Business News Updates

NALCO-PIC
NALCO Declares Rs 138.23 Crore Profit In FY19-20

Bhubaneswar: National Aluminium Company Limited (NALCO) has posted a net profit of Rs 138.23 crore in FY19-20, said a statement on Friday. According to the audited financial results for the year, taken on record by the Board of Directors in a meeting held on Friday, NALCO has posted a net profit of Rs 138.23 crore […]

Insurance
FY22 Prospects Uncertain, Insurers Wish For An Insurance Cover

Chennai: Insurance is basically a business based on uncertainty of events. Curiously, the general insurance industry officials while hoping for a growth, are uncertain about the prospects for FY22, as…

flipkart
90% Sellers Back On Flipkart, 125% Rise In New MSMEs

Bengaluru: As India gears up for unlock 2.0, e-commerce platform Flipkart on Saturday said it has enabled more than 90 per cent of its sellers to resume operations on its marketplace. Flipkart has also seen a 125 per cent rise in new seller signing-up on the platform, in comparison to its existing seller base, in […]

Petrol-hike
No Increase In Petrol, Diesel Prices Today After Consecutive 21-Day Hike

New Delhi:  In a big relief for the common man, the continuous rise in petrol and diesel prices came to a halt on Sunday. Fuel prices across the metros were unchanged for the first time after price hikes for 21 consecutive days. Petrol prices, however, were unchanged for a day during this 21-day period after […]

WPI-inflation
India's WPI Inflation Spikes To Over 8-Year High Of 7.39% In March

New Delhi: The wholesale price-based inflation shot up to over 8-year high of 7.39 per cent in March on rising crude oil and metal prices. Also, the low base of…

Jio-Airtel
Jio Tops Race Adding 62 Lakh New Users, Airtel Adds 9 Lakh

New Delhi: Reliance Jio continues at the top spot as the largest telecom company in terms of subscribers as it added over 62 lakh new users in February, followed by Bharti Airtel which added 9 lakh. At the end of February, Reliance Jio had over 38.28 crore subscribers and Bharti Airtel had a subscriber base […]

fuel
Fuel Prices Go For Pause, Relief Likely Ahead

New Delhi: Fuel prices have gone for a pause after rising on 22 of the past 24 days as oil marketing companies (OMC) kept the pump prices of petrol and diesel unchanged on Tuesday. In the national capital, the petrol price on Tuesday stood at Rs 80.43 per litre and diesel at Rs 80.53 a […]

PJ
Indian Startups To Create Better Than Chinese Apps: Javadekar

New Delhi: Union Information & Broadcasting Minister Prakash Javadekar hailed the Modi government’s decision to ban 59 Chinese applications, connecting the move to ‘Atmanirbhar Bharat’. Taking to social media, Javadekar remarked, “The whole country has appreciated the decision of the @narendramodi govt to ban 59 Chinese Apps. This will give a fillip to Indian Startups […]

HDFC
HDFC Bank Launches 'e-Kisaan Dhan' App For Farmers

Mumbai: HDFC Bank on Tuesday launched ‘e-Kisaan Dhan’ app for farmers across India to access a bouquet of agricultural and banking services on their mobile. The app, which serves as a repository of knowledge and information for any individual engaged in farming, helps meet needs of the rural ecosystem. The app will also provide value-added […]

DOT
Centre Asks Telcos, ISPs To Block Access To Banned Chinese Apps

New Delhi: The Department of Telecommunications (DoT) has directed telecom operators and internet service providers to block access to all the 59 Chinese apps banned by the government with immediate effect, sources said. DoT has asked all the service players to comply with the order and submit compliance reports. The development comes after the Centre […]

Petrol
Petrol, Diesel Prices Finally Cut After 15 Days Pause

New Delhi: Fuel prices in the country finally fell on Thursday with oil marketing companies deciding to pass the benefit of softer global oil prices earlier this month to the…

auto
Auto Sales Show Subsequent Uptrend In June

New Delhi: India’s major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. Accordingly, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate. However, analysts said that the industry is still reeling under the impact of the Covid-19 outbreak. On a company-specific […]

Jio
US-Based Intel Capital To Invest Rs 1,894 Crore In Reliance Jio Platforms

New Delhi: Reliance Industries Limited (RIL) and Jio Platforms Limited on Friday announced that Intel Capital will invest Rs 1,894.50 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39 per cent equity stake in […]

Jio Zoom
Zoom Says Not Worried About Jiomeet Competition

New Delhi: With Reliance Jio launching a Make in India free video-conferencing application JioMeet that directly takes on Zoom, the US-based company said on Saturday they are not worried about the upcoming competition and know what it takes to become a successful unified communications platform. JioMeet offers enterprise-grade host control and security that and can […]

MSMEE
Liquidity To MSME Rises As Bank Sanctions Cross Rs 1.10L Cr

New Delhi: The Central government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 1, 2020, public sector and private banks have sanctioned loans worth over Rs 1.10 lakh crore under the 100 per cent Emergency […]

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