RBI measures will give 'much-desired relief', says Finance Minister Nirmala Sitharaman
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Friday welcomed the RBI announcement of massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the Covid-19 pandemic and maintained that three month moratorium on payments of term loan instalments and interest on working capital will give much-desired relief.
Repo rate slashed by 75 basis points to 4.4 percent: RBI Guv
Mumbai/IBNS: The Reserve Bank of India on Friday announced that repo rate has been slashed by 75 basis points to 4.4 percent.
Kolkata/IBNS: The Union Government has already identified the list of jobs and services deemed "essential" and, therefore, these are not required to be in lockdown for the next few weeks.
Bengaluru/IBNS: In the midst of Covid-19 crisis, Syndicate Bank has announced a number of measures for employee safety and uninterrupted banking for customers.
COVID-19: FM Sitharaman announces mega package for health workers, farmers, poor people
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Thursday came out with a mega package of Rs. 1,70,000 crore under "Pradhan Mantri Gareeb Kalyan Scheme" to support health workers, poor people, farmers, women and other marginalised sectors as the country is in lockdown mode to combat COVID-19.
Canara Bank extends its support to customers
Kolkata/IBNS: Canara Bank, as a socially responsible organisation is always at the forefront to extend its support to its customers. In the wake of Covid-19 crisis, Customers are advised to stay safe and connect to the Bank through various digital modes.
COVID-19: FM Sitharaman announces Rs. 50 lakh as insurance for health workersÂ
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Thursday announced an insurance of Rs. 50 lakh for three months to all health workers who are treating COVID-19 patients.
Visit Bank branches only for urgent needs : AIBEA to customers
Hyderabad/UNI: All India Bank Employees' Association (AIBEA) on Wednesday appealed to customers to visit bank branches only for their urgent needs.
COVID-19: Flipkart shuts operations temporarily
Bengaluru/UNI: Walmart-owned Flipkart on Wednesday said that it was suspending its operations temporarily as India entered into a 21-day lockdown to contain the spread of Covid-19 pandemic.
MG Motor India announces donation of Rs. 2 crore towards medical aid
New Delhi/IBNS: MG Motor India on Tuesday announced a donation of Rs. 2 crore for the government hospitals and health institutions providing medical assistance in Gurugram and Halol (Vadodara), where the carmaker’s facilities are located – to ensure the health and well-being of the medical staff and underprivileged sections of society.
Global economy to contract 1.5 pct in 2020 amid COVID-19 outbreak: IIF
Washington/Xinhua/UNI: The global economy is expected to contract 1.5 percent in 2020 amid the ongoing COVID-19 outbreak, according to the forecast released by the Institute of International Finance (IIF) on Monday.
Bangalore/IBNS: Considering the recent developments on the COVID-19 outbreak in the country, on 22nd March Toyota Kirloskar Motor said it has voluntarily decided to temporarily halt production in its plant in Bidadi, Karnataka.
Fight against COVID 19: Mahindra to make ventilators
New Delhi/IBNS: Mahindra Group chairman Anand Mahindra has said the company immediately begin work to explore how its factories could make ventilators.
Sensex, NIFTY tank amid Coronavirus crisis
Mumbai/IBNS: The Indian stock market is continuing to bleed as Sensex crashed by over 3,500 points on Monday.
Ola offers coverage of up to Rs 30,000 for driver-partners and their spouses hit by Coronavirus
Kolkata/UNI: Ola, India’s largest mobility platform and one of the world’s largest ride-hailing companies, on Saturday shared that it would cover loss of income for driver-partners and their spouses in case they test positive for COVID-19.