Google to invest Rs. 33,737 crore in Jio platforms for a 7.73% stake
Jul 16, 2020, at 05:33 am
Mumbai/IBNS: Reliance Industries Limited, Jio Platforms Limited and Google LLC on Wednesday announced the signing of binding agreements for an investment of Rs. 33,737 crore by Google into Jio Platforms.
India records export fall in June but posts trade surplus in a decade as coronavirus hits import
Jul 16, 2020, at 05:20 am
New Delhi/IBNS: India has exhibited a negative growth in overall exports (merchandise and services combined) in April-June 2020-21 at USD 101.02 billion, which is down by (-)25.92 per cent over the same period last year, as per data released by Ministry of Commerce and Industry on Wednesday.
FCC & NPCI to host virtual Global Fintech Fest with support from World Bank and UNCDF
Jul 16, 2020, at 03:22 am
Mumbai/IBNS: To bring together fintech and BFSI ecosystems across the globe, the Fintech Convergence Council (FCC) the flagship fintech committee of Internet & Mobile Association of India (IAMAI) along with National Payments Corporation of India (NPCI), and the Payments Council of India (PCI) will host the Global Fintech Fest (GFF), an international virtual fintech event.
Reliance Industries to become net carbon free by 2035, says chief Mukesh Ambani
Jul 15, 2020, at 11:58 pm
Mumbai/UNI: Mukesh Ambani-led Reliance Industries on Wednesday announced its plan to launch an entry-level 4G or 5G smartphone for Indian users, for which it needs Google to build an Android-based operating system.
Bandhan Bank now has 2.03 crore customers
Jul 15, 2020, at 11:19 pm
Kolkata/UNI: Bandhan Bank today announced the results of the first quarter of financial year 2020 - 21. The Bank’s total business grew 24.99% year-on-year to reach Rs.1,34,941 crores.
Indian Market: Sensex ends almost flat at 36,051.81 pts
Jul 15, 2020, at 10:38 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday ended almost steady at 36,051.81, rising by 18.75 pts following gains in Infosys, TCS and HCL Technologies stocks.
RIL AGM, Reliance announces launch of JioTV+ and Jio Glass
Jul 15, 2020, at 10:37 pm
Mumbai/UNI: Mukesh Ambani controlled Reliance Industries during its 43rd Annual General Meeting announced the launch of JioTV+ and Jio Glass.
Infosys moves up by 6.16 pc to Rs 831.45
Jul 15, 2020, at 10:35 pm
Mumbai/UNI: Infosys on Wednesday surged by 6.16 pc to Rs 831.45 a major gainer in 30 scrips of BSE.
Indian Rupee bounces back 27 paise against USD
Jul 15, 2020, at 10:15 pm
Mumbai/UNI: Erasing yesterdays losses, the Rupee on Wednesday jumped by 27 paise
Maruti Suzuki to proactively recall 134,885 units of WagonR, Baleno
Jul 15, 2020, at 10:14 pm
Mumbai/UNI: Car major, Maruti Suzuki India Limited on Wednesday proactively announced to voluntarily undertake a recall for WagonR (1 Litre) manufactured between November 15th 2018 and October 15th 2019 and Baleno (Petrol) manufactured between January 8,2019 and November 4, 2019. The recall will cover 134,885 vehicles of both these models.
Indian Market: Sensex down 660.63 pts
Jul 14, 2020, at 10:40 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Tuesday dropped by 660.63 pts to settle at 36,033.06 following heavy selling in Bankex, Power, Metal, Auto and Finance stocks amid negative global cues.
IndusInd Bank drops by 5.33 pc to Rs 510.85
Jul 14, 2020, at 10:39 pm
Mumbai/UNI: Indusind Bank on Tuesday slipped by 5.33 pc to Rs 510.85 a major loser in 30 scrips of BSE.
Indian Rupee down 22 paise against USD
Jul 14, 2020, at 10:11 pm
Mumbai/UNI: The Rupee on Tuesday dropped by 22 paise to settle at 75.41 on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.
India's June WPI inflation comes at -1.81 pc against -3.21 pc in May
Jul 14, 2020, at 09:46 pm
New Delhi/UNI: The annual rate of inflation based on monthly Wholesale Price Index stood at -1.81 per cent for June as compared -3.21 per cent in May, according to data released by the government on Tuesday.
Passenger vehicle sales drop by 50 pc in June amid coronavirus lockdown
Jul 14, 2020, at 07:33 pm
Mumbai/IBNS: Car and sports utility vehicle (SUV) sales in the country dropped 49.59 per cent last month compared to the same period last year, said Society of Indian Automobile Manufacturers (SIAM) as coronavirus induced lockdown worsened the prevailing weak demand, said a media report.
