Tuesday, March 31, 2020

RIL contributes Rs 500 crore to PM CARES Fund
Mumbai | Tuesday, 2020 3:45:05 AM IST
Reliance Industries (RIL), here on Monday, announced to contribute Rs 500 crore to the PM CARES Fund to help the fight against the coronavirus pandemic. ... read..

Unacademy acquires online learning platform Kreatryx
Bengaluru | Tuesday, 2020 3:45:05 AM IST
Leading online learning platform Unacademy on Monday announced it has acquired Kreatryx, a popular online preparation platform for Graduate Aptitude Test in Engineering (GATE) and Engineering Services Examination (ESE), in a cash and stock deal. ... read..

Lenders approve Suzlon's resolution plan
Mumbai | Tuesday, 2020 3:45:05 AM IST
Lenders of debt-ridden Suzlon Energy have approved the resolution plan as per the the Reserve Bank of India's June 7, 2019 circular (RBI). ... read..

MCA's new scheme to reduce companies/LLPs' compliance burden
New Delhi | Tuesday, 2020 3:45:05 AM IST
As part of the government's efforts to provide relief to law-abiding companies and Limited Liability Partnerships (LLPs) in the wake of Covid-19, the Ministry of Corporate Affairs, has introduced the "Companies Fresh Start Scheme, 2020" and revised the "L ... read..

JSW Group repays Rs 640 cr loan to release pledged shares
Mumbai | Tuesday, 2020 3:15:06 AM IST
The Sajjan Jindal-led JSW Group on Monday said it has repaid loans worth Rs 640 crore and released pledged shares of JSW Steel and JSW Energy. ... read..

Hand sanitisers to come in Re 1 sachet
Chennai | Tuesday, 2020 3:15:06 AM IST
After shampoo, pickles and other items, the time has come for hand sanitisers in a sachet. ... read..

Airtel extends validity of pre-paid packs for 8 cr customers
New Delhi | Tuesday, 2020 3:15:06 AM IST
Telecom major Bharti Airtel on Monday announced to extend the validity of pre-paid packs of over 8 crore subscribers till April 17, in view of the coronavirus crisis and the resultant nationwide lockdown. ... read..

Isuzu Motors to now launch BS-VI vehicles in FY21's Q2
Chennai | Tuesday, 2020 2:45:07 AM IST
Japanese utility vehicle manufacturer Isuzu Motors India, citing the prevailing Covid-19 pandemic, on Monday said it has realigned its BS-VI emission compliant vehicles to second quarter of fiscal 2020-21. ... read..

Lockdown caused repayment delays not be deemed default: Sebi
Mumbai | Tuesday, 2020 2:45:07 AM IST
Securities market regulator Sebi on Monday eased default recognition guidelines for credit rating agencies in the midst of the nationwide lockdown. ... read..

Sensex tanks 1,375 points to end below 29k, as corona cases surge (Roundup)
Mumbai | Tuesday, 2020 2:45:07 AM IST
Sell-off continued in the Indian stock markets on Monday with the BSE Sensex losing over 1,300 points to settle well below the 29,000-mark. ... read..

Safety instructions for air cargo operations issued
New Delhi | Tuesday, 2020 1:15:05 AM IST
The Centre on Monday issued safety guidelines for air cargo operations amid the outbreak of Covid-19. ... read..

RBI extends Fixed Rate Reverse Repo, MSF window
New Delhi | March 30, 2020 11:41:51 PM IST
The Reserve Bank of India (RBI) on Monday extended the Fixed Rate Reverse Repo and Marginal Standing Facility (MSF) window to provide eligible market participants with greater flexibility in their liquidity management. ... read..

Crude price worsens on Covid-19 concerns, reaches closer to $20 per barrel
New Delhi | Monday, 2020 11:15:05 PM IST
Crude oil prices continued their freefall on Monday with the WTI crude of US falling below the $20 per barrel mark briefly and benchmark Brent crude price touching its 18-year-low on fears that coronavirus-related shutdowns may continue for few more month ... read..

