A decade ago, India was widely tipped to be the world’s third-largest car market by 2020 Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the …
Read More »Banks Directed To Disburse Pension Expeditiously For Elderly Amid COVID-19, Says Jitendra Singh
Minister of State for Personnel Jitendra Singh Banks have been instructed to disburse pension expeditiously to ensure “ease of living” for the elderly amid the COVID-19 pandemic, Minister of State for Personnel Jitendra Singh said on Friday. Instructions have also been issued that in case of death of a pensioner, …
Read More »Monetary Policy Committee Needs To Be Watchful On Inflation: Minutes
The monetary policy committee must be watchful of inflation expectations getting entrenched if prices remain elevated for too long, as it could undermine its hard-earned credibility in efficient inflation targeting, MPC member Jayant Varma wrote in the June meeting minutes published on Friday. “To maintain and enhance this credibility, the …
Read More »KEC International Gains Over 4% After Bagging Orders Worth Rs 937 Crore
Shares of KEC International settled 3.54 per cent higher at Rs 416.95 apiece on the BSE. Share price of KEC International Limited gained more than three per cent on Thursday, June 17, a day after the leading EPC player won orders worth Rs 937 crore across various businesses. On Thursday, KEC …
Read More »Rupee Records Biggest Daily Fall In Over 2 Months On Hawkish Fed
Long bets on most of Asia’s emerging currencies were trimmed, a Reuters poll showed The rupee saw its biggest single-day fall in more than two months on Thursday while bond yields rose as the U.S. Federal Reserve stunned investors by signalling it might raise interest rates as early as 2023, …
Read More »Gurugram Most Suitable City To Live In Amid COVID-19, Compared To Mumbai, Bengaluru: Report
Gurugram has secured the title of the ‘most suitable city’ to live in amid the COVID-19 pandemic, compared to Mumbai and Bengaluru. According to a recent report titled ‘Suitability Index: The Covid Perspective,’ released by tech-led brokerage and mortgage marketplace Square Yards, Gurugram overshadowed the other two metropolitan cities in terms of …
Read More »Avail Credit Cards, Personal Loan On 1 Platform
Private lender IndusInd Bank announced the launch of a new digital lending platform ‘IndusEasyCredit’ on Thursday, June 17, in a bid to enable customers to meet their financial needs from their homes. According to a statement shared by IndusInd Bank, the digital platform will allow both existing and non-IndusInd Bank customers to avail …
Read More »Road Transport Ministry Extends Validity Of Documents Till September 30, 2021
Ministry of Road Transport has extended validity of all vehicle-related documents till September 30, 2021 In a bid to help citizens who could not get a chance to renew their driving licenses, fitness certificates of vehicles, registration documents and permits since last year, owing to the Coronavirus induced lockdowns, the …
Read More »Funds Parked By Indians In Swiss Banks Rise To Over Rs 20,000 Crore On Surge In Securities, Institutional Holdings
The funds rose on a sharp surge in holdings through securities and similar instruments Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings …
Read More »Microsoft Names Chief Executive Officer Satya Nadella As Chairman
Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. Mr Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications and ZeniMax. The …
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