Jun 10, 2020, at 06:59 pm
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
Jun 09, 2020, at 09:08 am
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
Jun 08, 2020, at 06:54 pm
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
Jun 05, 2020, at 10:03 pm
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
Jun 02, 2020, at 09:40 am
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
May 22, 2020, at 02:07 pm
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
May 17, 2020, at 12:11 am
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
May 15, 2020, at 10:29 pm
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 briefingÂ
May 15, 2020, at 04:18 pm
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
May 14, 2020, at 09:42 pm
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
May 14, 2020, at 05:11 pm
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
May 14, 2020, at 03:49 pm
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
May 13, 2020, at 05:34 pm
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
May 13, 2020, at 03:25 pm
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%
May 12, 2020, at 10:43 pm
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 lockdown measures will worsen poverty, vulnerabilities among informal economy workers: ILO
May 09, 2020, at 12:19 pm
Geneva/IBNS: COVID-19 lockdown and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points in low-income countries, says a new briefing paper issued by the International Labour Organization.
COVID-19 economic impact: CII bats for an immediate stimulus package of Rs 15 lakh crore
May 09, 2020, at 10:04 am
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.
May 07, 2020, at 07:22 pm
Jaipur/IBNS: ICICI Bank, one of India's key private lenders, collaborated with Rajasthan government to provide protective equipment to district administrations, municipal corporations, hospitals and police departments working to combat the pandemic.
Covid-19: Time to relook your Investment portfolio
May 06, 2020, at 08:17 pm
Had anyone thought of this? Clean air, cleaner water, Himalayas seen from as far as 300 kms, drop in crime rate, spending time with our family, reading all the books which were stacked and what not… but all these heavenly things at what cost ?
May 06, 2020, at 01:37 pm
Kolkata/IBNS: Uber has offered free rides worth Rs. 75 lakhs to the West Bengal government for emergency services through its UberMedic service, which will transport frontline healthcare workers, government officials on COVID-19 related duties, and support other essential requirements.
Covid-19: Ola launches ‘10 Steps to a Safer Ride’ for driver-partners and customers
May 04, 2020, at 05:02 pm
New Delhi/IBNS: With the Ministry of Home Affairs (MHA) easing restrictions in select zones across the country, Ola, India’s leading mobility platform and one of the world’s largest ride-hailing companies, today launched a new safety initiative, ‘10 Steps to a Safer Ride’ as operations resume in over 100 cities which are in green and orange zones.
Coronavirus Outbreak In India: Apex body of amusement parks demands special package
May 03, 2020, at 05:54 pm
Mysuru/UNI: Indian Association of Amusement Parks and Industries (IAAPI), an apex body representing the interests of Amusement Parks, Theme Parks, Water Parks and Indoor Amusement Centre in India, which has been facing crisis due to cronavirus, sought an urgent stimulus package for Amusement Industry to bail out from the situation.
UP government incurs huge financial loss in beginning of FY2020-21 due to lockdown
May 02, 2020, at 11:35 am
Lucknow/UNI: Uttar Pradesh Finance Minister Suresh Khanna on Saturday said that the state has faced huge revenue losses during the beginning of the Financial Year 2020-21.
Strides annonces that it commenced export of Favipiravir Antiviral Tablets developed by it
May 01, 2020, at 02:55 pm
Kolkata/IBNS: Strides Pharma Science Limited (Strides), a global pharmaceutical company, has announced that it has developed and commercialized Favipiravir Antiviral tablets.
May 01, 2020, at 02:39 pm
Delhi/IBNS: Famous footwear brand, Bata Group recently said that has donated one million pairs of shoes to health care workers, volunteers and their families, the front-liners fighting the Covid-19.
COVID-19: British Airways to cut up to 12,000 jobs
Apr 29, 2020, at 10:51 am
London/IBNS: With COVID-19 outbreak hitting the aviation industry hard, the British Airways on Tuesday announced it is set to slash up to 12,000 jobs from its 42,000-strong workforce.
Apr 28, 2020, at 10:23 pm
Kolkata/IBNS: A global recovery is essential now in the light of the havoc being wrought by the Covid-19 pandemic on people's lives and business, said Deb A Mukherjee, President Designate, The Bengal Chamber of Commerce.
India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response
Apr 28, 2020, at 05:54 pm
New Delhi/IBNS: The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.
Lockdown income-loss forces workers to lay hands on Provident Fund savings
Apr 28, 2020, at 12:07 am
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.
Centre rejects report by IRSÂ officials suggesting Income Tax hike, calls it ill conceived
Apr 27, 2020, at 12:01 am
New Delhi/ IBNS: The Centre has rejected a report prepared by a group of IRS officers that suggested a 40 per cent hike in the income tax rate, a 4 per cent Covid-19 relief cess and imposing a super-rich tax, finance ministry officials have said, reported media.