The country’s largest lender State Bank of India (SBI) on Thursday reduced its Marginal Cost of Funds based Lending Rate (MCLR) by 15 basis-points (bps) across all the tenors. With this reduction the one year MCLR will be around 7.25% with effect from May 10. State Bank of India...
IndiGo denied that it was seeking to acquire Virgin Australia. The Australian Financial Review reported on Monday that it was putting together a proposal to bid for the bankrupt airline. IndiGo has not formulated any such proposal and neither does it have any interest in this matter, the airline told...
GlaxoSmithKline Plc (GSK) will begin selling its stake in Hindustan Unilever Ltd estimated to be worth almost ₹29,850 crore (between $3.5-3.7 billion), a person aware of the development told. GSK received the shares earlier this month in return for the sale of its Indian consumer business to Hindustan Unilever...
The Battle between Reliance and Amazon: Jeff Bezos has been setting hands in almost everything from grocery delivery to insurance to drugs in India. Thus begins the epic clash between Amazon and Mukesh Ambani's hard-charging Jio platforms. This U.S. based company has been spreading at the speed at which no...
The government has announced a new Public Sector Enterprise policy that will open up all the sectors for the private sector while the public sector enterprises will play an important role in the defined areas. The new policy will broadly categorise strategic sectors. The government will notify a list of...
Niti Aayog CEO Amitabh Kant told that the government is working on a package of structural reforms across sunrise sectors to convert India into a global manufacturing and exporting hub. He listed healthcare, education, mobility, genomics, AI, 5G network, fintech and manufacturing as high priority areas for rapid and...
Tesla has not been given the green light to open factory in Fremont, Calif. Alameda County Health Officer Dr. Erica Pan said in a videostreamed town hall meeting on Friday. Tesla made a plan to open as early as Friday in defiance of the county’s extended stay at home...
Another around three million Americans filed for unemployment benefits last week as the coronavirus pandemic situation continued to exact its terrible toll on the US jobs market. As the reprt says that more than 33 million jobless Americans have been making claims in the past seven weeks. The latest figures...
The Boeing Co. is an American multinational company that designs as well as manufactures and sells airplanes, rotorcraft, rockets, satellites etc through the worldwide. On Thursday the Boeing Company told that it doesn’t have any plan to seek federal aid after raising a whopping $25B in a bond offering,...
ICICI Bank ;the largest private company of country, on Saturday reported 26% rise in its net profit at ₹1,221Cr for the quarter by March 31 2020. The lender's net profit in year ago period was ₹969 Crore. The lender missed the average estimate of ₹3,510.50 crore made by 16...