ICICI Lombard hasbeen posted a 23.8 percent rise in March quarter profits at Rs 281.93 crore due to a reduction in underwriting losses as the private insurer’s premium income dropped both for the quarter and full financial year. The loss reduced about Rs 29.42 crore in Q4FY20 as compared...
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 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...
On Friday, the share market ended in a negative territory mainly dragged down by losses in FMCG stocks, banks, and auto sectors. The Sensex closed with a loss of 136 points to 39,614 points while the nifty closed with a loss of 8 points to 11,642 points. These losses...
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,...
Reliance Industries Ltd is the India's largest company, on Thursday said its board has approved to separate its oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco. After the approval, the oil-to-chemical business will become...
Stocks to Watch – On Tuesday, the share market ended on a negative. The session remained a little unchanged as banking, financials, pharma, and FMCG stocks turned negative soon after opening. The Sensex ended 8 points lower to 37,973 points while Nifty closed with a loss of 5 points...
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...
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...
Tesla Inc. is an American electric vehicle company situateded in California. Recently Tesla shares stumbled after its CEO Elon Musk tweeted on Friday that the company's stock price was “too high”, triggering a free fall in stock prices. According to the report, Tesla shares fell nearly about 12% in...