Monday, May 25, 2020
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US stocks drop amid downbeat data
New York | Friday, 2020 12:45:05 PM IST
US stocks ended lower on Thursday as investors digested a slew of newly-released economic data. ... read..


RBI cuts key interest rates, forecasts H1 FY21 GDP growth to contract on COVID-19 impact
Mumbai (Maharashtra) | May 22, 2020 12:11:37 PM IST
The Reserve Bank of India (RBI) on Friday unveiled a series of measures to minimise the impact of coronavirus (COVID-19) pandemic and subsequent countrywide lockdown which is likely to contract GDP growth rate in the first half of current financial year ( ... read..


RBI slashes repo rate by 40 bps, extends loan moratorium by 3 months
Mumbai (Maharashtra) | May 22, 2020 11:41:42 AM IST
The Reserve Bank of India (RBI) on Friday reduced the repo rate by 40 basis points to 4 per cent and extended the loan repayment moratorium for another three months up to August 31. ... read..


Built-for-India, built-by-India
| May 22, 2020 11:41:37 AM IST
Mumbai (Maharashtra) [India] May 22 (ANI/BusinessWire India): Marico Innovation Foundation responded to the growing seriousness of the COVID-19 pandemic with 'Innovate2Beat COVID' a nationwide grand challenge to unearth innovations that can combat the sho ... read..


RBI cuts repo rate by 40 bps to 4 pc to increase credit flow
Mumbai (Maharashtra) | May 22, 2020 10:41:44 AM IST
The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown. ... read..


Equity indices flat ahead of RBI Governor's press meet
Mumbai (Maharashtra) | May 22, 2020 10:11:42 AM IST
Equity benchmark indices were flat during early hours on Friday as Reserve Bank of India (RBI) governor Shaktikanta Das prepared to address a press conference. ... read..


Protecting animals imperative as super cyclone Amphan makes landfall
| May 22, 2020 9:41:45 AM IST
New Delhi [India] May 22 (ANI/NewsVoir): Super cyclone Amphan has battered the eastern Indian states of West Bengal and Odisha. As per latest reports, 12 people have been killed in West Bengal due to the super storm. ... read..


US dollar climbs amid economic data
New York | Friday, 2020 9:15:07 AM IST
The US dollar rose in late trading on Thursday as market participants digested a slew of economic data. ... read..


KKR to invest Rs 11,367 cr into Jio platforms
Mumbai (Maharashtra) | May 22, 2020 8:11:37 AM IST
KKR, the global investment firm based in New York, will invest Rs 11,367 crore into Jio platforms, which is the largest investment in Asia, said the Reliance Industries Limited (RIL) on Friday. ... read..


'AC, fridge sales in Delhi to hit Rs 2k cr in 50 days on odd-even opening of shops'
New Delhi | Friday, 2020 5:15:05 AM IST
With Delhi government announcing to open shops on odd-even basis, retailers and distributors of electronics and appliances have said that sales of air-conditioners and refrigerators are likely to touch at least Rs 2,000 crore in the next 50 days. ... read..


HMSI resuming production at plants from Monday
New Delhi | Friday, 2020 4:45:05 AM IST
Two-wheeler major Honda Motorcycle & Scooter India (HMSI) said it will resume production operations from Monday. ... read..


Minimum, maximum fare structure, SoPs for air travel set: Puri (2nd Lead)
New Delhi | Friday, 2020 4:45:05 AM IST
Domestic passenger flight services commencing from Monday will have a fixed minimum and maximum fare structure for different routes, Civil Aviation Minister Hardeep Singh Puri said on Thursday. ... read..


70% of Karnataka industries resume work amid lockdown
Bengaluru | Friday, 2020 4:15:06 AM IST
About 70 per cent of industries across Karnataka resumed operations after restrictions were relaxed during the extended lockdown, an official said on Thursday. ... read..


