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In another promising start to the earnings season, state-owned Bank of Maharashtra (BoM) doubled its net profit at Rs 264 crore in the September quarter against Rs 130 crore in the same quarter last year on a sharp rise in net interest income and recovery from DHFL. DC

IDBI Bank, BoM report rise in interest income

IDBI Bank's net interest income rose 9 per cent at Rs 1,854 crore for Q2 FY22

22 Oct 2021 7:47 AM IST

FICCI calls for interest-free, collateral-free loans to support MSMEs amid lockdown. (ANI Photo)

MSMEs to get $100 mn fund for digitisation

HDFC Bank will reach beyond its current customer base to make 50 pc of this credit facility available to new small...

22 Oct 2021 7:44 AM IST

Karnataka Minister for Electronics, Information Technology and Biotechnology C N Ashwath Narayan. (Twitter Photo)

Govt aims to make K'ataka hub for next breed of fabless startups to...

He said it also aims to propel the Electronics System Design & Manufacturing (ESDM) sector and support innovative...

21 Oct 2021 6:35 PM IST

Indian rupee fell 11 paise to 76.50 against the US dollar in opening trade on Monday. (PTI PHOTO)

7th Central Pay Commission: Centre approves 3% DA increase for Central...

Dearness Allowance and Dearness Relief will go up from 28 per cent to 31 per cent and the increase will be effective...

21 Oct 2021 5:07 PM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (DC file Photo)

RBI imposes monetary penalty on two payment system operators

As this was an offence of the nature referred to in Section 26 (2) of the PSS Act, a notice was issued to PPBL

20 Oct 2021 10:51 PM IST

Under an air bubble pact between two countries, special international flights can be operated by their airlines between their territories. (AFP Photo)

Air fares move up for leisure destinations

Recently, the government had removed the restrictions on airline capacities

19 Oct 2021 7:22 AM IST

Gold prices edged higher on Monday, holding above the key $1,800-per-ounce level. (PTI Photo)

Gold gains marginally; silver jumps Rs 323

Silver jumped Rs 323 to Rs 62,328 per kilogram from Rs 62,005 per kilogram in the previous trade

18 Oct 2021 4:57 PM IST

M.R. Kumar, chairman, LIC of India and chairman, National Insurance Academy (NIA) governing board. (Photo: PTI)

LIC chief calls for joint efforts to address protection gaps

For an emerging economy, protection gaps may pose multiple problems, according to LIC

18 Oct 2021 8:22 AM IST

This is collected by the people who allot them places and allow them to sit on roads to sell vegetables, fruits, ready to eat foods like samosa, popcorn, plastic ware and accessories.

WPI inflation eases to 10.66% in September

The food inflation contracted to 4.69 per cent in September against a 1.29 per cent fall a month ago

15 Oct 2021 7:39 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (DC file Photo)

RBI hints at moves to ease capital controls

RBI's Sankar said that from a macroprudential perspective, it needs to be considered whether FAR should be linked to...

15 Oct 2021 2:06 AM IST

India extends bid submission deadline for stake in Bharat Petroleum to September 30. (Photo- BPCL)

After Air India, govt to disinvest BPCL, float LIC IPO by last quarter...

Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government

14 Oct 2021 4:13 PM IST

Edible oil duties slashed to curb prices

Edible oil duties slashed to curb prices

The government has reduced the basic customs duty and agricultural cess on certain edible oils till March 31, 2022 to...

14 Oct 2021 1:27 AM IST