Monday, May 25, 2020

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..

Equity indices hold firm, pharma and financial stocks up
Mumbai (Maharashtra) | May 20, 2020 5:11:59 PM IST
Equity benchmark indices gained for the second consecutive day on Wednesday as heavy buying was witnessed in pharma and financial stocks. ... read..

Rolls-Royce to cut 9,000 jobs as demand for air travel crashes
London | May 20, 2020 5:11:37 PM IST
British aircraft engine manufacturer Rolls-Royce is cutting at least 9,000 jobs due to collapse in demand for air travel caused by the coronavirus pandemic. ... read..

NCDEX to launch futures contract on Agridex
Mumbai (Maharashtra) | May 20, 2020 1:41:54 PM IST
The National Commodity and Derivatives Exchange (NCDEX) on Wednesday announced the beginning of trading in India's first agri futures index called NCDEX Agridex. ... read..

Resulticks named to Gartner Magic Quadrant for fourth year in a row
| May 20, 2020 12:42:33 PM IST
Chennai (Tamil Nadu) [India]/New York [USA] May 20 (ANI/PRNewswire): Resulticks, the world's fastest-growing real-time conversation marketing cloud solutions provider, has been named by Gartner to the May 2020 Magic Quadrant for Multichannel Marketing Hub ... read..

Equity indices gain with buying in FMCG, pharma stocks
Mumbai (Maharashtra) | May 20, 2020 12:42:20 PM IST
Equity benchmark indices traded higher during early hours on Wednesday as buying was witnessed in FMCG, pharma and financial stocks. ... read..

IATA outlines layered approach for airline industry re-start
Geneva | May 20, 2020 12:42:12 PM IST
The International Air Transport Association (IATA) has released details of its proposed temporary layered approach to biosecurity for re-starting passenger flights amid the COVID-19 crisis. ... read..

Infosys partners with Rhode Island in fight against COVID-19
Rhode Island | May 20, 2020 12:42:06 PM IST
Infosys is partnering with Rhode Island in launching a privacy-first contact tracing solution to help people and state officials slow the spread of coronavirus as part of the state's effort to safely reopen businesses while reducing occurrences of communi ... read..

Guardian GNC reports growth in interest in immune health supplements during pandemic
| May 20, 2020 12:41:56 PM IST
Mumbai (Maharashtra) [India] May 20 (ANI/PRNewswire): As India enters lockdown 4.0, initial confusion, uncertainty in general about life and concern for the basic daily 'essentials' is settling. ... read..

Hackers and cyber attacks are now evolving faster than ever before: Subex
Bengaluru (Karnataka) | May 20, 2020 12:41:39 PM IST
Digital technology provider Subex said on Wednesday it has detected 46 per cent increase in attacks on smart homes, enterprises and control systems connected to critical infrastructure as the global cyber threat landscape alters amid the ongoing coronavir ... read..

Square Panda launches a revolutionary reading platform to support reading success in kids
| May 20, 2020 12:41:35 PM IST
Mumbai (Maharashtra) [India] May 20 (ANI/PRNewswire): Developed by US-based edtech company Square Panda, SquareTales is a revolutionary reading app for pre-readers. ... read..

US stocks fall as energy sector leads losses
New York | Wednesday, 2020 10:45:06 AM IST
US stocks dropped on Tuesday, dragged by a noticeable pullback in the energy sector. ... read..

With more informal workers, Andhra, Bengal and TN most vulnerable to job losses
New Delhi | Wednesday, 2020 4:45:05 AM IST
Andhra Pradesh, West Bengal and Tamil Nadu have a higher share of informal workforce which is vulnerable to job losses due to the Covid-19 pandemic and the ensuing lockdown restrictions, according to a Crisil report. ... read..

