Monday, November 30, 2020

anjali mahto

Hardayal Prasad of SBI Cards resigns, Ashwini Kumar Tewari to be the next CEO and MD

MD and CEO of SBI Cards and Payments Services, Hardayal Prasad has taken voluntary retirement from his positions at SBI after recently giving a resignation which will come into effect by July 31. Ashwini Kumar Tewari will take over...

Home sales in first half of 2020 slump to lowest in a decade owing to COVID Pandemic

India’s housing sales in top eight cities, this year from January to June slumped to record the lowest in a decade due to the Pandemic. Those eight cities consist of Mumbai, Delhi-National Capital Region, Bengaluru, Pune, Chennai, Hyderabad, Kolkata...

India witnesses net trade surplus for the first time after 2002

India reported its first trade surplus in nearly 18 years owing to decreased demand for crude oil, gold and other merchandise goods because of the COVID Pandemic. The trade surplus of India for the month of June is $790...

Aramco and Reliance deal unlikely after differences on terms of the deal 

RIL's deal with Aramco to sell a fifth of its oil-to-chemical business is facing a roadblock as Aramco tightened its demand for a least 20 per cent cut in USD 75 billion valuation Mukesh Ambani’s firm was seeking. According to...

ReNew Power to venture into Solar Cell and Module Manufacturing with ₹2,000 Crore investment

Goldman Sachs-promoted ReNew Power has recently announced that it is planning to venture into manufacturing of solar cells and modules. The company will likely invest close to Rs 1,500-2,000 crore for its manufacturing facility of 2 gigawatts (Gw). ReNew Power...

Infosys shareholders wealth increases by ₹50,000 crores in an hour as shares surge to record new high

Infosys shares price surged following it generating revenue more than expected. Infosys shares value increased by as much as 15% to ₹952 on BSE. Its investors' wealth increased by about ₹50,000 crores in the first hour of trade on...

Air India to furlough permanent employees for upto five years

Air India recently announced that its board of directors have approved a furlough scheme for its permanent employees for a period of six months to two years which is extendable to up to five years as a measure to...

Maruti Suzuki offers replacement for Faulty fuel pumps of 1.34 lakh units of Baleno and WagonR vehicles’ customers, Check details here

Maruti Suzuki recently offered to inspect 56,663 units of WagonR and 78,222 units of Baleno for a possible issue with the fuel pump and provide a Faulty part replacement, free of cost to its customers who have purchased WagonR...

Burman family raises stake in Eveready to 20 percent with latest acquisition of 8.8% shares

Burman Family of Dabur India has recently acquired 64 lakh shares or an 8.8 per cent stake in Eveready. According to an official, "The share purchase is a personal investment by the Burman family". Shares of Eveready increased to...

Walmart to invest additional $1.2 billion in Flipkart India

In a joint statement, Flipkart and Walmart said, "Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round in the Indian e-commerce giant. The fresh equity round led by Walmart, which acquired majority stake...

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