Bootstrap edtech company uFaber plans business expansion riding on 2020 success
May 06, 2021, at 03:28 am
Mumbai/IBNS: Bootstrap edtech startup uFaber recently announced it will be hiring 1000 work from home (WFH) professionals in the next six-months.
Indian Market: Sensex jumps 424.04 pts
May 05, 2021, at 11:28 pm
Mumbai/UNI: Snapping a losing streak of last three sessions, the BSE Sensex on Wednesday advanced by 424.04 pts to close at 48,677.55 following gains in Health Care, Metal, IT, Bankex and Materials stocks.
COVID-19: RBI relaxes overdraft facility for state governments
May 05, 2021, at 09:47 pm
Mumbai: RBI Governor Shaktikanta Das on Wednesday announced a series of measures to support the nation’s fight against the second wave of COVID-19 infections.
Indian Market bounces back, Sensex moves up by 316 points
May 05, 2021, at 03:58 pm
Mumbai/UNI: The BSE Sensex on Wednesday smartly recovered by 316 pts to open at 48,569.12 as fresh buying was seen across the board.
Reserve Bank of India Governor Shaktikanta Das to make unscheduled speech today
May 05, 2021, at 02:37 pm
Mumbai: Reserve Bank of India Governor Shaktikanta Das will make an unscheduled speech on Wednesday.
ISSAR Pharma to out license its peptide-based New Chemical Entities
May 05, 2021, at 03:25 am
Hyderabad/IBNS: ISSAR Pharmaceuticals, a leading iIndian pharma company specialising in peptide technology and peptide drug innovation, announced they will license out their peptide-based New Chemical Entities (NCEs), with pre-IND filing and US Patent.
Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19
May 04, 2021, at 08:17 pm
Parts of the online economy have boomed since COVID-19 began, while some pre-pandemic big-hitters have seen a reversal of their fortunes in the last year, amid widespread movement restrictions, UN economists have found.
Boris Johnson announces Serum Institute of India to invest 240 million pounds in UK
May 04, 2021, at 05:09 pm
London: British PM Boris Johnson has announced the Serum Institute of India (SII), the manufacturers of COVID-19 vaccine Covishield, will be investing 240 million pounds in the United Kingdom through the opening of a new sales office, media reports said.
Indian Rupee up 10 paise against USD
May 04, 2021, at 04:45 pm
Mumbai/UNI: The Rupee on Tuesday advanced by ten paise at 73.81 in opening trade on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Market: Sensex up over 100 pts
May 04, 2021, at 04:14 pm
Mumbai/UNI: The BSE Sensex on Tuesday recovered by 165 pts to open at 48,881 on fresh buying in Materials, Finance, Health Care and IT stocks.
India’s merchandise exports in April 2021 increases by 197.03%
May 04, 2021, at 08:29 am
New Delhi: India’s merchandise exports in April 2021 was USD 30.21 billion, an increase of 197.03% over USD 10.17 billion in April 2020 and an increase of 16.03% over USD 26.04 billion in April 2019.
Indian market: Sensex down 63.84 pts
May 03, 2021, at 11:00 pm
Mumbai/UNI: The BSE Sensex on Monday slipped 63.84 pts to settle at 48,718.52 as selling was seen in Consumer Durable, Realty, Oil and Gas, Energy and Bankex stocks.
Indian Rupee moves up 15 paise against USD
May 03, 2021, at 10:14 pm
Mumbai/UNI: The Rupee on Monday advanced by 15 paise to close at 73.91 against the USD on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Kotak Mahindra Bank Q4 consolidated net rises by 35.91 pc to Rs 2589.32 cr
May 03, 2021, at 08:57 pm
Mumbai/UNI: Private sector lender Kotak Mahindra Bank reported a rise of 35.91 pc in its consolidated net profit for the quarter ended March 31, 2021 at Rs.2589.32 crore as against net profit of Rs.1905.18 crores for the quarter ended March 31, 2020.
SBI allocates Rs. 70 Crore to combat the 2nd wave of COVID-19
May 03, 2021, at 08:39 pm
Mumbai: True to its vision and mission to support the country in fighting with adverse situations, State Bank of India (SBI) has allocated Rs. 71 Crore, to undertake various support initiatives to help the country combat the second wave of COVID-19.
