SC gives 3 days to Fin Min, RBI to decide on moratorium period interest

New Delhi (IANS) The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged…

HDFC cuts retail prime lending rate by 20 bps

Mumbai (IANS) The Housing Development Finance Corporation (HDFC) on Friday reduced the retail lending rate on both home and non-home loans by 20 basis points with immediate effect.

In a regulatory filing, the company said that the reduction…

Boeing expects aviation industry to recover despite COVID-19

Washington (IANS) Global aviation industry will recover and grow again despite the COVID-19 pandemic's impact, Stan Deal, president and CEO of Boeing Commercial Airplanes, said.

The aviation industry is facing an unprecedented shock from…

RIL promoter group allotted 53.2% shares in rights issue

New Delhi (IANS) The promoter group of Reliance Industries Limited (RIL) has been allotted 22.50 crore partly paid shares out of 42.26 crore shares on offer in the rights issue which is 53.2% of total.

As per the shareholding pattern given…

Global credit rating agencies validate govt's reforms programme: CEA

New Delhi (IANS) India's growth outlook presented by a leading global credit agency validates the Modi government's structural reforms programme, a key government economic advisor said in Thursday.

In an online press briefing, Chief…

Google Cloud, Deloitte global alliance to help Indian firms go digital

New Delhi (IANS) To help enterprises begin their journey towards digital transformation via building virtual workplaces, Deloitte and Google Cloud have announced to extend their strategic global alliance to India.

The move will help enterprises…

Players like Jio are coming and shaking up the whole space: Nestle CMD

New Delhi (IANS) Suresh Narayanan, Chairman and Managing Director, Nestle India in a Q&A session with a broking house, Jefferies said there is going to be a lot of interesting play in the consumer goods industry as a result of COVID.

He said…

In-home consumption surges as people binge on biscuits, salty snacks

New Delhi (IANS) Food categories like biscuits, salty snacks, instant noodles, beverages, edible oils are seeing an increase in demand as in home consumption increases while out of home consumption of FMCG products is expected to take a back seat…

Petrol, diesel prices rise third day in a row

New Delhi (IANS) Oil marketing companies on Tuesday increased the price of petrol and diesel by 54 and 58 paise per litre respectively, the third such successive raise to cover for the rise in global crude prices.

The increase has been made…

Amid corona crisis, FIIs return to India as stocks get attractive

Mumbai (IANS) In the midst of the pandemic and global slump, Indian equities have turned out to be a favoured investment destination for foreign institutional investors (FII), courtesy low valuations and recent stimulus measures along with steps to…