equity indices dip, banking stocks under pressure -
SpiceJet posts Rs 57cr loss in Oct-Dec quarter
Budget airline SpiceJet has reported a loss of Rs 57 crore in the October-December, 2020 period as opposed to a profit of Rs 73 in same quarter last fiscal. -
Covid: Indian carriers’ revenue fell 75% last year
The number of international air travellers to and from India fell over 90% in the pandemic-ravaged March-December period last year, with just 18.5 lakh travellers, down from almost 2 crore in same period during 2019. -
Exclusive: Digitalisation is need of the hour, says NITI Aayog's CEO Amitabh Kant
Amitabh Kant also commented on the Union Budget 2021 and said that India is on the path of a $5 trillion economy. "COVID-19 had an impact on the economy. The budget will help create a $ 5 trillion economy," Kant said. He said that in the Budget, the emphasis is on the asset monetization and disinvestment. -
No plans to cut taxes on petrol, diesel: Pradhan
Oil minister Dharmendra Pradhan on Wednesday ruled out any cut in excise duty, for now, to give relief to consumers from the spiralling retail prices of petrol and diesel which have touched all-time highs. -
'Culture of abusing pvt sector no longer accepted'
The role of India's private sector is as crucial as that of its public sector, Prime Minister Narendra Modi said on Wednesday.In his reply to the motion of thanks on the President's address in Lok Sabha, the Prime Minister emphasised on the need to give importance to the role of private sector which served humanity selflessly during the ongoing Covid-19 pandemic. -
Culture of abusing private sector no longer accepted, says PM Modi
The role of India's private sector is as crucial as that of its public sector, Prime Minister Narendra Modi said on Wednesday.In his reply to the motion of thanks on the President's address in Lok Sabha, the Prime Minister emphasised on the need to give importance to the role of private sector which served humanity selflessly during the ongoing Covid-19 pandemic. -
NHAI removes need to keep min amount in FASTag wallet
The National Highways Authority of India (NHAI) on Wednesday said it has decided to do away with the requirement of maintaining a minimum amount in FASTag wallet. The move aims at ensuring seamless movement at electronic toll plazas. -
Gold price Today, February 10, 2021: Gold drops Rs 38 to Rs 47,576/10 gram
In the international market, gold was trading higher at USD 1,843 an ounce, while silver was also up at USD 27.31 an ounce. Gold prices were firm on US stimulus hopes and dollar decline, which kept prices above USD 1,840 on strong investors' appetite, Patel said. -
Centre, states owe Air India Rs 498cr: HS Puri
The Centre and states owe Air India Rs 498.17 crore as on December 31, 2020 for VVIP travel, evacuation operations, travel of foreign dignitaries among other services, civil aviation minister Hardeep Singh Puri said Wednesday. The national carrier incurred a provisional loss of Rs 7,982 crore in 2019-20 as compared to the net loss of Rs 8,556 crore in 2018-19, Puri said. -
All pilots, cabin crew vaccinated for Covid: Etihad
UAE’s national airline Etihad Airways says it has become the world’s first airline to have all its pilots and cabin crew vaccinated for Covid-19. The Abu Dhabi-based carrier had launched a “protected together” employee vaccination initiative last month and facilitated access for its frontline staff to the UAE’s emergency use programme. -
Markets end marginally lower after choppy trade; Sensex closes at 51,309
HDFC Bank, Bharti Airtel, Axis Bank, Nestle India, ONGC, L&T and SBI and were among the laggards in the Sensex pack, shedding over 1 per cent. In the other hand, Bajaj Finserv, M&M, Bajaj Finance, Titan and TCS were among the gainers. -
Cryptocurrency demand soars after Tesla’s $1.5B investment in Bitcoin; govt warns virtual currency is like ponzi schemes
Elon Musk’s Tesla invested $1.5 billion in bitcoin while the cryptocurrency hit an all-time-high after the news. Earlier, in January this year, Bitcoin rallied above $30000 for first time. The Finance Ministry in its statement said that VCs are not backed by Government fiat. -
Indian eco to contract by 7% in FY21: SBI Research
Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. -
Centre, states owe Air India Rs 498 crore: Hardeep Singh Puri
The Centre and states owe Air India Rs 498.17 crore as on December 31, 2020 for VVIP travel, evacuation operations, travel of foreign dignitaries among other services, civil aviation minister Hardeep Singh Puri said Wednesday. -
Budget 2021 has potential to lift growth prospects: Fitch
Fitch said the announcement of an asset reconstruction company and an asset management company to deal with non-performing assets should be credit positive and added that plans to privatise two state-run banks could also be significant. -
SBI plans to double its home loan portfolio in 5 yrs
India's largest lender, State Bank of India (SBI), plans to double its home loan portfolio to Rs 10 lakh crore ($137 billion) in the next five year after crossing the 5 trillion-mark in January, the bank's top executive said. -
Petrol, diesel prices at fresh highs as rates surge
Petrol and diesel prices on Wednesday scaled new highs in the country as rates were hiked for the second day in a row. Petrol price was hiked by 30 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers. -
Indian economy to contract by 7% in FY21: SBI Research
Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. -
Union strike: Banks to remain closed for 4 days in a row in March; see important dates
