• 

  Edible oil prices rise by up to 30 per cent in last one year

  November 20, 2020 14:39 IST

  Experts say that oilseeds and oil prices have increased in the international market that has led to a rise in edible oil prices in India.

• 

  Pandemic-driven reform agenda can raise India's medium-term growth, says Fitch

  November 20, 2020 13:30 IST

  Fitch Ratings on Friday said the revival of the government's reform agenda in response to the coronavirus pandemic shock has the potential to raise India's medium-term growth rate.

• 

  Mastercard, USAID join hands for Project Kirana to empower women through financial inclusion

  November 20, 2020 13:13 IST

  Global payments technology major Mastercard has joined hands with development agency USAID for the Project Kirana that will help increase revenue streams, expand financial inclusion and digital payments adoption of kirana shops that are owned or operated by women.

• 

  Fuel Prices Today: Petrol price hiked by 17 paise/litre, diesel by 22 paise after 48-day break

  November 20, 2020 12:13 IST

  The price of petrol has increased by 17 paisa per litre in the national Capital to Rs 81.23 from Rs 81.06 a litre on the previous day. Similarly, retail price of diesel has been increased by 22 paisa per litre to Rs 70.68 a litre.

• 

  PMAY CLSS extended till March 31, 2021: Claim home loan subsidy up to Rs 2.35 lakh on first purchase

  November 20, 2020 13:50 IST

  The Modi government has extended the Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) till March 31, 2021.

• 

  Netflix makes streaming free for December 5-6 weekend in India

  November 20, 2020 10:43 IST

  Anyone in India can watch all the blockbuster films, the biggest series, award-winning documentaries and reality shows for two days, starting from 12 midnight on December 5.

• 

  Bharti Infratel, Indus Towers merger complete; VIL gets Rs 3,760 Cr

  November 20, 2020 7:12 IST

  Post the completion of the transaction, Vodafone Idea Ltd (VIL) has received cash consideration of Rs. 3,760.1 crore for its 11.15 per cent shareholding in Indus.

• 

  BharatPe aims to scale up operations to 65 cities by December 2020

  November 19, 2020 21:32 IST

  India’s largest merchant payment company, BharatPe on Thursday has announced aggressive expansion plans across tier-1, 2 and 3 cities in the country.

• 

  RBI imposes penalty on Muthoot Finance, Manappuram Finance

  November 19, 2020 20:59 IST

  The RBI on Thursday said it has imposed a penalty of Rs 10 lakh on Muthoot Finance, Ernakulam, for non-compliance with directions on maintaining loan to value ratio in gold loans and on obtaining a copy of the PAN card of the borrower while granting gold loans of over Rs 5 lakh.

• 

  Bitcoin crosses $18,000 mark 'driven by institutional players'

  November 19, 2020 20:50 IST

  Bitcoin prices are rising again for the past three months and it has now surpassed $18,000 (approximately Rs 13.3 lakh) per unit price zone for the first time since 2017. 

• 

  Apollo Hospitals, TataMD collaborate to launch 'TataMD CHECK' test for COVID-19

  November 19, 2020 17:06 IST

  Healthcare major Apollo Hospitals Group and Tata Medical and Diagnostics Ltd (TataMD) on Thursday announced a collaboration to introduce TataMD CHECK diagnostic test for COVID-19 in the country. 

• 

  Sensex tanks 580 points; Nifty drops below 12,800

  November 19, 2020 16:00 IST

  Equity benchmark Sensex plunged 580 points on Thursday, tracking heavy profit-booking in financial stocks amid a weak trend in global markets.

• 

  Gold Price Today: Gold declines Rs 248, silver falls Rs 853

  November 19, 2020 15:53 IST

  Gold prices declined Rs 248 to Rs 49,714 per 10 grams in the national capital on Thursday, as investors and traders switched to riskier assets on new vaccine development, according to HDFC Securities.

• 

  Moody's ups FY'21 India growth forecast to (-) 10.6 per cent

  November 19, 2020 13:25 IST

  Moody's Investors Service on Thursday upped India growth forecast to (-) 10.6 per cent for the current fiscal, from its earlier estimate of (-) 11.5 per cent, saying the latest stimulus prioritises manufacturing and job creation, and focuses on longer-term growth.