RIL-Rights Entitlement surges 15% on day 2 to close at Rs 232
New Delhi | Friday, 2020 3:15:05 AM IST
The share price for Reliance Industries-Rights Entitlement (RIL-RE) on the National Stock Exchange rose nearly 15 per cent on Thursday to close at Rs 232. ... read..


HSIL sues ICICI Securities for report saying Jaguar became top brand
New Delhi | Friday, 2020 3:15:05 AM IST
Leading sanitaryware brand, HSIL Limited, has a filed a case against prominent brokerage ICICI Securities for a "defamatory and disparaging" research report, which said that Jauguar has become Indias No. 1 sanitaryware brand. ... read..


Kolkata airport now functional, Air India hangar damaged (Lead)
Kolkata | Friday, 2020 2:45:06 AM IST
Kolkata's Netaji Subhash Chandra Bose International Airport recommenced operations from Thursday afternoon after it was inundated by heavy rains due to Cyclone 'Amphan'. ... read..


Only 15% of companies winning in pandemic-hit economy: Report
New Delhi | Friday, 2020 2:45:06 AM IST
With the COVID-19 pandemic introducing numerous changes to the economy, only about 15 per cent of companies appear to be winning so far, said a new report. ... read..


Emaar MGF ordered to pass on profiteered Rs 13 cr to home buyers
New Delhi | Friday, 2020 1:15:06 AM IST
The National Anti-Profiteering Authority (NAA) has upheld profiteering allegation against Emaar MGF Land for not passing on benefit of input tax credit on GST to home buyers of 'Emerald Floors Premier' at Gurugram and has ordered the company to pass on th ... read..


Despite corona, Telangana clocks over Rs 1.28 lakh crore IT exports in 2019-20
Hyderabad | Thursday, 2020 11:15:06 PM IST
Continuing its impressive performance in the information technology sector, Telangana clocked over Rs 1.28 lakh crore IT exports during 2019-20, a growth of nearly 18 per cent over the previous year. ... read..


HUL extends partnership with UNICEF to support tea workers in Assam
Mumbai | Thursday, 2020 11:15:06 PM IST
Hindustan Unilever Limited (HUL) on Thursday announced the extension of its collaboration with the United Nations Childrens Fund (UNICEF) to support delivery of essential hygiene products to tea plantation workers in Assam, in the response to the Covid-19 ... read..


Kolkata airport functional since afternoon, AI hangar damaged
Kolkata | Thursday, 2020 11:15:06 PM IST
Kolkata's Netaji Subhash Chandra Bose International Airport recommenced operations from Thursday afternoon after it was inundated by heavy rains due to Cyclone 'Amphan'. ... read..


To boost trade, India, Bangladesh add more water routes
Dhaka/Agartala | Thursday, 2020 10:45:06 PM IST
To boost trade, economic activity and connectivity, India and Bangladesh have added five more "ports of call" on either side and increased the protocol (water) routes from 8 to 10. ... read..


PM's intervention sought for seamless mining licence for existing explorers
New Delhi | Thursday, 2020 10:45:06 PM IST
The mining industry has called for intervention of the Prime Minister to prevent denial of mining rights to existing mineral explorers under the new reform initiative that seeks to establish a seamless Composite Exploration-cum-Mining- cum-Production Lice ... read..


Farmers paid within 3 days of procurement: NAFED chief (IANS Interview)
New Delhi | Thursday, 2020 9:15:06 PM IST
The National Agricultural Cooperative Marketing Federation of India (NAFED) has been engaged in procuring the rabi crops, pulses and oilseeds quite effectively even during the lockdown. ... read..


People in containment zone not allowed air travel (Ld)
New Delhi | Thursday, 2020 8:45:08 PM IST
As domestic flight services resume on May 25 with one-third of capacity, it will not allow people staying in containment zones to board a flight as they will not be eligible for travel. ... read..


