Union Bank of India lowered the home loan interest rate to 6.40 per cent The Union Bank of India reduced its interest rates on home loan to an all-time low of 6.40 per cent to provide affordable loan offers to its customers amid the festive season. The reduced rate will come into effect from October […]
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Oct
Government has issued notices to several e-commerce entities for misleading consumers Government has issued 202 notices to several e-commerce entities for incorrect declaration of “country of origin” on products on their platforms in the last 12 months. Most of the violations were related to electronic appliances, followed by clothing and home products. Apart from the […]
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Oct
Finance Minister Nirmala Sitharaman has called for private sector capital mobilisation Finance Minister Nirmala Sitharaman said on Tuesday that Asian Infrastructure Investment Bank (AIIB) and similar institutions should enhance private sector capital mobilisation, which would help in inclusive development. Taking part in the sixth annual meeting of the board of governors of AIIB, the finance […]
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Oct
Jio-bp plans to set up an EV charging station infrastructure in the country The joint venture of billionaire Mukesh Ambani-owned Reliance Industries and energy major bp – Jio-bp today announced the launch of its first branded mobility station at Navde, Navi Mumbai in Maharashtra. In a statement released on Tuesday, October 26, Jio-bp said that […]
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Government plans to attract global majors for setting up battery manufacturing units in India Government plans to pitch to companies such as Tesla Inc, Samsung and LG Energy to encourage them to invest in manufacturing batteries locally, as it looks to establish a domestic supply chain for clean transport, two government sources told Reuters. Five […]
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Oct
Oct
Drug maker Cipla recorded a rise in its net profit for the September quarter period of 2021-22 Drug manufacturer Cipla on Tuesday recorded a 7.6 per cent rise in its consolidated net profit for the September quarter of current fiscal, as it stood at Rs 712 crore, against Rs 661.8 crore in the corresponding period […]
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Oct
Oct
Axis Bank’s net interest margin in the September quarter stood at 3.39 per cent. Axis Bank announced its July-September quarter results on Tuesday, reporting its highest-ever quarterly profit at Rs 3,133 crore on a standalone basis, compared to Rs 1,682.67 crore in the corresponding period last year, marking a growth of 86 per cent year-on-year. […]
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Oct
Bajaj Finance’s net profit for the September-end quarter recorded healthy growth Bajaj Finance has recorded a huge 53.5 per cent hike in its net profit for the second quarter of the current financial year, which stood at Rs 1,481 crore, compared to Rs 965 crore of the corresponding period of last year. The lender’s stand […]
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Oct
Oct
Kotak Mahindra Bank reported a net profit of Rs 2,032 crore in the September quarter Kotak Mahindra Bank announced its July-September results for the financial year 2021-22, reporting a net profit of Rs 2,032 crore on a standalone basis, compared to Rs 2,184 crore in the corresponding period, registering a decline of seven per cent […]
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Oct
Oct
Dearness Allowance has been hiked by 3 per cent for central government employees Finance Ministry has said that dearness allowance (DA) for central government employees has been hiked to 31 per cent of the basic pay from 28 per cent, which would be effective from July 1, 2021. This was informed through a notification issued […]