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Max Group sells 13% stake in Max Life to Axis Bank
Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country's third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. -
India ‘red hot investment opportunity’ for clean energy: Kerry
Kerry made the comment while delivering the keynote address at the annual leadership summit of South Asia Women in Energy — a platform launched in 2019 by the US India Strategic Partnership Forum (USISPF), in partnership with United States Agency for International Development (USAID). -
Bureaucratic rejig: Seth new DEA secretary, Bajaj shifted to revenue dept
The government on Tuesday shifted Tarun Bajaj, secretary of the department of economic affairs (DEA), to the revenue department and appointed Karnataka-cadre civil servant Ajay Seth as the DEA secretary, as part of a bureaucratic shuffle. -
Max Group sells 13% stake in life insurer Max Life to Axis Bank
Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country's third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. -
India calls for greater coordination among BRICS
India on Tuesday pitched for greater coordination among BRICS nations on the issue of the 16th general review of quotas of the International Monetary Fund (IMF) to give more say to developing countries. -
Companies garner Rs 18.5L cr via BSE platforms in FY21
Indian corporates raised over Rs 18.56 lakh crore in 2020-21 through BSE platforms amid Covid-19, a surge of 53 per cent from the preceding fiscal, the exchange said on Tuesday. -
Indian economy to grow at historic 12.5%: IMF
The WEO projected India`s gross domestic product (GDP) growth to moderate to 6.9 percent in the next fiscal year, while still retaining the top growth rate spot. Any elation over the historically high rate is, however, moderated by the fact of India`s negative growth rate of 8 percent during 2020-21. -
Data shows economy well-poised to deal with second COVID wave; but concerns remain
While data points like GST, housing and vehicle sales indicate that the economy is still on a strong path to recovery, industrial production and manufacturing sentiment numbers show that there is still a cause of concern. As COVID numbers spike again, Moneycontrol takes a look at some key high-frequency data. -
IMF projects India's growth rate at 12.5% in 2021
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic. -
China creates its own digital currency: Report
With cyber yuan, the Chinese government has reportedly created a digital currency controlled by its central bank. With credit cards and payment apps, money dealings are already some sort of virtual. But now, China is turning legal tender itself into computer code, The Wall Street Journal (WSJ) reported on Tuesday. -
After long wait, Max Group sells 13% stake in life insurer Max Life to Axis Bank
Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country's third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. -
'A month's national lockdown can dent GDP by 2%'
India's economic recovery is still "shallow" and a month's national lockdown to curb the rising pace of Covid-19 infections can dent the GDP by up to 2 per cent, an American brokerage warned on Tuesday. -
Jeff Bezos, Elon Musk top Forbes'' record-setting billionaire list
Tesla Chief Executive Elon Musk jumped into second spot on the list, up from 31st last year. Bernard Arnault, chief executive of luxury goods firm LVMH, Microsoft founder Bill Gates and Facebook Chief Executive Mark Zuckerberg round out the top five of the world`s richest billionaires. -
CRED raises $215 mn at $2.2 bn valuation, enters unicorn club
In the last three months, CRED’s valuation has doubled as it was valued at $800 million in January this year. Launched in 2018, CRED prioritises credit-card repayment and then rewards users who pay their bills, which can be used for offers and discounts on various products. Currently, it has nearly 6 million users. -
Jio inks pact with Airtel to acquire some spectrum
Reliance Jio on Tuesday said it has signed an agreement with Bharti Airtel for the acquisition of some spectrum in 800 MHz band in Andhra Pradesh, Delhi and Mumbai circles at an aggregate deal value of about Rs 1,497 crore. -
IMF projects India's growth rate to jump to impressive 12.5% in 2021
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic. -
India should've done more to protect jobs: McKinsey official
India should have done more to protect jobs during the pandemic, a senior official from a global consultancy firm said on Tuesday. Alok Kshirsagar, a senior partner with McKinsey & Company, said the United Kingdom ran a very effective programme to protect employment through the payroll protection initiative, while the US was also not so effective because they were not well-targeted. -
A month's national lockdown can dent GDP by 2%: Report
