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Friday, March 5, 2021

India Updates

Bond yields unleash bears, equity indices trade in red

Mumbai, March 5 (IANS) India's key equity indices traded in the red during Friday's mid-afternoon session on the back of weak global cues which emanated from rising global bond yields. Accordingly,the two indices had a gap down opening on account...

Modi stresses on lesser govt intervention in business

New Delhi, March 5 (IANS) Stressing on the need for lesser government intervention and ease of doing business, Prime Minister Narendra Modi on Friday said the Centre was of the view that the government interventions into businesses tend to...

Interest for owning home returns, banks see pick up in loans

New Delhi, March 5 (IANS) People have started buying their dream home again after the Covid-19 induced lockdown and economic disruptions completely dried out new purchases. Such has been the renewed customer interest in housing that builders are selling even...

PNB Housing Finance tie up with Yes Bank for co-lending

Mumbai, March 5 (IANS) PNB Housing Finance and Yes Bank on Friday said that they have entered into a strategic co-lending agreement to offer retail loans to home-buyers at competitive interest rates. A PNB Housing statement said that both the...

China is stealing intellectual property on an industrial scale to stay competitive

By Pushkar Sinha, Mar 5: In trying to maintain its economic competitiveness and fulfil its political ambitions, China is stealing R&D secrets, patents and intellectual assets on an industrial scale according to a report by Stratfor Worldview. China and its...

SC: New OTT rules lack teeth, ‘mere guidelines’

New Delhi, March 5 (IANS) The Supreme Court on Friday said the governments new rules for OTT platforms have "no teeth, as there is no provision for prosecution of those who do not abide by these rules". A bench headed...

TV prices have soared 300% in the last 8 months

New Delhi, March 5 (IANS) The per unit cost of TVs will go up by at least Rs 2000-3000 starting April 1st, 2021. In the last eight months alone, TV prices have soared upto 300% causing a net escalation of...

Apple firms up lead in global smartwatch market, Huawei 2nd

New Delhi, March 5 (IANS) Driven by strong response to Watch Series 6 and SE, Apple maintained its top position in the global smartwatch market in 2020 with shipping 33.9 million units, a new report said on Friday. Chinese brand...

ICICI Bank reduces home loan interest rate to 6.70%

New Delhi, March 5 (IANS) Lending major ICICI Bank reduced its home loan interest rate to 6.70 per cent, the company said on Friday. Accordingly, the revised interest rate -- the lowest in 10 years by the bank -- is...

Akhilesh to join anti-farm laws chorus with mahapanchayat

Lucknow, March 5 (IANS) Joining the 'panchayat bandwagon' against the three farm laws introduced by the Centre, Samajwadi Party chief Akhilesh Yadav will hold a 'mahapanchayat' in West UP's Aligarh. Before him, Rashtriya Lok Dal Vice President Jayant Chaudhary,...

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Bond yields unleash bears, equity indices trade in red

Mumbai, March 5 (IANS) India's key equity indices traded in the red during Friday's mid-afternoon session on the back...