Raveena

Stories By Raveena

GST collection crosses Rs 1 lakh cr mark for first time since February

November GST collection at nearly Rs 1.05 lakh Cr

The revenues for the month of November 2020 were 1.4 per cent higher than the GST revenues in the same month last year.

S&P retains India's growth forecast at (-)9 per cent this fiscal

S&P retains India's growth forecast at (-)9 per cent this fiscal

S&P, in its report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal.

Byju's raising $200 mn funding from BlackRock, T Rowe Price: Sources

Byju's raising $200 mn funding from BlackRock, T Rowe Price: Sources

According to sources, Byju's has raised USD 200 million in a fresh round of funding that has raised the company's valuation to USD 12 bil...Read More

Nigerian drug regulator blacklists Gujarat pharma company for providing 'substandard antibiotics'

Gland Pharma IPO price band at Rs 1,490-1,500, offer opens on Nov 9

Srinivas Sadhu, MD and CEO of Gland Pharma, said the company plans to raise up toRs 1,250 crore through issuance of fresh equity and allo...Read More

IndusInd Bank's Q2FY21 consolidated net profit declines by 52.67%

IndusInd Bank's Q2FY21 consolidated net profit declines by 52.67%

Accordingly, IndusInd Bank's consolidated net profit fell to Rs 663 crore as compared to Rs 1,401 crore during the corresponding quarter ...Read More

Jio becomes first telco to cross 40 crore subscribers mark: Trai data

Jio becomes first telco to cross 40 crore subscribers mark: Trai data

The overall telecom subscriber base increased marginally to 116.4 crore in July from 116 crore in June.

Reserve Bank of India (RBI)

RBI appoints new PMC Bank administrator, says huge losses posing challenges to revival

RBI appointed A K Dixit, ex-general manager of Union Bank of India, as the new administrator of the bank with effect from September 23, 2...Read More

TRAI issues directions for tariff advertisements

TRAI issues directions for tariff advertisements

In a circular, the telecom regulator said "telecom service providers shall prominently highlight the additional terms and conditions and ...Read More

Moody’s cuts five PSU banks’ ratings as slowdown worsens

Moody’s cuts five PSU banks’ ratings as slowdown worsens

The outlook on the ratings of the four banks is negative.

Vodafone Idea

TRAI issues showcause notice to Voda Idea on priority plan; says offer misleading

TRAI had been probing the Vodafone Idea Ltd (VIL's) priority plan. The watchdog has issued an elaborate 17-page notice to the telco askin...Read More

AIIB in discussion with India for financing of ambitious USD 8-bn health infra scheme

AIIB in discussion with India for financing of ambitious USD 8-bn health infra scheme

The Beijing-based multilateral funding agency had earlier approved a financial assistance of USD 1.2 billion for India to fight the COVID...Read More

JM, Edelweiss in race for Reliance Finance

JM, Edelweiss in race for Reliance Finance

Lenders led by Bank of Baroda had invited bids for RCFL to recover unpaid loans and the last date of submitting the EoI was August 11.

File photo

New tariff plan is not a new service: VIL counters Trai on priority offering

Responding to questions raised by the Telecom Regulatory Authority of India (Trai) over the priority plan, Vodafone Idea argued that a ne...Read More

PV sales contraction eases in July to 4%, cars log 12% drop

PV sales contraction eases in July to 4%, cars log 12% drop

The July PV sales are significantly better than June when the despatches had declined by 49.59 per cent at 1,05,617 units as against 2,09...Read More

Industrial production declines 16.6% in June

Industrial production declines 16.6% in June

The decline in factory output was widespread across the sectors, including manufacturing, mining, power generation, capital goods and con...Read More

ICICI Bank reports 26% growth in net profit on a YoY basis

ICICI Bank launches QIP with floor price of Rs 351.36/share

The development comes after the bank had said that it plans to raise up to Rs 15,000 crore by way of issuance of securities, through one ...Read More

Bajaj Auto sales drop 33% in July as Covid hits ops

Bajaj Auto sales drop 33% in July as Covid hits ops

Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent, Bajaj Auto said in a regulatory filing.

TechM deal pipeline strongest in 3 years

TechM deal pipeline strongest in 3 years

As compared to the preceding March quarter, the net profit of the country's fifth biggest software exporter grew over 20 per cent, but th...Read More

Tata Steel

Tata Steel offering UK taxpayer big stake in UK plant: Report

The Indian steel major is seeking GBP 900 million from the UK government's Project Birch fund, which was set up to provide state support ...Read More

Gold imports dip 94 pc in Apr-Jun to USD 688 million

Gold imports dip 94 pc in Apr-Jun to USD 688 million

Similarly, silver imports during the quarter too dipped 45 per cent to USD 575 million (about Rs 4,300 crore).

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