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  Loan moratorium scheme: Extension of time given to borrowers not viable, RBI tells Supreme Court The central bank said it had already issued a framework on August 6 with the aim of facilitating the revival of real sector activities and helping borrowers. A worker walks past the logo of Reserve Bank of India inside its office in New Delhi. | Anushree Fadnavis/Reuters The  Reserve Bank of India  on Wednesday informed the Supreme Court that it was not viable to extend the loan moratorium period,  The Hindu  reported. A three-judge bench led by Justice Ashok Bhushan continued hearing pleas against the Reserve Bank of India’s decision to charge interest on term loans during the moratorium period announced due to the coronavirus pandemic. The pleas have been filed by industry, real estate and power sectors. Advocate V Giri, appearing for the central bank, referred to clause 3 of its August 6 circular for “resolution framework for Covid-19-related stress”, a debt res...

A file photo of Tesla CEO Elon Musk.  (AFP) 'Yes, I have moved to Texas,' says world's second-richest person Elon Musk 2 min read .   Updated: 09 Dec 2020, 07:56 AM IST AFP Musk, 49, overtook Bill Gates to become the world's second-wealthiest person last month as Tesla stock reached ever-higher heights California is the most populous and economically productive of the US states, and also imposes a higher tax burden on wealthy individuals like Musk Elon Musk  can comfortably call himself the world's second-richest person amid a surge in the stock of his electric car maker Tesla, and now he has added another title: Texan. The norm-shattering entrepreneur announced on Tuesday he had left California after a heated squabble earlier this year with local authorities, who ordered one of his auto factories closed to stop the spread of Covid-19. "Yes, I have moved to Texas," he told a conference organized by The Wall Street Journal. Musk justified the move by saying...

  Canara Bank share touched an intraday high of Rs 126.4, rising 7.53% against the previous close of Rs 117.55 on BSE December 8, 2020 | Updated 12:45 IST Canara Bank share is trading higher than 5 days, 20 days, 50 days, 100 days and 200-day moving averages MORE FROM THE AUTHOR 87-year-old Indian-origin man among first in the world to receive COVID-19 vaccine Coronavirus impact: FMCG volume growth 4.9% in Sept quarter Canara Bank's  share rose over 7% today after the private sector lender set a floor price of Rs 103.50 per share for its qualified institutional placement ( QIP ). The bank plans to raise up to Rs 2,000 crore through the share sale. The stock has gained 17.46% in the last 4 days.  The share touched an intraday high of Rs 126.4, rising 7.53% against the previous close of Rs 117.55 on  BSE . Canara Bank share is trading higher than 5 days, 20 days, 50 days, 100 days and 200-day moving averages.  However, the share has lost 39.7% in one year and fall...