More than one lakh?LIC employees will benefit from the wage revision bill. LIC employees will get a hike in salary along with an additional special allowance. A 5-day-work week has also been approved. Here is all you need to know:
The near-term outlook for MFIs is clouded given the Covid-induced disruptions. However, the overall long-term growth outlook for the domestic microfinance industry, including MFIs and micro finance-focused small finance banks (SFBs), remains robust.
The NSE Nifty 50 index closed 0.25% higher at 14,617.85, while the S&P BSE?Sensex?was flat at 48,832.03.
Citigroup has announced that it will shut retail banking operations in India. The company has already initiated the process to look for a buyer for Citibank India. Will the move impact the bank's customers in India? Here is all you need to know:
RTGS fund transfer facility will not be available for 14 hours on April 18, said the Reserve Bank of India. The central bank has asked its member banks to notify the same to their customers. Here is all you need to know:
Amazon has announced a $250 million venture fund for India and it will focus on bringing the country's small businesses online.
Citigroup’s announcement marks the end of Citibank in India. The US banking group is likely to finalise a buyer before exiting the Indian market. Here is all you need to know:
At 9:25 am, S&P BSE Sensex was 0.03 per cent higher at 48,826.51, while NSE Nifty 50 was up just 0.1 per cent at 14,599.50. IT services shares climbed 1.3 per cent, led by Wipro which rose 5.7 per cent.
While it has not yet announced a timeframe for the exit, the third-largest bank in the US will exit the consumer banking market in India, China, Australia, Malaysia, Bahrain, Korea, Indonesia, Russia, Vietnam, Philippines, Thailand, Poland and Taiwan.
While NSE Nifty 50 index ended 0.5?per cent higher at 14,581.45, the S&P BSE Sensex gained 0.5?per cent to 48,803.68.
Wholesale price-based inflation has spiked to over 8-year high of 7.39 per cent in March on rising crude oil and metal prices. This is the third straight month of up-tick seen in the WPI based inflation.
The International Energy Agency (IEA) has predicted global oil demand and supply were set to rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day (bpd) to meet the expected demand.