The government may impose restrictions on private telecom operators to buy equipment from Chinese firms for projects in which they acquire public assets on a lease basis.
Aditya Puri quit his job as head of Citibank Malaysia to launch HDFC Bank in 1994, has created the country’s second-largest lender. The bank's board last year set up a 6-member search committee to identify his successor.
Aimed at making the market safer for investors, markets regulator Securities and Exchange Board of India (Sebi) postponed the implementation of the enhanced margin requirements for trading in the stock market by three months to December 1.
Softbank-backed Grofers has advanced its plan to launch an initial public offer by the end of next year after its profitability path zoomed during the lockdown period, a top official of the company said.
The Reserve Bank is likely to go in for a minimum 25 basis points cut in key lending rate in the forthcoming monetary policy review as the need to revive the coronavirus-hit economy is pressing notwithstanding marginal uptick in inflation, feel experts.
PNB Housing Finance hopes to disburse around Rs 13,000 crore loan in current fiscal, and expects demand to pick up around October-November with the onset of festive season.
The much-awaited Financial Action Task Force (FATF) mutual evaluation of India's anti-money laundering regime and legal measures framed to check financial crimes, scheduled for this year, has been postponed till early next year in view of the coronavirus pandemic.
SBI PensionSeva: State Bank of India (SBI), India's largest lender has launched SBI PensionSeva – dedicatedly for its pensioners (other than staff pensioners), who have their pension account in the bank. SBI PensionSeva website is simple to use and would benefit the general public pensioners immensely.
7th Pay Commission: The Narendra Modi government has issued new norms for the regulation of advance increment(s) to a section of Central government employees. Stenographers of Subordinate Offices can now get increment on qualifying speed test in shorthand at 100/120 w.p.m.
The Multi Commodity Exchange of India (MCX) has posted a 29 per cent growth in its June quarter net profit at Rs 56.43 crore. Its net profit stood at Rs 43.70 crore during the corresponding quarter a year ago, MCX said in a BSE filing on Saturday.
This is the second consecutive day of the price increase. Rates were hiked by 15 paise on Saturday. The price increase on Saturday came after a four-day hiatus in rate revision.
The PM SVANidhi scheme was launched by the Ministry of Housing and Urban Affairs, on June 01, 2020. It aims to provide affordable working capital loans to street vendors to resume their livelihoods that have been affected due to the coronavirus lockdown. Know how street vendors can apply for loan facility.
A district court in Gurugram has summoned Chinese E-commerce giant Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, reports news agency Reuters.
Air India issued an internal order on July 14, asking its departmental heads and regional directors to identify the employees, based on various factors such as efficiency, health and redundancy, who will be sent on a compulsory LWP for up to five years.
Public sector banks should not be privatised given the country's developmental needs but the government can look at reducing its shareholding to 26 per cent by selling a larger portion of its stake to common Indians, RBI's board member Satish Marathe said on Saturday.
Ambuja Cements' consolidated net profit declined by 28.76 per cent to Rs 592.51 crore for the quarter ended on June 30 on account of COVID-19 related disruptions.
ICICI Bank on Saturday reported a 36 per cent increase in its standalone net profit at Rs 2,599 crore for the first quarter ended June 2020.
Oil marketing companies on Saturday raised diesel prices by 15 paisa/litre as OMCs revised pump prices. This rise in price came after the prices were held steady for sometime. While the price of diesel was at Rs 81.79 per litre in the capital, petrol was steady at Rs 80.43 a litre. Petrol prices have remain unchanged since June 29.
The Information and Broadcasting (I&B) Secretary Amit Khare has written to the Ministry of Home Affairs (MHA) to consider reopening of cinema halls all over the country from August 1. I&B Secretary Amit Khare indicated this at a close-door industry interaction with the CII Media Committee on Friday.
Cinema halls gearing up to resume functioning expecting relaxations in the coming months. Movie theaters across the country are shut down ever since March when the first phase of lockdown was imposed to curb the spread of coronavirus.
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