New India Assurance initiates risk coverage for health workers
New Delhi | Monday, 2020 11:15:05 PM IST
Public sector insurance company New India Assurance on Monday announced the commencement of the risk coverage of Rs 50 lakh per healthcare personnel in treating coronavirus positive patients. ... read..

Odisha Assembly passes Appropriation Bill on last day of session
Bhubaneswar | Monday, 2020 10:45:05 PM IST
The Odisha Assembly on MOnday passed the state's Appropriation Bill for fiscal 2020-21 on the concluding day of the Budget session amid the nationwide lockdown. ... read..

Banks branches remain open, ATMs filled up: FM
New Delhi | Monday, 2020 10:15:05 PM IST
Banks are ensuring that their branches remain open and ATMs (automated teller machines) functional with adequate cash amid the nationwide lockdown, according to the Union Finance Minister, here on Monday. ... read..

Ensure paychecks, cash flow to avoid mega financial crisis: Report
New Delhi | Monday, 2020 10:15:05 PM IST
As global recession seems inevitable with demand shock becoming much larger than the initial supply shock, governments must ensure that workers get paychecks and firms receive enough cash flows to avoid bankruptcy, else the present health crisis will turn ... read..

FY21 GDP growth revised downwards to 3.6%: India Ratings
New Delhi | Monday, 2020 9:45:05 PM IST
India Ratings and Research has revised its FY21 gross domestic product (GDP) growth for India down to 3.6% from 5.5%. ... read..

ICICI Lombard, BharatPe plan COVID-19 cover for shopkeepers
New Delhi | Monday, 2020 9:15:05 PM IST
BharatPe has partnered with ICICI Lombard to roll out 'COVID-19 Protection Insurance' for shopkeepers. ... read..

Jefferies Group CFO Peg Broadbent dies of coronavirus complications
New Delhi | Monday, 2020 8:45:05 PM IST
The Chief Financial Officer (CFO) of Jefferies Group, Peg Broadbent, has died of coronvirus complications, a company statement said. ... read..

Gallup International Association (GIA) and impetus research COVID-19 snap poll finds vast, scared majority around the world
| March 30, 2020 8:41:37 PM IST
New Delhi [India], Mar 30 (ANI/ PRNewswire): Over 70% of Indians are worried that they or someone from their family may get infected by coronavirus, according to a snap poll conducted by Gallup International Association and Impetus Research. That's higher ... read..

Marico Innovation Foundation throws open a grand challenge to #Innovate2BeatCOVID; offers grant worth Rs. 2.5 crores
| March 30, 2020 8:41:33 PM IST
Mumbai (Maharashtra) [India], Mar 30 (ANI/ BusinessWire India): In response to the growing seriousness of the Covid-19 pandemic that has engulfed the world and now challenges the Indian healthcare systems and economy alike, the Marico Innovation Foundatio ... read..

How to get into 'working mode' while at home
New Delhi | Monday, 2020 8:15:05 PM IST
If you are struggling to get into the working mode as you stay at home due to the lockdown, some simple tips like maintaining a routine and dressing up in a way as if you were in office may help you increase productivity, suggests a new report. ... read..

Sensex crashes 1,000 points, Nifty below 8,400 (Lead)
Mumbai | Monday, 2020 8:15:05 PM IST
Bear run continued in the Indian stock markets on Monday afternoon with the BSE Sensex falling over 1,000 points. ... read..

Maruti Suzuki extends warranty validity till June 30
New Delhi | Monday, 2020 7:45:05 PM IST
Taking leaf from the government, country's largest automobile company Maruti Suzuki has decided to extend the validity period of warranty and service of customer vehicle falling due during the period of lockdown. ... read..

5 Apps to alleviate social isolation: Netflix Party, Zoom, Kwai, Houseparty and Nike Training Club
| March 30, 2020 7:41:40 PM IST
New Delhi [India], Mar 30 (ANI/ Evoc): The Coronavirus outbreak is deeply affecting our lives; as all of us are now stuck at home, working or not working, to prevent the spread of this virus. Being confined to our homes has inevitably spurred widespread f ... read..