Social media outrage as Indiabulls sacks 2K staff
New Delhi | Thursday, 2020 8:15:07 PM IST
Indiabulls Housing Finance is said to have sacked around 2,000 employees amid a roaring social media controversy. ... read..


Train ticket bookings to resume at 1.7L centres from Friday
New Delhi | Thursday, 2020 7:45:13 PM IST
In a major relief to passengers across the country, Union Railway and Commerce Minister Piyush Goyal on Thursday said that bookings of tickets will resume at 1.7 lakh common service centres from Friday. ... read..


Centre allows 1/3rd domestic flight capacity
New Delhi | Thursday, 2020 7:45:13 PM IST
Centre on Thursday said that limited passenger flight operations of about one-third of capacity would be permitted to operate from May 25. ... read..


GST council may extend compensation cess levy beyond 5 years
New Delhi | Thursday, 2020 7:15:05 PM IST
Faced with a sharp decline in GST collections due lockdown and disruptions in economic activities across the country, the government is looking at paying GST compensation to states using a portion of its borrowings and repaying it by collecting cess in th ... read..


HUAWEI WATCH GT 2e receives maximum pre-booking on Amazon soon after its launch
| May 21, 2020 6:41:51 PM IST
New Delhi [India], May 21 (ANI/NewsVoir): Huawei Consumer Business Group today announced that its newly launched HUAWEI WATCH GT 2e received maximum pre-booking on Amazon and featured in the most popular product list within few hours of its launch. ... read..


HSL India Wins ET Iconic Brand for Year 2019-20
| May 21, 2020 6:41:50 PM IST
Mumbai (Maharashtra) [India], May 21 (ANI/NewsVoir): Hahnemann Scientific Laboratory (India) Pvt Ltd, popularly known as HSL (India) wins Economic Times Iconic Brand for the year 2019-20. ... read..


GMR's Delhi, Hyderabad airports to provide contact-less food service to flyers
New Delhi | May 21, 2020 6:41:48 PM IST
As per the protocols announced by the Centre amid COVID-19 pandemic, GMR's airports in Delhi and Hyderabad will set up contact-less food ordering service as a safety measure against the corona disease. ... read..


Ace Group launches Loan Free Pay-on Possession Plan to serve homebuyers during COVID-19 crisis
| May 21, 2020 6:41:45 PM IST
New Delhi [India], May 21 (ANI/NewsVoir): With an aim to reenergize sales and most importantly to serve its valued customers amid the continuing COVID-19 pandemic, realty major Ace Group has announced a convenient and discounted payment plan in its ultra ... read..


Merck Foundation join hands with African First Ladies to build healthcare capacity to support coronavirus risk groups in Africa
| May 21, 2020 6:41:44 PM IST
Lusaka [Zambia]/Mumbai (Maharashtra) [India], May 21 (ANI/BusinessWire India): Merck Foundation, the philanthropic arm of Merck KGaA Germany in partnership with African First Ladies and Ministries of Health, continue their strategy to provide one-year dip ... read..


Hindustan Zinc profit sinks 33 pc to Rs 1,339 crore in March quarter
Udaipur (Rajasthan) | May 21, 2020 6:11:54 PM IST
Integrated producer of zinc, lead and silver Hindustan Zinc on Thursday reported 33 per cent decline in net profit to Rs 1,339 crore for the quarter ended March 31 as compared to Rs 2,012 crore in Q4 FY19. ... read..


Airtel acquires strategic stake in conversational AI-focused startup Voicezen
New Delhi | May 21, 2020 6:11:48 PM IST
Bharti Airtel has acquired a strategic stake in Voicezen, an early-stage startup focused on conversational artificial intelligence (AI) technologies. ... read..


