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Headline
BSE's Q1 consolidated net profit at over Rs 32 cr
Mumbai, Aug 3 (IANS) Stock market major BSE on Monday reported a consolidated net profit of Rs 32.48 crore for the first quarter (Q1) of 2020-21.
2020-08-03
Category: India, Maharashtra,Business/Economy
US stocks open higher as tech sector leads
New York, Aug 3 (IANS) US stocks opened higher on Monday, bolstered by solid gains in big tech names.
2020-08-03
Category: International, United States,Business/Economy
India restricts entry of Chinese firms in commercial coal mine auctions
New Delhi, Aug 3 (IANS) The government has restricted participation of companies from countries sharing a land border with India in the ongoing auction of coal mines for commercial extraction by the private sector.
2020-08-03
Category: India, Delhi,Business/Economy,Diplomacy
Moody's upgrades Yes Bank's ratings on fund raising
Mumbai, Aug 3 (IANS) Credit ratings agency Moody's Investors Service has upgraded Yes Bank's long-term foreign currency issuer rating to 'B3' from 'Caa1' after the bank recently raised Rs 15,000 crore through a further public offering (FPO).
2020-08-03
Category: India, Maharashtra,Business/Economy
Rise in Covid cases, rate cut uncertainty subdues equity market
Mumbai, Aug 3 (IANS) A rise in Covid-19 cases, along with uncertainty over the Reserve Bank's rate cut decision, subdued the Indian equity market on Monday.
2020-08-03
Category: India, Maharashtra,Business/Economy
Real estate sentiments at record low in April-June: Report
New Delhi, Aug 3 (IANS) Sentiments in the real estate sector were at a record low in the second quarter of 2020, according to a report.
2020-08-03
Category: India, Delhi,Business/Economy
Covid continues to dent India's factory output in July: PMI
New Delhi, Aug 3 (IANS) Subdued demand conditions, on back of the Covid-19 pandemic, continued to dent India's manufacturing sector output in the month of July.
2020-08-03
Category: India, Delhi,Business/Economy
Sebi issues procedural guidelines for proxy advisors
Mumbai, Aug 3 (IANS) The Securities and Exchange Board of India (SEBI) on Monday came up with a set of procedural guidelines for proxy advisors.
2020-08-03
Category: India, Maharashtra,Business/Economy
Air India pilots allege blatant discrimination by management
New Delhi, Aug 3 (IANS) Alleging blatant discrimination by Air India's Personnel and Finance Departments, the pilots have told the national carrier's management that if such behaviour continues unchecked, the Director, Personnel will be responsible for the consequences.
2020-08-03
Category: India, Delhi,Business/Economy
Experts' panel for development of int'l retail business in IFSC
New Delhi, Aug 3 (IANS) The International Financial Services Centres Authority (IFSCA) on Monday announced the creation of a seven-member committee of experts for the development of international retail business in the International Financial Services Centre (IFSC).
2020-08-03
Category: India, Delhi,Business/Economy
RBI booster: Rate cut expected even as inflation soars (MPC Meet Preview)
Mumbai, Aug 3 (IANS) The Reserve Bank is expected to administer another dose of lending rate cuts to boost the revival process from the Covid-19-induced economic downturn.
2020-08-03
Category: India, Maharashtra,Business/Economy
Bandhan Bank promoter sells 21% stake to meet RBI norm
Mumbai, Aug 3 (IANS) Bandhan Financial Holdings Limited has lowered its stake in Bandhan Bank by 20.95 per cent through a block deal to meet the Reserve Bank of India's (RBI) licensing norms for new private sector banks.
2020-08-03
Category: India, Maharashtra,Business/Economy
'FY21 likely to see de-growth in domestic air passenger traffic'
New Delhi, Aug 3 (IANS) Domestic air passenger traffic is likely to witness a de-growth by 41-46 per cent during 2020-21, rating agency ICRA said.
2020-08-03
Category: India, Delhi,Business/Economy
Covid hits IT appeal process, Lucknow CAs want hearings put off till Dec
New Delhi, Aug 3 (IANS) The Covid-19 pandemic is hitting the new initiative of expeditious disposal of Income Tax appeals as chartered accountants have sought a delay in hearing of such appeals till November.
