Bharti AXA Life introduces insurance with guaranteed returns, maturity benefits in COVID times
Dec 17, 2020, at 12:18 am
Kolkata/IBNS: Leading private insurer Bharti AXA Life Insurance on Wednesday announced the launch of its novel plan - Bharti AXA Life Guaranteed Income Pro - that offers life insurance along with maturity benefits and guaranteed returns.
Revealed: The cost of the pandemic on world's poorest countries
Dec 04, 2020, at 09:19 pm
New York: More than 32 million of the world’s poorest people face being pulled back into extreme poverty because of COVID-19, leading UN economists said on Thursday, highlighting data showing that the pandemic is likely to cause the worst economic crisis in decades among least developed countries (LDCs).
Dec 04, 2020, at 09:17 pm
New York: An additional 207 million people could be pushed into extreme poverty by 2030, due to the severe longterm impact of the coronavirus pandemic, bringing the total number to more than a billion, a new study from the UN Development Programme (UNDP) has found.
Asia-Pacific countries commit to advance regional cooperation for sustainable connectivity
Nov 13, 2020, at 09:12 pm
Bangkok: Recognising that the COVID-19 pandemic has caused widespread socio-economic impacts and disruptions across Asia-Pacific, high-level officials called for a rethink on the future development of sustainable transport connectivity and mobility in the region at the sixth session of the Committee on Transport on Friday, an Economic and Social Commission for Asia and the Pacific (ESCAP) press release notified.
Govt announces Rs 29.88 Lakh Crore stimulus package to revive Covid-hit Indian economy
Nov 12, 2020, at 11:50 pm
New Delhi/IBNS: In a bid to ward off the gloom surrounding the Indian economy hit by Covid-19 restrictions, the government today announced a slew of measures, including tax relief for home buyers as well as the real estate developers.
India in 'technical recession' as RBI predicts GDP contraction of 8.6% for July-Sept quarter
Nov 12, 2020, at 06:54 pm
New Delhi/IBNS: India's central bank on Thursday said the country has likely entered into a technical recession besides predicting a contraction in Gross Domestic Product (GDP) of 8.6% in the July-September quarter, media reports said.
Uber introduces Rider mask verification selfie in India
Oct 20, 2020, at 12:11 am
Mumbai/UNI: Uber on Monday introduced a new safety policy, which will request riders, who have been tagged for not wearing masks on a previous trip, to take a selfie which shows them wearing a mask, in order to book their next trip.
India's total COVID-19 recoveries cross the landmark milestone of 50 lakh
Sep 28, 2020, at 09:37 pm
New York: India’s total recoveries have crossed the landmark milestone of 50 lakh today (50,16,520, the centre said on Monday.
Post COVID-19 lockdown: Nepali tea gets higher price in Indian market
Sep 28, 2020, at 03:42 pm
Kathmandu/New Delhi: Post COVID-19 lockdown situation, the price of Nepali tea leaves has increased in the Indian market.
TimesJobs with Radio Mirchi launches special campaign for jobs amid pandemic
Sep 08, 2020, at 07:06 pm
Kolkata/IBNS: E-recruitment site TimesJobs and popular radio station Radio Mirchi has launched a special campaign for those whose careers have been affected by the pandemic crisis.
India's GDP at -23.9 pc marks worst contraction on record
Sep 01, 2020, at 02:47 am
New Delhi/IBNS: India's GDP contracted 23.9 percent in the April-June quarter, the worst ever performance on record, the National Statistical Office (NSO) data showed today.
Aug 28, 2020, at 12:57 am
Mumbai/IBNS: The Reserve Bank of India’s (RBI) framework for Covid-19 solutions is well thought and taken after due consultations, Governor Shaktikanta Das said Thursday, adding that the central bank’s response to COVID-19 is unprecedented.
Aug 25, 2020, at 09:35 pm
Kolkata: Bengal Chemicals & Pharmaceutical Ltd (BCPL), a public sector Enterprise under the Ministry of Chemicals and Fertilizers, has scaled up its production activities to cater to the demand increasing manifold since the outbreak of COVID-19 pandemic.
New measures to restructure loans by banks a 'durable' resolution says RBI Governor
Aug 25, 2020, at 04:25 am
Mumbai/IBNS: Ahead of the expiry of the six-month loan repayment freeze on August 31, Reserve Bank of India Governor Shakti Kanta Das in an interview to CNBC Awaz said the new measures introduced to enable the banks to restructure loans will provide a "durable" resolution to the businesses constrained for money due to Covid-19, save jobs and in turn revive the economy, said a Bloomberg report.
COVID-19 pandemic to hit hard 220 mln young workers in Asia-Pacific: ADB
Aug 18, 2020, at 10:11 pm
Manila/Xinhua: The COVID-19 pandemic will hit hard nearly 220 million young workers aged 15 to 24 in Asia-Pacific region, according to a report released by the Asian Development Bank (ADB) on Tuesday.