Ind-Ra revises FY21 GDP growth downwards to 3.6 pc
| March 30, 2020 6:41:46 PM IST
Mumbai (Maharashtra) [India], Mar 30 (ANI) India Ratings and Research (Ind-Ra) on Monday revised its new financial year 2020-21 gross domestic product (GDP) growth down to 3.6 per cent from 5.5 per cent. ... read..

Huawei announces the launch of next image awards; leading mobile photography competition
| March 30, 2020 6:41:38 PM IST
New Delhi [India], Mar 30 (ANI/ NewsVoir): Huawei has announced the launch of the fourth edition of its legendary Next Image Awards. Huawei's Next Image Awards is one of the world's best online photography awards that is committed to broaden the horizon o ... read..

L&T supports India's fight against COVID-19
| March 30, 2020 6:41:36 PM IST
Mumbai (Maharashtra) [India], Mar 30 (ANI/ NewsVoir): Larsen & Toubro, India's leading technology, engineering, construction, manufacturing and financial services conglomerate, is committed to participate in corporate India's response to COVID-19 thro ... read..

Huawei rolls out doorstep repair service for its smart watch customers in India
| March 30, 2020 6:41:35 PM IST
New Delhi [India], Mar 30 (ANI/ NewsVoir): Huawei is not only appreciated for high quality products but also for the company's excellent after-sales services for its valued customers. Furthering its commitment to provide the most exceptional customer serv ... read..

IRDAI bans capital gearing treaties with reinsurers
Chennai | Monday, 2020 5:45:05 PM IST
Banning Capital Gearing treaties between primary and reinsurers, Indian insurance regulator has asked the insurers to phase out such treaties already entered with timelines. ... read..

NMDC Ltd contributes Rs 150 crore to help in fight against COVID-19
New Delhi | March 30, 2020 5:41:28 PM IST
Navaratna public sector mining company NMDC Ltd said on Monday it will contribute Rs 150 crore to the PM CARES Fund to help in the fight against COVID-19. ... read..

Steel industry faces inventory build, liquidity issues
New Delhi | Monday, 2020 5:15:05 PM IST
The performance of domestic steel makers is likely to be adversely impacted in Q1 FY2021 as a result of Covid-19 pandemic and the 21-day nationwide lockdown. ... read..

Godrej Locks expands digital locks portfolio with a 100% 'Made in India' digital lock, Spacetek
| March 30, 2020 5:11:40 PM IST
Mumbai (Maharashtra) [India], Mar 30 (ANI/ PRNewswire): As part of its focus on premiumization of locking solutions, Godrej Locks, the 122-year-young leader in the locks segment, launched Spacetek, a new age 100% 'Made in India' digital lock. Spacetek is ... read..

Intas contributes for the global trials against COVID-19
| March 30, 2020 5:11:39 PM IST
Ahmedabad (Gujarat) [India], Mar 30 (ANI/ PRNewswire): Intas Pharmaceuticals Ltd., the largest supplier by volume of generic medicines to the UK NHS, is collaborating on a World Health Organisation endorsed study into the prevention of COVID-19 infection ... read..

No significant impact of COVID-19 on operations: HCL Tech
Noida (Uttar Pradesh) | March 30, 2020 5:11:34 PM IST
HCL Technologies said on Monday that the impact of coronavirus (COVID-19) pandemic on fourth quarter (January to March) results is not expected to be significant. ... read..

Godfrey Phillips India suspends operations in all its plants
Mumbai | Monday, 2020 4:45:05 PM IST
Godfrey Phillips India on Monday said it has suspended the operations in all its plants and factories in view of the nationwide lockdown. ... read..

