BUSINESS
NBFC body seeks inclusion of education in ECLGS
The NBFC body in a letter to Finance Minister Nirmala Sitharaman noted that the business of many NBFCs include education loans to students to finance their higher education expenses in India and abroad and education institution loans (EIL) for financing education infrastructure growth needs of schools, colleges and universities.
Rising Covid cases, curbs pull markets lower; Sensex down 1.99%
Accordingly, all major sectors other than the healthcare were trading in the red. Around 1.45 p.m., Sensex traded at 47,858.33, lower by 973.70 points or 1.99 per cent from its previous close. The Nifty50 on the National Stock Exchange traded at 14,330.40, down 287.45 points or 1.97 per cent from its previous close.
HCL to drive end-to-end IT transformation at UD Trucks
HCL will deliver end-to-end IT transformation spanning across digital platforms, agile digital application development, migration, support and maintenance and digital workplace services, the company said in a statement. With this new partnership, HCL will further accelerate UD Trucks' digital transformation journey, it added.
Siemens to use Google Cloud to improve shop floor productivity
"The potential for artificial intelligence to radically transform the plant floor is far from being exhausted. Many manufacturers are still stuck in AI ‘pilot projects' today, we want to change that," said Axel Lorenz, VP of Control at Factory Automation of Siemens Digital Industries.
Centre working with states to protect lives, livelihood: FM
"Spoke on telephone with each of the following business/Chamber leaders. Took their inputs on industry/Association related matters. Informed them that GoI at various levels from @PMOIndia is responding to #Covid management. Working together with states for lives and livelihoods," she said.
Sensex tanks 1,400 points amid surging Covid cases
It touched an intraday low of 47,362.71 so far. Around 10.10 a.m., Sensex was trading at 47,561.41, lower by 1,270.62 points or 2.60 per cent from its previous close of 48,832.03.
S Korea to invest $38M in illegal drone response tech by 2025
A consortium of 23 companies and research institutes -- which includes the Korea Atomic Energy Research Institute, the Korea Aerospace Research Institute and aerospace and defense firm LIG Nex1 Co. -- will develop a response system that spots and neutralises the illegal unmanned aircraft, according to the Ministry of Science and ICT.
FPIs pull out Rs 4,643 cr from Indian equities so far in April
So far in 2021, net FPI investments into the equity market have stood at Rs 51,099 crore, with net investments in January, February and March at Rs 19,473 crore, Rs 25,787 crore and Rs 10,482 crore, respectively.
Airtel Payments Bank increases day-end balance limit to Rs 2 lakh
"The RBI's decision to increase the balance limit is an endorsement of the role Payments Banks have in furthering financial and digital inclusion in India. We are glad to enable this increased day-end balance limit for our customers," Anubrata Biswas, MD and CEO, Airtel Payments Bank, said in a statement.
Future Retail board, lenders approve debt restructuring plan
In a regulatory filing, the company said that the board approved the plan in its meeting on Saturday. It now requires the approval of the expert committee, under the chairmanship of the K.V. Kamath constituted by the Reserve Bank of India.
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