Reliance Jio announces new quarterly work-from-home plan
May 15, 2020, at 02:38 pm
Mumbai/UNI: Reliance Jio (RJio), a wholly-owned subsidiary of Reliance Platforms, on Friday announced one more Work-from-Home plan for high data prepaid user.
Nirmala Sitharaman to address her third press conference today
May 15, 2020, at 10:27 am
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman will address a press conference for the third time on Friday.
Datsun launches new BS6-compliant GO & GO+ in India
May 15, 2020, at 09:47 am
Kolkata/IBNS: Automobile giant Datsun India has launched the BS6 compliant of its all-new GO and GO+, the most affordable CVT-equipped (continuously variable transmission) cars in India.
Centre's concessional loans for farmers through Kisan Credit card is a big step: EY India
May 14, 2020, at 11:24 pm
New Delhi/ IBNS: Hours after India's Finance Minister Nirmala Sitharaman on Thursday announced that the Centre has extended the incentives on crop loans, which was due from Mar 1, till May 31, Satyam Shivam Sundaram, Partner, Government and Public Sector, EY India, said the move is a big step towards institutional credit to the marginal and small farmers.
Financial vaccine would revive lives at the bottom of the pyramid: ASSOCHAM president Dr Hiranandani
May 14, 2020, at 10:51 pm
New Delhi/IBNS: The COVID infected economy got the second dose from the finance ministry and would boost the immunity of some of the most underprivileged sections of the society that is the farmers, labourers, street vendors and the tribals, stated Dr Niranjan Hiranandani, President, ASSOCHAM.
Covid: Uber distributing PPE kits, introducing new safety tech feature, mandatory driver education
May 14, 2020, at 09:42 pm
Kolkata/IBNS: To step up safety standards for riders and drivers during the ongoing Covid-19 pandemic, Uber on Thursday launched a comprehensive set of measures, ramped up the distribution of millions of PPE kits to drivers and introduced safety awareness education video courses for them.
May 14, 2020, at 07:12 pm
New Delhi/IBNS: India's Finance Minister Nirmala Sitharaman on Thursday said all migrant workers, who received a body blow due to the anti-Coronavirus lockdown, will get free food grains for the next two months.
IEA believes global oil demand to fall by 8.6mln bpd in 2020
May 14, 2020, at 05:18 pm
Moscow/Sputnik: The International Energy Agency (IEA) said on Thursday that the global oil demand in 2020 would fall by 8.6 million barrels per day, revising downward its previous report.
Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA
May 14, 2020, at 05:11 pm
Moscow/ Sputnik: Global oil supply will fall in May to a nine-year-low of 88 million barrels per day, as the new OPEC+ oil production cuts deal will take effect, the International Energy Agency (IEA) said on Thursday.
LIVE: Nirmala Sitharaman gives details of Modi's 20 lakh crore package
May 14, 2020, at 04:28 pm
New Delhi/IBNS: For the second consecutive day, Union Finance Minister Nirmala Sitharaman is giving the details of Prime Minister Narendra Modi's Rs. 20 lakh crore package on Thursday.
May 14, 2020, at 04:27 pm
Kolkata/IBNS: Following Union finance minister Nirmala Sitharaman's announcement of the first tranche of measures related to Atmanirbhar Bharat, Sushil Mohta, Chairman, Merlin Group and President, Credai, West Bengal, said he hopes that the minister announces SOPs for the real estate industry and financial packages for migrant workers in the next few days.
Coronavirus ‘grim reality’: World economy to shrink by 3.2 per cent, new UN report projects
May 14, 2020, at 03:49 pm
New York/IBNS: Against the backdrop of the raging COVID-19 pandemic, the world economy in 2020 is projected to shrink by 3.2 per cent, racking up some $8.5 trillion in overall losses – wiping out nearly four years of output gains, according to a mid-year economic analysis by the United Nations.
Sitharaman announces 3 lakh crore emergency capital for MSMEs: Catch full statement here
May 13, 2020, at 08:35 pm
New Delhi/IBNS: After Narendra Modi's announcement of a special economic and comprehensive package of Rs 20 lakh crores for Self-Reliant India Movement in the aftermath of Coronavirus pandemic, Union Minister of Finance & Corporate Affairs Nirmala Sitharaman on Wednesday said that the PM had laid out a comprehensive vision in his address to the nation.
FM Nirmala Sitharaman announces 3 lakh crores collateral-free loans for MSMEs
May 13, 2020, at 05:34 pm
New Delhi/IBNS: In a bid by the Modi government to fight back the economic impact of COVID-19 outbreak, Union Finance Minister Nirmala Sitharaman on Wednesday announced several categories of collateral-free loans for Ministry of Micro, Small and Medium Enterprises (MSME)s as a part of the Atmanirbhar Bharat Yojana (Self-reliant India) announced by PM Narendra Modi on Tuesday during his national address.
Maruti Suzuki Q4 net moves down by 29 pc to Rs 1291.70 cr
May 13, 2020, at 05:22 pm
Mumbai/UNI: Car major Maruti Suzuki India Ltd on Wednesday reported a 28 per cent decline in it's net profit for quarter ending March, 2020 at Rs 1,291.70 crore, compared to Rs 1795.60 crore in the last year.
