According to the Directorate General of Civil Aviation (DGCA), passengers ferried by domestic airlines during October declined to 52.71 lakh as against 1.23 crore for the corresponding period of the previous year.
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors HDFC twins, ICICI Bank and Infosys amid negative cues from global markets. The 30-share BSE index was trading 240.96 points or 0.55 per cent lower at 43,939.09 in the opening session. Similarly, the broader NSE Nifty declined 62.80 points or 0.49 per cent to 12,8745.
A 'mother of bull run' is being predicted for the Indian stock markets, which will start early next year and last till 2024-25. Phillip Capital said in a report that one can expect the mother of bull run to start tentatively by early 2021 (H1CY21).
The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).
DBS Bank on Wednesday said it has issued its first two green loans in India totalling Rs 1,050 crore to CapitaLand. DBS grows its sustainable financing footprint with maiden green loans in India totalling Rs 1,050 crore.
Moody's Investors Service on Wednesday said Singapore's DBS Bank will strengthen its India business following merger with troubled Lakshmi Vilas Bank.
UCO Bank has cut home loan interest rates by 25 basis points with effect from Wednesday, the lender said.
T N Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said that depositors' money is safe and expressed confidence of completing the lender's merger with DBS Bank India within the deadline set by the regulator.
Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities.
Equity benchmark Sensex surged 227 points on Wednesday to finish above the 44,000-mark for the first time on Wednesday, tracking gains in financial stocks amid largely positive cues from Asian markets and persistent foreign fund inflows.
The six schemes received Rs 941 crore from maturities, pre-payments and coupon payments during the period October 30 to November 13, 2020, the fund house said in a statement.
The RBI, in a release, said it has issued certain directions to Mantha Urban Cooperative Bank, Mantha District Jalna, Maharashtra, from the close of business on November 17, 2020.
After touching its lifetime intra-day high of 44,051.66, the 30-share BSE index was trading 55.15 points or 0.13 per cent higher at 44,007.86.
As per the draft amalgamation scheme, the RBI has said on and from the appointed date, the entire amount of the paid-up share capital and reserves and surplus, including the balances in the share/securities premium account of the transferor bank (LVB), shall stand written off.
Reliance Jio has urged telecom regulator Trai to work out a mandatory schedule for periodic spectrum auctions to ensure that telecom operators do not have to wait long for radiowaves to meet their network requirements.
The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme to Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd (DBIL), Singapore. The decision came soon after it had imposed a one-month moratorium on the private lender and capped deposit withdrawals at Rs. 25,000.
The Reserve Bank of India (RBI) has capped withdrawal limit at Rs 25,000 from Lakshmi Vilas Bank till December 16 due to its detoriating financial condition and safeguard the interest of its customers till a resolution is reached.
Equity benchmark Sensex surged 315 points to close at a fresh lifetime high on Tuesday, driven by heavy buying in metal, industrials, banking and finance stocks.
Gold prices rose marginally by Rs 3 to Rs 50,114 per 10 gram in the national capital on Tuesday amid choppy trade and rupee depreciation, according to HDFC Securities.
Traders' body CAIT on Tuesday said a proposal to impose lockdown in market areas in the national capital may prove to be "counterproductive" as lakhs of livelihoods are at stake and urged the Centre to consult traders before taking any such decision.
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