SAIL emerges as largest miner for steel making input minerals in FY 2019-20

May 01, 2020, at 07:57 pm

New Delhi/UNI: Public sector steel major Steel Authority of India (SAIL) has emerged as the largest miner for steel making input minerals in FY 2019-20.While Coal India Limited is the overall largest miner in the country, SAIL is involved in mining of iron ore, fluxes (limestone and dolomite), coking coal and non-coking coal for its internal requirements and has become next to Coal India Limited in mining in India in 2019-20.Iron ore, fluxes and coal are essentially required for making steel in integrated steel plants.

LPG non-subsidised cylinder price slashed by Rs 162

May 01, 2020, at 02:58 pm

New Delhi/UNI: The government on Friday slashed prices of LPG cylinder by Rs 162 giving a breather to people who are struggling to cope with economic crisis as a result of lockdown imposed to curb the spread of global pandemic Coronavirus.

Strides annonces that it commenced export of Favipiravir Antiviral Tablets developed by it

May 01, 2020, at 02:55 pm

Kolkata/IBNS: Strides Pharma Science Limited (Strides), a global pharmaceutical company, has announced that it has developed and commercialized Favipiravir Antiviral tablets.

Bata donates one million pairs of shoes to health care workers, volunteers and their families during Covid-19 crisis

May 01, 2020, at 02:39 pm

Delhi/IBNS: Famous footwear brand, Bata Group recently said that has donated one million pairs of shoes to health care workers, volunteers and their families, the front-liners fighting the Covid-19.

New Zealand gov't boosts cashflow support for small businesses

May 01, 2020, at 01:22 pm

Wellington/Xinhua/UNI: The New Zealand government will provide interest free loans for a year to small businesses impacted by the COVID-19 economic shock to support their immediate cashflow needs and meet fixed costs.

Amazon announces Q1 sales increase with promise to spend Q2 profit on virus response

May 01, 2020, at 12:51 pm

San Fransisco/Xinhua/UNI: Amazon on Thursday announces a 26 percent jump in sales in the first quarter, pledging to spend entire second-quarter operating profit on coronavirus response.

COVID-19 lockdown: Maruti Suzuki registers zero domestic sales fir first time ever

May 01, 2020, at 11:35 am

Mumbai/IBNS: India's top carmaker Maruti Suzuki on Friday said it has registered zero monthly sales in April.

Vedanta enables mass production of Personal Protective Equipment (PPEs) in Gurugram

Apr 30, 2020, at 07:47 pm

Kolkata/UNI: In a move aimed at supporting frontline healthcare workers and doctors during Covid19 times, Vedanta Limited, one of the world’s leading Oil & Gas and Metals company has enabled mass production of Personal Protective Equipment (PPEs) in Gurugram.

Sensex soars 997.46 points

Apr 30, 2020, at 07:37 pm

Mumbai/UNI: The BSE Sensex extended its rally for the fourth straight session on Thursday, shooting up 997.46 points, breaching 33K level to 33,717.62 as buying was witnessed across-the-board amid positive global cues.

Techstars Bangalore concludes 2020 class

Apr 30, 2020, at 05:42 pm

Bengaluru/IBNS: The sophomore class of the mentorship-driven Techstars Bangalore Accelerator concluded the 2020 programme here today with a virtual version of Demo Day, featuring 10 innovative startups.

Britannia launches a WhatsApp based ‘Store Locator’, enables consumers to shop for its products nearby

Apr 29, 2020, at 10:33 pm

Kolkata/IBNS: Britannia Industries Ltd has launched a ‘Store Locator’ service to enable consumers to find their favourite Britannia products in stores nearby.

HDFC up by 6.55 pc to Rs 1828

Apr 29, 2020, at 04:27 pm

Mumbai/UNI: HDFC on Wednesday shot up by 6.55 pc to Rs 1828 was the major gainer in 30 scrips of BSE.

ICICI Bank deploys mobile ATM in Ahmedabad, which offers all facilities of a regular ATM

Apr 29, 2020, at 03:08 pm

Ahmedabad/IBNS: ICICI Bank has deployed a mobile ATM in Ahmedabad to facilitate key banking services among customers as the city remains under lockdown mode due to the Covid-19 pandemic

Bharti AXA General joins hands with PolicyBazaar to sell 'Pay As You Drive' Motor Insurance

Apr 29, 2020, at 03:02 pm

Kolkata/IBNS: Bharti AXA General Insurance announced on Wednesday that it has entered into a partnership with leading web aggregator PolicyBazaar.com to sell ‘Usage-based Motor Insurance’ policies for private car owners under the regulatory Sandbox project.