India's economic recovery is still "shallow" and a month's national lockdown to curb the rising pace of Covid-19 infections can dent the GDP by up to 2 per cent, an American brokerage warned on Tuesday. -
Book LPG cylinders through WhatsApp: HP, Indane, Bharat Gas customers check the process and other details here
Customers can book their LPG gas cylinder by speaking to a gas agency or distributor, online booking by visiting the website and also by sending a text on the company's WhatsApp number. -
Why shortages of a $1 chip sparked crisis in global eco
To understand why the $450 billion semiconductor industry has lurched into crisis, a helpful place to start is a one-dollar part called a display driver. Hundreds of different kinds of chips make up the global silicon industry, with the flashiest ones from Qualcomm Inc and Intel Corp going for $100 apiece to more than $1,000. Those run powerful computers or the shiny smartphone in your pocket. -
India should have done more to protect jobs: McKinsey official
India should have done more to protect jobs during the pandemic, a senior official from a global consultancy firm said on Tuesday. Alok Kshirsagar, a senior partner with McKinsey & Company, said the United Kingdom ran a very effective programme to protect employment through the payroll protection initiative, while the US was also not so effective because they were not well-targeted. -
Adani becomes 3rd Indian group to cross $100bn in m-cap
Adani Group has become India's third conglomerate to cross $100 billion in market capitalisation with shares of four of its six listed companies reaching an all-time high on Tuesday. -
IndiGo flight operations at Goa airport hit after staff go on strike
On April 6, airline major IndiGo’s services were stalled at Goa airport after staff at subsidiary Agile Airport Services Pvt Ltd, went on a strike. -
New IRDAI rules for designing, pricing of general insurance products
The proposed regulations provide the basic framework and reflect the fundamental principles to be followed in respect of product design and pricing, said Insurance Regulatory and Development Authority of India (IRDAI). -
SBI vs HDFC Bank vs ICICI Bank vs Axis Bank: Check the latest FD rates
Major lenders like State Bank of India (SBI), ICICI Bank, HDFC Bank, and Axis Bank provide FD tenures ranging from 7 days to 10 years. Check the latest FD interest rates given by Axis Bank, SBI, HDFC Bank and ICICI Bank -
Why shortages of a $1 chip sparked crisis in global economy
To understand why the $450 billion semiconductor industry has lurched into crisis, a helpful place to start is a one-dollar part called a display driver. Hundreds of different kinds of chips make up the global silicon industry, with the flashiest ones from Qualcomm Inc and Intel Corp going for $100 apiece to more than $1,000. Those run powerful computers or the shiny smartphone in your pocket. -
Sensex, Nifty end marginally higher after choppy trade
Equity benchmarks sensex and Nifty ended marginally higher on Tuesday, tracking high volatility amid concerns over the economic impact of the second wave of coronavirus infections in the country. -
ITR filing FY 2020-21: Now fill ITR 1 and ITR 4 using single offline JSON Utility; check what it means for salaried class
For AY 2021-22, the ITR 1 to ITR 4 can be filled using single JSON Utility while mport of Prefill file is mandatory in utility. -
Tarun Bajaj appointed new revenue secretary
In a major bureaucratic reshuffle, current economic affairs secretary Tarun Bajaj was appointed as the new revenue secretary on Tuesday. Ajay Seth will be the new economic secretary in place of Bajaj. Seth, a 1987-batch IAS officer, is currently serving in his cadre state of Karnataka. A Haryana cadre officer, Bajaj was holding additional charge as the economic secretary. -
FPIs invest Rs 2.74L cr in equity markets in FY'21
The finance ministry on Tuesday said India witnessed strong foreign portfolio investment (FPI) inflows into the equity markets to the tune of Rs 2,74,034 crore during 2020-21, despite the outbreak of Covid-19. -
RBI Monetary Policy preview: MPC may not cut repo rate, RBI to keep inflation under close watch
Reserve Bank of India (RBI) will present its first bi-monthly policy for 2021-22 on April 7, 2021. The announcements by RBI on Wednesday will set the direction for monetary policy for the new financial year. -
Rs 2,74,034 crore Foreign Portfolio Investments inflows in Indian equity markets
The robust FPI flows came on the back of faster than expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. The Government and regulators had also undertaken major policy initiatives directed at improving ease of access and investment climate for FPIs in the recent past. -
'Separation of CMD roles won't weaken promoters' position'
