Business
Karnataka Bank Reports its Highest-ever Quarterly Net Profit of Rs 196 Crore in for June Quarter
The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit.
Banks Sanction Rs 1.20 Lakh Crore Loans to MSMEs under Credit Guarantee Scheme
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May.
Govt Approves Setting up Agri-Infra Fund of Rs 1 Lakh Cr to Support Start-ups, Farmer Groups
The Agri-Infra Fund was part of the Rs 20 lakh crore stimulus package announced in response to the COVID-19 disaster.
Calibrated Approach Needed to Reduce Imports from China, Says SBI Report
The report added that the decision of the government to ban 59 Chinese apps will provide space to the domestic IT sector to develop its own capabilities.
Upside for Rupee Seen Limited Despite Multiple Positives
The rupee was at 74.98 to the dollar on Wednesday and is down 4.74% so far this year, making it the worst performing Asian currency.
Aatmanirbhar Bharat Will Accelerate Path to 5 Trillion Dollar Economy, Says Veteran Banker KV Kamath
Kamath said that the goal of making a self-reliant India should be separated from the push to reduce dependence on China.
I-T Dept Amends Tax Challan to Include Non-resident E-commerce Suppliers for Equalisation Levy
The income tax department has modifies challan ITNS 285 (relating to the payment of equalisation levy) to enable payment of the first installment by non-resid.
Mumbai International Airport to Cooperate in CBI Probe Related to Rs 705 Cr Irregularities
The statement came after the registration of a case against Venkata Krishna Reddy Gunupati, the chairman of the GVK Group of Companies, and his son G V Sanjay Reddy, Managing Director of MIAL, among others by the CBI for alleged irregularities of Rs 705 c...
India's GDP May Contract by 6.4% in FY21 as Economy Activity Remains Hit Due to Lockdown: Care Ratings
It said given that the nation is into a lockdown for July too with restrictions on resumption of services and movement of people, the cutoff date for normalcy will spread into the latter part of the third quarter.
GST Collection in June Stands at Rs 90,917 Crore, up from Rs 62,009 Cr in May
The government had allowed a relaxed time schedule for filing of Goods and Services Tax (GST) returns. Returns of the month of April, March as well as February got filed during June 2020.
Engineering Exporters Wary of Non-clearance of Cargo from China at Indian Ports
Amid heightened border tensions with China, Indian customs officials have started physical inspection of all consignments coming from the neighbouring country, based on intelligence inputs, though there is no formal order.
Industries Need Not Wait for Statutory Clearances for 3 Years, Can Start Work in Karnataka
The government expects the proposed amendment to boost investment across sectors and to aid the ease of doing business in the state.
Historic Hit: After 19 Hikes in a Row, Diesel Breaches Rs 80-mark in Delhi, Petrol Stands At Rs 79.92
The unprecedented development came after petrol prices remained unchanged after a spell of 17 consecutive hikes and diesel prices continued to rise.
India's Oil Imports in May Drop to Lowest in More than 8 Years
In May, India imported 3.18 million barrels per day (bpd) of oil, a decline of about 31% from April and about 26% from a year ago, the data showed.
Centre to Include Compressed Bio-gas Under Priority Sector Lending: Minister Dharmendra Pradhan
The financial assistance to set up the CBG plants has been extended to 2020-21, Minister Dharmedra Pradhan said, while pointing out the Centre was also exploring global funds for CBG projects.
Sensex Jumps over 200 Points in Early Trade; Nifty Tops 10,300
On a net basis, foreign institutional investors bought equities worth Rs 424.21 crore in the capital market on Monday, provisional exchange data showed.
