The future of top regional budget carrier AirAsia is in “significant doubt” after the collapse in travel demand caused by coronavirus, its auditor warned, sending…
Posts published in “Business”
Bank employees wear masks as a precautionary measure following the coronavirus pandemic. (PTI/File) The Department of Financial Services in a letter to chief secretary of…
India on Wednesday again imposed definitive anti-dumping duty on certain types of measuring tapes from China for five years to guard domestic manufacturers from cheap…
Berkshire Hathaway Chairman Warren Buffett. REUTERS/Scott Morgan/Files In a statement on Wednesday, Berkshire said Buffett’s 15th annual donation comprised 15.97 million Class B shares of…
” class=”ff-og-image-inserted”> E-commerce companies in India like Amazon.com’s local unit and Walmart’s Flipkart have begun to update their back-end systems to allow sellers to identify…
FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. REUTERS/Yuri…
The logo of Yes Bank is pictured on the facade of its headquarters in Mumbai, India January 17, 2018. REUTERS/Danish Siddiqui/Files In March this year,…
The government on Wednesday approved setting up an agriculture infrastructure fund with a corpus of Rs 1 lakh crore to provide financial support to entrepreneurs,…
Italy is considering whether to exclude Chinese telecoms equipment maker Huawei Technologies from building its 5G network, La Repubblica reported, without citing sources. Despite pressure…
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File photo of liquor baron Vijay Mallya. Mallya’s legal team, led by barrister Philip Marshall, countered that the banks were secured creditors and that the…
India needs a calibrated approach to reduce imports from China as the neighbouring country has slowly and steadily built a solid base in both high…
Union Minister Prakash Javadekar addresses the Cabinet briefing in Delhi on Monday. (ANI Image) The National Insurance Company, Oriental Insurance Company and United Insurance Company…
Snapping its five-day rising streak, equity benchmark Sensex closed 346 points lower after a highly volatile session on Wednesday, dragged by losses in index heavyweights…
File photo of Rishi Sunak. A $2.5 billion Kickstart Scheme will enable employers to offer six-month work placements to unemployed young people aged 16-24, using…
Gold held steady near a more than eight-year high on Wednesday, with investors hitting pause on a rally fuelled by a surge in coronavirus cases…
The benchmark indices were trading in range on Wednesday tracking mixed trade in Asian peers as the continued surge in coronavirus cases weighed on the…
Image for representation. (Image : Reuters) The rupee was at 74.98 to the dollar on Wednesday and is down 4.74% so far this year, making…
Representative Image. (Image: Reuters) Forex traders said steady crude oil prices and foreign fund inflows supported the rupee, while factors like strong dollar, muted domestic…
Multinational pharmaceutical company Cipla will launch its version of Covid-19 drug Remdesivir in the next 1-2 days, and begin supplying it to the market. In…
Image for representation. The deadline to meet these norms is different for different power plants but all plants are supposed to comply with rules by…
Bajaj auto’s Waluj plant employees in Aurangabad will have their salaries reduced by around 50 per cent during the nine-day lockdown duet to coronavirus starting…
File photo of Union Finance Minister Nirmala Sitharaman. The combined capital expenditure (capex) target of these 23 Central Public Sector Enterprises (CPSEs) for the year…
The income tax (I-T) department has notified tax exemption on interest, dividend and capital gain incomes of sovereign wealth funds (SWFs) and global pension funds…
Image for representation. REUTERS/Amit Dave The Federation of All India Vyapar Mandal (FAIVM) said although they support stopping the import of Chinese goods for creating…
Aatmanirbhar Bharat Will Accelerate Path to 5 Trillion Dollar Economy, Says Veteran Banker KV Kamath
Veteran banker and former head of New Development Bank KV Kamath. (Photo: Getty Images) Kamath said that the goal of making a self-reliant India should…
Veteran banker and former head of New Development Bank KV Kamath. (Photo: Getty Images) Former NDB chief highlighted that the rural economy has been the…
