Business
Banks, Select FIs Report Frauds Worth Rs 1.43 Lakh Crore During April-December 2019
Replying to a question on banking frauds and action taken against fraudsters, FM Nirmala Sitharaman said the government in 2015 issued a framework for timely detection, reporting and investigation related to large-value bank frauds to PSBs.
Drug Maker Pfizer Stock Up Over Reports Hat it Found Antiviral Compounds
Pfizer Chief Scientific Officer Mikael Dolsten was one of the pharmaceutical executives who met with Trump at the White House.
Rupee Rises 33 Paise to 72.43 against US Dollar in Early Trade
At the interbank foreign exchange the rupee opened at 72.50, then gained further ground and touched a high of 72.43 against the US dollar, registering a rise of 33 paise over its previous close.
Affle India Shares Climb Over 8% After Mediasmart's Acquisition
At 11:33 am, Affle India shares were trading at Rs 1,909.75 apiece, up 6.2% from their previous, after hitting the day’s high of Rs 1,947.
India's Unemployment Rate Rises to 7.78% in February, Highest in 4 Months: CMIE
India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia’s third-largest economy.
'Test Checks' on AGR-hit Telecom Companies Dues May Start This Week, Say DoT Sources
The government also wants Vodafone Idea to expedite its self-assessment.
Slow Credit Growth One of The Major Challenges for Banks, Says RBI Governor
Shaktikanta Das urged banks to be prudent in lending money and said the RBI has proposed to take thematic studies across financial institutions in the country.
India Can Become the Premier Digital Society of the World, RIL Chairman Mukesh Ambani Tells Microsoft CEO Satya Nadella
Highlighting Jio’s impact, RIL chairman Mukesh Ambani said that prior to Jio, average broadband speeds were abysmal whereas post Jio mobile data speeds average at 21 Mbps in every single village in India.
Lotteries to Attract Uniform 28% GST Rate from March 1
According to notification issued by the revenue department, the GST rate on supply of lotteries has been amended to 14 per cent and a similar percentage will be levied by the states.
Air India Suspends China, Hong Kong Operations Till June 30 Amid Coronavirus Outbreak
Earlier, Air India had cancelled its flights to Shanghai from January 31 to February 14 and to Hong Kong from February 7 until March 28.
Ola Syncs Emergency Button With Police Control Room in Bengaluru to Ensure Passenger Safety
Pressing the emergency button will also activate the Ola's safety response team for telephonic assistance to the passenger.
Vodafone Idea, Thomas Cook, Sterlite Tech, Religare Among Key Stocks in Focus Today
Vodafone Idea Ltd shares advanced nearly 18% even as Brickwork Ratings downgraded the rating on the company’s non-convertible debentures.
Mittal and Birla Meet FM Nirmala Sitharaman as AGR Crisis Looms over Telecom Sector
While the two refused to comment on discussions they had with Sitharaman, Mittal said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability.
Gold Holds Above $1,600 on Fears Over Economic Impact of Coronavirus
Spot gold was little changed at $1,601.77 per ounce by 0244 GMT. In the previous session, bullion prices surged 1.3% to their highest since January 8 at $1,605.10.
LIC, SBI Cards and Barbeque Nation Among IPOs in News Today
SBI Cards has received approval from Sebi for its proposed IPO. The Irdai said that the insurance watchdog is yet to get any proposal from the LIC on its IPO that was announced in the Union Budget. Barbeque Nation filed the DRHP with Sebi for its IPO.
Govt to Spend Rs 2,000 Crore to Upgrade Tourist Infrastructure in Jammu & Kashmir
J&K Commissioner Secretary (school education) Hirdesh Kumar though the Jammu & Kashmir Global Investors Summit will be held in May, the government has already received investment proposals worth Rs 20,000 crore.