Business

Around 50 PMC bank customers stage protest outside RBI

protest

Around 50 depositories of the scam-hit Punjab and Maharashtra Cooperative Bank staged a protest outside the RBI demanding revoking restrictions on cash withdrawal, currently capped at Rs 40,000 over a six-month period. The protesters marched from Patel Chowk to Reserve Bank of India protesting against the suspension of banking operation since September 24. According to police, the PMC bank depositors ...

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Flipkart to setup food retail unit in India

flipkart

E-commerce giant Flipkart on Tuesday said it is setting up a new local entity – Flipkart Farmermart – that will focus on food retail in India, as it looks to take on arch-rival Amazon in the segment. According to sources, Flipkart is expected to invest about Rs 2,000 crore initially in the business and pump in more funds as required ...

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India to be innovation capital of the world: Piyush Goyal

business

Union Minister of Commerce & Industry and Railways, Piyush Goyal participated in the 3rd edition of India Energy Forum2019by CERAWeek in New Delhi today. Piyush Goyal was part of the Indian Ministerial panel along with R. K. Singh, Minister for New and Renewable Energy and Pralhad Joshi, Minister of Coal and Mines. The discussions were conducted by Daniel Yergin, Pulitzer ...

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Sensex jumps over 150 pts on positive global cues

BSE-Bombay_Stock_Exchange_Building

Equity benchmark BSE Sensex rose over 150 points on Monday led by gains in HDFC Bank, ITC and HUL, amid positive global cues and foreign fund inflow. After opening on a volatile note, the 30-share index swung over 200 points in early trade. It was trading 105.79 points, or 0.28 per cent, higher at 38,232.87 at 0945 hours. Similarly, the ...

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Indian railways made over 35000 crore by selling scrap in last 10 years reveals RTI

train

Indian Railways has added a large amount to its coffers by selling scrap. According to the details released from the railways in response to an RTI application, the department has earned Rs 35,073 crore from scrap in the last 10 years. The details of the scrap issued by the Ministry of Railways in the last 10 years, shows that the ...

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Sensex surges over 600 points, Nifty ends above 11,300

BSE-Bombay_Stock_Exchange_Building

Equity benchmark BSE Sensex surged over 645 points to close at 38,177.95 on Wednesday, propelled by gains in banking, financial and metal stocks. After opening on a cautious note, the 30-share index gained momentum in afternoon trade. It finally closed at 38,177.95, showing a rise of 645.97 points or 1.72 per cent. Similarly, the 50-share NSE Nifty zoomed 186.90 points ...

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Yes Bank shares jump over 4% on fresh investment buzz

increase

Shares of Yes Bank rallied over 4 per cent on Monday on prospects of fresh investments in the company. Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE. On the NSE, the stock advanced 4.03 per cent to Rs 43.85. According to the bank’s chief executive Ravneet Gill, the private sector lender is ...

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Sensex plunges 434 pts after RBI policy outcome

decrease-loss

Equity benchmark BSE Sensex plummeted 434 points on Friday, dragged by heavy losses in banking stocks after the RBI slashed the country’s economic growth outlook for this fiscal. In its fourth bi-monthly policy review, the central bank also reduced its benchmark lending rate by 0.25 per cent to revive growth that has hit a six-year low. After opening nearly 300 ...

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34 functional teams to smoothen merger of UBI, PNB, OBC

pnb

A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India (UBI), Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC), a senior official said. The merger is scheduled to come into force from April 1 next year. “Thirty four functional teams have been created to come out with solutions ...

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Yes bank shares tumble 23 percent; hit multi-year low

decrease-loss

Shares of Yes Bank went into a tailspin on Tuesday despite a positive opening, tumbling nearly 23 per cent, amid worries over stress in the financial system. The scrip came under massive selling pressure in afternoon trade, giving up its early gains and plunged 29.91 per cent to Rs 29.05 — its multi-year low — during the day on the ...

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