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Second round of loan melas to return in Oct. Sitharaman first nudged lenders to reach out to customers and signal their willingness to lend during the festive season in September 2019. | 0 | |
Market opens flat, Sensex down 80 points, Nifty at 16,600. After opening on a negative note, the 30-share index was trading 46.78 points or 0.08 per cent higher at 55,990.99. Similarly, the broader NSE Nifty advanced 16.80 points or 0.10 per cent to 16,651.45. | 0 | |
E-Shram portal aims to document India's unorganised sector. All you need to know. The National Database of Unorganised workers (E-Shram) portal will be launched at 3:30pm today, according to the Union ministry of labour | 0 | |
Indian spot gold rate and silver price on Thursday, Aug 26, 2021. Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Thursday, Aug 26, 2021 | 0 | |
Ola Electric in talks to secure up to $1 billion from investors. In July, Ola Electric raised $100 million from state-run Bank of Baroda to finance the first phase of construction of what the company claimed would be the world’s largest electric two-wheeler factory. | 0 | |
Microsoft promotes Panos Panay as top adviser to CEO Satya Nadella. Panos Panay oversees the Windows and Devices businesses, as well as the company’s overall product vision | 0 | |
Govt eases rules for drone operations. The policy, a liberalized version of rules first announced in March, will exempt a drone operator from seeking security clearance before registering a drone or applying for a licence. | 0 | |
Indian spot gold rate and silver price on Friday, Aug 27, 2021. Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Friday, Aug 27, 2021 | 0 | |
Sensex slips 95 points in early trade; Nifty hovers around 16,600. M&M was the top loser in the Sensex pack, shedding over 1 per cent, followed by HDFC, Tech Mahindra, ICICI Bank, Infosys and IndusInd Bank. | 0 | |
India launches ‘BharatCaller’, an equivalent of TrueCaller. Details here. “Bharat Caller ID has more than 50 million user databases and over 1 billion numbers data from the global community. It is the only app you need to make your communication safe and smart,” the application’s description on the Playstore read. | 0 | |
Two years on, DGCA lifts ban on Boeing 737 MAX. The jet was grounded around the world following crashes in Indonesia and Ethiopia that killed 346 people. Most major markets including the US and Europe have since then allowed the aircraft to resume flights last year. | 0 | |
Centre may roll out e-com policy without data norms. The policy will also stay clear of the controversial data localization rules, as these will be separately handled by the Reserve Bank of India and the upcoming bill pending before Parliament. | 0 | |
Financial awareness helps women gain edge when they restart after career break. Women in India take sabbaticals from work for a host of reasons, the most common ones being pregnancy, childbirth or to fulfill caregiving duties for sick family members or aging parents. | 0 | |
India, Australia hold trade talks; discuss way forward for CECA’s early ending. India and Australia launched the CECA in May 2011. There have been nine rounds of negotiations, the most recent one held in September 2015. | 0 | |
Crash in tomato prices hits farmers, from Maharashtra to Haryana. Sliding rates of some vegetables amid record horticulture production point toward a vegetable deflation that could crimp farm incomes, analysts say | 0 | |
Centre extends tenure of four public sector banks' top officials, including PNB. The government sent notifications to these banks on Thursday, informing them about the extensions given to the top-level officials. | 0 | |
Central govt offices to pay in advance for energy use. The decision is in sync with the ₹3.05 lakh crore “revamped reforms-based result-linked power distribution sector scheme” that finance minister Nirmala Sitharaman announced in the Budget on February 1, they said requesting anonymity. | 0 | |
Zomato looks to counter gig worker criticism. The ads come in the wake of recent criticism that riders had to work long hours, with declining incentives, for low pay. In the past few months, several anonymous Twitter handles have cropped up to highlight the daily ordeals of food delivery staff. | 0 | |
Goldman Sachs, Citi, 8 others make the cut for LIC share sale mandate. Others who will handle India’s largest-ever initial public offering are Bank of America, Nomura, Axis Capital, JM Financial, ICICI Securities. | 0 | |
From September 1, non-filers of GST return will be banned from filing GSTR-1. The move will be enacted under Rule-59(6) of CGST Rules, 2017, which comes into effect from September 1, 2021, said the GSTN. | 0 | |
'We are fast progressing in FTA discussions with UK, UAE': Piyush Goyal. Highlighting the role that traders play, commerce minister Piyush Goyal said that they are "the twin pistons powering the economic growth engine of the nation". | 0 | |
