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27 Jan, 2021
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Category: Business

Sensex Jumps Over 483 Points, Nifty Tops 9,300; Surge in Banks & IT Firms

May 5, 2020April 29, 2020 ebcandles

Equity benchmark Sensex surged over 483 points on Thursday, tracking gains in IT and banking stocks as expectations of another stimulus package from the government enthused investor sentiment. The 30-share index ended 483.53 points or 1.54 per cent higher at Read more

Business

Vodafone Idea Shares Jump Over 9 Percent as Vodafone Group Makes about Rs 1,530 Crore Accelerated Payment

May 4, 2020April 29, 2020 ebcandles

Shares of Vodafone Idea Ltd ended over 9 per cent higher on Thursday after British telecom giant Vodafone Plc said it has advanced infusion of USD 200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Read more

Business

Govt Decides to Suspend Up to 1 Year IBC Provisions That Trigger Fresh Insolvency Proceedings

May 3, 2020April 29, 2020 ebcandles

In a major relief for corporate borrowers hit hard by the coronavirus pandemic, the government has decided to amend the insolvency law to suspend up to one year provisions that trigger insolvency proceedings against defaulters, according to sources. Further, the Read more

Business

LIC Housing Fin Cuts Lending Rates to 7.5 Percent for New Homebuyers with at Least 800 CIBIL Score

May 2, 2020April 29, 2020 ebcandles

Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 per cent for new homebuyers having a CIBIL score of 800 and above. “The RBI has taken a number of steps to provide Read more

Business

Data Unavailability Main Reason Behind Govt’s Inability to Announce Stimulus for Businesses, Says SC Garg

May 1, 2020April 29, 2020 ebcandles

Former Finance Secretary Subhash Chandra Garg has said the unavailability of data is the main reason why the government has not been able to announce a stimulus package for coronavirus-stricken businesses, including MSMEs. Garg, in a blog post, said there Read more

Business

RBI Allows Banks to Issue Electronic Cards for Overdraft Accounts

April 30, 2020April 29, 2020 ebcandles

Relaxing norms, the Reserve Bank of India on Thursday permitted banks to issue electronic cards to persons having overdraft accounts that are only in the nature of personal loan without any specific end-use restrictions. Banks, as per the central bank’s Read more

Business

Franklin Templeton Mutual Fund Shuts Down Six Debt Schemes: All That Investors Need to Know

April 29, 2020 ebcandles

Franklin Templeton Mutual Fund on Thursday announced it would wind up six yield-oriented, managed credit funds in India, effective April 23, citing severe market dislocation and illiquidity caused by the coronavirus. “The decision has been taken in order to protect Read more

Business

Recent Posts

  • The Best Restaurants In Slovenia
  • South Dakota short tracks change course; will race without fans
  • Study shows fewer kids enrolling in cancer clinical trials
  • Sensex Jumps Over 483 Points, Nifty Tops 9,300; Surge in Banks & IT Firms
  • Hello Neighbor’s animated series pilot has been a surprising success

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