Mother Dairy helps maintain supply chain in Vidarbha, Marathwada
New Delhi | Wednesday, 2020 3:45:05 AM IST
Mother Dairy, a wholly owned subsidiary of the National Dairy Development Board (NDDB), has contributed in stabilising the dairy supply chain in Vidarbha and Marathwada region amid the nationwide lockdown to fight the Covid-19 pandemic, a statement issued ... read..

Indian Railways get state-of-the-art Alstom 12,000 BHP locomotives
New Delhi | Wednesday, 2020 2:45:06 AM IST
The world's most powerful locomotive manufactured by French giant Alstom along with the Madhepura Electric Locomotives Pvt Ltd, capable of running at maximum 12,000 HP, joined operations of the Indian Railways on Monday, officials said. ... read..

Swiftly implement stimulus to benefit NBFCs: India Ratings
Mumbai | Wednesday, 2020 2:45:06 AM IST
Ratings agency India Ratings and Research on Tuesday said the ironing out of operational challenges and speedy implementation of the stimulus would be key to benefiting non-banking financial companies (NBFCs) and micro, small and medium enterprises (MSMEs ... read..

SBI employees contribute additional Rs 7.95 cr to PM-CARES Fund
Mumbai | Tuesday, 2020 10:45:06 PM IST
In battle against the COVID-19 crisis, employees of the country's largest lender, State Bank of India (SBI) have decided to contribute an additional amount of Rs 7.95 crore to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM- ... read..

Covid-19 to accelerate deterioration in NBFIs' asset quality: Moody's
Mumbai | Tuesday, 2020 10:45:06 PM IST
Moody's Investors Service on Tuesday said the Covid-19 outbreak will accelerate the deterioration in asset quality of non-bank financial institutions (NBFIs). ... read..

Giving free debt will hurt India: Oxford prof on COVID-19 bailout
New Delhi | Tuesday, 2020 10:45:06 PM IST
The Indian governments plan is effectively to make free debt available to companies which is not a good idea, said University of Oxford Professor and Masters Union Master, Karthik Ramanna while making his observations on the country's Rs 20 lakh crore bai ... read..

OYO prepares for 'new normal' post Covid-19 outbreak
New Delhi | Tuesday, 2020 10:15:06 PM IST
Hospitality major OYO on Tuesday said it is taking new and innovative measures to meet the new standards of good quality travel and hospitality experience and operate around circumstances that have become 'new normal', post the Covid-19 outbreak. ... read..

Govt may raise FDI cap in insurance companies to 74% (IANS Special)
New Delhi | Tuesday, 2020 9:45:06 PM IST
In yet another big reform initiative aimed at bringing more capital into the insurance business, the government may soon open the sector to 74 per cent foreign direct investment (FDI) under the approval route to bring parity with the banking sector. ... read..

Some airlines start to accept bookings for June onwards travel: Sources (IANS Exclusive)
New Delhi | Tuesday, 2020 8:45:05 PM IST
The COVID-19 battered airline industry has started accepting ticket bookings for the travel period starting June 1, sources said on Tuesday. ... read..

Railways ferried 20 lakh migrants in Shramik trains: Goyal
New Delhi | Tuesday, 2020 8:15:06 PM IST
Union Railway and Commerce Minister Piyush Goyal on Tuesday said that the Indian Railways has transported over 20 lakh stranded migrant workers through the 1,565 Shramik Special trains since May 1. ... read..

How start-ups are beginning from homes in UP (IANS Special)
Lucknow | Tuesday, 2020 8:15:06 PM IST
Even as the lockdown remains firmly in force and most shops are still closed in Uttar Pradesh, there is relief for those who are craving for the good old 'samosas', or sweets or even non-vegetarian food. ... read..

Bharti Airtel shares surge 9% on improved Q4 revenue
Mumbai | Tuesday, 2020 7:45:06 PM IST
Shares of Bharti Airtel rose over 9 per cent on Tuesday morning due to improved consolidated revenue during the January-March quarter ... read..

