India, US likely to ink strategic info sharing pact during 2+2 meet

India, US likely to ink strategic info sharing pact during 2+2 meet

🕔11:50, 24.Oct 2020

New York, Oct 24  The Basic Exchange and Cooperation Agreement (BECA), a breakthrough pact for sharing important strategic information, is likely to be signed during the 2+2 ministerial dialogue between the top foreign affairs and defence officials of India and

Read Full Article
As spike continues, India’s Covid tally crosses 78L-mark

As spike continues, India’s Covid tally crosses 78L-mark

🕔10:47, 24.Oct 2020

New Delhi, Oct 24 After dipping below 47,000 four days back, a spike in daily fresh corona cases has once again been recorded. A total of 53,370 new infections and 650 deaths reported in the last 24 hours has taken

Read Full Article
India’s foreign exchange reserves rises by $3.615 bn

India’s foreign exchange reserves rises by $3.615 bn

🕔07:26, 24.Oct 2020

Mumbai, Oct 24  India’s foreign exchange reserves rose $3.615 billion during the week ended October 16. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $555.120 billion from $551.505 billion reported for the week ended

Read Full Article
Yes Bank logs net profit of Rs 129 cr in Jul-Sep quarter

Yes Bank logs net profit of Rs 129 cr in Jul-Sep quarter

🕔07:18, 24.Oct 2020

Mumbai, Oct 24  Yes Bank on Friday reported a net profit of Rs 129 crore for the July-September quarter. During the corresponding quarter of the last financial year (2019-20), the bank had reported a loss of Rs 600 crore. The

Read Full Article
Centre borrows, transfers Rs 6,000 cr to 16 states for GST compensation

Centre borrows, transfers Rs 6,000 cr to 16 states for GST compensation

🕔07:16, 24.Oct 2020

New Delhi, Oct 24  The Central government on Friday said that it borrowed and transferred Rs 6,000 crore as first tranche to 16 states on account of GST compensation under the special borrowing window. The Centre has evolved a special

Read Full Article
Past policy actions’ transmission to help ease conditions, RBI Guv in MPC meet

Past policy actions’ transmission to help ease conditions, RBI Guv in MPC meet

🕔07:15, 24.Oct 2020

New Delhi, Oct 24 The ongoing transmission of past monetary policy actions would help ease financial conditions, RBI Governor Shaktikanta Das had said during the Monetary Policy Committee meet earlier this month, according to its minutes released on Friday. The

Read Full Article
NTPC allowed to use drones at select plants

NTPC allowed to use drones at select plants

🕔06:54, 24.Oct 2020

New Delhi, Oct 24  The Centre has granted conditional exemption to power generation major NTPC for the deployment of drones to carry out research and inspection activities at some of its plants. The Ministry of Civil Aviation has granted conditional

Read Full Article
PM Modi to interact with CEOs of global oil and gas companies

PM Modi to interact with CEOs of global oil and gas companies

🕔05:18, 24.Oct 2020

New Delhi, Oct 24 Prime Minister Narendra Modi will interact with CEOs of leading global oil and gas companies on Monday in the annual roundtable event organised by NITI Aayog and Ministry of Petroleum and Natural Gas. India is an important

Read Full Article
HPCL awarded Greenco ‘Platinum’ Rating

HPCL awarded Greenco ‘Platinum’ Rating

🕔05:15, 24.Oct 2020

HPCL’s marketing locations Bhopal LPG Plant, Calicut ASF, Kanpur Terminal and Mundra Terminal have been awarded Greenco Platinum Rating on at the 9th Virtual Greenco Summit organized by the Confederation of Indian Industry – Green Business Centre. The Greenco award

Read Full Article
Power PPAs cannot be terminated during insolvency process

Power PPAs cannot be terminated during insolvency process

🕔21:05, 23.Oct 2020

New Delhi, Oct 23 In a breather for bankrupt power generation companies, an insolvency tribunal has ruled that going concern status of such companies have to be maintained during the entire resolution process. The National Company Law Appellate Tribunal (NCLAT)