2020-08-03
Category: India, Delhi,Business/Economy
TikTok parent to shift HQ from Beijing to London: Report
London, Aug 3 (IANS) Chinese unicorn ByteDance which owns the popular short video-sharing app TikTok has received approval from the British government to move its headquarters from Beijing to London, The Sun newspaper reported.
2020-08-03
Category: International, United Kingdom,Business/Economy,Diplomacy,Technology
TikTok-MS deal must not involve India user data: Think-tank
New Delhi, Aug 3 (IANS) With Microsoft confirming its intent to buy TikTok in the US, Canada, Australia and New Zealand, India should ensure that any possible deal between the two companies did not include data of Indian users, a New Delhi-based think-tank said on Monday.
2020-08-03
Category: India, Delhi,National,Politics,Technology,Business/Economy
Over 40 cr bank accounts opened under PMJDY
New Delhi, Aug 3 (IANS) Six years after the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY), there are over 40 crore beneficiaries of the scheme, according to government data.
2020-08-03
Category: India, Delhi,Business/Economy
COVID-19 fallout: Fiscal deficit may rise 6.8 pc of GDP in FY21
New Delhi, Aug 3 (IANS) With economic disruptions set for a long haul due to COVID-19 pandemic, India could see its fiscal deficit this year to balloon to over 6.8 per cent of Gross Domestic Product (GDP), brokerages analysing the first quarter deficit numbers have said.
2020-08-03
Category: India, Delhi,Business/Economy
Global economy may lose over $100 bn of remittances in 2020
New Delhi, Aug 3 (IANS) As the world goes through an unprecedented recession amid the pandemic, global remittances may fall by $108.6 billion in 2020 if the economic impact of Covid-19 persists throughout the year, says a report by the Asian Development Bank (ADB).
2020-08-03
Category: India, Delhi,Business/Economy
Covid continues to dent India's factory output in July
New Delhi, Aug 3 (IANS) Subdued demand conditions on the back of Covid-19 outbreak continued to dent India's manufacturing sector output in the month of July.
2020-08-03
Category: India, Delhi,Business/Economy
ICICI Bank cuts lending rates by 10 bps across tenors
Mumbai, Aug 3 (IANS) ICICI Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors with effect from August 1.
2020-08-03
Category: India, Maharashtra,Business/Economy
Bank of India's Q1 consolidated net profit surges to Rs 846 cr
Mumbai, Aug 3 (IANS) Bank of India on Monday reported over five-fold increase in its consolidated net profit for the April-June quarter at Rs 845.78 crore.
2020-08-03
Category: India, Maharashtra,Business/Economy
Bajaj Auto reports 33% decline in July sales
Mumbai, Aug 3 (IANS) Covid-19 induced economic turbulence pulled down two-an d three-wheeler manufacturer Bajaj Auto's total sales in July by 33 per cent on a year-on-year basis.
2020-08-03
Category: India, Maharashtra,Business/Economy
Gold futures surge as international prices hit new high
Mumbai, Aug 3 (IANS) Bull run in domestic gold futures continued on Monday as prices in the international market surged to new highs.
2020-08-03
Category: India, Maharashtra,Business/Economy
Telangana's initiative to help start-ups with post-COVID rejig draws good response
Hyderabad, Aug 3 (IANS) Rejig.HydStartups, an initiative by the Telangana State Innovation Cell (TSIC) and T-Incubators & Enablers to support start-ups in reimagining and repositioning their business model post-COVID-19 pandemic, has received more than 300 applications and 100 start-ups have been selected to be part of the mentoring programme, it was announced on Monday.
2020-08-03
Category: India, Andhra Pradesh,National,Business/Economy
Petrol, diesel prices unchanged on Monday
New Delhi, Aug 3 (IANS) After hefty Rs 8.38 per litre cut in diesel price in the national capital on Friday, the oil marketing companies have gone on a pause mode keeping auto fuel prices unchanged on Monday, the third successive day when auto fuel prices have not been revised.
