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  RBI imposes Rs 23 lakh fine on THESE co-operative banks

  June 21, 2021 20:09 IST

  The RBI said the penalties have been imposed due to deficiencies in regulatory compliance, and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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  From discounts to bigger savings: Businesses offer incentives to customers to get vaccinated

  June 21, 2021 18:34 IST

  ​When India started its COVID-19 vaccination drive in January, not many would have imagined that a jab could not just protect them against the deadly disease but also get them a discount on their favourite food, ensure extra savings on groceries and even a higher rate of interest on bank deposits.

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  Gold Price Today: Gold rises Rs 250, silver jumps Rs 258

  June 21, 2021 17:00 IST

  Gold prices rose by Rs 250 to Rs 46,277 per 10 gram in the national capital on Monday in line with a rebound in global precious metal prices and rupee depreciation, according to HDFC Securities. 

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  India receives $64 bln FDI in 2020, fifth largest recipient of inflows in world: UN

  June 21, 2021 14:41 IST

  The World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD), released Monday, said global FDI flows have been severely hit by the pandemic and they plunged by 35 per cent in 2020 to USD 1 trillion from USD 1. 5 trillion the previous year

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  PNB Housing Finance approaches SAT against Sebi order to halt Carlyle deal

  June 21, 2021 10:44 IST

  On June 18, Securities and Exchange Board of India (Sebi) had written a letter to the company asking it to ensure compliance before going ahead with the proposal.

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  Sensex tanks nearly 600 points in early trade; Nifty below 15,600

  June 21, 2021 10:18 IST

  In the previous session, Sensex ended 21.12 points or 0.04 per cent higher at 52,344.45, while Nifty inched 8.05 points or 0.05 per cent lower to 15,683.35.

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  SEBI asks PNB Housing to halt Rs 4,000 crore preferential issue of shares

  June 20, 2021 13:04 IST

  The company received a letter from the capital market regulator on June 18 calling it to comply with the legal provisions in the matter.

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  Fuel prices hiked again: Petrol nears Rs 100 in Patna after Mumbai, diesel tops Rs 101 in Rajasthan

  June 20, 2021 12:30 IST

  Petrol is selling for Rs 97.22 per litre in Delhi on Sunday, up from Rs 96.93 on Saturday.

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  Women now comprise 41% of global supply chain workforce

  June 20, 2021 10:20 IST

  Women comprise 41 percent of the supply chain workforce globally in 2021, up from 39 percent last year, according to a new survey.

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  H-1B approval rates for Infosys has significantly increased, says COO

  June 19, 2021 23:41 IST

  IT major Infosys on Saturday said it has seen approval rates for its H-1B visa applications in the US increase significantly starting from the first quarter of FY21. 

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  Free LPG Connection: Govt to disburse 10 mn LPG connections under PMUY scheme in June

  June 19, 2021 15:11 IST

  The Ministry of Petroleum and Natural Gas is expected to disburse free LPG connection to 10 million beneficiaries under Pradhan Mantri Ujjwala Yojana (PMUY) scheme.

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  Boeing completes successful first flight of 737-10

  June 19, 2021 12:45 IST

  Global aerospace major Boeing has completed a successful first flight of -- 737-10 -- the largest airplane in the 737MAX family.

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  Indians' funds in Swiss banks: Govt seeks details from Swiss authorities

  June 19, 2021 11:14 IST

  In its statement, the ministry said the figures "do not indicate the quantum of much debated alleged black money held by Indians in Switzerland. Further, these statistics do not include the money that Indians, NRIs or others might have in Swiss banks in the names of third-country entities."

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  BharatPe in talks to raise $250M led by Tiger Capital: Report

  June 19, 2021 10:51 IST

   In January, BharatPe had raised Rs 200 crore from three top debt companies in the country -- Alteria Capital, InnoVen Capital and Trifecta Capital, having later raised additional capital from ICICI Bank and Axis Bank 

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  Centrum, BharatPe set to take over PMC Bank

  June 19, 2021 8:41 IST

  The RBI on Friday gave an in-principle approval to Centrum Financial Services Ltd (Centrum), the established NBFC arm of the Centrum Group, to establish a SFB. Resilient Innovations Private Ltd (BharatPe), a fintech major, will be an equal partner, said a joint statement by both the companies.

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  India's forex reserves rise by over $3 billion

  June 19, 2021 8:04 IST

  According to RBI weekly statistical supplement, the reserves increased to $608.081 billion from $605.008 billion reported for the week ended June 4.

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  HDFC Bank board declares dividend of Rs 6.50 per share for FY21

  June 18, 2021 23:37 IST

  HDFC Bank on Friday said its board has declared a dividend of Rs 6.50 per share for the year ended March 2021.

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  Gautam Adani not Asia's 2nd richest any more

  June 18, 2021 20:33 IST

  Suffering a rout in the stock markets this week, Adani Group Chairman Gautam Adani has lost the coveted tag of being Asia's second richest billionaire.

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  Wipro to roll out salary hikes for junior staff from Sep 1

  June 18, 2021 18:01 IST

  IT services major Wipro on Friday said it will give wage hikes to junior employees with effect from September 1, 2021.

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  Fuel on new high! Petrol price nears Rs 100-mark pan-India; Check revised rate

  June 18, 2021 13:11 IST

  In Mumbai, where petrol price crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 103.08 per litre on Friday. Diesel price also increased in the city by 30 paisa per litre to reach Rs 95.14 a litre, the highest among metros.

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  HDFC Bank to refund 'GPS device commission' charged on auto loan

  June 18, 2021 12:10 IST

  HDFC Bank has announced a refund of the controversial 'GPS device commission' charged to auto loan borrowers for six years.

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  Indians' funds in Swiss banks jump to Rs 20,700 crore, highest in 13 years

  June 18, 2021 9:01 IST

  Funds held by Indians in Swiss banks rose to Rs 20,700 crore in 2020, data released by Switzerland's central bank has revealed.

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  Second COVID wave shaved off Rs 2 lakh crore output: RBI assessment

  June 17, 2021 21:10 IST

  The devastating second wave of the coronavirus pandemic in April-May is estimated to have cost the nation Rs 2 lakh crore in terms of output, revealed an assessment made by the Reserve Bank. 

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  Indians' funds in Swiss banks rise to over Rs 20k cr, highest in 13 yrs

  June 17, 2021 20:19 IST

  The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years.

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  'Like US, Europe, others, India also evolving in terms of regulations to deal with social media'

  June 17, 2021 17:57 IST

  Newly-elected president of industry body CII TV Narendran on Thursday said like other countries, India is also evolving in terms of regulations to deal with issues concerning social media companies.

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  CEO Satya Nadella appointed as new Microsoft Chairman

  June 17, 2021 11:41 IST

  Nadella, the company’s third CEO, will also be the third chairman in Microsoft’s history, following Gates and Thompson.

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  Edible oil prices down up to 20% in certain categories; Check revised rates here

  June 17, 2021 10:01 IST

  As per the data from the Department of Consumer Affairs, the prices of edible oils are now coming down over the past month, and in some cases, the decline is by as much as nearly 20 per cent, as shown in prices in Mumbai.

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  TCS, Infosys, Wipro, HCL, Tech Mahindra, Cognizant to cut 3 million jobs by 2022: Report

  June 16, 2021 20:29 IST

  With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping USD 100 billion mostly in salaries annually, says a report.