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Diesel Remains More Expensive Than Petrol In Delhi, Gap Widens
Edited by Sandeep Singh (with inputs from agencies) | Sunday July 26, 2020International oil prices fell on Friday, pressured by tensions between the US and China, but some supportive economic data in Europe tempered losses. -
India Flips To Discount On Physical Gold Amid Low Demand, Record Price
Reuters | Saturday July 25, 2020, Bengaluru/MumbaiGlobal benchmark spot gold prices held near a nine-year peak, close to the $1,900 an ounce level, on safe-haven investment demand, while silver eyed its best week in over three decades. -
As FMCG Sales Pick Up, Analysts Say Recovery Could Be Short-Lived
Written by Purva Chitnis | Saturday July 25, 2020Britannia says the sales of bread, rusks and biscuits helped the company double its profit during the fiscal first quarter to Rs 545 crore on a year-on-year basis. -
ICICI Bank June Quarter Profit Rises 36% To Rs 2,599 Crore, But Misses Street Estimates
Edited by Sandeep Singh (with inputs from Reuters) | Saturday July 25, 2020ICICI Bank on Saturday reported a 36.22 per cent rise in net profit to Rs 2,599.15 crore in the quarter ended June 30 compared to the corresponding period a year ago, but missed analysts' estimates. Provisions for bad loans by the country's third largest private bank by market capitalisation rose sharply to account for the impact of the coronavirus pandemic. In a regulatory filing, said its total income from operations came in at Rs 26,066.95 crore, up 21.78 per cent compared to the year-ago period. On Friday, ICICI Bank shares had ended 2.66 per cent lower at Rs 381.85 apiece on the BSE, underperforming the benchmark Sensex index which recovered most of the day's losses to close on a flat note. -
RBI Extends $400-Million Currency-Swap Facility To Sri Lanka
Press Trust of India | Saturday July 25, 2020, ColomboThe next round of technical discussions between the two sides on rescheduling of debt repayment is expected to be held soon. -
Diesel Prices Hiked In Metros, Petrol Unchanged. Diesel Remains Costlier Than Petrol In Delhi
Edited by Sandeep Singh (with inputs from agencies) | Saturday July 25, 2020Petrol, Diesel Price: State-run oil companies review the prices of petrol and diesel on a daily basis, to bring them at par with global crude oil rates. -
Indian Overseas Bank Appoints SBI's Partha Pratim Sengupta As CEO
Edited by Sandeep Singh (with inputs from agencies) | Saturday July 25, 2020Partha Pratim Sengupta's appointment will be till superannuation or until further orders, whichever is earlier, Indian Overseas Bank said. -
Cipla Gets Regulatory Nod To Sell COVID-19 Drug
Reuters | Saturday July 25, 2020, BengaluruCipla said it would launch favipiravir as "Ciplenza" in the first week of August, priced at Rs 68 (91 cents) per 200 mg tablet. -
India June Oil Imports Lowest In Nearly Nine Years On Low Demand, Monsoon
Reuters | Friday July 24, 2020Last month, India did not import oil from Venezuela for the first time since June 2009 -
Banks' Bad Debt To Rise Sharply Amid COVID-19 Pandemic: RBI Report
Reuters | Friday July 24, 2020The pandemic may push up the gross NPAs in the Indian banking system to at least 12.5 per centby March 2021, from 8.5 per centin March 2020 -
Financial System Sound, Banks Should Not Be Too Risk Averse: RBI Governor
Press Trust of India | Friday July 24, 2020RBI Governor Shaktikanta Das made the observations in his foreword to the bi-annual Financial Stability Report -
Income Tax Department To Share PAN, Bank Account Data With 10 Agencies As Counter Terrorism Measure
Press Trust of India | Friday July 24, 2020The information will be shared with the agencies under the integrated counter-terrorism platform NATGRID -
Chinese Smartphones' Market Share Slipped In India In June Quarter: Research
Press Trust of India | Friday July 24, 2020Chinese brands saw their market share in India fall to 72 per cent in June quarter from 81 per cent in the preceding three months, the research said -
Sensex, Nifty Recover Most Of Day's Losses To End Marginally Lower
Edited by Abhishek Vasudev | Friday July 24, 2020Mid- and small-cap shares ended mixed as Nifty Midcap 100 index declined 0.3 per cent and Nifty Smallcap 100 index rose 0.22 per cent. -
"Finance Minister And I Were On Same Page Till...": Ex- RBI Chief Urjit Patel
Rahul Satija, Bloomberg | Friday July 24, 2020Moves to dilute a new bankruptcy law caused disagreements between Prime Minister Narendra Modi's government and the central bank.
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