2020-08-03
Category: India, Delhi,Business/Economy
Sensex loses over 400 points, Nifty below 11,000 mark
Mumbai, Aug 3 (IANS) The key Indian equity indices declined on Monday morning with the BSE Sensex losing over 400 points and the Nifty50 on the National Stock Exchange (NSE) falling below the 11,000 mark.
2020-08-03
Category: India, Maharashtra,Business/Economy
Microsoft confirms talks to acquire TikTok by September 15
San Francisco, Aug 3 (IANS) Microsoft has officially confirmed it is in talks to acquire the operations of video-sharing platform TikTok in the US, Canada, Australia and New Zealand markets following a conversation between Microsoft CEO Satya Nadella and President Donald Trump.
2020-08-03
Category: International, Costa Rica,Business/Economy,Technology
CAPSI seeks service tax exemption for private security services
New Delhi, Aug 2 (IANS) The Central Association of Private Security Industry (CAPSI) has written to Prime Minister Narendra Modi, seeking exemption of the sector from the payment of service tax.
2020-08-02
Category: India, Delhi,Business/Economy
SpiceJet brings back 269 Indians from Amsterdam
New Delhi, Aug 2 (IANS) SpiceJet operated its maiden long-haul charter flight bringing back home 269 Indians from Amsterdam to Bengaluru and Hyderabad on Sunday.
2020-08-02
Category: India, Delhi,Business/Economy,Human Interest/Society
AEPC seeks further hike in outstanding dues limit for ECLGS
New Delhi, Aug 2 (IANS) The Apparel Export Promotion Council (AEPC) has urged the government to increase the limit of outstanding dues for MSMEs for availing loans under the Emergency Credit Line Guarantee Scheme (ECLGS) to Rs 100 crore.
2020-08-02
Category: India, Delhi,Business/Economy
MSME Minister approves scheme for 'agarbatti' production
New Delhi, Aug 2 (IANS) Union Minister for Micro, Small & Medium Enterprises (MSME) Nitin Gadkari has approved a scheme to raise production of 'agarbatti' (incense sticks) and become self-reliant on that front.
2020-08-02
Category: India, Delhi,National,Business/Economy,Politics
BSNL launches 'Bharat Air Fibre' service in Maharashtra
New Delhi, Aug 2 (IANS) State-run BSNL on Sunday launched 'Bharat Air Fibre' services at Akola in Maharashtra allowing the residents of Akola and Washim districts to get wireless internet connections on demand.
2020-08-02
Category: India, Delhi,Business/Economy
Avoid kite flying near electrical installations on I-Day: BSES
New Delhi, Aug 2 (IANS) Power discom BSES has issued an advisory asking people in the national capital not to fly kites near electrical installations on Independence Day.
2020-08-02
Category: India, Delhi,Business/Economy
Hefty corona cess by states halves liquor sales: CIABC
New Delhi, Aug 2 (IANS) The Confederation of Indian Alcoholic Beverage Companies (CIABC) has said liquor sales have declined more than half in states that imposed heavy corona cess to raise revenue.
2020-08-02
Category: India, Delhi,National,Business/Economy
SpiceJet brings back 269 Indians from Amsterdam
New Delhi, Aug 2 (IANS) SpiceJet operated its maiden long-haul charter flight bringing back home 269 Indians from Amsterdam to Bengaluru and Hyderabad on Sunday.
2020-08-02
Category: India, Delhi,Business/Economy
IRB Infra receives LoA for Vadodara-Mumbai Expressway stretch
New Delhi, Aug 2 (IANS) IRB Infrastructure Developers on Sunday said that it has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for constructing the Gandeva-Ena stretch of the Vadodara-Mumbai Expressway.
2020-08-02
Category: India, Delhi,Business/Economy
NITI Aayog suggests creation of Dak Bank
New Delhi, Aug 2 (IANS) In a bid to further deepen financial inclusion in the country, the NITI Aayog has suggested the creation of a Dak Bank -- postal bank -- by merging the regional rural banks, among other recommendations to the government.
