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Business

Business / News Update

Yes Bank shares up 45% as rescue plan kicks in

March 16, 2020 - by IANS

Mumbai: Shares of crisis-ridden Yes Bank soared on Monday as its reconstruction scheme has come into effect, and the bank has announced that it will resume full-fledged operations on March 18. …

Yes Bank shares up 45% as rescue plan kicks in Read More
PhonePe becomes India's fastest growing insure-tech distributor
Business / News Update

PhonePe brings Swiggy to its Switch platform

March 16, 2020 - by IANS

Bengaluru: India’s leading digital payments platform PhonePe on Monday said it has integrated food delivery major Swiggy on its Switch platform. With this partnership, PhonePe’s 200 million registered users can now …

PhonePe brings Swiggy to its Switch platform Read More
Business / International / News Update

COVID-19: US Federal Reserve cuts interest rate to zero 

March 16, 2020 - by IANS

New York: The Federal Reserve has taken the extraordinary action of slashing the interest rate effectively to zero in emergency action to prop up the US economy battered by the …

COVID-19: US Federal Reserve cuts interest rate to zero  Read More
WhatsApp launches new campaign to curb fake news amid COVID-19
Business / News Update

WhatsApp to bring self-destructing messages soon: Report

March 15, 2020 - by IANS

San Francisco: Facebook-owned WhatsApp after launching the much-awaited ‘Dark Mode’ feature for its users is now reportedly working on a new feature that will delete messages automatically after a stipulated time …

WhatsApp to bring self-destructing messages soon: Report Read More
Business / News Update

New rules for debit and credit cards kick in from Monday

March 15, 2020 - by IANS

New Delhi:  The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new …

New rules for debit and credit cards kick in from Monday Read More
Business / News Update

Yes Bank posts staggering Q3 standalone net loss of Rs 18,560 cr

March 15, 2020 - by IANS

Mumbai:  Financially troubled Yes Bank on Saturday reported a standalone net loss of Rs 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest …

Yes Bank posts staggering Q3 standalone net loss of Rs 18,560 cr Read More
Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr
Business / National / News Update

Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

March 14, 2020 - by IANS

Mumbai: As the government on Saturday notified the reconstruction scheme for Yes Bank, major private banks have come out with investment commitments for the crisis-hit bank. Federal Bank on Saturday announced …

Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr Read More
Petrol-diesel prices increase after almost 2-month break
Business / News Update

Lower cut in oil prices ahead as oil cos factor in higher excise duty

March 14, 2020 - by IANS

New Delhi: The Rs 3 per litre increase in excise duty in petrol and diesel has brought both good and bad news for consumers. The good news is that there …

Lower cut in oil prices ahead as oil cos factor in higher excise duty Read More
FM: Loan sanctions jump to Rs 5.95 cr in just over 2 months
Business / National / News Update

GST on mobile phones raised to 18%, rates on MRO services cut to 5%

March 14, 2020 - by IANS

New Delhi: The GST Council chaired by Finance Minister Nirmala Sitharaman on Saturday decided to raise rates on mobile phones to 18 per cent from 12 per cent now stating that …

GST on mobile phones raised to 18%, rates on MRO services cut to 5% Read More
GST hike on mobile phone to sap purchases: ICEA
Business / News Update

GST hike on mobile phone to sap purchases: ICEA

March 14, 2020 - by IANS

New Delhi: With the GST Council, headed by Finance Minister Nirmala Sitharaman, on Saturday increasing the GST on mobile phones from 12 per cent to 18 per cent, the India Cellular …

GST hike on mobile phone to sap purchases: ICEA Read More

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