Breaking News

Business

Microsoft unveils new platform to help Indian firms return to work

IANS New Delhi Microsoft on Thursday announced the general availability of its Power Platform Return to the Workplace solution in India to help organisations prepare for the returnto work. Returning to the workplace will be a phased process and it will be vital for organisations to be equipped to give their leaders and employees timely and accurate information. Designed for …

Read More »

RBI for online dispute resolution system in digital payments

​IANS Mumbai In a major development for digital payment services, the Reserve Bank of India has decided that payment system operators (PSOs) will have to implement Online Dispute Resolution (ODR) systems in a phased manner. The RBI has said that to begin with, authorised PSOs shall be required to implement ODR systems for failed transactions in their respective payment systems. …

Read More »

Banks, NBFCs’ asset quality risks remain elevated: ICRA

New Delhi: Asset quality risks for banks and NBFCs remain elevated despite the recent decline in loans under moratorium, ratings agency ICRA said on Wednesday. Accordingly most of the banks as well as NBFCs have reported a decline in the loans under the phase 2 (June-August 2020) of the moratorium as compared to phase 1 (March-May 2020). “This is due …

Read More »

KFW offers Rs 600cr loan to Bengal for solar park project

Kolkata: German KfW Development Bank has agreed to give a soft loan of Rs 600 crore to West Bengal power utility for the first phase of a 125MW solar park project in Purba Medinipur district, Power minister Sobhandeb Chattopadhyay said. The project to be executed by the West Bengal State Electricity Distribution Company Limited (WBSEDCL), on completion, will double the …

Read More »

Railways changes freight policy to boost economy

New Delhi: With an aim to boost economic activities in the country during unlock 3.0, the Indian Railways is offering a slew of incentives, including 50 per cent concession in terminal access charges for covered wagons, to boost freight traffic. A Railway Ministry spokesperson said that its new policy measures will further boost the incentives for all suppliers to transport …

Read More »

Lupin launches Covihalt for mild to moderate COVID-19 treatment

Panaji: Pharma manufacturer, Lupin Ltd, on Wednesday announced the launch of generic favipiravir under the brand name Covihalt for the treatment of mild to moderate COVID-19. Favipiravir is authorized by the Drug Controller General of India (DCGI) for emergency use.  The dosage of  Covihalt has been developed keeping in mind convenience of administration. It is available as 200 mg tablets …

Read More »

Uber starts hiring again, to recruit 140 engineers in India

Bengaluru: After a wave of layoffs due to Covid-19 disruptions, ride-hailing major Uber on Wednesday said it is recruiting 140 more engineers for its tech teams in Bengaluru and Hyderabad. The engineers will build products in areas such as rider and driver growth, delivery, marketplace, customer service, digital payments, risk and compliance, safety, and finance technology, Uber said. The announcement …

Read More »

Kia Sonet, compact SUV to be launched

NT NETWORK Panaji Kia Motors India first car manufacturer in the country to reach 1 lakh sales milestone in record time of eleven months Kia Motors India, a wholly owned subsidiary of Kia Motors Corporation, has Tuesday released official images of the interior and exterior of its upcoming Sonet compact SUV. The production-ready Kia Sonet has a distinctive and dynamic …

Read More »

LIC announces the financial results for 2019-2020

NT NETWORK Mumbai Life Insurance Corporation of India (LIC of India), India’s largest life insurer, has announced its audited figures for the year ended March 2020. New Business performance by the Corporation for the year ending March 2020 has shown a growth of 25.17 % in its first year premium by posting a highest ever figure of Rs  1,77,977.07 cr. …

Read More »

Non-life insurers received 80,900 COVID claims till July 31

IANS Chennai The Indian general insurance industry received around 80,900 Covid-19 claims involving Rs 1,290 crore as on July 31, said an industry official. “Around 80,900 COVID-19 claims have been registered by the general insurers with an estimated claim of Rs 1,290 crore. The average claim amount works out to be Rs 159,456,” an industry official said. The number of …

Read More »