Business

Open partners with Visa to enhance business banking for SMEs

Bengaluru, Fintech start-up Open, which offers a business banking service for SMEs and start-ups in partnership with banks, have announced a strategic partnership with Visa – the global leader in payments technology – to enhance their business banking proposition for …

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SBI reduces interest rate on all term deposits

Mumbai, Country’s largest lender State Bank of India (SBI) on Monday said it will reduce interest paid on all term deposits from August 1. The lending major said that in accordance to the falling interest rate scenario and surplus liquidity, …

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Sensex slightly in red ahead of major results

Sensex gains 230 points, Nifty above 10,600

Mumbai, The Indian equity market traded in the red during the early trade on Monday ahead of key corporate earning results of ITC, Bharti Airtel, Hero MotoCorp and Axis Bank. The performance of the sector heavy-weights will also be a …

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GST Council slashes tax on EVs and EV chargers

New Delhi,  Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent …

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‘Ease of doing business’ at lowest in Goa: Mining magnate

Panaji, The ‘ease of doing business’ was at its lowest point in Goa, said Audhut Timblo, Chairman of Fomento Resources, here on Saturday. It has come down to zero since 2012 when mining was banned, he said. Terming it a …

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ICICI Bank’s Q1 net profit at Rs 1,908 cr

Mumbai,  Private sector lending major ICICI Bank on Saturday reported a standalone net profit of Rs 1,908 crore for the first quarter of 2019-20. The bank had reported a net loss of Rs 120 crore for the corresponding period of …

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Maruti Suzuki ‘s Q1 net profit down 27%

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Mumbai, Automobile major Maruti Suzuki India on Friday reported a drop of 27.3 per cent in its net profit for the first quarter of 2019-20. Accordingly, the company’s net profit for the quarter fell to Rs 1,435.5 crore compared to …

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No plan to raise rail fares for now: Goyal

New Delhi, There is no proposal to hike rail fare even as price of diesel has gone up as a result of increase in excise duty and cess, Railway Minister Piyush Goyal said in the Rajya Sabha on Friday. “At …

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Amazon optimistic on stable ecommerce policy from India

New Delhi, Amazon is hopeful that the Indian government would release a “stable predictable” e-commerce policy that would allow the retail behemoth keep investing and creating jobs in the country. The commerce ministry is currently in the process of finalising …

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Biocon net zooms 86% in first quarter

Bengaluru, India’s leading biotech firm Biocon on Thursday reported Rs 206-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering a whopping 86 per cent annual growth from Rs 120 crore in the same period a year …

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