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PTI
October 26, 2020
Earlier this month, Dewan Housing Finance Corporation Ltd (DHFL) had received four bids for either picking up stake in the company or buying out assets


PTI
October 25, 2020
According to banking sources, Religare Enterprises introduced a couple of investors interested in Religare Finvest Ltd to lenders in a meeting with bankers held recently


BusinessToday.In
October 25, 2020
In a tweet on Sunday, Das said that work at RBI will continue as usual. He added that he is constantly in touch with deputy governors and other officers of the central bank


Naveen Kumar
October 24, 2020
Pushed by the Supreme Court, this interest waiver may appear to be a good relief for the borrowers; however, going by the basic method of computation, the benefit for retail borrowers appears to be marginal


PTI
October 24, 2020
The cash-strapped group has, however, maintained its earlier estimates of addressing more than 50 per cent of the overall debt of over Rs 99,000 crore as of October 2018


BusinessToday.In
New Delhi, October 24, 2020
Finance Ministry issues guidelines for implementation of interest waiver; Govt to fetch Rs 60,000 crore from BPCL, Concor, SCI, BEML sale; Pakistan to stay on terror financing 'grey list' till February 2021. Watch this and more news on News Blast.


Vivek Punj
New Delhi, October 24, 2020
Finance Ministry issues guidelines for implementation of interest waiverFinance Ministry has approved guidelines for a scheme granting ex-gratia payment against the difference between compound interest and simple interest for six months on loans up to Rs 2 crore. The guidelines came after the Supreme Court directed the Centre to implement as soon as possible the interest waiver on such loans during the RBI moratorium. As per the operational guidelines by Department of Financial Services, the...


PTI
October 24, 2020
Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme


BusinessToday.In
October 23, 2020
According to a Confederation of Indian Industry (CII)- CARE Ratings knowledge paper, the fresh investments required to take the Indian economy to this level would amount to Rs 498 lakh crore over a seven-year period, between 2021-2027


BusinessToday.In
New Delhi, October 23, 2020
India's smartphone shipments hit record high in Q3 2020; Xiaomi, Samsung, Vivo top charts; Bank credit rises to Rs 103.44 lakh crore; The world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Watch this and more news on News Blast.


BusinessToday.In
October 23, 2020
The central board of Reserve Bank of India (RBI) met on Friday to discuss the current economic scenario, continued global and domestic challenges and various areas of operations of the central bank


Rashi Bisaria
New Delhi, October 23, 2020
Serum to launch 5 COVID-19 vaccines by 2021 end; floats new firmThe world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Serum has floated a new company Serum Institute Life Sciences (SILS) that will exclusively focus on developing, producing and supplying pandemic vaccines. SILS is owned by the Pune-based billionaire Cyrus Poonawala and his son Adar Poonawala.Maharasht...


Rashi Bisaria
New Delhi, October 23, 2020
Serum to launch 5 COVID-19 vaccines by 2021 end; floats new firmThe world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Serum has floated a new company Serum Institute Life Sciences (SILS) that will exclusively focus on developing, producing and supplying pandemic vaccines. SILS is owned by the Pune-based billionaire Cyrus Poonawala and his son Adar Poonawala.Maharashtra...


PTI
October 23, 2020
In the previous fortnight ended September 25, 2020, bank credit had grown by 5.15 per cent to Rs 102.72 lakh crore and deposits rose by 10.51 per cent to Rs 142.64 lakh crore


BusinessToday.In
October 22, 2020
The RBI received an overwhelming response from State Development Loans (SDLs) holders as they offered Rs 15,475 crore of bonds against the issue size of Rs 10,000 crore


BusinessToday.In
October 22, 2020
The Reserve Bank of India said that payment operators which use more than one QR code must shift to one or more interoperable QR codes by 31 March 2022


BusinessToday.In
New Delhi, October 22, 2020
Kia Motors India on Wednesday said it has received over 50,000 bookings for its compact SUV Sonet within two months of commencing the process; The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India; In wake of a deep global recession amid a still unchecked pandemic, the global economy is estimated to contract by 4.3 per cent this year, leaving global output short by over $6 trillion by the year end. Watch this and more on News Blast.Also Read: Dr Reddy's Labs share slips over 4% as firm shuts plants after cyberattack


Rashi Bisaria
New Delhi, October 22, 2020
Flipkart's Big Billion Days sees 55% rise in digital payments, over 150% increase in EMI optionsThe annual festive season sale by Flipkart, The Big Billion Days (TBBD), which concluded on October 21 saw 1.5 times growth in the number of transacting sellers, amongst whom more than 35 per cent saw over thrice the sales compared to last year, said the company in a statement. Even as it added nearly 35 per cent new sellers on its platform, nearly 60 per cent of them were from Tier II and Tier II...


BusinessToday.In
October 22, 2020
Stocks to watch today on October 22: HDFC, UltraTech Cement, Bajaj Finserv, Zee Entertainment, RIL among others are the top stocks to watch out for in Thursday's trading session


BusinessToday.In
October 21, 2020
India is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government, says RBI Governor Shaktikanta Das


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