Sensex falls 1,375 points, Bajaj Finance slips by 12 pc
Mumbai (Maharashtra) | March 30, 2020 4:41:46 PM IST
Equity benchmark indices traded weak on Monday as market mood remained sombre with most investors believing that the stimulus package announced by the government and Reserve Bank of India will have limited effect until the actual impact of coronavirus is ... read..

Bisleri salutes and services packaged drinking water to India's frontline fighters
| March 30, 2020 4:41:44 PM IST
Mumbai (Maharashtra) [India], Mar 30 (ANI/ BusinessWire India): Bisleri, India's most trusted brand salutes the spirit and courage of the frontline fighters who are braving the outbreak to keep the nation going amid the COVID-19 crisis. To acknowledge the ... read..

Equity indices in red, Sensex down 700 points
Mumbai | Monday, 2020 3:45:05 PM IST
Indian stock markets opened on a negative note on Monday with the BSE Sensex trading over 700 points lower. ... read..

Relaxations provided on compliances to be met by units, developers, co-developers of SEZs
New Delhi | March 30, 2020 3:41:40 PM IST
The government on Monday decided to provide suitable relaxations on compliances to be met by units, developers and co-developers of special economic zones (SEZs) due to the countrywide lockdown amid rising cases of coronavirus (COVID-19) epidemic. ... read..

mCaffeine partners with Clinikk to provide free yearlong medical facilities for the employees and their families owing to the current COVID-19 pandemic
| March 30, 2020 3:41:36 PM IST
Mumbai (Maharashtra) [India], Mar 30 (ANI/ Hunk Golden and Media): mCaffeine, India's fastest growing caffeine infused personal care brand has partnered with Clinikk, the healthcare startup to provide free medical facilities for the employees and their f ... read..

Vaibhav Global moves up to rank 132 in Fortune India's Next 500 list
Jaipur (Rajasthan) | March 30, 2020 3:11:49 PM IST
Vaibhav Global Ltd said on Monday it has ranked 132nd in the latest Fortune India's Next 500 list that includes most promising Indian companies outside the Fortune 500. ... read..

Coronavirus-driven lockdown will hurt Indian ABS performance
| March 30, 2020 1:41:45 PM IST
The economic disruption caused by a 21-day lockdown in India will hit the performance of the commercial vehicle and small and midsize enterprise (SME) loans in asset-backed securities (ABS), according to Moody's Investors Service. ... read..

ABB's power grid business announces listing of Indian arm on BSE, NSE
Bengaluru (Karnataka) | March 30, 2020 1:41:28 PM IST
The Indian arm of ABB's power grid business on Monday formally announced its listing on the BSE Ltd and the National Stock Exchange (NSE) of India Ltd as ABB Power Products and Systems India Ltd. ... read..

Making gold metal loan a robust financial product is key to successful GMS: Mehrasons
New Delhi | March 30, 2020 1:11:29 PM IST
Banks must sanction a gold metal loan (GML) in the weight of gold and permit its rollover on paper without importing physical gold, a leading industry expert has said. ... read..

Boost your small business with a working capital loan from Bajaj Finserv
| March 30, 2020 12:11:48 PM IST
Pune (Maharashtra) [India], Mar 30 (ANI/BusinessWire India): Working capital management remains a critical part of an SME's operations, either contributing to growth or causing a slump. ... read..

Embassy Group supports traffic police at the forefront of Covid-19 crisis
| March 30, 2020 12:11:47 PM IST
Bengaluru (Karnataka) [India], Mar 30 (ANI/BusinessWire India) Embassy Group has stepped forward to support the Bengaluru city traffic police, tasked with enforcing the nation-wide lockdown to prevent the spread of Covid-19. ... read..

New-age programs launched under NMIMS Mukesh Patel School of Technology Management & Engineering
| March 30, 2020 12:11:44 PM IST
Mumbai (Maharashtra) [India], Mar 30 (ANI/PRNewswire): As multiple dimensions open up in the world of technology, the need for strong and exclusive academic programs is felt more than before which will create the right class of leaders. ... read..