The highly anticipated premium mid-range smartphone Huawei Y9s and Huawei Mediapad T5 Tablet WiFi Edition are now available in India on Amazon
| May 21, 2020 6:11:40 PM IST
New Delhi [India], May 21 (ANI/NewsVoir): Huawei Consumer Business Group has finally announced the availability of two of its much awaited products, the Huawei Y9s and the Huawei Mediapad T5 Tablet on Amazon. The Huawei Y9s is a premium mid-range smartpho ... read..


Pharma Synth company is taking care of the corona warriors, distributed more than 1,25,000 sanitizers
| May 21, 2020 6:11:37 PM IST
New Delhi [India], May 21 (ANI/NewsVoir): In today's era the whole world is fighting with the novel coronavirus. But in this tough time there are some real heroes who are still working with full dedication besides taking care of themselves and they are no ... read..


Sensex up 280 points; banking, finance stocks rise
New Delhi | Thursday, 2020 5:15:05 PM IST
The key Indian equity indices rose on Thursday with the BSE Sensex gaining over 280 points. ... read..


Bajaj Finserv's Q4 profit tumbles 77 pc as Covid-19 provisions rise
Mumbai (Maharashtra) | May 21, 2020 5:11:43 PM IST
Bajaj Finserv on Thursday reported 77 per cent decline in its Q4 FY20 consolidated net profit to Rs 194 crore as compared to Rs 839 crore in the corresponding quarter of previous fiscal. ... read..


AAI asks passengers to reach airport 2 hrs prior to departure
New Delhi | Thursday, 2020 4:45:07 PM IST
State-run Airports Authority of India has advised passengers-to reach airport 2 hours prior to departure. ... read..


Airline stocks gain as air travel resumes from next week
Mumbai (Maharashtra) | May 21, 2020 4:11:37 PM IST
The final hour of trading on bourses erased some intraday gains on Thursday but benchmark indices managed to close in the green led by gains in auto and FMCG stocks. ... read..


70 global and Indian animation companies offer jobs to 522 animation and gaming students of Chandigarh University over a period of five years
| May 21, 2020 3:41:45 PM IST
Chandigarh (Punjab) [India] May 21 (ANI/PRNewswire): Placements for the students of Department of Animation and Gaming are scaling new heights with each batch passing out year-after-year. ... read..


Yotta's first datacenter - NM1 - to be Asia's largest Tier IV data center certified by Uptime Institute (USA)
| May 21, 2020 3:41:44 PM IST
Mumbai (Maharashtra), May 21 (ANI/PRNewswire): - a Hiranandani Group company - has announced that their first data center - Yotta NM1 - located in their Panvel Datacenter Park - has been awarded the highest certification for data center design - the Upti ... read..


The dynamic duo: The all-new BMW F 900 R and F 900 XR launched in India
| May 21, 2020 3:41:42 PM IST
Gurugram (Haryana) [India] May 21 (ANI/BusinessWire India): BMW Motorrad India launched the all-new BMW F 900 R and the all-new BMW F 900 XR in India today. ... read..


Zydus supplies first batch of 30,000 Covid Kavach Elisa tests to ICMR
Ahmedabad (Gujarat) | May 21, 2020 3:11:51 PM IST
The first batch of 30,000 Covid Kavach Elisa tests manufactured by Zydus Diagnostics has been supplied to Indian Council of Medical Research (ICMR) free of cost. ... read..


Swiggy starts home delivery of alcohol, services begin in Jharkhand
Bengaluru (Karnataka) | May 21, 2020 3:11:37 PM IST
Leading on-demand delivery platform Swiggy has enabled online processing and home delivery of alcohol through the 'Wine Shops' category on the app. ... read..


Asian Paints sponsors 'One Nation One Voice' anthem for corona warriors
| May 21, 2020 2:11:45 PM IST
Mumbai (Maharashtra) [India] May 21 (ANI/NewsVoir): Asian Paints continuing its solidarity with the nation in the midst of a destabilizing pandemic, has come forward to show support to PM Cares Fund as one of the key sponsors of the new national anthem de ... read..


