Jun 07

Paytm Payments Bank ahead of major banks in digital transaction target

Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank. In a statement, Paytm Payments Bank said it is only behind the

Barack and Michelle Obama sign deal to produce podcasts for Spotify

Former US President Barack Obama and his wife Michelle Obama have signed a deal to produce a series of podcasts for music streaming platform Spotify. Under the multiyear deal between Spotify and the couples’ Higher Ground Productions, the duo are set to develop, produce, and lend their voices to select podcasts on a various of

RBI to go for another rate cut to spur growth

A booster dose in the form of further rate cut is expected from the Reserve Bank to rekindle economic growth which has been stunted by low demand, receding production and stagnant wages.Economy watchers contend that subdued food prices coupled with growth concerns allows RBI to aggressively cut key lending rate. Market observers have prescribed a

Skoda To Launch Karoq Midsize SUV In Mid-2020

Karoq is based on the MQB platform, used by many cars in the VW Group. It looks like a scaled-down version of the Kodiaq. Available with three petrol and three diesel engine options globally. Will get features like Virtual Cockpit and LED headlamps. Expect it to be priced in the Rs 20-25 lakh range. The

Reliance model portfolio outperforms NIFTY 50 by 66 bps in May

Reliance Securities on Tuesday said its Model Portfolio has outperformed the benchmark index Nifty 50 by 66 bps in May 2019 led by superior stock selection and lower allocation to underperforming sectors like Automobiles, which is seeing significant volume pressure.Nifty target for December 2019 is 13,000 and its model portfolio is set to outperform the

New liquidity requirement for NBFCs credit positive: Moody’s

Credit rating agency Moody’s on Tuesday said the new liquidity requirement for non-bank finance companies announced by the RBI is credit positive since it will reduce their risk due to liquidity shortfall that could disrupt their ability to collect repayments on loans backing asset-backed securities or ABS deals. The rating agency was commenting on the

Markets in red: Sensex down by 100 points

Taking a cue from global markets, the key Indian equity market indices on Tuesday opened lower.The Sensitive Index (Sensex) of the BSE, which had closed at 40,267.62 on Monday, opened lower at 40,196.Minutes into trading, it was quoting at 40,155.50, down by 112.12 points, or 0.28 per cent. At the National Stock Exchange (NSE), the

Mini Toyota Innova Likely To Launch In 2022

Toyota and Suzuki are co-developing a new C-segment MPV. The upcoming MPV will rival the Mahindra Marazzo. Currently, the Marazzo does not have a direct rival in the country. Mini Toyota Innova:The partnership between Toyota and Suzuki isn’t just about rebadging existing models. The two manufacturers also plan on developing new cars. In March 2019, the two

Delhi plans free travel for women in Metro, DTC buses

The Delhi government plans to allow women to travel free in DTC buses, cluster buses and Delhi Metro in the national capital within the next three months.”Women can avail free rides on all DTC buses, cluster buses and Delhi Metro. The plan is to encourage women to use public transport, which is considered the safest

Equity indices open in green, Sensex up 160 points

The key Indian equity indices opened on a positive note on Monday due to buying activity in banking, FMCG and oil and gas stocks.At 9.35 a.m., the Sensex traded at 39,878.35, higher by 164.15 points or 0.41 per cent higher from the previous close of 39,714.20 points. It had opened at 39,806.86 and has so

Hopes of cheaper finance, consumption growth to propel equities

Prospects of cheaper finance along with a liquidity boost from the apex bank will sustain the uptrend in equity markets during the coming week, analysts opined.Accordingly, investors are eyeing a move by the Reserve Bank of India to ease key lending rates to bring down the cost of finance and give impetus to consumption which

Six hours with PUBG stops teenager’s heart

Neemuch town, known mostly for production and clandestine trade of opium, was stunned to find a teenager dying of a new addiction to online multiplayer game PlayerUnknown’s Battlegrounds or PUBG. Furqan Qureshi, 16-year-old student of class XII, died of a cardiac arrest allegedly after he played — for six hours continuously — on Monday. Furquan’s

Key Indian equity market indices open in green

Despite a muted trend in global markets, the key Indian equity market indices on Thursday opened higher ahead of Prime Minister-elect Narendra Modi’s swearing in ceremony later in the evening.The Sensitive Index (Sensex) of the BSE, which had closed at 39,502.05 points on Wednesday, opened higher at 39,580.28 points. Minutes into trading, it was quoting

Air India seeks nod for Rs 2,400 crore loan from NSSF

Disinvestment-bound Air India has sought the government’s approval to borrow Rs 2,400 crore from National Small Savings Fund (NSSF), a pool of small savings from households, to meet its working capital requirements.The airline, which has seen its total debt ballooning to Rs 58,000 crore, made the request at a meeting on May 14 of all

Sensex flat, Manpasand hits lower circuit again

Sensex traded on a flat note after opening in the green on Tuesday.Manpasand Beverages hit lower circuit again on Tuesday for the second consecutive day, plunging by 20 pet cent or Rs 17.60 to 70.40 over its MD and CFO’s arrest facing allegations of GST fraud. The trading in a particular stock and even an

Finance Ministry starts groundwork for fresh bank consolidation

The next wave of bank consolidation is planned during the October-December quarter of the current fiscal with the Finance Ministry starting to seek information from PSBs on possible targets for amalgamation/mergers and acquisitions with justification on how such an initiative will synergies operations and strengthen the bank.Government sources said that heads of all public sector

New iPhones may have full screen touch ID, LG OLEDs

This year’s iPhone models could feature full screen touch ID among several changes, media reports said.The trio of high-end 2019 iPhone models would, however, have relatively few design changes, beyond additional rear camera lenses, with production set to ramp up in the typical July-August time-frame. Along with the addition of 5G, “the smartphone could also

New government formation, GDP data to dictate equity trends

The formation of the new government at the Centre along with GDP data and derivatives expiry will dictate the trends of the Indian equity market in the coming week. The BJP-led National Democratic Alliance (NDA), which comprehensively won the just concluded Lok Sabha elections, will soon form the new government and appoint key Union Ministers.”Now

WhatsApp confirms Status Ads coming in 2020

Ads are coming to WhatsApp, finally, and the intrusion into the popular ad-free mobile messaging platform would begin from Status page. At a Facebook Marketing Summit in the Netherlands, Facebook revealed a 2020 launch date for WhatsApp Status ads. “WhatsApp will bring Stories Ads in its status product in 2020,” tweeted Olivier Ponteville who attended

Renault Megane R.S. Trophy-R Crowned The New FWD Nurburgring King
Renault Megane R.S. Trophy-R Crowned The New FWD Nurburgring King

The Megane R.S. Trophy-R set a time of 7.40.10. Retains 304PS engine but gets aero improvements. Renault Sport has shaved off 130kg off the hot-hatch. Megane R.S. Trophy-R Set to be launched as a track-only car by the end of 2019. Will be limited to a few hundred units. The Renault Megane R.S. has had a long