Greatest emergency since Independence: Former RBI Governor Raghuram Rajan over COVID-19 situation
Apr 06, 2020, at 04:15 pm
New Delhi/IBNS: Advising the Indian government to spend more on poor to manage the crisis caused by the Novel Coronavirus, former Reserve Bank of India (RBI) governor Raghuram Rajan has said the pandemic virus is the "greatest emergency since Independence".
Airtel Payments Bank partners with Bharti AXA General to cover COVID-19 protection
Apr 06, 2020, at 02:22 pm
New Delhi/ibns: Airtel Payments Bank has partnered with Bharti AXA General Insurance to offer simple and focused health insurance plans for providing financial protection against COVID-19, an infectious diseases caused by the new virus that originated from China.
Apr 04, 2020, at 08:48 pm
Kolkata/IBNS: With the Covid-19 pandemic throwing the economy of diverse nations out of gear, Shasank Jalan, the owner of Jalan Financial Services, believes people should take wellmesured steps now so far as financial inestments are concerned.
Apr 04, 2020, at 08:44 pm
Mumbai/IBNS: A leading fast online fashion brand SHEIN India donated surgical masks to the Mumbai-based Lokmanya Tilak Municipal Medical College and General Hospital recently.
Aparna Constructions and Estates contributes rupees five crore for the battle against COVID 19
Apr 04, 2020, at 08:38 pm
Hyderabad/IBNS: Telangana based real estate firm Aparna Constructions and Estates Private Limited has donated rupees five crore to relief efforts towards containing the Covid-19 pandemic.
-1585988723.jpg "COVID-19: The global food supply chain is holding up, for now")
COVID-19: The global food supply chain is holding up, for now
Apr 04, 2020, at 01:56 pm
New York/IBNS: The unfolding COVID-19 pandemic is so far having little impact on the global food supply chain, but that could change for the worse – and soon – if anxiety-driven panic by major food importers takes hold, the World Food Programme (WFP) warned on Friday.
BRICS CCI to donate Rs 1 lakh to PM CARES Fund
Apr 04, 2020, at 12:47 pm
New Delhi/UNI: The BRICS Chamber of Commerce and Industry has decided to contribute Rs one lakh to the PM CARES Fund in wake of COVID-19 outbreak in the country, the organisation’s Director General Madhukar has said.
Reserve Bank of India reduces timing of debt, currency market
Apr 04, 2020, at 12:44 pm
Mumbai/UNI: In view of the lockdown following the outbreak of coronavirus, the Reserve Bank of India (RBI) has reduced the trading hours of debt as well as currency markets from April 7.
Volkswagen to ship 75,000 COVID-19 gowns, masks to New York hospitals - Statement
Apr 04, 2020, at 12:25 pm
New York/Sputnik/UNI: Volkswagen, together with the carmaker’s fabrics supplier Faurecia, announced that they have made an initial batch of 70,000 pairs of medical gowns and 5,000, to be shipped to hospitals in the New York City area before the end of the week.
World economy is now in recession, worse than 2008 crisis: IMF
Apr 04, 2020, at 10:29 am
Washington/IBNS: International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday warned that the world economy is currently in 'recession' and it is worse than the 2008 scenario.
Apr 03, 2020, at 09:40 pm
Goa/IBNS: Deltin Group, engaged in the gaming and hospitality industry in India, has donated Rs 5.10 million to Goa’s Chief Minister Relief Fund to pledge its support to the fight against the COVID-19 pandemic.
RBI cuts down trading hours for domestic money markets amid lockdown
Apr 03, 2020, at 08:12 pm
Mumbai/IBNS: The money markets in India will now function 10 am to 2 pm from Apr 7 due to lower participation due to lockdown and social distancing, Reserve Bank of India (RBI) said on Friday.
Apr 03, 2020, at 07:28 pm
Mumbai/Delhi/IBNS: LimeTray, an India-based food tech platform, has rolled out an online ordering system to enable local grocery, meat as well as local kirana shops to accept customer orders online through its platform, thus helping everyone to maintain the necessary 'social distancing' following the Covid19 outbreak.
Apr 03, 2020, at 07:10 pm
New Delhi/IBNS: To ensure that supply of medical and pharmaceutical products remain uninterrupted against the backdrop of the global Covid-19 outbreak, Blue Dart, the express air and integrated transportation & distribution company, has deployed its 757 Boeing freighters with additional new routes.
Merlin Group provides food and essentials to people below poverty line during Covid 19 lockdown
Apr 03, 2020, at 07:00 pm
Kolkata/IBNS: I Am Kolkata, a CSR arm of Merlin Group, a real estate company, has extended its support to provide meals to a large number of people living below the poverty line who are finding it difficult to procure food owing to lockdown implemented to contain the Covid-19 pandemic.
