The Economic Times: Latest business, finance, markets, stocks, company news from India.
Updated: 2 hours 13 min ago
The more than 18-month-old credit crisis began with IL&FS’ default in late 2018, and has hindered recovery in an economy grappling with slowing economic growth.
Global equities have now fallen for six days, and W-Street's volatility gauge was near 2018 highs.
The government has asked banks to clear by March 15 about 1.18 lakh pending loan applications under the Prime Minister Employment Generation Programme (PMEGP), which promotes self-employment through setting up of micro enterprises.
The Nano Lab will showcase the latest breakthroughs in applied research from Accenture Labs worldwide, featuring uses for advanced technologies such as artificial intelligence, extended reality and quantum computing. It will allow clients to connect with researchers in Accenture Labs globally through immersive sessions and workshops.
This is the first time Salman Khan has collaborated with a smartphone brand in India. Other popular brands such as Oppo, Vivo and Xiaomi had roped in various celebrities to advertise theirproducts.For example, Oppo signed actors Ranbeer Kapoor, Katrina Kaif andsinger-rapper Badshah to endorse its Reno series.
The deal intensifies the already heated rivalry between Beyond Meat and other plant-based meat producers - including Impossible Foods, Kellogg Co's Morningstar Farms, Cargill Inc and Nestle SA's Sweet Earth - which have been vying for shelf space at retailers and for deals with food service outlets.
German airline Lufthansa said Wednesday it would freeze new hires and use unpaid leave and additional short-time work to cut costs to help cushion the economic impact of the novel coronavirus.
Modi and President Myint held talks at Hyderabad House and 10 pacts were signed between the two countries. The focus of many agreements was on development projects under India's assistance, particularly in Rakhine state.The Rakhine state has witnessed a lot of violence in the past and scores of Rohingyas had fled the state facing persecution.
I am in the camp which believes that whenever this problem is resolved, we would have a V-shaped type of recovery, said Founder and Director of Elixir Equities
The buy-back price is at a premium of 40% over the closing market price on Feb 25 the statement said.
Economists remain divided about whether the economy will rebound or will slow down further in the December quarter. Many estimates so far point towards a modest pick-up, but these may not matter much given that predictions for the previous quarters have gone widely off the mark.
"I think it (economy) will bounce back. It has tremendous potential. I see light at the end of the tunnel, it is not far. The economy will kick start soon," mining baron Anil Agarwal said adding the rollout of Goods and Services Tax (GST) had a temporary impact but it is being straightened now.
India has been slow to get involved in Asia’s very sophisticated supply chain for production across countries where China is the epicentre. This has helped India from feeling the real damage of the coronavirus, which has brought many industries, in and outside China, to a standstill.