Kundapur Vaman Kamath knows his numbers. One of India’s most respected bankers, he sat down with Network 18’s Editor-in-Chief Rahul Joshi to decode the hard…
File photo of NITI Aayog CEO Amitabh Kant. Kant further said the Covid-19 pandemic is a massive challenge not merely for India but for the…
HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/Files The bank last month…
A woman cleans a bronze statue of a bull outside the Bombay Stock Exchange (BSE) in Mumbai, India, Friday, June 12, 2020. (AP Photo/Rafiq Maqbool)…
Veteran banker and former head of New Development Bank KV Kamath. (Photo: Getty Images) Kamath said the steps taken by the government have worked well…
Veteran banker and former head of New Development Bank KV Kamath. (Photo: Getty Images) In an exclusive interview with Network18, the veteran banker said that…
Domestic stock market equity indices, Sensex and Nifty gave up opening gains and was volatile on Tuesday dragged by selling in metals, PSU banks, auto…
Veteran banker and former head of New Development Bank KV Kamath. (Photo: Getty Images) Speaking on the coronavirus pandemic and its impact, Kamath said that…
Veteran banker and former head of New Development Bank KV Kamath. (Photo: Getty Images) Kamath said he wants to spend more time with his family…
Image for representation. (Reuters) India on Monday overtook Russia to record the world’s third-highest number of COVID-19 cases, while US coronavirus deaths crossed 130,000. Reuters…
The BSE building in Mumbai. (Reuters) Infosys was the top gainer in the Sensex pack, advancing around 3 per cent, followed by Bajaj Finance, Bajaj…
Shriram Transport Finance Company (STFC) on Monday said the company’s securities issuance committee has given its go-ahead to rights issue of equity shares to the…
Image for representation only (File Photo: Reuters) Last week India banned 59, mostly Chinese, mobile apps including Bytedance’s TikTok and Tencent’s WeChat, in its strongest…
TikTok said it will exit the Hong Kong market within days, Reuters report said quoting a spokesman of the company as saying on late Monday. The…
File Photo of Punjab National Bank (Image: Reuters) Of the sanctioned amount, the lender has already disbursed Rs 2,595 crore of loans in 79,029 accounts…
File photo of Reliance Industries Ltd. RIL’s partly paid-up shares crossed Rs 40,000 crore in market cap, thereby taking the aggregate market capitalisation of RIL…
Image for representative purpose only. (Photo: Reuters/Amit Dave/Files) The drop in imports assumes significance in the wake of government mandating state-owned Coal India Ltd (CIL)…
A file photo of the ministry of finance, New Delhi. The said merger was one of the recommendations of the Tax Administration Reforms Commission (TARC),…
The BSE building in Mumbai. (Reuters) Mahindra and Mahindra was the top gainer in the Sensex pack, advancing over 7 per cent, followed by Bajaj…
Image for representation. The SBM Bank India customers will be able to make real-time domestic business-to-consumer transfers quickly and efficiently using ‘Mastercard Send’, the statement…
Image for representation. (Reuters) Crisil, however, said that the marginal impact will be over and above the up to 2.50 per cent decline in IT…
FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. REUTERS/Hannibal Hanschke/File Photo Britain granted Huawei…
File photo of Reliance Industries Ltd. Shares of Reliance Industries on Friday rose by nearly 2 per cent after announcement that Intel Capital will buy…
The domestic benchmark indices rose over one per cent each on Monday, mirroring similar gains in their Asian peers. S&P BSE Sensex gained 272 points…
Image for representation only. Forex traders said positive equities, steady crude oil prices, foreign fund inflows and weak US currency supported the local unit. PTI…
Japan’s Fujitsu Ltd said on Monday it would halve its office space in three years as it rewrites the way employees work under a “new…
The BSE building in Mumbai. (Reuters) IndusInd Bank was the top gainer in the Sensex pack, advancing around 4 per cent, followed by HDFC Bank,…
Representative image. (Reuters) Sovereign Gold Bond scheme | A person or organisation can invest in a minimum amount of one gram of gold. The bonds…
Image for Representation. (File Photo: Reuters) Most markets had gained ground last week as a raft of economic data from June beat expectations, though the…
