Business
West Bengal Plans 50,000-tonne Onion Cold Storage Facility in Murshidabad
The cold storage for onions in Murshidabad is likely to be operational from 2021. It will be executed by a private sector company.
Mondelez Pays Over Rs 400 Crore to Settle Tax Dispute Involving 'Ghost' Unit in India
The Directorate General of Central Excise Intelligence in 2011 had initiated a probe against the company for allegedly misusing "area-based exemption" for a new unit in Baddi in Himachal Pradesh to avail excise duty benefits even before it came into exist...
Big Bazaar Launches Mega Sale for Republic Day
The massive sale will be accessed across all Big Bazaar, Big Bazaar Gen Nxt and HyperCity stores in the country.
Zee Entertainment Shares Rally 7% After Q3 Numbers as Brokerages Raise Price Target
The Zee Entertainment stock opened the day in the red, but recovered later to touch an intra-day high of Rs 304 compared with its previous close of Rs 284.10.
Economic Slowdown to Hit Insurance Premium Collections, Says Ratings Agency Moody's
The report comes at a time when India's GDP growth is estimated to have slowed down to a decadal low of 5 per cent in 2019-20 as per official estimates.
ICICI Bank Introduces Cardless Cash Withdrawal Facility Through ATMs, Per Day Limit at Rs 20K
This service enables customers to withdraw cash from over 15,000 ATMs of the ICICI bank by simply raising a request on iMobile, its mobile banking application.
Bank of India Appoints Atanu Das as MD and Chief Executive Officer
In his 26 years of banking experience, Das has been involved at both policy and operational levels. In BoI, he assumed the charge as Delhi regional head in January 2015.
Sanjiv Chadha Appointed MD, CEO Bank of Baroda; Atanu Kumar Das to Head Bank of India
Atanu Kumar Das has been appointed as the MD and CEO in Bank of India for a three-year term. He is at present working as the Executive Director in the same bank.
Zomato Acquires Uber Eats India Business in All-Stock Deal Days After Raising Rs 353 Cr from Antfin
Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective Tuesday, a statement said.
IMF Trims Global Growth Estimates for 2020-21 as Slowdown in India Creates a Drag Worldwide
In the latest update to its World Economic Outlook, the IMF cut the global growth estimate for 2020 by one tenth compared to the prior report released in October, dropping it to 3.3 percent.
Sensex Plunges 416 Points on Profit-booking, Kotak Mahindra Bank Tanks 5 Percent
After hitting a record intra-day high of 42,273.87, the 30-share BSE Sensex gave up all gains to settle 416.46 points, or 0.99 per cent, lower at 41,528.91.
HDFC Bank Shares Drop 2% After Q3 Earnings; Brokerages Stay Positive
At 12:02 pm, shares of HDFC Bank were trading at Rs 1,260.75, down 1.4%, after hitting the day’s low of Rs 1,253,75. The stock has risen over 17% in the last one year compared with a nearly 13% rise in the Nifty 50 index.
Reliance Industries Shares Fall 1.4% After Reporting Record Profit in Q3
At 10:03 am, shares of RIL were trading at Rs 1,562.05 apiece, down 1.2%, after hitting the day’s low of Rs 1,559. The RIL stock has jumped by a healthy 26% in the last one year compared with a nearly 13% rise in the Nifty 50 index.
Market Opens at Record High; RIL, HDFC Bank Top Gainers in Early Trade
After rallying over 300 points to hit a fresh lifetime high of 42,273.87, the 30-share BSE index pared gains to trade 31.32 points or 0.07 per cent higher at 41,976.69.
Rupee Slips 4 Paise to 71.12 Against US Dollar Amid Rising Crude Prices
The rupee opened weak at 71.07 at the interbank forex market and fell further to 71.12, down 4 paise over its last close.
Interim Dividend Issue May Come Up in RBI's Next Board Meeting
There would be at least one board meeting of RBI before this fiscal comes to an end, the issue of interim dividend could be raised by government nominee directors in the meeting.