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Home  Business

Business

PSU bank privatisation plan could face hurdles amid Covid: Fitch

PSU bank privatisation plan could face hurdles amid Covid: Fitch

  • NITI Aayog report putting Bihar at bottom rekindles special status demand from JD(U)

    JD(U) leaders contend that the state was been adversely affected by the carving out of the resource-rich Jharkhand two decades ago.
  • Gold declines Rs 152; silver tumbles Rs 540 on weak global trends

    In the international market, gold was trading lower at USD 1,883 per ounce and silver was flat at USD 27.55 per ounce.
  • Rising raw material cost biggest business challenge in Covid 2.0

    The survey, which was conducted by the PHD Chamber between April and May 2020, involved businesses across the micro, small, medium and large enterprises.
  • ICICI Prudential Life announces Rs 867 cr bonus for policy holders

    A total of 9.8 lakh participating policyholders are expected to benefit from this, taking them closer to their long-term financial goals, especially at the time of the pandemic.
  • HSBC appoints Hitendra Dave as its India CEO

    In a statement, the company, he will be the CEO post the regulatory approval and has been named the interim CEO with immediate effect.
  • IIIT-H’s CIE, SucSeed to invest in deeptech startups

    Both the entities will look at investing up to Rs 40 lakh in pre-revenue stage in promising deep technology startups in AI and other emerging technologies.
  • Fuel price rise for 2nd straight day takes it to new highs

    Across the country as well petrol and diesel prices increased between 24-28 paise per litre on Monday but its retail prices varied depending on the level of local taxes in different states.
  • Cyber attacks on crypto users’ devices quadrupled: Report

    The number of unique modifications of Miners (malicious programs) more than quadrupled from 3,815 to 16,934 in Q1 2021.
  • Tata Steel Mining declared successful resolution applicant for Rohit Ferro-Tech

    The National Company Law Tribunal (NCLT) will have to next approve the resolution proposal.
  • Sensex jumps over 150 pts in opening trade; Nifty tests 15,700

    PowerGrid was the top gainer in the Sensex pack, rising over 1 per cent, followed by L&T, NTPC, ONGC, ITC, SBI, Bajaj Auto and ICICI Bank.
  • Rupee rises 12 paise against US dollar in early trade

    At the interbank foreign exchange, the rupee opened strong at 72.85 against the dollar and lost some ground to touch 72.87 in early deals, a rise of 12 paise over its previous close.
  • Accelerating seed-stage startups

    India Accelerator launching a dedicated fund along with venture capitalists and engaging with academia to nurture innovation early
  • Dr Reddy’s recalls 2,980 bottles of cholesterol lowering drug

    The Hyderabad-based drug major is voluntarily recalling the affected lots of the drug in 10 mg strength due to “failed impurities degradation specifications”.
  • IFFCO begins production of nano urea liquid

    It may be noted that urea forms 82 per cent of the total nitrogenous fertilisers consumed in India and it has recorded exponential increase in consumption over the years.
  • India may gain from global corporate tax pact

    India had in September 2019 slashed corporate taxes for domestic companies to 22 per cent and to 15 per cent for new domestic manufacturing units.
  • Reliance Infra board approves preferential issue

    The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt.
  • MSME engineering exporters seek PM Modi’s intervention

    Ludhiana Hand Tools Association President S C Ralhan said that many of the competing countries, provide support to manufacturing units by providing steel at much reasonable prices.
  • DHFL returns to profit in Q4

    The company had reported a loss of Rs 13,095.38 crore in the December quarter of 2020-21.
  • SIDBI seeking consultants for NaBFID

    Government expects the fund to raise up to Rs 3 lakh crore in the next few years
  • FPIs invest Rs 8,000 cr in four sessions

    The inflow comes following a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, data with depositories showed.
  • Second COVID-19 wave not to impact India’s agriculture sector: Niti Aayog

    Agriculture activity, Niti Aayog Member (Agriculture) Ramesh Chand said, peaks in the month of March or till middle of April, after that it comes down significantly and again peaks with the arrival of monsoon.
  • STPI to add 12 new centres of excellence across India

    Under STPI’s BPO Promotion Scheme, at present 247 BPO/ITES units are operational in 102 cities providing direct employment of 41,628 persons
  • Indian Public Cloud market to reach $9.5 billio by 2025

    For the second half of 2020, the Indian public cloud services market totalled $1.9 billion, according to according to IDC's ‘Worldwide Semiannual Public Cloud Services Tracker'.
  • Dorsey’s firm Square to invest $5M for solar-powered Bitcoin mining

    The facility will be a proof-of-concept for a 100 per cent renewable energy Bitcoin mine at scale, with the economics of the build-out -- including operational costs and ROI -- made open to the public.
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