DLF Foundation aims at inclusive growth for the society
| March 30, 2020 12:11:41 PM IST
Gurugram (Haryana) [India], Mar 30 (ANI/NewsVoir): DLF Foundation, the philanthropic arm of DLF Group has been instrumental in bringing a series of interventions in the areas of education, skill development, talent nurturing, rural infrastructure developm ... read..

Chandigarh University distributes food to neighbouring villages during the nationwide lockdown to fight the global pandemic
| March 30, 2020 12:11:30 PM IST
Mohali (Punjab) [India], Mar 30 (ANI /PRNewswire: Amid 21 days lockdown announced in India, the daily wagers working in factories and construction labour are facing the heat as they are facing challenges to earn and find food for themselves and their fami ... read..

TVS Motor and Group Companies pledge Rs. 25 Crores to PM-CARES to combat COVID-19
| March 30, 2020 12:11:27 PM IST
Chennai (Tamil Nadu) [India], Mar 30 (ANI/ NewsVoir): TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers and its Group Companies TVS Credit Services Ltd., Sundaram-Clayton Ltd., and others today announced their commitment to dona ... read..

Coffee Day gets first tranche of Rs 2,000 crore after disinvestment in GV Techparks
Bengaluru (Karnataka) | March 30, 2020 11:41:30 AM IST
Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha. ... read..

Strides announces successful completion of US FDA inspection at flagship facility
Bengaluru (Karnataka) | March 30, 2020 11:11:38 AM IST
Strides Pharma Science Ltd said on Monday it has received the establishment inspection report (EIR) conducted by the US Food and Drug Administration last month at the company's flagship facility. ... read..

Equity gauges in the red, auto stocks suffer most
Mumbai (Maharashtra) | March 30, 2020 10:41:41 AM IST
Equity benchmark indices traded weak during early hours on Monday in line with Asian peers as fears mounted over the rising cases of coronavirus and economic impact of lockdown in most parts of the world. ... read..

Kotak Mahindra Bank, CEO commit Rs 50 cr to PM-CARES Fund
New Delhi | Monday, 2020 5:15:05 AM IST
Kotak Mahindra Bank and its CEO Uday Kotak have together committed a total of 50 crore to the PM-CARES Fund for the fight against the coronavirus pandemic. ... read..

Business Immunity Platforms gets over 1.75 lakh visitors in a week
New Delhi | Monday, 2020 4:45:05 AM IST
The recently-launched Business Immunity Platform (BIP) has received over 1.75 lakh visitors so far from over 50 countries. ... read..

Lockdown period to be excluded from timeline for resolution process
New Delhi | Monday, 2020 4:45:05 AM IST
In a major relief for companies going through insolvency under the Insolvency and Bankruptcy Code (IBC), the IBBI on Sunday said that the period of lockdown will not be counted within the timeline for resolution process. ... read..

Adani Foundation contributes Rs 100 cr to PM CARES Fund
New Delhi | Monday, 2020 3:45:05 AM IST
Adani Foundation has contributed Rs 100 crore to the PM CARES Fund for the fight against the coronavirus pandemic. ... read..

Govt urged to issue necessary passes to all organisations to process salaries
New Delhi | Monday, 2020 1:45:05 AM IST
Industry body PHD Chamber has urged the Central government to issue certain number of necessary passes to all organisations, irrespective of essential or non-essential manufacturing and services units, to process the salaries of their employees. ... read..

30% retailers may shut shop in 6 months if no govt support: RAI
New Delhi | Monday, 2020 1:15:05 AM IST
About 30 per cent of Indian retailers may be out of business in six months time if the government does not provide them support amidst the nation-wide lockdown, Retailers Association of India (RAI) CEO Kumar Rajagopalan said. ... read..

Focus on customers, employees, 6 month cash flow: Ram Charan to companies
New Delhi | Monday, 2020 1:15:05 AM IST
In the times of Covid-19 pandemic and the ensuing crisis in several companies, management expert and business advisor to companies, Ram Charan has said that companies should focus on customers and employee safety first. ... read..