Yes Bank will auction properties of Thapar Group’s Avantha Holdings and Oscar Investments Ltd of Singh brothers alongside those of some individuals later this month…
Trader’s body CAIT on Sunday urged the government to not allow Chinese firms Huawei and ZTE to participate in 5G network rollout in India, raising…
Promoters of stressed companies will get more flexibility in attracting investors and the process of determining the right price for assets would get easier following…
File photo of ASSOCHAM India These items include electronics, coal, iron-steel, non-ferrous metals and vegetable oils, among others. A data-based analysis shows the electronics goods…
Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) plans to increase its network of aviation fuel stations by 50 per cent as it looks to capture…
Image for representation. (Credit : Reuters). DHFL promoters Kapil and Dheeraj Wadhawan, under arrest, are facing probe from Enfrocement Directorate and the Central Bureau of…
Last week, I received an email from my children’s principal, sharing some of the first details about plans to reopen New York City schools this…
The UK is all to end the use of Huawei technology in its 5G network as soon as this year because of security concerns, according…
The income tax department has brought in changes to the challan for paying the equalisation levy by expanding its scope to include non-resident e-commerce players…
FILE PHOTO: Ben van Beurden, Chief Executive Officer of Royal Dutch Shell, attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia May…
Representative image: Reuters Five trade unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India (CIL) have been on strike since Thursday to protest against…
File photo of Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee. According to data released by the CMIE on Wednesday, the country’s unemployment rate fell…
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files…
For representation: A railway police official makes an announcement on a loudspeaker telling commuters to stand inside the designated circles to maintain social distancing as…
Image for Representation (IANS) A statement issued by state-owned Cyprus Telecommunications Authority said that authorities are “greatly troubled” over the overnight arson attacks against .…
Union Railway Minister Piyush Goyal (PTI Photo/File) Most of the markets abroad have not been able to make such a ‘remarkable’ comeback, he said, adding…
Image for representation. (Reuters) India’s twelve state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million…
The states’ combined market borrowings as state development loans have doubled to Rs 1.7 lakh crore during the first quarter of current fiscal, on account…
The DPIIT is likely to hold its second meeting on July 8 with e-commerce companies on the issues of mentioning ‘country of origin’ on each…
Trade between India-Bangladesh, which were suspended on March 23 in view of Covid-19 pandemic, have been restarted recently. The West Bengal government is demanding that…
Image for representation (Reuters) In order to protect government revenue, six immoveable properties and 14 bank accounts have been provisionally attached as part of the…
The probe into alleged Rs 512.52 crore fraud at Karnala Nagari Sahakari Bank has been transferred to the Maharashtra Criminal Investigation Department (CID-Crime), Navi Mumbai…
Image for representation. Outstanding loans rose 16.79 billion rupees ($224.95 million) to 102.45 trillion rupees in the two weeks to June 19. Reuters Bengaluru Last…
A security guard’s reflection is seen next to the logo of the Reserve Bank Of India (RBI) at the RBI headquarters in Mumbai, India, June…
Representative Image. (PTI) The Central Board of Indirect Taxes and Customs (CBIC) has notified that there will be nil late fees if there is no…
After falling in the previous week, the country’s foreign exchange reserves rose $1.27 billion to $506.84 billion in the week ended June 26, according to…
Image for representation only. The goods being exported through these consignments under probe by the customs preventive officials were mainly ready-made garments and automobile parts.…
File photo: A scale model of an Airbus OneWeb satellite and its solar panel are pictured as Airbus announces annual results in Blagnac, near Toulouse,…
Rising for the third straight session, equity benchmark Sensex jumped 178 points on Friday, tracking gains in Reliance Industries, Bharti Airtel and TCS amid buoyancy…
