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Government Allows Research Spends On COVID-19 Vaccine, Drugs Under CSR Norms
Edited by Abhik Deb | Tuesday August 25, 2020The notification further said that the spending will have to be made in financial years 2020-21, 2021-22 and 2022-23 -
ICICI Bank Uses Satellite Images For Farm Loans To Cut Costs
Reuters | Tuesday August 25, 2020Banks typically deploy officials to travel to assess irrigation systems, crop quality and land location for forecasting farm revenue to make loans -
Tata Motors To Reduce Rs 48,000 Crore Debt Over Three Years, Says Chairman
Edited by Abhik Deb (With inputs from Reuters) | Tuesday August 25, 2020Earlier this year, Tata Motors reported that its net loss widened to Rs 8,437.99 crore in the June quarter -
Sensex, Nifty End Subdued; Banks Gain, Real Estate Shares Fall
Edited by Abhishek Vasudev | Tuesday August 25, 2020Twelve of 19 sector gauges compiled by the BSE ended lower led by S&P BSE Realty index's over 2 per cent fall. -
Not A Single Rs 2,000 Note Printed In 2019-20: RBI Annual Report
Edited by Abhik Deb (with inputs from agencies) | Tuesday August 25, 2020On the other hand, the circulation of currency notes of denomination of Rs 500 and Rs 200 has gone up substantially -
Rupee Ends Volatile Session Flat At 74.32 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020At the current level, the rupee has recovered 3.34 per cent against the dollar since an all-time low of 76.91 registered in April. -
Sensex, Nifty Edge Up As Markets Extend Gains To Third Day
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Analysts awaited the release of official data on the country's GDP due next week for more clarity on the damage caused by the coronavirus pandemic. -
Allcargo Logistics Locked In 20% Upper Circuit On Delisting Proposal From Promoters
Edited by Abhishek Vasudev | Tuesday August 25, 2020Allcargo Logistics Share: Promoters of Allcargo Logistics currently hold 17,20,22,209 equity shares aggregating to 70.01% of the paid-up equity share capital of the company. -
Adani Joins Ambani In Attempting Full-On Dominance
Andy Mukherjee | Bloomberg | Tuesday August 25, 2020The concentration of economic power in aviation infrastructure is now symptomatic of a broader trend in India, particularly in businesses where the government supplies a key ingredient. -
RBI Warns Of Economic Contraction Till September, Says Government Consumption Key To Demand Growth
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Economic upticks visible in May and June after the easing of coronavirus-related lockdown appear to have lost strength in July and August, mainly due to the re-imposition of restrictions, the Reserve Bank of India said on Tuesday. That suggests that contraction in the country's GDP or gross domestic product will "likely prolong into" the second quarter (July-September), the RBI said in its annual report for 2019-20. The release of the central bank's annual report comes days ahead of the release of official data on GDP for the quarter ended June 30. -
LIC Housing Finance Surges After Profit Rises 34% In June Quarter
Edited by Abhishek Vasudev | Tuesday August 25, 2020LIC Housing Finance shares surged as much as 11.45 per cent, the most in a day since May 26, to hit an intraday high of Rs 308. -
Eicher Motors Extends Gains By Over 3% On Stock Split
Edited by Peter Noronha | Tuesday August 25, 2020The shares of the company have been divided from one existing equity share with face value of Rs 10 each into ten equity shares of face value of Rs 1 each. -
Want To Open A Fixed Deposit Account? Top Banks Pay These Returns Now
Edited by Sandeep Singh | Tuesday August 25, 2020Fixed Deposit Interest Rate: Commercial banks, from the likes of state-run SBI - the country's largest lender by assets - to private sector lender HDFC Bank, its largest in terms of market value, provide a variety of maturity options for fixed deposits, starting from as short as seven days to as long as 10 years. -
RBI Announces Liquidity Operations Worth Rs 20,000 Crore
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020The Reserve Bank of India on Tuesday announced sale and purchase of G-Secs or government securities worth Rs 20,000 crore. In a statement, the RBI said it decided to conduct open market operation (OMO) in two tranches of Rs 10,000 crore each, after reviewing the "current and evolving liquidity and market conditions". The move comes days after minutes of last policy review showed the RBI acknowledges there is room for further rate cut but is unlikely to implement it any time soon due to rising inflation. -
Spot Gold Ticks Higher To $1,936; Focus Turns To US Central Bank Chair's Speech
Reuters | Tuesday August 25, 2020Spot gold was up 0.2 per cent at $1,935.88 per ounce. US gold futures gained 0.1 per cent at $1,941.60 per ounce.
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