RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.

The loan has been disbursed under a refinance scheme by Nabard from its own resources and was given this week, it said.

Having come up with emergency credit lines to help businesses weather the Covid storm, banks are seeing little demand for fresh credit at this stage.

Kapoor, former MD and CEO of Yes Bank, was arrested by the ED on March 8 under the Prevention of Money Laundering Act (PMLA). He is accused of sanctioning loans to certain firms against kickbacks.

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR). "Our Bank has revised the MCLR w.e.f 10.05.2020 until further review," Indian Overseas Bank said in a regulatory filing. The Chennai-headquartered lender said the MCLR for the benchmark one-year tenor loan has […]

The communication further stated that Covid-19 is wreaking havoc on the economy which, in turn, will impact a financial services firm like KMB.

In the gold loan category, which accounts for 87% of our standalone portfolio, more than 90% are servicing their dues.

Banks are flush with liquidity, but they also have to look after the interest of depositors.

Earlier on April 7, the public sector bank announced a reduction in MCLR by 35 bps. and reduced savings deposit rate by 25 bps, citing adequate liquidity in the system.

On the COVID-19 pandemic, SBI Card said globally, countries and businesses are under lockdown and there is a high level of uncertainty about the duration of the lockdown and the time required for things to get normal. 

Indian Railways Catering and Tourism Corporation’s premier luxury train, the Maharajas Express, is all set to run its first Indian Panorama journey of the 2012-13 season tomorrow. The train will depart from the Safdarjung Railway Station tomorrow at 2200 hours. All guests have been...

Karnataka Tourism’s flagship luxury train, the Golden Chariot is now available for charter at only $70000 (Rs. 3,500,000). The minister said: “Around 80 tourists can travel in the train per tour. By introducing the charter service, private individuals or organizations can have...

Indian luxury train, the Indian Maharaja, has bagged the award for the Best Asian Luxury Train for the third year in a row. The train was felicitated at World Travel Awards 2012, quoted by Wall Street Journal as “the travel industry’s equivalent to the Oscars”. The awards are...

Indian luxury train, The Maharaja’s Express, is making quite an impression in the US as owner and operator IRCTC is hosting multiple events promoting the Maharaja Express in Las Vegas, Los Angeles (November 26) and San Francisco (November 30). The train has been bestowed with several honors...

Popular Indian luxury train, The Maharaja’s Express, has been awarded World’s Leading Luxury Train 2012 at the World Travel Awards 2012 held in New Delhi yesterday. The train was one of the contenders for the coveted title of the best luxury train in the world which included the...

One of the premier luxury trains in India, the Deccan Odyssey, has announced revised departure dates for the remaining of the season. This luxury train will run for 4 more times before completing its 2012-13 season in April 2013. Dubbed India’s Blue Train, the Deccan Odyssey offer weeklong...

If sources are to be believed, the Golden Chariot, a luxury train operating in South Indian states of Karnataka and Tamil Nadu, will soon revamp its itinerary to include destination in Andhra Pradesh. This move is meant to promote tourism in Andhra Pradesh as well as to make the train more...

Besides the Integrated L-40 stages, HAL is also manufacturing the riveted structures, propellant tanks, feed lines of PSLV, GSLV MKII and GSLV MKIII launch vehicles and structures of various satellites for the space agency.

Thunberg has become a leading voice for action on climate change, inspiring millions of students to join protests around the world.

Some schools of thought suggest that the eruption pushed Earth into volcanic winter that lasted as long as six years and the planet Earth had to endure a longish cooling period of a thousand years.

Since our FM mentioned the Sindhu-Saraswati civilisation or the Harappan culture, it is prudent that we start our journey from there.

The discovery was announced by the Minor Planet Center on Tuesday. So far, the astronomers do not have enough data to establish what the minimoon is made of.

Gangetic dolphins, gharial and freshwater turtles are among the major species found in the region. More than 75 per cent of the critically endangered Gharial population is based in the sanctuary.

