Yes Bank crisis: FM's assurance is right, depositors' money not at risk, says SBI chairman
Mar 07, 2020, at 11:11 am
Mumbai/New Delhi/IBNS: Amid the panic of the customers of crisis-hit Yes Bank, State Bank of India (SBI) chairman Rajnish Kumar on Saturday said the depositors' money was safe throwing weight behind the statement of Union Finance Minister Nirmala Sitharaman.
No clue about Yes Bank's crisis: Founder Rana Kapoor
Mar 06, 2020, at 07:45 pm
Mumbai/IBNS: Yes Bank founder and former MD Rana Kapoor has said he is unaware of the developments that led the Reserve Bank of India to impose moratorium on the private bank, an India Today report said.
Indian Rupee down 69 paise against USD
Mar 06, 2020, at 06:26 pm
Mumbai/UNI: The Rupee continued to slid as it dropped by 69 paise to 73.79 on brisk demand for US Dollars by bankers and importers, dealers at Forex Market said.
Your money is safe, don't panic: Yes Bank tells customers
Mar 06, 2020, at 06:16 pm
New Delhi/IBNS: Yes Bank on Friday assured its customers that all their money is safe and there was no need to panic.
Mar 06, 2020, at 05:32 pm
New Delhi/IBNS: Union Finance Minister Nirmala SItharaman on Friday reacted to the development following the emergence of the Yes Bank crisis and assured people that their money will remain safe.
Yes Bank update impacts fintech start ups and app based services
Mar 06, 2020, at 05:09 pm
Mumbai/IBNS: Several fintech startups and apps are facing problems in their operations after Yes Bank was put under moratorium by the Reserve Bank of India on Thursday.
Indian Market: Sensex tanks 893.99 pts
Mar 06, 2020, at 04:42 pm
Mumbai/UNI: Dalal street witnessed another carnage on Friday, as the BSE Sensex dropped by 893.99 points to close at 37,576.62 as banking stocks came under pressure after RBI placed troubled lender Yes Bank under moratorium and took over its board.
Tata Steel moves down by 6.51 pc to Rs 351.20
Mar 06, 2020, at 04:26 pm
Mumbai/UNI: Tata Steel on Friday tumbled down by 6.51 pc to Rs 351.20 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).
Indian Rupee down 66 paise against USD
Mar 06, 2020, at 04:24 pm
Mumbai/UNI: The Rupee tumbled down 66 paise in early trade on brisk demand for US Dollars by bankers and importers on Friday, dealers at the Forex Market said.
Indian Market: Sensex crashes 1,212 pts
Mar 06, 2020, at 04:23 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) sensex on Friday tanked by 1,212 points at 37,258 in opening trade following sell-off in global markets, as fear of the spread of the coronavirus and its economic impact gripped investors.
If govt can look into Yes Bank, then why not PMC, PEN urban or Rupee Bank: AIBEA
Mar 06, 2020, at 04:17 pm
Aurangabad/UNI: All India Bank Employees Association (AIBEA) on Friday asked the government that if it can look into financial crisis of Yes Bank, then why not of PMC, PEN urban or Rupee Bank.
Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 04:03 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
Yes Bank customers throng branches after RBI puts restriction on withdrawal
Mar 06, 2020, at 03:13 pm
Lucknow/UNI: Customers of Yes Bank rushed to their branches on Friday after they were informed through media and other sources, that RBI has put restriction on their withdrawal till April 3.
Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 03:05 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
No F&O contracts for Yes Bank after May 28: NSE
Mar 06, 2020, at 01:33 pm
Mumbai/UNI: All existing futures and options (F&O) contracts of Yes Bank, across all expiries, will expire on May 28, 2020, a circular issued by the National Stock Exchange of India (NSE) said on Friday.
Mar 06, 2020, at 01:29 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) sensex on Friday tanked by 1,212 points at 37,258 in opening trade following sell-off in global markets, as fear of the spread of the coronavirus and its economic impact gripped investors.
