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  IDBI Bank allows video-based customer identification

  May 05, 2021 23:11 IST

  IDBI Bank on Wednesday announced video-based customer identification process, in line with the RBI's decision to allow banks to accept the method due to the coronavirus posed challenges to the economy. 

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  Tata Steel swings into black, posts Rs 7,162 crore net profit in March quarter

  May 05, 2021 21:56 IST

  The company had reported a net loss of Rs 1,615.35 crore in the year ago quarter, Tata Steel said in a BSE filing.

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  Govt extends payment of provisional pension up to 1 year period: Jitendra Singh

  May 05, 2021 21:07 IST

  Union minister Jitendra Singh on Wednesday said that the government has decided to extend the payment of provisional pension up to a period of one year from the date of retirement of an employee in view of the COVID-19 situation. 

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  Cabinet approves strategic disinvestment of IDBI Bank

  May 05, 2021 18:48 IST

  The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.

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  Gold Price Today: Gold declines Rs 317, silver jumps Rs 70

  May 05, 2021 17:09 IST

  Gold prices in the national capital declined by Rs 317 to Rs 46,382 per 10 grams on Wednesday, in line with a decline in the yellow metal's prices overseas, according to HDFC Securities. 

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  Get 5% discount on health policy if vaccinated: Reliance General

  May 05, 2021 16:27 IST

  Reliance General is offering one time five per cent discount to customers taken the Covid-19 vaccination.

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  S&P slashes India's GDP growth forecast to 9.8 per cent for this fiscal

  May 05, 2021 15:12 IST

  S&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile.

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  RBI announces loan moratorium to individuals, small borrowers - Check eligibility

  May 06, 2021 0:11 IST

  The moratorium of up to two years will be available to individuals and small and medium enterprises that did not restructure their loans in 2020 and were classified as standard accounts till March 2021, RBI Governor Shaktikanta Das in an unscheduled address.

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  RBI relaxes KYC norms, tells banks not to impose any restriction till December-end

  May 05, 2021 12:44 IST

  The RBI has also decided to extend the scope of video KYC (know-your-customer) or V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of legal entities.

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  RBI announces second purchase of Rs 35,000 crore G-secs to boost liquidity amid Covid crisis

  May 05, 2021 11:29 IST

  RBI will do second purchase of government securities (G-secs) aggregating Rs 35,000 cr in two weeks.

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  Punjab's 6th Pay Commission recommends 2-fold increase in salaries for govt employees

  May 05, 2021 11:03 IST

  The average increment in salaries and pensions of employees is expected in the range of 20 per cent, with salaries in for a 2.59 times increase over the 5th Pay Commission recommendations.``

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  Fuel price today: Petrol prices hiked by 19 paise, diesel by 21 paise. Check revised rate

  May 05, 2021 10:17 IST

  This is second increase in fuel prices in as many days as petrol and diesel prices rose by 15 paisa and 18 paisa per litre respectively even on Tuesday after a 18 days break.

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  Desist from sharing sensitive info online: SBI tells customers

  May 04, 2021 23:25 IST

  With digital transactions gaining traction amidst rising COVID cases, the country's biggest lender SBI has cautioned its customers to be alert against fraudsters and not to download any app from an unknown source.

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  BSNL directed to pay wages to contract workers by 15th of every month

  May 04, 2021 23:09 IST

  In future, the BSNL shall ensure that, whatever the workers or employees or contract employees are engaged through the contractors, the 30 day wage bill shall be claimed by the BSNL from such contractor on or before the 5th day of next calendar month, the court said.

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  RBI imposes Rs 25.5 lakh penalty on Jaipur-based Jumbo Finvest (India)

  May 04, 2021 22:08 IST

  The penalty has been imposed for non-compliance with certain provisions, including Know Your Customer (KYC) directions.

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  Punjab 6th pay commission recommends 2-fold increase in salaries for govt employees

  May 04, 2021 20:01 IST

  All major allowances are proposed to be revised upward, with rationalisation in certain allowances, as per the recommendations of the sixth pay commission.

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  Get 5% discount on health policy if vaccinated: Reliance General

  May 04, 2021 19:03 IST

  According to Reliance General, customers who are renewing or buying afresh its Health Infinity insurance policy will be offered one time five per cent discount if they had taken the Covid-19 vaccination.

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  Gold Price Today: Gold gains Rs 97; silver jumps Rs 1,282

  May 04, 2021 18:14 IST

  Gold prices rose by Rs 97 to Rs 46,758 per 10 gram in the national capital on Tuesday, according to HDFC Securities.

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  Infosys to hire 1,000 workers in Britain in 3 years

  May 04, 2021 16:40 IST

  Infosys said that it will provide critical training and mentoring opportunities for the fresh hires.

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  Sensex slumps 465 points; Nifty slips below 14,500

  May 04, 2021 16:11 IST

  Market benchmark Sensex tumbled 465 points on Tuesday, tracking losses in index heavyweights Reliance Industries, HDFC twins and Infosys despite a positive trend in global equities. 

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  Zomato emerges most trusted brand during pandemic: Survey

  May 04, 2021 15:32 IST

  Zomato was followed by Swiggy at a distant second position. Zomato trumped Swiggy both in terms of consumer satisfaction and consumer advocacy during the pandemic.

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  Petrol price up 15 paise, diesel 18 paise after over two-week hiatus

  May 04, 2021 13:46 IST

  Despite the concerns about rising COVID-19 cases in India denting demand, crude oil prices in the international market have risen primarily on account of strong US demand recovery and a weak dollar.

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  Mahindra Logistics launches Oxygen on Wheels; connects producers with hospitals

  May 04, 2021 13:24 IST

  Mahindra Logistics on Tuesday launched, Oxygen on Wheels (O2W), a free service to augment the availability of oxygen.

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  RBI imposes Rs 3 crore penalty on ICICI Bank. Details

  May 03, 2021 21:48 IST

  A penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday.

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  T Rabi Sankar takes over as new RBI deputy governor

  May 03, 2021 18:22 IST

  T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.

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  Gold Price Today: Gold rises Rs 310, silver jumps Rs 580

  May 03, 2021 16:37 IST

  Gold jumps Rs 310 to Rs 46,580 per 10 gram in the national capital on Monday reflecting recovery in global precious metal prices and rupee depreciation, according to HDFC Securities. 

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  Sensex ends 64 points down; Nifty inches up to 14,634

  May 03, 2021 16:11 IST

  Market benchmark Sensex staged a smart recovery from the day's low to end with marginal losses on Monday amid a negative trend in global equities.

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  Bolstering India's Covid-19 fight: SBI allocates Rs 70 crore to combat second wave

  May 03, 2021 15:29 IST

  State Bank of India has tied with various hospitals for the vaccination of its employees. It has decided to bear the cost of vaccination for its employees and their dependent family members.