RBI imposes restrictions on 3 co-op banks
July 29, 2022 23:46 ISTThe restrictions imposed on the three banks under the Banking Regulation Act, 1949 the Reserve Bank would remain in force for six months and are subject to review.
The restrictions imposed on the three banks under the Banking Regulation Act, 1949 the Reserve Bank would remain in force for six months and are subject to review.
Ola, Uber merger talks: While the report failed to disclose any other information on the potential deal, it caught the eye of Ola Chief Executive Bhavesh Aggarwal on Twitter.
5G spectrum auction: About 71 per cent of the total spectrum put on the block has been provisionally sold, Telecom Minister Ashwini Vaishnaw said. "This is a very good response," Vaishnaw said. Seven rounds of bidding took place and incrementally Rs 231.6 crore came in on Friday."
At the interbank foreign exchange market, the domestic currency opened strong at 79.55 per dollar. It hovered in a range of 79.56 to 79.17 during the session.
The 30-share BSE barometer jumped 712.46 points or 1.25 percent to settle at 57,570.25. During the day, it rallied 761.48 points or 1.33 percent to 57,619.27. The broader NSE Nifty advanced 228.65 points or 1.35 percent to 17,158.25.
Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to the latest numbers published Friday by the European Union statistics agency.
The government this year warned that those who will miss the July 31 deadline for filing their returns will have to pay fine-cum-late fee of Rs 5,000 if their taxable income is more than Rs 5 lakh and Rs 1,000 if the taxable income is less than Rs 5 lakh.
The 30-share Sensex was trading 594.25 points or 1.05 per cent higher at 57,452.04, while the broader NSE Nifty rose 182.85 points or 1.08 per cent to 17,112.45.
According to one estimate, if all agricultural land in India were used for protective farming, the market would be worth USD 6 billion. The main reason for the low adoption rate, though, is that farmers don't know much about protective farming and how their products might be exposed.
The newly constituted RBI's digital payment index (RBI-DPI) stood at 349.3 in March 2022 against 304.06 in September 2021 and 270.59 per cent in March 2021.
BSNL revival: The Modi cabinet approved Rs 1.64 lakh crore revival package for the BSNL, said Union Minister Ashwini Vaishnaw.
5G spectrum auction: The 5G spectrum offers ultra-high speeds (about 10 times faster than 4G), lag-free connectivity, and can enable billions of connected devices to share data in real-time.
Sensex update: Benchmark indices fell in early trade amid weak trends in global markets, fresh funds outflows and firm crude oil prices.
Shopify CEO Tobi Lutke said that before the pandemic, ecommerce growth had been steady and predictable.
Amazon news: Whether Prime will increase the subscription in India is yet to be seen, a country where it has over 22 million users and the company is rolling out a major redesign for Prime Video.
The creators will receive a 20 per cent revenue share on eligible videos, with a separate share going to music rights holders and Meta.
5G spectrum auction: All four applicants — Reliance Jio, Bharti Airtel, Vodafone-Idea and an Adani group firm "actively" participated in the auction of 5G spectrum, that offers ultra-high speeds (about 10 times faster than 4G), lag-free connectivity, and can enable billions of connections.
HDFC twins and ICICI Bank also declined. HUL, Dr Reddy's, L&T, Titan, Nestle, Tata Steel, Maruti and Sun Pharma were also among the losers. On the other hand, Bajaj Finserv bucked the trend, spurting by 5.58 per cent. Bharti Airtel and Reliance Industries advanced as the spectrum auction started.
The new carrier will launch commercial flight operations on August 7 by running its first service on the Mumbai-Ahmedabad route.
The auction is being held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands.
Top News
Latest News
