Search Results for: retail lending

Income tax evasion is a criminal offence

I-T Dept busts Rs 1,000 crore money laundering racket by Chinese entities

The search operation revealed that at the behest of Chinese individuals, more than 40 bank accounts were created in various dummy entities entering into credits of more than Rs 1,000 crore over the period.

Aug 11, 2020

India should focus on protecting economy, says ex-RBI governor

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

Aug 6, 2020

RBI Monetary Policy: MPC maintains status quo, repo rate intact at 4%

Accordingly, the repo rate or short-term lending rate for commercial banks and reverse repo rate remain unchanged at 4 per cent and 3.3 per cent, respectively.

Aug 6, 2020

toyota kirloskar motor, tkm, Innova Crysta, fortuner, etios, tkm cars, domestic car sales, car sales

Toyota Kirloskar Motor's July sales rise 40% from June

Accordingly, the company sold a total of 5,386 units in July 2020, from an off-take of 3,866 units in the first month post unlock in June.

Aug 1, 2020

Microsoft eyeing TikTok US business, talks ongoing: Reports

It looks like Microsoft has shown its interest in buying TikTok's US part.

Aug 1, 2020

CEOs of Google, Amazon, Apple and Facebook to defend before US Congress by citing competition

The chief executives of four of the world's largest tech companies, Amazon.com Inc, Facebook Inc, Apple and Alphabet's Google. plan to argue in a congressional hearing on antitrust on Wednesday that they face intense competition from each other and from other rivals.

Jul 29, 2020

Reliance to pay up to $3.6 billion for Future Group retail operations

Mukesh Ambani's Reliance Industries Ltd will pay between 240 billion and 270 billion rupees ($3.2-$3.6 billion) to buy the Indian retail chains owned by Future Group, Mint newspaper reported on Tuesday, citing two sources familiar with details of the deal.

Jul 28, 2020

ICICI Bank's Q1FY21 net profit rises 36% to Rs 2,599 cr

Private sector lending major ICICI Bank reported a 36 per cent growth in standalone net profit of Rs 2,599 crore for the first quarter of 2020-21.

Jul 25, 2020

E-commerce firm Flipkart buys Walmart's India wholesale business

Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal.

Jul 23, 2020

IIM-Bodh Gaya begins fresh academic year with a digital bang

The Indian Institute of Management Bodh Gaya welcomed its new batch of students for the academic year 2020, with a digital orientation.

Jul 21, 2020

HDFC Bank Q1 results: Profits surge 20% to Rs 6,658 crore

Lending major HDFC Bank on Saturday reported a 19.6 per cent increase in standalone net profit for the quarter ended June 30 of FY21 on the year-on-year basis.

Jul 18, 2020

Caitlyn Jenner reveals that she wanted to be Kanye West's Vice President in 2020 elections

In another surprising turn of events, Caitlyn Jenner said she was looking forward to being Kanye West's Vice President in 2020 elections.

Jul 17, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Reliance AGM 2020: Full text of Mukesh Ambani's speech about 5G solutions, Google investment, more

RIL Chairman Mukesh Ambani made several important announcements, highlighting the company's effort to make 'Made in India" voice heard globally. From Google's investment in Jio Platforms to Jio Glass smart eyewear and home-grown 5G solutions, here's everything announced on Wednesday.

Jul 15, 2020

BCCI should probe Gupta's admission of requests to draft mails: Aditya Verma

IPL petitioner Aditya Verma said that the BCCI should immediately look into the claims made by Sanjeev Gupta and those trying to taint BCCI's image.

Jul 14, 2020

Covid-19 pandemic knocks Singapore into recession with record 41.2% GDP plunge

Gross domestic product (GDP) dived by a record 41.2 per cent in the three months ended March, on a quarter-on-quarter annualised basis, the Ministry of Trade and Industry said.