BUSINESS

Rupee settles 28 paise higher at 74.08 against US dollar

3:16 pm November 6, 2020

Mumbai: The rupee pared some of its initial gains and settled 28 paise higher at 74.08 (provisional) against the US dollar on Friday, supported by foreign portfolio flows even as investors continued to wait for the outcome of the US elections. Traders said positive domestic equities, weak American currency and expectation of Joe Biden’s victory […]

WhatsApp treating Indian users differently from Europeans matter of concern: Centre to HC

WhatsApp starts payment service in India

2:50 pm November 6, 2020

New Delhi: WhatsApp on Friday said it is rolling out its payments services in India after receiving nod from the National Payments Corporation of India (NPCI). In 2018, the Facebook-owned company had started testing its UPI-based payments service in India, which allows users to utilise the messaging platform to send and receive money. The testing […]

Reserve Bank imposes Rs 2 cr penalty on SBI

SBI’s profit bump shows resilience against downside: S&P

8:19 pm November 5, 2020

New Delhi : State Bank of India (SBI) has the financial strength to withstand tough operating conditions in the next 12 months due to its strong deposit franchise and liquidity, global rating agency S&P on Thursday said. The very high likelihood of the government support, if needed, provides a cushion to accentuated downside risks, it […]

Saudi Arabia’s PIF invests Rs 9,555 cr in Reliance Retail

6:04 pm November 5, 2020

New Delhi: Billionaire Mukesh Ambani-run Reliance Industries Ltd’s retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries […]

Pvt sector firms join hands with govt to combat climate change, sign key declaration

6:01 pm November 5, 2020

New Delhi: Some of India’s biggest private-sector companies on Thursday pledged to work with the government to tackle climate change and build sustainable economies, thereby helping the country achieve its targets under the Paris Agreement. CEOs of companies like Reliance Industries Ltd, Tech Mahindra, Dalmia Cement, Ambuja Cement, Dr. Reddy’s, Sun Pharma, and Adani Transmission, among […]