HDFC Bank third quarter net profit rises 14.36% to Rs 8,760 crore
NEW DELHI:The country’s largest private sector lender HDFC Bank on Saturday reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter. At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 […]
100 former civil servants raise questions on transparency in PM-Cares Fund
NEW DELHI:A group of 100 former civil servants wrote an open letter to Prime Minister Narendra Modi on Saturday raising questions over transparency in the PM-CARES Fund. They said it is necessary that, for reasons of probity and adherence to standards of public accountability, the financial details of receipts and expenditures be made available in […]
Narendra Modi announces Rs 1000 crore Startup India seed fund
NEW DELHI: The Prime Minister Narendra Modi interacted with startups and addressed ‘Prarambh: Startup India International Summit’ via video conferencing. Ministers from BIMSTEC countries and Union Ministers Prakash Javadekar, Piyush Goyal and Som Parkash were present on the occasion. Speaking on the occasion, the Prime Minister said that the start-ups are changing the demographic characteristics of […]
23 die in Norway after receiving Pfizer Covid-19 vaccine
NEW DELHI: Twenty-three people died in Norway within days of receiving their first dose of the Pfizer Covid-19 vaccine with 13 of those deaths apparently related to the side effects of the shots, New York Post reported citing the health officials. All 13 were nursing home patients and at least 80 years old. Common reactions […]
Highway construction comes under Uttarakhand High Court scrutiny
NAINITAL:The Uttarakhand High Court has asked the state government whether due permissions had been obtained for the construction of a highway, part of which passes through a national park. A division bench, comprising Chief Justice R S Chauhan and Justice Manoj Kumar Tiwari, has asked the state government about its compensatory afforestation plans in lieu […]
End of Angela Merkelera begins as Germany’s Christian Democrats picks new party leader
BERLIN:Germany’s Christian Democratic Union (CDU) elect a new chairman on Saturday, aiming to unite their conservative party behind a new leader who they hope can succeed Angela Merkel as chancellor when she steps down after federal elections in September. At stake is the leadership of Europe’s biggest economy in the era after Merkel, who has […]
BMW aims to double fully-electric vehicle sales in 2021
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc. BMW also said that including plug-in hybrids, it aims for a 50% increase in sales of […]
WhatsApp delays new privacy policy by three months amid severe criticism
NEW DELHI: WhatsApp announced delaying by three months the implementation of a new privacy policy that has faced massive backlash with tens of millions of its users moving from the platform to rivals like Signal and Telegram. The policy change was originally scheduled to come into effect on February 8, the Facebook-owned company said. It […]
Boeing awarded $7 billion contract for 12 more KC-46 tankers
NEW DELHI: This week the U.S. Air Force awarded Boeing a $1.7 billion contract for 12 KC-46A tanker aircraft. With this sixth production lot, Boeing is now on contract for 79 KC-46A tankers. The company delivered the first KC-46A to the Air Force in January 2019. Since then, Boeing has delivered 42 tankers to four […]
India launches coronavirus vaccination drive, the world’s largest
NEW DELHI:The Prime Minister of India Narendra Modi launched the pan India rollout of COVID-19 vaccination drive via video conferencing today. This is the world’s largest vaccination program covering the entire length and breadth of the country. A total of 3006 session sites across all States and Union Territories (UTs) were virtually connected during the […]
Bridgestone India launches new axle tyre for commercial vehicles
NEW DELHI: Tyre maker Bridgestone India on Friday launched a new tyre, V-Steel Mix M721, for commercial vehicles to establish a strong presence in the drive axle tyre category. The latest offering is specifically for the general cargo, long haul and highway application, and seeks to target the rapidly growing fleet segment, said Bridgestone India […]
Donald Trump to leave Washington on morning of Joe Biden’s inauguration
By JILL COLVIN and DARLENE SUPERVILLE WASHINGTON:President Donald Trump will leave Washington next Wednesday morning, just before President-elect Joe Biden’s inauguration, to begin his post-presidential life in Florida. He will be sent off with a departure ceremony at Joint Base Andrews, according to a person familiar with the planning who spoke on condition of anonymity […]
Investor wealth declines over Rs 2.23 trillion tracking weak markets
NEW DELHI: Investor wealth on Friday declined over Rs 2.23 trillion as markets cracked. The 30-share BSE Sensex slumped 549.49 points or 1.11 per cent to close at 49,034.67. During the day, it plunged 788.37 points to 48,795.79. Following the bearish trend, the market capitalisation of the BSE-listed companies dived Rs 2,23,012.44 crore to Rs […]