Alternative markets will benefit farmers: Ashok Dalwai (IANS Interview)
New Delhi | Tuesday, 2020 7:45:06 PM IST
The Modi government in order to double the income of farmers by 2022 announced a slew of measures last week, and it is widely expected that these reforms will benefit farmers who are reeling under the Covid-19 crisis. ... read..

FM: Loan sanctions jump to Rs 6.45 lakh cr in over 2 months
New Delhi | Tuesday, 2020 7:45:06 PM IST
Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 6.45 lakh crore in two and a half months, between March 1 and May 15, to over 54.96 lakh accounts. ... read..

MotorOctane recognized for "Longest Distance Travelled in EV" by Indian Book of Records and Asia Book of Records
| May 19, 2020 7:41:38 PM IST
Mumbai (Maharashtra) [India], May 19 (ANI/NewsVoir): MotorOctane - The most subscribed automobile Hindi YouTube channel in India ventured in an MG ZS EV to cover 1500 kms from Mumbai to New Delhi. ... read..

OSRAM UV-C lamps show the way towards total protection against COVID-19
| May 19, 2020 7:11:46 PM IST
New Delhi [India], May 19 (ANI/NewsVoir): The global upheaval created by the coronavirus outbreak and the deadly COVID-19 disease caused by it, have altogether highlighted the need for implementing social distancing and best hygiene practices, besides imp ... read..

Bajaj Finance Q4 profit down 19 pc to Rs 948 crore on higher provisions
Mumbai (Maharashtra) | May 19, 2020 6:41:55 PM IST
Bajaj Finance on Tuesday posted a consolidated profit after tax for Q4 FY20 at Rs 948 crore, down 19 per cent from Rs 1,176 crore in the corresponding period of previous fiscal. ... read..

'Mee Annapurna' - An inclusive program for welfare of farmers, Bhoomiputras launched across Maharashtra
| May 19, 2020 6:41:50 PM IST
Mumbai (Maharashtra) [India], May 19 (ANI/PRNewswire): Maharashtra is the most affected state with the total number of cases surpassing 30,000 and the death toll nearing 1,100 due to the coronavirus pandemic. ... read..

MAT, India's second largest MBA entrance exam, goes online amidst COVID-19
| May 19, 2020 6:41:49 PM IST
Gurugram (Haryana) [India], May 19 (ANI/PRNewswire): Mercer | Mettl has partnered with AIMA (All India Management Association) as its assessment technology solution provider for conducting the online MAT (Management Aptitude Test) exam. ... read..

India's first paranormal helpline receives over 10 calls daily
| May 19, 2020 6:41:47 PM IST
New Delhi [India], May 19 (ANI/Digpu): Quarantine life in the time of COVID-19 pandemic is giving a variety of experiences to people. But, for a 23-year-old girl living alone in a flat in Kandivali, Mumbai the experience is quite haunting. Locked down alo ... read..

Stimulus package to provide relief for financial system but will not solve all issues: Moody's
| May 19, 2020 6:11:51 PM IST
Stimulus measures announced by the government last week as part of a Rs 20 lakh crore economic package will help ease asset risks for the financial sector but not fully offset the negative impact from coronavirus outbreak, Moody' s Investors Service said ... read..

Buses return on Telangana roads after 58 days
Hyderabad | Tuesday, 2020 5:45:06 PM IST
After a gap of nearly two months, buses returned to the roads in Telangana on Tuesday with the state government relaxing the lockdown norms to allow resumption of bus services. ... read..

Lex Sportel brings you the first-ever LIVE cricket under lockdown conditions - "BetBarter Vanuatu Blast T10 League"
| May 19, 2020 5:11:47 PM IST
New Delhi [India], May 19 (ANI/NewsVoir): 1SPORTS brings the first ever live cricket during the global COVID-19 pandemic shutdown for the benefit of billions of diehard cricket fans waiting to watch their favorite sport live! ... read..

