Category: BUSINESS

New Delhi, Jun 4 (DIN NEWS) The Reserve Bank of India today launched Financial Literacy Week across the country with customer protection as its main theme. The event will focus on creating awareness among customers of banks about financial products and services, good financial practices and going digital, RBI Regional Director E E Karthak told reporters here. It will give out four consumer protection messages including ‘know your liability’ for unauthorised electronic banking transaction and good practices for a safe digital banking experience. Among various messages, customers will be told through…

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New Delhi, Jun 3 (DIN NEWS) In a bid to promote tourism, Indian PSUs would go the extra mile and conduct Board meetings and conferences at places like Ajanta-Ellora, Hampi and Bodhgaya, according to an official statement. The significant move comes following a suggestion by Prime Minister Narendra Modi. He had asked the managements of central public sector enterprises (CPSEs) to hold their meetings at lesser known tourist destinations to help promote tourism, while addressing a conclave in April. “This matter has been considered with the ministry of tourism. It…

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Mumbai, Jun 3 (DIN NEWS) Air India has asked the government to “restore” equity infusion in the carrier, after it failed to find any takers for its disinvestment. The loss-making carrier has already received more than Rs 26,000 crore under the bailout package announced by the former UPA government in April 2012. “We have sought restoration of the equity infusion in Air India and have written to the government last week in this regard,” a senior airline official said. The official, however, did not disclose the amount of the funds…

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2nd June(DIN NEWS) Bharti Airtel’s Rs. 299 prepaid recharge plan offers truly unlimited local, STD and roaming calls for a validity of 45 days. 100 free SMSes per day are also bundled with this pack. Airtel’s all-new Rs. 299 prepaid pack doesn’t have any daily or weekly limit on calling, as mentioned on the official website of Airtel. However, there is no data plan attached with this recharge plan. The validity of this pack is 45 days. Reliance Jio also has a prepaid recharge plan priced at Rs. 299 which…

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  2 June (DIN NEWS) India’s telecom giants Vodafone India and Idea Cellular, soon to become a single merged entity, will be known as Vodafone Idea Ltd, subject to the approval of special resolution in an extraordinary general meeting that will be held on June 26. The meeting will also pass a resolution seeking permission to raise Rs. 15,000 crore. Idea Cellular issued a notice to hold the meeting wherein the special resolution is set to be passed, the company informed in a stock market filing on Friday after the…

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New Delhi, Jun 1 (DIN NEWS) The CBI today questioned ‘lobbyist’ Rajender Dubey in connection with alleged malpractices by AirAsia India Limited and its promoters while trying to get international flying licences by manipulating policies, officials said. The Central Bureau of Investigation has also summoned group CEO of AirAsia, Tony Fernandes to appear before it on June 6 for questioning in the case. Dubey, promoter of Singapore-based HNR Trading Pte. Ltd, was called today at the agency headquarters where he was questioned at length about the meetings he allegedly arranged for…

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Mumbai, June 1 (DIN NEWS) The NSE Nifty was down 40 points today at 10,696.20 due to emergence of selling mainly in realty, banking, IT and FMCG counters. In a volatile session, infra, metal and finance service stocks weighed by data showing manufacturing PMI growth has slowed in May. Investors after digesting better-than-expected Q4 GDP data shifted focus to renewed global trade tensions after the US announced tariffs on steel and aluminium imports. They also closely monitor the movement in crude oil prices and rupee. In the overseas markets, European shares…

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New Delhi, May 31 (DIN NEWS) Toyota Kirloskar Motor (TKM) today reported a 20 per cent increase in domestic sales at 13,113 units in May. The company had sold 10,914 units in the same month last year in the domestic market, TKM said in a statement. It exported 827 units of the Etios series this month, compared with 1,425 units in the same period a year ago, a decline of 42 per cent. “Along with the segment leading products Fortuner and Innova Crysta, Yaris has been a significant contributor to the…

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Mumbai, May 31 (DIN NEWS) The Reserve Bank today said non-food credit growth accelerated to 10.7 per cent for April as against 4.5 per cent in the year-ago period, led by retail and the services sector. The non-food credit grew 10.7 per cent to Rs 76,130 billion as on April 27, the central bank said. The gross bank credit, including the food credit, was up 10.4 per cent during the same period, as against 3.8 per cent in the year-ago period. The data includes performance of 41 scheduled commercial banks, accounting…

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Mumbai, May 30 (DIN NEWS) The rupee recovered from its initial losses to trade higher by 9 paise at 67.77 against the greenback in late morning deals following sustained bouts of dollar-selling from banks and exporters despite lower equities. The domestic unit witnessed volatility and was trading between a high of 67.60 and low of 67.90 during morning deals, it was trading at 67.77 per dollar at 1030 hrs. Rupee remained under pressure on sustained foreign funds outflows, increased month-end dollar demand and surging dollar amid Italian political crises. “RBI’s selling…

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