The rupee appreciated 16 paise to 74.78 against the US dollar in opening trade on Thursday ahead of the Reserve Bank of India’s monetary policy decision. At the interbank forex market, the domestic unit opened strong at 74.82 against the US dollar, gained further ground and touched 74.78 against the […]
Banking & Business
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 15, 2020 to June 19, 2020. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / […]
Bhanu Baweja, chief strategist, UBS Investment Bank By Malini Bhupta The pandemic will transform several industries forever and the big will only get bigger as smaller companies just don’t have the cash buffer. Bhanu Baweja, chief strategist at UBS Investment Bank, in an interview with Malini Bhupta, says that if a […]
Private lender Axis Bank’s Rs 10000 crore Qualified Institutional Placement (QIP)’s floor price has been set at Rs 442.19 per equity share. The lender in an exchange filing said at its discretion, it may offer a discount of not more than 5% of the floor price. The board of Axis […]
Hindi News Business After Retrenchment Of Large Number Of Employees, Now Uber Is Going To Hire In India, Business Will Expand नई दिल्ली8 घंटे पहले 2017 में कंपनी के पास भारत में केवल 80 इंजीनियर्स की टीम थी। अब यह 600 की टीम हो गई है। हाल में उबर की […]
(Representative image) NEW DELHI: The Reserve Bank of India (RBI) may refrain from cutting the benchmark lending rate on Thursday but can announce other measures like restructuring of loans amid the urgency to revive the coronavirus-hit economy, experts said. The six-member Monetary Policy Committee (MPC), headed by the RBI governor, […]
Two more pharma companies, Zenara of Hyderabad and the Mumbai-headquartered BDR, have joined a growing list of drugmakers launching anti-viral drug Favipiravir versions for use in the treatment of COVID-19 patients in India. On Wednesday, the two companies said the Drugs Controller General of India (DCGI) has given them approval […]
Bharti Airtel Ltd and Amazon Web Services (AWS) will join forces to develop the Indian telecoms firm’s cloud business, allowing it to offer a wider range of products to its enterprise clients, the two companies said on Wednesday. Airtel Cloud currently provides data centre and cloud services to companies and […]
Apollo Tyres Ltd announced its Q1FY21 results on Aug 5, 2020. Consolidated net revenue of Apollo Tyres Ltd in Q1FY21 stood at Rs2,873.44cr, which declined by 33.66% yoy from Rs4,331.32cr in Q1FY20. EBITDA stood at Rs237.29cr in Q1FY21 which decreased by 50.04% yoy. For Q1FY20, it had posted EBITDA of […]
The committee of directors of the Corporation at its meeting held on August 5, 2020, approved and declared the opening of the issue on Wednesday Mortgage lender HDFC Ltd has set the floor price at Rs 1,838.94 per share for its qualified institutional placement (QIP) issue that opened on Wednesday, […]