Stimulus helps Indian firms boost financial health post COVID-19 second wave
Jun 19, 2021, at 01:55 am
New Delhi: Unprecedented stimulus spending seems to be helping in the recovery of the financial health of Indian companies after a deadly second wave of the COVID-19 pandemic, media reports said.
Thomas Cook, SOTC launched a travel scheme among concerns
Jun 17, 2021, at 11:18 pm
Chennai/UNI: With the decline in the second COVID-19 wave and acceleration of vaccine drives, Indians are showing an increasingly positive travel sentiment.
PepsiCo Foundation in partnership with SEEDS India provides oxygen concentrators in Bengal's Howrah
Jun 15, 2021, at 12:16 am
Kolkata/UNI: Continuing with its efforts to fight the Covid-19 pandemic and helping the communities in need, PepsiCo Foundation has announced a series of community relief outreach programs for West Bengal in partnership with Sustainable Environment and Ecological Development Society (SEEDS) India.
GST Council reduces tax on equipment, meds to fight Covid19
Jun 13, 2021, at 04:25 am
New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.
COVID-19 impact: Vehicle sales down by 65 pc in May
Jun 11, 2021, at 09:14 pm
New Delhi/UNI: COVID-19 induced lockdowns and other restrictive measures in various states have led to a sharp decline in domestic automobile sales figure in May 2021, data released by Society of Indian Automobile Manufacturers (SIAM) on Friday showed.
Jun 03, 2021, at 07:37 am
New Delhi / Rourkela/IBNS: Ispat Nidan Kendra – the newly developed state-of-the-art Jumbo COVID Treatment Centre of SAIL, Rourkela Steel Plant (RSP) was inaugurated by Steel Minister Dharmendra Pradhan through virtual mode on Wednesday.
Black Fungus medicine exempted from tax, Centre decides at GST Council meet
May 29, 2021, at 05:27 am
New Delhi/IBNS: Amid the rising cases of Black Fungus, the medicine to treat the disease-Amphotericin B-has been exempted from integrated goods and services tax (IGST), the goods and services tax council decided in a meeting held on Friday after a gap of eight months.
Ambuja Neotia Group and ICICI Lombard jointly open a 58-bed COVID Care Centre in New Town
May 29, 2021, at 01:01 am
Kolkata: Ambuja Neotia and ICICI Lombard jointly announced the opening of ‘Vinod Neotia Covid Care Centre’, a 58-bed first-line COVID care facility in New Town.
Jindal Stainless commits support to families of employees lost to COVID-19
May 29, 2021, at 12:19 am
New Delhi: Aligned to its people-first ethos, Jindal Stainless on Friday announced a policy to extend all-round support to immediate family members of all its employees, including those working in its subsidiaries, who lost their lives to the current pandemic.
Monetary expansion or printing of money: Uday Kotak on ways to revive COVID-19-hit economy
May 27, 2021, at 05:28 pm
Mumbai/New Delhi/IBNS:Kotak Mahindra Bank CEO, Uday Kotak, has proposed a few ways to the central government to carve a path out of the economic downslide caused by COVID-19 pandemic and subsequent lockdown.
Ola completes vaccination for over 50% of its employees and their dependents
May 26, 2021, at 10:13 pm
Kolkata: Ola, a mobility company, on Wednesday announced that it has successfully administered the first dose of vaccinations for over 50 percent of its employees and their dependents.
India's crude oil imports to drop in May as lockdown restrictions hit oil demand: Report
May 26, 2021, at 04:23 pm
New Delhi/IBNS: Indian refiners are likely to reduce crude imports in May amid the second wave of coronavirus infection in contrast to April when refiners met all their import commitments but the the full impact of the crisis will get reflected only in May numbers, according to S&P Global Platts Analytics.
RBI Guv Shaktikanta Das asks pvt banks to strengthen their balance sheets
May 26, 2021, at 04:41 am
Mumbai/IBNS: RBI Governor Shaktikanta Das in a meeting with the MD & CEOs of some private sector banks on Tuesday through video conference asked them to continue focussing on efforts to further strengthen their balance sheets proactively.
COVID: IMF proposes vaccination of 40 per cent of population in all countries by 2021 end
May 22, 2021, at 07:16 pm
New Delhi/IBNS: Amid the devastation of the economy due to COVID-19 pandemic, the International Monetary Fund (IMF) has proposed the vaccination of 40 per cent of the total population in all countries by the end of 2021.
PVR launches care package for employees amid Covid-19
May 21, 2021, at 04:26 pm
Mumbai/IBNS: India's film exhibitor PVR Ltd has launched a care package to help its employees tide over the second wave of Covid-19 pandemic.