Need funds urgently? A pre-approved personal loan may be the answer
Jul 14, 2020, at 06:51 pm
During these uncertain times, managing all your financial obligations may seem like a burden. And while the obvious solution may seem like dipping into your savings, it may not be the best option. A pre-approved personal loan may be the better answer to finding the money you need.
Jul 14, 2020, at 03:09 am
Mumbai/IBNS: Subramanian Sarma, CEO and MD of L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen & Toubro (L&T), has been inducted as Executive Director on the latter’s Board.
Tech Mahindra up by 5.60 pc to Rs 600.50
Jul 13, 2020, at 11:04 pm
Mumbai/UNI: Tech Mahindra on Monday rallied by 5.60 pc to Rs 600.50 a major gainer in 30 scrips of BSE.
Indian Market: Sensex ends up 99.36 pts
Jul 13, 2020, at 11:02 pm
Mumbai/UNI: The BSE Sensex on Monday jumped by 99.36 pts at 36,693.69 following gains in Energy, Telecom, IT and Technology stocks.
Toyota Kirloskar Motor announces innovative finance schemes for July
Jul 13, 2020, at 10:59 pm
Mumbai/UNI: Toyota Kirloskar Motor on Monday announced special finance offers and schemes to its customers in India.
Muthoot Finance launches cashback scheme for customers amid COVID-19
Jul 13, 2020, at 10:33 pm
Mumbai/UNI: Muthoot Finance largest gold loan NBFC launches special cashback scheme - Muthoot Online Money Saver programme(MOMS) for customers paying interest online.
Google to invest Rs 75,000 cr more to fast pace India's digital economy
Jul 13, 2020, at 09:33 pm
New Delhi/IBNS: Google Chief Executive Officer Sundar Pichai has said the company would invest an additional Rs 75,000 crore to accelerate the pace of India's digital economy and added that the company is "proud to support" Prime Minister Narendra Modi's vision.
Qualcomm ventures to invest Rs 730 crore in Jio platforms
Jul 13, 2020, at 03:37 am
Kolkata/UNI: Reliance Industries Limited and Jio Platforms Limited, announced on Sunday that Qualcomm Ventures, the investment arm of Qualcomm Incorporated, an industry leader in wireless technologies, has committed to invest upto Rs 730 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Emirates to slash 9000 employees: Report
Jul 11, 2020, at 10:39 pm
Aviation major Emirates might slash 9000 jobs, a top official has said.
Indian Market: Sensex surges by 572.91 pts during week
Jul 11, 2020, at 09:43 pm
Mumbai/UNI: Extending rally for the fourth consecutive week, the BSE Sensex zoomed up by 572.91 points or 1.59 per cent at 36,594.33 on strong global peers as investors focused on the prospect of economic recovery and progress on potential coronavirus drugs.
Economy showing signs of improvement but medium term outlook still uncertain: RBI Governor
Jul 11, 2020, at 08:35 pm
Mumbai/IBNS: RBI Governor Shakti Kanta Das has said the economy has started showing signs of improvement with the easing of over two months of strict lockdown but "a very careful trajectory" has to be followed after the pandemic is over.
Sensex surges by 572.91 pts during week
Jul 11, 2020, at 06:38 pm
Mumbai/ UNI: Extending rally for the fourth consecutive week, the BSE Sensex zoomed up by 572.91 points or 1.59 per cent at 36,594.33 on strong global peers as investors focused on the prospect of economic recovery and progress on potential coronavirus drugs.
Housing sales crash 66% in India in Q2 due to COVID: Study
Jul 11, 2020, at 06:08 pm
Kolkata/UNI: In a report released by PropEquity, India’s leading real estate data, research and analytics firm, sales or absorption of housing units dropped by 66% across top 9 cities in India in the second quarter of 2020 to 21,294 units versus 62,851 units in Q1 2020.
At $68 bn, Mukesh Ambani eclipses Warren Buffet's fortune
Jul 11, 2020, at 04:54 am
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has surpassed Warren Buffet as his net worth touched $68.3 billion on Thursday, according to the Bloomberg Billionaires Index, a Bloomberg report said.
Axis Bank declined by 3.14 per cent to Rs 439.50
Jul 10, 2020, at 10:55 pm
Mumbai/UNI: Axis Bank on Friday slipped by 3.14 per cent to Rs 439.50 a major loser in 30 scrips of BSE.