Flurry of lockdowns interrupted recovery in July 2nd half: Bajaj Auto

New Delhi (IANS) The flurry of lockdowns across the country in many major cities and states interrupted the recovery in the second half of July, according to Rakesh Sharma, Executive Director, Bajaj Auto. "As a result the outcome in July was a bit…

Gold, silver prices now collapse after record run

Mumbai (IANS) Futures of gold and silver which were touching new highs every other day lately have started to falter in line with international markets and traders booking profits.

The fall in gold prices, which is considered as a safe haven…

Covid curbs may further push back auctions for commercial coal mines

New Delhi (IANS) The government may push back the bidding for commercial coal mines as the Covid-19 pandemic continues to restrict free movement while the investors want more time to place their technical bids based on site visits and evaluation.

Sensex up 300 points, Nifty above 11,300 mark

Mumbai (IANS) The key Indian equity indices traded on a positive note on Monday morning with the BSE Sensex gaining over 300 points.

Healthy buying was witnessed in healthcare, capital goods, auto and banking stocks.

Around 10.15 a.m.,…

SpiceJet operates first long-haul wide-body charter flight to Canada

New Delhi (IANS) Airline major SpiceJet on Saturday became the first Indian budget carrier to operate a long-haul wide-body charter flight to North America.

The airline repatriated 352 Canadian nationals and permanent residency holders from…

Affle India reports 42% rise in Q1 consolidated net profit

New Delhi (IANS) Affle (India) Ltd has reported a 42.3 per cent rise in its consolidated net profit for the April-June quarter at Rs 18.77 crore. During the corresponding period of last fiscal, it had reported a net profit of Rs 13.19 crore.

It…

Kamath to head RBI panel; Diwakar, Manoharan, IBA CEO on board

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday announced the constitution of an expert committee led by KV Kamath to make recommendations on a special window for Covid-related stressed assets under the bank's 'Prudential Framework…

Covid Relief: RBI extends scheme for MSME debt restructuring

Mumbai (IANS) The Reserve Bank of India on Thursday extended a scheme whereby stressed MSME borrowers will become eligible for restructuring their debt, provided their accounts with lenders were classified as 'standard' as on March 1, 2020.

RBI for online dispute resolution system in digital payments

Mumbai (IANS) In a major development for digital payment services, the Reserve Bank of India has decided that payment system operators (PSOs) will have to implement Online Dispute Resolution (ODR) systems in a phased manner.

The RBI has said…

Markets open on a positive note Wednesday morning

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 37,892.36 points and touch a high of 38,032.65 points. The Sensex touched a low of 37,889.59 points.

On Tuesday,…