IDBI Bank Q4 consolidated net spikes by 230.70 pc to Rs 547.93 cr
May 03, 2021, at 08:35 pm
Mumbai/UNI: IDBI Bank has posted net profit a Jump of 230.70 per cent in its consolidated net profit for the quarter ended March 31, 2021 at Rs 547.93 crores as against net profit of Rs 165.69 crores for the quarter ended March 31, 2020.
TVS Motor Company April 2021 sales at 2,38,983 units
May 03, 2021, at 08:06 pm
Mumbai/UNI: TVS Motor Company registered sales of 238,983 units in April 2021 as against 9,640 units in April 2020.
Suzuki Motorcycle India records highest ever monthly sales
May 03, 2021, at 07:53 pm
Kolkata/UNI: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan has recorded a sale of 77,849 units in the month of April 2021.
Reliance Industries now largest producer of medical oxygen from a single location
May 02, 2021, at 07:49 pm
As India grapples with an unprecedented new wave of the Covid 19 pandemic, the nation’s largest private sector company Reliance Industries has emerged as the country’s largest producer of medical oxygen from a single location.
Covid-19: Govt slashes IGST rate on oxygen concentrator imports for personal use
May 02, 2021, at 06:52 am
New Delhi/IBNS: As India combats Covid-19, the demand for oxygen concentrators and other medical supplies has risen exponentially as the government uses all resources to increase oxygen supply. To ease this fight, the Union Finance Ministry Saturday reduced IGST (Integrated Goods and Services Tax) rate for imports of concentrators, an official statement said.
SBI reduces Home Loan Interest Rates to 6.70%
May 01, 2021, at 11:52 pm
Mumbai: State Bank of India (SBI) is now offering exclusive interest rates on Home Loans starting from 6.70% onwards.
GST Revenue collection for April’ 21 sets new record, Rs. 1,41,384 crore gross revenue collected
May 01, 2021, at 11:08 pm
New Delhi: The gross GST revenue collected in the month of April’ 2021 is at a record high of Rs. 1,41,384 crore of which CGST is Rs. 27,837 crore, SGST is Rs. 35,621, IGST is Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and Cess is Rs. 9,445 crore (including Rs. 981 crore collected on import of goods).
Sensex moves up 903.91 points during the week
May 01, 2021, at 11:06 pm
Mumbai/UNI: The BSE Sensex spurted 903.91 points or 1.89 pc to settle at 48,782.36 in a week under review on positive global cues after the US Federal Reserve pledged to maintain easy monetary policy to aid economic recovery.
Indian core industries' output up 6.8 pc in March
May 01, 2021, at 06:03 am
New Delhi/UNI: Eight infrastructure sectors posted 6.8 per cent growth in March, compared to a year ago, data released by the industry ministry on Friday showed.
Mahindra and Mahindra acquires Meru
May 01, 2021, at 06:03 am
Mumbai/IBNS: Mahindra and Mahindra Ltd has acquired 100 per cent stake in Meru Travel Solutions limited with the aim to expand its presence in the mobility service sector, according to media reports.
Covid-19 peak likely by mid-May: SBI report
May 01, 2021, at 04:59 am
Mumbai/IBNS: The second wave of coronavirus in India may touch the peak around mid-May, analysts of country's biggest lender State Bank of India (SBI) have predicted.
Indian Market: Sensex nosedives 983.53 points
Apr 30, 2021, at 11:55 pm
Mumbai/UNI: The BSE Sensex on Friday dropped 983.53 points to settle at 48,782.46 as selling was seen in Finance, Bankex, Auto and FMCG stocks.
HDFC down 4.38 pc to Rs 2420.15
Apr 30, 2021, at 11:51 pm
Mumbai/UNI: Share price of HDFC on Friday was down by 4.38 per cent to Rs 2420.15, a major loser in 30 scrips of BSE.
SBI General Insurance reports 22 pc growth in GWP
Apr 30, 2021, at 10:45 pm
Kolkata/UNI: SBI General Insurance, one of India’s leading general insurance companies, today announced its financial results with a Net Profit of Rs. 544 crore and Gross Written Premium (GWP) of Rs. 8312 crore in FY 20-21. The company’s GWP grew by 22% where the general insurance industry has shown a growth of 5.2%. In its 11 years of operations, the company has shown steady growth for the past 4 years, while maintaining positive track record of underwriting.
Indian Market: Sensex down over 400 pts
Apr 30, 2021, at 04:48 pm
Mumbai/UNI: The BSE Sensex on Friday slumped 405 pts to open at 49,360.89 as selling was seen in Finance, Bankex, Utilities and Auto stocks.