COVID-19 lockdown measures will worsen poverty, vulnerabilities among informal economy workers: ILO
May 09, 2020, at 12:19 pm
Geneva/IBNS: COVID-19 lockdown and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points in low-income countries, says a new briefing paper issued by the International Labour Organization.
COVID-19 economic impact: CII bats for an immediate stimulus package of Rs 15 lakh crore
May 09, 2020, at 10:04 am
New Delhi/IBNS: Top industry body The Confederation of Indian Industry (CII) on Friday said a stimulus package of Rs 15 lakh crore is needed to tackle the impact of a prolonged lockdown on the country's economy.
Indian Rupee up by 22 paise against USD
May 08, 2020, at 05:53 pm
Mumbai/UNI: The Rupee on Friday rallied by 22 paise to close positive at 75.54 against the USD, on the selling of US Dollar by bankers and exporters dealers at the forex market informed.
Hindustan Unilever moves up by 4.81 pc to Rs 2088.35
May 08, 2020, at 05:51 pm
Mumbai/UNI: Hindustan Unilever on Wednesday surged by 4.81 pc to Rs 2088.35 was the major gainer in 30 scrips of BSE.
Indian Market: Sensex recovers 199.32 pts
May 08, 2020, at 05:23 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Friday recovered by 199.32 pts to close at 31,642.70 following gains in Energy, FMCG, Health care, Technology and IT stocks amid positive global peers.
Bitcoin Price Surpasses $10,000 for First Time Since February 19 – Trading Data
May 08, 2020, at 03:44 pm
Moscow/Sputnik/UNI: The price of the most popular cryptocurrency, Bitcoin, rose on Friday to more than $10,000 for the first time since February 19, the trading data showed.
JK Tyre partially resumes operations in India
May 08, 2020, at 03:43 pm
New Delhi/IBNS: Indian tyre industry major and the pioneer of radial tyre technology in the country, JK Tyre & Industries Ltd, on Friday announced partial resumption of operations after adhering to the guidelines issued by the Ministry of Home Affairs, Government of India and permissions granted by the respective state governments and local authorities.
Uber reports losses of 2.9 bln USD in first quarter
May 08, 2020, at 03:40 pm
San Francisco/Xinhua: US ride-hailing company Uber Technologies on Thursday announced its first-quarter financial results of 2020, with 3.54 billion U.S. dollars of revenue and 1.7 dollars of loss per share.
Indian Rupee opens strong at 75.40 versus by USD
May 08, 2020, at 12:20 pm
Mumbai/UNI: The Rupee on Friday advanced by 36 paise to 75.40 against the US Dollar in opening session on selling of US dollar by bankers and exporters, dealers at Forex Market said.
Indian Market: Sensex surges over 600 pts
May 08, 2020, at 11:53 am
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Friday rallied by 645 pts, breaching 32k level to 32,088.51 in early trade as buying was witnessed across the board amid positive Asian Market.
US-based firm Vista Equity Partners to invest Rs 11,367 crore in Reliance Jio Platforms
May 08, 2020, at 09:32 am
Mumbai/IBNS: Reliance Industries Limited on Friday announced that US-based Vista Equity Partners will invest Rs 11,367 crore in Jio Platforms.
May 07, 2020, at 07:22 pm
Jaipur/IBNS: ICICI Bank, one of India's key private lenders, collaborated with Rajasthan government to provide protective equipment to district administrations, municipal corporations, hospitals and police departments working to combat the pandemic.
TVS Eurogrip introduces retailer e-ordering facility to adhere to social distancing norms
May 07, 2020, at 06:50 pm
Kolkata/IBNS: TVS Srichakra Limited, one of India's leading two- and three-wheeler tyre company, announced a new feature of e-ordering facility in its retailer app “TVS Eurogrip Bandhan”.
Axis Bank rolls out Mobile ATM in West Bengal
May 07, 2020, at 06:27 pm
Kolkata/IBNS: Taking a step towards offering ease and convenience to citizens, Axis Bank has deployed a mobile ATM Van in West Bengal.
Covid-19: Time to relook your Investment portfolio
May 06, 2020, at 08:17 pm
Had anyone thought of this? Clean air, cleaner water, Himalayas seen from as far as 300 kms, drop in crime rate, spending time with our family, reading all the books which were stacked and what not… but all these heavenly things at what cost ?
