The Bank of England kept its main interest rate at the record low of 0.1% on Thursday and updated its growth predictions for the British economy following the lifting of many coronavirus lockdown restrictions. In a prepared statement accompanying its decision,

Coinbase, one of the largest crypto exchanges based in New York, has received approval from Japan's main regulatory body, the Financial Services Agency (FSA). Under the new Fund Settlement Act, the FSA registered Coinbase as a cryptocurrency exchange. Coinbase will now

Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Google Cloud are embarking on a comprehensive, long-term strategic relationship with a goal of powering 5G in enterprise and consumer segments nationwide. In addition, Reliance will also take advantage

Post office small savings schemes come with a variety of options for both short and long-term investors. Ranging from PPF to SCSS, small savings schemes are considered as one of the most secure investments apart from fixed deposits of banks. In

Revenues of India's top 10 states, which plunged 600 basis points (bps) last fiscal, are set to exceed the pre-pandemic - or fiscal 2020 - levels by 600 bps this fiscal, CRISIL has stated. The recovery would be driven by higher

The Reserve Bank of India has stipulated a set of guidelines for NBFCs before they declare dividends. According to a RBI release, the Board of Directors shall, while considering the proposals for dividend, take into account the following aspects: (a) Supervisory

Reliance Industries Limited (RIL) slides nearly 3% amid profit booking.Despite the Covid-19 outbreak, Ambani stated the company's performance in FY21 exceeded expectations in his speech. Reliance opened 1,500 new stores, the largest retail expansion of any retailer during this time period,

The 44th annual general meeting (AGM) of Reliance Industries (RIL), India's largest business by market capitalization, was held virtually on June 24, 2021, at 2 p.m. During the RIL AGM, India's most valuable firm made many announcements related to its telecom,

Four year ago, RIL's telecom arm disrupted the telecom space and pushed some of the major players into bankruptcy. And now Mukesh Ambani treads the shareholders through the company's 5G venture. The company has tested 5G soutions and demonstrated speeds of

Last year, Ambani presented his vision for Reliance and India's next significant value creation engine: our New Energy and New Materials company. He also revealed our 15-year goal of becoming carbon-neutral by 2035. In 2021, Reliance will create a new energy

Talking about Jio, the company's chairman said we invested a huge sum into Jio and serves over 42.5 crore customers across the country. The company is the second largest global mobile date carrier. In the 4G spectrum, the company has invested

As expected in the 44th AGM, Mukesh Ambani has confirmed the induction of Saudi Aramco's chairman Yasir Al-Rumayyan into RIL Board. This shall also mark the company's internationalisation. He'll be joining the company as the independent director. The Saudi

Talking on the Financials the company's chairman took pride in its growth over the pandemic hit year. Net profit for the company was up 34%. He went on to say the company's performance has been outstanding even in distressed time

Even before running through the company's financial, the conglomerate has taken pride in its humanitarian contribution in distressed times amid the pandemic. The company's Covid mission was put forth by Isha, Akash and Nita. Isha Ambani goes on to address that

Fitch Ratings has upgraded Reliance Industries Ltd's (RIL) rating to 'BBB', one notch above India's sovereign rating, as the company benefits from cash flow generation across diversified business segments and continuation of deleveraging. In a statement, Fitch said it has upgraded

According to RBI standards, banks will be closed for four days next week, from June 25 to June 30. The banks will be shut on June 24 (today) due to the occasion of Sant Kabir Jayanti at Chandigarh and June 25

According to RBI standards, banks will be closed for four days next week, from June 24 to June 30. The banks will be shut on June 24 due to the occasion of Sant Kabir Jayanti at Chandigarh and June 25 for

All eyes are on the Reliance AGM to hear what Mukesh Ambani has to say on the developments at the oil to chemicals business, Jio Business and retail business of Reliance. We will bring you live updates from the AGM.

After the information technology (IT) major stated that its Rs 9,200 crore buyback via open route will begin on Friday, June 25, 2021, shares of Infosys hit a fresh high of Rs 1,539.90, up 2.5 percent on the BSE in intra-day

Banks will now provide monthly pension slips to Central Government retirees which will include the monthly pension amount paid, as well as the breakdown of the amount credited to a savings or current account maintained by a pensioner and specifics of

S&P Global Ratings on Thursday cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook

Reliance Industries Ltd (RIL), India's largest conglomerate, will host its 44th annual general meeting (AGM). This will be Reliance Industries' second virtual annual general meeting. Reliance Industries stock was trading at Rs 2,194 at 10.12 am, down 0.51 percent on NSE

Shyam Metalics and Sona Comstar have debuted on the street today. The listing has been on expected lines. Shyam Metalics on the NSE made a good listing at a price of Rs. 380 as against the issue price of issue price

Brent crude prices as on June 23, 2021 traded higher above $75 at $75 bbl mark and this augurs well for oil exploration companies in India such as ONGC and Oil India. ONGC however is trading mildly lower by 0.24%. Also,

The tours and travel industry, which was beginning to recover before the second wave of Covid-19 infections began, will now see revenue this fiscal reaching only 35-40% of the pre-pandemic levels, CRISIL has stated in a report. While companies have raised