Sugar consumption to be disturbed as bans on celebrations continue amid Covid-19
Mumbai (Maharashtra) | May 19, 2020 5:11:46 PM IST
Sugar consumption in the country will remain disrupted in coming months as lockdown measures have been extended amid coronavirus pandemic, according to a new report by Care Ratings. ... read..

Covid-19 to inflict loss of Rs 1 lakh crore on real estate sector in FY21: KPMG
New Delhi | May 19, 2020 5:11:37 PM IST
The consequent loss of Covid-19 pandemic outbreak to India's real estate sector is estimated to be Rs one lakh crore by the end of current financial year, according to a new report by global professional services firm KPMG released on Tuesday. ... read..

Major US automakers resume production
Washington | Tuesday, 2020 4:45:05 PM IST
Three major US automakers, General Motors (GM), Ford and Fiat Chrysler (FCA), have resumed production of vehicles with the return of employees to work in the states of Michigan and Ohio. ... read..

Equity indices close in positive zone, Bharti Airtel jumps 11 pc
Mumbai (Maharashtra) | May 19, 2020 4:41:51 PM IST
Equity benchmark indices rebounded on Tuesday after three sessions of losses with metal and auto stocks advancing on the back of positive global cues. ... read..

Intrapreneur reaping the rewards of efforts sown early - Kartik Nagarajan radiates intrapreneurial brilliance
| May 19, 2020 4:41:40 PM IST
New Delhi [India], May 19 (ANI/Digpu): Just because you come from a humble background, are not in the ivy league of academic background and start your career at the bottom doesn't mean you'll end your career in the same position. ... read..

Lactalis India pledges Rs 1.5 crores to PM Cares and state funds; joins the fight against COVID-19
| May 19, 2020 4:41:37 PM IST
Mumbai (Maharashtra) [India], May 19 (ANI/NewsVoir): Lactalis India, the India arm of Groupe Lactalis, world's largest dairy group has pledged Rs one crore to India's PM Cares fund as a gesture of solidarity to the country's fight against the global pande ... read..

Sensex up 500 points on positive global cues
Mumbai | Tuesday, 2020 4:15:06 PM IST
The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex rising over 500 points. ... read..

Thomas Goode & Co set for luxury refurbishment
| May 19, 2020 4:11:41 PM IST
London [UK]/Mumbai (Maharashtra) [India], May 19 (ANI/PRNewswire): The luxury tableware retailer Thomas Goode & Co's flagship Mayfair store is set to be part of a multi-million pound refurbishment by the building's owner, Cain International. ... read..

COVID-19 to inflict loss of Rs 76 lakh crore on real estate sector in FY21: KPMG
New Delhi | May 19, 2020 3:41:50 PM IST
The consequent loss of COVID-19 pandemic outbreak to India's real estate sector is estimated to be one trillion dollars (about Rs 76 lakh crore) by the end of the current financial year, according to a new report by global professional services firm KPMG ... read..

MPL launches India's first indigenous shooter game Rogue Heist
| May 19, 2020 3:41:45 PM IST
Bengaluru (Karnataka) [India] May 19 (ANI/NewsVoir): India's largest mobile gaming platform Mobile Premier League (MPL) has partnered with Mumbai-based game developer Lifelike Studios to launch Rogue Heist, India's first indigenous multi-player online sho ... read..

NBFIs face rising liquidity stress with risks looming for broader financial system: Moody's
| May 19, 2020 3:41:37 PM IST
Disruptions from the coronavirus outbreak will worsen economic slowdown in India that has been underway in the past year, accelerating the deterioration in asset quality at non-bank financial institutions (NBFIs), Moody's Investors Service said on Tuesday ... read..

Uber sacks 3,000 more employees, to shut 45 offices globally (Lead)
San Francisco | Tuesday, 2020 3:15:06 PM IST
Ride-hailing app Uber has announced to lay off nearly 3,000 more employees in the second round, along with closing or consolidating some 45 offices globally. ... read..

