HDFC Bank’s Aditya Puri highest paid, ICICI Bank Sandeep Bakshi forgoes salary in Covid-19 year
NEW DELHI: HDFC Bank’s Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed […]
Bajaj Finserv Q1 consolidated net profit declines 31% to Rs 833 crore
NEW DELHI: Bajaj Finserv Ltd on Wednesday reported an over 31 per cent decline in consolidated net profit at Rs 833 crore for the first quarter ended June 2021. The company had reported a net profit of Rs 1,215 crore in the same quarter of the preceding fiscal. The consolidated total income also fell to […]
Over $157 billion deployed in last 15 months to fight Covid-19 pandemic: World Bank
NEW DELHI: In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. This represents an increase of more than 60 per cent over the 15-month period prior to the pandemic, the bank […]
Opposition should ask difficult, stinging questions but should also give opportunity to reply in peaceful environment: Narendra Modi
NEW DELHI: Prime Minister Narendra Modi on Monday siad that I hope all of you have been vaccinated at least once. But even then, I pray to all of you and my colleagues in the House to cooperate in following the Corona protocols. Vaccine is given in ‘baahu’ (arms), and those who take it become ‘Baahubali’. […]
Delhi airport’s T2 terminal to reopen from July 22
NEW DELHI: The T2 terminal of the Delhi international airport will resume operations from July 22, two months after it was shut down due to significant drop in domestic air traffic owing to the COVID-19 pandemic’s second wave, a statement said on Saturday. The resumption of operations at T2 from July 22 onwards will be […]
We expect vaccinated Indians to be treated at par with those in European Union: India
NEW DELHI: India on Friday said it expects that its CoWIN vaccination certificate would be recognised by the European Union on a reciprocal basis for travel and it is in touch with member states of the bloc over this issue. Ministry of External Affairs Spokesperson Arindam Bagchi said the European Union has now instituted what […]
GST will help in achieving the vision of five trillion dollar Indian economy by 2025
NEW DELHI: India’s Road Transport & Highways and MSME Minister Nitin Gadkari has said that GST will help achieve the vision of five trillion dollar Indian economy by 2025. Addressing a webinar on the “GST Day” on the theme “THE JOURNEY OF GST AND WAY FORWARD – AATMANIRBHAR BHARAT” organised by the Institute of Cost […]
Investors’ wealth soars Rs 25.46 trillion so far in FY22 over upbeat sentiment
NEW DELHI: Equity investors have grown richer by a whopping Rs 25,46,954.71 crore in the first three months of the current fiscal, driven by upbeat market sentiment. The 30-share BSE Sensex has zoomed 2,973.56 points or 6 per cent so far this fiscal. The BSE benchmark index reached its all-time high of 53,126.73 on June […]
Economic revival:India raises ECLGS scheme limit to Rs 4.5 trillion
NEW DELHI: To help revival of the economy battered by COVID-19,India’s Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore (Rs 1.1 trillion) credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the […]
S&P cuts India’s FY22 growth forecast to 9.5 per cent
NEW DELHI:S&P Global Ratings on Thursday cut India’s growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to […]
Jet Airways shares continue to fly high
NEW DELHI: Shares of Jet Airways extended their rally to Wednesday, gaining 5 per cent, after the National Company Law Tribunal (NCLT) gave its nod to the Jalan Kalrock Consortium’s bid for the airline. The stock jumped 4.98 per cent to Rs 104.40 — its upper circuit limit — for the day on both BSE […]
Sensex drops 283 points; Nifty ends below 15,700
NEW DELHI: Equity benchmark Sensex gave up early gains and tumbled 283 points on Wednesday following losses in index heavyweights Reliance Industries, HDFC and ICICI Bank. The 30-share BSE index ended 282.63 points or 0.54 per cent lower at 52,306.08. Similarly, the broader NSE Nifty declined 85.80 points or 0.54 per cent to 15,686.95. Kotak […]
FDI in April up 60 per cent to USD 4.44 billion
NEW DELHI: Foreign direct investment (FDI) into India increased by 60 per cent to USD 4.44 billion in April as against USD 2.77 billion in the same month last year, government data showed on Wednesday. Total FDI, including equity, re-invested earnings and capital, rose 38 per cent to USD 6.24 billion in April this year, […]
India’s second Covid-19 wave to impact infrastructure sectors, says Moody’s
NEW DELHI: India’s second coronavirus wave will affect its infrastructure sectors to varying degrees with power companies and ports better able to weather the impact of pandemic-induced disruptions compared with airports and toll roads, according to a new report by Moody’s Investors Service. Any further regional lockdowns will increase uncertainty over India’s economic recovery, said […]
Kerala government seeks moratorium on repayment of loans
THIRUVANANTHAPURAM: The Kerala government has approached the Centre to put in place a moratorium on repayment of loans till December 31 in order to provide relief to individuals in the unorganised sector, MSMEs, agriculture and others adversely affected by COVID-19 pandemic and the subsequent lockdown. Kerala has sought a moratorium of loans without accrual of […]
Narendra Modi government open to more measures to boost economy
NEW DELHI: The Narendra Modi government is open to coming out with more measures to boost the economy which has been hit by the second wave of the coronavirus pandemic, says Chief Economic Advisor (CEA) K V Subramanian. He, however, added that the demand for a fresh stimulus package has to be considered against the […]