Monthly archives: October, 2021

Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank

Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank

By Administrator_India Capital Sands Software exporter Wipro’s Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which …

UBI cuts home loan rate to its lowest at 6.4%

By Administrator_ India Capital Sands Escalating competition in the festive season, public sector lender Union Bank of India has slashed interest rate on home loans by 40 basis points. The minimum rate of interest now starts at 6.40 percent, instead of 6.8 percent earlier. The reduced rate will be effective from October 27. Union Bank said …

Five things to note as RBI gears up for Friday policy decision on rates

Five things to note as RBI gears up for Friday policy decision on rates

By Administrator_India Capital Sands The Reserve Bank begins its October review of the monetary policy on October 6 and a decision on interest rates will be announced at the end of the three-day meet on Friday. The Monetary Policy Committee of the central bank is meeting in the backdrop of easing inflationary pressures and a liquidity …

Inflation woes keep central banks at a fix over monetary policy moves

Inflation woes keep central banks at a fix over monetary policy moves

By Administrator_India Capital Sands Indranil Pan, Chief Economist at YES Bank Inflation has been running red hot in many economies of the world. However, Covid-19 was expected to have slowed consumption and built up precautionary savings. The messaging from the central bankers around the world has been that the supply chain disruptions lie at the …

Record rally in crude prices sends petrol up 30 paise, diesel 37 paise; LPG surges by Rs 15

Record rally in crude prices sends petrol up 30 paise, diesel 37 paise; LPG surges by Rs 15

By Administrator_India Capital Sands Fuel prices kept on breaking records with petrol being raised by 26 to 30 paise and diesel by 34 to 37 paise across the country on Wednesday on the back of crude oil soaring to 2014 highs in the international markets. The latest round of hike sent the petrol price in …

Facebook blames “faulty configuration change” for nearly six-hour outage

By Administrator_India Capital Sands Facebook Inc blamed a “faulty configuration change” for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger. The company in a late Monday blog post did not specify who executed the configuration change and …

Amazon, Flipkart see strong start to festive sale; tier-II, III cities drive momentum

Amazon, Flipkart see strong start to festive sale; tier-II, III cities drive momentum

By Administrator_India Capital Sands E-commerce majors Flipkart and Amazon India on Sunday said they have witnessed a strong start to this year’s festive sale, with demand from tier-II and -III cities driving the momentum. Walmart-owned Flipkart on Sunday said early access for its “Flipkart Plus” programme (loyalty programme) saw a 40 per cent growth this …