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Zomato IPO: Info Edge to sell shares worth Rs 750cr
Info Edge, an early investor in Zomato, said it will sell shares worth Rs 750 crore in the upcoming initial public offering (IPO) of the online food ordering platform. -
‘We are able to sell whatever we produce’: Maruti chief Bhargava
As the country slips into lockdown and corona restrictions rise due to increasing cases of the spread of the deadly virus, Maruti Suzuki said on Tuesday that the company’s sales and production remain unaffected, and it is “able to sell whatever we produce.” -
Govt allows biz to verify GST returns through EVC
The government has allowed businesses to verify through electronic verification code monthly GST returns filed till May 31. Currently, businesses are required to digitally sign the GSTR-3B form while filing the monthly return and paying taxes. However, with offices shut due to the lockdown, businesses are unable to generate a digital signature that has led to delay in filing returns. -
Biz activity falls to 76% of pre-pandemic level
Business activity has fallen by a fourth of the pre-Covid levels due to lockdowns imposed by states to contain the spread of the second wave of Covid-19, Japanese brokerage Nomura said on Tuesday. -
ADB provides $1.5bn to India to deal with Covid-19
The Asian Development Bank (ADB) on Tuesday said it has provided $1.5 billion to India to deal with the Covid-19 pandemic. The institution had announced a package of $20 billion in April 2020 to provide financial support to 26 countries to help fight the pandemic, it said in a release. -
RBI imposes Rs 40 lakh penalty on Himachal Pradesh State Cooperative Bank
A notice was issued to the Himachal Pradesh State Co-operative Bank. After considering the bank's reply to the notice and oral submissions made in the personal hearing, the RBI said it came to the conclusion that the charge was substantiated and warranted imposition of monetary penalty. -
Musk trolls Bezos as space race heats up
The space race between the world's two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos' attempt to challenge a major NASA contract. -
Lockdowns pull down biz activity to 76% of pre-pandemic level
Business activity has fallen by a fourth of the pre-Covid levels due to lockdowns imposed by states to contain the spread of the second wave of Covid-19, Japanese brokerage Nomura said on Tuesday. -
'Household savings jump to 22.5% of GDP during Covid'
As people were forced to remain indoors for most of the year due to the lockdowns, there was an unlikely winner in the pandemic-ravaged year -- household savings -- which rose to 22.5 per cent of GDP from 19.8 per cent in 2019, according to a report. -
FASTag compulsory for all cars in Mumbai
To enter Mumbai, there are five toll plazas at Dahisar (Western Expressway), Mulund (Lal Bahadur Shastri Road), Mulund (East Expressway), Airoli (Mulund-Airoli Road) and Vashi (Siva-Panvel Road) and these FASTags have become important now. This could benefit more than 20,000 to 25,000 vehicle owners and will further reduce the jams caused due to it. -
Axis Bank posts Rs 2,677 crore profit in Jan-Mar
The private sector lender had reported a loss of Rs 1,387.78 crore in the same quarter of the previous financial year. -
Bank holidays May 2021: Banks will remain closed for 12 days in total, check out the important dates
In total, banks would be closed for 12 days in May, though banking activities in different states may vary from each other. Check out the important dates when bank branches will remain closed. -
Markets maintain momentum for second day; RIL, banks rally
Shrugging off the COVID-19 crisis, the 30-share BSE Sensex opened in the green and gained further momentum during the session. It finally finished at 48,944.14, up 557.63 points or 1.15 per cent. -
'Set up panel to see if breath analyser test necessary'
The Delhi high court Tuesday directed civil aviation regulator DGCA to set up a medical committee to examine whether breath analyser (BA) tests of pilots and cabin crew need to be conducted or blood tests would suffice as an alternative. -
Sensex surges 558 pts as banking, metal stocks rise
Equity indices jumped on Tuesday with the benchmark BSE sensex rising over 550 points led by gains in banking and metal stocks. The 30-share BSE index rose 558 points or 1.15 per cent higher to close at 48,944; while the broader NSE Nifty settled 168 points or 1.16 per cent higher at 14,653. -
Maruti posts 9.7% drop in January-March profit
Maruti Suzuki India Ltd reported a 9.7% drop in fourth-quarter profit on Tuesday, as weak demand for vehicles during the Covid-19 pandemic and higher commodity costs hurt India's largest carmaker. -
'Don’t travel to Kathmandu just for transiting'
The Indian embassy in Nepal has advised passengers not to travel to Kathmandu from India only for the purpose for transiting to others parts of the world. The order comes at a time when a number of countries like the UK, Canada, Australia and UAE have suspended flights to India. While some other countries have restrictions for travellers from India. -
Invest in SIP and get free insurance, know full benefits, terms and conditions
In a bid to tap on this changing trend, mutual fund houses have also changed the strategy to attract investors by offering the benefit of free insurance cover to those who start a new Systematic Investment Plan (SIP). -
Gold Price Today, 27 April 2021: Gold gets cheaper by Rs 8,770! Silver by Rs 11,380
Gold prices on MCX fell by Rs 57 to Rs 47,405 per 10 gram in futures trade on Tuesday as speculators reduced their positions amid low demand. -
Set up panel to see if breath analyser test necessary, HC asks DGCA