Haryana seeks interstate movement of buses
Chandigarh | Tuesday, 2020 3:15:06 PM IST
After starting intrastate movement, Haryana has now sought the consent of the neighbouring states to restart the interstate bus service, an official said on Tuesday. ... read..

Sodexo BRS India certified as 'Great Place to Work 2020'
| May 19, 2020 3:11:40 PM IST
Mumbai (Maharashtra) [India] May 19 (ANI/NewsVoir): Sodexo Benefits and Rewards Services, the leader in digital employee benefits in India has been certified as a 'Great Place to Work' in 2020. ... read..

NADA asks sports persons to maintain body and mind balance during pandemic
| May 19, 2020 2:11:38 PM IST
New Delhi [India], May 19 (ANI/NewsVoir): Charu Pragya, Vice-Chairperson, Anti Doping Disciplinary Panel, National Anti Doping Agency, NADA (Ministry of Sports, Government of India) interacted with the state, national and international level players and o ... read..

Flipkart partners with Vishal Mega Mart for home delivery of essentials in 26 cities
Bengaluru (Karnataka) | May 19, 2020 1:41:48 PM IST
E-commerce marketplace Flipkart on Tuesday announced a partnership with Vishal Mega Mart retail store chain to facilitate the delivery of essentials at consumers' doorstep in 26 cities across the country. ... read..

Uber to cut 3,000 more jobs amid COVID-19 pandemic
San Francisco | Tuesday, 2020 1:15:06 PM IST
Uber said that the company is cutting about 3,000 more jobs amid COVID-19 pandemic. ... read..

Natco donates Chloroquine for international study to prevent SARS-CoV-2 infection
Hyderabad (Telangana) | May 19, 2020 12:41:36 PM IST
Natco Pharma Ltd said on Tuesday it has donated Chloroquine phosphate tablets through its marketing partner in the United States Rising Pharmaceuticals to support a global clinical trial conducted by the CROWN Collaborative for protecting essential health ... read..

Dow soars over 900 points amid hopes for coronavirus vaccine
New York | Tuesday, 2020 12:15:05 PM IST
US stocks surged as investors eyed some encouraging news about a potential coronavirus vaccine. ... read..

63 pc Indian professionals will increase time spent on online learning: LinkedIn
New Delhi | May 19, 2020 12:11:43 PM IST
More than three in five or 63 per cent of Indian professionals will increase their time spent on online learning in future, according to LinkedIn's finding of its third workforce confidence index released on Tuesday. ... read..

Cyril Amarchand Mangaldas advises Axis Bank on acquisition of up to 30 per cent stake in Max Life
| May 19, 2020 11:41:47 AM IST
Mumbai (Maharashtra)/New Delhi [India] May 19 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised Axis Bank Limited (Axis Bank) on acquisition of up to 30 per cent stake in Max Life Insurance Company Limited (Max Life) from Max Financial Services Limited (M ... read..

Bharti Airtel shares jump 8.7 pc despite Q4 loss of Rs 5,237 crore
New Delhi | May 19, 2020 11:41:37 AM IST
The shares of telecom major Bharti Airtel jumped by 8.75 per cent during early hours on Tuesday despite the company reported a net loss of Rs 5,237 crore in the January to March quarter. ... read..

L&T Technology Services reports 11 per cent revenue growth in FY20
| May 19, 2020 11:11:47 AM IST
Mumbai (Maharashtra)/New Delhi [India] May 19 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised Axis Bank Limited (Axis Bank) on acquisition of up to 30 per cent stake in Max Life Insurance Company Limited (Max Life) from Max Financial Services Limited (M ... read..

Sri Balaji University Pune announces admissions 2020 to go online
| May 19, 2020 11:11:46 AM IST
New Delhi [India] May 19 (ANI/Digpu): The upsurge in the global pandemic of COVID 19 has heavily impacted the admissions cycle for the year 2020. Due to this crisis, Sri Balaji University has announced that the admissions for the year 2020 will be taking ... read..

