Top 10 Fliplt News in India

 Today Top 10 Fliplt News in India

 SBI nominee director on Yes Bank board resigns 

Yes Bank on Wednesday said that Swaminathan Janakiraman, the nominee director appointed by State Bank of India, has resigned with effect from October 28,2020. In his letter, Janakiraman, has conveyed that State Bank of India will shortly nominate a replacement in his place, Yes Bank said in a regulatory filing.

RBI imposes Rs 1 crore penalty on Jio Payment Bank

Reserve Bank of India on Wednesday imposed a monetary penalty of Rs 1 crore on Reliance Jio Payments Bank Limited for non-compliance with RBI directions on timely submission of application in the case of re-appointmet of Managing Director and Chief Executive Officer (MD & CEO) under section 35B of the Banking Regulation Act, 1948 (the Act), the central bank said in statement.

Amazon may move HC to enforce order

Amazon.com Inc., which won interim relief against Future group in a Singapore court, is likely to move an Indian high court by next week to enforce the verdict if Future declines to pursue arbitration proceedings in the city-state, two people aware of the development said. The Singapore court restrained Future from selling it's assets to Reliance Industries Ltd (RIL) on Sunday.

SBI becomes first corporate partner of edX from India

The country's largest lender State Bank of India (SBI) on October 28 announced that it has entered into a strategic partnership with trusted global non-profit education platform edX in order to offer it's Massive Open Online Course (MOOCS). The collaboration aims at facilitating learners with expanding perspectives and access to knowledge beyond the classroom.

IKEA keen to develop shopping centres in India

IKEA on Thursday said it is interested in developing it's Ingka Centers in India as part of its global expansion stargety. Ingka Centers is a division of Ingka Group which owns most IKEA stores worldwide. These are large shopping centres with IKEA Stores as anchor stores. The news comes as IKEA is looking to build it's business across multiple formats--opening large and small stores.

BPCL Q2 standalone net profit jumps 32%, beats street estimates

Bharat Petroleum Corporation Limited (BPCL) on October 29 posted a standalone net profit of Rs 2,247.75 core for Q2 FY21, up from Rs 2,076.17 core quarter-on-quarter (QoQ) and Rs 1,708.45 core year-on-year (YoY). The 31.57 percent YoY jump in net profit beat the street estimates strongly as a CNBC-TV18 poll had estimated the profit to the tune of Rs 1,418 crore.

Maruti Suzuki Q2 profit rises 1% to Rs 1,372 crore

India's largest passenger vehicle manufacturer, Maruti Suzuki India, reported a one percent year-on-year growth in Q2 standalone profit on October 29. However, a 16 percent volume growth pushed revenue 10 percent higher on a year-on-year basis (YoY). Standalone profit increased to Rs 1,371.6 crore in the quarter ended September 2020, against Rs 1,358.6 crore in the same period last year.

GlaxoSmithKline Pharma's Q2 PAT drops 85% yoy

GlaxoSmithKline plc-backed drug company, GlaxoSmithKline Pharmaceuticals recorded an 85% decline in consolidated net profit to Rs 76.47 crore for the quarter ended in September 2020 (Q2FY21), compared to a profit of Rs 502.75 crore in the corresponding period of the previous year Consolidated revenue from operations stood at Rs 879.32 crore in the quarter, compared to Rs 882.02 crore a year ago same period.

NTPC signs a foreign currency loan agreement with JBIC

State-ownedNTPC entered into a foreign currency loan agreement with the Japanese Government's financial institutions for approximately Rs 3,582 crore (JPY 50 billion or $482M). NTPC received funding under the Japan Bank for International Co-operation (JBIC)'s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative.

Wipro and IBM announce the expansion of IBM Hybrid Cloud Practice

WiproLimited today announced its intention to expand its IBM Hybrid Cloud Practice. Supported by technical experts from both organization, the practice is expected to help Wipro customers modernize their digital operations across hybrid cloud environments by leveraging IBM Cloud Paks, containerised software running on Red Hat OpenShift.