Saturday , October 23 2021

BUSINESS

Rare Silver Lining: India’s Core Industries Growth At 11-Month High, Rises By 5.5 Percent In February

New Delhi:In what comes as a good news for the Modi government, India’s core industries grew at an 11-month high in the month of February registering a growth of 5.5 percent. The output pace in the core industries sector was 1.4 percent higher than January and 2.2 percent higher than that of ...

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Big Bank Merger Comes Into Effect From Today, Here’s All You Need To Know

New Delhi:In what can be termed as one of the biggest consolidation exercises in India’s banking history, the merger of 10 public sector undertaking (PSU) banks into four larger and stronger banks will come into effect from Wednesday (April 1). In August last year, Finance Minister Nirmala Sitharaman had announced about the ...

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Coronavirus Pandemic: Indian Bank, UCO Bank And 5 Others Grant 3-Month Moratorium To Customers

New Delhi:The Reserve Bank of India, last week, had permitted banks, NBFCs (including housing finance companies) and other financial institutions to allow a three-month moratorium on payment of installments on term loans in view of the disruption caused the coronavirus outbreak. Following the instructions, several leading banks of the country ...

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US-Based University Develops Hand-Held, Automatic Ventilators To Fight Coronavirus

Houston:A prominent university in Texas has developed an inexpensive, automatic and hand-held ventilator that could soon be available to doctors in the US and help them combat the coronavirus pandemic that has infected over 164,000 people and claimed the lives of 3,170 others in the country. Across the United States, ...

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Coronavirus Impact: Ind-Ra Cuts Economic Growth Forecast For India To 3.6 Per Cent

Mumbai:Domestic credit rating agency India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid coronavirus-related worries. It has assumed that a full or partial lockdown will continue till end of April and economic activities will be gradually restored only after May. The report comes amid a ...

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Merger Process Of Allahabad Bank, Indian Bank Might Face Slight Delay: Official

Kolkata:The merger process of Indian Bank and Allahabad Bank could face a slight delay in the wake of the 21-day nationwide lockdown, an official of the Kolkata-based lender said on Saturday. Basic banking transactions, however, will commence from April 1, the effective date of merger, he said. “Due to the ...

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