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Your Fixed Deposit: RBI tweaks five year old policy on term deposits
Mumbai: The Reserve Bank of India on Friday has tweaked a five year policy concerning term deposits.
The apex bank has directed banks to pay interest on unclaimed amount left by consumers in the term deposit. The interest charged should…
No changes in FDI policy for e-commerce, clarifications soon: Goyal
New Delhi: The government will not make any changes in the much talked-about foreign direct investment (FDI) policy for e-commerce, said Union Commerce Minister Piyush Goyal on Friday, adding that they will soon come up with further…
Home sales rise across top cities, NCR remains outlier: Report
New Delhi: Housing sales rose by 23 per cent across the top seven cities in India in the first five months of 2021 to 1,32,818 units, according to a report released by PropEquity, a real estate data, research and analytics firm.
During the…
No proposal to reduce excise duty on petroleum products: FM
Union Finance Minister Nirmala Sitharaman on Friday ruled out any cut in excise duty levied on petroleum products for now.
RBI warns against combination of high public debt, low interest rates
Mumbai: As economies around the world witness ultra-low interest rates and rising public debt amid the pandemic, the Reserve Bank of India (RBI) has said that the combination would pose challenges.
The pandemic response saw a tight…
Apple now Google’s largest corporate client for cloud storage
San Francisco: Apple has dramatically increased the amount of data that it stores on Google's cloud services, suggesting that its storage needs have grown faster than it can handle with its servers, the media reported.
As of May, Apple was…
SEBI bans ‘Profitsaim’ for unregistered investment advisory
Mumbai: The Securities and Exchanges Board of India (SEBI) has barred an unregistered investment advisory firm Profitsaim and its proprietor Syed Ayaz from the stock markets for a period of two years for providing unauthorised investment…
Industrial AI firm Detect Technologies raises $12 mn
New Delhi: Industrial AI company Detect Technologies on Wednesday said it has raised $12 million led by Accel to enhance industrial productivity globally.
The funding round saw significant participation from existing investor Elevation …
IRFC posts 126 pct jump in Q4 net profit at Rs 1,483 crore
New Delhi: Indian Railway Finance Corporation (IRFC) on Wednesday reported 126 per cent growth in the profit for Q4 FY21 at Rs 1,483 crore as compared to Rs 655 crore reported in the same period of previous fiscal.
The net profit for…
SEBI board okays tightened norms regarding Independent Directors
Mumbai: In a bid to bring in transparency and more corporate discipline in terms of Independent Directors, the SEBI board on Tuesday approved amendments to regulations regarding Independent Directors (ID).
As per the amended norms to be…
SEBI to introduce framework for ‘Accredited Investors’ in securities market
Mumbai: The SEBI board on Tuesday approved a proposal to introduce a framework for Accredited Investors in the Indian securities market.
'Accredited Investor' is a term referred to a class of investors who may be considered to be well…
FM asks ministries to frontload capital expenditure
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday asked the ministries and respective departments to make efforts to frontload capital expenditure.
The minister held a virtual meeting with senior government officials to discuss…
SC asks states, UTs to implement ‘One Nation One Ration card’ till Jul 31
New Delhi, Jun 29 (UNI) Issuing a slew of directions relating to the welfare of migrant workers due to COVID-19, the Supreme Court on Tuesday directed the state governments and Union Territories to implement the 'One Nation, One Ration…
How independent are Independent Directors of PSUs? Half from BJP
Maharatna, navratna, mini-ratnas -- of 172 Independent Directors on 98 PSU boards, as many as 86 have ties to ruling party, an investigation shows.
WhatsApp appoints Manesh Mahatme as Head of Payments in India
Mumbai, Jun 28 (UNI) WhatsApp has appointed Manesh Mahatme to head the growth of its Payments business in India. As Director WhatsApp Payments - India, Manesh will focus on enhancing the payments experience for users, scaling the service…
CtrlS bags the prestigious US Green Building Council leadership award
MUMBAI and HYDERABAD, June 28, 2021 /PRNewswire/ -- CtrlS, Asia's largest Rated-4 Hyperscale Datacenter announced that it has been awarded the most prestigious USGBC Regional Leadership Award recipient by the U.S. Green Building Council…
ASSOCHAM seeks priority vaccination for Travel, Tourism, hospitality sector
Chandigarh, Jun 28 (UNI) Sharing concerns of the travel and tourism industry over a devastating economic impact of Covid-19 on the highly job-oriented sector, ASSOCHAM has reached out to the government seeking an urgent relief package,…
RailTel Corporation of India bags an order worth Rs 89.09 Cr
Mumbai, Jun 25 (UNI) RailTel Corporation of India Ltd has received a work order amounting to Rs. 89.09 Crores (Inclusive of 18 pc GST) from Indian Air Force (AFNET), according
to company sources.
The work order is related to providing…
S&P500, Nasdaq hit record highs as Biden announces US infra deal
New York, Jun 25 (Sputnik) US stocks rallied hard for a third time in a week on Thursday, with the S&P500 and tech-laden Nasdaq Composite indexes soaring to record highs after President Joe Biden announced a bipartisan infrastructure…
NASSCOM welcomes government’s commitment towards Ease of Doing Business
Kolkata, Jun 23 (UNI) Nasscom on Wednesday welcomed the government’s commitment towards Ease of Doing Business, and it’s focus on the IT-BPM sector’s sustainable future.
“We congratulate the IT Minister, Shri RS Prasad for this landmark…
