Germany Launches AntiTrust Investigation: There is an AntiTrust Investigation is going to start against Amazon, This Germany AntiTrust Investigation is regarding that Amazon is using the private data of some retailers who sell their product on its platform. this investigation is in the guidance of European commission The President of...
Citigroup Accidentally sent $900 Million: The big multinational company Citigroup has accidentally made a payment of worth $900 million to a famous cosmetics company named Revlon. This payment is made due to writing errors. Revlon Inc. is still in some legal dispute with its lenders regarding its debt-management. About half...
The RBI transfers Rs. 57,128 crores surplus to the government: A dividend amount of Rs. 57,128 crores have been approved by the Reserve Bank of India to the government for its fiscal year. As recommended by the Jalan Committee to review RBI’s capital framework. A decision is to take to...
Portions of Biocon bounced just about 5 percent intraday on July 14 after the organization said it will dispatch biologic medication Itolizumab for the treatment of moderate to extreme COVID-19 patients at a cost of around Rs 8,000 for every vial.The organization has gotten endorsement from the Drugs Controller...
Meanwhile, on the broader Nifty 50 index, the top gainers at the time of closing were Bharti Infratel, Hero MotoCorp, Larsen & Tubro, and Ultratech Cement. Top losers on Nifty-50 were Tech Mahindra, Infosys, Hindalco Industries, HDFC, and Indusind Bank. Most Nifty sectoral indices today traded in red including Nifty...
Petrol and diesel prices were hiked by around 60 paise per liter on Monday, as the state-owned oil marketing companies reverted to the normal practice of daily price revisions after a gap of 83 days. Monday's hike marked a second straight day of upwards revision in fuel prices by...
Commercial establishments such as malls, shopping centers, restaurants, and office complexes reopened across most parts of the country after two-and-a half-months as part of the govt’s Unlock-1 measures on Monday. Though by no means it was business as usual certainly it pointed towards businesses limping back to normalcy. While...
India's economy will shrink by around 3.2 percent in the current fiscal, the World Bank told on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate because of the coronavirus pandemic lockdown halting the economic activity. In its latest edition of...
IndusInd Bank was one of the top Sensex gainers after promoters of the bank announced to acquire shares of the bank from the secondary market. The other gainers on the index were Bajaj Finance, Axis Bank, ONGC, and Titan Company. However, on the other side, M&M was the top...
Rating agency Crisil on Monday said that the bank credit growth will likely nosedive to 0-1% in FY21, due to the economic activity being impacted by COVID. “This is in sharp contrast to Crisil’s earlier expectation of 8-9% credit growth before the pandemic struck. In other words, the impact...