Business News

Port Blair, Oct 24 (UNI) The A & N State Cooperative Bank added another feather in it's cap by achieving the milestone profit of Rs. 7.20 Crores in the year 2020-21, revealed Mr. Kuldeep Rai Sharma, Vice Chairman of the Bank in his…

NEW DELHI: The Non-banking financial companies (NBFCs) cannot lend more than Rs 1 crore to a borrower for funding purchase of initial public offering (IPOs). This is part of a comprehensive set of rules for NBFCs approved on Friday by the…

NEW DELHI: Even when the Reserve Bank of India decided to maintain accommodative stance to focus on growth, its external member Jayant R Varma voted against accommodative stance, arguing that risk to inflation and growth is more aggravated…

NEW DELHI: Though its legacy business — oil-to-chemical (O2C) operations — continues to rake in big moolah for Reliance Industries, it has made rapid progress in expanding its new age businesses. The O2C segment accounted for 63% of the…

NEW DELHI: India’s leading private sector lender — ICICI Bank — has posted a strong set of numbers in the second quarter of the current financial year, signaling a sustained recovery of the banking sector as well as the economy. ICICI…

Owning a vehicle in India is not only a matter of pride, but it also brings with it a sense of independence. You use it to commute to work, to run daily errands, to take your family out for movies and to the shopping mall, and even…

While the Reserve Bank’s Monetary Policy Committee (MPC) retained the accommodative stance and kept the main policy rates unchanged in the review earlier this month, Jayanth R Varma, a member of the MPC, has strongly argued for tightening…

One97 Communications, the parent entity of Paytm, has received approval of the Securities and Exchange Board of India (Sebi) to launch the $2.2 billion (around Rs 16,600 crore) initial public offering (IPO), the largest in India’s corporate…

The Singapore International Arbitration Centre (SIAC) has turned down Future Retail’s plea to lift the interim stay on its Rs 24,700 crore deal with Reliance Retail, providing a boost to Amazon’s challenge that the deal was in violation of…

Reserve Bank of India Deputy Governor M Rajeshwar Rao on Friday cautioned that the failure of any large non-banking finance company (NBFC) or housing finance company (HFC) may translate into a risk to its lenders with the potential to…

New Delhi, Oct 22 (UNI) Mukesh Ambani-led Reliance Industries Ltd on Friday reported a consolidated net profit of ₹13,680 crore in the quarter ended 30 September, registering a 43% y-o-y jump over the ₹9,567 crore clocked in the…

There’s elation and there’s euphoria, and then there’s the unrestrained rapture that descends upon Bitcoin’s emboldened bulls whenever the cryptocurrency soars to a fresh record. Bitcoin was holding at about $64,650 as of 11:30 a.m. in…

Tesla Inc has urged Indian Prime Minister Narendra Modi’s office to slash import taxes on electric vehicles before it enters the market, four sources told Reuters, ratcheting up demands that faced objections from some Indian automakers.…

Petroleum and Natural Gas Minister Hardeep Singh Puri exuded confidence that the nation will become a $5-trillion economy by FY25 and reach the $10-trillion mark by 2030. Addressing a virtual conference of PAFI India on Thursday, Puri…

The government is likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements. The government in the Budget 2021-22 has made an allocation of Rs 20,000 crore for…

Following the order by the Singapore arbitration tribunal, Amazon.com Inc has filed a fresh plea in the Supreme Court against the National Company Law Tribunal’s (NCLT) order that allowed Future Retail (FRL) to hold meetings of its…

New York, Oct 21 (UNI/Sputnik) US stocks closed mostly high for a seventh day in a row on Thursday, with the S&P 500 and Nasdaq Composite index cruising to a record high, after electric carmaker Tesla reported bumper profits for the…

The second wave of Covid pandemic and the subsequent lockdown impacted the microfinance sector’s growth in the April-June quarter of the current financial year. The growth in the gross loan portfolio of microfinance lenders declined by 6.98…

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) fell for the second consecutive day on Wednesday amid a selloff across sectors. The S&P BSE Sensex cracked 456.09 points (0.74 per…

Petrol and diesel price today: After remaining steady for two consecutive days, petrol and diesel prices were hiked on Wednesday, October 20, 2021, hitting fresh record highs. In the national capital, the petrol and diesel prices each rose…