In the wake of the reports of mounting troubles for migrant workers around the country during the COVID-19 pandemic situation, the Yogi Adityanath government in UP has been decided to set up a Commission for migrant laborers who have returned to the state. The Commission will ensure that no...
Risk-averse banks continued to lend less to the clients despite the double-digit growth seen by bank deposits. The overall credit growth rate in the banking sector for the fortnight ending 8th May stood at 6.5%, while the bank deposit growth rate was at 10.6%, that according to Care Ratings....
The country is producing more than 3 lakh PPE and N95 masks per day, as the ministry of health and family welfare (MoHFW) said today. “States/UTs, also as Central Institutions, are given around 111.08 lakh N-95 masks and around 74.48 lakh PPE,” because the MoHFW statement said. In response to some...
Investment through participatory notes within the domestic capital market increased to Rs 57,100 crore as of April 30 after falling to over 15-year low at the top of preceding month. P-notes are issued by registered foreign portfolio investors to overseas investors who wish to be a part of Indian stock...
The ‘Canara Credit Support’ is extended quick and hassle-free loan to overcome temporary liquidity mismatches for payment of statutory dues, salary or electricity bill ,and rent etc., the bank said in a statement. The statement further added that the bank has since sanctioned nearly 6 lakh loans amounting to Rs...
Some Bajaj bikes that didn’t get the price hike are sporting a new increased tag. The Bajaj NS200 is one of those. The Pulsar NS200 price in India begins from Rs 1.28 lakh now, that up from the previous BS6 model’s Rs 1.25 lakh tag. The price difference now...
Four of the ten most valuable companies added Rs 1,12,121.1 crore in market valuation last week, with Tata Consultancy Services topping the chart. Bharti Airtel, Infosys, and ITC were the other gainers from the top-ten list. On the other hand, RIL, HUL, HDFC Bank, HDFC, Kotak Mahindra Bank and ICICI...
India's gas production dropped by almost one fifth in April due to the lower offtake by industries during the nationwide coronavirus lockdown, consistent with official data released on Saturday. Gas output at 2.16 billion cubic meters in April was 18.6 percent less than 2.65 cm production within the same...
Most of the sectoral indices ended lower with up to 3.06 percent decline. Nifty Financial Services dropped 272 points dragged by M&M Financial Services, Shriram Transport Finance, and PFC as well. Halting the 3-day rally, BSE Sensex and Nifty 50 ended in the red as the extension of the moratorium...
In an effort to give more cash in the hands of people during the coronavirus crisis, the central board of direct taxes has issued net tax refunds of Rs 26,242 crore since April 1 and May 21, 2020as well. The CBDT has already issued income tax refunds amounting to...