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  Sensex crashes 839 points as China border tensions flare up

  August 31, 2020 16:10 IST

  Snapping its six-session winning run, the BSE benchmark Sensex plummeted 839 points on Monday as fresh India-China border tensions triggered a broad-based selloff in domestic equities.

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  L&T, Tata to manufacture Pinaka multi barrel rocket launchers

  August 31, 2020 16:05 IST

  The Defence Ministry signed an estimate of Rs. 5,000 crore deal to manufacture indigenous Pinaka multi barrel rocket launchers for the army, giving a major boost for the private industry.

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  Gold Price Today: Gold rises by Rs 161, silver jumps Rs 800

  August 31, 2020 16:01 IST

  Gold prices rose by Rs 161 to Rs 52,638 per 10 gram in the national capital on Monday amid rupee depreciation, according to HDFC Securities.

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  JioFiber announces 'no-condition 30-day free trial' for new customers

  August 31, 2020 15:00 IST

  New JioFiber customers activating from September 1, will get the 30-day free trial. Under the unconditional free trial, customers will get 150 Mbps "truly" unlimited internet, 4K set-top box with access to top 10 paid OTT apps at no cost, free voice calling for 30 days.

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  Reliance-Future Deal: RIL shares jump nearly 3 per cent; Future Group stocks rally too

  August 31, 2020 14:15 IST

  Shares of Reliance Industries on Monday rose nearly 3 per cent after it announced the acquisition of Future Group’s retail, wholesale, logistics and warehousing businesses for Rs 24,713 crore.

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  Most companies that availed loan moratoriums were facing challenges before COVID-19: Crisil

  August 31, 2020 13:47 IST

  Most companies that availed loan moratoriums have sub-investment grade ratings and were facing challenges before the onset of the pandemic itself due to slowing economic growth, domestic ratings agency Crisil said on Monday. 

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  Don't charge UPI transactions, refund money collected since Jan 1: Finance ministry tells banks

  August 31, 2020 12:53 IST

  According to the CBDT, it received some representations which revealed that a few banks are imposing and collecting charges on transactions carried out through UPI. A certain number of transactions were allowed free by these banks beyond which every transaction bears a charge, the CBDT noted.

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  Ambuja Kawach for all your building needs

  August 31, 2020 12:37 IST

  Engineered with cutting edge technology – Ambuja Kawach is a specially formulated cement with high-quality water-repellent properties and is a one-of-its-kind product.

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  Saudi Arabia announces discovery of new oil, gas fields

  August 31, 2020 11:39 IST

  Saudi Energy Minister Abdulaziz bin Salman Al Saud announced the discovery of two oil and gas fields in the Kingdom.

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  Reliance-Future deal: What the future holds for India's retail sector

  August 31, 2020 11:09 IST

  With Future Retail takeover Reliance Retail now consolidated its position in Retail Space. Now Reliance Retail has entered into Upmarket, Metro and Malls. Future Retail has a good presence in these areas.

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  Adani Group to acquire 74 per cent stake in Mumbai airport

  August 31, 2020 10:27 IST

  Billionaire Gautam Adani's Adani Group on Monday said it has reached an agreement to acquire GVK Group's shareholding and control of Mumbai airport. Adani Airport Holdings has "entered into an agreement to acquire the debt of GVK Airport Developers," Adani Enterprise said in a regulatory filing.

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  Pharma sector needs global collaboration: Industry leaders, govt officials

  August 31, 2020 9:21 IST

  The need of global collaboration in the pharma sector from research and development to drug manufacturing has never been as great as it is now amid the deadly COVID pandemic, industry leaders and officials from India and the United States said Sunday.

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  Govt signals thaw with assurance to review Air India pilots pay cut

  August 31, 2020 7:52 IST

  Signalling a thaw in the interface between Air India pilots and the government, Civil Aviation Minister Hardeep Puri has given an assurance to the pilots that he will review the disproportionate pay cut as well as examine payment of pending 25 per cent arrears.

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  'Air India has been an asset': Hardeep Singh Puri hopeful of privatising Air India in 2020

  August 30, 2020 23:45 IST

  His remarks come at a time when the Kerala government has opposed the Union Cabinet's approval on August 19 to lease out the Thiruvananthapuram airport to Adani Enterprises under the public-private partnership (PPP) model for a period of 50 years.

