• 

  Approval from IRDAI on Axis Bank stake hike expected by March: Max Life CEO

  December 06, 2020 13:13 IST

  Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank's proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02 per cent with the subsidiaries of private sector lenders.

• 

  Term plan vs traditional insurance policy: Which is better and why

  June 29, 2021 12:55 IST

  Term insurance plans have become extremely popular in recent times. People are attracted to term plans over traditional life insurance policies because of high sum assured at very low premiums.

• 

  Bank unions lend support to farmers' agitation against new farm laws

  December 06, 2020 12:43 IST

  The All India Bank Employees' Association (AIBEA) in a statement said the government should come forward and resolve their demands in the interest of the nation and farmers.

• 

  Economy to reach pre-Covid-levels by end of FY2022: Niti Aayog

  December 06, 2020 11:44 IST

  India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.

• 

  Petrol price goes past Rs 83 per litre in Delhi, diesel at Rs 73; Rates hit 2-yr high

  December 06, 2020 11:41 IST

  Petrol price on Sunday was hiked by 28 paise per litre and diesel by 29 paise, the fifth straight day of increase in rates due to firming international oil prices. Petrol price in Delhi rose to Rs 83.41 per litre from Rs 83.13. Diesel rates went up from Rs 73.32 to Rs 73.61 per litre. Rates crossed Rs 90-mark for petrol and Rs 80 in case of diesel in Mumbai.

• 

  Centre's GST compensation formula gets nod from all states

  December 06, 2020 11:39 IST

  Jharkhand, the only remaining state, has now communicated its acceptance of Option-1 given by the Centre.

• 

  India's coal import drops 19% to 117 MT during Apr-Oct this fiscal

  December 06, 2020 11:28 IST

  India's coal import saw a drop of 18.6 per cent to 116.81 million tonnes (MT) during April-October this fiscal as against the same period a year ago. 

• 

  Alliance Air commences Mumbai-Goa daily direct flights

  December 05, 2020 16:05 IST

  Air India subsidiary Alliance Air on Saturday said it commenced daily direct flight operations from Mumbai to Goa. 

• 

  Burger King India IPO subscribed over 156 times on final day of share sale

  December 05, 2020 14:49 IST

  The portion meant for qualified institutional buyers (QIBs) was subscribed 86.64 times, non-institutional investors 354.11 times and retail individual investors (RIIs) 68.15 times.

• 

  Fuel on Fire! Petrol price at 2-year high of Rs 83 per litre, diesel at 73.32

  December 05, 2020 12:58 IST

  Petrol price on Saturday was raised by 27 paise per litre and diesel by 25 paise, according to a price notification of oil marketing companies.

• 

  Adar Poonawalla of Serum Institute of India among 6 ‘Asians of the Year’ named by Singapore daily

  December 05, 2020 10:17 IST

  Pune-based Serum Institute of India (SII) has collaborated with the University of Oxford and the British-Swedish pharmaceutical company AstraZeneca for making the Covid-19 vaccine, ‘‘Covidshield’‘, and is conducting trials in India.

• 

  Sensex rallies 447 pts to breach 45,000-mark for 1st time; Nifty tops 13,250

  December 04, 2020 16:39 IST

  Equity benchmark Sensex rallied 447 points to close above the 45,000-level for the first time on Friday, tracking strong buying sentiment in financial stocks after RBI's policy outcome.

• 

  Fuel Prices Today: Diesel crosses Rs 73-mark, petrol price nears Rs 83 in Delhi

  December 04, 2020 14:55 IST

  Petrol price in Delhi rose to Rs 82.86 per litre from Rs 82.66. Diesel rate went up from Rs 72.84 to Rs 73.07 per litre.

• 

  Fund Transfer: RTGS to be made available 24X7 in next few days, says RBI Governor

  December 04, 2020 13:18 IST

  Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month.

• 

  RBI projects 6.8 per cent retail inflation in December quarter

  December 04, 2020 11:52 IST

  CPI inflation rose sharply to 7.3 per cent in September and further to 7.6 per cent in October, RBI Governor Shaktikanta Das said while unveiling its bi-monthly monetary policy review.