Image for representation. These refunds have been directly deposited into the bank accounts of the taxpayers and no taxpayer had to approach the Department to…
Reliance Jio and its platforms On the NSE, the stock advanced 1.40 per cent to Rs 1,785. Electronic chip maker Intel’s investment arm, Intel Capital,…
FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree…
Wondering why the central bank should be answerable to a court on the basic principles of financial sector, eminent banker Deepak Parekh has said the…
File photo of Indian rupee.(Reuters) Forex traders said investors were bullish on emerging market assets following encouraging vaccine test results. Moreover, positive domestic equities, steady…
File photo of the Bombay Stock Exchange building in Mumbai. (Reuters) Bajaj Auto was the top gainer in the Sensex pack, advancing around 2 per…
File photo of US Flag (Reuters) The United States and China have been at loggerheads for months over the handling of the coronavirus pandemic and…
A woman checks her mobile phone as she walks past a mobile store of Reliance Industries’ Jio telecoms unit, in Mumbai. (Reuters) With this investment,…
Representational image. (Image source: Reuters) The document also says Zhao helped his girlfriend secure a high-paying job with a livestreaming company, and accepted gifts from…
Chhatrapati Shivaji International Airport in Mumbai. (Image: Reuters) The statement came after the registration of a case against Venkata Krishna Reddy Gunupati, the chairman of…
File photo of CBI headquarters in New Delhi. (PTI) The Central Bureau of Investigation (CBI) has alleged that heavy transactions were made by the company…
Vedanta office building in Mumbai. (Image: Reuters/File photo) Vedanta will be excluded from Nifty 500, Nifty 200, Nifty 100 and Nifty LargeMidcap 250 indices. SBI…
Bank credit and deposits grew 6.18 per cent and 11 per cent to Rs 102.45 lakh crore and Rs 138.67 lakh crore, respectively, in the…
Payments on Unified Payments Interface (UPI) in June hit an all-time high of 1.34 billion in terms of volume with transactions worth nearly Rs 2.62…
India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, according to government data.…
File photo of the logo of JSW. (Reuters) The $14-billion JSW Group, owned by Parth’s father Sajjan Jindal, has presence in core sectors of steel,…
Equity benchmark BSE Sensex rallied 429 points on Thursday on widespread buying amid a broad upmove in global markets following encouraging COVID-19 vaccine trials. After…
Care Ratings on Thursday revised India’s GDP growth forecast for the current financial year to (-) 6.4 per cent as economic activity continues to be…
File photo of Union Minister Nitin Gadkari. (PTI) Emphasising that at this juncture FDI is the need of the hour, the senior minister said such…
India needs foreign direct investments worth Rs 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as…
Amazon founder Jeff Bezos’s net worth zoomed to $171.6 billion on Wednesday after the company’s stocks surged 4.4 per cent. The Amazon founder’s ex-wife Mackenzie…
Image for Representation (Source: Reuters) More than 150 Foxconn shipments – containing smartphone and electronic parts – were stuck at the port of Chennai, though…
Senior Congress leader Ahmed Patel at Parliament House. (Image: PTI) A three-member team of the central agency along with a few other officials reached Patel’s…
Representative photo. Photo: UPI logo Online payments slowly gathered pace from May, with staggered opening of the economy. In May, the number of UPI transactions…
Rupee Rises 10 Paise to 75.50 Against Dollar in Early Trade Tracking Gains in Domestic Equity Market
Rupee Rises 10 Paise to 75.50 Against Dollar in Early Trade Tracking Gains in Domestic Equity Market
The rupee appreciated 10 paise to 75.50 against the US dollar in early trade on Thursday tracking weakness in the greenback and gains in the…
Tesla on Wednesday became the world’s richest car company after its shares witnessed record highs and the market capitalization overtook that of former numero uno…
The dollar’s dominance will slowly melt away over the coming year on weakening global demand and a sombre US economic outlook, according to a Reuters…
The All India Radio headquarters in the capital. (File picture) This is the first time India’s public service broadcaster has got its own recruitment board…