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  Banks to refund charges collected after Jan 1 on UPI, RuPay payments

  August 30, 2020 23:20 IST

  The Central Board of Direct Taxes (CBDT) on August 30 asked banks to refund any charges they collected after January 1 on transactions made through electronic means. According to a circular, this comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPI.

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  FM Nirmala Sitharaman to meet bankers on loan recast on Thursday

  August 30, 2020 16:10 IST

  The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.

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  RBI unlikely to extend EMI moratorium on repayment of loans beyond August 31. Know why

  August 30, 2020 11:23 IST

  EMI Moratorium: The six-month moratorium period comes to an end on August 31. Several bankers had asked RBI Governor Shaktikanta Das not to extend the moratorium as many are taking undue advantage of the facility

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  Unlock 4.0: Cinema halls, swimming pools excluding open-air theatres to remain closed

  August 29, 2020 23:35 IST

  Unlock 4.0 Guidelines: Cinema halls, swimming pools, entertainment parks, theatres (excluding open-air theatre) and similar places will continue to remain closed till September 30 in Unlock phase 4, Ministry of Home Affairs (MHA) announced in its new guidelines, issued on Saturday.

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  Reliance Industries buys Future Group business for Rs 24,713 crore

  August 29, 2020 22:15 IST

  Industrialist Mukesh Ambani's Reliance Industries Ltd on Saturday announced the acquisition of Future Group businesses for Rs 24,713 crore to add to its fast-expanding retail business and bolster e-commerce to take on the competition from Amazon.com.

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  Elon Musk's startup Neuralink unveils pig with computer chip in brain: All you need to know

  August 29, 2020 17:45 IST

  Just as we thought 2020 couldn't have been weirder, here is more. Billionaire entrepreneur Elon Musk's neuroscience startup Neuralink on Friday unveiled a pig that has had a coin-sized computer chip in its brain for two months, demonstrating an early step toward the goal of curing human diseases with the same type of implant.

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  NSE may get green go ahead by SEBI for IPO: What we know

  August 28, 2020 22:41 IST

  The National Stock of Exchange (NSE) India Ltd may get the approval of the Securities and Exchange Board of India (SEBI) for the Initial public offering (IPO), according to reports.

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  ITC to merge 3 subsidiaries-Sunrise Foods, Hobbits International Foods & Sunrise Sheet- with itself

  August 28, 2020 22:18 IST

  Diversified business entity ITC on Friday said it is considering merger of its three wholly-owned subsidiaries - Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah - with itself.

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  Banks Board Bureau recommends Dinesh Kumar Khara as next SBI chairman, Challa Setty on reserve list

  August 28, 2020 21:53 IST

  The Banks Board Bureau (BBB) has recommended Dinesh Kumar Khara for the post of Chairman in the State Bank of India (SBI) and Challa Sreenivasulu Setty as the candidate on the Reserve list for the chairman post, BBB said in a statement.

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  Bank Holidays in September 2020: Banks to remain closed on these days; Check state-wise list

  August 28, 2020 23:51 IST

  Bank Holidays in September 2020: The Reserve Bank of India (RBI) has released a list of days when the banking operations across the country will remain shut in the month of September. However, certain holidays vary from state to state.

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  Google Pay UPI transaction bank-wise daily limit: Full list

  August 28, 2020 19:18 IST

  Google Pay is among the ones that are widely used to complete digital payment transactions. Here's a list of all the banks that Google Pay supports with their UPI transaction limit and UPI daily limit for digital transactions.

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  Gold price on August 28: Price of yellow metal decline by Rs 252, silver rises by Rs 462

  August 28, 2020 18:01 IST

  Gold prices slipped by Rs 252 to Rs 52,155 per 10 grams in the national capital on Friday.  In the previous trade, the precious metal had closed at Rs 52,407 per 10 grams.

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  AirAsia partners with Avis to offer passengers airport transfers, chauffeur-driven vehicles services

  August 28, 2020 16:13 IST

  AirAsia India on Friday said it has partnered with Avis India to offer its flyers discounted car rental services. "AirAsia India has partnered with Avis India to offer guests discounted car rental services, and other benefits such as complimentary upgrades in India and internationally.

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  Sensex rallies 354 points as banks soar

  August 28, 2020 16:03 IST

  Extending its winning run for the sixth session, BSE benchmark Sensex rallied 354 points on Friday, boosted by gains in bank stocks amid persistent foreign fund inflows.