News

Imperative for businesses to join hands with govt, civil society, healthcare institutions: Infy CEO

ET News - 2 hours 52 min ago
CEO and MD of IT major, Infosys Ltd, Salil Parekh has said it's imperative for businesses to join hands with the governments, civil society and healthcare institutions in the battle to halt the spread of the novel coronavirus.
Categories: Business News

IT, data panel to work with Microsoft, Cisco for info flow to tackle Covid

ET News - 2 hours 52 min ago
“Start-ups and large corporates are also giving ideas on tackling this emergency. C-DAC Pune has offered supercomputing for gene sequencing of the virus, this we have passed on to ICMR (Indian Council for Medical Research),” a senior government official told ET, adding that the next step was working on the data.
Categories: Business News

In a 1st, UN Security Council adopts 4 resolutions remotely

ET News - 2 hours 52 min ago
The 15-nation powerful organ of the UN, chaired by Council President, China's Ambassador to the UN Zhang Jun, met via video-conferencing on Monday. For the first time, it adopted resolutions without the UNSC members being present in the Council chamber at the UN headquarters and voting or casting a veto by raising their hands.
Categories: Business News

Xerox abandons $35 billion hostile bid for HP

Reuters Business News - 4 hours 25 min ago
U.S. printer maker Xerox Holdings Corp walked away from its $35 billion hostile cash-and-stock bid for HP Inc on Tuesday, after the coronavirus outbreak weighed on its campaign to take over the PC and printing equipment manufacturer.
Categories: Business News

U.S. backs minimum flights on airline routes in assistance review

Reuters Business News - 4 hours 26 min ago
The U.S. Transportation Department on Tuesday proposed that passenger airlines should be required to maintain minimum numbers of flights as a condition for receiving aid from the government's $50 billion grant and loan fund.
Categories: Business News

U.S. launches probes into imports of aluminium sheet from 18 countries

Reuters Business News - 4 hours 43 min ago
The U.S. Commerce Department said on Tuesday it had launched trade investigations into imports of common alloy aluminium sheet from 18 countries, including Germany, Oman and Bahrain.
Categories: Business News

New York City to probe Amazon firing of warehouse worker

Reuters Business News - 4 hours 55 min ago
New York City Mayor Bill de Blasio said on Tuesday he had ordered the city's human rights commission to open an investigation into the dismissal of a worker at an Amazon.com warehouse who participated in a walkout.
Categories: Business News

Trump finalises rollback of Obama-era vehicle fuel efficiency standards

Reuters Business News - 5 hours 13 min ago
President Donald Trump's administration on Tuesday completed a rollback of U.S. vehicle emissions standards adopted under his predecessor Barack Obama and will require 1.5% annual increases in efficiency through 2026 - far weaker than the 5% increases in the discarded rules.
Categories: Business News

Coronavirus impact: SpiceJet to reduce salary of employees by 10-30%

Business Standard - 5 hours 19 min ago
The airline's Chairman and Managing Director, Ajay Singh, has also opted for a 30% cut in his March salary
Categories: Business News

Wall Street indices slip; Dow sees biggest quarterly drop in over 3 decades

Business Standard - 5 hours 29 min ago
S&P 500 suffering its deepest quarterly drop since the financial crisis
Categories: Business News

UK banks scrap dividends on coronavirus fears, pressure on bonuses

Reuters Business News - 5 hours 43 min ago
Britain's top banks said on Tuesday they would suspend dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.
Categories: Business News

​Government extends foreign trade policy by one year

ET News - 5 hours 52 min ago
As per the notification, the validity of various import-linked export schemes such as Duty Free Import Authorisation (DFIA) and Export Promotion Capital Goods (EPCG) have been extended by one year. Under EPCG, exporters can import certain amount of capital goods at zero duty for upgrading technology related with exports while DFIA allows them to import certain goods like sugar at zero duty.
Categories: Business News

Thieves use coronavirus shutdown to steal Van Gogh painting

ET News - 5 hours 52 min ago
Thieves broke into the Singer Laren museum (a small museum east of Amsterdam) in the middle of the night (around 3:15 am), smashed a glass door at the entrance and made off with the painting before the police arrived.
Categories: Business News

Karnataka quarantines 78 persons with links to Delhi's Tablighi Jamaat

ET News - 5 hours 52 min ago
“We have quarantined them because as a group they have met frequently and there is a chance of spread,” Additional Chief Secretary (Health) Jawaid Akhtar said . He said that even those who have participated in the congregation have claimed to have completed their isolation period of 14 days. “We are still keeping them under observation and doing medical check-up,” he added.
Categories: Business News

View: India is forced to implement all three strategies of combating the virus all at once

ET News - 5 hours 52 min ago
There might seem to be many options, but effectively there is only one. That is what India is looking at right now.
Categories: Business News

Covid-19: Empowered groups taking steps for stranded labourers

ET News - 5 hours 52 min ago
The empowered group on supplies and logistics, headed by Ministry of Drinking Water and Sanitation secretary Parameswaran Iyer, and the logistics committee set up last week are looking at options centred on the daily-wagers.
Categories: Business News

Lockdown must, helped in preventing spread of virus: Govt to apex court

ET News - 5 hours 52 min ago
The SG blamed the exodus on fake news which had triggered the panic seeking court intervention to deal with the menace. He said that the migrants on the roads were only a fraction of the huge population that migrates to cities in search of work.
Categories: Business News