• 

  Lakshmi Vilas Bank Directors voted out by part of promoter group, institutions, public

  September 27, 2020 16:50 IST

  Even as shareholders of Lakshmi Vilas Bank voted out a majority of the board members, including promoter K.R. Pradeep, the voting pattern, as per the regulatory filing, shows some interesting aspects.

• 

  RBI's role in Dhanlaxmi Bank Board should be reviewed: AIBEA

  September 27, 2020 13:57 IST

  The role of Reserve Bank of India (RBI) in the Board of Directors of Dhanlaxmi Bank (originally Dhanalakshmi Bank) should be reviewed, said a top official of the largest union in the banking sector.

• 

  TikTok parent company ByteDance gives cash bonuses to employees in India

  September 26, 2020 22:06 IST

  TikTok parent Bytedance has issued cash bonuses to employees in India, despite a ban remains in place for the Chinese short video making app TikTok.

• 

  Govt orders early procurement of rice in Punjab, Haryana amid farmers protests

  September 26, 2020 17:44 IST

  The Centre has allowed early procurement of paddy in Punjab and Haryana from Saturday, a statement from the Ministry of Consumer Affairs, Food & Public Distribution said.

• 

  RIL's retail arm receives Rs 7,500 cr from Silver Lake for 1.75 per cent stake sale

  September 26, 2020 17:17 IST

  Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Saturday said it has received Rs 7,500 crore from US private equity firm Silver Lake Partners, which has picked up 1.75 per cent stake in its retail arm.

• 

  GST policy: GST e-invoicing mandatory for B2B transactions from October

  September 26, 2020 12:20 IST

  No further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for companies with an annual turnover of over Rs 500 crore for their business-to-business transactions starting October 1.

• 

  Trai drops probe against Vodafone Idea on priority plan issue telco tweaks offer

  September 26, 2020 11:28 IST

  Telecom regulator Trai has decided to drop proceedings against Vodafone Idea Ltd (VIL) in priority plan matter after the telco withdrew contentious claims on faster speed and modified its offering.

• 

  Hyderabad startup develops 'world's first social drinking platform' Booozie

  September 26, 2020 10:56 IST

  A Hyderabad-based startup has launched what it claims to be the world's first social drinking platform, which will also deliver liquor to people at their doorsteps. The developers of Booozie, the web and app-based platform, claim it will promote responsible drinking.

• 

  India asked to pay Rs 40 crores, not Rs 20,000 crores to Vodafone: Report

  September 25, 2020 22:44 IST

  After UK telecom major Vodafone Group won an international arbitration against India, the central government has been asked to pay only Rs 40 crores and not Rs 20,000 crores to the telecom giant.

• 

  Positive pay system for cheque payments to come into effect from Jan 1: RBI

  September 25, 2020 21:49 IST

  In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the 'positive pay system' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. 

• 

  Hydrogen-powered airplane by 2035. Airbus has the plan

  September 25, 2020 20:10 IST

  Airbus has announced its plans to develop the world’s first zero-emission commercial aircraft by 2035. The company is currently working on three concept designs for hydrogen-powered aircraft equipped with zero-emission technology, which can reduce aircraft’s emissions by up to 50%.

• 

  Telangana allows pubs, bars to reopen

  September 25, 2020 19:28 IST

  Telangana government on Friday allowed to reopen pubs, bars and tourism bars in the state with immediate effect.

• 

  Hetero launches pack of generic coronavirus drug favipiravir at Rs 2,640

  September 25, 2020 18:57 IST

  Favivir 800/200 will be available in a pack containing 16 tablets of favipiravir 800 mg and 2 tablets of favipiravir 200 mg priced at Rs 2,640 per pack, Hetero said in a statement.

• 

  CBDT launches faceless income tax appeals

  September 25, 2020 18:05 IST

  The Central Board of Direct Taxes (CBDT) on Friday launched the Centre's much-publicised reform measure of faceless income tax appeals. 

