Corporate News - Page 29
Amazon India launches programme to enable kirana shops, offline retailers sell online
E-commerce giant Amazon India on Thursday launched 'Local Shops on Amazon' programme that will help local shopkeepers and kirana store owners to sell online
Rupee falls 25 paise to 76.31 against US dollar in early trade tracking weak domestic equities
Forex traders said the rupee opened on a weak note taking negative cues from Asian equities.
Sensex tumbles over 500 points in early trade, Nifty slips below 9,200-level; Bajaj Finance top laggard, sheds up to 5%
The NSE Nifty declined 129.35 points, or 1.39 percent, to 9,184.55.
Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs
SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year,
Unilever withdraws growth outlook; says India business impacted by slowing market, coronavirus-forced lockdown
Unilever witnessed a major impact on the businesses in China and India, two of its major markets where restrictions were imposed by the respective governments to contain the spread of COVID-19.
Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes
All public sector banks, old generation private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Federal Bank are members of IBA
NHPC raises Rs 750 cr through bonds at coupon rate of 6.80% per annum; issue oversubscribed by 3.87 times
NHPC carries the highest credit credentials and rated AAA by leading rating agencies.
TV18 Broadcast Q4 profit surges nearly five-fold to Rs 142 cr; revenue from operations up 21% to Rs 1,425 cr
TV18 Broadcast's revenue from operations for the last financial year was up 4.69 percent to Rs 5,174.94 crore as against Rs 4,942.70 crore in the previous year.
Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said
Bombay High Court asks DHFL promoter Kapil Wadhawan to file reply to ED's bail cancellation plea
The Bombay High Court on Wednesday directed scam-accused DHFL promoter Kapil Wadhawan to file an affidavit in reply to the Enforcement Directorate's (ED) plea seeking cancellation of his bail
Coronavirus Outbreak: Govt freezes DA, DR for 1.1 cr central govt employees, pensioners
The government on Thursday froze inflation-linked allowance for its 1.1 crore employees and pensioners, a move states are likely to replicate, helping save a combined Rs 1.2 lakh crore that could be used to combat the coronavirus crisis
Industrial units face multiple challenges to resume operations despite relaxations in lockdown norms: FIEO
The revised guidelines require the stay of workers to be within the premises or in the adjacent building or requires their transportation in a dedicated vehicle.
Home, DPIIT secretaries talk to industry associations for speeding up economic, industrial activities: Govt
The DPIIT in a tweet said that the conference with industry associations was "to facilitate permits for industrial activities in order to boost economic activities."
RBI receives 12,850 cr bids for TLTRO 2.0 against Rs 25,000 cr offered by central bank
The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor
LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score
Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 percent for new homebuyers having a CIBIL score of 800 and above
Coronavirus Outbreak: India’s GDP growth likely to range between decline of 0.9% and growth of 1.5% in FY21, says CII
India's GDP is likely to range between a decline of 0.9 percent and a growth of 1.5 percent in the current financial year, with the economy undergoing a "turbulent" phase caused by the coronavirus-induced lockdown, according to a report
Pandemic throws global economy into deeper decline; govts, central banks around world unleash fiscal support to tide over crisis
Separate data on Thursday showed South Korea’s trade-reliant economy, Asia’s fourth-largest, shrank at its fastest pace since 2008 as self-containment measures kept shops closed and slumping global demand hurt exports.
Odisha industry body demands wage payment from ESIC funds; seeks working capital loan, interest waiver till normalcy returns
There has been lobbying for some time for using funds of the retirement body EPFO as well as ESIC for providing relief to workers to help them sustain themselves during the nationwide lockdown.
Rupee surges by 62 paise to close at 76.06; investor sentiment strengthens after RBI announces special OMO
The rupee soared by 62 paise to settle at 76.06 (provisional) against the US dollar on Thursday tracking gains in domestic equities and strength in Asian currencies
Trump temporarily suspends immigration into US for 60 days to protect American workers
President Donald Trump has signed an executive order to suspend certain types of immigration into the US for 60 days to protect the jobs of Americans laid off due to the COVID-19 pandemic that has ravaged the country's economy
Special OMO: RBI to simultaneously buy, sell g-sec worth Rs 10,000 cr each on 27 April
The Reserve Bank of India (RBI) will simultaneously purchase and sell government securities worth Rs 10,000 crore each through a special open market operation (OMO) on 27 April
Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment
Shares of Vodafone Idea Ltd ended over 9 percent higher on Thursday after British telecom giant Vodafone Plc said it has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues
Coronavirus Outbreak: Telecom industry in talks with states, local authorities to open recharge outlets
The telecom industry had been pushing for opening up retail recharge points, particularly to help feature phone mobile users to go in for recharges.
Coronavirus Outbreak: Reliance Industries cuts crude processing at Jamnagar SEZ refinery by 24%
Reliance Industries Ltd has cut crude oil processing at its exports-only refinery at Jamnagar in Gujarat in March by close to one-fourth as it joins public sector oil firms in cutting run-rate to align production with a coronavirus-induced slump in fuel consumption
Markets close on buoyant note: Sensex jumps over 483 points, Nifty tops 9,300-mark; banks, IT, pharma stocks rally
The Sensex surged over 483 points on Thursday, tracking gains in IT and banking stocks as expectations of another stimulus package from the government enthused investor sentiment
Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow
The RBI has further given a stimulus to the economy by announcing the second tranche of liquidity with a 25 basis point reverse repo cut taking it to 3.75 percent from 4 percent earlie
Mukesh Ambani regains 'richest person in Asia' tag; topples Jack Ma after $5.7 bn Facebook-Jio deal
Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd (RIL) has regained the 'richest person in Asia' tag after Facebook's $5.7 billion (Rs 43,574 crore) investment in Jio Platforms on 22 April.
IndiGo rolls back pay cut in April salary of employees in deference to govt's wishes
IndiGo CEO Ronojoy Dutta told employees on Thursday that the airline has decided to roll back the pay cuts, which were announced earlier for senior staff members, for the month of April in deference to the "government's wishes"
Coronavirus Lockdown: India's crude steel output declines 14% to 8.65 MT in March, says global industry body
The country's crude steel output decline 14 percent to 8.65 million tonne (MT) during March, according to a report by the World Steel Association
No FIR against unit owner if any of its worker tests Covid-19 positive: Haryana CM assures industry owners
Haryana Chief Minister Manohar Lal Khattar on Wednesday sought to assure the industry owners that no FIR will be registered against any unit owner, who has been given permission to restart unit during the lockdown, if any of their worker contracts coronavirus