Panasonic pledges 200 million yen for research, development of therapies and vaccines for COVID-19
Osaka | May 21, 2020 2:11:41 PM IST
Offering its full support to the collaborative effort between Osaka University, Osaka Prefecture, and others currently undertaking research and development into COVID-19 therapies and vaccines, Panasonic Corporation announced that it is pledging 200 milli ... read..


Dhir&Dhir Associates establishes a dedicated COVID-19 advisory desk
| May 21, 2020 1:41:36 PM IST
New Delhi [India] May 21 (ANI/BusinessWire India): With the world's most massive lockdown to date in its fourth stage, the legal fraternity both in law firms and corporates are gearing up to meet the crisis with utmost brevity and force. ... read..


Vedanta's proposed debt-financed acquisition will simplify group structure: Moody's
| May 21, 2020 1:11:41 PM IST
Vedanta's open offer to acquire the remaining 49.9 per cent shareholding it does not own and to delist it from the Bombay Stock Exchange (BSE) is credit positive and a major step in the simplification of Vedanta's complex group structure, according to Moo ... read..


Corporate real estate likely to retain or increase office space portfolio: Knight Frank
Mumbai (Maharashtra) | May 21, 2020 12:41:42 PM IST
A recent survey concluded by Knight Frank India shows that about 62 per cent of corporate real estate executives will either retain (38 per cent) or increase (24 per cent) their current office space portfolio in the next six months. ... read..


Over 150 global corporations urge world leaders for net-zero recovery from COVID-19
| May 21, 2020 12:11:49 PM IST
A total of 155 companies with a combined market capitalisation of over 2.4 trillion dollars and representing over five million employees have signed a statement urging governments around the world to align their COVID-19 economic aid and recovery efforts ... read..


Aster DM Healthcare launches Our New Earth microsite to coach people to transition to the new normal living post lock-down
| May 21, 2020 12:11:44 PM IST
Bengaluru (Karnataka) [India] May 21 (ANI/BusinessWire India): Aster DM Healthcare - one of the largest private, integrated healthcare service providers across the GCC and an emerging player in India has launched 'Our New Earth', a microsite dedicated to ... read..


US stocks gain amid rallying energy sector (Lead)
New York | Thursday, 2020 11:45:05 AM IST
US stocks ended higher on Wednesday, bolstered by solid gains in energy sector. ... read..


ACI, IATA outline roadmap for aviation industry restart
Montreal | May 21, 2020 11:41:44 AM IST
Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and a ... read..


NBFI support measures hinge on execution: Fitch Ratings
| May 21, 2020 11:11:40 AM IST
Indian non-bank financial institutions' (NBFI) funding and liquidity will continue to face pressure despite a pick-up in loan collections, according to Fitch Ratings. ... read..


Disruptors to define entertainment business in post-COVID world: Study
New Delhi | Thursday, 2020 10:45:06 AM IST
A new report by Tech Mahindra on the Impact of COVID-19 on Media and Entertainment Industry suggests change in the way the world of media and entertainment will conduct business is set to happen faster than you can imagine, in the post-pandemic world. ... read..


Equity indices in the green, airline stocks zoom
Mumbai (Maharashtra) | May 21, 2020 10:41:43 AM IST
Equity benchmark indices gained marginally during early hours on Thursday on firm global cues with broad-based buying across the counters. ... read..


Radio Mirchi is the best lockdown entertainment partner with 40 million listeners, states IRS survey
| May 21, 2020 10:41:45 AM IST
New Delhi [India] May 21 (ANI/Mediawire): In these times of lockdown, Radio Mirchi and its advertising partners are celebrating with some good news. ... read..


US dollar weakens amid Fed minutes
New York | Thursday, 2020 8:45:06 AM IST
The US dollar declined in late trading on Wednesday as market participants digested the minutes from the Federal Reserve's latest policy meeting. ... read..