FDI inflow grows by 168% in April-June quarter, automobile emerges as top sector. Karnataka is the top FDI recipient in investment in the automobile sector, with 48 per cent share of the amount going there, the government said in a statement. It was followed by Maharashtra (23 per cent) and Delhi (11 per cent), it adde... | 0 | |
RBI may launch e-currency: How will it be different from cryptocurrency?. The Reserve Bank of India has advocated the use of a digital currency, as fiat money, to reduce dependency on paper notes and reduce the load on transactions. CBDCs would also potentially enable a more real-time and cost-effective globalization o... | 0 | |
Banks to stay shut till the end of the month starting today. Check full list. Banks will remain closed in a total of 15 cities across India, including Ahmedabad, Chandigarh, Lucknow and Patna, among others, on Monday on the occasion of Janmashtami or Krishna Jayanthi. | 0 | |
Tesla's Musk signals concerns over Nvidia deal for UK chip maker: Report. Tesla, Amazon, Samsung and Nvidia did not immediately respond to a Reuters request for comment. | 0 | |
'Breaks my heart': Grofers founder replies to 'hate' over 10-minute delivery. Albinder Dhindsa said instead of celebrating India-based startups' successes, people are only being "cynical and envious". | 0 | |
Number Theory: What may hinder India’s lending route to revival. Evidence from the latest forward-looking surveys conducted by the RBI suggests that businesses believe that borrowing costs have already bottomed out. | 0 | |
Airtel board to meet today to consider fundraising options. The move is expected to give more power to Airtel, as the company takes on rivals in the Indian telecom market that is now gearing up for 5G. | 0 | |
Unit holders of FT MF to get ₹2,918.5 crore from September 1. With this, the schemes will have cumulatively returned ₹23,998.84 crore to investors or 96.18% of the net asset value of the six schemes that were wound up on April 23, 2020. | 0 | |
Aadhaar-PF link, LPG price hike: New rules to come into effect from September 1. SBI customers, who wish to conduct high value transactions must mandatorily link their Aadhaar and PAN by September 30, 2021. | 0 | |
On 7th anniversary of Jan Dhan Yojana, PM Modi says scheme ensured life of dignity for countless Indians. “I would like to applaud the untiring efforts of all those who have worked to make #PMJanDhan a success. Their efforts have ensured the people of India lead a better quality of life,” PM Modi said in his tweet. | 0 | |
Airtel board approves ₹21,000 cr rights issue. Funds will help the telco expand network, pay dues, take on rival Jio | 0 | |
Industrialization key for credit growth in the east, say bankers. This and a few other points were raised at an August 25 meeting between Union finance minister Nirmala Sitharaman and heads of public sector banks, according to two people aware of the development. | 0 | |
Sensex soars over 400 points to scale fresh lifetime peak; Nifty crosses 16,800. After touching a lifetime high of 56,527.81 in the opening session, the 30-share index was trading 376.65 points or 0.67 per cent higher at 56,501.37. Similarly, the broader NSE Nifty surged 100.95 points or 0.60 per cent to 16,806.15. | 0 | |
Indian spot gold rate and silver price on Monday, Aug 30, 2021. Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Monday, Aug 30, 2021 | 0 | |
Covid-19 lockdown: How Zerodha 'nudged' its team to become fit again. Nithin Kamath, the founder-CEO of Zerodha, has shared his experience on Twitter. | 0 | |
Alibaba fires 10 for leaking sexual assault accusations against ex-manager. Alibaba announced internally last week it fired the group for sharing a harrowing account posted on an internal forum by a colleague surnamed Zhou, who accused a former manager of rape. | 0 | |
Finance minister Sitharaman to launch National Monetisation Pipeline on Aug 23. In her Union Budget 2021-22 speech, Sitharaman had said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction. | 0 | |
I-T portal glitch: Finance ministry 'summons' Infosys CEO Salil Parekh. The Income Tax department said Infosys MD and CEO Salil Parekh will explain to finance minister Nirmala Sitharaman why multiple issues continue to mar smooth functioning of the site. | 0 | |
Nirmala Sitharaman to launch fund for export-oriented firms and startups today. The ‘Ubharte Sitaare Fund’ is a mixture of structured support, both financial and advisory services through investments in equity or equity-like instruments, debt (funded and non-funded) and technical assistance (advisory services, grants a... | 0 | |
Petrol price drops to ₹101.64 per litre in Delhi. Check rates in your city. Petrol and diesel rates of state-run Indian Oil Corporation's (IOC) pumps in Delhi are the benchmark for the entire country. | 0 | |
