BUSINESS
UK judge rules in India's favour another setback for Nirav Modi
Tuesday's hearing was an additional hearing scheduled to rule on the admissibility of evidence presented before the Westminster Magistrates Court. Modi was remanded in custody till December 1.
Alibaba reveals “fast rhino”
In a bid to reinvent and necessarily, efficiently innovate factories around China, Alibaba is all set to transform the country's outdated factories. It had been conducting a secret experiment on the outskirts of its hometown of Hangzhou.
70% households paid more for tomatoes, potatoes & onions in 2020
LocalCircles conducted a survey to understand how much extra people have been spending to purchase per kilogram of onions, potatoes and tomatoes as consumers show discernment over the rising prices of these vegetables over the last two months.
Diesel completes a month without revision in retail prices
The auto fuel prices were revised downwards to current levels exactly a month back on October 2. But since then, oil marketing companies have not changed its price suggesting stability in the oil market.
Yes Bank to sell 32,344 crore NPA portfolio
Sources informed that Yes Bank's offer to ARCs will be to recover at least 15 per cent amount i.e. Rs 5,000 crore upfront. The balance 10 per cent amount i.e. Rs 3,000 crore may be potential recovery by way of deferred payments.
Privatisation-bound BPCL postpones key expansion projects
Privatisation-bound PSU refiner, Bharat Petroleum Corporation Ltd. (BPCL) has delayed expansion plans for its refinery projects, pending its share sell-off programme that will see government completely exiting from the company and handing over its management to a strategic investor.
Global smartphone market recovers in Q3
The recovery in Q3, compared to Q2, was driven by all key markets, like the US, India and Latin America, returning slowly to normal due to eased lockdown conditions.
State Bank of India offers concessions on home loans
The SBI has offered a credit score based concessions of up to 20bps from 10 bps earlier, for a home loan of above Rs 30 lakh to Rs 2 crore across India, in an extension of its festive offers announced recently.
Khadi Village Industries Corporation launches khadi footwear
Speaking at the launch, MSME Minister Nitin Gadkari said, "Global footwear industry is valued at Rs 1.45 lakh crore. KVIC will generate immense demand for khadi footwear with its range of products."
Sensex above 40,900, stocks of banking, finance rise
Sensex was trading at 40,909.76, higher by 365.39 points or 0.90 per cent from the previous close of 40,544.37 at 10.42 a.m.
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