Manufacturing-only recession spreads to services sector: KPMG report
New Delhi | Sunday, 2020 11:45:05 PM IST
The COVID-19 pandemic is unique in that it is a supply shock, a demand shock, and also a market shock and as production is curtailed around the world, many firms will not have necessary inputs, a new report has warned. ... read..

NRAI urges landlords to waive rents for restaurants till June
New Delhi | Sunday, 2020 8:15:05 PM IST
Hit by the coronavirus crisis and the nation-wide lockdown, the National Restaurant Association of India (NRAI) has urged landlords in the food and beverage (F&B) or restaurant industry to waive their rents and the common area maintenance charges till Jun ... read..

Paytm to contribute Rs 500 crore for PM CARES Fund
New Delhi | Sunday, 2020 5:15:05 PM IST
To support the fight against COVID-19 pandemic, India's leading digital payments and financial services platform Paytm on Sunday said it is aiming to contribute Rs 500 crore to the PM CARES Fund. ... read..

Wheat procurement after middle of April, no word from FCI
New Delhi | Sunday, 2020 4:15:05 PM IST
With the country under a 21-day nationwide lockdown till April 14 due to coronavirus crisis, procurement of wheat in the new Rabi season will start only after the middle of next month. ... read..

India to be fastest growing G20 economy on Covid-19 impact as global economy shrinks
New Delhi | Sunday, 2020 5:15:05 AM IST
India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed Indias GDP growth forecast to 2.1 per cent from 6 per cent in the light of the coronavirus pandemic. ... read..

Undeterred by Covid-19, govt goes ahead with PSU banks merger
New Delhi | Sunday, 2020 4:45:05 AM IST
The government is going ahead with the plan to consolidate public sector banks, undeterred by the spread of Covid-19 that has disrupted business across the country, including banking operations. ... read..

AEPC seeks halt in NPA declaration, freezing EMIs for 1 year
New Delhi | Sunday, 2020 4:45:05 AM IST
The Apparel Export Promotion Council (AEPC) has sought a suspension in declaration of non-performing assets (NPA) and raising the moratorium period on term loan EMIs to one year. ... read..

J&K Bank donates Rs 5 cr towards J&K Relief Fund
Jammu | Sunday, 2020 3:45:05 AM IST
Chairman and MD of J&K Bank, R.K. Chibber, on Saturday presented a cheque of Rs 5 crore to J&K Lieutenant Governor Girish Chandra Murmu as a contribution to the J&K Relief Fund towards the efforts being undertaken to mitigate the spread of COVID-19. ... read..

Implementation of Basel-III norms deferred till Jan 2023
New Delhi | Sunday, 2020 3:45:05 AM IST
In view of the coronavirus pandemic, the implementation of Basel-III norms for banking services has been deferred by a year till January 1, 2023. ... read..

Sitharaman asks banks to ensure liquidity flow, smooth ops
New Delhi | Sunday, 2020 3:45:05 AM IST
Finance Minister Nirmala Sitharaman on Saturday asked public and private sector banks to ensure uninterrupted banking operations and flow of liquidity. ... read..

Google commits $800 million to support SMBs, health workers
San Francisco | Sunday, 2020 2:45:05 AM IST
In biggest donation yet from any global tech giant, Alphabet and Google CEO Sundar Pichai has announced the company will provide over $800 million to support small and medium businesses (SMBs), health organisations, governments and health workers on the f ... read..

Covid-19: India's plan to build gas economy receives setback
New Delhi | Sunday, 2020 1:45:05 AM IST
Indias plan to develop a gas economy with the cleaner fuel gradually becoming the mainstay of countrys energy security needs has received a major setback as the Covid-19 pandemic has severely impacted demand, resulting in curtailed operations globally. ... read..

Covid-19: IndiGo offers to ferry meds, equipment
New Delhi | Sunday, 2020 1:15:05 AM IST
Countrys largest airline by market share, IndiGo, has offered to assist the government by ferrying medicine, equipment, and other relief samples across the country. ... read..