BEE will start rating deep freezers and light commercial air conditioners as well from now onwards. The star rating programme was launched on the 19th foundation ceremony of the BEE.

ISRO's GISAT-1, which weighs around 2,268 kgs, was slated to be the first Earth observation satellite to be placed in the Geosynchronous Transfer Orbit.

Curiosity's project scientist at NASA's Jet Propulsion Laboratory Ashwin Vasavada said that it is the first time that NASA has dedicated its operations to capture a 360-degree panorama.

Since rangeomorphs could not move and are preserved where they lived, it is possible to analyse whole populations from the fossil record.

Ever since Dragon became the first private spacecraft to visit the ISS in 2012, it had spent 520 days at the International Space Station

The advantage of Economic Decarbonisation is that it intertwines with the modernization of all industries. Excessive dependence on fossil fuels does more damage than good, it may guarantee temporary energy security but the side-effects are way too disastrous to continue using this as ‘energy- steroids’.

Saturation of Pilibhit Tiger Reserve with an increasing population of tigers has resulted in man-animal conflicts in the area.

The term supermoon has only prevailed in the common lexicon for 40 years or so. It was coined by astrologer Richard Nolle in 1979.

There’s a collaborative effort across industries today to tackle the crisis. From fashion, energy and transport to beauty and food, companies across sectors are doing their bit to ensure a better tomorrow.

The famous scientist, who battled amyotrophic lateral sclerosis (ALS), a motor neurone disease for over 50 years, passed away at the age of 76 on March 14, 2018.

Have you ever wondered why the moon is always there next to Earth? How did it come into existence and what is its relation to the Earth?

The space rock will pass the earth at a distance 4.6 times of distance between the Moon and Earth.

Air quality is improving in countries under coronavirus quarantines, experts say, but it is far too early to speak of long-term change.

"Green Citizen Awards" will also be instituted to encourage citizens to contribute to environment protection and preservation work, Deputy Chief Minister Manish Sisodia said while presenting the budget in Delhi Assembly.

The Pacific Tsunami Warning Center said hazardous tsunami waves were possible within 1,000 kilometers (600 miles) of the quake's epicenter.

Efforts of all the countries to stop the damage to the Ozone layer seem to be paying off as the damage to the Ozone layer above Antarctica has recovered.

The Wuhan shutdown delayed the arrival of the virus in other cities, their model showed, giving them time to prepare by banning public gatherings and closing entertainment venues, among other measures.

The International Space Station which came into existence in 1998 has been in space for more than 15 years and orbits our planet sixteen times in a day.

The nationwide 'Janta Curfew' on March 22 and the 21-day lockdown imposed since March 24 to combat the coronavirus outbreak have resulted in a significant improvement in air quality.

A total of 12,000 applicants applied to become astronauts at the National Aeronautics and Space Administration (NASA).

The report claims that the development could help seismologists detect earthquakes of even very small magnitude, signals of which were earlier drowned in the cacophony produced by various activities.

On April 27, Venus will shine nine-times brighter than Jupiter, its nearest planetary 'competitor', and will outshine Sirius, the brightest of all stars, by almost 20-times

Geo-microbiologist Yohey Suzuki says clay minerals can be considered 'magic material on Earth' one can always find microbes living in them.

Seismic noise is a relatively persistent vibration of the ground that is usually an unwanted component of signals recorded by seismometers, according to the scientists.

A test run in December was ended early when the spacecraft failed to engage its thrusters on time.

Explaining the difference between a normal Full Moon and a Supermoon, Brown told The Guardian that the Supermoon is just closer to the Earth than the usual Full Moon.

Weeks of lockdown in the country to fight coronavirus may have reduced greenhouse gas emissions enabling people to breathe cleaner air and feast on blue skies, but it is only a temporary phase and will not benefit the environment in the long run.