Read Full Article
RBI Central Board takes stock of the economy

RBI Central Board takes stock of the economy

🕔18:27, 23.Oct 2020

Mumbai, Oct 23 The Central Board of the Reserve Bank of India (RBI) on Friday reviewed the current economic situation, continued global and domestic challenges and various areas of operations of the bank. It also discussed the working of sub-committees of

Read Full Article
TCS, Wipro set the tone as cash-rich cos announce Rs 27,558 cr of buybacks

TCS, Wipro set the tone as cash-rich cos announce Rs 27,558 cr of buybacks

🕔18:25, 23.Oct 2020

New Delhi, Oct 23 Buybacks are seeing a strong trend with cash-rich companies, led by IT giants TCS and Wipro, announce buybacks worth Rs 27,588 crore to reward shareholders by returning excess cash on the balance sheets. In the period, April

Read Full Article
FIDC urges RBI to allow NBFCs avail ‘On-Tap TLTRO’ scheme

FIDC urges RBI to allow NBFCs avail ‘On-Tap TLTRO’ scheme

🕔17:46, 23.Oct 2020

Mumbai, Oct 23  The Finance Industry Development Council (FIDC) has urged Reserve Bank of India Governor Shaktikanta Das to bring NBFCs under the ambit of the “On-Tap Targeted Long-term Repo Operations” (TLTRO) and allow them to benefit from the scheme.

Read Full Article
AISAM likely to take key decisions on Air India divestment on Saturday

AISAM likely to take key decisions on Air India divestment on Saturday

🕔17:44, 23.Oct 2020

New Delhi, Oct 23  The Centre’s top group of ministers looking into Air India divestment is slated to meet on Saturday with the agenda ranging from extending the process to allowing greater debt re-structuring. These key decisions might come at

Read Full Article
‘Delhi Metro-SBI Card’ a credit-cum-smart card launched

‘Delhi Metro-SBI Card’ a credit-cum-smart card launched

🕔17:35, 23.Oct 2020

New Delhi, Oct 23  The Delhi Metro Rail Corporation (DMRC) in association with the SBI Card, on Friday launched the ‘Delhi Metro-SBI Card’, a multipurpose credit card for the benefit of the Delhi Metro commuters. The card was jointly launched

Read Full Article
IGL to facilitate conversion of diesel generators to natural gas

IGL to facilitate conversion of diesel generators to natural gas

🕔17:27, 23.Oct 2020

New Delhi, 23 October 2020: In view of the recently announced measures due to enforcement of Graded Response Action Plan (GRAP) in NCR area, Indraprastha Gas Limited (IGL) has outlined its strategy to promote conversion to natural gas in domestic, commercial

Read Full Article
Data protection: Parliament’s joint panel summons FB, Twitter

Data protection: Parliament’s joint panel summons FB, Twitter

🕔14:41, 23.Oct 2020

New Delhi, Oct 23 A joint committee of Parliament on Friday issued summons to Facebook in order to seek its “oral evidence” on the issues of data protection and privacy. Twitter too is said to have been directed for appearance

Read Full Article
Flipkart to acquire 7.8% stake in Aditya Birla Fashion for Rs 1,500 Cr

Flipkart to acquire 7.8% stake in Aditya Birla Fashion for Rs 1,500 Cr

🕔14:40, 23.Oct 2020

Bengaluru, Oct 23  Flipkart Investments will pick up 7.8 per cent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore. The equity capital will be raised at Rs 205 per share. The promoter

Read Full Article
No change in petrol and diesel prices

No change in petrol and diesel prices

🕔14:39, 23.Oct 2020

New Delhi, Oct 23 Retail prices of petrol and diesel remained unchanged on Friday as softer global crude and product prices prevented Indian oil marketing companies from carrying out any revision in prices. Petrol prices now are unchanged for 31 days

Read Full Article
Power PPAs cannot be terminated during insolvency process

Power PPAs cannot be terminated during insolvency process

🕔14:37, 23.Oct 2020

New Delhi, Oct 23  In a breather for bankrupt power generation companies, an insolvency tribunal has ruled that going concern status of such companies have to be maintained during the entire resolution process. The National Company Law Appellate Tribunal (NCLAT)

Read Full Article