2020-08-02
Category: India, Delhi,Business/Economy
Petrol, diesel prices remain unchanged
New Delhi, Aug 2 (IANS) Petrol and diesel prices remained unchanged across metro cities on Sunday.
2020-08-02
Category: India, Delhi,Business/Economy
Kuwait resumes commercial flights after months of suspension
Kuwait City, Aug 2 (IANS) Kuwait has resumed commercial flights after remaining suspended for months due to the COVID-19 pandemic, the country's civil aviation authorities said.
2020-08-02
Category: International, United Arab Emirates,Business/Economy
Israel to resume int'l flights on Aug 16
Jerusalem, Aug 2 (IANS) Israel will resume international flights on August 16, Minister of Transport Miri Regev announced.
2020-08-02
Category: International, Israel,Business/Economy
SEBI diktats cause unease in markets, brokers petition Finance Ministry
New Delhi, Aug 2 (IANS) The Finance Ministry may soon have a decision to make, whether to encourage retail investors participation in the stock market through direct trading or to discourage them as seems to be the case with recent diktats on margins and intra day trading by the regulator, Securities and Exchange Board of India (SEBI) which have introduced a sense of unease among the broking community and retail investors.
2020-08-02
Category: India, Delhi,Business/Economy
US equities post mixed weekly results amid Fed decision
New York, Aug 2 (IANS) Wall Street's major averages posted mixed results in the week as investors digested the US Federal Reserve's latest policy statement and a slew of grim economic data.
2020-08-02
Category: International, United States,Business/Economy
Fitch cuts US credit outlook to "negative" from "stable"
Washington, Aug 2 (IANS) Fitch Ratings, a US credit rating agency, said that it has lowered the country's economic outlook to "negative" from "stable" due to high budget deficits, but kept its overall rating at the highest "AAA" level.
2020-08-02
Category: International, United States,Business/Economy
Awami League leader hacked to death in Bangladesh
Dhaka, Aug 1 (IANS) A 48-year-old college professor and leader of the ruling Awami League party was hacked to death by some unidentified bike-borne miscreants at Tangail's Gopalpur area, the police said on Saturday.
2020-08-01
Category: International, Bangladesh,National,Defence/Security,Diaspora,Diplomacy,Crime/Disaster/Accident,Business/Economy
Need for personal mobility revs up auto industry's sales (Roundup)
New Delhi, Aug 1 (IANS) The increasing need for personal mobility due to the Covid-19 pandemic along with healthy rural demand accelerated the sales momentum of automobile industry in the month of July.
2020-08-01
Category: India, Delhi,Business/Economy
K'taka trade body urges CM to handhold real estate sector
Bengaluru, Aug 1 (IANS) State trade body, Federation of Karnataka Chambers of Commerce and Industry (FKCCI), has appealed to Chief Minister B.S. Yediyurappa to handhold the real estate industry battered in Covid pandemic and asked for a uniform stamp duty for properties costing above Rs 35 lakh, an official said on Saturday.
2020-08-01
Category: India, Karnataka,Business/Economy
Rate woes: Rupee to weaken as further repo cut expected
New Delhi, Aug 1 (IANS) A likely cut in repo rate will weaken the Indian rupee, which has lately been supported by healthy fund inflows.
2020-08-01
Category: India, Delhi,Business/Economy
HMSI's sequential domestic dispatch up 53% in July
New Delhi, Aug 1 (IANS) The increasing demand for personal mobility in the COVID-19 era pushed Honda Motorcycle & Scooter India's (HMSI) domestic dispatch higher by 53 per cent in July on a sequential basis.
2020-08-01
Category: India, Delhi,Business/Economy
Odisha witnesses positive growth rate in GST collection
Bhubaneswar, Aug 1 (IANS) Despite lockdown due to COVID-19, the Goods and Services Tax (GST) collection in Odisha has witnessed a positive growth rate for the first time during the current financial year in the month of July, said an official on Saturday.
2020-08-01
Category: India, Orissa,National,Business/Economy