• 

  RBI expects GDP to turn positive in third quarter, expand at 0.1 per cent

  December 04, 2020 12:19 IST

  In October, the RBI had projected the contraction in gross domestic product (GDP) at 9.5 per cent.

• 

  RBI hikes limit for contactless card transaction to Rs 5,000 from Rs 2,000

  December 04, 2020 11:30 IST

  RBI Governor Shaktikanta Das made the announcement while announcing the decisions taken by RBI's Monetary Policy Committee (MPC).

• 

  Markets rally on RBI decisions: Sensex crosses 45,000 for first time, Nifty above 13,200

  December 04, 2020 11:25 IST

  Sensex on Friday hit the 45,000-mark for the first after. The Nifty was trading over 13,200-mark as the Reserve Bank of India announced the monetary policy decisions.

• 

  Sensex jumps over 200 points ahead of RBI policy outcome; Nifty tests 13,200

  December 04, 2020 10:51 IST

  Equity benchmark Sensex jumped over 200 points in early trade on Friday tracking gains in index majors HDFC Bank, L&T and ICICI Bank ahead of the Reserve Bank of India's monetary policy outcome.

• 

  RBI Monetary Policy: RBI maintains status quo 3rd time in a row, keeps Repo Rate unchanged at 4%

  December 04, 2020 11:39 IST

  Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent and continued with its accommodative stance to support growth. The committee, which has cut rates by 115 basis points since the Covid-19 crisis hit in March, has kept rates on hold since May.

• 

  HCL's Roshni Nadar richest woman in India, check full list

  December 04, 2020 12:05 IST

  IT major HCL Technologies' Roshni Nadar Malhotra has topped a list of the richest women in the country with a networth of Rs 54,850 crore.

• 

  Tata may buy majority stake in Alibaba-backed BigBasket

  December 03, 2020 23:20 IST

  Tata Group may buy majority stake of upto 80 per cent in India's online grocery store BigBasket which is currently backed by China's Alibaba Group Holding Ltd.

• 

  Flipkart partially spins off PhonePe, Binny Bansal to join board of fintech co

  December 03, 2020 22:42 IST

  ​E-commerce major Flipkart on Thursday announced a "partial spin-off" of PhonePe as the digital payment firm raises USD 700 million in funding, valuing it at USD 5.5 billion.  

• 

  Nestle to spend USD 3.6 billion over next 5 years to cut carbon footprint

  December 03, 2020 22:33 IST

  Swiss Food company and drink major Nestle on Thursday said it would invest around USD 3.6 billion over the next five years to cut greenhouse gas emissions across its manufacturing locations.

• 

  Will Air India be owned by its employees? Here's how they plan to bid for national carrier

  December 04, 2020 0:09 IST

  Air India employees are preparing to bid for the national carrier in partnership with a private equity fund and each employee will be asked to contribute Rs 1 lakh towards the bid.

• 

  Burger King India IPO subscribed 9.38 times on second day of subscription

  December 03, 2020 20:32 IST

  ​Burger King India's initial public offer was subscribed 9.38 times on the second day of subscription on Thursday. The company's initial public offer (IPO) received bids for 69,86,61,250 shares against the total offer size of 7,44,91,524 shares, as per data available with the NSE.  

• 

  Months ahead of polls, Mamata Banerjee's big gift for govt staff - 3 per cent DA hike

  December 04, 2020 0:10 IST

  ​In a pleasant news for government employees in West Bengal, the Mamata Banerjee-led Trinamool Congress government has announced a 3 per cent hike in dearness allowance next month onwards.

• 

  HDFC Bank shares fall over 2 pc after RBI asks firm to halt launch of new digital initiatives

  December 03, 2020 18:11 IST

  Shares of HDFC Bank declined over 2 per cent on Thursday after the company said the Reserve Bank of India has asked it to temporarily stop all launches of its upcoming banking initiatives and issuing of new credit cards.