Fiscal package may be on cards to maintain economic recovery amid Covid 2.0

New Delh (IANS) A fiscal stimulus package may be on the cards again as the government looks at ways to prevent the present surge in Covid-19 cases and the ensuing restrictions imposed by the states from derailing the economic recovery.

After…

HDFC Bank's Q4 standalone net profit rises over 18%

Mumbai (IANS) Lending major HDFC Bank on Saturday reported an 18.2 per cent increase in its standalone net profit for the fourth quarter of FY21 ended March 31, 2021 on a year-on-year (YoY) basis.

The bank's net profit for the fourth quarter…

Mutual funds' AUM surges 41% to Rs 31 lakh cr in FY21

Mumbai (IANS) Assets under management (AUM) of the mutual fund industry witnessed a growth of 41 per cent in the last financial year to touch a new high of Rs 31.4 lakh crore.

The growth was primarily led by an increase in AUM of equity funds…

2nd Covid wave poses threat to India's economic recovery: Moody's

New Delhi (IANS) The second wave of infections presents a risk to Moody's growth forecast for India as the reimposition of virus management measures will curb economic activity and could dampen market and consumer sentiment.

Moody's…

Vedanta signs MoU with research institutes for value-creation from bauxite residue

New Delhi (IANS) Vedanta, India's largest producer of aluminium and its value-added products, has signed a memorandum of understanding (MoU) for value-creation from bauxite residue (red mud), which is a by-product generated during processing of…

Flipkart enters into strategic partnership with Adani Group

New Delhi (IANS) Flipkart, India's leading homegrown e-commerce marketplace, Monday announced a strategic and commercial partnership with the Adani Group, India's largest multinational infrastructure company.

In this two-pronged partnership,…

Sensex down 1,100 points amid rising Covid cases

Mumbai (IANS) The key Indian equity indices traded deep in the red on Monday morning with the BSE Sensex dropping around 1,100 points amid resurgent Covid cases across the country and concerns of localised lockdowns.

An across-the-board selloff…

Tata Comms, BIX extend partnership for high-speed internet in Bahrain

Mumbai (IANS) Tata Communications and Bahrain Internet Exchange (BIX) have extended their partnership to offer high speed internet connectivity with very low latency for a superior quality and seamless viewing, gaming and download experience for customers…

Fuel prices unchanged for 12th straight day

New Delhi (IANS) Oil marketing companies (OMC) kept petrol and diesel prices unchanged for the 12th straight day across the four metro cities on Sunday.

In the national capital, petrol was sold for Rs 90.56 per litre.

Prices of the fuel…

Centre may redraw bank recapitalisation plan in wake of new challenges

New Delhi (IANS) The government may redraw the recapitalisation roadmap for public sector banks (PSB) in the current fiscal as the institutions face additional burden to meet interest on interest obligation for all its borrowers while changes in valuation…