Indian Rupee down 62 paise against USD
Apr 03, 2020, at 06:11 pm
Mumbai/UNI: The Rupee on Friday down by 62 paise to close at 76.17 versus the US Dollar on brisk demand for US dollar by bankers and importers, dealers at the forex market said.
Indian Market:Â Sensex down 674.36 pts
Apr 03, 2020, at 06:08 pm
Mumbai/UNI: The benchmark Index of Bombay Stock Exchange on Friday tanked 674.36 pts to settle at 27,590.95 on heavy selling in bankex, finance, IT and materials Stocks amid negative global peers.
Axis Bank drops by 9.16 pc to Rs 325.60
Apr 03, 2020, at 05:39 pm
Mumbai/UNI: Axis Bank on Friday slipped by 9.16 pc to Rs 325.60. A major loser in 30 scrip index of Bombay stock exchange.
Union Bank becomes India’s fifth largest public sector bank
Apr 03, 2020, at 05:20 pm
Hyderabad/UNI: Union Bank of India, erstwhile 97-year-old Andhra Bank and erstwhile Corporation Bank were now one bank.
India's growth to slow to 4 percent in FY2020, recover to 6.2% in FY2021
Apr 03, 2020, at 05:15 pm
Manila/IBNS: The Asian Development Bank (ADB) projects India’s gross domestic product (GDP) will slow to 4.0% in fiscal year (FY) 2020 ending on 31 March 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19) outbreak in the country. The forecast assumes that the pandemic dissipates and full economic activity resumes from the second quarter of FY2020.
Bajaj Auto total sales move down by 38 pct in March
Apr 03, 2020, at 05:11 pm
Pune/UNI: Bajaj Auto on Friday reported 38 per cent decline in total sales to 2,42,57 units in March as against 3,93,351 in the same month last year.
NTPC contributes Rs 257.5 cr to PM CARES Fund
Apr 03, 2020, at 05:00 pm
New Delhi/UNI: NTPC Ltd, India’s largest power producer, contributed Rs 257 crore to the PM CARES Fund to support the government in the fight against COVID-19.
Etihad Airways continues to operate special passenger flights
Apr 03, 2020, at 04:54 pm
Abu Dhabi, United Arab Emirates/IBNS: Over the past week, aviation major Etihad Airways has been operating special flights which have allowed stranded passengers to return home, and to support the ‘UAE Food Security Program’ as part of previously announced plans to utilise belly-hold capacity of passenger aircraft for cargo.
Indian Rupee down 40 paise against USD
Apr 03, 2020, at 10:45 am
Mumbai/UNI: The rupee on Friday tumbled down by 40 paise to 75.95 in the opening session on brisk demand for US dollar by bankers and importers, dealers at the forex market said.
Indian Market: Sensex down by 217 pts
Apr 03, 2020, at 10:42 am
Mumbai/UNI: The BSE Sensex lost further by 217 pts to 28,048.07 in early trade on Friday on heavy selling in finance, bankex, auto and realty stocks despite bounces back in crude oil prices and global stocks.
India-based ideaForge supplying drones to Assam and Maharashtra police for Covid-19 surveillance
Apr 02, 2020, at 06:13 pm
Mumbai/India: Faced with an unprecedented crisis, police forces in Sangli, Maharashtra and Guwahati, Assam in India have turned to drone technology to enforce lockdown throughout their respective cities and mitigate the spread of Covid-19.
Apr 02, 2020, at 06:11 pm
Mumbai/IBNS: Piramal Group, an Indian business conglomerate with a global footprint, has pledged Rs 25 crores towards the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM Cares Fund) to aid the fight against Covid-19.
GST collection for March 2020 stands at Rs 97,597 crore
Apr 01, 2020, at 07:09 pm
New Delhi/IBNS: The gross GST revenue collected in the month of March, 2020 is Rs. 97,597crore of which CGST is Rs. 19,183 crore, SGST is Rs. 25,601 crore, IGST is Rs. 44,508 crore (including Rs. 18,056 crore collected on imports) and Cess is Rs. 8,306 crore (including Rs. 841 crore collected on imports), the government said in a statement today.
Indian Market:Â Sensex nosedives 1,203.18 pts
Apr 01, 2020, at 06:38 pm
Mumbai/UNI: The BSE index on Wednesday crashed 1,203.18 points, 4.08 per cent to settle at 28,265.31 on negative global markets amid heavy selling in bankex, finance And FMCG stocks.
Tech Mahindra shares moves down 9.21 pc to Rs 512.90
Apr 01, 2020, at 06:35 pm
Mumbai/UNI: Tech Mahindra, whose shares tumbled down 9.21 per cent to Rs 512.90, was the major loser in the 30 scrips of Bombay Stocks Exchange on Wednesday.