SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments.
While the government, Reserve Bank of India and financial institutions are taking various measures to provide immediate financial support, customers can also turn to their Bajaj Allianz Life Insurance policy for availing a loan against their insurance policy, in these times, the company said in a statement.
Shares of Axis Bank on Wednesday zoomed over 14 per cent amid reports of fund infusion by private equity firm Carlyle.
The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law.
The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.
Nearly 4 lakh entrepreneurs from MSME sector attended a training session for rebuilding businesses post COVID-19 to create a Guinness World Record of the largest online business lesson, which was viewed for over 98 lakh minutes.
Kerala government announced on Wednesday to allow the opening of liquor outlets in the state from 9 am to 5 pm starting Thursday.
Amazon.in on Wednesday announced that it was providing a COVID-19 health insurance, completely free of cost, for its sellers in India The insurance will help cover the expenses related to COVID-19 hospitalization and treatment as well as ambulance assistance and ICU charges.
Anant Ambani, the youngest son of Mukesh Ambani, has formally joined the Reliance Industries's digital venture Jio Platforms as an additional director. RIL's Jio Platforms has been in the news for the past few weeks as it received billions of dollars of investment from Facebook, KKR, Vista and others.
In the previous session, the BSE barometer declined 63.29 points or 0.21 per cent to end at 30,609.30, while the broader Nifty closed 10.20 points or 0.11 per cent down at 9,029.05.
Promoter firm Bharti Telecom has sold 2.75 per cent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore, the company said on Tuesday.
Earnings of BSE Sensex companies will contract by up to 8 per cent in 2020-21 on the broader economic worries, and hopes of gains in equities should be pinned on a decrease in infections or a fiscal stimulus, an analyst said on Tuesday.
As part of the tie up, ICICI Bank is offering flexi EMI scheme which enables customers to pay low EMI initially, in order to help them overcome the liquidity stress due to the COVID-19 pandemic.
Reliance Industries' Rs 53,125 crore mega rights issue opened for subscription by shareholders on Wednesday. It became the first issue where eligible shareholders got the rights entitlements (REs) in demat, which could be traded on stock exchanges.
Food delivery platform, Zomato is starting home delivery of liquor in Odisha from today, after Jharkhand. The new Zomato Wine Shops service will be available to customers on the home page of the app.
TVS Motor Company has cut staff salaries by up to 20 per cent for a period of six months, beginning May, amid coronavirus pandemic.
Equity benchmark Sensex rallied over 400 points in early trade on Tuesday led by gains in index-heavyweights HDFC twins, ITC and Reliance Industries amid positive cues from global markets.
Textile brand in men's fashion Siyaram's on Monday said Textile Mahakumbh attracted over 50,000 retailers across the country, and entered Guinness World Records for 'most viewers for a retail management YouTube live stream' at the peak viewership of 11,214 viewers.
To revive its financial condition, Tirumala Tirupati Devasthanams (TTD) has decided to auction 50 immovable properties in Andhra Pradesh, Tamil Nadu, and Uttarakhand.
From Monday, daily balance of over Rs 1 lakh will earn 4 per cent interest as against the 4.50 per cent earlier, while those under that threshold will earn 3.50 per cent, the bank said.
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