US stocks rise as volatile trading continues
New York | Thursday, 2020 6:15:06 AM IST
US stocks traded on an upbeat note on Wednesday, following a noticeable drop in the previous session, as volatile trading continued on Wall Street. ... read..


Giving wings: India to resume domestic flight ops from May 25 (Roundup)
Delhi/Mumbai | Thursday, 2020 6:15:06 AM IST
India will allow resumption of domestic passenger flight operations in a calibrated manner, exactly two months after suspending them under the national lockdown norms. ... read..


After record low solar tariff quote, ACME seeks to withdraw from project
New Delhi | Thursday, 2020 5:15:05 AM IST
After shocking the world by quoting record low solar tariff of Rs 2.44 kWh in its bid for a SECI power project in Rajasthan, the winning bidder, ACME Solar, has now decided to cancel the project on account of disruptions caused by coronavirus pandemic and ... read..


Railways to start bookings for 200 special trains from May 21
New Delhi | Thursday, 2020 5:15:05 AM IST
In a major relief to passengers, Indian Railways on Wednesday released the list of 200 Special trains that will run from June 1 and said that these will be fully reserved trains having both air-conditioned and non air-conditioned classes. Bookings for the ... read..


Credgenics launches AI-enabled debt resolution platform
New Delhi | Thursday, 2020 3:45:06 AM IST
Delhi-based Credgenics on Thursday formally unveiled a debt resolution platform which combines the power of artificial intelligence with data science to optimise and standardise the debt collection activities. ... read..


Giving wings: India to resume domestic flight ops from May 25 (Fourth Lead)
New Delhi/Mumbai | Thursday, 2020 2:45:05 AM IST
India will allow resumption of domestic passenger flight operations in a calibrated manner, exactly 2 months after suspending them under the national lockdown norms. ... read..


Consumer confidence plunges in May amid lockdown: Report
New Delhi | Thursday, 2020 2:45:05 AM IST
Consumer confidence in India witnessed a freefall in May due to the nationwide lockdown and the coronavirus pandemic, according to the Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI). ... read..


Scheme to promote 'Blue Revolution' gets Cabinet nod (Lead)
New Delhi | Thursday, 2020 1:45:06 AM IST
With a target to double the income of fishermen, fish farmers and workers by 2024, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its nod to the implementation of Rs 20,050- crore Pradhan Mantri Matsya Sampada Yojana (PMMSY), ... read..


55,138 housing units sold during Q1, 2020: PropEquity
New Delhi | Thursday, 2020 1:45:06 AM IST
A PropEquity report on Wednesday said that around 55,138 housing units were sold across the major cities during the first quarter of the Covid-hit January-March quarter. ... read..


RIL-Rights Entitlement jumps up 39% to close at Rs 212
Mumbai | Thursday, 2020 1:15:05 AM IST
The share price for Reliance Industries-Rights Entitlement (RIL-RE) on the National Stock Exchange (NSE) surged 39.6 per cent on Wednesday to settle at the day's high of Rs 212. ... read..


Listed firms must disclose Covid-19's material impact on businesses
Mumbai | Thursday, 2020 1:15:05 AM IST
Listed companies have been asked to disclose the material impact of the Covide19 pandemic on their business, performance and financials. ... read..


Jharkhand liquor shops open, prices up by 25 pc
Ranchi | Wednesday, 2020 11:45:06 PM IST
Liquor prices have gone up to 25 per cent as vends reopened in Jharkhand on Wednesday for the first time after the lockdown was imposed in the state. ... read..


Scheme to promote Blue Revolution gets Cabinet's approval
New Delhi | Wednesday, 2020 11:45:06 PM IST
The Pradhan Mantri Matsya Sampada Yojana (PMMSY), a scheme to promote a Blue Revolution in the country through sustainable and responsible development of fisheries, was cleared by the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday. ... read..


