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83.2% Rajasthan businesses find central stimulus ineffective

Jaipur, May 30 (SocialNews.XYZ) As the fourth phase of lockdown is nearing its end, 83.2 per cent respondents to an online poll said the central stimulus package was “not so effective”. While 15 per cent…




Union Bank of India cuts EBLR by 40 bps

Mumbai, May 30 (SocialNews.XYZ) Union Bank of India on Saturday announced reduction in External Benchmark Lending Rate (EBLR) by 40 bps to 6.80 per cent taking into consideration the recent change in Repo Rate by…



Hyundai Motor India exports over 5k units in May

New Delhi, May 30 (SocialNews.XYZ) Automobile major Hyundai Motor India on Saturday reported to have exported more than 5,000 units during May 2020. Accordingly, the company said that in-line with the government’s vision of ‘Self-reliant’…


Bengaluru airport raises UDF to compensate revenue loss

Bengaluru, May 30 (SocialNews.XYZ) City-based Bangalore International Airport Limited (BIAL) has raised User Development Fee (UDF) by 17 per cent for departing international passengers to compensate for revenue loss, an official said on Saturday. “The…







US stocks end mixed amid data

New York, May 30 (SocialNews.XYZ) US stocks closed mixed as Wall Street pored through a slew of economic data. On Friday, the Dow Jones Industrial Average fell 17.53 points, or 0.07 per cent, to 25,383.11….


India’s forex reserves rise by over $3 bn

Mumbai, May 30 (SocialNews.XYZ) India’s foreign exchange reserves rose by over $3 billion during the week ended May 22. According to the RBI’s weekly statistical supplement, the overall forex reserves increased to $490.044 billion from…