Windfall gain for pvt banks on selling portion of Yes Bank stake

Windfall gain for pvt banks on selling portion of Yes Bank stake

🕔13:04, 18.Mar 2020

Mumbai, March 18  Domestic financial institutions, who have so far committed equity participation in the cash-strapped Yes Bank, stand to recover all their investments and make windfall gains on selling a portion of their holding allowed under private lender’s restructuring

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Xiaomi, TCL help India TV market hit 15mn shipments in 2019

Xiaomi, TCL help India TV market hit 15mn shipments in 2019

🕔13:02, 18.Mar 2020

New Delhi, March 18  Driven by budget smart TVs by brands like Xiaomi, Samsung, TCL, Vu and others, the overall TV market in India saw its highest-ever shipment of 15 million units in 2019 – a 15 per cent increase

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Corona Impact: Multiplexes to seek relief from Centre

Corona Impact: Multiplexes to seek relief from Centre

🕔12:59, 18.Mar 2020

New Delhi/Mumbai, March 18  Battered by the coronavirus outbreak in the country, the multiplex industry in India is expected to approach the Centre for a relief package, including deferment of certain taxes. At present, the sector is one of the

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Ex-SBI chief Arundhati Bhattacharya to join Salesforce as India CEO

Ex-SBI chief Arundhati Bhattacharya to join Salesforce as India CEO

🕔12:57, 18.Mar 2020

Mumbai, March 18  US-based cloud computing major Salesforce on Tuesday announced that former State Bank of India Chairperson Arundhati Bhattacharya will join the company on April 20 as it its India CEO. One of India’s most well-known bankers, Bhattacharya will

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Monetary, fiscal policy best option to deal with Covid-19 fallout

Monetary, fiscal policy best option to deal with Covid-19 fallout

🕔12:53, 18.Mar 2020

New Delhi, March 18  A combination of monetary as well as fiscal policy could be the best option to deal with the economic fallout of coronavirus, a State Bank of India report said on Tuesday. It said that on the

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Financially strong, well-capitalised: IndusInd Bank

Financially strong, well-capitalised: IndusInd Bank

🕔12:51, 18.Mar 2020

Mumbai, March 18  Lender IndusInd Bank on Wednesday reiterated that it is “financially strong, well-capitalised, profitable, and a growing entity with strong governance”. The bank’s statement comes in the wake of significantly higher level of speculation around its stock. On

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Volkswagen brand to suspend production in Europe from Thursday

Volkswagen brand to suspend production in Europe from Thursday

🕔12:49, 18.Mar 2020

Berlin, March 18  Automobile major Volkswagen Passenger Cars brand will gradually suspend production at its European plants from Thursday for two weeks due to the outbreak of coronavirus. According to the auto major, the move will impact plants operated by

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Trump proposes direct cash payments to help Americans

Trump proposes direct cash payments to help Americans

🕔07:00, 18.Mar 2020

New York, March 18  President Donald Trump proposed on Tuesday sending money to most Americans to help them tide over the coronavirus pandemic that has disrupted the US economy leading to prospects of large-scale unemployment. He said that the details

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Corona Impact: IndiGo to cancel flights to Turkey, Malaysia

Corona Impact: IndiGo to cancel flights to Turkey, Malaysia

🕔06:59, 18.Mar 2020

New Delhi, March 18  In response to the Centre’s advisory to restrict international traffic from Turkey and Malaysia in the wake of the coronavirus (Covid-19) outbreak, airline major IndiGo will cancel its flight operations to these countries. Accordingly, the airline

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Corona Impact: GoAir suspend all international operations

Corona Impact: GoAir suspend all international operations

🕔06:58, 18.Mar 2020

New Delhi, March 18  Budget carrier GoAir has temporarily suspended all its international operations from Tuesday due to the outbreak of coronavirus and the consequent travel restrictions. According to the airline, it is forced to temporarily suspend all its international

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Will not sell any share in Yes Bank for next 3 years: SBI

Will not sell any share in Yes Bank for next 3 years: SBI

🕔06:57, 18.Mar 2020

Mumbai, March 18  State Bank of India Chairman Rajnish Kumar on Tuesday said that the state-run bank will not sell any of its shares in the crisis-hit Yes Bank in the next three years. The SBI has been allotted 605

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LS passes Bill to extend 24 hrs abortion limit for vulnerable women

LS passes Bill to extend 24 hrs abortion limit for vulnerable women

🕔06:55, 18.Mar 2020

New Delhi, March 18  The Lok Sabha on Tuesday passed a Bill to legalise and raise the upper limit of abortion from the present 20 to 24 weeks for “special categories of women” that include rape survivors, differently-abled and victims

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