Indian market: Sensex movie up 637.49 ptsÂ
May 13, 2020, at 05:20 pm
Mumbai/UNI: Snapping a losing streak of last two sessions, the BSE Sensex on Wednesday surged by 637.49 pts to 32,008.61over 2 per cent gains as investors awaited details of Rs 20 lakh crore stimulus announced yesterday.
Indian Rupee rises marginally by 5 paise against USD
May 13, 2020, at 04:29 pm
Mumbai/UNI: The Rupee on Wednesday rose marginally by five paise to close at 75.45 against the USD, on selling of US Dollar by bankers and importers, dealers at the forex market informed.
FM Nirmala Sitharaman begins her briefingÂ
May 13, 2020, at 04:14 pm
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman has started briefing the nation about the details of the Rs. 20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi during his 33-minute address to the nation last night.
What to expect from Centre's Rs. 20 lakh crore economic package: Report
May 13, 2020, at 03:25 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman at 4 pm on Wednesday will share the details of the mega stimulus economic package worth Rs. 20 lakh crore announced by Prime Minister Narendra Modi last night.
Nirmala Sitharaman to share details of Modi's Rs. 20 lakh crore economic package at 4 pm
May 13, 2020, at 12:34 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman at 4 pm on Wednesday will share the details of the mega stimulus economic package worth Rs. 20 lakh crore announced by Prime Minister Narendra Modi last night.
Indian market:Â Sensex zooms 1474 pts
May 13, 2020, at 10:55 am
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday spurted by 1,474 pts to open at 32,841.87 following an announcement of a Rs 20-trillion stimulus package by the PM Narendra Modi to start the battered economy.
Indian Rupee strengthens by 16 paise against USD
May 13, 2020, at 10:52 am
Mumbai/UNI: The Rupee on Wednesday jumped by 16 paise to 75.34 in opening trade against the US Dollar on the selling of the US dollar by bankers and exporters, dealers at Forex Market said.
Twitter may permit employees to work from home 'Forever'
May 13, 2020, at 10:03 am
Washington/Sputnik/UNI: Twitter said in a statement on Wednesday that it has come up with a new policy permitting all of its employees to work from home not only through the current coronavirus pandemic, but also indefinitely afterwards if they want to.
Indian market opens in green during early trade
May 13, 2020, at 09:55 am
Mumbai/IBNS: A day after PM Narendra Modi announced the mega 20 lakh crore economic package to tackle the COVID-19 crisis, the market commenced on a positive note on Wednesday as Sensex moved up by 814 points to stand at 32185.90.
Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'
May 12, 2020, at 11:01 pm
Mumbai/IBNS: Indian Banks Association (IBA) has sent a proposal to set up a 'Bad Bank' to the Finance Ministry and the Reserve Bank of India (RBI), said a CNBC-TV18 report. A Bad Bank is named so as it houses all bad loans or non-performing assets.
Lockdown Impact: IIP for March shrinks by record margin of 16.7%
May 12, 2020, at 10:43 pm
New Delhi/ IBNS: India's factory output shrank by a record 16.7 per cent in March 2020 as a result of minimal economic activity due to nationwide lockdown imposed to contain the spread of coronavirus.
PM Modi's Rs 20 lakh crore package calls for self-reliance to lift national spirit: ASSOCHAM
May 12, 2020, at 10:38 pm
New Delhi/IBNS: ASSOCHAM on Tuesday profusely thanked Prime Minister Narendra Modi for lifting the national spirit up, not only with his Rs 20 lakh crore economic package but also laying a broad direction for the country's development , based on a Self-Reliant India, standing tall in the evolving new world order.
Glenmark Initiates Phase 3 Clinical Trials on Antiviral Favipiravir for COVID-19 Patients in India
May 12, 2020, at 07:55 pm
MUMBAI/PRNewswire -- Glenmark Pharmaceuticals, a research-led, integrated global pharmaceutical company has initiated Phase 3 clinical trials in India on Antiviral tablet Favipiravir, for which it received approval from India's drug regulator DCGI in late April. Glenmark is the first company in India to initiate Phase 3 clinical trials on Favipiravir for COVID-19 patients in India. Favipiravir is a generic version of Avigan® of Fujifilm Toyama Chemical Co. Ltd., Japan, a subsidiary of Fujifilm Corporation. Clinical trials have commenced and over 10 leading government and private hospitals in India are being enrolled for the study. Glenmark estimates study completion by July/August 2020.
-1589291697.jpg "Bandhan Bank FY20 net profit shoots up by more than 54 pc")
Bandhan Bank FY20 net profit shoots up by more than 54 pc
May 12, 2020, at 07:25 pm
Kolkata/UNI: Bandhan Bank FY20 net profit has grown 54.96 per cent (YoY) at Rs3,024 crore after taking COVID-19 provision on standard advances amounting to Rs 690 crore and deposit increased by 32.04 per cent (YoY) to Rs57,082 crore.
May 12, 2020, at 05:45 pm
New Delhi/IBNS: India enjoys 18 per cent share in Tanzanian imports and 14 per cent share in Tanzanian exports, said Sanjiv Kohli, High Commissioner to Tanzania, in an interactive webinar on 'India-Tanzania Business Promotion, Challenges and Opportunities – Post COVID19'.