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Home  Business

Business

IBA reaches out to govt for refund of compound interest waiver by banks

IBA reaches out to govt for refund of compound interest waiver by banks

  • MSME needs right kind of relief package: Assocham

    Suggesting some measures, Assocham president Vineet Agarwal said banks should increase working capital limit of MSMEs by 20 per cent but not charge any extra collateral.
  • CG Corp Global plans to invest Rs 200 crore in India

    CG Corp Global chairman Binod Chaudhary said CG Foods plans to launch new food products including biscuits and spices.
  • Industry body IPMA seeks govt intervention to regulate rising steel prices

    IPMA said steel prices have increased more than 60 per cent in the past 10 months and are expected to increase further by Rs 4000/ a tonne in coming days.
  • Gold saving funds see Rs 864-crore inflow in April

    It seems like many investors were finally compelled to acknowledge the drawbacks of physical gold and give up their inefficient preference for holding it, said Himanshu Srivastava, associate director, Morningstar India.
  • Exide Life targets 30% growth in new business premium this fiscal

    With increasing awareness about term insurance, the company expects this number to go up further.
  • Reliance-BP ‘bubble’ delivers two deep water gas fields

    Since 2017, Reliance Industries Ltd along with its JV Partner bp had embarked on concurrent development of three deep water fields in the Krishna Godavari basin block.
  • CII wants RBI to review circular on appointment of bank, NBFC auditors

    It also suggested to re-consider severe restrictions on capacity and eligibility requirements, limit on number of audits.
  • Collins to consolidate operations

    Aerospace company plans to make investments to expand its engineering and manufacturing footprint in India
  • Hyd agritech startup to expand to Bengaluru and Chennai

    Onebasket is present virtually through website and a mobile app and has a physical office in Hyderabad presently.
  • Samsung Biologics signs vaccine production deal with Moderna

    Under the agreement, the biotech unit of Samsung Group will provide the U.S. drugmaker with contract manufacturing organization (CMO) services for its mRNA vaccine. It means that some of the Moderna vaccine would be produced in South Korea.
  • Diesel crosses Rs 84 mark in Delhi, petrol nears Rs 100 in Mumbai

    Petrol price was increased by 17 paise per litre and diesel by 29 paise a litre, according to a price notification of state-owned fuel retailers.
  • Dr Reddy’s developing new treatment options for COVID-19, says MD

    The drug firm over the past few weeks has ramped up supply of multiple medicines including Remdesivir to meet the surge in demand.
  • Bill Gates spotted in public for first time since announcing divorce

    The 65-year-old tycoon Gates is all smiles as he takes a stroll through the Big Apple, according to pictures got by the Every day Mail. The images show Gates wearing his wedding ring.
  • Volatile yet lucrative, Bitcoin becomes Indians’ dream investment

    While the short volatile period has widely been touted as a course correction (one Bitcoin is currently hovering around $37,000 after touching a record high of nearly $60,000 just a couple of weeks ago)
  • Punjab & Sind Bank returns to profit netting Rs 161 cr in Mar qtr

    Total income during Q4 FY21 was down by 15.2 per cent to Rs 1,940.62 crore as against Rs 2,289.43 crore in Q4 FY20.
  • Amara Raja Batteries’ Q4 net rises 38% to Rs 189 crore on robust sales

    The company had reported a net profit after tax of Rs 137 crore for the January-March quarter of 2019-20.
  • Axis Bank awaits nod to reclassify 3 promoters as public shareholders

    The board at its meetings held this year on February 27, March 26, and April 28 has considered and approved the said requests, subject to the approval of the stock exchanges, statutory/regulatory authorities and the shareholders of the bank, it said.
  • Sundaram Home Finance to raise Rs 2,500 cr

    The total disbursements made were Rs 1,254.05 crore against Rs 2,112.09 crore registered year ago.
  • Hyderabad startup launches virus air purifier

    It can neutralise the harmful virus and microbes present in the air by binding the surface protein/spike protein of the Coronavirus or any other harmful virus, the company said
  • OPPO A53s 5G offers long battery life, some solid internals

    The smartphone with 6GB RAM+128GB storage and 8GB RAM+128GB storage and dual-SIM 5G is priced at Rs 14,990 and Rs 16,990, respectively, in crystal blue and ink black colours and are available on FlipKart and key retail outlets.
  • MEIL importing 11 cryogenic tanks to address oxygen shortage

    The first batch of three tanks have landed at Begumpet Air Force Station today and the remaining eight tanks will be reaching in two more batches in the next few days
  • NTPC Mouda’s river rejuvenation proj aids 150+ villages tide water crisis

    This project was carried out by the Maharashtra wing of Art of Living along with aid from few other organizations and the State government.
  • British Airways flight carrying 18 tonnes of aid arrives in India

    According to the airline, the total weight of the medical aid was 18 tonnes, made up of five thousand pieces.
  • India’s consumer confidence worsens in May

    The monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in May, has shown a sharp drop of 6.3 percentage points, over April 2021, amid Covid-19 fears.
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