Hyundai's CSR arm to bring testing kits from S Korea
New Delhi | Sunday, 2020 1:15:05 AM IST
Hyundai Motor India Foundation (HMIF) has announced immediate order of "COVID-19 Advanced Diagnostic Testing Kits" from South Korea which will be distributed in consultation with the Centre and state governments to the hospitals. ... read..

Discoms now get three-month moratorium on payments to power producers
ew Delhi | Sunday, 2020 1:15:05 AM IST
The government has decided to provide three months moratorium to the financially stressed state Discoms on their payment dues to power generating companies as it looks to prevent power shutdowns during Covid-19 induced nationwide lockdown. ... read..

Set up task force to coordinate with industry: USIBC
New Delhi | Saturday, 2020 11:45:05 PM IST
The Centre should set up a task force to coordinate with the industry groups regarding resources, essential goods and services and technical capabilities that they can provide for responding to COVID-19, a US-India Business Council (USIBC) has recommended ... read..

COVID-19: Global hospitality industry checks out amid poor occupancy
New Delhi | Saturday, 2020 10:15:05 PM IST
New Coronavirus pandemic has forced the global hospitality industry to checkout abruptly, as occupancy has gone down up to 100 per cent in some of the most-affected countries, according to a new report. ... read..

Maruti Suzuki in partnerships to produce ventilators, masks, PPEs
New Delhi | Saturday, 2020 9:15:05 PM IST
Automobile manufacturer Maruti Suzuki India on Saturday said it has entered into an arrangement with AgVa Healthcare to scale up the production of ventilators. ... read..

COVID-19 pandemic severely affects logistics industry
New Delhi | Saturday, 2020 8:45:05 PM IST
The coronavirus pandemic has severely impacted the logistics sector, both in India and globally, as marketplayers say that global capacity has gone down 70 per cent and freight rates have shot up by 6-8 per cent. ... read..

Higher interest if you defer EMI payment for three months
New Delhi | Saturday, 2020 8:15:05 PM IST
Be ready to pay higher interest on your outstanding loan if you decide not to pay EMIs on your home or auto loan for the next three months under a moratorium announced by by the Reserve Bank of India on Friday. ... read..

Gurugram real estate developers laud RBI measures
| March 28, 2020 6:41:30 PM IST
Gurugram (Haryana) [India], Mar 28 (ANI/ NewsVoir): Gurugram realty developers have lauded RBI measures to inject liquidity into the Indian economy. The Reserve Bank of India today slashed the repo rate by 75 bps to 4.4 percent and reduced the reverse rep ... read..

afdindia launches online learning classes
| March 28, 2020 3:11:45 PM IST
Kochi (Kerala) [India] March 28 (ANI/NewsVoir): As lockdown to curb novel coronavirus continues, afdindia, India's oldest design entrance exam coaching institute has launched online learning classes for students preparing for NIFT, NID, CEED, UCEED & ... read..

Wiggles launches online veterinary consultation for pets across India
| March 28, 2020 2:41:37 PM IST
Mumbai (Maharashtra) [India] March 28 (ANI/NewsVoir): Keeping in mind the lockdown on account of the COVID-19 outbreak and the government's request to restrict travel and outside contact, India's first preventive care start up for pets, Wiggles launched W ... read..

TVS Motor Company announces service support for customers
| March 28, 2020 2:41:33 PM IST
Chennai (Tamil Nadu) [India] March 28 (ANI/NewsVoir): We are all in the midst of unprecedented times as we navigate the rapidly-evolving situation of COVID-19. ... read..

Start the new financial year on the right foot: invest in an FD
| March 28, 2020 1:41:48 PM IST
Pune (Maharashtra) [India], Mar 28 (ANI/ BusinessWire India): With the new financial year on the horizon, the time is right for a re-assessment of your risk profile, given the volatility in the market today and the condition of the Indian economy. The Res ... read..