Representative Image. (Image: Reuters) The production in the first three months of 2020-21 dropped to 121.01 MT from 136.94 MT of coal produced in the…
Image for representation. The tender for 800 such cameras was floated by Railway PSU RailTel last month for the AI-based surveillance cameras that measure body…
Picture for representation. (Getty Images) With GSTN already allowing SMS-based filing of sales return GSTR-3B for nil filers and late fees for such filers also…
Image used for representation. The $ 750 million support is in addition to the $ 2 billion funding that the World Bank has already announced…
File photo: A scale model of an Airbus OneWeb satellite and its solar panel are pictured as Airbus announces annual results in Blagnac, near Toulouse,…
The government has approved a scheme under which the eligible non-bank lenders will be provided short-term liquidity through a special purpose vehicle (SPV) set up…
Capital markets regulator Sebi on Wednesday said stamp duty is not applicable on redemption of mutual fund units but switching in mutual fund would attract…
DHL Temporarily Suspends Chinese Import Shipments to India as Border Tensions Cause Clearance Delays
DHL logo is seen in front of displayed COVID-19 in this illustration taken March 19, 2020. (Image: REUTERS) There have been growing calls from India…
The BSNL tender was worth around Rs 7,000-8,000 crore. Nearly 75 per cent of the telecom equipment is sourced from and provided by two major…
File photo of the Bombay Stock Exchange building in Mumbai. (Reuters) Axis Bank was the top gainer in the Sensex pack, soaring over 6 per…
FILE PHOTO: Gold bars and coins are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, August 14,…
DHL logo is seen in front of displayed coronavirus disease (COVID-19) in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration Another prominent freight transporter FedEx…
Tesla investors are being urged to vote to remove Elon Musk, the electric vehicle company’s founder and chief executive, from the board of the firm.…
Image for representation. (Network18 Creatives) The government had allowed a relaxed time schedule for filing of Goods and Services Tax (GST) returns. Returns of the…
Vodafone Idea, the country’s third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 –…
A worker displays a face mask before packing it inside a factory on the outskirts of Ahmedabad, February 3, 2020. REUTERS/Amit Dave/Files The virus has…
People walk past a new brand identity for Nifty Indices inside the National Stock Exchange (NSE) building in Mumbai, India. (Reuters) ITC was the top…
For representation. (News18) Aviation turbine fuel (ATF) price was hiked by Rs 2,922.94 per kilolitre (kl), or 7.48 per cent, to Rs 41,992.81 per kl…
An employee works at a factory of Renesas Semiconductor Co. during a government organised tour of the facility following the outbreak of the coronavirus disease…
The finance ministry on Tuesday said states will collect stamp duty at uniform rate on transactions of shares, debentures and other securities from July 1.…
FILE PHOTO: A man works at a construction site, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease…
The Reserve Bank of India has launched the inflation expectations survey of households and responses of the participants will be gathered over telephone in view…
Image for representation. The sale still needs to be approved by JSPL’s shareholders and lenders as well as India’s markets regulator, but JSPL said in…
Image for representation. Overall, net claims of non-residents on India declined by $57.6 billion during the year, the Reserve Bank of India said. PTI Last…
In a first, India’s biggest LNG importer Petronet on Tuesday said it is close to signing a long-term LNG deal benchmarked to daily or spot…
Image for representation. (Reuters) The Pharmaceuticals Export Promotion Council has said it is flooded with distress calls from its member companies over acute disruption in…
FILE – In this Oct. 14, 2019, file photo a Bank of America logo is attached to the exterior of the Bank of America Financial…
File Photo of Union Minister Dharmendra Pradhan. The proposed BAT would be imposed on imported goods in addition to customs duty to bring the imported…
Representative image. REUTERS/Johannes P. Christo/Files Recently, the International Monetary Fund (IMF) in its report projected the Indian economy to contract by -4.5 per cent in…
