Business News Updates

Amazon
E-Commerce Giant Amazon Plans To Create 'Thousands Of Job Opportunities' In India

New Delhi: Amazon is looking forward to creating thousands of job opportunities in India as the e-commerce giant plans to make 10 new warehouses operational in the country ahead of the festive season. With the new additions, Amazon.in will have more than 60 warehouses, or fulfillment centres, in 15 states, with a total storage capacity […]

Postal-saving-scheme
Postal Dept Extends All Small Savings Schemes Upto Branch Post Office Level

New Delhi: In order to strengthen its network and postal operations in rural areas and provide the facility of small savings scheme to the vast majority in villages, the Department of Posts has now extended all small savings schemes upto the Branch Post Office level. There are 1,31,113 Branch Post Offices functioning in rural areas. Apart […]

bpcl
BPCL Strategic Disinvestment To Sail Through Without Further Extensions

New Delhi: Government is confident that the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) may go through without any further need to extend the bidding deadlines. The deadline for submitting the Expressions of Interest (EoI) for 52.98 per cent stake in the BPCL will end on July 31. BPCL disinvestment has received interest from […]

India-INX
India International Exchange Daily Turnover Volume Crosses Record $4.92 Billion

Mumbai: The India International Exchange (India INX) has witnessed an all-time-high turnover of over $4.92 billion or nearly Rs 36,866 crore on its derivative segment in daily trading turnover on last Friday. Accordingly, trading volume on the BSE‘s India International Exchange has grown exponentially since the commencement of trading activities on January 16, 2017. “Its […]

diesel-price-hike
Diesel Price Hikes Again, Nears Rs 82 A Litre After 15 Paise Increase

New Delhi: Diesel price in the national capital on Sunday inched towards the Rs 82 per litre-mark following the second consecutive day of price hike. Diesel price was increased by 15 paise per litre, according to a price notification of state-owned oil marketing companies. This took the retail selling price in the national capital to […]

HDFC
MD Of HDFC Bank Sells Most Of His Stake For Rs 843 Crore

Mumbai: The MD of HDFC Bank, Aditya Puri has sold over 74.2 lakh shares, 95 per cent of his stake in the bank for around Rs 842.87 crore during the week gone by. Prior to the transaction, Puri held 0.14 per cent stake — 77.96 lakh shares — and post the sale he holds 0.01 […]

RBI-Governor
RBI Guv Says, Extreme Risk Aversion To Have Adverse Outcomes

New Delhi: As the economy reels under the pandemic and post lockdown woes, Reserve Bank of India (RBI) Governor Shaktikanta Das is of the view that extreme risk aversion by financial institutions will have adverse outcomes for all. Noting that India’s financial system remains sound, Das, in his foreword to the RBI‘s latest Financial Stability […]

Mining-Companies
India's National Mineral Index To Boost Smaller Mining Companies

New Delhi: The introduction of the National Mineral Index will help the mining sector to become competitive and inviting healthy competition in auctions and active participation by smaller mining companies. As part of the steps by the Union Government to introduce a slew of legislative reforms in coal and mining sector, the National Mineral Index […]

Gold
Gold Price Surge Continues, Touches Rs 51,833 Per 10 gm

Mumbai: With persistent concerns for the global economy, gold futures continued to climb new record levels on the Multi-Commodity Exchange (MCX) on Monday. Earlier in the day, the August contract of gold on the MCX hit an all-time high of Rs 51,833 per 10 gram. Currently, it’s trading at Rs 51,778.00, higher by Rs 743.00 […]

fundraising
Markets Undeterred By Covid, Fundraising Increases

New Delhi: Despite the uncertainty prevailing in FY 2020-21 owing to Covid-19 pandemic, fundraising in FY 2020-21 was better than that in FY 2019-20 for both Public Issues and Rights…

RBI-Guv-Shaktikanta-Das
RBI Monitoring Economic Situation, Will Take More Action To Fuel Growth: Guv Shaktikanta Das

New Delhi: RBI Governor Shaktikanta Das on Monday assured the industry that the central bank was closely monitoring the economic situation and will not hesitate to take appropriate action, as he underlined the need for stepping up investment in the infrastructure sector to reignite growth hit by the COVID-19 crisis. Addressing members of industry chamber […]

SBI-IRCTC-Card
SBI-IRCTC Credit Card Launched For Railway Passengers

New Delhi: Emphasising Prime Minister Narendra Modi’s Atmanirbhar India mission, Railway and Commerce Minister Piyush Goyal on Tuesday launched the SBI-IRCTC credit card that offers a host of benefits to rail passengers. “We are strongly committed in making Railways ‘Atmanirbhar’ in all the fields with ‘Make in India’ initiatives as envisaged by the Prime Minister. […]

Agro-Export
Atmanirbhar Bharat: India Can Be Major Agro Products Exporter

Mumbai: India can emerge as top five exporters of agro commodities in the world if the central and state governments take effective measures to handhold farmers, a study conducted by MVIRDC World Trade Center Mumbai showed. According to the study, through focused intervention in capacity building, India can enhance its agro-export to surpass Thailand and […]

bpcl 1
BPCL May Buy Out Oman Oil From Bina Refinery Before Disinvestment

New Delhi: Disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in its refinery joint venture in Madhya Pradesh, the Bharat Oman Refineries Ltd (BORL). Government sources said that the BORL became a subsidiary of BPCL in March this year and the next step […]

MODIJI
PM Modi Discusses Credit Growth, Risk Aversion With Banks, NBFCs

New Delhi: Prime Minister Narendra Modi on Wednesday held a meeting with the stakeholders of banks and NBFCs and discussed issues in the financial sector, including credit growth and risk aversion. The meeting largely talked about the vision and roadmap for the future. A statement from the Prime Minister’s Office (PMO) said that the crucial […]

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