Saturday, October 24, 2020

Arbaz Khan

Centre borrows, transfers Rs 16000 cr to 16 state and 2 UTs

On 23rd October, the central government borrowed Rs 6,000 crore and transferred to 16 states and two union territories to fill the GST compensation gap in the form of the first tranche. Centre raised the money at an interest...

“India At The Doorstep Of The Revival Process” Says RBI Governor Shaktikanta Das

Shaktikanta Das "I think post-COVID, once there is the containment of pandemic, the government will certainly have to spell out a fiscal roadmap that India should adopt," he further said at the launch of the book by N K Singh,...

Bajaj Finance Reports 36% Decline In Consolidated Profits In Last Quarter, Profits Chop Down To ₹965 Cr

on October 21, NBFC giant Bajaj Finance reported a huge 36 percent decline in consolidated profit for the quarter ended September 2020 high provisions is the reason for the decline. During the quarter, profit chops down to Rs 965 crore...

Cash Rich PSUs To Declare Higher Dividends To Reward Shareholders And Central Government’s Revenue Dips

Due to the ongoing pandemic, the Central government's revenue has shrunk,  that’s why the center wants the cash-rich public sector undertakings (PSUs) to declare higher dividends this year to reward its shareholders. According to official sources, the government will ask...

President Donald Trump May Acquire All Available Doses of AstraZeneca-Oxford Vaccine, Leaving None For The UK

President of United States Donald Trump has ordered defense and health chiefs to make sure America is the first one to acquire UK's COVID-19 vaccine, being developed by Oxford University and AstraZeneca. This makes it very clear that US may...

Reliance jio to launch 5g smartphone for less than Rs 5000, to gradually reduce the price to Rs 2500-3000

Reliance Jio is set to launch a 5G smartphone for less than Rs 5,000 and intends to reduce the price deliberately to Rs 2,500-3,000 a unit after scaling up the operation. The target of the company will be 20-30 crore...

DHFL Goes Up On Sale, Adani Group And Piramal Among Bidders

DHFL on sale discount ₹60000 Crores Adani group, Piramal among 4 bidders for DHFL. There are four entities that have placed bids for DHFL, Adani Group and Piramal Enterprises are among them, the first financial services player undergoing insolvency process....

Passenger Car Sales Grow By 26.5% Over Last Year, Stabilises At 2018 Levels

After four straight quarters of decline, passenger car wholesale in the second quarter registered a strong 17 percent growth at 726,232 units albeit on a low base of last year when sales had declined by a record 29 percent. In...

Asia’s Richest Banker Uday Kotak Reccomends Overseas Investors To Invest In Indian Digital To Consumer Sector Industry

According to Uday Kotak, Asia's richest banker, this is the time for overseas investors to invest in Indian digital to consumer sector companies, as the economic fallout of the coronavirus pandemic makes valuations of businesses attractive. Uday Kotak, the managing...

Footech Unicorn Zomato Raises $52 Million From US Based Kora Investments, Likely To Go Public By Q1FY2021

With the continuing efforts to bolster its cash reserves at a time when the food delivery sector is rebounding from the ravages of the coronavirus pandemic, Foodtech unicorn Zomato has raised $52 million from US-based Kora Investments. Zomato raised the...

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