The government’s total liabilities increased 0.8 per cent to Rs 94.62 lakh crore at March-end 2020 as compared to the preceding quarter, a finance ministry…
Representative image (Reuters) For the fiscal year 2019-20, the current account deficit narrowed to 0.9 per cent of the GDP compared to 2.1 per cent…
Image for representative purposes only. The government had last year legalised unauthorised colonies in the national capital, giving house owners legal property rights. PTI New…
Fitch Ratings on Tuesday cut India’s growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It, however, retained…
File photo of Oil and Natural Gas Corp’s (ONGC) logo. (Image : Reuters) India’s top oil and gas producer reported a Rs 3,098 crore loss…
Image for representation. Barring fertiliser, all seven sectors – coal, crude oil, natural gas, refinery products, steel, cement, and electricity – had recorded negative growth…
Representative Image (Reuters). Net tax receipts during April-May period were 338.5 billion rupees ($4.48 billion), while total expenditure was 5.12 trillion rupees, the data showed,…
Image for Representation. The traders’ body further said that the Chinese firms that may have set up manufacturing plants in India should also be investigated…
[unable to retrieve full-text content]The US-based rating agency expects non-performing loans in Indian banks will hit a fresh high, raising credit costs, and putting pressure…
” class=”ff-og-image-inserted”> Amazon.com Inc said it would spend $500 million on one-time bonuses to its frontline employees and partners working through the coronavirus crisis. Employees…
The United States is targeting China’s largest maker of security-screening equipment, Nuctech Co, saying its expanding presence in Europe is a threat to Western security…
Representative Image (Reuters). Traders expect the benchmark bond yield to remain in a tight 5.83% to 5.93% range in the near term in the absence…
The rupee appreciated 13 paise to 75.45 against the US dollar in early trade on Tuesday tracking weakness in the greenback and gains in the…
FILE PHOTO: A security guard wearing a face mask stands near the Bund Financial Bull statue and a display showing an image of a medical…
File photo of the Bombay Stock Exchange building in Mumbai. (Reuters) The 30-share index was trading 211.55 points, or 0.61 per cent, higher at 35,173.07,…
Just a few hours after the Government of India issued an order banning as many as 59 Chinese owned smartphone apps in the country, TikTok…
Image used for Representation. Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a 5.6%…
The Food Corporation of India (FCI) has 816.60 lakh tonnes of foodgrains in its buffer stocks to meet the requirements under the food law and…
Image for representation. REUTERS/Amit Dave The apps that now stand banned in India, across the Google Android ecosystem and the Apple iPhone as well as…
Former RBI deputy governor Rama Subramaniam Gandhi on Monday said the central bank needs to relook at rules restricting large corporates from promoting banks and…
India has been holding up better in hiring than other economies as the COVID-19 pandemic has caused disruptions across the globe with reports of layoffs,…
Baba Ramdev’s Patanjali Group acquired Ruchi Soya industries last year in a bankruptcy sale. In terms of market-cap, Ruchi Soya is now bigger than several…
Baba Ramdev’s Patanjali Group acquired Ruchi Soya industries last year in a bankruptcy sale. In terms of market-cap, Ruchi Soya is now bigger than several…
FILE PHOTO: A woman wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the…
Yes Bank will next month auction properties of Essel group firm Essel Infraprojects and SKIL Infra to recover dues of Rs 1,368.16 crore. The private…
FILE PHOTO: A worker cuts iron rods outside a workshop at an iron and steel market in an industrial area in New Delhi, India, December…
Representative image (Reuters) Further, geopolitical tensions like India-China border issue and US-China trade differences also kept participants on edge, traders said. PTI Last Updated: June…
File photo of the Securities and Exchange Board of India (SEBI) headquarters in Mumbai, India. (Photo: Reuters) To provide ‘data lake’ solution, the markets regulator…
Gross State Domestic Product Likely to Contract Up To 14.3% In FY21 Due to Covid-19 Lockdown: Report
For representation: A child sits on luggage at a platform as he waits to board a train at a railway station after a few restrictions…