Embassy Group brings together a consortium of corporates to support students appearing for the SSLC exams
| May 19, 2020 11:11:44 AM IST
Bengaluru (Karnataka) [India] May 19 (ANI/BusinessWire India): Embassy Group, India's leading real estate company, has partnered with a consortium of its corporate occupiers to support students taking their SSLC examinations during the COVID-19 pandemic. ... read..

Equity gauges in the green, metal and auto stocks gain
Mumbai (Maharashtra) | May 19, 2020 10:41:47 AM IST
Equity benchmark indices rebounded during early hours on Tuesday in line with global cues with metal and auto stocks gaining ground. ... read..

KEC International bags new contracts worth Rs 1,203 crore
Mumbai (Maharashtra) | May 19, 2020 10:41:39 AM IST
Infrastructure major KEC International said on Tuesday it has secured new orders of Rs 1,203 crore across various businesses.The transmission and distribution business along with SAE Towers bagged orders of Rs 917 crore for projects in India, Bangladesh, ... read..

Bharti Airtel reports net loss of Rs 5,237 cr in Q4
New Delhi | Tuesday, 2020 6:15:06 AM IST
Telecom major Bharti Airtel has reported a net loss of Rs 5,237 crore for the January-March quarter. ... read..

Canara Bank unveils gold loan scheme
Bengaluru | Tuesday, 2020 5:15:05 AM IST
State-run Canara Bank has unveiled a special gold loan scheme for diverse sectors with lower interest rate to overcome the financial fallout of the coronavirus pandemic, an official said on Monday. ... read..

redBus starts pre-registration to notify of bus services' restart
New Delhi | Tuesday, 2020 4:15:06 AM IST
Online bus ticketing platform redBus has introduced a pre-registration feature that helps users keep track of the opening of their desired bus routes amid the prevailing uncertainty over permit for inter-city operations. ... read..

Auto LPG industry seeks policy support, tax concessions
New Delhi | Tuesday, 2020 4:15:05 AM IST
Faced with serious challenges amid the coronavirus crisis, the automobile gas industry is seeking urgent policy help from the government to be able to support itself post the lockdown. ... read..

Maruti Suzuki resumes operations at Gurugram plant
New Delhi | Tuesday, 2020 1:45:06 AM IST
Maruti Suzuki India on Monday resumed its operations at its Gurugram plant, although with around one-third strength. ... read..

BSE's SME platform cuts annual listing fee by 25%
Mumbai | Tuesday, 2020 1:15:06 AM IST
In a bid to support the small and medium enterprises (SME), BSE has decided to bring down its annual listing fee on the BSE SME platform by 25 per cent. ... read..

WeWork India lays off 20% staff, says tough step needed for sustainable structure
New Delhi | Monday, 2020 11:45:07 PM IST
Co-working major WeWork India has decided to lay off around 20 per cent of its staff as the coronavirus pandemic hits its businesses and revenues across the globe. ... read..

Cyclone Amphan: Bhubaneswar-New Delhi trains' route diverted
New Delhi | Monday, 2020 11:15:06 PM IST
In the wake of the threat posted by cyclone Amphan, the Indian Railways on Monday said that the New Delhi-Bhubaneswar special train will run on a diverted route for the next four days. ... read..

Sensex slumps 1,000 points, Nifty ends below 9,000 (Lead)
Mumbai | Monday, 2020 10:45:06 PM IST
The Indian stock market tumbled on Monday with the BSE Sensex settling over 1,000 points lower, as the economic package announced by the government failed to cheer the investors. ... read..

28 Omani nationals airlifted from Hyderabad to Mumbai
Hyderabad | Monday, 2020 10:45:06 PM IST
Hyderabad's Rajiv Gandhi International Airport on Monday handled a departure repatriation flight for Omani nationals stranded in the city. ... read..

