Business
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Business, Companies

SBI looking for CFO, annual package up to Rs 1 crore, three times more than bank Chairman’s CTC

The country's largest lender State Bank of India (SBI) has invited applications from candidates for the post of Chief Financial Officer (CFO) offering upto Rs 1 crore annual package, three times more than that of the chairman. The recruitment notice said that the the position is for a contract period of three years and the annual CTC (cost to company) and perks would be Rs 75 lakh to Rs 1 crore. "Minimum 15 years' post qualification work experience (as on 01.04.2020) in overseeing financial operations, preferably accounting…
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Business, Economy, Personal Finance,

Home loan to get cheaper as SBI to cut MCLR by 25 bps from June 10

The country's largest lender State Bank of India (SBI)  has announced that it will reduce marginal cost of fund based lending rate (MCLR) by 25 basis points across all tenors from June 10 (Wednesday). SBI has also reduced its base rate by 75 basis points, from 8.15 per cent to 7.40 per cent, effective June 10. The one year MCLR has been revised to 7 per cent from 7.25 per cent.. This is the thirteenth consecutive reduction in the bank's MCLR. "Consequently, EMIs on eligible home loan…
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Business, COVID 19 News, Economy, FightagainstCorona, India, Life Style, ,

Don’t plan to leave middle seat in flights vacant; divided routes in 7 sections for fare control: Civil Aviation Ministry

A day after announcing that domestic flights will resume operations from May 25 amid coronavirus COVID-19, Union Civil Aviation Minister Hardeep Singh Puri on Thursday asserted that the government isn't planning to leave the middle seat vacant in flights as this does not meet the physical distancing requirement.  Addressing a press conference, he said that the government will take other corresponding preventive measures. "We don't plan to leave the middle seat vacant, this does not meet the physical distancing requirement. We take other corresponding preventive measures. Keeping…
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Business, Economy, India,

Sensex surges 622 pts; HDFC rallies over 5 pc

Equity benchmark Sensex rallied 622 points on Wednesday, propelled by gains in index-heavyweights HDFC twins and Reliance Industries despite weak cues from global markets. The 30-share index settled 622.44 points or 2.06 per cent higher at 30,818.61, while the NSE Nifty rose 187.45 points, or 2.11 cent, to end at 9,066.55. HDFC was the top gainer in the Sensex pack, surging over 5 per cent, followed by M&M, L&T, Tata Steel, Bajaj Finance, HDFC Bank and Sun Pharma. On the other hand, IndusInd Bank, Hero MotoCorp, Bharti…
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Structural reform measures will surely boost India’s economy, further efforts towards Aatmanirbhar Bharat: Amit Shah

Shah said, "Rs 50,000 crores for infrastructure development in the coal sector and introduction of commercial mining is a welcome policy reform which will bring more competition and transparency". Lauding the slew of structural reform measures, announced by Union Finance Minister Nirmala Sitharaman, Union Home Minister Amit Shah on Saturday thanked Prime Minister Narendra Modi and FM Sitharaman for the landmark decisions adding that it would surely boost India's economy and further the efforts towards Aatmanirbhar Bharat. He asserted that PM Modi's mantra of 'Reform, Perform and…
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'Politics, Business, COVID 19 News, India, , , ,

2nd tranche of eco package to focus on migrant workers, small farmers: FM

Finance Minister Nirmala Sitharaman on Thursday said the second tranche of economic stimulus package will be for the benefit of migrant workers, street vendors and small farmers At a press conference, she said 3 crore marginal farmers have already availed Rs 4 lakh crore of loans on concessional rates Prime Minister Narendra Modi had on Tuesday announced a cumulative package of Rs 20 lakh crore (nearly 10 per cent of GDP) to provide relief to various segments of the economy. This included Rs 1.7 lakh crore package…
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Business, Economy, India

Diamond Markets Reflect Uncertain Outlook

RAPI for 1ct. up 0.2% in April Mumbai, Maharashtra, India: Business Wire India Diamond trading was restricted in April due to the coronavirus pandemic and global lockdowns. Sentiment was weak, with dealers frustrated by the inability to resume business. The industry was focused on the Far East as China and Hong Kong started to open, while the outlook for the US remained uncertain. The RapNet Diamond Index (RAPI ) for 1-carat diamonds was basically flat for the month due to the low volume of trade. The index…
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Business, COVID 19 News, Food, Gujarat, India, ,

VADODARA: Mobile accessories dealer converts to vegetable e commerce: VMC officials approve hisvfly by night idea

Even during the pandemic situation across the country, their are some opportunist who are trying to take the advantage of this situation. And even the authorities without understanding the wasted interest of these people are supporting them blind folded ly. One such incident was exposed by The Ahmedabad Buzz ,which happened at Vadodara. The official fb page of VMC -Vadodara Municipal Corporation posted a graphic with logo of VMC and Yadi Mart, which promised hygeinic vegetables at the doorsteps in selected areas of Vadodara. The journalist of…
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Ahmedabad, Bengaluru, Bihar, Business, Chandigarh, Chennai, Delhi, Delhi & NCR, Gujarat, India, Jharkhand, Karnataka, Kolkatta, Madhya Pradesh, Madhya Pradesh, Maharastra, Metros, Mumbai, Punjab, Rajasthan, Uncategorised, Uttar Pradesh, Uttar Pradesh, , , ,

24 Tests For A COVID-19 Case, India’s Rate Not Low: Centre

The centre on Thursday rejected Congress leader Rahul Gandhi's allegation that the rate of coronavirus testing in India is low, and said as many as 24 people are being tested for one positive case to be found, which is more than several developed countries. "In countries like Japan, one out of 11.7 tests turn out to be positive, which is among the highest in the world. Italy tests 6.7 persons for one positive test while the USA tests 5.3 persons and the United Kingdom 3.4," ICMR's Dr…
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