Centre to cut 50% fines for startups created as LLPs. The ministry of corporate affairs will notify the requirements for startup LLPs to avail of this relief. | 0 | |
Grofers plans under 10-min deliveries. The company is now putting its muscle behind the 10-minute delivery model and has started its focus with the top 12 cities on the platform. | 0 | |
Bitcoin briefly tops $50,000 level for first time since mid-May. The largest virtual coin advanced as much as 3.5% to almost $50,093 in Asian trading Monday, with other tokens including Ether and Cardano’s ADA also rising. Bitcoin was last above $50,000 in mid-May. | 0 | |
Big investors reject exec pay proposals. IiAS has suggested shareholders vote against the remuneration proposals at each of these companies. | 0 | |
LegalPay to democratize litigation funding for retail investors. LegalPay launches Special Purpose Vehicle (SPV) for retail investors to be able to invest as little as ₹25,000. | 0 | |
Markets open in the green, Sensex up by 411.04 points to trade at 55,740.36; Nifty surges 109.35 points. The 30-share index was trading 411.04 points or 0.74 per cent higher at 55,740.36, while the broader NSE Nifty jumped 109.35 points or 0.66 per cent to 16,559.85 | 0 | |
Indian spot gold rate and silver price on Monday, Aug 23, 2021. Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Monday, Aug 23, 2021 | 0 | |
CCI imposes ₹200 crore penalty on Maruti for restricting discounts by dealers. The Competition Commission of India found out that Maruti Suzuki India Limited appointed mystery shopping agencies who used to pose as customers to find out if any additional discounts were being offered. | 0 | |
Sitharaman to launch National Monetisation Pipeline today. Details here. According to an official statement, the NMP will list out the Centre’s infrastructure assets which will be sold over the next four years. Policy think tank NITI Aayog’s chief executive officer Amitabh Kant, vice chairperson Rajiv Kumar and other s... | 0 | |
As jewellers hold strike, key things to know about gold hallmarking rules. Gold hallmarking was earlier voluntary in nature, but the government made it mandatory with an aim to ensure gold consumers are not cheated by sellers. | 0 | |
Sensex rises 226 points to close at 55,555; Nifty ends session at 16,496 points. HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by TCS, Bajaj Finserv, Nestle India, Bharti Airtel, Bajaj Finance and Tech Mahindra. | 0 | |
National Monetisation Pipeline: What is it and how will it benefit the country?. Union finance minister Nirmala Sitharaman, while launching the National Monetisation Pipeline, said, "It talks about brownfield assets where investment is already being made, where there are assets either languishing or not fully monetised... | 0 | |
Sitharaman tells Infosys CEO Parekh to resolve IT-portal glitches by Sept 15. The Union finance minister was concerned about the glitches still being there on the portal despite two and half months since its launch, the Income Tax department said in a statement. | 0 | |
RBI imposes penalty of ₹27.5 lakh on Dhanlaxmi Bank, ₹20 lakh on cooperative bank. The central bank, however, clarified that the action should not be seen as a comment on the validity of any transaction or agreement that the two banks may have with their respective customers. | 0 | |
Govt to finalise investment bankers for LIC IPO this week. Last month, the Union cabinet cleared the IPO of LIC, India’s largest insurer which is expected to be listed in stock exchanges in the March quarter of this fiscal. | 0 | |
CCI imposes ₹200 crore fine on Maruti. The case stemmed from an anonymous complaint from an auto dealer who alleged in 2017 that Maruti’s sales policy was against the interest of customers and was against the provisions of Competition Act. | 0 | |
Expo 2020 Dubai to lend planet a hand towards sustainability. The 182-day mega-event in Dubai aims to address environmental challenges, such as climate change, plastic pollution and biodiversity conservation, through a collaborative and people-centred strategy. | 0 | |
Price and quality competitiveness are keys to increase exports: Piyush Goyal. Piyush Goyal said the Indian industry has done remarkably well despite the Covid-19 crisis as merchandise exports for first two weeks of August this year is 45% up as compared to the same period last year. | 0 | |
Markets open up, Sensex rises 102.52 points to 55,658.31; Nifty advances 37.35 points to 16,533.80. The 30-share index was trading 148.72 points or 0.27 per cent higher at 55,704.51, while the broader NSE Nifty advanced 49.15 points or 0.30 per cent to 16,545.60. | 0 | |
Gold, silver prices drop after jump in previous session. In the United States, all eyes are now on Fed Chair Jerome Powell's speech at the annual Jackson Hole, Wyoming, symposium where the taper plan of the country's central bank will be revealed. | 0 | |