Capital markets regulator Sebi chief Ajay Tyagi on Tuesday said the new framework to split the roles of chairman and managing director is not aimed at weakening the position of promoters, rather it is a move aimed at improving corporate governance structure of listed companies. -
India to buy 36% less oil from Saudi Arabia
The government has decided to reduce oil imports from Saudi Arabia by a whopping 36 per cent in May, news agency Reuters reported quoting sources. The decision comes even after the Kingdom supported the idea of boosting output from the Organization of the Petroleum Exporting Countries (Opec) and allied producers last week. -
No need to go to RTO office for Driving License, read new guidelines here
Under this new rule, the entire process of obtaining Learner's license i.e. from application to printing will now be done online. Also, electronic certificates and documents can be used for medical certificates, learner’s license, surrender of driver’s license and renewal of Driving License. -
Now, you can call yourself 'stay-at-home parent' on LinkedIn
LinkedIn has introduced new job titles to address career gaps due to parenting and other life responsibilities. It has rolled out new fields for employment gaps like “stay-at-home mom,” “stay-at-home dad” and “stay-at-home parent,” to allow full-time parents and caretakers to more accurately display these jobs. -
Gold Price Today, 06 April 2021: Gold Prices costlier by Rs 1,000 per 10 gm in a week, Silver once again crosses Rs 65,000 per kg
On Thursday gold prices for June delivery opened at Rs 45,420 per 10 grams against the close of Rs 64562. -
7th Pay Commission latest news: Big update on Railway employees’ night duty allowance
In a big relief to the Railway employees, Railways have made some changes in the rules of night duty allowance. -
Child below 5 years gets a blue-colored Baal Aadhaar: Here are 5 fun, interesting and important facts
Everyone can enroll for Aadhaar - even a newborn child. These Aadhaar cards are called Baal Aadhaar. -
Never spoke to Musk on buying Tesla: Tim Cook
Apple CEO Tim Cook has said that he never spoke to Tesla CEO Elon Musk about buying his failed electric car business a couple of years back. In December last year, Musk had tweeted that he offered Cook to sell his electric car company at one-tenth of its value during the struggling period in 2017 but Apple refused to meet him. In an interview, Cook said that talks never happened. -
'India well-armed to tackle Covid surge risks'
India is well armed to combat any downside risk posed by the recent surge in Covid cases, a finance ministry report said on Monday, asserting that the recovery is resilient with sustained improvement in majority of high-frequency indicators. -
Amazon illegally fired staff critical of work conditions
Amazon.com Inc illegally fired two employees who advocated for better working conditions during the pandemic, the US National Labor Relations Board has found. -
US SC backs Google over Oracle in major copyright case
The US Supreme Court handed Alphabet Inc’s Google a major victory on Monday, ruling that its use of Oracle Corp’s software code to build the Android operating system that runs most of the world’s smartphones did not violate federal copyright law. -
Sensex jumps over 300 points in early trade
After starting on a weak note, equity benchmark sensex rebounded over 300 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Infosys and ICICI Bank. -
India well-armed to tackle Covid surge risks: Finance ministry
India is well armed to combat any downside risk posed by the recent surge in Covid cases, a finance ministry report said on Monday, asserting that the recovery is resilient with sustained improvement in majority of high-frequency indicators. -
Crypto market cap surges to record $2 trillion
The cryptocurrency market capitalisation hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors. -
Sensex jumps over 300 points in early trade; Nifty reclaims 14,700 level
The 30-share BSE index pared its initial losses and rebounded 313.14 points or 0.64 per cent to 49,472.46, and the broader NSE Nifty advanced 99.80 points or 0.68 per cent to 14,737.60. -
FDI equity inflows up 28% during April-January
FDI equity inflows into the country during April-January 2020-21 grew by 28 per cent to $54.18 billion, according to the commerce and industry ministry data released on Monday. -
Maharashtra curbs may hit auto industry’s rebound
The fresh Covid lockdown in Maharashtra has become a worry for the car industry, which fears that the recent boost in demand may be punctured, especially on the retail front. -
HDFC Bank loans grow 14% in FY21
HDFC Bank has reported 16.3% growth in deposits and 14% in advances during the year 2020-21. Yes Bank and IndusInd Bank too have reported high deposit growth of 54.7% and 27.7% respectively, indicating a gain in market share after a turbulent fourth quarter in FY20.
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