ParleG records unprecedented sales during the lockdown period; Twitter applauds with #BharatKaApnaBiscuit

Mumbai/IBNS: Parle G, the biscuit brand which has been a favourite of the masses since decades, recorded unprecedented sales during the lockdown period, said a senior company official, according to media reports.

Coronavirus: World Bank confirms deepest recession since World War Two

New York/IBNS: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.

Bharti AXA Life Renewal income rise 17% to Rs 1,359 cr in FY20

New Delhi/IBNS: Bharti AXA Life Insurance today said the company registered 17% growth in its renewal premium to Rs 1,359 core for the year ended March 31, 2020, against Rs 1,164 crore in the last financial year 2018-19.

India's foreign exchange reserves soar amid Covid-19 pandemic

Mumbai/IBNS: At a time when India is facing a fresh economic challenge triggered by coronavirus pandemic, the Reserve Bank of India said country's foreign exchange reserve has increased by USD 3.43 billion to a new all-time high of $493.48 billion for the week ended May 29 following handsome accumulation of the core currency assets.

COVID-19 fallout to cost US economy 7.9 tln USD over next decade: CBO

Washington/Xinhua/UNI: Fallout from the COVID-19 pandemic will shrink the size of the U.S. economy by 7.9 trillion U.S. dollars over the next decade, according to new projections released by the Congressional Budget Office (CBO) on Monday.

ODWEN solves the last-mile delivery problem amid Covid-19 pandemic

New Delhi/IBNS:  Techstars Bangalore Class of 2020 start up ODWEN brought in a much-needed technology solution to create an integrated warehousing platform amid the Covid-19 pandemic.

Bengal Chamber organises webinar #RESETINDIA2020 to discuss business strategies post Covid-19

Kolkata/IBNS: To discuss ways to bounce back and find a way forward in all business sectors post Covid-19, a webinar #RESETINDIA2020 was organized by The Bengal Chamber on Thursday.

Nissan India launches innovative customer centric offers and services

Kolkata/IBNS: Nissan India has introduced new car finance schemes and redefined its pick-up and drop service to empower customers with peace of mind and convenience.

Nirmala Sitharaman starts her third press briefing 

New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman on Friday is addressing her third press conference on providing details about the economic package announced by PM Narendra Modi this week during his national address.

Covid: Uber distributing PPE kits, introducing new safety tech feature, mandatory driver education

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.

Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA

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.

Coronavirus ‘grim reality’: World economy to shrink by 3.2 per cent, new UN report projects

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.

FM Nirmala Sitharaman announces 3 lakh crores collateral-free loans for MSMEs

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.

What to expect from Centre's Rs. 20 lakh crore economic package: Report

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.

Lockdown Impact: IIP for March shrinks by record margin of 16.7%

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.