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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.


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 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


Prasanna Mohanty
October 20, 2020
A study by two multinational giants UBS and PwC says \"huge fiscal and quantitative easing packages\" given by governments around the world drove a V-shaped recovery of stock markets and billionaires' wealth surged to $10.2 trillion by the end of July 2020


Anand Adhikari
New Delhi, October 20, 2020
The new age  NBFCs like lending Fintechs and  Peer 2 Peer  lenders ,which are serving the under-served and unbanked customers,need a further strengthening of regulations in the light of new business challenges thrown up by the Covid -19. Few months ago, the RBI had raised a red flag citing some malpractices like charging exorbitant interest rates , harsh recovery methods by using social media tools and unauthorised use of customers personal data. Post the pandemic, the problems of new age NBFCs have only compounded because of drying up of funding sources and the unsecured nature of loans and risky non salaried customers. A comprehensive review of operations of these new age NBFCs will certainly provide key sights on how these models are working , their credit appraisal system , the gaps in risk management , level of auditing , compliance culture and the governance framework. In fact, a timely intervention by the RBI will be good for the growth of new age NBFCs and also the financial system. Watch as Anand Adhikari, Executive Editor, Business Today, explains. Read more: Wait till Q4! RBI Governor Das sees light at the end of the tunnel for economyAlso watch: First big step in creating 'Too Big To Fail' framework for LIC, GIC Re and New India


Reuters
October 19, 2020
Online wallet was accessible via an app, without need for an existing bank account, with payments accepted via smartphone scans in downtown outlets in China's fourth-biggest city, from luxury goods retailers to snack stores


BusinessToday.In
New Delhi, October 19, 2020
Retail cheque payments fall to 2.96% in FY20 amid digitisation push: RBI; Develop COVID vaccine delivery system akin to polls, disaster management: PM Modi; Digital media, news agencies given a year to comply with 26% FDI cap. Watch this and more news on News Blast.Also Read: Gold price trades flat for second day; silver rates at Rs 61,500


Rashi Bisaria
New Delhi, October 19, 2020
Reliance Jio plans to sells 5G smartphones at Rs 2,500-3,000Reliance Jio is planning to launch a 5G smartphone for less than Rs 5,000 and gradually reduce the price to Rs 2,500-3,000 a unit when it scales up the operation, according to a company official. The company will target 20-30 crore mobile phone users who use 2G connection at present.Coronavirus impact: Passenger vehicle exports dip 57.52% in Apr-SepPassenger vehicle exports bore the brunt of the pandemic in April-September period....


BusinessToday.In
October 19, 2020
India Stock Market Highlights Today: ONGC, followed by NTPC, HDFC, Axis Bank, ICICI Bank, PowerGrid and Nestle India were among the top gainer on Sensex pack. On the other hand, TCS, Tech Mahindra, Infosys and Sun Pharma were among the laggards.


PTI
October 17, 2020
It estimated that the economy is likely to contract by 13.5 per cent in the second quarter (July-September), and the contraction in FY21 (April 2020 to March 2021) is likely to be around 9.5 per cent


BusinessToday.In
October 17, 2020
The RBI said that statutory inspection of the bank with reference to its financial position revealed that the bank had not complied with the directions issued by the apex bank. It then sent a notice to IndusInd Bank


Rupa Burman Roy
October 16, 2020
Sectorally, barring IT and media, all the other indices closed bullish today, with over 3% gains registered in metal and around 1.5-2% gain in banking, realty, pharma and financial indices


BusinessToday.In
New Delhi, October 16, 2020
Strong international cooperation on COVID-19 vaccines could speed up the world economic recovery and add $9 trillion (6.9 trillion pounds) to global income by 2025; Constituting merely 3 per cent of the organised furniture market in India, the online furniture industry has emerged as one of the fastest-growing e-commerce segments in the country; Calling for continued vigilance and a high state of preparedness against the COVID-19 pandemic, Prime Minister Narendra Modi on Thursday directed health authorities to scale up COVID-19 testing and sero-surveys. Watch this and more on News Blast.Also Read: For the first time, RBI to carry out open market operations in state bonds


BusinessToday.In
October 16, 2020
In the banking sector, Uday Kotak said it is 'ripe for significant structural change'. According to Kotak, the market share of private sector banks in India will rise to about 50 per cent from the current 35 per cent over the next decade


BusinessToday.In
October 16, 2020
Rising COVID-19 cases in eurozone and fresh round of lockdown in many countries weighed on investors' sentiment, analysts suggested. Moreover, sentiments stayed muted as RBI is set to release its weekly FX reserves figures today


Rashi Bisaria
New Delhi, October 16, 2020
Apollo Hospitals says ready to administer 10 lakh coronavirus vaccines per dayApollo Hospitals Group, hospital chain based in Chennai, on Thursday said it is ready to administer 10 lakh COVID-19 vaccines daily to support the government's fight against the pandemic. The Group, in a statement, said it will leverage its pan India web of 19 medicine supply hubs with cold chain facilities and use its 70 hospitals, over 400 clinics, 500 corporate health centers, 4,000 pharmacies alongside omni-chan...


BusinessToday.In
October 16, 2020
India Stock Market Highlights Today: IndusInd Bank, Tata Steel, Infosys, ONGC, BPCL, Cipla, Kotak Bank, NTPC and Bharti Airtel were among prominent gainers. On the other hand, Asian Paints, Sun Pharma, Nestle, RIL, M&M, HCL Tech were among the top losers.


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