Reliance Retail acquires 52pc stake in Ritu Kumar brand | Reliance Retail acquires fashion designer Ritu Kumar’s company, Ritika Pvt. Ltd. Bought 52% stake in

Photo:RITU KUMAR Reliance Retail acquires 52pc stake in Ritu Kumar brand New Delhi. Reliance Retail Ventures on Tuesday announced that it has acquired fashion designer Ritu Kumar’s company Ritika Pvt. Ltd. has acquired 52 per cent stake in Ritika Pvt. Ltd. Ltd. is owned by Ritu Kumar, Label Ritu Kumar, RI Ritu Kumar, Arke and … Read more

Central govt employees to get ad-hoc bonus for FY21, Details here | Modi government gave Diwali gift to employees, announced ad hoc bonus for the financial year 2020-21

Photo:PTI Central govt employees to get ad-hoc bonus for FY21, details here New Delhi. The central government has announced non-productivity linked or ad-hoc bonus to central employees for the financial year 2020-21. The Department of Expenditure under the Ministry of Finance said in a statement that employees of central paramilitary forces and armed forces will … Read more

Axis Bank to wave 12 EMIs on select home loans under festive offer | Axis Bank gives Diwali gift to customers, will give 12 EMI discount on select home loans

Photo:PIXABAY Axis Bank to wave 12 EMIs on select home loans under festive offer New Delhi. Private sector bank Axis Bank on Tuesday announced a discount of 12 EMIs on select home loan products as part of its festive offer. Apart from this, the bank has also decided to offer discounts on various online purchases. … Read more

Market snaps 7-day winning run on profit-booking

Photo:MARKET The uptrend in the market stopped for 7 days New Delhi. The stock market, which reached a record high, saw profit-booking today, due to which the momentum continued for seven trading sessions stopped today and the major indexes closed with losses. Investors cut profits in the shares which reached higher levels today, due to … Read more

Gross NPAs of banks to rise to 8-9pc this fiscal | Gross NPAs of banks will increase by 8-9 percent in the current financial year, CRISIL estimates

Gross NPAs of banks to rise to 8-9pc this fiscal New Delhi. The Gross Non-Performing Assets (NPAs) of banks are estimated to grow by 8 to 9 per cent during the current financial year. Credit rating agency Crisil said this in its report on Tuesday. This growth will be well below the high of 11.2 … Read more