Markets
Lakshmi Vilas Bank share tanks 20 percent on merger
After the government on tuesday placed Lakshmi Vilas Bank(LVB) under a one month moratorium, the shares of LVB on wednesday…
Markets
Banking
RBI to merge Lakshmi Vilas Bank with DBS
After recurring losses for three years, RBI imposed moratorium for a period of 30 days on LVB. Withdrawals are restricted…
Banking
Shareholders to get nothing in LVB and DBS Bank merger
The LVB (Lakshmi Vilas Bank) shareholders will be left with nothing after this merger goes through. Once it’s official, their…
Policy
Madhya Pradesh govt constitutes ‘Cow Cabinet’ for the protection of Cows
The Bharatiya Janata Party government in Madhya Pradesh has decided to constitute a ‘Cow Cabinet’ for the protection and promotion…
Finance
Pune: MSEDCL reveals power bills worth Rs.1800 crore of over 13 lakh customers pending
A recent update from Maharashtra State Electricity Distribution Company Limited has disclosed that over 13 lakh customers from Pune have…
Banking
Canara Bank revises rates for Fixed Deposits (FD)
New interest rate from Canara Bank are applicable from 16th November. For deposits that are below Rs. 2 crore and…
Markets
Vodafone Idea to hike tariffs, shares jump by 10%
Vodafone Idea is likely to hike tariffs by 15-20 percent as early as in December or by the beginning of…
Companies
Government recieves multiple bids for BPCL privatisation, RIL & Aramco not in the race
Both Global and Domestic firms have submitted expressions of interest for the strategic disinvestment of the government’s stake in Bharat…
Economy
USD to take a dip by 20%, with the distribution of COVID-19 vaccine
The dollar is likely to drop of as much as 20% in 2021 should Covid-19 vaccines become widely distributed and…
FMCG
Ruchi Soya to launch FPO in 2021, said Baba Ramdev
The company said that as per Sebi regulations, promoters would have to reduce 10% stake by June 2021 and 25%…
Economy
Japan exits recession, makes a comeback with 5.0 percent GDP growth
Japan witnessed a 21.4 percent increase in GDP amid COVID-19 situations. In the third quarter, Japan’s economy bounced back with…
Markets
Vaccine hopes led Asian stocks hit record peak
The Asian stocks hit an all-time speak on Monday shortly followed by a glitched trade. Optimism for the Covid-19 vaccine…