Tag Archives: business-moneycontrol

IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares 

The bank invoked pledge on 56,83,320 shares forming 7.82 percent of paid-up equity share capital of Eveready Industries.

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National Education Policy 2020: Universities have no choice but to be flexible 

The National Education Policy has allowed students a choice for multiple entry/exit into educational programmes.

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JSPL July steel output rises to 7.40 LT, sales at 7.62 LT 

“India Inc is getting back to normalcy, as companies can mend supply chains, getting more workers back on the job, resulting in the increased domestic steel demand. Thanks to the Government#39;s efforts to reboot the economy by announcing the stimulus package,” Sharma said.

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IFSCA constitutes panel for development of international retail business in IFSC 

“The committees may also examine and recommend any other issues which are important though not specifically mentioned in the above terms of reference,” it added.

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Dutch KLM group to cut 4,500-5,000 jobs due to COVID-19 pandemic 

KLM said it does not expect demand to fully recover before 2023 or 2024 and said further staff reductions are possible “given the high level of uncertainty.”

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JSW Energy net profit down 12.7% at Rs 213 crore in June quarter 

“The company#39;s (consolidated) net profit stood at Rs 213 crore vis-a-vis Rs 244 crore in the corresponding quarter of previous year,” the company said in a BSE filing.

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Reliance Retail reports 17.2% YoY fall in revenue to Rs 31,663 crore 

Earnings before interest and tax (EBIT) was lower than street estimates at Rs 722 crore, a fall of almost 60 percent

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Coronavirus pandemic | PM Modi to join brain-storming session with heads of banks, NBFCs on July 29 

According to an official statement, the prime minister will join stakeholders from banks and NBFCs on Wednesday to discuss and deliberate on vision and roadmap for the future.

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SP 500, Dow open lower as Sino-US ties worsen 

The Dow Jones Industrial Average fell 15.84 points, or 0.06 percent, at the open to 26,824.56.

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Railways generated 1.6 lakh mandays of work in 4 weeks under Garib Kalyan Rojgar Abhiyaan

Inaugurated by Prime Minister Narendra Modi on June 20, the Garib Kalyan Rojgar Abhiyaan is in operation in 116 identified districts of six states – Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Odisha and Jharkhand.

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Wall Street opens lower as coronavirus fears eclipse upbeat retail sales 

The Dow Jones Industrial Average fell 123.53 points, or 0.46 percent, at the open to 26,746.57.

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Natural gas futures down 1.16% in afternoon trade 

In the futures market, natural gas for July delivery touched an intraday high of Rs 136.70 and an intraday low of Rs 133.10 per mmBtu on the MCX

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Silver September futures hit fresh record high of Rs 52,527 per kg 

In the futures market, silver for September delivery touched an intraday high of Rs 52,527 and a low of Rs 51,780 per kg on the MCX.

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Oyo occupancy in India still at 30% of pre-COVID levels: Report 

Oyo has re-started operations in 20 states and union territories after lockdown restrictions were lifted

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Fake SBI branch busted in Tamil Nadu, son of ex-employee among three arrested: Report 

It was only after an SBI customer, who had visited the fake bank branch, discussed it with the manager of an existing one, that the case came to light.

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