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Fuel prices hit record highs; Petrol crosses Rs 100-mark in Maharashtra

May 10, 2021 11:08:31 am

Petrol price was hiked by 26 paise a litre and diesel by 33 paise per litre — the fifth increase in prices since May 4.

Exports rise 80% to $7 billionduring May 1-7

May 10, 2021 3:15:11 am

Exports during May 1-7 last year stood at $3.91 billion and $6.48 billion in the same week of May 2019, data showed.

Even as FPIs turn net sellers in May so far, domestic institutions keep buying tap on

May 10, 2021 3:03:40 am

Foreign investors pulled out Rs 5,936 crore from domestic equities in the first week of May amid worries over the intense second wave of Covid infection and its fallout on the economy.

Keeping telcos’ cash crunch in mind, DoT may delay 5G auction to next fiscal

May 10, 2021 3:02:17 am

The DoT believes that all the three private telcos are likely to wait for the allocation of mid-band spectrum to roll out commercial 5G services.

Amid softening yields, MFs turn to equities for 2nd month in a row

May 10, 2021 3:00:48 am

Investment by mutual funds (MFs) in equities will continue in coming months seeing the increase in user growths as multiple fintech players are entering into this space, Kaushlendra Singh Sengar, founder and CEO at INVEST19, said.

Musk boosts his brand, and NBC Universal’s, on ‘Saturday Night Live’

May 9, 2021 12:17:34 pm

Throughout the show, Musk gently poked fun at himself, including his penchant for provocative tweets and his one-time choice to smoke a joint on a podcast.

Oil PSUs commit Rs 100 cr to Badrinath revamp: ‘In process’ before Covid

May 9, 2021 1:27:40 am

Union Petroleum Minister Dharmendra Pradhan said the move “would help attract tourists to the state”, adding that oil PSUs would also contribute to the development of Kedarnath, Uttarkashi, Yamunotri and Gangotri.

CBIC eases norm on furnishing bonds for import, export of goods till June 30

May 9, 2021 1:18:11 am

In a circular, the CBIC said importers and exporters will have to furnish an undertaking to the Customs authorities in lieu of the bonds till June 30.

Bandhan Bank Q4 net falls 80% on provisions for MFI loan write-offs

May 9, 2021 1:12:49 am

The Kolkata-based bank had posted Rs 517.28 crore net profit in the fourth quarter of FY20. The lender’s total provision and contingencies in Q4FY21 rose 92.7 per cent y-o-y to Rs 1,594.30 crore from Rs 827.36 crore in the same quarter previous fiscal.

Mini Ipe, BC Patnaik named new managing directors of LIC

May 9, 2021 1:07:51 am

The Banks Board Bureau (BBB) — the head-hunting agency for chairmen, CEOs and MDs of public sector banks and insurance companies — has chosen Mini Ipe and BC Patnaik as Managing Directors of Life Insurance Corporation (LIC), which will have two vacancies of MD in the next five months.

Forex reserves see fourth week of gains, close to all-time high

May 9, 2021 12:54:12 am

With the latest gain, the forex kitty posted its fourth successive week of gains — starting with a rise of $4.344 billion to reach $581.213 billion during the week ended April 9.

Pandemic, lockdown calls see cash with public hit record high

May 8, 2021 7:47:35 am

According to the data released by the Reserve Bank of India, the currency with public rose by Rs 15,919 crore in the fortnight ended April 23 to cross the Rs 28 lakh crore mark for the first time.

No steep premium hike for health policies: Irdai

May 8, 2021 1:12:06 am

The Irdai said a health regulator would have helped in terms of adherence to treatment protocols, reasonability of charges and service quality at hospitals.

Suresh Prabhu seeks release of FY20 benefits for services exports

May 8, 2021 1:07:13 am

Prabhu recommended that the travel and tourism (including health tourism), education and aviation sectors be exempted from the Rs 5-crore ceiling as they have been the worst hit by Covid.

Hospitals allowed to take cash payments of over Rs 2 lakh

May 8, 2021 12:59:11 am

The government has allowed hospitals, dispensaries and Covid care centres to accept cash payments in excess of Rs 2 lakh from patients or kin till May 31.

‘Covid wave: Expect muted hit on economy as against first’

May 8, 2021 5:55:45 pm

The "need of the hour is, therefore, to expand vaccination at a fast pace", the Finance Ministry noted in its Monthly Economic Review for April released Friday.

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RBI sets up advisory group to assist regulatory review authority

May 7, 2021 5:39:43 pm

The RBI has set up the second Regulatory Review Authority (RRA 2.0), initially for a period of one year from May 01, 2021, with a view to streamline regulations and reduce the compliance burden of regulated entities.

Tata Motors to hike passenger vehicle prices from Saturday

May 7, 2021 5:19:40 pm

Tata Motors noted that it would offer protection from the price increase to customers who have booked vehicles on or before May 7.

Impact of COVID-19 second wave on economy to remain muted: Finance Ministry report

May 7, 2021 4:22:26 pm

The fiscal position of the central government, it said, has witnessed an improvement in the recent months with a revival in the economic activities during the second half of FY2020-21.

India to breach fiscal deficit target in FY22: Fitch Solutions

May 7, 2021 2:41:04 pm

The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).

SBI internet banking, YONO, UPI services to be hit later today: Everything you need to know

May 7, 2021 1:25:21 pm

SBI account holders will not be able to use internet banking, YONO, YONO Lite and UPI services from 10:15 pm on Friday up to 1:45 am on Saturday, the lender said in a tweet Thursday evening.

Petrol and diesel prices hiked for fourth straight day, touch new record highs

May 7, 2021 11:15:14 am

Petrol and diesel prices: The price of petrol in Delhi currently stands at Rs 91.27 per litre while diesel is now selling at Rs 81.73. In Mumbai, petrol costs Rs 97.61, while diesel is retailing at Rs 88.82. Read below to find out fuel prices in your city.