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  Tata Motors shares jump 8 per cent after Q1 earnings

  August 03, 2020 21:16 IST

  Shares of Tata Motors on Monday jumped 8 per cent after the company's first-quarter earnings were better than estimates. The stock gained 7.98 per cent to close at Rs 113.05 on the BSE. During the day, it rose 9.26 per cent to Rs 114.40.  

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  UPI transactions hit new high of 149 crore in July

  August 03, 2020 21:12 IST

  The previous high was 134 crore (1.34 billion) transactions in the preceding month of June, while the value of transactions was Rs 2.61 lakh crore, as per the data from the National Payments Corporation of India (NPCI).

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  DGCA asks SpiceJet to stop ticket sale offer as govt-imposed fare limits are in place

  August 03, 2020 18:59 IST

  SpiceJet in a press release Monday morning announced it has started a five-day "1+1 offer sale" where it was offering one-way base fares starting as low as Rs 899, excluding taxes, on its domestic network.

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  Rupee skids 20 paise to settle at 75.01 against USD

  August 03, 2020 18:16 IST

  The Indian rupee on Monday slid 20 paise to close at 75.01 to the US dollar, weighed down by lackluster equities and concerns over a continuous surge in COVID-19 cases in the country.

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  ICICI Bank cuts lending rates by 10 bps across tenors

  August 03, 2020 16:58 IST

  Post the cut, EMIs on the loans linked to MCLR will come down giving relief to the borrowers.

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  Sensex tanks 667 points; Nifty ends below 10,900

  August 03, 2020 16:16 IST

  The BSE Sensex ended 667.29 points or 1.77 per cent lower at 36,939.60, while the NSE Nifty tumbled 181.85 points or 1.64 per cent to 10,891.60.

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  Ahead of Prime Day sale, Amazon India launches new warehouse in Ludhiana

  August 03, 2020 15:22 IST

  With just days to go before its ‘Prime Day' sale, Amazon India has announced the expansion of its warehouse network with the launch of a new specialised fulfilment center (FC) for large appliances and furniture in Ludhiana, Punjab.

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  Applying for Passport? Beware! Govt warns these fake websites may steal your data & ask for money

  August 03, 2020 15:09 IST

  If you are applying for Indian Passport then the Ministry of External Affairs has warned to be wary of fake websites and mobile App. If you are filling up an online form for passport and finalize an appointment date for the in-person verification of documents, there is a chance you might end up filling your confidential data on fake websites.

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  Sebi extends deadline to apply for 147 senior level posts till October 31 amid COVID-19

  August 03, 2020 13:46 IST

  On March 7, the regulator had invited applications for these positions as part of its plan to beef up the headcount for faster and more effective execution of its job.

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  WhatsApp inches closer to launch payment services via UPI platform: What we know

  August 03, 2020 13:11 IST

  WhatsApp may soon launch its payment services in India after National Payments Corporation of India (NPCI) informed the Reserve Bank of India that the Facebook owned messaging platform has met data localisation requirement.

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  Tata Motors shares jump over 8 per cent after Q1 earnings

  August 03, 2020 12:15 IST

  Total income from operations during the period under review stood at Rs 31,983.06 crore as against Rs 61,466.99 crore in the corresponding quarter of the last fiscal. The company's British arm Jaguar Land Rover (JLR) reported a 44 per cent dip in net revenue at 2.9 billion pounds during the first quarter.

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  Banned Chinese app companies questioned on data sharing, political links

  August 03, 2020 12:46 IST

  Chinese Apps Banned: Days after Indian govt banned Chinese apps, companies running it have been served a questionnaire with around 80 queries seeking information like sharing data under China's law and whether owners are associated with any political party.

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  India's manufacturing sector activity contracts for 4th straight month in July: PMI

  August 03, 2020 11:35 IST

  In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

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  Sensex tumbles over 300 points in early trade; Nifty slips below 11,000

  August 03, 2020 10:39 IST

  In the previous session, the 30-share Sensex ended 129.18 points or 0.34 per cent lower at 37,606.89, while the NSE Nifty fell 28.70 points or 0.26 per cent to 11,073.45.