Swift action will be taken to revive Yes Bank: RBI Governor Shaktikanta Das
Mar 06, 2020, at 11:43 am
Mumbai/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the crisis-hit Yes Bank will be revived by the country's central bank very "swiftly" and "fast".
Indian market opens in red, Sensex starts 3.79 percent lower
Mar 06, 2020, at 09:46 am
Mumbai/IBNS: Indian market started in red as early trade showed Sensex opening 3.79 percent lower at 37,011 on Friday.
Govt imposes withdrawal limit on Yes Bank, SBI to acquire stakes
Mar 05, 2020, at 11:09 pm
New Delhi/IBNS: In a major crisis for Yes Bank, the government on Thursday imposed a withdrawal limit of Rs 50,000 for depositors of the beleaguered private bank.
YONO SBI reaches milestone of 20 million registered users
Mar 05, 2020, at 07:32 pm
Kolkata/UNI: State Bank of India’s (SBI’s) path breaking comprehensive digital service platform - YONO (‘You Only Need One’) has now touched the landmark of 20 million registered users.
RailYatri plans to expand its IntrCity smart bus fleet to 300 in next 12 months : CEO
Mar 04, 2020, at 08:46 pm
Hyderabad/UNI: Online travel start-up RailYatri is planning to expand its ‘ IntrCity ‘ smart bus Fleet to 300 by next 12 months in the country, IntrCity by RailYatri.in CEO Manish Rathi said on Wednesday.
Coca-Cola identifies West Bengal as a key growth market, introduces hyper-local initiatives
Mar 04, 2020, at 06:41 pm
Kolkata/IBNS: Considering West Bengal as its key growth market, soft drink giant Coca Cola on Wednesday said it has rolled out Bengali packaging labels for all beverages across its portfolios as a part of its strategy for the region.
China's 5G investment on verge of peaking: Report
Mar 04, 2020, at 06:09 pm
Beijing/Xinhua/UNI: China will see large-scale investment in 5G infrastructure as relevant standards mature and upstream hardware further improves, said a report published Wednesday by S&P Global (China) Ratings, a wholly-owned subsidiary of S&P Global Inc. registered in Beijing.
Cabinet recommends amalgamation of 10 PSBs into 4 from Apr 1
Mar 04, 2020, at 04:58 pm
New Delhi/UNI: The Union Cabinet on Wednesday approved the mega consolidation of 10 PSBs into four.
LLP settlement Scheme launched, to allow one-time condonation of delay
Mar 04, 2020, at 04:28 pm
New Delhi/UNI: As part of Government’s constant efforts to promote ease of doing business, the government has been decided to give a One-time relaxation in additional fee to the defaulting Limited Liability Partnerships to make good their default by filing pending documents and to serve as a compliant LLP in future.
Cabinet approves Companies (Second Amendment) Bill, 2019
Mar 04, 2020, at 04:24 pm
New Delhi/IBNS: The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013.
India to export over 35 lac tons of sugar despite fall in production
Mar 03, 2020, at 10:22 pm
New Delhi/IBNS: Despite fall in sugar production, Indian sugar mills are going to export over 35 lac tons of sugar, Indian Sugar Mills Association(ISMA) said in a statement today.
Arcelor Mittal Nippon Steel India acquires Bhander Power plant
Mar 03, 2020, at 06:33 pm
New Delhi/IBNS: ArcelorMittal Nippon Steel India (AM/NS India) on Tuesday announced that it has completed the acquisition of Bhander Power Plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company.
Namibia to construct 4 wind power plants in national park
Mar 03, 2020, at 05:09 pm
Windhoek/Xinhua/UNI: Namibia has approved the construction of four wind power plants in the Tsau Khaeb (Sperrgebiet) National Park in the country's coastal town Luderitz, officials said Tuesday.
Sun Pharma rallied by 6.64 pc to Rs 393.35
Mar 03, 2020, at 05:03 pm
Mumbai/UNI: Sun Pharma on Tuesday advanced by 6.64 per cent to Rs 393.35 to be the top gainers in the 30 scrips index of Bombay Stock Exchange (BSE).