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Friday, July 03, 2020

Japan seeks extradition of Americans accused in Ghosn escape

July 3, 2020 2:40:00 pm

“We express our deepest gratitude for the cooperation the US authorities have shown to our request,” the Tokyo District Prosecutors Office said in a statement.

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Asian shares hit 4-month high as US, China recoveries gather pace

July 3, 2020 1:33:00 pm

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.66%, reaching the highest level since late February, while Japan's Nikkei rose 0.40%.

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Canara Bank ‘cheated’ of Rs 174.89 Cr: CBI searches premises of Punjab Basmati Rice Ltd in Amritsar

July 3, 2020 1:30:58 pm

The searches took place at the premises of the company office and accused directors Kulwinder Singh Makhani, Jasmeet Kaur and Manjeet Singh Makhani in Punjab's Amritsar, they said.

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India’s services sector activity contracts for fourth successive month in June: PMI

July 3, 2020 11:48:20 am

The IHS Markit India Services Business Activity Index was at 33.7 in June, up from 12.6 recorded in May. Despite the rise, the Indian services sector activity contracted for a fourth successive month in June.

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Rupee jumps 44 paise to 74.60 against US dollar in early trade

July 3, 2020 11:25:32 am

The rupee opened at 74.60 against the US dollar, registering a jump of 44 paise over its previous close.

Gold steadies in tight range as virus fears offset solid US jobs data

July 3, 2020 11:07:38 am

Spot gold was little changed at $1,774.18 per ounce by 0456 GMT. US markets are closed on Friday for observing Independence Day on July 4. US gold futures eased 0.2% to $1,786.50.

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Sensex up 150 points, Nifty hovers near 10,600-mark; IT, auto stocks gain

July 3, 2020 1:35:13 pm

At 12:50 pm, the S&P BSE Sensex was trading at 36,011.18, up 167.48 points (0.47 per cent), while the broader Nifty 50 was up 50.40 points (0.48 per cent) at 10,602.10.

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Intel Capital to buy 0.39% stake in Jio Platforms for Rs 1,894 crore

July 3, 2020 9:41:06 am

Intel Capital is 12th company to join the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to Rs 1,17,588.45 crore.

IBBI proposes to limit number of assignments handled by IPs

July 3, 2020 3:38:44 am

Currently, there is no limit on the number of assignments an IP is permitted to take; however the code of conduct requires IPs to not accept assignments if they will not be able to devote adequate time to them.

Deepak Parekh asks RBI to allow one-time restructuring for real estate loans

July 3, 2020 3:15:26 am

Allowing the problem to fester, may result in a rise in non-performing loans, which in turn will weaken the overall financial sector, said Deepak Parekh.

Irdai committee to examine Surety Bonds for road contracts

July 3, 2020 3:15:02 am

Currently, Surety Bond for contractors is not being offered by insurance companies in the market to guarantee satisfactory completion of a project by a contractor and provide performance security to various government agencies.

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States demand Vice-Chairman post in GST Council, won’t budge on compensation

July 3, 2020 3:00:58 am

States are guaranteed compensation for any revenue shortfall from the base year of 2015-16 at an annualised growth rate of 14 per cent.

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Delhi: Man plots revenge murder for months inside Tihar Jail

July 3, 2020 2:01:40 am

The undertrial, who has been in jail for murder for two years, allegedly stabbed Mehtab, lodged in Tihar since 2014 in a rape case, "at least five-six times on the neck on June 29 morning," said Delhi Prisons DG Sandeep Goel.

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CBI books GVK over Mumbai airport, says funds diverted for personal use

July 3, 2020 1:19:53 am

The CBI on Thursday conducted searches at two locations, in Mumbai and Hyderabad, in connection with the case. Sources said, based on the CBI FIR, the Enforcement Directorate (ED) would soon register a case of money laundering against the promoters of the company.

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RBI asks banks to reclassify MSMEs as per revised criteria

July 2, 2020 8:45:07 pm

Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment in plant and machinery.

India’s trade deficit with China reduces to $48.66 bn in FY20

July 2, 2020 6:45:29 pm

The government is taking steps such as framing technical regulations and quality norms for several products to cut dependence on China for imports.

UK firms slash jobs to cope with outbreak’s long term impact

July 2, 2020 4:54:39 pm

The owner of sandwich and coffee shop chain Upper Crust was the latest business that caters to travelers to announce cuts Wednesday.

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Tesla threatens firing if they don’t return to jobs, say workers

July 2, 2020 4:35:56 pm

Tesla has released plans to maintain worker safety including temperature checks, the wearing of gloves and masks, installing barriers between workers and maintaining social distancing.

Axis Bank gets board nod to raise up to Rs 15,000 crore

July 2, 2020 3:17:24 pm

In a regulatory filing, Axis Bank said the board at its meeting held on Thursday has approved the proposal relating to raising of funds not exceeding Rs 15,000 crore.

Bajaj Auto reports 31% drop in June sales

July 2, 2020 1:53:45 pm

Domestic sales declined by 34 per cent at 1,51,189 units last month as compared to 2,29,225 units in June 2019, Bajaj Auto said in a regulatory filing.

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