The Tamil Nadu govt. has set up a high level committee headed by former RBI Governor and former Chairman of the Prime Minister's Economic Advisory Council, C Rangarajan. The committee which is comprised of economists and as well as industry experts will assess the overall immediate and med-term impact...
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...
India’s fuel demand growth can return to normal levels by mid-May as the nation take steps to end a lockdown aimed at stemming the spread of corona virus. Fuel demand growth in India plunged to historic lows in April, provisional data shows, as the country’s eight-week long lockdown badly...
Unemployment : Since the pandemic situation began, the US has suffered its worst growth numbers in a decade and the worst retail sales report on record. Just about two months ago, the unemployment rate was at 3.5%, a 50-year low. Economist Erica Groshen the former head of the government's...
The Union Ministry of Defence on Friday, 8 May signed a deal with Tata Power Strategic Engineering Division (SED) worth Rs 1,200 crore to modernise infrastructure af 37 airfields for the 'Indian Air Force' (IAF), Indian Navy and Indian Coast Guard (ICG). This proposal was approved by Defence Minister...
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...
The Facebook-backed Libra cryptocurrency project appointed a former US finance policy chief because it s first chief executive as it seeks to win the favour of worldwide regulators. Facebook's Libra appoints HSBC legal chief Stuart Levey as CEO Libra Association, the entity managing the Facebook Inc led effort to...
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...
Cure.Fit, a health, fitness and food start-up floated by former Flipkart and Myntra executive Mukesh Bansal and Ankit Nagori repectively laid off 1,000 people in India. As per the employee sources, the company had around 5,000 people in January this year. Cure.Fit has multiple branches such as Care.Fit, Eat.Fit,...
The Securities and Exchange Board of India (SEBI) told on Thursday that it has advised Franklin Templeton Mutual Fund to focus on returning money to investors, in the context of their winding up six of their debt schemes. The market regulator's comments come a day after Franklin Templeton’s global...