Business news

Slugfest at Dalal Street continues as investors lose Rs 8 lakh crore in one session

The selloff in the global financial markets continued even as the US Federal Reserve slashed the borrowing rates to almost near zero, which is its second cut in less than a fortnight.

Mar 16, 2020

Market in Red: Sensex falls 2,100 points, Nifty below 9,500

Coronavirus fears continued to weigh on the investor sentiments as the BSE Sensex plunged over 2,100 points on Monday, March 16.

Mar 16, 2020

Mobile Phone prices in India to get dearer: Here are the new GST rates

At the 39th GST Council meeting held in New Delhi, Finance Minister Nirmala Sitharaman announced rationalization of tax rates on five sectors - mobile phones, fertilizers, footwear, renewable energy equipment, and man-made textiles. The GST rate on mobile phones will be hiked from the current 12% to 18%.

Mar 14, 2020

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On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.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

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Business news

Slugfest at Dalal Street continues as investors lose Rs 8 lakh crore in one session

Market in Red: Sensex falls 2,100 points, Nifty below 9,500

Mobile Phone prices in India to get dearer: Here are the new GST rates

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

Bigg Boss Kannada 8 Abruptly Ends Due to Covid-19 Surge; Contestants Sent Home

Mother's Day 2021: Malaika Arora says she always wanted a daughter; Here's why

Mild COVID-19 Infection Unlikely to Cause Long-term Heart Damage; New Study Brings Good News