Bank of India on Thursday reported a standalone net loss of Rs 3,571.41 crore for the quarter ended March 31, 2020 due to higher provisions for bad loans. The bank clocked a profit of Rs 251.79 crore in January-March 2018-19.
Equity benchmarks Sensex and Nifty ended marginally lower on Thursday after a volatile session amid expiry of monthly derivative contracts.
Alibaba founder Jack Ma is no longer China's richest man. According to Bloomberg Billionaires Index, Ma Huateng, who is the founder and CEO of Chinese Internet giant Tencent Holdings (TCEHY), has surpassed Jack Ma as China's richest man with a net worth of $50 billion.
In a major announcement, Hindustan Unilever has announced that it will remove the word 'Fair' from its flagship brand skincare cream Fair & Lovely. This comes after American multinational Johnson and Johnson announced that it will be stopping the sale of two fairness products that are sold in India.
The Indian Railways will be providing 8-lakh man-days of employment opportunities to migrants workers in the next 125 days till October 31 under government's Garib Kalyan Rojgar Yojana Abhiyaan (GKRYA), announced Railways Minister Piyush Goyal. These new jobs will be generated in the infrastructure sector of the railways with an investment of Rs 1800 crore.
Qantas CEO Alan Joyce said that the airline was in a strong position before the pandemic but has nonetheless suffered greatly from its effects, making it necessary to undergo a significant overhaul in order to survive.
After Brazil suspended newly launched WhatsApp’s payments service to “preserve competitive environment” just after a week of its launch, the Facebook-owned messaging platform said it is committed to launching the digital payment service in India, a process that has been in the works since over two years now.
Amid the COVID-19 pandemic, the ASHA workers have been assigned the task of surveillance in urban and rural areas and the state government now plans to give them an incentive for their work.
In the previous session, the BSE barometer closed at 34,868.98, down 561.45 points, or 1.58 per cent, and the broader Nifty tumbled 165.70 points, or 1.58 per cent, to end at 10,305.30.
Calling Orange in France, Jio in India and Telstra in Australia as 'clean telcos' for refusing to do business with firms from China, US Secretary of State Mike Pompeo has claimed that Chinese tech giant Huawei’s deals with telecommunications operators around the world are “evaporating”.
Diesel price has surpassed the price of petrol for the second day in a row as fuel rate hiked for the 19th day on Thursday. Petrol price was hiked by 16 paise a litre while diesel price went up by 14 paise a litre today.
The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.
Chinese telecom gear major Huawei Technologies on Wednesday said it has been operating in India since the last 20 years and looks forward to continuing this partnership for creating greater value.
The shrine of Lord Venkateswara at Tirumala Hills, near Tirupati, has netted an income of Rs 7.5 crore in the last two weeks since the temple was re-opened on June 11.
State-owned Canara Bank on Wednesday reported widening of its standalone net loss to Rs 3,259.33 crore for the fourth quarter ended March 2020.
Union Minister Nitin Gadkari on Wednesday launched the Credit Guarantee Scheme for Sub-ordinate Debt to provide Rs 20,000 crore of guarantee cover to two lakh micro, small and medium enterprises.
Following the approval of Covifor, the generic version of Remdesivir, by the Drug Controller General of India (DCGI), Hetero Healthcare Limited is set to deliver the first set of 20,000 vials in two equal lots of 10,000 each.
Snapping its four-day rising streak, equity benchmark Sensex surrendered all early gains to plunge 561 points on Wednesday, tracking a selloff in financial stocks and weak cues from global markets.
The government on Wednesday said all cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors of these banks.
Ride hailing app Ola said that auto rickshaws on its platform will undergo mandatory fumigation in every 48 hours and protective screens would be installed between driver and passenger sections as safeguards against COVID-19.
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