More From Economy

Fuel prices rise again, petrol to touch Rs 100/ltr in Mumbai soon

Petrol prices in Mumbai rose by 26 paisa to Rs 98.12 a litre on Tuesday. Similarly, diesel prices in the city also rose 31 paisa per litre to Rs 89.48, the highest in all four major metro cities in the country

Sensex tanks over 450 points in early trade; Nifty slips below 14,800

In the previous session, Sensex ended 295.94 points or 0.60 per cent higher at 49,502.41, and Nifty jumped 119.20 points or 0.80 per cent to 14,942.35.

RBI modifies norms for undertaking govt business by private banks

The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states.

RBI appoints Jose J Kattoor as Executive Director

The Reserve Bank of India has appointed Jose J Kattoor as Executive Director (ED), the central bank said in a statement on Monday. 

Gold Price Today: Gold rises Rs 179; silver gains Rs 826

Sensex jumps 296 points; Nifty ends above 14,900

Extending its gains for the fourth consecutive session, equity benchmark Sensex surged about 296 points to recapture the key 49,500-level on Monday, led by intense buying in pharma and energy stocks.

Cipla inks pact with Eli Lilly to produce, sell COVID-19 treatment drug

This collaboration is a step further in the company's efforts to enhance access to critical treatments for patients affected by the pandemic, Cipla said in a statement.

Outpouring of support from US for India, COVID-19 help touches USD half a billion

America has responded with unprecedented financial assistance worth nearly USD half a billion to India

Petrol, diesel prices hiked after 2-day hiatus. Check revised rates in your city

Last week, state-owned Indian Oil Corporation (IOC) renewed insurance cover for petrol pump attendants and LPG delivery boys as it looked to secure its frontline workers against health emergencies.

Reliance Retail 2nd fastest growing retailer in world

Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years.

India's power consumption grows nearly 25% in first week of May

Power consumption in the first week of May 2020 was 21.05 BU. The power consumption in the entire month of May last year was 102.08 BU.

COVID has amplified ups and downs, says Kumar Mangalam Birla

Aditya Birla Group Chairman Kumar Mangalam Birla on Saturday said it is a period of "short forecast horizons and amplified ups and downs" due to the coronavirus pandemic, which has put the spotlight on not just the role of governments but of societies, companies, and individuals in creating better outcomes for all.

NHAI exempts tankers carrying oxygen from toll fee on highways

Keeping in view the current unprecedented demand for the medical oxygen across the country due to COVID-19 pandemic, containers carrying LMO will be treated at par with other emergency vehicles such as ambulances for a period of two months or till further orders, NHAI said in a statement.

Covid-19: Banks, insurance and financial services to function on 3 days in Kerala during lockdown

The Kerala government had on Thursday announced a state-wide lockdown starting Saturday till May 16 to tackle the second wave of COVID-19 situation in the state. The lockdown which will start from 6 am on May 8.

HDFC Ltd consolidated net profit up 31% at Rs 5,669 crore in fourth quarter

HDFC Ltd has reported a 31 per cent jump in consolidated net profit at Rs 5,669 crore for the last quarter of the financial year ended March 2021.

ALERT! SBI Bank's YONO app, UPI, digital banking services to be affected today | Know why

The customers of India’s largest lender SBI will not be able to use internet banking, YONO, YONO Lite, and UPI services on May 7.

Fuel prices hiked for 4th straight day by 28-31 paise/ltr; petrol at ₹102-mark in Rajasthan, MP

​This took the price of petrol in Delhi to Rs 91.27 per litre and that of diesel to Rs 81.73. In Sri Ganganagar district of Rajasthan, petrol touched Rs 102.15 a litre, prices from oil companies showed.

Bajaj Healthcare launches 'Ivejaj' tablets for COVID treatment

The company has received approval from India's drug regulator DCGI to manufacture and market the tablets, it said in a BSE filing.

Fuel prices Today: Petrol price sharply hiked by 25 paise, diesel by 30 paise

With Thursday's increase, petrol is now being retailed at Rs 90.99 a litre and diesel Rs 81.42 a litre in the national capital.

IDBI Bank allows video-based customer identification

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. 

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

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.

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

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. 

Cabinet approves strategic disinvestment of IDBI Bank

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.

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

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. 

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

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

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

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.

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

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.

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

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.