CAIT seeks revised economic package in support of traders
New Delhi | Monday, 2020 10:15:06 PM IST
Registering its displeasure over no stimulus for the trading community, the Confederation of All India Traders (CAIT) has asked Finance Minister Nirmala Sitharaman to reconsider the economic package and announce measures to support the trading community. ... read..

India's sugar production falls nearly 19% till May 15
New Delhi | Monday, 2020 10:15:06 PM IST
India's sugar production declined by nearly 19 percent as on May 15, however, 63 mills are still in operation in the ongoing sugar season 2019-20 (October-September). ... read..

Govt revenue can rise by Rs 30K cr by regulating non-Virginia tobacco: NHF
New Delhi | Monday, 2020 9:45:06 PM IST
Government revenue collections can increase by Rs 30,000 crore through regulation of non-Virginia tobacco and these funds can be used by the government for Covid-19 relief efforts, according to the National Health Forum. ... read..

Punjab undertakes labour-intensive jobs amid pandemic
Chandigarh | Monday, 2020 8:45:06 PM IST
Even as the state gets ready to utilise the additional allocation to MGNREGS to help the rural poor by creating livelihoods and assets, Chief Minister Amarinder Singh on Monday said the state has undertaken significant labour-intensive works in the villag ... read..

Canara Bank launches special gold loan business vertical
New Delhi | Monday, 2020 8:45:06 PM IST
Canara Bank on Monday said that it has launched a special business vertical dedicated for gold loans. ... read..

Pushing reforms agenda against co-op federalism: TN CM to Modi
Chennai | Monday, 2020 8:45:06 PM IST
Aggressively pushing a reforms agenda on which a consensus is yet to be built is not in keeping with the spirit of cooperative federalism, Tamil Nadu Chief Minister K. Palaniswami told the central government on Monday. ... read..

After Zomato, Swiggy sacks 1,100 workers as Covid-19 shuts Cloud kitchens (Lead)
New Delhi | Monday, 2020 8:15:06 PM IST
Joining arch rival Zomato, food delivery platform Swiggy on Monday announced to lay off 1,100 employees, nearly 14 per cent of its workforce, spanning across grades and functions in the cities and head office over the next few days as Covid-19 continues t ... read..

Major losses for Kashmir's apple industry during lockdown
Srinagar | Monday, 2020 8:15:06 PM IST
Kashmir's apple industry is facing a major crisis. The lockdown following the abrogation of article 370 last year was a huge setback and then early snowfall that destroyed the apple orchards, and now the coronavirus lockdown that has broken the supply cha ... read..

Sops suggested to revive tourism in UP in corona times
Lucknow | Monday, 2020 8:15:06 PM IST
Uttar Pradesh Director General (DG) of Tourism, Ravi Kumar N.G., has mooted a proposal under which the state government would pay 50 per cent of the salary of, at least, half of the employees working in the government run hotels, resorts and restaurants, ... read..

Airtel Business launches 'Work@Home' solution for enterprises
New Delhi | Monday, 2020 8:15:06 PM IST
Airtel Business, the business-to-business (B2B) arm of Bharti Airtel on Monday launched 'Work@Home' solutions for enterprises. ... read..

Cement dealers staring at 30% demand contraction
New Delhi | Monday, 2020 7:45:06 PM IST
Cement dealers across the country expect a significant slackening in sales, elongated credit period to retailers, and higher working capital needs in the wake of the Covid-19 pandemic this fiscal, a survey on the sector has said. ... read..

Consolidation in public sector oil firms back on table
New Delhi | Monday, 2020 7:45:06 PM IST
Government may revive plan for further consolidation in the public sector oil companies by allowing mergers between producing, marketing gas transportation and consultancy companies leaving just few large integrated entities in operation. ... read..

