COVID-19: The global food supply chain is holding up, for now
Apr 04, 2020, at 01:56 pm
New York/IBNS: The unfolding COVID-19 pandemic is so far having little impact on the global food supply chain, but that could change for the worse – and soon – if anxiety-driven panic by major food importers takes hold, the World Food Programme (WFP) warned on Friday.
Volkswagen to ship 75,000 COVID-19 gowns, masks to New York hospitals - Statement
Apr 04, 2020, at 12:25 pm
New York/Sputnik/UNI: Volkswagen, together with the carmaker’s fabrics supplier Faurecia, announced that they have made an initial batch of 70,000 pairs of medical gowns and 5,000, to be shipped to hospitals in the New York City area before the end of the week.
World economy is now in recession, worse than 2008 crisis: IMF
Apr 04, 2020, at 10:29 am
Washington/IBNS: International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday warned that the world economy is currently in 'recession' and it is worse than the 2008 scenario.
Apr 03, 2020, at 09:40 pm
Goa/IBNS: Deltin Group, engaged in the gaming and hospitality industry in India, has donated Rs 5.10 million to Goa’s Chief Minister Relief Fund to pledge its support to the fight against the COVID-19 pandemic.
Apr 03, 2020, at 07:28 pm
Mumbai/Delhi/IBNS: LimeTray, an India-based food tech platform, has rolled out an online ordering system to enable local grocery, meat as well as local kirana shops to accept customer orders online through its platform, thus helping everyone to maintain the necessary 'social distancing' following the Covid19 outbreak.
Apr 03, 2020, at 07:10 pm
New Delhi/IBNS: To ensure that supply of medical and pharmaceutical products remain uninterrupted against the backdrop of the global Covid-19 outbreak, Blue Dart, the express air and integrated transportation & distribution company, has deployed its 757 Boeing freighters with additional new routes.
Apr 02, 2020, at 06:11 pm
Mumbai/IBNS: Piramal Group, an Indian business conglomerate with a global footprint, has pledged Rs 25 crores towards the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM Cares Fund) to aid the fight against Covid-19.
Standard Chartered to donate INR 5 crore to support fight against COVID-19
Apr 01, 2020, at 05:16 pm
New Delhi/IBNS: Standard Chartered Bank on Wednesday announced its commitment to donate INR 5 crore to support the fight against COVID-19 virus in India.
Apr 01, 2020, at 02:02 pm
Rome/Kolkata: Several companies from Italy – one of the nations worst-hit by the Covid 19 pandemic and a resulting dismal economy – are looking forward to furthering their business with India when life returns to a normal pace, according to Italy-based ArtValley, which hosts projects and international forums for the promotion of specific cultural and geo-political initiatives.
World Bank lowers Malaysia's growth to -0.1 pct on COVID-19 impact
Apr 01, 2020, at 12:45 pm
Kuala Lumpur/Xinhua/UNI: The World Bank on Tuesday revised down Malaysia's gross domestic product (GDP) growth projection this year sharply to -0.1 percent from 4.5 percent, to reflect the severity of the economic impact of the COVID-19 outbreak.
COVID-19 impact: Recession to hit developing nations, may spare India and China, says UN report
Mar 31, 2020, at 06:32 pm
New York/IBNS: The world economy will go into recession this year with a predicted loss of global income in the trillions of dollars, causing serious trouble for developing countries, with the likely exception of China and the possible exception of India, as per a UN trade report released on Monday.
$2.5 trillion COVID-19 rescue package needed for world’s emerging economies
Mar 31, 2020, at 01:42 pm
New York/IBNS: The economic fallout from COVID-19 is likely to get “much worse” before it gets better for some six billion people living in developing economies, the UN said on Monday, in an appeal for a $2.5 trillion rescue package to boost their resilience to further hardship.
East Asia and Pacific: Countries must act now to mitigate economic shock of COVID-19
Mar 31, 2020, at 11:00 am
Washington/IBNS: The virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from trade tensions and struggling with COVID-19, now face the prospect of a global financial shock and recession.
Mar 31, 2020, at 10:26 am
Bangalore/IBNS: In its determined endeavors to counter the repercussions brought about by COVID-19 and the nationwide lockdown that followed, Toyota Kirloskar Motor (TKM) on Tuesday, announced Dealer Support Package - ‘COVID Package’ for its associates in order to support and protect their interests.