May 06, 2020, at 07:26 pm
Kolkata/IBNS: A B2B e-commerce company, mjunction Services Limited, a joint venture of Tata Steel and SAIL, is offering its services as a procurement domain expert, aiding procurement of essential goods and services necessary by various companies at this time of crisis.
May 06, 2020, at 01:37 pm
Kolkata/IBNS: Uber has offered free rides worth Rs. 75 lakhs to the West Bengal government for emergency services through its UberMedic service, which will transport frontline healthcare workers, government officials on COVID-19 related duties, and support other essential requirements.
Indian market: Sensex down by 178 pts
May 06, 2020, at 11:38 am
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday dropped further by 178 pts to 31,274.85 in early trade as selling pressure was seen Oil and Gas, Auto, Capital goods and Consumer Durable stocks amid mixed trend in Asian Market.
Indian Rupee falls by 14 paise against USD
May 06, 2020, at 11:20 am
Mumbai/UNI: The Indian Rupee on Wednesday declined by 14 paise to 75.77 against the US Dollar in opening session on rising demand for US dollar by bankers and importers, dealers at Forex Market said.
May 05, 2020, at 08:17 pm
Mumbai/UNI: The BSE Sensex on Tuesday lost another 261.84 points, to close at 31,453.51 in highly volatile trade on heavy selling in Realty, Bankex, Finance and FMCG stocks, despite positive Asian market.
Jindal Stainless Limited resumes partial operation at its Jajpur facility in Odisha
May 05, 2020, at 07:28 pm
Bhubaneswar/IBNS: Jindal Stainless Steel Limited has resumed operations at its facility in Jajpur Odisha, from Tuesday, following the Government's announcement that economic activities in select sectors can start in a phased manner.
SBI drops by 4.64 pc to Rs 170.50
May 05, 2020, at 05:06 pm
Mumbai/UNI: State Bank of India on Tuesday fell by 4.64 pc to Rs 170.50 which was the major loser in 30 scrips of BSE.
Snapdeal resumes delivery of non- essential products
May 05, 2020, at 04:50 pm
Gurugram/IBNS: In view of the recent government guidelines, effective from May 4, 2020, Snapdeal has resumed the delivery of non-essential products in orange and green zones, along with the continuing deliveries of essential products.
Standard Chartered appoints Kusal Roy as Head - Retail Banking
May 05, 2020, at 04:49 pm
Mumbai/IBNS: Standard Chartered Bank, India, has appointed Kusal Roy as its new Head of Retail Banking effective from Tuesday.
Assam silk industry losses Rs 100 crore due to COVID-19 lockdown
May 05, 2020, at 03:13 pm
Guwahati/IBNS: Over 20,000 weavers and allied workers of Sualkuchi – the hub of Assam’s silk industry are facing uncertainties as the novel Coronavirus (COVID-19) pandemic badly hit the entire silk industry.
Without govt. intervention we stare at a 2.5 to 3 crore job losses: Le Meridien, New Delhi VP
May 05, 2020, at 01:41 pm
Over time, the hospitality industry has weathered many calamities, man-made or natural, and bounced back. But this time, the Covid 19 pandemic has dealt such a hard blow that it will be difficult for the sector to put the pieces back together and stand on their feet, says Meena Bhatia, Vice President & General Manager of Le Meridien, New Delhi, in an interview with IBNS correspondent Nitin Waghela.
Indian Rupee improves by 9 paise against USD
May 05, 2020, at 12:37 pm
Mumbai/UNI: The Rupee on Tuesday rose by 9 paise to 75.62 against the US Dollar in opening session on fresh selling US dollar by bankers and exporters, dealers at Forex Market said.
Petrol, diesel prices increase in Delhi
May 05, 2020, at 11:38 am
New Delhi/IBNS: Amid nationwide lockdown due to COVID-19 outbreak in the country, Petrol and diesel prices were hiked in Delhi from Tuesday.
Delhi government imposes 70 percent 'Special Corona Fee' on liquor
May 05, 2020, at 11:17 am
New Delhi/UNI: The Delhi government has decided to impose a 70 percent 'Special Corona Fee' on the Maximum Retail Price(MRP) on the bottle of liquor, sources said here on Monday night.
NBFCs meet RBI seeking restructuring of all loans : Report
May 05, 2020, at 12:13 am
Mumbai/IBNS: The Non Banking Financial Companies (NBFCs) have requested the Reserve Bank of India (RBI) to provide a one time restructuring of all loans in view of the current economic situation triggered by COVID-19 induced lockdown, a Money Control report said.