India's power consumption rose 19 pc in first fortnight of May compared to 2020
May 17, 2021, at 01:55 am
New Delhi/IBNS: India's power consumption rose by nearly 19 per cent in the first fortnight of May to 51.67 billion units (BU) compared to the same period previous year, reflecting recovery in industrial and commercial demand of electricity, power ministry data showed.
Reliance Jio announces 2 initiatives for pandemic period
May 14, 2021, at 07:46 pm
Mumbai/UNI: Mukesh Ambani-led Jio has announced two special initiatives for the pandemic period.
Honda India earmarks Rs 6.5 cr for COVID-19 relief measures
May 10, 2021, at 07:29 pm
New Delhi/UNI: Honda India Foundation on Monday announced to earmark a sum of Rs 6.5 cr towards COVID-19 support and relief measures.
May 10, 2021, at 06:06 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman has emphasised that a minimum 5 per cent tax on vaccines and 12 per cent tax on medicines and oxygen concentrators is necessary to keep their prices low while replying to West Bengal Chief Minister.
Revised Indian proposal on patent waiver at WTO to access Covid-19 medicine later this month
May 06, 2021, at 08:38 pm
New Delhi/UNI: The World Trade Organization will consider in the second half of this month a revised text of the proposal India and South Africa are going to submit for a temporary waiver of certain patent-related obligations to access essential COVID-19 medicines and medical equipment.
Covid-19: Govt slashes IGST rate on oxygen concentrator imports for personal use
May 02, 2021, at 06:52 am
New Delhi/IBNS: As India combats Covid-19, the demand for oxygen concentrators and other medical supplies has risen exponentially as the government uses all resources to increase oxygen supply. To ease this fight, the Union Finance Ministry Saturday reduced IGST (Integrated Goods and Services Tax) rate for imports of concentrators, an official statement said.
Covid-19 peak likely by mid-May: SBI report
May 01, 2021, at 04:59 am
Mumbai/IBNS: The second wave of coronavirus in India may touch the peak around mid-May, analysts of country's biggest lender State Bank of India (SBI) have predicted.
Covid fallout: Banks cut public business hours in Jammu and Kashmir
Apr 30, 2021, at 03:34 pm
Srinagar: In view of steep rise in the COVID19 cases, the banks operating in J&K have curtailed working hours and staff presence at the branches.
Covid-19: IRDAI asks insurers to settle policyholders' claims on cashless basis
Apr 24, 2021, at 09:17 pm
New Delhi/IBNS: Insurance regulator IRDAI on Friday asked the insurers to settle the claims of policyholders on cashless basis after reports emerged that some hospitals demanded cash payments from Covid-19 patients.
Pandemic boosts digital India, J&K tops list of digitally inclusive states and UTs say study
Apr 13, 2021, at 02:14 am
Mumbai/IBNS: According to a recent study, digital payment transactions in India have gone up by 76 per cent in the January-March period this year compared to what it was in the same period last year.
Supreme Court refuses to interfere in Centre's decision on extension of loan moratorium
Mar 24, 2021, at 05:58 pm
New Delhi/IBNS: The Supreme Court has refused to extend the six-month loan moratorium period given by the Reserve Bank of India (RBI), saying it cannot interfere in the 'policy decision' of the Centre and the RBI.
Feb 01, 2021, at 07:38 pm
New Delhi/IBNS: Amid the pandemic and riding on the call for a self-reliant (Atmanirbhar) India, Union Finance Minister Nirmala Sitharaman presented a budget with substantial focus on healthcare and vaccine, while exempting pensioners above 75 years from filing Income Tax, keeping the personal IT unchanged and announcing infrastructural funds for poll-bound states Tamil Nadu, West Bengal, Kerala and Assam.
COVID’s led to ‘massive’ income and productivity losses, UN labour estimates show
Jan 26, 2021, at 03:14 pm
New York: Job losses or reduced working hours due to the impact of the COVID-19 pandemic cost the world the equivalent of 255 million jobs in 2020, the UN International Labour Organization (ILO) said on Monday, noting that the “massive impact” was nearly four times the number lost during the 2009 global financial crisis.
Covid-19 vaccines approval spikes Sensex to new high
Jan 04, 2021, at 10:38 pm
Mumbai/UNI: The benchmark Sensex rallied 307.82 points on Monday and closed at an all time high 48,176.80 as the investors' sentiments were lifted over emergency approval of two Covid-19 vaccines in India.
Google extends 'work from home' to September, CEO Sundar Pichai tells employees in email
Dec 19, 2020, at 05:36 am
Oakland (California)/IBNS: Google has extended the period of work from home for its employees by a few more months to September 2021 as the Covid-19 pandemic is far from subsiding and the anti-coronavirus vaccine is yet to hit the shelves.