RBI notifies interest waiver scheme: Directs banks, NBFCs to comply

New Delhi (IANS) The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of difference between interest on loans of up to Rs 2 crore in a bid to provide amid the pandemic.

In a notification, RBI said: "All…

Taxes on petrol, diesel may go up further to mobilise additional revenue for Covid relief

New Delhi (IANS) The economic crisis triggered by the Covid-19 pandemic and subsequent pressure on revenues may again push the Centre to raise excise duty on petrol and diesel.

Sources indicated that another Rs 3-6 per litre increase in excise…

Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future

Mumbai (IANS) After a Singapore arbitration court ordered a temporary stay on Reliance Retail's acquisition of the debt laden Future Group's retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian…

Muthoot Finance to raise Rs 2K cr through public issue of secured NCDs

New Delhi (IANS) Muthoot Finance Ltd. on Monday announced its 23rd series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs 1,000 each.

The Issue is with a base issue size of Rs 100 crores with an option to…

Franklin Templeton likely to approach SC over Karnataka HC order

New Delhi (IANS) Franklin Templeton India may appeal in the Supreme Court against the Karnataka High Court's order regarding the winding up of the six schemes.

In a letter to the investors, Sanjay Sapre, President, Franklin Templeton Asset…

BSE Sensex retraces January levels

New Delhi (IANS) The BSE Sensex has retraced the levels of January-end in October after plunging in March due to the Covid-19 pandemic.

All eyes are on the benchmark indices if they can move up further to the highs of 42,273 points hit on January…

Cyberattack on Dr Reddy's Labs sharp reminder to strengthen digital infrastructure: Analysts

New Delhi (IANS) The cyberattack on Dr Reddy's Labs came as a sharp reminder to strengthen its digital infrastructure and tighten cyber security control measures, according to analysts.

According to a report by HSBC, damage control and…

Steady oil prices holds up any reversion in petrol diesel prices

New Delhi (IANS) The pump prices of auto fuels petrol and diesel remained unchanged on Saturday as softer global crude and product prices prevented oil marketing companies from carrying out any revision in prices.

With this, Petrol prices have…

Airtel Africa's Jul-Sep net profit down 8.8%

New Delhi (IANS) Airtel Africa on Friday reported a fall of 8.8 per cent in its net profit on a year on year (YoY) basis at $88 million for the quarter ended September.

The company's revenue for the period under review was $965 million…

Flipkart to acquire 7.8% stake in Aditya Birla Fashion for Rs 1,500 Cr

Bengaluru (IANS) Flipkart Investments will pick up 7.8 per cent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore.

The equity capital will be raised at Rs 205 per share. The promoter and promoter…