• 

  TCS shares jump 2 pc as shareholders approve buy-back plan

  November 19, 2020 12:27 IST

  Shares of Tata Consultancy Services (TCS) jumped 2 per cent in morning trade on Thursday after its shareholders approved up to Rs 16,000 crore share buyback plan. 

• 

  Lakshmi Vilas Bank shares slump 20%; hit lower circuit

  November 19, 2020 12:20 IST

  ​Shares of Lakshmi Vilas Bank slumped further and fell 20 per cent to hit its lowest permissible trading limit in early trade on Thursday after the government placed the lender under a one-month moratorium and superseded its board. The shares plunged 19.76 per cent on BSE to hit its lower circuit limit of Rs 9.95. Similarly, on NSE the scrip hit a lower circuit of Rs 10, diving 19.68 per cent.  

• 

  India's Oct domestic air passenger traffic crashes by over 57% to 52.71 lakh

  November 19, 2020 10:13 IST

  According to the Directorate General of Civil Aviation (DGCA), passengers ferried by domestic airlines during October declined to 52.71 lakh as against 1.23 crore for the corresponding period of the previous year.

• 

  Sensex drops over 200 points in early trade; Nifty slips below 12,900

  November 19, 2020 10:05 IST

  ​Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors HDFC twins, ICICI Bank and Infosys amid negative cues from global markets. The 30-share BSE index was trading 240.96 points or 0.55 per cent lower at 43,939.09 in the opening session. Similarly, the broader NSE Nifty declined 62.80 points or 0.49 per cent to 12,8745.  

• 

  'Mother of bull run' predicted early next year

  November 19, 2020 7:12 IST

  A 'mother of bull run' is being predicted for the Indian stock markets, which will start early next year and last till 2024-25. Phillip Capital said in a report that one can expect the mother of bull run to start tentatively by early 2021 (H1CY21).  

• 

  Adequate interest for BPCL disinvestment, no need to alter sale process: Govt

  November 18, 2020 20:44 IST

  The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).

• 

  DBS Bank issues maiden green loans in India worth Rs 1,050 crore to CapitaLand

  November 18, 2020 19:46 IST

  DBS Bank on Wednesday said it has issued its first two green loans in India totalling Rs 1,050 crore to CapitaLand. DBS grows its sustainable financing footprint with maiden green loans in India totalling Rs 1,050 crore.

• 

  Merger with LVB to strengthen DBS Bank's India business: Moody's

  November 18, 2020 19:06 IST

  Moody's Investors Service on Wednesday said Singapore's DBS Bank will strengthen its India business following merger with troubled Lakshmi Vilas Bank.

• 

  UCO Bank cuts home loan rate by 25 basis points

  November 18, 2020 18:52 IST

  UCO Bank has cut home loan interest rates by 25 basis points with effect from Wednesday, the lender said. 

• 

  Lakshmi Vilas Bank depositors' money safe, says RBI-appointed administrator

  November 18, 2020 16:51 IST

  T N Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said that depositors' money is safe and expressed confidence of completing the lender's merger with DBS Bank India within the deadline set by the regulator.

• 

  Gold Price Today: Gold falls Rs 357, silver declines Rs 532

  November 18, 2020 16:09 IST

  Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities. 

• 

  Sensex jumps 227 points to end above 44,000-mark for 1st time; Nifty tops 12,900

  November 18, 2020 16:04 IST

  Equity benchmark Sensex surged 227 points on Wednesday to finish above the 44,000-mark for the first time on Wednesday, tracking gains in financial stocks amid largely positive cues from Asian markets and persistent foreign fund inflows. 

• 

  Franklin Templeton MF's six shut schemes garner Rs 941 crore in fortnight

  November 18, 2020 14:43 IST

  The six schemes received Rs 941 crore from maturities, pre-payments and coupon payments during the period October 30 to November 13, 2020, the fund house said in a statement.

• 

  After Lakshmi Vilas Bank, RBI imposes withdrawal limit on THIS bank

  November 18, 2020 11:02 IST

  The RBI, in a release, said it has issued certain directions to Mantha Urban Cooperative Bank, Mantha District Jalna, Maharashtra, from the close of business on November 17, 2020.