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…

India could move to 2 dominant telcos in Airtel, Jio

New Delhi (IANS) Despite Vodafone Idea giving guarantee, the telcos market is seen gravitating towards a two-player dominant market with Bharti and Reliance Jio.

According to a research note by BofA Securities, "We view SC verdictas negative…

Sensex plunges 1,100 points on global cues as Covid cases surge

Mumbai (IANS) The BSE Sensex plunged over 1,100 points during initial trade on Friday tracking a similar trend in the global markets.

International indices fell over growing concerns of rise in coronavirus cases in several countries after the…

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…

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…

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…

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…

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…

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…

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…