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Wednesday, June 23, 2021
petroleum products price

Petrol crosses Rs 97 in Delhi, diesel nears Rs 88 after another price hike

June 20, 2021 1:57:04 pm

The price hike — 27th in seven weeks — pushed fuel prices across the country to new historic highs. Among the metros, petrol is already above Rs 100 in Mumbai, Hyderabad and Bengaluru.

Sebi puts on pause Rs 4,000-cr Carlyle, PNB Housing deal

June 20, 2021 7:12:13 am

This would have made the US-based private equity giant a majority shareholder in the company and brought down the stake of Punjab National Bank in its housing finance subsidiary to under 26%.

Labour Ministry: No intention to delay fixing of minimum wages

June 20, 2021 3:20:10 am

The clarification comes amid reports that forming an expert group on the issue with a three-year term is an attempt to delay fixing minimum wages and national floor wages.

Satellite broadband: ‘No communication’ received by DoT yet from three companies

June 20, 2021 8:18:22 am

The DoT’s response came on queries seeking to know whether it had, since 2018, received any communication or proposal for setting up of satellite broadband in India from Amazon, OneWeb, SpaceX or any of their subsidiaries.

New high of $608.08 bn for forex reserves

June 20, 2021 3:15:30 am

In the reporting week ended June 11, the rise in reserves was on account of an increase in foreign currency assets (FCA), a major component of the overall reserves, the RBI’s weekly data showed.

Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing

June 19, 2021 1:36:50 pm

The departure of Guillen, one of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.

PayPal overhauls US rates as payments rivalry heats up

PayPal overhauls US rates as payments rivalry heats up

June 19, 2021 12:23:29 pm

The strategic shift reflects PayPal's growing power in online transactions, which surged during the Covid-19 pandemic.

Largest Boeing 737 MAX model takes off on maiden flight

June 19, 2021 8:41:06 am

Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrow-body jet market

Paytm plans to raise Rs 12K crore via fresh equity

June 19, 2021 2:45:40 am

This, along with other items is on the agenda of the company’s extraordinary general meeting scheduled to be held in the Capital on July 12.

Interest rate swap: New Sebi norms for mutual fund schemes

June 19, 2021 2:40:36 am

Mutual funds can enter into plain vanilla Interest Rate Swaps (IRS) for hedging purposes.

Air India to sell real estate assets; may garner up to Rs 300 crore

June 19, 2021 2:34:13 am

“Air India through MSTC invites e-auction bids for sale of the properties located across India,” according to a public notice.

GST relief to food supply for mid-day meals, pre-schools, anganwadis: CBIC

June 19, 2021 2:24:40 am

Under the goods and services tax (GST), any catering service, including mid-day meals, provided to an educational institution is exempt from the levy.

Centrum to takeover PMC Bank, partner BharatPe to launch SFB

June 19, 2021 2:17:51 am

The RBI in a statement said an in-principle approval was given after Centrum Financial Services submitted an expression of interest for PMC Bank.

Focus on growth most desirable policy option; eye on inflation: Shaktikanta Das

June 19, 2021 2:06:14 am

According to the MPC minutes, the dent on economic activity due to the second wave of the virus has necessitated the continuation of monetary measures to support the process of economic recovery to make it durable.

Transitioning into a financially secure and healthy future – the new normal

June 18, 2021 3:27:10 pm

There are some time-tested ideas which when combined with the new lessons that we have drawn from this rare experience, can help you transition into a financially secure and healthy future in the new normal that has emerged.

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Hyundai drives in new SUV Alcazar at Rs 16.3 lakh

June 18, 2021 2:35:27 pm

The country's second largest passenger vehicle maker is looking to further consolidate its position in the fast-growing SUV segment with the introduction of Alcazar which comes with six and seven seat configurations.

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Indians’ funds in Swiss banks rise to over Rs 20,000 cr on surge in securities, institutional holdings

June 18, 2021 2:14:42 pm

hile the funds classified as 'customer account deposits' have actually declined from CHF 550 million at the end of 2019 and those through fiduciaries also more than halved from CHF 7.4 million, the money held via other banks rose sharply from CHF 88 million in this period.

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India Pesticides’ Rs 800-crore IPO to open on June 23; price band set at Rs 290-296/share

June 18, 2021 1:37:49 pm

The three-day initial public offer (IPO) will open on June 23 and conclude on June 25. The bidding for anchor investors will open on June 22, according to the company.

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Gautam Adani loses $13 billion in four days in worst wealth rout

June 18, 2021 11:58:41 am

The 58-year-old tycoon has lost more money this week through Thursday than anyone else in the world, with his personal fortune tumbling by about $13.2 billion to $63.5 billion, according to the Bloomberg Billionaires Index.

Rupee falls 15 paise to 74.23 against US dollar in early trade

June 18, 2021 11:14:13 am

At the interbank foreign exchange, the rupee opened lower at 74.10 against the dollar and lost further ground to touch 74.23, registering a fall of 15 paise over its previous close.

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Sensex rises over 200 points in early trade; Nifty tests 15,750-levels

June 18, 2021 10:58:09 am

The 30-share BSE index was trading 220.53 points or 0.42 per cent higher at 52,543.86 in initial deals. Similarly, the broader NSE Nifty advanced 53.70 points or 0.34 per cent to 15,745.10.

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Fuel prices at fresh record high; Petrol breaches Rs 100/litre mark in Bengaluru

June 18, 2021 12:50:45 pm

Petrol and diesel prices: The price of petrol in Delhi currently stands at Rs 96.93 per litre while diesel is now selling at Rs 87.69. In Mumbai, petrol costs Rs 103.08, while diesel is retailing at Rs 95.14. In Bengaluru, petrol hit the Rs 100-mark and stands at Rs 100.17. Read below to find out fuel prices in your city.

Karnataka HC nod to CCI probe: Flipkart, Amazon move Division Bench

June 18, 2021 3:46:39 am

“Flipkart filed its petition on Wednesday, while Amazon filed it on Thursday. Both are separate appeals. The bench is likely to take up the matter on Friday,” a source aware of the matter said. Flipkart and Amazon didn’t comment.

Need Rs 3 lakh crore of stimulus to make sure demand revives: CII

June 18, 2021 3:43:52 am

A survey by the Confederation of Indian Industry (CII) found that the second wave of Covid-19 infections had led to a significant fall in production and sales for Indian firms, with 79 per cent of them expecting lower production and sales in the April-June quarter.

RBI: Amid rising imports, $600 billion forex reserves may not be enough

June 18, 2021 3:41:56 am

Foreign exchange reserves reached an all-time high of $605.0 billion on June 4, 2021.