Central Government to infuse Rs 3,000 crores in PSU general insurers in Q4 FY21

Central Government to infuse Rs 3,000 crores in PSU general insurers in Q4 FY21

In a bid to improve the financial condition of the state-run general insurance companies, the Finance Ministry of India will put an additional Rs 3,000 crore into them in the ongoing quarter (January-March). Also, the Union Cabinet had last year...

PM Modi set to launch key infra projects in Tamil Nadu and Kerala

PM Modi set to launch key infra projects in Tamil Nadu and Kerala

Prime Minister Narendra Modi is slated to inaugurate and lay the foundation stones of several projects in the states of Kerala and Tamil Nadu on Sunday, February 14. Ahead of his one-day visit to the states, Prime Minister Modi said many...

Ministry of Labour and Employment finalises rules under four codes, reform to be a reality soon

Ministry of Labour and Employment finalises rules under four codes, reform to be a reality soon

The Ministry of Labour and Employment has finalised rules under the four labour codes which will pave the way for making reforms a reality by notifying those for implementation soon. The four broad codes which includes wages, industrial relations,...

Sebi aiming to set up a cybersecurity fusion centre for the securities market

Sebi aiming to set up a cybersecurity fusion centre for the securities market

Markets regulator Sebi is in the process of setting up a cybersecurity fusion centre which is a move aimed at detecting cyber threats faster and resolving such incidents efficiently and effectively. In its annual report for 2019-20, Sebi noted...

Indian Economy to Contract by 7% in FY21: SBI Research

Indian Economy to Contract by 7% in FY21: SBI Research

Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent despite the fact that the agency had earlier forecast a 7.4 per cent contraction in...

Air Fares go up by 30%; Capacity Capped at 80% till March-end

Air Fares go up by 30%; Capacity Capped at 80% till March-end

The Ministry of Civil Aviation on Thursday increased the minimum and maximum airfares across all bands, which on one hand, would provide big relief to the financially distressed airlines but, on the other, would make air travel costlier for...

How to Use Blockchain for Business Transformation

How to Use Blockchain for Business Transformation

Blockchain technology has been in vogue in the industry for some time now and still many business owners as well as individuals aren’t familiar with the ins and outs of blockchain. Many business owners are missing out on the various business...

Adar Poonawalla to acquire 60 percent stake in Magma Fincorp for Rs 3,456-crore

Adar Poonawalla to acquire 60 percent stake in Magma Fincorp for Rs 3,456-crore

Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in the non-banking financial company (NBFC) Magma Fincorp by subscribing to a Rs 3,456-crore preferential issue. After the infusion of capital, Magma and its...

SBI crosses ₹5 trillion-mark in its home loan business segment, grows five times over the last 10 years

SBI crosses ₹5 trillion-mark in its home loan business segment, grows five times over the last 10 years

State Bank of India (SBI) on Wednesday said it has crossed the ₹5 trillion-mark in its home loan business segment. The State Bank of India (REHBU) unit of the bank has now grown five times in the last 10 years with an asset under management...

Sebi to introduce New Framework to Compensate Investors for Technical Glitches

Sebi to introduce New Framework to Compensate Investors for Technical Glitches

Markets regulator Sebi is considering a proposal to introduce a framework which can be used to ascertain the incidents of technical glitches whereby compensation would be given to the investors. Besides, the regulator is also looking to devise a...

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