Cabinet nod to extend senior citizens' pension scheme by 3 years
New Delhi | Wednesday, 2020 11:45:06 PM IST
In good news for the senior citizens, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the extension of the Pradhan Mantri Vaya Vandana Yojana (PMVVY) till March 31, 2023. ... read..


Finance Commission's panel on fiscal consolidation to meet
New Delhi | Wednesday, 2020 11:45:06 PM IST
The first meeting of the 15th Finance Commission's committee on 'Fiscal Consolidation Roadmap' is scheduled to be held on Thursday, through video conferencing. ... read..


Domestic flight ops to start from May 25 (2nd Ld)
New Delhi | Wednesday, 2020 11:45:06 PM IST
After nearly two months of suspension, Union Civil Aviation Minister Hardeep Singh Puri announced on Wednesday that domestic civil aviation operations will resume from May 25. ... read..


Domestic flight ops to start from May 25 (Lead)
New Delhi | Wednesday, 2020 11:15:06 PM IST
After nearly two months of suspension, Union Civil Aviation Minister Hardeep Singh Puri announced on Wednesday that domestic civil aviation operations will resume from May 25. ... read..


Domestic civil aviation ops to start from May 25
New Delhi | Wednesday, 2020 11:15:06 PM IST
After nearly two months of suspension, Union Civil Aviation Minister Hardeep Singh Puri announced on Wednesday that donestic civil aviation operations will resume from May 25. ... read..


Economy likely to contract by 5% in FY21: ICRA
New Delhi | Wednesday, 2020 10:45:06 PM IST
Ratings agency ICRA on Wednesday predicted that India's economy is likely to witness a sharp contraction of 5 per cent during FY 2020-21, despite the massive stimulus given under the Self-Reliant India programme. ... read..


Cabinet okays Rs 3 lakh crore collateral-free credit line for MSMEs
New Delhi | Wednesday, 2020 10:45:06 PM IST
The Union Cabinet on Wednesday approved the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs and MUDRA borrowers. ... read..


Cabinet okays change in partial credit guarantee scheme for NBFCs
New Delhi | Wednesday, 2020 10:45:06 PM IST
The Union Cabinet on Wednesday approved the modification to the existing partial credit guarantee scheme for NBFCs. ... read..


Subdued demand, sufficient coal stocks may dampen interest in mining rights
New Delhi | Wednesday, 2020 10:15:06 PM IST
The Government move to end Coal India's monopoly in coal mining by allowing commercial miners in the sector may not attract the requisite participation from domestic and global entities as fuel demand currently is subdued while CIL production is more than ... read..


Jewar airport in UP gets MHA nod
Lucknow | Wednesday, 2020 10:15:06 PM IST
The Union Ministry of Home Affairs (MHA) has given the nod to the greenfield project, the much-awaited construction of Jewar airport in Noida. ... read..


Kotak Bank to help in asset monetisation of Franklin Templeton's shut funds
Mumbai | Wednesday, 2020 9:45:06 PM IST
Franklin Templeton Trustee Services has appointed Kotak Mahindra Bank as an independent adviser to assist Franklin Templeton Asset Management (India) Private Ltd with all portfolio actions in six funds being wound up, including monetising their assets. ... read..


Franklin Templeton appoints Kotak to monetize assets in six wound-up schemes
Mumbai | Wednesday, 2020 9:45:06 PM IST
Franklin Templeton Trustees have appointed Kotak Mahindra Bank to assist in the monetization of assets in the six schemes being wound-up. ... read..


Blockbuster opening of Reliance Rights Entitlement issue, closes at Rs 212 on NSE
Mumbai (Maharashtra) | May 20, 2020 8:41:38 PM IST
The first day when Reliance Industries -- Rights Entitlement (RIL-RE) issue opened today, the online trading in RIL-RE reached high volumes with buyers outpacing sellers and the price soaring. ... read..


