Browsing Category
Business News
Insurers rolling in money raised for crop cover
NEW DELHI: When the gross premium collected by insurance firms is more than the total value of the claims settled, you know insurance is a profitable business. But when insurance companies appear to be rolling in money generated from…
Xiaomi to offer full spectrum of financial services in India via partners
NEW DELHI: Xiaomi is bringing in offerings like gold loans, credit line cards and insurance products as it looks to provide the full spectrum of financial services across payment, lending and insurance in India, its India head Manu Jain…
IBA moves RBI seeking licence to set up Rs 6,000-crore National Asset Reconstruction Company
NEW DELHI: The Indian Banks' Association (IBA) has moved an application to the Reserve Bank of India (RBI) seeking licence to set up a Rs 6,000-crore National Asset Reconstruction Company Ltd (NARCL) or bad bank, according to sources.…
Market likely to be volatile this week; global factors to drive movement
NEW DELHI: India’s equity market benchmark indexes- BSE Sensex and NSE Nifty50- ended their bull run last week on account of negative global developments such as sooner-than-expected tapering in monetary stimulus by the US Federal Reserve,…
Why Is It Hard to Shift My Automatic Transmission Out of Park?
Vehicles with an automatic transmission might not have a clutch and a stick shift, but they can still have trouble shifting. At times, drivers may have trouble getting the car out of Park and into gear. Problems with shifting your automatic…
How to Clean Your Vehicle’s Headlights
Cars get old and if you’re part of the vast majority of Americans who own a set of wheels at least 11 years old, we’re pretty sure those front headlights could use a makeover. Clean headlights not only make your vehicle look like new, but…
Do I Need to Replace More Than One Tire at a Time?
Unlike the old days, when a pair of “snow tires” would be mounted to the drive wheels only for winter use, today we recognize that a vehicle should have four matching tires whether they be front tires or rear tires: same type, same model…
NK Singh succeeds former PM Manmohan Singh as IEG President
New Delhi, Aug 19 (UNI) A member of core group of advisors and strategists during India’s economic reforms of 1991 and Chairman of the 15th Finance Commission NK Singh has succeeded former Prime Minister Dr Manmohan Singh as President of…
Expensive Oil Changes Are Here to Stay
Compact car shoppers may not be too happy when their budget-friendly car requires a $40 — or more — oil change. Automakers including Honda and Toyota are almost exclusively switching from well-known 5W-30 and 10W-30 oils to low-friction,…
RBI issues revised norms for hiring of bank lockers
MUMBAI: The Reserve Bank of India on Wednesday came out with revised guidelines for the hiring of lockers under which the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by…
Indian economy rapidly normalising towards pre-pandemic levels: Kumar Mangalam Birla
NEW DELHI: The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, industrialist Kumar Mangalam Birla said on Wednesday.…
Indian cities slip on global rankings with dip in prime property prices in June
MUMBAI: Major Indian hubs, including Bengaluru, Delhi and the financial capital, have slipped in their rankings in a global list of cities prepared by a consultant every quarter, because of a decline in prime residential property prices in…
HDFC Bank shares shed early gains to close marginally lower on bourses
NEW DELHI: After giving up morning gains, shares of the country's leading private sector lender HDFC Bank closed marginally lower on the bourses on Wednesday.
The shares jumped nearly two per cent in early trade after the Reserve Bank's…
SC seeks responses from Centre, Trai on pleas against HC order upholding validity of tariff order
NEW DELHI: The Supreme Court Wednesday asked the Centre and Trai to file reply on pleas challenging the Bombay High Court verdict which had upheld validity of a tariff order passed by the regulator last year but struck down one condition…
How Often Should I Replace My Accessory Drive Belt?
Most vehicles have a rubber belt on the front of the engine that drives accessories such as the air-conditioning compressor, power steering pump and alternator. If this accessory drive belt (also called a V-belts or serpentine belts)…
Franklin Templeton’s shut schemes now have Rs 1,981 Cr cash for distribution
New Delhi: The six shut debt schemes of Franklin Templeton Mutual Fund have Rs 1,981.02 crore of cash available for distribution to the unit holders of the schemes.
So far, the fund house has distributed Rs 21,080.34 crore to the…
Tata Motors delivers 10 Nexon EVs to Gujarat govt
New Delhi: Automobile manufacturer Tata Motors, as part of its tender agreement with EESL, has handed over 10 Nexon EVs for use by senior officials of Gujarat government.
According to the company, these officials are associated with the…
British Airways increases India-UK flight services
New Delhi: British Airways on Tuesday said that it has increased flights between India and the UK.
According to the airline, starting August 16, 2021, flight services have been increased from 10 to 20 per week.
The airline said that…
Retail sales in July stood at 72% of pre-pandemic levels
New Delhi: With the gradual lifting of lockdowns across several states, retail sales in India have improved and in July 2021, they stood at 72 per cent of the pre-pandemic levels of July 2019, according to a survey by the Retailers…
CBIC streamlines process for De-notification of ICDs and CFSs
New Delhi: Providing relief to custodians of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) across the country, the Central Board of Indirect Taxed and Customs (CBIC) on Tuesday streamlined the procedure of…