At the start of the year, US-China tensions were easing after their Phase I trade deal, while Washington, Brussels and Tokyo agreed on new global…
Representative Image. (Reuters) They also warned that banks will start reporting higher non-performing assets (NPAs) after September, once the six-month moratorium on loan repayment ends.…
Shares of Axis Bank on Monday declined over 5 per cent after S&P Global Ratings lowered its ratings of the lender due to increased economic…
Representative Image.(Reuters) Forex traders said weak domestic equities, foreign fund outflows and rising COVID-19 cases weighed on investor sentiments. However, weak American dollar supported the…
Image for representation. (Image: Reuters) In Delhi, a litre of petrol now comes for Rs 80.43 per litre as compared to Rs 80.38 earlier. Diesel…
File photo of the Bombay Stock Exchange building in Mumbai. (Reuters) The 30-share index was trading 323.91 points, or 0.92 per cent, lower at 34,847.36,…
Firms in China brought in half of the equity capital raised globally this year so far, setting a record that highlights the economy’s earlier revival…
Organizers of a Facebook Inc advertising boycott campaign that has drawn support from a list of major companies are now preparing to take the battle…
Workers at six Amazon sites in Germany will go on strike on Monday in protest over safety after some staff at logistics centres tested positive…
A crude oil pump jack in the Permian Basin in Loving County, Texas in USA. REUTERS/Angus Mordant Brent crude is set to end June with…
[unable to retrieve full-text content]The PBOC said it would continue to guide lending rates lower by exploiting the full potential of reforms and would strengthen…
Engineering companies involved in developing various infrastructure projects of MMRDA in the megapolis are bringing back migrant labourers, who had fled the city amid coronavirus…
Image for representation. (Network18 Creatives) Any shortfall in the procurement would be subject to GST to be paid by developers at the rate of 18…
A file photo of the Bombay Stock Exchange (BSE). The market valuation of Infosys jumped Rs 18,104.7 crore to reach Rs 3,18,648.65 crore and that…
Image for Representation. (Reuters) In the national capital, petrol price was unchanged at Rs 80.38 per litre on Sunday. Cost of diesel also was the…
Pilots and test crew members from the US Federal Aviation Administration and Boeing Co aim to kick off a certification test campaign for the 737 MAX…
Workers wearing face masks following the coronavirus disease (COVID-19) outbreak load steel products for export to a cargo ship at a port in Lianyungang, Jiangsu…
A group of Zomato food delivery platform employees in Kolkata tore and burnt their official T-shirts on Saturday in protest against the killing of 20…
File Photo of Punjab National Bank (Image: Reuters) The bank reiterated its commitment towards the MSME sector, which has been the engine of economic growth…
The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers. The Central Board of Direct…
File photo of Uday Kotak. The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister…
The government has decided to launch Floating Rate Savings Bonds 2020 (Taxable) from July 1, giving an opportunity to invest in secured government instruments. The…
A joint move by SEBI and RBI for liquidity window to the mutual funds has helped induce confidence in the system, though not much demand…
File photo of Union minister Nitin Gadkari. (PTI) Stressing that PPE has export potential, he said that people are getting orders for PPE kits from…
State Bank of India (SBI) Chairman Rajnish Kumar. (Image: Reuters) The portal called Bharat Craft would be jointly run by the bank and the government.…
File photo of Infosys (Image Credits: Reuters) Nilekani exuded confidence that the company would overcome the global crisis by combining the scale, brand and relationships…
Amid the ongoing economic woes created by the coronavirus pandemic, the Reserve Bank has decided to extend the enhanced borrowing facility provided to the banks…
Representative Image. (Reuters) On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addressed MSME customers and employees across the…
File image of Tamil Nadu Chief Minister Edappadi K Palaniswami (PTI Photo) Palaniswami, after chairing official meetings to review anti-COVID-19 measures and other projects said…