Indian Market: Sensex up 296 points

Apr 29, 2020, at 12:36 pm

Mumbai/UNI: The BSE Sensex remained strong for the third straight session on Wednesday, as it advanced by 296 pts to 32,410.55 in opening session on brisk buying in finance, utilities, power and metal stocks amid mixed trend in global market.

Indian Rupee up by 24 paise against USD

Apr 29, 2020, at 11:41 am

Mumbai/UNI: The Rupee on Wednesday surged by 24 paise to 75.95 against the US dollar in opening session on selling of US dollar by bankers and exporters, dealers at Forex Market said.

COVID-19: British Airways to cut up to 12,000 jobs

Apr 29, 2020, at 10:51 am

London/IBNS: With COVID-19 outbreak hitting the aviation industry hard, the British Airways on Tuesday announced it is set to slash up to 12,000 jobs from its 42,000-strong workforce.

Food security and healthcare are top priorities in the pandemic struck world say panelists at Bengal Chamber's online meeting

Apr 28, 2020, at 10:23 pm

Kolkata/IBNS: A global recovery is essential now in the light of the havoc being wrought by the Covid-19 pandemic on people's lives and business, said Deb A Mukherjee, President Designate, The Bengal Chamber of Commerce.

Sensex registers over 370 pts hike, crosses 32k mark

Apr 28, 2020, at 09:24 pm

Mumbai/UNI: The BSE Sensex gained 371.44 pts to touch 32k level and reach 32,114.52 as brisk buying was witnessed in finance, bankex, realty and oil and gas stocks.

Max Life to be 70:30 joint venture between Max Financial Services & Axis Bank

Apr 28, 2020, at 09:14 pm

New Delhi/UNI: Axis Bank Limited and Max Financial Services Limited on Tuesday announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company Limited (Max Life).

The 100 per cent Digital Health EMI Network Card from Bajaj Finserv

Apr 28, 2020, at 09:06 pm

PUNE, India/PRNewswire-- The funds allocated towards healthcare by the 2020 Union Budget were 5.7% lower than the amount apportioned last year. This combined with the fact that healthcare inflation in India is believed to be increasing at double the rate of retail inflation and that about 56% of Indians don't have any health insurance reveals the stark nature of healthcare finance in the country. To address this deficiency and make medical care more accessible and hassle-free, Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, offers a Digital Health EMI Network Card.

India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response

Apr 28, 2020, at 05:54 pm

New Delhi/IBNS: The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.

Airtel, Nokia sign multi-year deal to boost network capacity and customer experience

Apr 28, 2020, at 12:11 pm

Espoo/IBNS: Nokia and Bharti Airtel on Tuesday announced a multi-year agreement to deploy Nokia’s SRAN solution across 9 circles1 in India, helping Airtel to enhance the network capacity of its networks, in particular 4G, and improve customer experience.

Indian Market: Sensex rallies 358 pts

Apr 28, 2020, at 11:52 am

Mumbai/UNI: Extending gains further on Tuesday, the Sensex rallied by 358 pts to open at 32,101.91 on brisk buying in finance, bankex, auto and metal stocks amid global cues.

Indian Rupee falls 7 paise against USD

Apr 28, 2020, at 11:46 am

Mumbai/UNI: Rupee on Tuesday opened on a weak note at 76.31, down by seven paise against the US dollar on rising demand for US dollar by bankers and importers, dealers at Forex Market said.

Lockdown income-loss forces workers to lay hands on Provident Fund savings

Apr 28, 2020, at 12:07 am

Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.

SAIL continues to be at forefront of India’s fight against Corona

Apr 27, 2020, at 07:34 pm

New Delhi/UNI: Steel Authority of India Limited (SAIL) continues to be at the forefront of India’s fight against COVID-19.Under the guidance of Steel Minister Dharmendra Pradhan, SAIL has contributed Rs 4 crore to four states -- Jharkhand, Odisha, Chhattisgarh and West Bengal where its five integrated steel plants are located.

Indian Market: Sensex regains 415.86 pts

Apr 27, 2020, at 04:55 pm

Mumbai/UNI: The BSE Sensex on Monday rallied by 415.86 points to end at 31,743.08 following gains in Bankex, Finance, FMCG and Realty stocks amid positive global cues.

IndusInd Bank moves up by 6.33 pc to Rs 407.35

Apr 27, 2020, at 04:50 pm

Mumbai/UNI: IndusInd Bank on Monday advanced by 6.33 per cent to Rs 407.35 to be the major gainer in 30 scrips of BSE.

US oil futures move down by over 7 pc amid oversupply concerns

Apr 27, 2020, at 03:00 pm

New York/UNI: Oil prices dropped noticeably Sunday night with the US benchmark down more than 7 percent amid persistent oversupply concerns.