A statement by the All India Bank Employees' Association (AIBEA) said that the meeting discussed the various announcements made in the budget regarding reform measures including privatisation of IDBI Bank and two public sector banks and setting up of bad bank. -
Salesforce won't force workers to go into office
San Francisco-based business software maker Salesforce says it will let most of its employees work remotely even after the pandemic, at least for part of the week. Other major tech companies such as Twitter and Facebook have made similar announcements. -
Petrol, diesel prices at fresh highs as rates surge for second straight day
Petrol and diesel prices on Wednesday scaled new highs in the country as rates were hiked for the second day in a row. Petrol price was hiked by 30 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers. -
Inflow in gold ETFs surges 45% to Rs 625cr in Jan
Investors put in Rs 625 crore in gold exchange traded funds (ETFs) in January, 45 per cent higher than the preceding month, on expectation that the yellow metal will perform well going forward. -
Heineken to cut 8k jobs to restore pre-Covid margins
Heineken NV plans to cut about 8,000 jobs, the Dutch group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. -
Inflow in gold ETFs surges 45% to Rs 625 crore in January
Investors put in Rs 625 crore in gold exchange traded funds (ETFs) in January, 45 per cent higher than the preceding month, on expectation that the yellow metal will perform well going forward. -
India's mkt warning system curbs GameStop-like gains
For regulators hoping to rein in wild moves in small stocks like the 17-fold surge in GameStop Corp last month, India has a system worth studying. Rules created by the Securities and Exchange Board of India (Sebi) together with the nation’s exchanges are aimed at preventing unwarranted price swings and manipulation of stocks with a market capitalisation below Rs 25 cr ($3.4M). -
7th Pay Commission latest news: Your take home pay to take a hit but PF, gratuity contribution may change from April 2021?
On February 8, Labour Secretary Apurva Chandra in a media briefing said that he Ministry of Labour and Employment is likely to complete the process to finalise the rules under the four labour codes paving the way for making reforms are reality soon. -
GDP growth to bounce back to 10.4% YoY in FY22 - India Ratings
India-Ratings expects the industrial and services sector to grow at 11.5% and 11.4% YoY, respectively, in FY22. -
'Private companies can rush vaccine to 70%'
Godrej & Boyce Manufacturing Company, the flagship of Godrej Group, is betting big on growing its healthcare cold chain portfolio, considering that last-mile connectivity in vaccine cold storage is a key link for a successful immunisation drive against Covid. -
Yamaha launches all-new range of FZ Series: Check price, specs and more
The new FZ series comprising of FZ FI models will have 2 exciting colors – Racing Blue and Metallic black while the FZS FI models has total 5 colors, Matte red (new), Dark matte blue, Matte black, Dark knight & Vintage Edition. -
Stock-market warning system from India curbs GameStop-like gains
For regulators hoping to rein in wild moves in small stocks like the 17-fold surge in GameStop Corp last month, India has a system worth studying. Rules created by the Securities and Exchange Board of India (Sebi) together with the nation’s exchanges are aimed at preventing unwarranted price swings and manipulation of stocks with a market capitalisation below Rs 25 crore ($3.4 million). -
Good news for SBI customers! Get free insurance cover of upto Rs 2 lakh on THIS card, check details here
PMJDY was announced by Prime Minister Modi in his Independence Day address on 15th August 2014. PMJDY is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. -
Markets open flat; Sensex trading above 51,400 in early trade
Major gainers in the Sensex pack were Bajaj Finserve, Ultrachem, HCL Tech, Bajaj Auto, M&M, RIL, TCS, Asian Paint, ONGC, HUL and ITC, rising upto 2.41 percent. On the other hand, major losers were Axis Bank, Bharti Airtel, LT, NTPC, Titan, HDFC Bank, Powergrid, Infosys, Tech Mahindra and ICICI Bank, falling upto 1.04 percent. -
HDFC Bank beats SBI in Covid scheme loans
HDFC Bank has outdone State Bank of India (SBI) in disbursements under the Emergency Credit Line Guarantee Scheme (ECLGS) introduced by the government as a part of the Covid relief package. -
Bank unions call for strike in March 15, 16 against privatisation
A statement by the All India Bank Employees' Association said that the meeting discussed the various announcements made in the budget regarding reform measures including privatisation of IDBI Bank and two public sector banks and setting up of bad bank.
-
Petrol, Diesel Prices Today, February 10, 2021: Petrol prices cross Rs 94/litre in Mumbai; check prices in metro cities
Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55.
For diesel, the central excise adds up to Rs 31.83 and VAT to Rs 10.99. Besides, the price also includes a dealer commission of a minimum Rs 2.6 per litre on petrol and Rs 2 on diesel. -
Bitcoin trades in India surge four times
Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option. -
Will new wage code hit your take-home pay?
Come April, you could see a restructuring of your salary package with a retrospective increase in gratuity and leave encashment provision impacting your take-home, and raising compensation costs for companies as the new wage code comes into effect. -
Existing laws inadequate to deal with crypto: Govt
The government on Tuesday said that existing laws are inadequate to deal with cryptocurrency. It has proposed to introduce a legislation to keep an eye on the instrument that is offering among the highest returns to investors.
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