The Delhi high court Tuesday directed civil aviation regulator DGCA to set up a medical committee to examine whether breath analyser (BA) tests of pilots and cabin crew need to be conducted or blood tests would suffice as an alternative. -
Sensex surges 558 points as banking, metal stocks rise
Equity indices jumped on Tuesday with the benchmark BSE sensex rising over 550 points led by gains in banking and metal stocks. The 30-share BSE index rose 558 points or 1.15 per cent higher to close at 48,944; while the broader NSE Nifty settled 168 points or 1.16 per cent higher at 14,653. -
Gold Price Today, 27 April 2021: Gold gets cheaper by Rs 8,770! Silver cheaper by Rs 11,380
Gold prices on MCX fell by Rs 57 to Rs 47,405 per 10 gram in futures trade on Tuesday as speculators reduced their positions amid low demand. -
Maruti Suzuki India posts 9.7% drop in January-March profit
Maruti Suzuki India Ltd reported a 9.7% drop in fourth-quarter profit on Tuesday, as weak demand for vehicles during the Covid-19 pandemic and higher commodity costs hurt India's largest carmaker. -
SBI issues very important alert on scanning QR code, never do THIS mistake
If you scan an unauthorised QR code, you could actually lose your money. Stay alert and check out this tutorial. -
SC allows Vedanta to operate Tuticorin plant for producing O2
The Supreme Court on Tuesday allowed oil-to-metals conglomerate Vedanta Ltd to operate its Tuticorin plant in Tamil Nadu for producing oxygen. "It is a national crisis and the plant to be operated only for production of medical grade oxygen," the top court noted. -
Govt may attain up to 90% of FY22 disinvestment target on strong liquidity
Acquisition of assets in PSUs is not likely to be a seamless experience for potential investors given continued uncertainties like labor issues and governance structures. -
Indian Railways cancels 40 trains amid COVID-19 situation, check full list of trains here
North Western Railway (NWR) region deputy general manager Lt. Shashi Kiran said that the cancellation of these 40 trains will remain suspended till further orders. -
CEOs of 40 top American companies create global task force to help India fight COVID-19
In a show of solidarity, the CEOs of about 40 top American companies have come together to create a first-of-its-kind country-specific global task force to mobilise resources and coordinate efforts to help India fight the battle against COVID-19. -
Cognizant CEO receives $14m in compensation in 2020
Cognizant CEO Brian Humphries received a total compensation of $13.8 million in 2020, according to the company's 2021 proxy statement filing on the US SEC. It's less than the $15.9 million he received in 2019. -
CEOs of US cos create task force to help India fight Covid
In a show of solidarity, CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against Covid-19. -
Australia bans direct passenger flights from India till May 15
Australia on Tuesday announced a temporary ban on direct passenger flights from India following a massive surge in coronavirus infections. Prime Minister Scott Morrison said the suspension would remain in place until at least May 15 due to "clearly present" risks of travel from India, leaving thousands of Australians stranded. -
7th Pay Commission latest update: Big blow to central govt employees! TA not to rise from July 1?
Travel Allowance of central government employees will not be increased because their current DA is not 25 percent or above, which as per the pay matrix calculation rule of the 7th Pay Commission is a requisite. -
Sensex rises over 150 points in early trade; Nifty tops 14,500
The 30-share BSE index was trading 155.63 points or 0.32 per cent higher at 48,542.14. -
How to raise a grievance on EPFO? A step-by-step guide
EPF withdrawal, transfer of EPF account, know-your- customer (KYC) among others issues related complaints can be filed through this website. EPF account-holders, EPF pensioners and employers can use this portal. -
Petrol, Diesel Prices Today, April 27, 2021: Fuel prices remain unchanged for 12th straight day; 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. -
CEOs of 40 US companies create global task force to help India fight Covid-19
In a show of solidarity, CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against Covid-19. -
IT companies expand Covid care facilities for employees
IT services companies are lending a helping hand to their employees to cope with the health challenge thrown by the second wave of the pandemic. Infosys said that employees who have contracted or are recovering from Covid will get 21 days of additional paid leave. -
Lockdowns could disrupt supplies, fuel inflation: RBI
The Reserve Bank of India has said in its ‘State of the Economy’ report that the resurgence in Covid infections, if not contained in time, risks protracted restrictions and disruptions in supply chains and consequent inflationary pressures. The RBI’s warning comes at a time when prospects of regional lockdowns have increased with rising cases of the disease. -
Curbs may hit supplies, fuel inflation: RBI
The Reserve Bank of India has said in its ‘State of the Economy’ report that the resurgence in Covid infections, if not contained in time, risks protracted restrictions and disruptions in supply chains and consequent inflationary pressures. The RBI’s warning comes at a time when prospects of regional lockdowns have increased with rising cases of the disease. -
Non-food credit growth falls to 5.4% in fortnight ended April 9
Banks have already started hinting that they will turn more cautious in extending loans. On Saturday, ICICI Bank told analysts in a post-results call that it will, “calibrate [its] growth in the near term based on the operating environment and conditions resulting from the second wave of the Covid-19 pandemic.”
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