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  RBI imposes penalty on City Union Bank, Tamilnad Mercantile Bank and 2 others for THIS reasonIncome

  May 20, 2021 21:18 IST

  The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank.

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  VisionSpring raises $1.5mn for India COVID response, to deliver over 1,000 oxygen concentrators

  May 20, 2021 21:04 IST

  Known for creating access to eyeglasses for people living on less than $4 per day, VisionSpring pivoted its operations to emergency response in the race to save lives and slow the spread of COVID-19 in India. 

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  Govt extends FY21 ITR filing deadline for individuals till Sep 30

  May 20, 2021 19:12 IST

  In view of the Covid situation, the government on Thursday extended current financial year (FY21) Income Tax Return (ITR) filing deadline for individuals by two months till September 30, 2021.

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  COVID: Cipla launches 'ViraGen' RT-PCR test

  May 20, 2021 15:40 IST

  ViraGen is Cipla's third offering in the Covid testing segment. Cipla already has partnerships for antibody detection kit and antigen test kits.

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  Blockchain, cryptocurrency can help democratise financial services: PayPal CTO

  May 20, 2021 14:47 IST

  PayPal also highlighted that it has an offensive and defensive strategy for cybersecurity to ensure it can continue offering safe and secure user experience on its platform.

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  Income Tax E-filing website: New income tax e-filing portal to be launched for taxpayers on June 7

  May 20, 2021 13:49 IST

  The existing web portal will be shut for six days between June 1-6. Officials said the new portal will be made more user-friendly.

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  DoT warns telcos may misuse fixed broadband licence fee exemption; Trai starts review

  May 19, 2021 22:11 IST

  ​Telecom regulator Trai on Wednesday started consultation to re-examine its suggestion to exempt fixed broadband service from licence fee to proliferate digital connectivity across the country.  

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  Infosys co-founder Shibulal buys company shares worth Rs 100 crore

  May 19, 2021 20:59 IST

  Infosys co-founder S D Shibulal on Wednesday purchased shares worth Rs 100 crore of the IT major through an open market transaction.  

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  TCS CEO Rajesh Gopinathan's pay package revealed! Check details

  May 19, 2021 16:08 IST

  Tata Consultancy Services CEO and MD Rajesh Gopinathan drew a whopping Rs 20.36 crore pay package in 2020-21, company's annual report has revealed. In 2019-20, he had received a total remuneration of Rs 13.3 crore.   

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  RBI imposes Rs 1 lakh penalty on THIS bank

  May 18, 2021 22:04 IST

  The Reserve Bank of India has imposed a penalty of Rs 1 lakh on Priyadarshini Mahila Nagari Sahakari Bank, Beed (Maharashtra) for violation of certain directions under the Supervisory Action Framework.  

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  Tata Motors Q4 consolidated net loss at Rs 7,585 crore

  May 18, 2021 18:46 IST

  The auto major's total income in the fourth quarter of FY'21 stood at Rs 89,319 crore. It was at Rs 63,057 crore in the year-ago quarter.  

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  Petrol crosses Rs 99 in Mumbai after rates hiked again

  May 18, 2021 16:38 IST

  Petrol price on Tuesday crossed Rs 99 a litre mark in Mumbai after oil companies raised petrol and diesel rates on surge in international oil prices.

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  Gold Price Today: Gold gains Rs 333; silver rallies Rs 2,021

  May 18, 2021 16:08 IST

  Gold in the national capital on Tuesday rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal, according to HDFC Securities.

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  Elon Musk loses world’s second-richest ranking to to LVMH chairman Bernard Arnault

  May 18, 2021 13:10 IST

  Tech mogul Elon Musk has lost the world's second-richest person rank to LVMH chairman Bernard Arnault.

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  Demand, employment severely hit by 2nd wave of Covid: RBI

  May 18, 2021 12:36 IST

  As the severe Covid crisis and the resultant lockdowns have shut down economic activities to a great extent, the monthly RBI Bulletin has said that demand and employment have been among the most impacted economic aspects amid the second Covid wave.

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  Petrol, diesel prices increase after a day's pause

  May 18, 2021 12:32 IST

  Petrol prices have increased by Rs 2.30 a litre in Delhi in May in the 10 increases so far. Similarly, diesel prices have risen by Rs 2.78 per litre in capital this month.

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  WHO reminds Serum Institute of its COVAX commitments amidst devastating COVID-19 outbreak

  May 18, 2021 11:10 IST

  WHO chief Tedros Adhanom Ghebreyesus has said that once the devastating COVID-19 outbreak in India recedes, the Serum Institute of India will need to “get back on track and catch up” on its delivery commitments to COVAX, the global initiative to supply coronavirus vaccines to nations around the world.

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  Sensex rises over 600 points to reclaim 50,000-mark, Nifty above 15,000

  May 18, 2021 10:11 IST

  Sensex soared over 600 points in early trade on Tuesday, led by gains in index majors HDFC twins, ICICI Bank and Infosys amid a positive trend in global markets.

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  Mother Dairy offers VRS for employees at East Delhi plant; maximum benefit Rs 20 lakh

  May 17, 2021 20:20 IST

  Mother Dairy, a leading milk supplier in the Delhi-NCR market, has come out with a voluntary retirement scheme (VRS) for employees working at one of its plants to bring operational efficiencies. The scheme is confined to its main plant at Patparganj in East Delhi, sources said.

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  Gold Price Today: Gold rises Rs 348; silver gains Rs 936

  May 17, 2021 16:41 IST

  Gold prices rose by Rs 348 to Rs 47,547 per 10 gram in the national capital on Monday following a strong global trend, according to HDFC Securities.

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  ONGC to procure 1 lakh oxygen concentrators on behalf of government

  May 17, 2021 14:55 IST

  ONGC said it will procure one lakh oxygen concentrators to aid India's fight against the world's worst outbreak of coronavirus pandemic.

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  No NEFT service for 14 hours on May 23 due to technical upgrade

  May 17, 2021 14:33 IST

  National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of India (RBI).

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  India's WPI inflation rises to 10.49% in April

  May 17, 2021 13:00 IST

  India's annual rate of inflation based on wholesale prices sequentially rose to 10.49 per cent in April from a rise of 7.39 per cent in March.

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  Aptus Value Housing Finance files IPO papers with Sebi

  May 16, 2021 17:02 IST

  Aptus Value Housing Finance has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 3,000 crore through an initial share sale.

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  Krsnaa Diagnostics files IPO papers with Sebi

  May 16, 2021 16:16 IST

  The IPO comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of up to 94,16,377 shares by its existing shareholders, according to the draft red herring prospectus (DRHP).

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  Airtel announces benefits for low-income customers amid COVID crisis

  May 16, 2021 15:44 IST

  As a one-time gesture, Airtel will give the Rs 49 pack free of cost to over 5.5 crore low-income customers. The pack offers a talktime of Rs 38 and 100 MB data with a validity of 28 days.

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  Govt may table amendment to DICGC Act in monsoon session

  May 16, 2021 13:44 IST

  The amendment to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 is the budget announcement made by the Finance Minister and the Bill is almost ready, sources said.

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  Power consumption grows nearly 19 pc in 1st fortnight of May

  May 16, 2021 13:08 IST

  Power consumption in the country grew by around 19 per cent in the first fortnight of May to 51.67 billion units (BU) over the same period last year, showing recovery in industrial and commercial demand of electricity, according to the power ministry data.