Petrol and diesel rates reduced by 15 paise per litre. The total diesel price cut is, however, steeper compared to petrol. Oil companies have so far reduced diesel rates for the fifth time in last seven days, making it cheaper by 95 paise a litre. Diesel rates started softening after it surged to an all-time high at ₹8... | 0 | |
Ola selects banks, $1 billion IPO expected to be launched in October. Ola is among the clutch of companies in India which have taken the IPO route to raise funds. The raging IPO frenzy has set a record of sorts this month with the first 20 days of August witnessing as many as 23 filings seeking regulatory permission to... | 0 | |
6 more private companies to sell petrol and diesel in India soon: Report. The companies are IMC, Onsite Energy, Assam Gas Company, RMBL Solutions India, Manas Agro Industries and Infrastructure Limited and MK Agrotech. | 0 | |
New labour rules with change in work hours, pay to come into effect from Oct 1?. The four new codes on industrial relations, wages, social security and occupational health safety (OSH), and working conditions will rationalise 44 central labour laws, the government has said | 0 | |
Khatabook raises $100 million, announces ESOP buyback. Khatabook will also tap proceeds from the fundraise to launch financial services offerings for its merchant partners. | 0 | |
Infosys hits $100 billion m-cap, fourth Indian firm to reach milestone. Infosys shares hit a record high on Tuesday and helped it enter the 'Big Four' club. Reliance Industries, Tata Consultancy Services and HDFC Bank are the other firms with a market capitalisation of $100 billion or above. | 0 | |
Government to overhaul gold jewellery standards. In an effort to formalise the gold business, hallmarking by jewellers is now mandatory in 256 districts of the country. | 0 | |
Sensex jumps over 400 pts to close day at 55,959; Nifty ends session at 16,625. The 30-share index ended 403.19 points or 0.73 per cent higher at its lifetime peak of 55,958.98, with Bajaj Finserv being the top gainer in the Sensex pack, soaring around 8 per cent. | 0 | |
Reserve Bank of India puts new payment network plan on hold. The new entities would also earn interest from the float that customers maintain in their online payments accounts. | 0 | |
Indian spot gold rate and silver price on Wednesday, Aug 25, 2021. Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Wednesday, Aug 25, 2021 | 0 | |
Domestic air travel bookings pick up pace. IndiGo and SpiceJet plan to raise up to ₹3,000 crore and up to ₹2,500 crore, respectively. | 0 | |
Centre to launch e-SHRAM portal on Aug 26. Details here. The portal will maintain a database of workers in the country’s unorganised sector. The workers will be able to register themselves on the portal shortly after its launch tomorrow, according to Union labour minister Bhupender Yadav. | 0 | |
Sensex jumps over 200 pts to hit fresh high; Nifty nears 16,700. After touching a lifetime high of 56,188.49 in the opening session, the 30-share index was trading 211.23 points or 0.38 per cent higher at 56,170.21. Similarly, the broader NSE Nifty advanced 67.75 points or 0.41 per cent to 16,692.35. | 0 | |
Sensex slips 14.77 points to end day at 55,944.21; Nifty advances 10.05 points to record 16,634.65. After touching its all-time high of 56,198.13 in early trade, the 30-share index ended 14.77 points or 0.03 per cent lower at 55,944.21. | 0 | |
Work with state govts to push ‘one district, one product’ agenda: Sitharaman. Finance minister Nirmala Sitharaman called for a simple approach between public sector banks so that exporters are not made to run between one bank to another scouting for a better offer. | 0 | |
OnlyFans porn ban: Has the company doomed itself to failure?. Mounting pressure from banking partners and payment providers has been cited as the main reason behind OnlyFans' ban on sexually explicit content. | 0 | |
Jeh Wadia leaves boards of Bombay Burmah, Britannia. In its latest annual report released last week, Britannia said Jeh did not offer himself for reappointment to the board | 0 | |
Lawsuits against IPO-bound cos creating uncertainty. While the aggrieved parties accuse the companies of breach of contracts or non-payment of dues, the companies feel these are attempts at creating hurdles in their IPO plans and arm-twist them to agree to somew settlement. | 0 | |
Monetisation isn’t selling of assets, clarifies Sitharaman. She said their ownership of assets will continue to remain with the Central government and they will be taken back after a stipulated period of time | 0 | |
Indian spot gold rate and silver price on Tuesday, Aug 17, 2021. Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Tuesday, Aug 17, 2021 | 0 | |
Sensex surges 209.69 points to fresh high of 55,792.27; Nifty advances 51.55 points to record 16,614.60. After scaling a fresh lifetime high of 55,854.88 during the day, the 30-share index settled 209.69 points or 0.38 per cent higher at 55,792.27, while the broader NSE Nifty advanced 51.55 points or 0.31 per cent to 1... | 0 | |