HAL to donate Rs 26.25 cr to PM-CARES Fund through CSR
Mar 30, 2020, at 05:40 pm
Bengaluru/UNI: Public Sector HAL has pledged Rs 20 crore from its CSR fund to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund.
Tata Trusts commits Rs 500 crore to fight COVID 19 outbreak
Mar 28, 2020, at 05:50 pm
New Delhi/IBNS: In a bid to fight against COVID 19 outbreak in India, Tata Trusts has committed Rs. 500 crores to all affected communities.
Indian Rupee ends strong at 74.88 against USD
Mar 27, 2020, at 06:42 pm
Mumbai/UNI: Rupee on Friday closed at 74.88, registering a major gain of 35 paise against the greenback on the selling of dollars by bankers and exporters, dealers at the forex market said.
RBI measures will give 'much-desired relief', says Finance Minister Nirmala Sitharaman
Mar 27, 2020, at 04:33 pm
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Friday welcomed the RBI announcement of massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the Covid-19 pandemic and maintained that three month moratorium on payments of term loan instalments and interest on working capital will give much-desired relief.
Repo rate slashed by 75 basis points to 4.4 percent: RBI Guv
Mar 27, 2020, at 10:24 am
Mumbai/IBNS: The Reserve Bank of India on Friday announced that repo rate has been slashed by 75 basis points to 4.4 percent.
Mar 26, 2020, at 05:58 pm
Kolkata/IBNS: The Union Government has already identified the list of jobs and services deemed "essential" and, therefore, these are not required to be in lockdown for the next few weeks.
Mar 26, 2020, at 05:55 pm
Bengaluru/IBNS: In the midst of Covid-19 crisis, Syndicate Bank has announced a number of measures for employee safety and uninterrupted banking for customers.
COVID-19: FM Sitharaman announces mega package for health workers, farmers, poor people
Mar 26, 2020, at 03:07 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Thursday came out with a mega package of Rs. 1,70,000 crore under "Pradhan Mantri Gareeb Kalyan Scheme" to support health workers, poor people, farmers, women and other marginalised sectors as the country is in lockdown mode to combat COVID-19.
Canara Bank extends its support to customers
Mar 26, 2020, at 01:53 pm
Kolkata/IBNS: Canara Bank, as a socially responsible organisation is always at the forefront to extend its support to its customers. In the wake of Covid-19 crisis, Customers are advised to stay safe and connect to the Bank through various digital modes.
COVID-19: FM Sitharaman announces Rs. 50 lakh as insurance for health workersÂ
Mar 26, 2020, at 01:33 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Thursday announced an insurance of Rs. 50 lakh for three months to all health workers who are treating COVID-19 patients.
Visit Bank branches only for urgent needs : AIBEA to customers
Mar 25, 2020, at 06:23 pm
Hyderabad/UNI: All India Bank Employees' Association (AIBEA) on Wednesday appealed to customers to visit bank branches only for their urgent needs.
COVID-19: Flipkart shuts operations temporarily
Mar 25, 2020, at 06:21 pm
Bengaluru/UNI: Walmart-owned Flipkart on Wednesday said that it was suspending its operations temporarily as India entered into a 21-day lockdown to contain the spread of Covid-19 pandemic.
MG Motor India announces donation of Rs. 2 crore towards medical aid
Mar 25, 2020, at 01:13 pm
New Delhi/IBNS: MG Motor India on Tuesday announced a donation of Rs. 2 crore for the government hospitals and health institutions providing medical assistance in Gurugram and Halol (Vadodara), where the carmaker’s facilities are located – to ensure the health and well-being of the medical staff and underprivileged sections of society.
Global economy to contract 1.5 pct in 2020 amid COVID-19 outbreak: IIF
Mar 24, 2020, at 05:35 pm
Washington/Xinhua/UNI: The global economy is expected to contract 1.5 percent in 2020 amid the ongoing COVID-19 outbreak, according to the forecast released by the Institute of International Finance (IIF) on Monday.
Mar 24, 2020, at 10:39 am
Bangalore/IBNS: Considering the recent developments on the COVID-19 outbreak in the country, on 22nd March Toyota Kirloskar Motor said it has voluntarily decided to temporarily halt production in its plant in Bidadi, Karnataka.
Fight against COVID 19: Mahindra to make ventilators
Mar 23, 2020, at 04:11 pm
New Delhi/IBNS: Mahindra Group chairman Anand Mahindra has said the company immediately begin work to explore how its factories could make ventilators.