RBI's directive credit negative for HDFC Bank: Moody's

Mumbai (IANS) The Reserve Bank's directive to HDFC Bank for temporarily stopping all launches of the Digital Business generating activities and sourcing of new credit card customers is "credit negative for the lender", Moody's Investors Service…

Covid effect: RBI asks banks not to declare dividend for FY 20

New Delhi (IANS) The Reserve Bank of India (RBI) has asked banks to conserve capital and not make any dividend payments for financial year 2020.

RBI Governor Shaktikanta Das said in his monetary policy statement on Friday that in response to…

Centre's GST compensation formula gets nod from all states

New Delhi (IANS) All the 28 states and three union territories with legislature have decided to go for the Centre-suggested compensation formula to meet the revenue shortfall arising out of the GST implementation.

Jharkhand, the only remaining…

CAIT asks ED to take strict action against Amazon

New Delhi (IANS) The Confederation of All India Traders (CAIT ) has written to the Enforcement Directorate(ED) with all the necessary details to prove that since the beginning of Amazon in India in 2012, it has brazenly and flagrantly violated the…

Alliance Air commences Mumbai-Goa daily direct flights

New Delhi (IANS) Air India subsidiary Alliance Air on Saturday said it commenced daily direct flight operations from Mumbai to Goa.

According to the airline, the inaugural flight operates on Friday had a hundred per cent load factor.

"To…

Sensex hits 45K mark for first time ever

Mumbai (IANS) The BSE Sensex crossed the 45,000 mark for the first time ever, after the RBI Governor Shaktikanta Das said that the accommodative stance would continue for the rest of FY21 and revised the growth prospects.

Around 11.10 a.m.,…

Initial response from investors for PMC Bank positive : Das

Mumbai (IANS) The Reserve Bank of India (RBI) expects resolution plans for Mumbai-based Punjab and Maharashtra Co-operative (PMC) Bank soon as initial response from investors have been positive.

At the post MPC meeting conference, RBI Governor…

RIL tops Fortune India 500 list of India's largest companies

New Delhi (IANS) Reliance Industries Limited (RIL) has been ranked Number One in the 2020 Fortune India 500 list of India's largest companies.

According to Fortune India, Reliance pipped the public-sector Indian Oil Corporation (IOC) last…

ICICI Bank sets up presence in Nepal

Mumbai (IANS) Lending major ICICI Bank on Thursday launched its operations in Nepal, via a representative office, to become the first Indian private sector bank to set up its presence in the country.

The bank opened a representative office…

Nissan prices all-new Magnite SUV at Rs 4.99L

New Delhi (IANS) Automobile manufacturer Nissan India on Wednesday announced the special introductory price of all-new Nissan Magnite, starting at Rs 4,99,000 (ex-showroom) valid until December 31, 2020.

Accordingly, the company commenced the…