AIIB's $750 mn loan to India for corona response

New Delhi (IANS) The Asian Infrastructure Investment Bank (AIIB) has approved a $750 million loan to India to assist the Centre in its fight against the coronavirus pandemic and its impact on the poor.

This loan follows a $500 million emergency…

Equities trim gains as border tension with China escalates

Mumbai (IANS) The Indian equity indices closed in the green on Tuesday, although they pared major gains made during the initial trade over escalation in the India-China border tension.

After the gap-up opening, indices fell from the day's…

Alto completes 16 yrs as largest selling car in India: Maruti Suzuki

New Delhi (IANS) Automobile major Maruti Suzuki's hatchback Alto has maintained an unbroken 16-year-long spree of being the largest selling car in India.

According to the company, Alto's off-take has been the largest in the country…

India's May WPI Food inflation eases to 2.31%

New Delhi (IANS) India's annual WPI Food Index eased to 2.31 per cent in May from a rise of 3.60 per cent in April, official data showed on Monday.

However, the Centre did not release the complete set of WPI figures for May due to the Covid-19…

Bank union seeks fixing limits for cheque bounce

Chennai, June 15 (IANS) The All India Bank Employees' Association (AIBEA) has suggested fixing of financial limits for attracting the criminal provisions relating to bouncing of cheques in the Negotiable Instruments Act instead of the decriminalising…

Fuel prices rise over Rs 4/litre since resumption of daily revision

New Delhi (IANS) Fuel prices recorded eighth consecutive hike on Sunday, taking the total increase since the resumption of the dynamic price revision system to more than Rs 4 per litre.

In the national capital, petrol price rose by 62 paise…

Consumer PE fund L Catterton invests Rs 1,895 cr in Jio Platforms

New Delhi (IANS) Reliance Industries Limited (RIL) and Jio Platforms Limited, Indias leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity…

India's forex reserves cross $500 bn mark

Mumbai (IANS) India's foreign exchange reserves rose by over $8.223 billion during the week ended June 5 to cross the $500 billion mark.

According to the RBI's weekly statistical supplement, the overall forex reserves increased to $501.703…

No respite: Fuel prices continue to rise through week

New Delhi (IANS) Petrol and diesel prices continued to rise through the week with the two petroleum products getting dearer by 59 and 58 paise per litre on Saturday.

The auto fuel prices have now risen seven days in a row with pump prices of…

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…