Wipro founder chairman Azim Premji on Sunday said that engaging private players will help accelerate India’s vaccination efforts against Covid-19 and bring down vaccine cost. “If the government were to engage private industry quickly, we can be sure of achieving coverage of 500 million people within 60 days. That’s a practicality. I think it … Read more
Category: Business and Finance
No capital strain by Punjab National Bank in housing finance subsidiary
Punjab National Bank (PNB) will not participate in capital raise plans of housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory filing. Last year in August, PNB Housing Finance Ltd had informed about its plan to raise … Read more
Bharti Airtel beats Reliance Jio and become the top telcom in India
Bharti Airtel now has the most active subscribers in 14 months as concerns stemming from protests by farmers in northern India affected Reliance Jio Infocomm Ltd.’s customer accretion. The Sunil Mittal-controlled mobile operator added as many as 5.5 million regularly paying users in December over the preceding month, according to … Read more
LIC Housing Finance expends Rs. 1331 crore of loans through mobile app
LIC Housing Finance on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. It said the ”Homy” app facilitated 14,155 customer home loan applications since its launch on February 14. More than 7,300 of these customers have had their … Read more
IBM and Tech Mahindra collaborating to create 1billion ecosystem in 3years
IBM and Tech Mahindra on Tuesday said they are deepening their collaboration, especially in areas like 5G, hybrid cloud, automation and cybersecurity, as the two tech giants work towards building a billion dollar ecosystem over the next three years. Some of the key initiatives underway include launch of Tech Mahindra’s … Read more
Nirmala Sitharaman addresses RBI board, explains priorities of government
Finance Minister Nirmala Sitharaman on Tuesday explained the government’s priorities to the Reserve Bank of India’s central board during their first meeting after presentation of the Union Budget 2021-22. As per the tradition, the finance minister holds customary meeting with the board members of the RBI and the Securities and Exchange … Read more
Finance Ministry to fill Rs 3000 crore in general insurance companies
The Finance Ministry of India will infuse Rs. 3000 crore in to state-owned general companies during the current quarter in a bid to improve their financial status. Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and … Read more
Industry fair will focus on business in new normal
After the end of pandemic, the business sectors focusing on the recovery of various sectors, the Bengal National Chamber of Commerce and Industry (BNCCI) is set to organise the 33rd chapter of Industrial India Trade Fair near New Town Coffee House from February 17 to February 21 this year. This … Read more
WHO Expert Panel approved wide use of AstraZeneca.
The benefits of the Covid-19 vaccine developed by AstraZeneca and Oxford University, more significant and the shot should be approved for use of senior citizen said by World Health Organization panel. Meanwhile recommendations on the shot, the Strategic Advisory Group of Experts on Immunisation (SAGE) panel said “the vaccine should … Read more
Amazon moves to Supreme Court seeking further deal dispute
Amazon passes an appeal petition to the Supreme Court to block the Future Retail and Reliance Industries Limited slump sale deal. The e-commerce giant has also sought an interim stay against the said deal. “Grant Special Leave to Appeal against the Impugned Interim Common Order dated 08.02.2021 passed by the … Read more