News

Help banks, ATMs distribute financial package to poor, centre tells states

ET News - 4 hours 21 min ago
Taking note of non-functioning of banks in various places during the lockdown, Union home secretary Ajay Bhalla directed states and UTs to ensure bank branches remain functional, and cash management and maintenance agencies of ATMs are allowed.
Categories: Business News

Coronavirus cases near 1,400 in India amid lockdown; toll rises to 35

Business Standard - 4 hours 22 min ago
The death toll in India has risen to 35 from 10 at the time lockdown was announced on March 24.
Categories: Business News

IMD predicts warmer summer; experts unclear on whether it halts Covid-19

Business Standard - 4 hours 31 min ago
If there is any inverse relation between the spread of Covid-19 and high temperature, India might be in for a better spot
Categories: Business News

Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades

Reuters Business News - 4 hours 33 min ago
Wall Street's three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.
Categories: Business News

Stocks fall, close out biggest quarterly drop since 2008

Reuters Business News - 4 hours 34 min ago
Global stock markets fell in volatile trading on Tuesday, and the economic damage from the coronavirus pandemic left the MSCI benchmark of world equities with its biggest quarterly decline since the financial crisis of 2008.
Categories: Business News

Covid-19: Centre allows 100% tax rebate for contributions to PM CARES

Business Standard - 4 hours 35 min ago
This brings its tax treatment on a par with the Prime Minister National Relief Fund.
Categories: Business News

Banks extending emergency loans to salaried, entrepreneurs after rate cut

Business Standard - 4 hours 40 min ago
However, most are extending it to their existing customers only
Categories: Business News

Develop innovative methods to fund requirements: FM Sitharaman at G20

Business Standard - 4 hours 42 min ago
She was speaking at the 2nd Extraordinary G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, held in a virtual manner.
Categories: Business News

Apparel industry could lose Rs 1 trn due to lockdown, say manufacturers

Business Standard - 4 hours 50 min ago
It has requested the government to consider both wage subsidies and working capital support
Categories: Business News

Coronavirus impact: India and China may escape global recession, says UN

Business Standard - 4 hours 54 min ago
With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a $2.5 trillion a rescue package
Categories: Business News

Govt cuts domestic natural gas price by 26% for first half of FY21

Business Standard - 4 hours 58 min ago
The rate for gas produced from difficult fields will be $5.61 mBtu on gross calorific value basis.
Categories: Business News

Govt extends foreign trade policy, other export benefits for one year

Business Standard - 4 hours 58 min ago
Currently, tax benefits are provided under the Merchandise Export from India Scheme for goods and the Services Export from India Scheme).
Categories: Business News

U.S. offers to lift Venezuela sanctions for power-sharing deal, shifting policy

Reuters Business News - 5 hours 6 min ago
The Trump administration on Tuesday offered to begin lifting Venezuela sanctions if the opposition and members of President Nicolas Maduro's Socialist Party form an interim government without him, marking a shift in a U.S. policy that has failed to end his grip on power.
Categories: Business News

PPF to fetch 7.1%, NSC 6.8% as govt cuts small savings interest rates

Business Standard - 5 hours 6 min ago
This is because the government went for one of the steepest cuts of up to 1.4 percentage points in these interest rates to facilitate banks to lower their rates.
Categories: Business News

Huawei global sales rise 19% despite 'US sanctions'; profit up 5.6%

Business Standard - 5 hours 12 min ago
Huawei Technologies Ltd. is embroiled in a series of disputes with Washington
Categories: Business News

New tax rules: Here're the changes that come into effect from today

Business Standard - 5 hours 13 min ago
Those who buy mobile handsets have to shell out more as goods and services tax rates on them have been hiked.
Categories: Business News

RBI reallocates portfolios of deputy governors after Vishwanathan retires

Business Standard - 5 hours 18 min ago
RBI now functions with three deputy governors - B.P. Kanungo, M.K. Jain and Michael Patra
Categories: Business News

Fiat Chrysler does not see delay in PSA merger, FIOM union says

Reuters Business News - 5 hours 18 min ago
Fiat Chrysler did not mention any possible delay in the merger process with France's PSA during a call with unions on Tuesday, metal workers' union FIOM said.
Categories: Business News

Oil ends March with biggest monthly and quarterly losses ever

Reuters Business News - 5 hours 23 min ago
Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both U.S. and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus pandemic and the eruption of a price war between Russia and Saudi Arabia.
Categories: Business News

After Rs 21,000-cr turnover in 2019-20, HAL eyes higher growth this year

Business Standard - 5 hours 28 min ago
Rs 19,000 crore remains outstanding from the three defence services
Categories: Business News