Business

December 11, 2020 8:06 AM

RBI issues draft circular on declaration of dividend by NBFCs

Reserve Bank of India has issued draft circular on declaration of dividend by non-banking financial companies (NBFCs) in pursuance to the announcement made in the monetary policy declared last Friday. Accordingly, deposit-taking NBFCs and systemically important non-deposit-taking NBFCs must have the...

December 10, 2020 9:36 PM

Oil prices rise on news of COVID-19 vaccine rollout in Britain

Oil prices today rose buoyed by a COVID-19 vaccine rollout in Britain and the imminent approval of a vaccine in the United States. In intra-day trade, Brent crude prices were trading around 49 dollars and 50 cents per barrel while WTI crude prices were around 46 dollars and 10 cents per barrel.  

December 10, 2020 5:00 PM

Finance Minister Nirmala Sitharaman reviews situation about payment to MSMEs

Finance Minister Nirmala Sitharaman reviewed the situation about payment to the MSMEs and expressed satisfaction and appreciation on the work done by the Ministry of MSME. As part of the Prime Minister's vision, the Finance Minister had announced the Atma Nirbhar Bharat package in May this ...

December 9, 2020 6:22 PM

Gold prices fall more than Rs 400 in sync with losses in international market

Gold prices today fell more than Rs 400 in sync with losses in the international market. In intra-day trade at Multi Commodity Exchange, gold was trading at Rs 49,685 per 10 gram down Rs 424. Silver also plunged Rs 1,152 to Rs 64,040 per kilogram. In the New York Mercantile Exchange, gold was tradin...

December 9, 2020 2:26 PM

Bill Gates applauds India for policies on financial inclusion and innovation

Bill & Melinda Gates Foundation founder and tech pioneer Bill Gates has applauded India for its policies on financial inclusion and innovation. While speaking at the Singapore Fintech Festival, Gates  praised India's digital platforms like the Unified Payments Interface (UPI) and th...

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