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  • Headlines

    Sashidhar Jagdishan to take charge as HDFC Bank CEO from October 27

    HDFC Bank on Tuesday said the appointment of Jagdishan has been approved by the RBI for three years starting from October 27 Mumbai: Sashidhar Jagdishan, the 'Strategic Change Agent' at HDFC Bank, will succeed Aditya Puri as the chief executive officer and managing director of the country's largest private sector lender from late October. HDFC Bank on Tuesday...

    • 2 hrs ago
  • Business

    Fuel demand may take at least 6-9 months to rebound to normal levels: IOC

    Fuel sales had fallen by a record 45.8 per cent in April when a nationwide lockdown was in place to check the coronavirus infections India's fuel demand may take 6 to 9 months to rebound to normal levels as several states impose lockdown to curb the spread of coronavirus, Indian Oil Corp (IOC) Director-Finance S K Gupta said on Tuesday. Fuel sales had fallen by a...

    • 6 hrs ago
  • Just in

    Fuel demand in July falls due to high prices, fresh lockdowns

    Petrol sales by state companies fell by 1% to 2.03 million tonnes in July from June, and by about 11.5% from a year earlier NEW DELHI: India's refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial activity as high retail prices, floods and renewed coronavirus lockdowns in parts of the country dented demand. Local...

    • yesterday
  • Headlines

    Manufacturing activity shrinks again in July, PMI below June-level

    In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months New Delhi: India's manufacturing sector activity contracted at a slightly faster pace in July as demand conditions remained subdued amid prolonged closures, following which firms reduced both staff numbers as well as purchasing activity, a monthly survey...

    • 2 days ago
  • Just in

    GST collection slips over 14% to Rs 87,422 crore in July

    In July 2019, the GST revenue was over Rs 1.02 lakh crore New Delhi: The country's GST collections declined to Rs 87,422 crore in July from Rs 90,917 crore in the previous month, a finance ministry statement said on Saturday. The July collections, however, are higher than Rs 62,009 crore goods and services tax (GST) mopped up in May and Rs 32,294 crore in April. Year-on-year, the...

    • 3 days ago
  • Just in

    There is a need to review high levies in telecom sector, says Sunil Mittal

    Government should not view the sector as source for exchequer, but instead as a force multiplier for ensuring economic momentum, Mittal said New Delhi: Telecom czar Sunil Bharti Mittal on Friday made a renewed pitch for lowering the high levies on telecom industry, saying the government should not view the sector as a source for the exchequer, but instead as a...

    • 5 days ago
  • Just in

    India's largest bank SBI net profit up 81% to ₹4,189 crore in Q1

    Its gross non-performing assets (NPA) of the total advances declined to 5.44 per cent at June-end, over 7.53 per cent at June-end last year New Delhi: The country's largest bank SBI on Friday posted an 81 per cent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of current fiscal as bad loans declined. The lender had reported a net profit of Rs...

    • 5 days ago
  • Business

    IndiGo revenue dips 92%, reports Q1 net loss of Rs 2,844 crore

    Passenger ticket revenues were Rs 585 crore, down 93 per cent and ancillary revenues slipped 81 per cent to Rs 169 crore New Delhi: InterGlobe Aviation on Wednesday reported a net loss of Rs 2,844.3 crore for the three months ended June due to disruptions caused by the coronavirus pandemic, and the airline has pitched for removal of cap on fares. The parent of the country's...

    • 6 days ago
  • Headlines

    Diesel gets cheaper by Rs 8 in Delhi due to VAT cut

    Kejriwal Thursday announced a reduction in the Value Added Tax on diesel from the existing 30 per cent to 16.75 per cent New Delhi: Chief Minister Arvind Kejriwal Thursday announced a reduction in the Value Added Tax (VAT) on diesel from the existing 30 per cent to 16.75 per cent, saying the move will help propel Delhi's economy. The diesel price will be reduced by Rs 8.36 in Delhi due to...

    • 6 days ago
  • Headlines

    Yes Bank takes possession of Anil Ambani Group's Mumbai head office

    Nearly all the major companies in Anil Dhirubhai Ambani Group were operating out of the Santacruz office called 'Reliance Centre' Mumbai: Yes Bank has taken over the headquarter of Anil Ambani's group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the...

    • 6 days ago

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