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Saturday, November 28, 2020
Kerala moves SC against Centre's decision to lease Thiruvananthapuram airport to Adani Enterprises

Kerala moves SC against Centre’s decision to lease Thiruvananthapuram airport to Adani Enterprises

November 24, 2020 8:36:28 pm

The Left Democratic Front (LDF) government has filed the appeal challenging the Kerala High Court which dismissed the plea on October 19 on the grounds that it was directed against the privatization policy of the Centre and hence devoid of merits.

Why stop at knowing about the maker of your car only. Know your car insurer in depth too!

November 26, 2020 2:26:30 pm

Just like how you check the specifications of a car before buying, here are a few important specifications of a comprehensive car insurance policy to check. Read here...

State Bank of India raises Rs 2,500 crore from bonds

November 24, 2020 6:05:59 pm

The bonds of face value of Rs 10 lakh each, at par, bearing a coupon of 7.73 per cent per annum payable annually with call option after five years and on anniversary dates thereafter, aggregates to Rs, 2,500 crore, SBI said.

bank strike, all india bank employees' association, aibea

Bank employees body AIBEA to join trade unions in nationwide general strike on Nov 26

November 24, 2020 5:52:20 pm

The association represents the majority of the banks except State Bank of India and Indian Overseas Bank. It has four lakh bank employees from various public and old private sector and a few foreign banks as its members.

karvy, karvy stock broking

NSE declares Karvy Stock Broking as defaulter, expels from membership

November 24, 2020 2:02:05 pm

The move effective from November 23, was taken as the broker failed to comply with NSE guidelines, National Stock Exchange (NSE) said in a circular.

lakshmi vilas bank

Lakshmi Vilas Bank stock tanks over 53% in six days

November 24, 2020 12:47:32 pm

On Tuesday, the Lakshmi Vilas Bank stock plunged 9.88 per cent to Rs 7.30 -- its lower circuit limit as well as one year low -- on BSE. At NSE, it plummeted 9.88 per cent to Rs 7.30 -- its lowest trading permissible limit for the day.

Elon Musk overtakes Bill Gates to become the world’s second-richest person

November 24, 2020 11:27:32 am

Elon Musk's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price.

Farm bills undermine pillars of food security system, says P Chidambaram

P Chidambaram takes a dig at CEA Subramanian over current account surplus remark

November 24, 2020 11:01:31 am

In a series of tweets, Chidambaram questioned the situation of a possible surplus in the current account.

Indices end at fresh highs; Nifty settles above 13,000-mark for the first time led by banks

November 24, 2020 4:27:15 pm

The S&P BSE Sensex climbed 445.87 points (1.01 per cent) to end at a record high of 44,523.02. Earlier in the day, the index had hit an all time high of 44,601.63 in the intraday trade. Similarly, the Nifty 50 ended above the 13,000-mark for the first time ever settling at 13,055.15, thereby registering a spike of 128.70 points (1 per cent). During the day the NSE benchmark had surged to a record 13,079.10.

Sebi paper proposes dilution of promoter reclassification norms

November 24, 2020 3:19:55 am

Sebi said the reclassification on shareholding should be amended so that the promoter and related persons seeking re-classification should not together hold 15 per cent or more of the total voting rights in the listed entity.

Apple contract manufacturer Pegatron okays Rs 1,100 crore investment for India unit

November 24, 2020 3:12:01 am

Pegatron Corp, the parent company, will put in the funds raised fully through its internal resources as part of its “long-term investment”.

Harsh Mariwala: ‘Things turning positive for economy; lot will depend on discipline against Covid’

November 24, 2020 3:07:43 am

Handholding and advising entrepreneurs through his foundation, he said while there is always a case for more support from government during these times, our government did what it could despite weak finances

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Reform momentum shall continue, more active steps being taken up: FM Nirmala Sitharaman

November 24, 2020 7:23:10 am

Sitharaman said the government, as part of the Atmanirbhar Bharat initiative, encouraging the setting up of dedicated special manufacturing zones for the production of pharma, medical devices and APIs in several states.

Alibaba chairman says China’s antitrust rules ‘necessary’

November 23, 2020 7:35:38 pm

Beijing’s announcement of proposed guidelines to enforce anti-competition law against internet companies is “timely and necessary,” Daniel Zhang said in a speech at the government-organized World Internet Conference in Wuzhen

Here’s why you should buy Term Life Insurance while you are young

November 23, 2020 7:09:50 pm

A term life insurance policy is not just about the financial security of your dependents but is also about staying prepared in advance for any miss happening like your sudden demise.

Raghuram Rajan and Viral Acharya

Proposal to allow corporate houses to set up banks a ‘bombshell’: Rajan, Acharya

November 23, 2020 6:00:34 pm

They also said that the proposal is "best left on the shelf".

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Momentum of economic reforms will continue, FM Sitharaman assures industry

November 23, 2020 5:21:57 pm

"The momentum for reform shall continue. Several more active reform-related steps are being taken up," Sitharaman said.

rupee, indian rupee

S&P sceptical of allowing corporates into Indian banking sector

November 23, 2020 4:17:29 pm

Former RBI governor Raghuram Rajan, and former deputy governor Viral Acharya also criticised the proposal, calling it a "bad" idea.

India likely to have current account surplus this fiscal: CEA Subramanian

November 23, 2020 3:41:25 pm

Noting that COVID crisis is a crisis to demand and primarily a negative shock to demand, Subramanian said, India's response was suitably crafted to deal with that.

lakshmi vilas bank

Investors continue to dump Lakshmi Vilas Bank shares; stock tanks over 48% in five days

November 23, 2020 2:39:23 pm

On Monday, the Lakshmi Vilas Bank stock plunged 10 per cent to Rs 8.10 -- its lower circuit limit as well as one year low -- on the BSE. On the NSE, it plummeted 10 per cent to Rs 8.10 -- its lowest trading permissible limit for the day.

RIL and Future Group stocks rally on strong demand

November 23, 2020 1:45:43 pm

RIL stock gained 3.72 per cent to Rs 1,970 on the BSE. On the NSE, it jumped 3.67 per cent to Rs 1,969.35.

Crude oil prices extend gains on COVID vaccine hopes, OPEC+

November 23, 2020 11:59:38 am

Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT while US West Texas Intermediate crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week.

Rupee opens on flat note against US dollar

November 23, 2020 10:58:28 am

At the interbank forex market, the domestic unit opened at 74.12 against the US dollar. In early trade, the local unit also touched 74.17 against the American currency.

Asian shares rise as investors count on vaccine relief

November 23, 2020 10:23:33 am

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.56% on Monday, pushing past a previous record high touched on Friday.

Sensex ends 195 points higher; Nifty tops 12,900-level

November 23, 2020 4:29:23 pm

After touching a record intra-day high of 44,271.15, the 30-share BSE index ended 194.90 points or 0.44 per cent higher at 44,077.15.