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  RBI imposes Rs 50 lakh penalty on an urban co-operative bank in Kerala

  December 15, 2020 22:42 IST

  A notice was issued to the bank asking why penalty should not be imposed for non-compliance with the directions issued by RBI.

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  Going to unleash potential of spectrum, looking for meaningful 5G applications: Telecom secy

  December 15, 2020 22:07 IST

  The Department of Telecommunications (DoT) is looking to unleash the potential of spectrum and is exploring meaningful applications for 5G technology, a top official of the department said on Tuesday. The Department of Telecommunications (DoT) is looking to unleash the potential of spectrum and is exploring meaningful applications for 5G technology, a top official of the department said on Tuesday.  

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  Flipkart Internet sees losses widen to Rs 1,950 crore in FY20

  December 15, 2020 22:03 IST

  ​Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 per cent, as per regulatory documents. 

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  Infosys to prefer flexible 'hybrid' work model for employees in view of pandemic

  December 17, 2020 16:23 IST

  IT company Infosys on Monday said it will prefer a flexible "hybrid" work model going ahead in view of uncertainty around the pandemic situation and allow employees work from home or office depending on the condition.

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  Ola to set up world's largest e-scooter factory in India

  December 15, 2020 19:01 IST

  Ride-sharing company Ola has entered into an agreement with the Tamil Nadu government and will be investing Rs 2,400 crore for setting up its first electric scooter factory in the state.

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  I-T Dept detects over Rs 700 cr tax evasion after raids against Chennai's Chettinad Group

  December 15, 2020 18:50 IST

  The Income Tax Department has detected tax evasion of more than Rs 700 crore after it recently raided multiple locations of Chennai-based Chettinad Group, the CBDT and official sources said on Tuesday.  

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  Mahindra to hike prices of passenger, commercial vehicles from January

  December 15, 2020 18:40 IST

  ​Mahindra & Mahindra (M&M) on Tuesday said it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the impact of rise in input costs.  

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  India's economy recovering faster than expected, growth to rebound to 10% in FY 2021-22

  December 15, 2020 17:53 IST

  A faster recovery keeps more of the economy's supply side intact and can set India up for more prolonged above-average growth during the recovery phase, S&P Global Ratings said in a statement.

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  Govt trying to create 5 crore jobs in next 5 years, says Nitin Gadkari

  December 15, 2020 17:30 IST

  Union Road Transport and Highways and MSME Minister Nitin Gadkari said on Tuesday that the government is trying to create five crore jobs in the next five years. He said that the turnover of rural industries is Rs 80,000 crore, which is targeted to be Rs 5 lakh crore in the next five years. For this, work is going on in a planned way in agriculture and rural areas.

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  'DakPay' - India Post Payments Bank launches digital payment app: All you need to know

  December 15, 2020 17:15 IST

  The Department of Post (India Post) and the India Post Payments Bank (IPPB) on Tuesday launched a new digital payment app ‘DakPay’ for its customers to operate their banking service online.

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  Gold Price Today: Gold rises Rs 514, silver gains Rs 1,046

  December 15, 2020 16:27 IST

  Gold prices rose Rs 514 to Rs 48,847 per 10 gram in the national capital on Tuesday on a strong global trend and rupee depreciation, according to HDFC Securities.

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  India will grow to be among top 3 economies in two decades: Mukesh Ambani

  December 15, 2020 15:03 IST

  Richest Indian Mukesh Ambani on Tuesday said India will grow to be among the top three economies in the world in the next two decades and per capita income would more than double.  

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  Partnership with Jio to help support millions of SMBs: Zuckerberg

  December 15, 2020 14:00 IST

  Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event.

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  Farmers' protest not only impacting economic recovery but putting huge dent to supply chain: CII

  December 15, 2020 14:15 IST

  The current agitation by farmers has led to supply chain disruptions, which will impact the economy in the coming days and may impinge upon the ongoing recovery from the economic contraction due to COVID-19, industry body CII said.

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  Burger King India's stocks hit upper circuit again

  December 15, 2020 13:53 IST

  Burger King India's stock got listed on Indian bourses on Monday and on the debut day itself it opened on a premium of over 87 per cent over the IPO price at Rs 112.50.

