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No immediate plans to exit Universal Sompo: Padmaja Chunduru of Indian Bank
With the amalgamation of Kolkatbased Allahabad Bank with Chennai-based Indian Bank today, the amalgamated Indian Bank now faces the task of sailing through tough times amid shortage of staff due to Covid-19. In rural and semi urban areas local authorities are also helping us streamline the process, as social distancing has to be maintained. Source : Business Standard | Mumbai 20:02 IST | April 01, 2020
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Tata Power to restart Mundra UMPP units to supply low-cost electricity
Tata Power has decided to restart its Mundra ultra mega power project (UMPP) units to supply low-cost electricity. On March 11, Tata Power said it has agreed to continue to supply power to the states up to March 20, giving them time to arrive at a decision on the tariff. Source : Business Standard | Mumbai 20:01 IST | April 01, 2020
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UPI crosses 100cr transactions in March despite COVID-19 lockdown and Yes Bank crisis
Unified Payment Interface (UPI) lodged over 1bn transactions in March even as both value and volume of payments on the channel showed decline from previous months due to curbs on daily commerce and limited economic activity on account of restrictions imposed to slow the spread of COVID-19 and Yes Bank related disruptions. Source : economictimes | Mumbai 19:20 IST | April 01, 2020
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Mahindra Mahindra sales dip 88% in March
Auto major Mahindra & Mahindra (M&M) on Wednesday reported a steep 88% decline in total sales at 7,401 units in March. In the passenger vehicles segment -- which includes UVs, cars and vans -- it sold 3,384 vehicles in March this year, against 27,646 vehicles in the same month last year, down 88%. Source : MoneyControl | Mumbai 18:43 IST | April 01, 2020
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COVID-19 lockdown: Bajaj Auto extends free service, warranty period of all vehicles
Bajaj Auto on Wednesday said it has extended its free service and warranty period for both two-wheelers and commercial vehicles in the wake of the 21-day pan-India lockdown announced to combat the coronavirus pandemic. ". Additionally, any vehicle for which warranty is getting matured (expired) between March and April (up to April 30), time validity will get extended by two months, Bajaj Auto said. Source : economictimes | Mumbai 18:10 IST | April 01, 2020
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Good time to look at ICICI Axis Bank, FMCG likely to underperform: Nomura
The current market correction is looking worse than the one during 2008 financial crisis because of the way the stocks have fallen. Financial stocks have corrected quite significantly and this is a space where we are taking a slightly longer term view. But we are underweight on the consumer space because of valuation. View on the FMCG space. Source : MoneyControl | Mumbai 17:03 IST | April 01, 2020
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Covid-19 pandemic affecting business in India, Europe: Tata Steel
Steel major Tata Steel on Wednesday said the outbreak of COVID-19 pandemic has impacted its business and operations in India and Europe. " Overall European steel demand has sharply reduced compared to the normal conditions and many of our customers have paused production, including European car manufacturers. Source : economictimes | Mumbai 17:00 IST | April 01, 2020
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Canara Bank announces cessation of director
With effect from 01 April 2020...
capital market | Mumbai 16:56 IST | April 01, 2020
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Canara Bank announces appointment of Executive Director
with effect from 01 April 2020...
capital market | Mumbai 16:55 IST | April 01, 2020
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CreditAccess Grameen hikes stake in Madura Micro Finance
CreditAccess Grameen hikes stake in Madura Micro Finance...
capital market | Mumbai 16:54 IST | April 01, 2020
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CSB Bank reduces Repo Linked Lending Rate to 4.40%
With effect from 07 April 2020...
capital market | Mumbai 16:53 IST | April 01, 2020
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Rail Vikas Nigam announces cessation of CFO
With effect from 31 March 2020...
capital market | Mumbai 16:50 IST | April 01, 2020
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With effect from 01 April 2020...
capital market | Mumbai 16:50 IST | April 01, 2020
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Rail Vikas Nigam announces cessation of directors
With effect from 01 April 2020...
capital market | Mumbai 16:48 IST | April 01, 2020
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Camlin Fine Sciences resumes partial production at Tarapur unit
From 01 April 2020...
capital market | Mumbai 16:47 IST | April 01, 2020
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Gujarat State Fertilizers & Chemicals commences manufacturing at Sikka, Jamnagar unit
Gujarat State Fertilizers & Chemicals commences manufacturing at Sikka, Jamnagar unit...
capital market | Mumbai 16:45 IST | April 01, 2020
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National Fertilizer announces cessation of director
With effect from 31 March 2020...
capital market | Mumbai 16:43 IST | April 01, 2020
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Escorts Agri Machinery Segment tractors sales decline 54% in March 2020
Escorts Agri Machinery Segment tractors sales decline 54% in March 2020...
capital market | Mumbai 16:42 IST | April 01, 2020
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Canara Bank allots 42.32 crore shares to eligible shareholders of Syndicate Bank
Pursuant to scheme of amalgamation...
capital market | Mumbai 16:39 IST | April 01, 2020
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