US firms are optimistic about investing in India, says San Francisco based Indian Consul General
Aug 14, 2020, at 11:33 pm
New Delhi/IBNS: India and the United States shares many common interests and a strong bilateral relation, said Dr. T.V. Nagendra Prasad, Consul General, Consulate General of India, San Francisco, recently.
Dr Reddy's Labs net profit declines 12.6 pc to Rs 579.3 cr in June qtr
Jul 29, 2020, at 08:47 pm
Hyderabad/IBNS: Drug manufacturer Dr Reddy's Labs has said its net profit in the June quarter declined 12.60 per cent to Rs 579.3 crore compared with Rs 662.8 crore during the same quarter last month.
Kamdhenu Group donates Rs 71 lakh to PM-CARES Fund
Jul 28, 2020, at 01:59 am
Kolkata/IBNS: Kamdhenu Group, a diversified player in the steel and paints industry, said that it has donated Rs 71 lakh to the Prime Minister-CARES Fund as part of COVID-19 pandemic related relief measures.
Laying off employees in Covid-19 times not a solution for companies: Ratan Tata
Jul 24, 2020, at 04:53 pm
Mumbai/IBNS: Contradicting several companies' steps to reduce workforce to sail through the Covid-19 times, Indian industrialist Ratan Tata felt laying off employees can never be the solution to tackle the financial crisis caused due to the pandemic and the subsequent lockdown.
Petrol, diesel demand nosedives in first half of July: Report
Jul 18, 2020, at 08:28 pm
New Delhi/IBNS: State-run oil refineries registered a sharp decline in petrol, diesel sales in the first of half of July as rise in retail prices and renewed coronavirus triggered lockdown in several parts of the country hit demand, said a Reuters report.
Indian Rupee bounces back 27 paise against USD
Jul 15, 2020, at 10:15 pm
Mumbai/UNI: Erasing yesterdays losses, the Rupee on Wednesday jumped by 27 paise
Economy showing signs of improvement but medium term outlook still uncertain: RBI Governor
Jul 11, 2020, at 08:35 pm
Mumbai/IBNS: RBI Governor Shakti Kanta Das has said the economy has started showing signs of improvement with the easing of over two months of strict lockdown but "a very careful trajectory" has to be followed after the pandemic is over.
SpiceJet facilitates insurance of passengers for COVID-19 hospitalisation starting at Rs. 443
Jul 08, 2020, at 07:05 pm
Gurugram/IBNS: Airlines major SpiceJet has facilitated insurance cover for COVID-19 hospitalisation which can be availed by its passengers – a first-of-its-kind initiative by an airline in India.
Coronavirus: Jammu dry fruit dealers claim of losses worth over Rs 125 crores, appeal for package
Jul 06, 2020, at 05:05 pm
Jammu/UNI: With dark clouds hovering over commencement of Shri Amarnath Yatra and pilgrimage to Shri Mata Vaishno Devi Shrine, the dry fruit dealers of Jammu have claimed of losses over 125 crores in the peak months of June and July.
RBI announces special liquidity scheme for NBFCs and HFCs through a SPV
Jul 01, 2020, at 05:16 pm
Mumbai/IBNS: In the bid to improve the liquidity position of the NBFCs and HFCs amid the sagging economic situation triggered by Covid-19 pandemic, the government has approved a special scheme to prevent potential systemic risk in the financial sector, the Reserve Bank said on Wednesday.
Covid-19 puts brakes on automobile, auto parts exports in May: EEPC India
Jun 29, 2020, at 02:44 pm
Kolkata/IBNS: Covid-19 public health crisis has taken a massive toll on exports of India's automobiles in May, 2020 with as much annualised erosion as 98 per cent and 65 per cent in shipments to key markets like the US and Mexico respectively, according to an EEPC India analysis.
What will power the post-pandemic global economic recovery?
Jun 27, 2020, at 04:53 pm
New York/IBNS: As governments try to kick-start their economies, the UN is calling for recovery plans to be built around low-carbon technologies, to avoid a return to fossil-fuel based business as usual.
CERT warns against possible phishing attack in India
Jun 26, 2020, at 08:17 pm
Kolkata/IBNS: The Indian Computer Emergency Response Team (CERT-In) has issued an advisory recently warning about a possible phishing attack by cyber criminals against people in India with the intent to steal personal data, including bank account information, using the email id - ncov2019@gov.in.
Glenmark's shares surge after getting government approval for Covid-19 drug
Jun 22, 2020, at 12:34 pm
Mumbai/IBNS: The shares of Glenmark Pharmaceuticals on Monday surged days after getting an approval from the Drugs Controller General of India (DCGI) to market and manufacture antiviral drug Favipiravir, to be sold under the brand name FabiFlu, for the treatment of Covid-19 patients having mild to moderate symptoms.
COVID-19 could drive global poverty back over one billion people: Study
Jun 12, 2020, at 08:06 am
New York: In dramatic new numbers researchers estimate that extreme poverty could spike as a result of the COVID-19 pandemic, on the day the postponed meeting of the world’s richest nations, the G7, should have finished.