Sensex drops by 126.19 points in opening session to trade at 55,456.39; Nifty at 16,528. After dropping over 100 points in the opening session, the 30-share index turned positive to trade 64.21 points or 0.12 per cent higher at 55,646.79, while the broader NSE Nifty advanced 14.95 points or 0.09 per cent to 16,578 | 0 | |
Apollo Hospitals share price jumps for second day straight. Apollo Hospitals consolidated revenues for the June 2021 quarter stood at ₹3,760 crore as compared with ₹2,171 crore in the Q1 of the previous fiscal | 0 | |
Do PLFS numbers underestimate the pain of lockdown?. The PLFS survey covers the July-June period rather than a fiscal or calendar year. So, when NSO released the 2019-20 PLFS report last month, this was supposed to be the first official record of what happened to labour markets during last year’s lockdown. | 0 | |
SII buys 50% stake in pharma firm that provide glass vials to store Covishield. The Pune-based Serum Institute of India's CEO Adar Poonawalla said in a statement that securing supply chain is of "strategic importance." | 0 | |
Only Visa card adheres to data guidelines, says Reserve Bank. Card network kept all local payments data within India, says regulator | 0 | |
Govt plans CSR rule for PSU banks, LLPs. At present, CSR is mandatory for only those corporate entities that are incorporated under the Companies Act, 2013. LLPs and public sector banks (PSBs) are outside its preview as they are governed by different laws—the LLP Act, 2008, and the Banking Regulation Act, 1949. | 0 | |
Gold, silver prices go up, analysts decode reasons. Concerns over China's regulations for its once-freewheeling internet sector and turmoil in Afghanistan kept investors on the edge. Gold is considered a safe store of value during times of political and financial uncertainty. | 0 | |
‘Will enforce single judge order if stay not granted’. On March 18 this year, the single judge had upheld the Singapore’s Emergency Arbitrator’s (EA) order stalling the $3.4 million deal between Kishore Biyani led FRL and Mukesh Ambani led Reliance Retail Limited. | 0 | |
Sensex surges over 250 pts to scale 56K for first time; HDFC Bank up 2 per cent. The 30-share index was trading 252.54 points or 0.40 per cent higher at its lifetime high of 56,044.81, while the broader NSE Nifty advanced 66.75 points or 0.40 per cent to record 16,681.35. | 0 | |
Teenagers turn money savvy, courtesy fintech. In India, at least six startups operate in the kids’ fintech space, including FamPay, Junio, Pencilton, YPay, Visa-networked Walrus, a Y Combinator-backed company, and Yodaa, a product of Singapore-based Atlantis. | 0 | |
Charting the path for financial independence of female small business owners. The most important thing in investing is to start early. So if you are a woman small business owner or if you run a home business, you should focus on starting early and investing regularly. | 0 | |
Why women need to break free from traditional investment class like gold?. Despite the gold consumption pattern indicating the popularity of gold among Indians, gone are the days when making large investments in gold for creating a financial safety net for women made sense. | 0 | |
RBI issues new, revised instructions on safe deposit lockers in banks. The banks were also directed by the RBI to incorporate a clause in the locker agreement that the locker-hirers shall not keep any illegal or hazardous substances in the safe deposit locker. | 0 | |
Afghanistan turmoil may lead to rise in dry fruit prices. Here's how. A senior representative of the Indian export body said at present, the Taliban have barred movement of all forms of cargo through transit routes in Pakistan, thereby stopping all imports from the war-torn country. | 0 | |
LPG cylinder price hiked by ₹25: Check latest rates here. The price of a domestic gas cylinder was last hiked on July 1. A domestic cylinder cost ₹834 in July. | 0 | |
MG Motor looks to tighten grip in SUV segment. The MG Astor model will offer some of the latest automotive technologies such as level 2 of autonomous driving technology and artificial intelligence (AI)-based customer assistance. | 0 | |
Banks in India to remain closed from August 19-23. Check details here. However, online banking services will continue to operate. According to the Reserve Bank of India’s holiday calendar, there are 15 bank holidays in August with the last one being on August 31. | 0 | |
Alibaba shares slump to record low as China plans further crackdown. Shares dropped after China said it is studying separate proposals to further ensure the rights of drivers who work for online companies and to step up oversight of the live streaming industry. | 0 |
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