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Category: Business Updates

Business Updates

Udaan announces senior-level changes; Group CFO Aditya Pande resigns

July 30, 2020By businessreputationdata

Vishnu Menon, Head of Corporate Strategy and investor relations, will take on the additional responsibility of business finance, as part of the organisational changes.

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Business Updates

42.3% of graduates under 25 unemployed, finds latest State of Working India report

July 28, 2020By businessreputationdata

Also, there has been an upward trend in intergenerational mobility, but the trend has been weaker for workers belonging to Scheduled Castes and Scheduled Tribes categories as compared to workers belonging to general castes.

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Business Updates

Stock markets snap record-breaking run on profit-taking; Sensex drops

July 28, 2020By businessreputationdata

Among the Sensex firms, Power Grid, ITC, JSW Steel, ICICI Bank, Tech Mahindra, Infosys, IndusInd Bank and Mahindra & Mahindra were the major laggards.

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Business Updates

RBI proposed easing of norms for dividend payout by banks

July 26, 2020By businessreputationdata

Currently, banks need to have a NNPA ratio of up to 7 per cent to become eligible for declaration of dividends.

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Business Updates

Global crude oil, fuel flows via Suez Canal plunge amid Houthi threat; supplies to India largely unaffected

July 26, 2020By businessreputationdata

Oil shipments to India have not been impacted so far. This is because a bulk of the country’s West Asian crude oil imports do not take that route, and tankers carrying Russian oil do not appear to be under threat from the rebels.

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Business Updates

Tax base widens, trend of migration of individuals towards higher income: CBDT

July 24, 2020By businessreputationdata

The CBDT statement comes days after Congress had questioned the widening gap between the ultra-rich and the middle class.

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Business Updates

Air India launches in-flight magazine namaste.ai

July 22, 2020By businessreputationdata

The revenue from operations for the quarter at Rs 1.01 lakh crore rose sharply by 42.6 per cent as compared to Rs 71,227.76 crore in the same quarter last year. Sequentially, the revenue from operations was down 3.3 per cent from Rs 1,05,016.7 crore.

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Business Updates

UK consumer price inflation in July slows to 6.8%

July 21, 2020By businessreputationdata

The Bank of England said earlier this month that it expected inflation in July would fall to 6.8%.

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Business Updates

Amit Shah releases Rs 10,000 each to 112 small investors stuck in Sahara’s four cooperatives

July 20, 2020By businessreputationdata

Amit Shah started the process of returning hard earned money of crores of depositors of four cooperatives of Sahara Group by transferring the first tranche of Rs 10,000 each to 112 small investors.

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Business Updates

India to resume import of oil from Venezuela after 3 years as US sanctions on Caracas ease

July 19, 2020By businessreputationdata

Reliance Industries has booked three tankers scheduled to load oil from Venezuela in December and January, according to trade sources

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