Business

The company's board has approved the appointment of Sanjiv Bajaj as Non-Executive Chairman of the company with effect from August 1.

Interestingly, a substantial number of these new investors are from smaller towns and the average age of such investors is between 25 years and 30 years, according to brokerages.

The results showed that in certain areas like automotive, textiles machinery and leather/footwear firms are looking at alternative sources of inputs/raw materials.

The economic conditions remain challenging going forward due to the uncertainties posed by the global health crisis and the stand-still in the economic activity, ICICI Bank said in its annual report 2019-20.

The rupee opened at 75.33 at the interbank forex market, then lost ground and touched 75.35 against US dollar, down 16 paise over its last close.

During his address to the AGM, Premji said without question, employee safety and well-being has been and will remain of paramount importance to us.

Last year the RBI placed regulatory restrictions on the multi-state urban cooperative bank on account of financial irregularities, failure of internal control and systems of the bank and wrong/under-reporting of its exposures.

In a letter sent to one such trainee cabin crew member on July 6, the airline said in view of the current aviation scenario, it would not be possible for Air India to impart any further training.

In March, the RBI had announced a three-month moratorium on repayment of all term loans, which, in May, was extended by another three months till August 31.

In an order, the Central Board of Direct Taxes (CBDT) extended the time given to the tax officers to process such returns, which were not picked up for scrutiny, from earlier date of December 31, 2019.

The 30-share index ended 143.36 points, or 0.39 per cent, lower at 36,594.33. The NSE Nifty shed 45.40 points, or 0.42 per cent, to close at 10,768.05.

Economists cautioned against reading too much into the drop in weekly jobless claims reported by the Labor Department on Thursday, noting that the period included the July 4 Independence Day. Claims data are volatile around holidays. Economists cautioned...

The NSE Nifty 50 index rose 0.43% to 10,756.40 by 0345 GMT, while the benchmark S&P BSE Sensex was up 0.53% at 36,519.94.

The Federation of All India Vyapar Mandal (FAIVM) said although they support stopping the import of Chinese goods for creating a roadmap to reduce dependence on Chinese products, any action should not endanger" the ongoing domestic business.

Kant further said the Covid-19 pandemic is a massive challenge not merely for India but for the whole world, including the US and European countries.

Kamath said the steps taken by the government have worked well for reviving demand in the economy.