Benchmark indices were trading higher on Thursday, with Asian markets showing a lack of direction. Mainland Chinese stocks slipped with the Shanghai Composite lower and the Hang Sang marginally higher. Stocks in Japan were trading little changed. The Sensex was up

Fuel prices in the country were raised again after a day of hiatus, putting a strain on travellers. Petrol and diesel prices were raised in additional state capitals on Thursday, approaching the psychological mark of Rs100. Petrol has increased in price

While the regulatory risks continues to linger from across the globe, cryptocurrencies for now are showing varied price movements. As at Indian time 7:05 am, while some are up in trade by a hefty up to over 15%, others including

FMCG companies are witnessing an increase in sales after Unlock 2.0 with easing of curbs on trading and movement by state governments and local authorities due to falling number of COVID cases. States began lifting restriction in the first week of

Finance Minister Nirmala Sitharaman on Wednesday said the government will actively pursue cases against economic offenders to bring back defrauded money of banks. The remark came soon after the Enforcement Directorate (ED) said the Debts Recovery Tribunal (DRT) has sold shares

An umbrella body for micro, small and medium enterprises AICA on Wednesday sought immediate intervention of Prime Minister Narendra Modi on rising prices of raw materials such as steel, iron ore, aluminum, copper, plastics and paper. As many as 170 industry

The first wave of COVID-19 last year impacted households as their financial savings moderated to 8.2 per cent of GDP in December quarter from 10.4 per cent in the previous three-month period, revealed an RBI data released on Wednesday. The preliminary

IPO frenzy shall only gather pace with a number of companies lined up to open their public issues. Amid it, if you had applied for the IPOs of Shyam Metalics and Sona Comstar and had been lucky enough to be allotted

With effect from July 1, 2021, PAN-Aadhaar linking would be required for all MF transactions, according to the rules issued by the Income Tax Department. If a mutual fund investor will not link his or her PAN with Aadhaar before June

Fuel prices for some time now are on an uptrend and in most of the cities across India is very close to Rs. 100 mark per litre or have already breached the mark. While the concerned department owes the current fuel

A fundamentally good company also relates to the company that is low on debt while leveraging enables expansion, capital expenditure etc., too much of its existence on the company's balance sheet is not a good financial indicator. As is reported despite

After opening firm in line with strong global cues, Indian benchmark indices ended in the red today. At the close, Sensex was down by 283 pts. at 52,306 while Nifty dropped by 86 pts. to close at 15687. Bank Nifty also

India Pesticides Limited, one of the world's largest agrochemical manufacturers, has been in operation since 1984. In terms of volume, it isamong India's fastest-growing agrochemical companies in Fiscal 2020. India Pesticides are also the only Indian manufacturer of some technicals, such

A fundamentally good company also relates to the company that is low on debt while leveraging enables expansion, capital expenditure etc., too much of its existence on the company's balance sheet is not a good financial indicator. As is reported despite

Employees of the Central Government who want to develop their own house can apply for a House Building Advance (HBA). The HBA availed from October 1, 2020 to March 31, 2022, for a total of 18 months, a basic interest rate

About 40 per cent of the money lost by banks in the PNB scam and the fraud linked to fugitive businessman Vijay Mallya's defunct Kingfisher Airlines has been realised by way of sale of shares seized under the Prevention of Money

Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter In

Fuel prices for some time now are on an uptrend and in most of the cities across India is very close to Rs. 100 mark per litre or have already breached the mark. While the concerned department owes the current fuel

Gold prices were absolutely flat in international, as well as domestic trade. Gold Futures for August delivery were up just 0.14% at Rs 47,125, while international spot gold prices were trading at $1780.20 an ounce, with gains of 0.18%. Lack of

The Indian motorcycle maker will boost prices across the board starting July 1. Prices could climb by much to Rs 3,000, according to estimates. The stock was one of the top gainers on the Sensex and Nifty 50 indexes on Wednesday.

Employers will now be able to submit electronic return-cum-challan (ECR) only for those employees whose Aadhaar numbers have been linked and validated with universal account numbers or UANs, according to the Employees' Provident Fund Organisation (EPFO). The EPFO's new step reflects

Lower rate in other saving avenues amidst the low interest rate regime has led to greater interest by individuals in the stock market, SBI has said in its Ecowrap report. Another reason could be the significant increase in global liquidity. Additionally,

IDBI Bank in early trade on June 23, 2021 opened on a positive note. At 9:17 am, the lender's scrip traded higher by 3.89% at 40.10, while it hit the day's high price of Rs. 40.9. Meanwhile, indices traded firm with

Benchmark indices opened the day higher as US Bond yields retreated and global cues continued to remain strong. Overnight US markets also saw good buying with the NASDAQ closing at a new record high. The Sensex was trading with gains of

Higher occupancy due to a surge in Covid-19 treatments will help private hospitals bounce back with 15-17% growth in revenue this fiscal, a shade above what they attained in the pre-pandemic year of fiscal 2020. According to CRISIL, this will aid