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BusinessToday.In
New Delhi, November 24, 2020
Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya have said that the proposals put out by an internal working group (IWG) of the central bank to allow corporate entry into banking is a \"bad idea.\"; Software giant Microsoft has rolled out a new feature on its Teams app through which up to 300 participants will be able to do free voice or video calls all day; Biotechnology major Biocon on Monday said it has inked an agreement for the acquisition of 26% stake on a fully diluted basis in Hinduja Renewables Two Pvt Ltd for Rs 5.91 crore. Watch this and more on News Blast.Also Read: 'India, top priority': Serum Institute CEO Adar Poonawalla on COVID-19 vaccine distribution plan


BusinessToday.In
November 24, 2020
Permission has been sought even though RBI has placed curbs on lending by scheduled commercial banks to companies they lend up to a certain limit; RBI's response is awaited


Shailendra Shukla
New Delhi, November 24, 2020
SpiceJet founders venture into COVID-19 testing SpiceHealth, a healthcare company founded by the promoters of low-cost carrier SpiceJet, announced on November 23 that it would conduct Real-Time Polymerase Chain Reaction (RT-PCR) tests, touted as the most decisive and crucial test for COVID-19, starting at Rs 499. The company also claimed that the test report will be generated in a record time of 6 hours after sample collection, in stark contrast to the current 24 to 48 hours it takes at mos...


BusinessToday.In
November 24, 2020
India Stock Market Highlights Today: During the session, Sensex hit a lifetime high of 44,601 and Nifty touched record high of 13,079


BusinessToday.In
November 23, 2020
The agency added that the RBI's internal working group's concerns regarding the concentration of economic power, as well as financial stability in permitting corporate houses to own banks, are some of the potential risks


BusinessToday.In
November 23, 2020
Among sectors, only banking and financials closed in red today, amid profit booking. IT sector ended 2.8% higher, followed by an almost 2% rise in pharma and more than 1% gain in the metal index


BusinessToday.In
November 23, 2020
Lakshmi Vilas Bank stock has lost 48.24% in four sessions


BusinessToday.In
November 23, 2020
Srei Infra share  fell 15.64% intra day to Rs 5.66 against previous close of Rs 6.71 on BSE.


BusinessToday.In
New Delhi, November 23, 2020
Byju's has raised $500 million in a fresh funding round from private equity (PE) players BlackRock and T. Rowe Price; With one million Twitter followers, the Reserve Bank of India has become the world's first central bank to achieve the milestone; India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Watch this and more on News Blast.Also Read: India likely to report current account surplus for FY21: CEA


Reuters
November 23, 2020
India's current account surplus rose to a record $19.8 billion in April-June as its trade deficit narrowed sharply, the Reserve Bank of India said earlier


Manali
November 23, 2020
Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya in an article he posted on LinkedIn, stated that it is important to stick to the tried and tested limits on corporate involvement in banking


Shailendra Shukla
New Delhi, November 23, 2020
Current tariff 'unsustainable'; need telcos, TRAI to support hike: Sunil Mittal Bharti Airtel Chairman Sunil Mittal has stressed on the need for a hike in telecom tariff as the current rates are \"unsustainable\". However, he said that the telecom market and regulator would have to be on the same page before Airtel can go ahead with a tariff hike. Mittal added that Airtel has taken a clear stance on the issue of tariffs and is of the view that a hike is necessary. World Bank cautions G20 ...


BusinessToday.In
November 23, 2020
Unexplained outage in HDFC Bank data centres led to total disruption in UPI, ATM and card channels of bank for over 12 hours. HDFC Bank customers have faced similar digital disruption for third time in two years


BusinessToday.In
November 23, 2020
India Stock Market Highlights Today: IndusInd Bank, followed by Bajaj Finserv, Bajaj Finance, Reliance Industries, ONGC, NTPC and Tata Steelwere among the top gainerz in the Sensex pack. On the other hand, HDFC, Asian Paints, ITC and Bharti Airtel were among the laggards


Reuters
November 23, 2020
US President-elect Joe Biden, working in his home state of Delaware, has announced a series of selections for White House posts


BusinessToday.In
November 22, 2020
RBI has also surpassed US Federal Reserve, and European Central Bank (ECB), emerging the most popular central bank on Twitter


BusinessToday.In
November 22, 2020
Customers took to Twitter on Satursay to complain about the unavailability of transactional services, as well as issues with linked accounts on other applications like Paytm, Google Pay


PTI
November 22, 2020
The lender had earlier estimated around Rs 3,000-4,000 crore from its moratorium book to come under one-time restructuring


PTI
November 22, 2020
On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March


PTI
November 22, 2020
Ashima Goyal, who has been appointed as member of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), said there is progress on many reforms and that will make higher long-run growth sustainable


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