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  Microsoft says talks to buy TikTok continues, aims to seal deal by Sep 15: 10 points

  August 03, 2020 7:25 IST

  Microsoft has said it will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President Trump.

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  Liquor sales decline up to 60% in May-June in states with high Corona cess: Report

  August 02, 2020 19:53 IST

  States which imposed more than 50 per cent COVID-cess on liquor after the resumption of retail trade post lockdown witnessed an average 59 per cent decline in sales in May and June due to higher tariffs, a report by trade association CIABC claimed.  

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  Sebi to set up virtual museum of securities market

  August 02, 2020 16:51 IST

  Coronavirus pandemic has confined all of us indoors. The outbreak has forced us to either limit or eliminate our outings altogether.This has given rise to many things such as virtual meets, virtual 'travel' and more. Securities and Exchanges Board of India (SEBI) seems to have decided to go with the trend. It is planning to launch a virtual museum.

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  CAPSI writes to PM, seeks service tax exemption on pvt security services

  August 02, 2020 15:48 IST

  The Central Association of Private Security Industry (CAPSI) has written to Prime Minister Narendra Modi, saying private security services should be exempted from paying service tax.

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  Apple's iPhone contract manufacturer to shift 6 production lines from China to India

  August 02, 2020 14:33 IST

  Apple's iPhone contract manufacturer is eyeing India for re-location of its production lines from China, a move that may generate more than 55,000 jobs in the country and boost Make in India initiative.

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  NITI Aayog suggests creation of Dak Bank

  August 02, 2020 13:32 IST

  In a bid to further deepen financial inclusion in the country, the NITI Aayog has suggested the creation of a Dak Bank -- postal bank -- by merging the regional rural banks, among other recommendations to the government.

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  Bank Holidays in August 2020: Banks to remain closed for these many days | Check Full list

  August 02, 2020 12:56 IST

  Bank Holidays in August 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 August. However, certain holidays vary from state to state. The holiday list includes Sundays and 2nd and 4th Saturdays.

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  GST collections lower at Rs 87,422 crore in July

  August 01, 2020 18:48 IST

  The country's GST collections declined to Rs 87,422 crore in July from Rs 90,917 crore in the previous month, a finance ministry statement said on Saturday. The July collections, however, are higher than Rs 62,009 crore goods and services tax (GST) mopped up in May and Rs 32,294 crore in April.

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  Govt to come out with strategic sectors list soon: FM Nirmala Sitharaman

  August 01, 2020 15:37 IST

  As part of the 'Aatmanirbhar Bharat Abhiyan' package, the finance minister in May had announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.

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  Is this the right time to invest in Gold?

  August 01, 2020 20:06 IST

  If one invests in gold via sovereign bonds or gold ETFs, then they must know that these bonds are issued periodically, and their value increases exactly with gold. They also provide an extra interest of 2.5% per year.

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  Power consumption slump narrows to 2.64 pc in July; likely to hit normal level in August

  August 01, 2020 13:56 IST

  Power consumption in June had declined 10.93 per cent to 105.08 BU, as compared to 117.98 BU a year ago. Similarly, power consumption in the country was down by 14.86 per cent in May and 23.21 per cent April this year.

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  Maruti total sales decline 1percent in July; domestic sales edge up

  August 01, 2020 12:40 IST

  The country's largest carmaker Maruti Suzuki India (MSI) on Saturday reported a 1.1 per cent decline in total sales at 1,08,064 units in July. The company had sold 1,09,264 units in July last year, Maruti Suzuki India (MSI) said in a statement.

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  Samsung, Apple contract manufacturers submit proposals for benefits under Rs 50,000 crore PLI scheme

  August 01, 2020 11:52 IST

  Leading handset makers like Samsung and iPhone producer Apple's contract manufacturers have submitted proposals to avail benefits under the government's Rs 50,000 crore production linked incentive scheme for boosting electronics manufacturing, sources said.

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  Zuckerberg says Facebook-Jio deal will bring millions of small businesses to WhatsApp

  August 01, 2020 11:22 IST

  Facebook CEO Mark Zuckerberg has said his company's deal with Reliance Jio will bring millions of small businesses on WhatsApp to do commerce.