CMFRI for use of Rs 20,000 cr package to reform fisheries sector
Kochi | Monday, 2020 7:45:05 PM IST
The Central Marine Fisheries Research Institute (CMFRI) here on Monday said that priority should be given to boost infrastructure for fisheries while utilising a financial package of Rs 20,000 crore announced by the Centre under the ongoing Matsya Samapad ... read..

RBI directs HDFC to reduce stake in HDFC Ergo, HDFC Life to 50% or below
New Delhi | Monday, 2020 7:15:05 PM IST
The Reserve Bank of India has directed HDFC Limited to bring down its stake in its subsidiaries HDFC Ergo and HDFC Life Insurance to 50 per cent or below. ... read..

Announce revised comprehensive fiscal stimulus: Chidambaram
New Delhi | Monday, 2020 7:15:05 PM IST
After the central government announced five tranches of the economic package, former Union Finance Minister P. Chidambaram has expressed "thorough disappointment" and has requested the government to reconsider the stimulus package and announce a revised a ... read..

Luxury consumers to indulge in home design and furniture curation
| May 18, 2020 6:41:55 PM IST
Mumbai (Maharashtra) [India], May 18 (ANI/NewsVoir): According to Vita Moderna, a luxury furniture and interior design brand, the average luxury seeking consumer has developed requirements after spending a fair time in the comfort of their homes and for s ... read..

Fiona Diamonds honours corona warriors
| May 18, 2020 6:41:53 PM IST
Mumbai (Maharashtra) [India], May 18 (ANI/NewsVoir): Fiona Diamonds campaign "Real Heroes - Real diamonds of India" appreciates and expresses gratitude as a society to the true heroes of the coronavirus battle. ... read..

ITC Savlon launches hand sanitiser priced less than a cent
| May 18, 2020 6:41:52 PM IST
New Delhi [India], May 18 (ANI/PRNewswire): As the world braces to witness the new normal, hand hygiene is emerging as a global priority. The awareness of hand hygiene and the need is now a well-established conversation but often access to hand hygiene be ... read..

Carpathy launches Protect plus Car Revival and Sanitization Program in partnership with Gulf Oil
| May 18, 2020 6:41:50 PM IST
Gurugram (Haryana) [India], May 18 (ANI/NewsVoir): COVID-19 was unprecedented and unfortunate - leading to the country being shut down for more than two months. With markets now on the verge of gradually opening up, people now feel the need for safer and ... read..

Tata Consumer Products to acquire PepsiCo stake in NourishCo Beverages
Mumbai (Maharashtra) | May 18, 2020 6:41:44 PM IST
Tata Consumer Products said on Monday that it will acquire PepsiCo's stake in NourishCo Beverages, a 50:50 joint venture between the two companies. ... read..

Sany donates 1 Lakh N95 Masks and 5 Lakh 3 Ply Masks to govt of Maharashtra through MIDC
| May 18, 2020 6:41:40 PM IST
Pune (Maharashtra) [India], May 18 (ANI/NewsVoir): Supporting the government of Maharashtra in its fight against the COVID, Sany, a leading manufacturer of construction, mining and material handling equipment, heavy machinery and renewable energy solution ... read..

Oil prices recover on demand revival signs, Brent at $33/bbl
New Delhi | Monday, 2020 6:15:05 PM IST
Oil prices rose over $1 per barrel on Monday on signs of demand picking up slowly as several countries relaxed their lockdown norms and opened up economic activities. ... read..

Panchshil Foundation and Dr Cyrus Poonawalla to provide hotel accommodation to medical staff handling COVID-19 patients in Pune
| May 18, 2020 6:11:40 PM IST
Pune (Maharashtra) [India], May 18 (ANI/PRNewswire): Panchshil Foundation today announced that it has partnered with Dr Cyrus Poonawalla to provide hotel accommodation for doctors and nurses who are treating COVID-19 patients at Sassoon Hospital and Naidu ... read..

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