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update 02 Jul 05:00 PM open_in_new  MoneyControl

Exclusive | Ex-ICICI Bank executive Murali Ramakrishnan likely to be named as CEO of South Indian Bank


If the proposed move fructifies, Ramakrishnan would be the first MD CEO of South Indian Bank coming on board from a private sector lender.

update 02 Jul 04:53 PM open_in_new  MoneyControl

India's trade deficit with China reduces to $48.66 billion in FY20


New Delhi has time and again raised concerns over widening trade deficit with China. The government is taking steps such as framing technical regulations and .

update 02 Jul 04:49 PM open_in_new  MoneyControl

JSPL steel output grows 4% to 2.03 MT in Q1


The company had produced 1.96MT of crude steel in the year-ago quarter, Jindal Steel and Power Ltd (JSPL) said in a statement.

update 02 Jul 04:45 PM open_in_new  MoneyControl

NITI Aayog invites applications for chief economist post


According to an advertisement posted on NITI Aayog's twitter handle, the post could be either filled through a contract or deputation and the chief economist will receive an affixed pay of Rs 3,30,000.

update 02 Jul 04:05 PM open_in_new  MoneyControl

Mahindra Group appoints Amit Raje as Executive Vice President for partnerships and alliance


Mahindra Group on Thursday announced the appointment of Amit Raje as Executive Vice President for partnerships and alliance to help it scale up its high-poten.

update 02 Jul 04:02 PM open_in_new  MoneyControl

World food price index rises in June, first increase in 2020: UN


The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 93.2 points last month, up 2.4 percent on May.

update 02 Jul 04:00 PM open_in_new  MoneyControl

Coronavirus impact | India's GDP may contract by 6.4% in FY21: Care Ratings


It said given that the India is into a lockdown for July too with several restrictions on resumption of services in particular as well as movement of people, the cutoff date for normalcy will spread into the latter part of the Q3 and more likely to Q4.

update 02 Jul 03:55 PM open_in_new  MoneyControl

Maruti Suzuki launches vehicle lease subscription service


The subscription service will begin as a pilot project in Gurugram and Bengaluru and will be initially available on Swift, Dzire, Vitara Brezza and Ertiga from Maruti Suzuki ARENA Channel and Baleno, Ciaz and XL6 from NEXA Channel, the company said in a regulatory filing.

update 02 Jul 03:55 PM open_in_new  MoneyControl

Dismayed after govt decision to not allow cinemas to open under Unlock 2.0: Multiplex operators


Cinemas are the backbone of the film industry accounting nearly 60 percent of the film business and an early decision to allow them to open up will only help the mobilisation of resources in the ecosystem and would lead to gradual resurrection, the Multiplex Association Of India (MAI) said in a statement.

update 02 Jul 03:43 PM open_in_new  MoneyControl

New ESIC registration rules from July 1: These details are now mandatory


The ESIC has decided to not take registration for new employees unless their employers submit bank account and mobile number details beginning July 1

update 02 Jul 03:42 PM open_in_new  MoneyControl

Crude oil futures steady at Rs 3,022 per barrel, WTI trades above $40


In the futures market, crude oil for July delivery touched an intraday high of Rs 3,051 and an intraday low of Rs 2,983 per barrel on the MCX

update 02 Jul 03:25 PM open_in_new  MoneyControl

Tata Power to raise Rs 2,600 crore from promoter, set up InvIT for renewable business


The board also gave in-principle approval for setting up of InvIT (Infrastructure Investment Trust) for the company's renewable business on terms and conditions to be discussed with potential investors.

update 02 Jul 03:23 PM open_in_new  MoneyControl

Natural gas futures up 0.47% in afternoon trade


In the futures market, natural gas for July delivery touched an intraday high of Rs 131.10 and an intraday low of Rs 128.20 per mmBtu on the MCX

update 02 Jul 03:16 PM open_in_new  MoneyControl

Goa opens its borders to tourists, hotels start accepting bookings


There is, however, a precondition for those who wish to visit the much-popular beach getaway- either carry COVID-19 negative certificates to enter the state or get tested at the border and undergo quarantine at a state-run facility till the results arrive.

update 02 Jul 03:14 PM open_in_new  MoneyControl

India-China border skirmish fallout | Government mulls curbs on companies from countries 'illegally occupying Indian territory'


The Centre is reportedly looking into a proposal to curb trade and procurement from companies in such countries, particularly those active in territories such as Pakistan-Occupied Kashmir (PoK).

update 02 Jul 02:57 PM open_in_new  MoneyControl

Coronavirus playing dampener in pricing of insurance stake sales


Investors are citing the COVID-19 uncertainty to demand lower prices for buying sale in insurance ventures

update 02 Jul 02:22 PM open_in_new  MoneyControl

Independent regulator will ensure level playing field as private companies run trains: Vinayak Chatterjee


Regulator needed to ensure level playing field between Indian Railways and private players, said Chairman of Feedback Infra Group