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Business

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
Business / News Update

Facebook commits $20 mn to fight COVID-19

March 14, 2020 - by IANS

San Francisco: As the world grapples with the novel coronavirus, Facebook has committed $20 million in donations to fight the disease. The social networking giant worked with the United Nations Foundation …

Facebook commits $20 mn to fight COVID-19 Read More
Business / News Update

Govt notifies Yes Bank reconstruction scheme, bank to resume operations next week

March 14, 2020 - by IANS

New Delhi: The government on Saturday notified the scheme of reconstruction for cash-strapped Yes Bank Ltd, paving the way for the lender to resume full operations. The private sector bank has …

Govt notifies Yes Bank reconstruction scheme, bank to resume operations next week Read More

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