India

New Delhi, Aug 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that after containment of spread of the novel Coronavirus, the financial sector will have to return to its normal operations on their own and without regulatory relaxations. Addressing an online event, Das described the RBI's response to the situation arising out of the pandemic as "unprecedented" and said

New Delhi, Aug 27 (ANI): The Delhi High Court stayed Insolvency & Bankruptcy Code (IBC) proceedings against Anil Ambani in matter pertains to a personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from State Bank of India (SBI). The Bench of Vipin Sanghi and Justice Rajnish Bhatnagar also issued a notice on Ambani's plea

Pune, Aug 26: The second phase trial of COVID-19 vaccine developed by Oxford University, which would be manufactured by Serum Institute of India, began here with the vaccine candidate administered to two volunteers at Bharati Vidyapeeth Medical College. Dr Sanjay Lalwani, Medical Director of Bharati Vidyapeeth Medical Hospital and Research Centre, said that five volunteers were tested for RT-PCR

New Delhi, Aug 26: IT major Accenture is all set to fire 5% of its workforce globally, which means that around 10,000 employees in India will lose their jobs due to the economic crisis caused by the coronavirus pandemic. Accenture is likely to ask several thousands of employees to go after the conclusion of the appraisal cycle that is underway. The Australian Financial Review (AFR) reports that

New Delhi, Aug 26: Fugitive diamantaire Mehul Choksi approached the Delhi High Court against Netflix's upcoming web series 'Bad Boy Billionaires', through advocate Vijay Aggarwal. The hearing on the plea is scheduled to begin shortly. Choksi, the promoter of Gitanjali Gems, and his nephew Nirav Modi are accused in the Rs 13,500 crore Punjab National Bank fraud case. Choksi fled the country a year

New Delhi, Aug 26: Congress interim President Sonia Gandhi on Wednesday hit out at the Centre and said that refusal to pay Goods and Services Tax (GST) compensation to States is nothing short of betrayal on the part of the Narendra Modi government. Her remarks came during a meeting, held via video conferencing, with Chief Ministers of Congress-ruled states and their counterparts of West Bengal

Mumbai, Aug 26: A four-year-old boy was on Tuesday pulled out from the rubble of a five-storeyed building that collapsed in Raigad district of Maharashtra, police said. The joy was shortlived as the lifeless body of his 30 -year-old mother NaushinNadim Bangi was recovered from the same spot less than half an hour later. The bodies of the boy''s sisters Ayesha (7) and Rukaiya (2) were also

New Delhi, Aug 26: The central government on Tuesday said that Punjab National Bank (PNB) has informed the Ministry of Corporate Affairs (MCA) that it has received USD 3.25 million (the equivalent of Rs. 24.33 crores) as the first tranche of recoveries in fugitive Nirav Modi case from the USA. "Upon liquidation of the debtors' assets by the US Chapter 11 Trustee, a sum of $ 11.04 million

Moscow, Aug 25: The Centre said on Tuesday that India and Russia are in communication regarding the Sputnik V vaccine. While some initial information has been shared, detailed information is being awaited by India. Sputnik V, an adenovirus vector-based vaccine, was developed by the Gamaleya Scientific Research Institute of Epidemiology and Microbiology along with Russian Direct Investment Fund

New Delhi, Aug 25: Currency notes of Rs 2,000 denomination were not printed in 2019-20 and the circulation of these notes have declined over the years, according to RBI's annual report. The number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at end-March 2018 to 32,910 lakh pieces at end-March 2019 and further to 27,398 lakh pieces at end-March 2020, the RBI