January 27, 2021 07:28 (IST)
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Additional security forces in Delhi after farmers' protest turns violent | TMC MLA Prabir Ghoshal resigns from party posts after being show caused for his alleged 'anti-party' statements | Farmers' tractor rally turns violent in Delhi, one protester dies | Farmers' tractor rally meets chaos in Delhi border on India's Republic Day | Republic Day: PM Modi pays homage at National War Memorial

India in 'technical recession' as RBI predicts GDP contraction of 8.6% for July-Sept quarter

New Delhi/IBNS: India's central bank on Thursday said the country has likely entered into a technical recession besides predicting a contraction in Gross Domestic Product (GDP) of 8.6% in the July-September quarter, media reports said.

Electric two-wheeler industry on path of recovery: SMEV

Mumbai/UNI:  Electric two-wheeler industry is showing signs of revival, says  Society of Manufacturers of Electric Vehicles.

Petrol, diesel demand nosedives in first half of July: Report

New Delhi/IBNS: State-run oil refineries registered a sharp decline in petrol, diesel sales in the first of half of July as rise in retail prices and renewed coronavirus triggered lockdown in several parts of the country hit demand, said a Reuters report.

Passenger vehicle sales drop by 50 pc in June amid coronavirus lockdown

Mumbai/IBNS: Car and sports utility vehicle (SUV) sales in the country dropped 49.59 per cent last month compared to the same period last year, said Society of Indian Automobile Manufacturers (SIAM) as coronavirus induced lockdown worsened the prevailing weak demand, said a media report.

Housing sales crash 66% in India in Q2 due to COVID: Study

Kolkata/UNI: In a report released by PropEquity, India’s leading real estate data, research and analytics firm, sales or absorption of housing units dropped by 66% across top 9 cities in India in the second quarter of 2020 to 21,294 units versus 62,851 units in Q1 2020.

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.

Tata Sons is not looking to monetise its investments to raise capital: N .Chandrasekaran 

Mumbai/IBNS: Tata Sons chairman N .Chandrasekaran on Friday said the company is not looking to monetise its investments to raise capital.

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.

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.

COVID-19 economic impact: CII bats for an immediate stimulus package of Rs 15 lakh crore

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.

NBFCs meet RBI seeking restructuring of all loans : Report

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.

Lockdown income-loss forces workers to lay hands on Provident Fund savings

Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.

Ascon Infra to start operation in phased manner following selective relaxation of lockdown

Kolkata/IBNS: Ascon Infrastructure India Ltd, a leading infra company of eastern India, announced that the company shall begin operations post relaxation of lockdown from April 20, 2020.

PM move to build on lockdown gains wise; says ASSOCHAM seeking urgent financial help for industry, trade, employees

Kolkata/IBNS: Business body ASSOCHAM on Tuesday fully supported Prime Minister Narendra Modi for extending the nationwide lockdown till May 3 for saving each and every Indian from the unprecedented global pandemic, with a firm conviction that the  government would soon be announcing a large and effective financial package for protecting agriculture, industry , trade with a particular focus on the MSMEs and millions of jobs.