Category: Stocks

Finance Minister Nirmala Sitharaman Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of […]

A 300 millimetre silicon wafer at the Globalfoundries Inc. semiconductor plant in Dresden, Germany, on Thursday, Aug. 12, 2021. Globalfoundries hosted German election front-runner Armin Laschet today as he comes under pressure to regain the initiative after a rocky several weeks hit the conservative bloc?s support. Photographer: Liesa Johannssen-Koppitz/Bloomberg China is working on a more […]

Binance said in a separate tweet the halt was due to “token swap” – where digital token holders exchange their crypto coins, typically over different blockchains. Reuters December 13, 2022 / 03:33 PM IST (Source: Reuters) Binance, the world’s biggest crypto exchange, said on Tuesday it had “temporarily paused” withdrawals of the major stablecoin USDC. […]

Representative Image Proxy advisory firm IiAS has said that One97 Communications share buyback plan is essentially a return of equity capital to its shareholders as the company has been reporting cash losses every year, while the digital financial services firm said that it remains focussed on building long-term value for stakeholders. Institutional Investor Advisory Services […]

Co-browsing, also known as, collaborative browsing, allows helpdesk agents of the I-T department to collaborate with the taxpayer’s browser in real-time, just at the click of a button. It puts a human at the back end who talks to you and solves your problem then and there. The government on Tuesday said an amount of […]

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 108. PTI December 13, 2022 / 02:35 PM IST Representative image Gold price on Tuesday increased by Rs 108 to Rs 54,240 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi […]

The consolidation of Housing Development Finance Corp. and unit HDFC Bank Ltd. will create a more than $ 200 billion financial services behemoth, and the parent will be able to tap the bank’s deposits to grow, rather than pile on more debt. December 13, 2022 / 11:45 AM IST HDFC Bank No. of PMS strategies […]

The handset is likely to come with a 4GB RAM which will be backed by a Snapdragon 480+ SoC chip owing to Jio’s partnership with Qualcomm, which makes the Snapdragon chip Reliance in August announced that the Jio Phone 5G is being developed with technological aid from Google (Image Source: Jio Platforms) Reliance’s budget 5G […]

The Reserve Bank of India (RBI) net sold USD 33.42 billion in the foreign exchange market in the first six months of current fiscal to defend the rupee from excessive volatility. The central bank closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange […]

India imports coking coal and other high gross calorific value (GCV) coal as domestic production is limited due to either scarce reserves or non-availability. PTI December 12, 2022 / 02:55 PM IST India imported 131.92 million tonne of coal worth Rs 2.3 lakh crore in April-September period of ongoing financial year. In FY22, the country’s […]

In the international market, gold was quoting lower at USD 1,789.4 per ounce while silver was up at USD 23.48 per ounce. December 12, 2022 / 03:01 PM IST Representative image Gold price fell by Rs 109 to Rs 54,461 per 10 gram in the national capital on Monday amid weak global trends, according to […]

Deploring that young minds are falling prey to gambling and going astray, former Karnataka minister and senior BJP legislator Suresh Kumar has written to Union Finance Minister Nirmala Sitharaman requesting her to take immediate steps to ban advertising, marketing, and texting by online gaming companies. He pointed out that there are a number of reports […]

Representative image The U.S. Energy Department said on Monday it had finalized a $ 2.5 billion low-cost loan to a joint venture of General Motors Co and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities. Reuters first reported in July the planned loan to Ultium Cells LLC from the […]

The funding will support Aspen’s capabilities to manufacture routine and outbreak vaccines for Africa (Representative Image) Aspen Pharmaceuticals has concluded a set of agreements with the Gates Foundation and the Coalition for Epidemic Preparedness Innovations (CEPI) to receive $ 30 million in funding to support its capabilities to manufacture routine and outbreak vaccines for Africa. […]

Equipped with a 21-inch front wheel and 18-inch rear wheel, the new DesertX is designed to handle even the most challenging off-road terrain. Ducati India has launched its new DesertX motorbike in India at Rs 17.91 lakh (ex-showroom, India). The Star White Silk colour bike is up for bookings across all the company authorized dealerships […]

Representative image The government on Monday ruled out making public the RBI report detailing the reasons why the central bank could not keep inflation within the targeted 6 per cent upper limit for the three consecutive quarters. “Yes sir, RBI has furnished a report to the central government, as mandated under Section 45ZN of the […]

Tata Group-owned Air India is close to finalising a deal with US aircraft maker Boeing for 50 narrow-body Boeing 737 MAX planes for its international budget arm Air India Express, according to sources. The sources familiar with the development said the deal will be part of a large aircraft order that Air India has been […]