Business News


PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again

Based on a request from Indian agencies, the Interpol had issued a Red Corner Notice (RCN) against Nehal Modi and put it up for public viewing to enable gathering of information about him.

published : 13 hours ago

ILO expresses deep concerns over labour law suspension, tweaking to PM Modi

The ILO's intervention came after ten central trade unions escalated the issue of suspension and tweaking of labour laws with the international body through a letter on May 14, 2020.

published : 14 hours ago

Germany mulls 50,000 euros a month for stricken firms

To qualify for the support, applicants must prove that their revenues plunged by at least 60 percent year-on-year in April and May, when the impact of the coronavirus lockdowns hit hardest.

published : 14 hours ago

German court ruling clears the way to settle VW diesel cases

The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement.

published : 14 hours ago

Malls lose Rs 90k cr in 2 months, Shopping Centres Association of India seeks adequate relief

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

published : 14 hours ago

IDFC First Bank senior management takes 10 pc pay cut

Managing Director and CEO V Vaidyanathan has voluntarily offered to take a pay cut of 30 per cent in his compensation, including fixed compensation as well as all allowances.

published : 15 hours ago

Kotak Mahindra Bank slashes interest rate by 0.50% on savings deposits

From Monday, daily balance of over Rs 1 lakh will earn 4 per cent interest as against the 4.50 per cent earlier, while those under that threshold will earn 3.50 per cent, the bank said.

published : 15 hours ago

Bharti Airtel promoter to raise USD 1 billion through equity: Sources

Bharti Telecom holds around 41 percent stake in Bharti Airtel, while foreign promoter entities own 21.46 per cent stake in the telecom firm.

published : 15 hours ago

Ikea resumes online service, provides contactless experience

The Click & Collect service ensures minimal contact between co-workers and customers during the delivery of the products from the store.

published : 15 hours ago

Corporate governance: SBI weighed down by its own laws, says IiAS 

It can be noted that the SBI Act allows for votes to be taken either by show of hands or by a poll.

published : 15 hours ago

Major industries, govt agencies owe about Rs 5 lakh cr in outstanding dues to MSMEs: Gadkari 

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days.

published : 15 hours ago

COVID-19: Retailers' body writes to PM Modi, seeks immediate relief for sector

The association, which has around 15,000 developer members, has sought one-time debt restructuring, lower interest rate on home loans and tax sops to boost liquidity and demand in the sector.

published : 17 hours ago

Wishbox 2.0: Check out Mercedes Benz's customised finance options to lure customers back 

These smart financing solutions are one-of-its kind and are our own way of supporting our customers' investments and addressing the prevalent market challenges.

published : 17 hours ago

Govt wheat procurement surpasses last year's level of 34.1 mn tonnes despite hurdles

Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year.

published : 18 hours ago

Central Board of Indirect Taxes clears Rs 11,052 cr GST refund claims since April 8 

In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".

published : 18 hours ago