Wall Street tumbles after US tops world in COVID-19 cases
New York | Saturday, 2020 8:45:05 AM IST
US stocks ended significantly lower amid the fast-growing spread of coronavirus in the country. ... read..

It is clear world in recession, says IMF chief
Washington | Saturday, 2020 4:45:05 AM IST
The coronavirus has taken the world economy to a recession which will be as bad or worse than the financial meltdown of 2009, IMF chief Kristalina Georgieva said Friday. ... read..

AEPC seeks more relief to protect apparel export industry
New Delhi | Saturday, 2020 4:15:05 AM IST
Welcoming the 75 basis points repo rate cut by RBI, Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel on Friday said that more financial relief needs to be provided to the apparel export industry to tide of the impact of the coronavirus crisis ... read..

Sensex falters after initial surge, ends in red on growth worries (Roundup)
Mumbai | Saturday, 2020 3:45:05 AM IST
The much-awaited repo rate cut was not enough to enthuse the stock markets on Friday as the BSE Sensex ended 131 points lower. ... read..

SBI passes on entire 75 bps rate cut to borrowers
New Delhi | Saturday, 2020 3:15:05 AM IST
In a major relief for its customers, the State Bank of India (SBI) on Friday said that it would pass on the entire 75 basis point rate cut to its retail borrowers. ... read..

Food producers urge govt to restore supply chain
New Delhi | Saturday, 2020 3:15:05 AM IST
Major manufacturers of fast moving consumer goods (FMCG), food producers and suppliers have urged government to restore supply chains of essential commodities following disruption in transportation and labour shortage since the complete lockdown against c ... read..

Ola group donates Rs 20 crore, creates fund for drivers, families (Ld)
New Delhi | Saturday, 2020 1:45:05 AM IST
Ride-hailing platform Ola on Friday launched Drive the Driver Fund under Ola Foundation, with Rs 20 crore donation from Ola group and its employees that will support auto-rickshaw, cab, kaali-peeli and taxi drivers during the tough COVID-19 times. ... read..

Chennai Port buys 67% stake from govt for Rs 2,383 crore
Chennai | Saturday, 2020 1:45:05 AM IST
The Chennai Port Trust on Friday acquired about 67 per cent stake held by the Central government in the country's first corporate port Kamarajar Port Ltd (KPL) for Rs 2,383 crore, said a top official of Chennai Port. ... read..

No need to pay EMIs of home, auto, farm loans till May 31 (3rd Lead)
New Delhi | Saturday, 2020 1:15:06 AM IST
An average Indian who has taken a home or an auto loan and a farmer under the stress of a crop loan from banks and NBFCs, can now have a sigh of relief, as the Reserve Bank of India (RBI) has directed the lenders to put a halt on the instalment payments t ... read..

Warring SJM backs Nirmala and RBI Guv; says, 'Well Done'
New Delhi | Saturday, 2020 1:15:06 AM IST
The government saw a face of the RSS' economic wing Swadeshi Jagran Manch on Friday that it is not quite used to - throwing its support behind it. ... read..

COVID-19: Domestic flights suspension extended till April 14
New Delhi | Friday, 2020 11:45:05 PM IST
Aviation regulator DGCA has extended the suspension of domestic flights by a fortnight till April 14 in view of the ongoing 21-day nationwide lockdown due to the coronavirus crisis. ... read..

Punjab suspends collecting charges at 23 toll plazas
Chandigarh | Friday, 2020 11:15:05 PM IST
Punjab Public Works Minister Vijay Inder Singla on Friday said the state has suspended collection of toll at all 23 toll plazas in the northern state till the end of the nationwide lockdown imposed to control the spread of coronavirus. ... read..

ITC limits operations to production of essential items
New Delhi | Friday, 2020 10:45:05 PM IST
FMCG-to-hospitality major ITC on Friday said that its factories are producing only essential items such as flour, buiscuits and sanitisers. ... read..

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