Business news

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.

Mar 14, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

Roller coaster Friday: Sensex recovers whopping 5400 points after hitting lower circuit

Soon after the trading session was resumed, the indices at both BSE and NSE Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows.

Mar 13, 2020

Coronavirus carnage: Sensex plummets over 3,000 points crash; trading halts for 45 mins

The S&P BSE Sensex was down over 3000 points to hit below 30,000 levels while the NSE barometer Nifty plummetted nearly 1,000 points or 10.07 per cent.

Mar 13, 2020

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

State Bank of India (SBI) has cut the interest rates on its savings bank account to 3 per cent and has also done away with the need for customers to maintain an average quarterly balance.

Mar 13, 2020

Deposited money is safe: RBI asks state government to stop withdrawals from private banks

The trigger of such heavy withdrawal is believed to be the Yes Bank crisis that was superseded by the RBI placed restrictions on withdrawals.

Mar 13, 2020

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

In one of corporate India's biggest work from home experiments battling the spread of coronavirus, Flipkart mandates its 11,000-strong workforce to work-from-home for the next three days. Also, Bengaluru-based startups - Fintech player Instamojo, edtech player Unacademy, Urban mobility platform Bounce, social commerce firm Meesho and Zerodha have asked their staff to mandatorily work from home.

Mar 13, 2020

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

Large financial institutions and corporates are ramping up their contingency planning efforts to combat the spread of coronavirus amongst its staffers, which include telling them to self-quarantine for 14 days if exposed to someone suffering from the virus, deep cleaning of offices and splitting operations such that some staff can work-from-home in affected regions.

Mar 12, 2020

No relief package for telcos 'under consideration': DoT to re-examine AGR documents

Ever since Mukesh Ambani led Reliance Jio Infocom entered the telecom market, the tariff has drastically reduced which in turn has affected the revenues of telecom companies

Mar 12, 2020

Stock markets bleeds: Sensex crashes 2,700 points, Nifty below 10,000 mark amid Covid-19 fears

The US S&P 500 futures slipped as much as 4.9 per cent, a day after losing 4.89 per cent, putting the index firmly in a bear market territory for the first time since the 2008 global economic crisis.

Mar 12, 2020

SBI removes minimum balance charges for all saving accounts

SBI had already announced slashed MCLR or marginal cost of fund-based lending rate by up to 15 basis points that would come into effect from March 10.

Mar 12, 2020

Premier Event Logistics Company 'Motus One' is Making Waves in the Industry

Motus One creates event-specific transportation services for events of different scales

Mar 11, 2020

Yes Bank enables inward IMPS, NEFT transactions; customers can now pay dues

In a tweet, Yes Bank said the customers can pay their credit card dues and loan from other bank accounts using the two wire transfer services.

Mar 10, 2020

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Aftermath of Yes Bank crisis: 40,000 customers abroad panic, CBI files FIR against Kapoor and his family

Post moratorium issued by RBI on Yes Bank, and Rana Kapoor's residence being raided, CBI has now registered FIR against Yes Bank founder Rana Kapoor, his wife and three daughters accusing them of bribery, money laundering and cheating under the PMLA and Prevention of Corruption act.

Mar 10, 2020

Mayhem at Dalaal Street: Here what dragged indices on stock market

The cumulative market capitalization on BSE tanked to Rs 137.46 lakh crore today vis-a-vis Friday's close of Rs 144.31 lakh crore amid an intensifying rout in global stocks.

Mar 9, 2020

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Business news

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Roller coaster Friday: Sensex recovers whopping 5400 points after hitting lower circuit

Coronavirus carnage: Sensex plummets over 3,000 points crash; trading halts for 45 mins

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

Deposited money is safe: RBI asks state government to stop withdrawals from private banks

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

No relief package for telcos 'under consideration': DoT to re-examine AGR documents

Stock markets bleeds: Sensex crashes 2,700 points, Nifty below 10,000 mark amid Covid-19 fears

SBI removes minimum balance charges for all saving accounts

Premier Event Logistics Company 'Motus One' is Making Waves in the Industry

Yes Bank enables inward IMPS, NEFT transactions; customers can now pay dues

Aftermath of Yes Bank crisis: 40,000 customers abroad panic, CBI files FIR against Kapoor and his family

Mayhem at Dalaal Street: Here what dragged indices on stock market

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]