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  Mrs Bectors Food Specialities IPO off to flying start; subscribed 1.57 times within first few hours

  December 15, 2020 13:42 IST

  The initial public offer of Mrs Bectors Food Specialities was subscribed 1.57 times within the first few hours of opening of bidding on Tuesday. This is the second initial public offer this month to have received over subscription in the first few hours itself after Burger King India.

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  ASSOCHAM sys farmers' protest resulting in daily loss of Rs 3500 crore

  December 15, 2020 13:20 IST

  According the ASSOCHAM rough estimates, a daily loss of Rs.3,000 crores to 3,500 crores is resulting in economies of the region from the value chain and transport disruption because of protests.

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  Jio blames Airtel, VI for spreading rumours leading to port out requests, writes to TRAI

  December 15, 2020 11:35 IST

  Reliance Jio has approached the telecom regulator, saying that its rivals Bharti Airtel and Vodafone India have resorted to "unethical" means and have spread "false" rumours that the Mukesh Ambani-led company will benefit from the recent farm bills.

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  Commercial LPG price hiked by Rs 50; here's how much it will cost in Delhi, Mumbai and Kolkata

  December 15, 2020 19:03 IST

  The price of Liquefied Petroleum Gas (LPG) gas cylinders hiked again. The price of a 14.2 kg LPG cylinder for domestic use increased by Rs 50. Similarly, the price of 5 kg short-cylinder has been increased by Rs 18 and the price of a 19 kg cylinder has been increased by Rs 36.50. In the last 15 days, price of cylinders were hiked twice by Rs 100.

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  Google extends work from home policy till September 2021

  December 15, 2020 11:31 IST

  Google has allowed its employees to work from home till September 2021. Google is in the process of laying out a series of changes that will affect how its staff and people at other tech companies will work after the pandemic.

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  Burger King India makes remarkable market debut; shares jump nearly 131%

  December 14, 2020 17:51 IST

  In a remarkable market debut, shares of Burger King India on Monday zoomed nearly 131 per cent against its issue price of Rs 60. The stock opened at Rs 115.35, a huge premium of 92.25 per cent against the issue price on the BSE.

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  Air India disinvestment: Group of 219 employees submit expression of interest

  December 14, 2020 17:46 IST

  A group of 219 employees of Air India along with a private financial institution have submitted an expression of interest (EOI) for the national carrier. 

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  WPI inflation at 9-month high of 1.55% in November on costlier manufactured items, food prices ease

  December 14, 2020 17:22 IST

  ​The wholesale price-based inflation rose to a 9-month high of 1.55 per cent in November on costlier manufactured items, even as food prices cooled. The WPI inflation was 1.48 per cent in October 2020 and 0.58 per cent in November last year.

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  Gold Price Today: Gold declines Rs 460; silver falls Rs 629    

  December 14, 2020 16:20 IST

  Gold prices fell Rs 460 to Rs 48,371 per 10 gram in the national capital on Monday on a weak global trend, according to HDFC Securities.

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  Sensex jumps 154 pts to fresh record; Nifty tops 13,550

  December 14, 2020 16:12 IST

  Equity benchmark Sensex climbed 154 points to end at a fresh all-time high on Monday, tracking gains in ICICI Bank, L&T and Kotak Bank amid persistent foreign fund inflows and a largely positive trend in global markets.

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  WPI inflation at 9-month high of 1.55 pc in Nov on costlier manufactured items, food prices ease

  December 14, 2020 12:59 IST

  The wholesale price-based inflation rose to a 9-month high of 1.55 per cent in November as manufactured products turned costlier, while food prices eased. The WPI inflation was 1.48 per cent in October 2020 and 0.58 per cent in November last year.

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  Biscuit maker Mrs Bectors Food's Rs 540-cr IPO to open on December 15

  December 14, 2020 11:50 IST

  Bread and biscuits maker Mrs Bectors Food Specialities is planning to hit the capital markets mid next week to raise around Rs 450-500 crore to fund the company's brownfield expansion of Rajpura manufacturing unit in Punjab.

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  Rupee rises 5 paise to 73.59 against US dollar in early trade

  December 14, 2020 11:22 IST

  The rupee strengthened by 5 paise to 73.59 against the US dollar in opening trade on Monday, supported by foreign portfolio inflows and strong opening in domestic equities.