SEBI bans 'Profitsaim' for unregistered investment advisory

Mumbai (IANS) The Securities and Exchanges Board of India (SEBI) has barred an unregistered investment advisory firm Profitsaim and its proprietor Syed Ayaz from the stock markets for a period of two years for providing unauthorised investment recommendations.

Fuel price rise paused on Monday after rising for 2 days

New Delhi (IANS) Petrol and diesel price rise went on a pause mode on Monday after rising sharply for past two days that took up the price of the two auto fuels by up to 70 paise per litre.

Accordingly, the price of petrol remains at Rs 98.46…

FM announces Rs 1.1 L cr loan guarantee scheme for Covid affected sectors

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Monday announced a Rs 1.1 lakh crore loan guarantee scheme for Covid-affected sectors.

The scheme would include Rs 50,000 crore loan to the health sector aimed at scaling medical infrastructure…

In major Covid relief, Centre's monetary support for several sectors

New Delhi (IANS) Centre on Monday announced eight economic relief measures for India Inc, state governments as well as micro finance credit users.

Accordingly, Finance Minister Nirmala Sitharaman announced these measures here.

The schemes…

FM rolls out loan guarantee scheme for tourist guides, travel agencies

New Delhi (IANS) At a time when the tourism sector has been among the worst-hit segments in the economy and small stakeholders have been facing financial difficulties, Finance Minister Nirmala Sitharaman, on Monday, announced that loans will be provided…

Indian economy poised for recovery in FY22: SBI Chairman

Mumbai (IANS) Although the second wave of the Covid-19 pandemic again brought businesses and economic activities to a standstill, Chairman of the State Bank of India (SBI), Dinesh Kumar Khara has expressed hope that the country's economy would…

India's gold imports rose in May, while silver imports decline

New Delhi (IANS) Gold worth $679.16 million (Rs 4,976.07 crore) was imported in May, according to Commerce Ministry data. This is multiple times higher than $76.31 million worth of gold imported in May last year amid a nationwide lockdown.

Further,…

RBI restricts continuous tenure of UCB MDs to 15 years

Mumbai (IANS) The Reserve Bank of India has limited the maximum continued term of managing directors and whole time directors (WTD) of urban cooperative banks (UCBs) to 15 years in a series of steps taken to ensure professional management of these…

Equity indices in green, Sensex up 200 points

Mumbai (IANS) The key Indian equity indices traded in the positive territory on Thursday morning with the BSE Sensex rising over 200 points.

IT stocks witnessed healthy buying so far, while heavy selling in oil and gas and power stocks capped…

S&P lowers India's FY22 growth to 9.5%

New Delhi (IANS) Ratings agency S&P Global Ratings on Thursday lowered India's economic growth forecast to 9.5 per cent for this fiscal from an earlier prediction of 11 per cent.

According to the ratings agency, India's growth in fiscal…