• 

  Gold Price Today: Gold rises by Rs 324, silver jumps Rs 2,124

  September 25, 2020 16:51 IST

  Gold prices rose by Rs 324 to Rs 50,824 per 10 gram in the national capital on Friday, halting its four-day decline on recovery in international price of the precious metal, according to HDFC Securities. 

• 

  Vodafone wins arbitration against India over Rs 20,000 cr retrospective tax dispute

  September 25, 2020 18:44 IST

  UK telecom major Vodafone Group Plc on Friday won an international arbitration against India over retrospective tax demand of ₹20,000 crore.

• 

  Sensex snaps 6-day losing streak, rallies 835 points to reclaim 37k-mark

  September 25, 2020 16:09 IST

  Snapping its six-day falling streak, equity benchmark Sensex rallied 835 points on Friday to reclaim the 37,000-mark on across-the-board buying amid mixed global cues.

• 

  Diesel price falls again after 2-day pause, no relief on petrol

  September 25, 2020 14:39 IST

  Diesel price continued to decline on Friday after a two-day pause as the product prices fell globally while crude prices remained steady. Oil marketing companies, however, kept petrol prices unchanged for the third consecutive day.

• 

  Reliance Jio starts in-flight mobile services in 22 international airlines; Packs listed

  September 24, 2020 21:34 IST

  The launch of the service makes Jio the first Indian mobile service provider and second Indian telecom company after Tata Group's Nelco to start in-flight communication services.

• 

  Rupee tumbles 32 paise to nearly one-month low against USD

  September 24, 2020 19:06 IST

  The rupee dived 32 paise to touch a near one-month low of 73.89 against the US dollar on Thursday, following massive sell-offs in equities and concerns over continuous surge in COVID-19 cases.

• 

  Harley-Davidson exits India due to low sales, shuts down manufacturing operations

  September 24, 2020 18:36 IST

  American cult bike maker Harley Davidson has decided to shut down manufacturing and sales operations in India as part of its restructuring exercise ‘The Rewire’ programm, under which it will focus only on select markets.

• 

  MSP an administrative decision of govt, will continue: Union Agriculture Minister

  September 24, 2020 17:34 IST

  Union Agriculture Minister Narendra Singh Tomar on Thursday said that people who ruled for 50 years are asking why we didn't make a provision for MSP (Minimum Support Price) in the farm bills.

• 

  Gold price falls for fourth consecutive day; declines by Rs 485 per 10 grams

  September 24, 2020 16:56 IST

  Gold price fell for the fourth consecutive day on Thursday, declining by Rs 485 to Rs 50,418 per 10 grams in the national capital amid weak international trends, according to HDFC Securities.

• 

  Vodafone Idea, Airtel lose over 59 lakh mobile users in June; Jio adds 45 lakh: Trai data

  September 24, 2020 16:37 IST

  Vodafone Idea Ltd (VIL) and Airtel lost about 48.2 lakh and 11.3 lakh users, respectively, in June, even as rival Reliance Jio added nearly 45 lakh customers strengthening its hold in the mobile telephony market, Trai's subscriber tally for the month showed.

• 

  Sensex plunges over 1,000 points; Nifty tests 10,800

  September 24, 2020 17:01 IST

  Falling for the sixth straight session, domestic equity benchmark Sensex plunged 1,115 points on Thursday amid a heavy selloff in global equities.

• 

  India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21

  September 24, 2020 15:41 IST

  Domestic rating agency India Ratings and Research on Thursday said it has maintained a negative outlook on non-banking financial companies (NBFCs) and housing finance companies (HFCs) for the second half of 2020-21.

• 

  IL&FS' offshore arms file for bankruptcy in Dubai

  September 24, 2020 15:13 IST

  Two offshore companies of IL&FS Group, ITNL Infrastructure Developer LLC, ITNL International DMCC have filed for bankruptcy in Dubai. 

• 

  Gold prices continue to fall, further decline likely

  September 24, 2020 12:38 IST

  The October contract of gold on the MCX is currently trading at Rs 49,365 per 10 gram, lower by Rs 143.00 or 0.29 per cent from its previous close.