'Rs 90,000 cr liquidity injection a breather for power gencos'
New Delhi | Wednesday, 2020 7:45:06 PM IST
The government's move to provide Rs 90,000 crore loans to state power distribution companies (discom) comes at an opportune time and will help clear a significant part of their obligations to power generation companies (genco), according to Crisil Ratings ... read..


Gold prices rise amid global uncertainty, silver gains
New Delhi | Wednesday, 2020 7:15:06 PM IST
Gold prices in India rose on Wednesday amid the economic uncertainty and the gains in prices of the yellow metal in the global markets. ... read..


PayQ powers SMEs to Kiranas, enables Digital billing to Geo tagging
| May 20, 2020 7:11:44 PM IST
New Delhi [India] May 20 (ANI/Digpu): While Paytm, Google Pay, Naspers-owned PayU, and other players were aggressively trying to rope in small businesses on their platform, as B2B doesn't bleed the business, the big scramble is for over 60 million small b ... read..


Govt to help migrants in coming back when industrial activities resume: Sitharaman
New Delhi | May 20, 2020 7:11:40 PM IST
As industrial and economic activities resume with easing of restrictions amid the Covid-19 countrywide lockdown, Finance Minister Nirmala Sitharaman said on Wednesday that the government will make plans for migrant workers to return back to cities and tow ... read..


Healthians is celebrating Mother's Month across 35 cities
| May 20, 2020 6:11:40 PM IST
New Delhi [India], May 20 (ANI/NewsVoir): This May, Healthians employees in 35 cities have taken it upon themselves to make mothers feel special. ... read..


GPX launches first Open Cloud Exchange in India interconnecting Cloud Service Providers hosted at GPX's Data Centers
| May 20, 2020 5:41:40 PM IST
Mumbai (Maharashtra) [India] May 20 (ANI/PRNewswire): GPX India Pvt. Ltd, a global data center and interconnection leader providing next-generation, carrier-neutral, cloud-agnostic services, announces the launch of GPX Open Cloud Exchange at its Mumbai da ... read..


Bus service begins in Kerala with restricted time schedule
Thiruvananthapuram | Wednesday, 2020 5:15:06 PM IST
Fifty six days after operations came to a complete standstill the Kerala State Road Transport Corporation (KSRTC) on Wednesday morning commenced its bus and water services. The state government had cleared the operation of only intra district services, wh ... read..


Equity indices in green, Sensex gains over 200 points
Mumbai | Wednesday, 2020 5:15:06 PM IST
The key Indian equity indices traded on a positive note after opening on Wednesday with the BSE Sensex rising over 200 points. ... read..


Ola to lay off 1,400 employees as COVID-19 crisis hits revenues
Bengaluru (Karnataka) | May 20, 2020 5:12:50 PM IST
Ride-sharing company Ola Cabs said on Wednesday it will lay off 1,400 of its employees due to business uncertainty caused by the coronavirus pandemic while the revenue has come down by 95 per cent in the past two months. ... read..


Tech leader Cyient joins Emergent Alliance to enable economic recovery
Reading | May 20, 2020 5:12:47 PM IST
Engineering and technology solutions provider Cyient said on Wednesday it has signed a statement of intent with Emergent Alliance to use their combined data knowledge to provide new insights and practical applications to the global COVID-19 response. ... read..


Dr Reddy's Q4 profit jumps 76 pc to Rs 764 crore on higher sales in US, Europe
Hyderabad (Telangana) | May 20, 2020 5:12:15 PM IST
Dr Reddy's Laboratories Ltd on Wednesday reported a net profit of Rs 764 crore during the January to March quarter, up 76 per cent from Rs 434 crore in the corresponding quarter of the previous financial year. ... read..


Molinari Media PBC to launch FINTECH.TV-India
| May 20, 2020 5:12:45 PM IST
New Delhi [India]/New York [USA] May 20 (ANI/Digpu): Molinari Media PBC today announced that it is going to open its first international subsidiary office in Delhi, India. ... read..


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