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Business

RIL chief Mukesh Ambani draws nil salary

New Delhi: Richest Indian Mukesh Ambani drew no salary from his flagship firm Reliance Industries Ltd in the fiscal year ended March 31 as he voluntarily gave up remuneration in light of the pandemic hitting the business and the economy.

 


Second COVID wave has hampered India's economic recovery by 15%, unemployment to rise - Economist

Eminent Indian economist Dr Arun Kumar, the Malcolm Adiseshiah chair professor at the New Delhi-based Institute of Social Sciences, believes that the second COVID wave will “hamper” India’s macro-economic recovery, be it in terms of GDP growth, unemployment rate, or investor and business confidence.

 


LATEST HEADLINES

Another North Goa nightclub sealed; Kejriwal says corruption led to fire tragedy


Delhi govt plans feasibility studies for 11 under-construction hospitals in PPP model


7 held for running fake call centre in South Kolkata


Minister Parameshwara says remarks on properties linked to drug peddlers 'misunderstood'


Vehicle catches fire during AAI building inauguration near Bengaluru


Grammy-winning composer suspects food delivery man of having stolen his sump cover


Students for Streeties urge Karnataka to scale up ABC, ARV programmes


Strict security measures in place in Mumbai for Messi's events at 2 venues Dec 14, say police


Speaker UT Khader attends local cricket tournament during Bhatkal visit


NIA court declares absconding Delhi blast accused Muzaffar Rather 'proclaimed offender'


Akhlaq lynching case: Brinda Karat seeks President's intervention in UP govt's move to drop charges


J-K CM Abdullah throws open Asia's longest ski drag lift in Gulmarg




LIC Collects Highest ever Rs 1.84 Trillion (Lakh Crores) New Premium during Covid Period

Press Release: LIC Collects Highest ever Rs 1.84 Trillion (Lakh Crores) New Premium in Corona Period as per provisional figures. Pays Rs.1.34 Trillion as claims to policyholders.

 

Citibank to exit consumer banking busniess in India

Mumbai: American banking major Citibank on Thursday announced that it will exit from the consumer banking business in India as part of a global strategy.

 

SpiceJet, GoAir decide not to carry Vivo's shipments after Hong Kong fire incident

New Delhi: SpiceJet and GoAir have decided not to carry any shipments of Vivo after a consignment of Chinese company's smartphones caught fire at the Hong Kong airport's tarmac on Sunday.

 

Sensex nosedives over 1,400 pts in early trade; Nifty tests 14,400

Equity benchmark Sensex plummeted over 1,400 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Reliance Industries as spiking COVID-19 cases in the country spooked investors amid negative cues from global markets.

Alibaba fined USD 2.8 billion on monopoly charge in China

Chinese regulators have fined giant e-commerce giant Alibaba USD 2.8 billion on charges of violating anti-monopoly rules.

Mukesh Ambani is Asia's richest person again, overtakes Chinese billionaire Jack Ma: Forbes

New York: India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.

Highlights of RBI monetary policy announcements

New Delhi: Following are the highlights of RBI's monetary policy for 2021-22:

Sensex tanks over 400 pts in early trade; Nifty drops below 14,800

Equity benchmark Sensex tumbled over 400 points in early trade on Monday, dragged by losses in index majors HDFC twins, ICICI Bank and Reliance Industries despite a positive trend in global markets.

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