Friday, Oct 30 2020 | Time 22:14 Hrs(IST)
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  • African countries conduct over 17 mln COVID-19 tests: AU
  • UN launches joint SDG financing project for Ghana
  • Shipping Ministry seeks public consultation on draft Coastal Shipping Bill, 2020
  • Pakistan conveys condolences over Turkey's earthquake
  • Hero ISL embarks upon a unique season with unprecedented 115 games
  • LS Speaker to lead Parliamentary delegation to 206th session of IPU Governing Council
  • Rahul Gandhi takes dig at PM over China
  • COVID-19: Toll in Bengal rises to 6,784, cases touch 3,69,671
  • No repolling recommended by observers in 71 seats of first phase Bihar Assembly elections
  • IPL 2020: Gayle 99 powers Kings XI to 185/4 against RR
  • IPL 2020: Gayle 99 powers Kings XI to 185/4 against RR
  • IPL 2020: Gayle 99 powers Kings XI to 185/4 against RR
  • Indian Oil reports revenue from Operations of Rs 2,04,686 cr for H1 FY 2020-21 as compared to Rs 2,82,514 cr in corresponding period
  • PM inaugurates several projects in Gujarat
  • Death toll in Turkey earthquake rises to 6
Business Economy


SBM Bank (India) Ltd becomes first foreign bank to set up wholly owned subsidiary in India

SBM Bank (India) Ltd becomes first foreign bank to set up wholly owned subsidiary in India

Mumbai Jan 25(UNI) SBM Group, a diversified financial services provider and the second largest listed banking institution on the Stock Exchange of Mauritius, announced the launch of SBM Bank (India) Limited which will operate as a full-fledged universal bank.
SBM Bank (India) Limited becomes the first foreign bank in India to obtain a banking licence from the Reserve Bank of India to operate as a Wholly Owned Subsidiary (WOS), a release said.
Under this new structure, SBM Bank (India) Limited plans to extend its network by end of March 2020 with four new branches focusing on the mid-market segment comprising mid-corporate and higher end SMEs,

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Indian Oil reports revenue from Operations of Rs 2,04,686 cr for H1 FY 2020-21 as compared to Rs 2,82,514 cr in corresponding period

30 Oct 2020 | 9:17 PM

Kolkata, Oct 30 (UNI) Indian Oil has reported revenue from Operations of Rs 2,04,686 crores for the first half of Financial Year 2020-21 as compared to Rs 2,82,514 crores in corresponding period of Financial Year 2019-20.

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Pitti Engineering net up 43 94 pc to Rs 10 09 cr in Q2 FY21

30 Oct 2020 | 9:17 PM

Hyderabad, Oct 30 (UNI) Pitti Engineering, formerly Pitti Laminations, on Friday posted a profit of Rs 10.09 crores for the Second quarter ended September 30, 2020, registered a growth of 43.94 per cent against a profit of Rs 7.01 crore for the corresponding quarter last year.

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Lubrizol and Grasim Industries partner for India’s largest CPVC resin plant

30 Oct 2020 | 9:12 PM

Vilayat (Gujarat), Oct 30 (UNI) To meet growing demand for chlorinated polyvinyl chloride (CPVC) pipe and fittings in India, Lubrizol Advanced Materials, a global specialty chemical leader and the market leader for CPVC, and Grasim Industries Limited, a flagship company of the Aditya Birla Group, have entered into a definitive agreement to manufacture and supply CPVC resin in India.

Once commissioned, this near 100,000 metric-ton state-of-the-art CPVC plant at Grasim’s site in Vilayat, Gujarat, will be the largest single-site capacity for CPVC resin production globally. The project will take part in two phases, with the first phase of production expected to be operational in late 2022. The CPVC resin produced at Vilayat will enable product sold under Lubrizol’s FlowGuard® Plus, Corzan® and BlazeMaster® brands.

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Retail prices of potato, onion stabilized: Goyal

Retail prices of potato, onion stabilized: Goyal

30 Oct 2020 | 9:07 PM

New Delhi, Oct 30 (UNI) Union Consumer Affairs and Food & Public Distribution Minister Piyush Goyal on Friday said that prices of potato and onion have come under control while the government has also starting importing them to meet their shortage.

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Paytm Payments Bank becomes India's largest facilitator of digital toll collection, issues 5 Mn FASTags & enables toll collection at 211 plazas

30 Oct 2020 | 8:42 PM

Kolkata, Oct 30 (UNI) India’s home-grown Paytm Payments Bank Ltd (PPBL) has today announced that it is now enabling automatic cashless payments at 211 toll plazas across the country and has become the largest acquiring bank under National Electronic Toll Collection (NETC) program.

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