Canara Bank launches 'Corona Kavach' Insurance Policy
Aug 01, 2020, at 10:34 pm
Thiruvananthapuram/UNI: Canara Bank has launched a short-term COVID specific health insurance plan 'Corona Kavach', that will cover hospitalisation expenses related to the treatment of COVID-19.
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.
Senco Gold and Diamonds Chairman Shaankar Sen dies at 63
Jul 29, 2020, at 03:10 am
Kolkata/IBNS: Senco Gold and Diamonds Chairman and Managing Director Shaankar Sen died in Kolkata on Tuesday. He was 63.
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.
Passenger vehicle sales drop by 50 pc in June amid coronavirus lockdown
Jul 14, 2020, at 07:33 pm
Mumbai/IBNS: Car and sports utility vehicle (SUV) sales in the country dropped 49.59 per cent last month compared to the same period last year, said Society of Indian Automobile Manufacturers (SIAM) as coronavirus induced lockdown worsened the prevailing weak demand, said a media report.
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.
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.
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.
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.
Jun 10, 2020, at 06:59 pm
Mumbai/IBNS: Parle G, the biscuit brand which has been a favourite of the masses since decades, recorded unprecedented sales during the lockdown period, said a senior company official, according to media reports.
Coronavirus: World Bank confirms deepest recession since World War Two
Jun 09, 2020, at 09:08 am
New York/IBNS: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.
India's foreign exchange reserves soar amid Covid-19 pandemic
Jun 05, 2020, at 10:03 pm
Mumbai/IBNS: At a time when India is facing a fresh economic challenge triggered by coronavirus pandemic, the Reserve Bank of India said country's foreign exchange reserve has increased by USD 3.43 billion to a new all-time high of $493.48 billion for the week ended May 29 following handsome accumulation of the core currency assets.
We must unlock out of Corona responsibly or all our efforts may go waste, says state health minister
Jun 02, 2020, at 09:37 pm
Kolkata/IBNS: The Coronavirus has changed our lives for a long time to come and it is here to stay but the one good thing that has helped us Indians is that we have better immunity than several other countries in the world, said Ashwini Kumar Choubey, Minister of State for Health and Family Welfare and Chief Guest at the ASSOCHAM organised Web Conference on Relevance and importance of Health and Wellness in Covid-19 here on Tuesday.
Italy might face up to 1Mln job cuts due to COVID-19 pandemic
May 29, 2020, at 08:22 pm
Rome/Sputnik/UNI: From 700,000 to 1 million people in Italy might lose their jobs due to the economic effects of the COVID-19 pandemic, the head of industrial employers group Confindustria, Carlo Bonomi, said on Friday.
Ranveer Singh spearheads Kotak 811 Campaign on Zero-Contact
May 26, 2020, at 11:52 pm
Kolkata/IBNS: Kotak Mahindra Bank (Kotak) on Tuesday unveiled its Kotak 811 campaign on India’s first zero-contact, Video KYC savings account featuring Bollywood star Ranveer Singh.
Drug firm Moderna's COVID-19 vaccine shows positive result, share prices rise
May 18, 2020, at 11:34 pm
New York/IBNS: American biotech company Moderna Inc said its COVID-19 vaccine, which is still in the test phase, has shown success in a small initial trial with the vaccine producing virus-neutralising antibodies similar to that found in patients recovered from the infection, triggering a rise in its share prices by 25 per cent.
Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA
May 14, 2020, at 05:11 pm
Moscow/ Sputnik: Global oil supply will fall in May to a nine-year-low of 88 million barrels per day, as the new OPEC+ oil production cuts deal will take effect, the International Energy Agency (IEA) said on Thursday.
What to expect from Centre's Rs. 20 lakh crore economic package: Report
May 13, 2020, at 03:25 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman at 4 pm on Wednesday will share the details of the mega stimulus economic package worth Rs. 20 lakh crore announced by Prime Minister Narendra Modi last night.
Lockdown Impact: IIP for March shrinks by record margin of 16.7%
May 12, 2020, at 10:43 pm
New Delhi/ IBNS: India's factory output shrank by a record 16.7 per cent in March 2020 as a result of minimal economic activity due to nationwide lockdown imposed to contain the spread of coronavirus.
COVID-19 lockdown measures will worsen poverty, vulnerabilities among informal economy workers: ILO
May 09, 2020, at 12:19 pm
Geneva/IBNS: COVID-19 lockdown and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points in low-income countries, says a new briefing paper issued by the International Labour Organization.
COVID-19 economic impact: CII bats for an immediate stimulus package of Rs 15 lakh crore
May 09, 2020, at 10:04 am
New Delhi/IBNS: Top industry body The Confederation of Indian Industry (CII) on Friday said a stimulus package of Rs 15 lakh crore is needed to tackle the impact of a prolonged lockdown on the country's economy.
Delhi government imposes 70 percent 'Special Corona Fee' on liquor
May 05, 2020, at 11:17 am
New Delhi/UNI: The Delhi government has decided to impose a 70 percent 'Special Corona Fee' on the Maximum Retail Price(MRP) on the bottle of liquor, sources said here on Monday night.
Covid-19: Ola launches ‘10 Steps to a Safer Ride’ for driver-partners and customers
May 04, 2020, at 05:02 pm
New Delhi/IBNS: With the Ministry of Home Affairs (MHA) easing restrictions in select zones across the country, Ola, India’s leading mobility platform and one of the world’s largest ride-hailing companies, today launched a new safety initiative, ‘10 Steps to a Safer Ride’ as operations resume in over 100 cities which are in green and orange zones.
Lockdown income-loss forces workers to lay hands on Provident Fund savings
Apr 28, 2020, at 12:07 am
Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.
SAIL continues to be at forefront of India’s fight against Corona
Apr 27, 2020, at 07:34 pm
New Delhi/UNI: Steel Authority of India Limited (SAIL) continues to be at the forefront of India’s fight against COVID-19.Under the guidance of Steel Minister Dharmendra Pradhan, SAIL has contributed Rs 4 crore to four states -- Jharkhand, Odisha, Chhattisgarh and West Bengal where its five integrated steel plants are located.
Centre rejects report by IRSÂ officials suggesting Income Tax hike, calls it ill conceived
Apr 27, 2020, at 12:01 am
New Delhi/ IBNS: The Centre has rejected a report prepared by a group of IRS officers that suggested a 40 per cent hike in the income tax rate, a 4 per cent Covid-19 relief cess and imposing a super-rich tax, finance ministry officials have said, reported media.
Apr 26, 2020, at 11:35 pm
New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.
Indian govt employees, pensioners not to get hike in DA till June 2021 due to Coronavirus outbreak
Apr 23, 2020, at 02:57 pm
New Delhi/UNI: The additional installment of Dearness Allowance to Central government employees and Dearness Relief to Central government pensioners due from January 1, 2020, will not be paid because of the financial strains due to the Novel Coronavirus crisis, the government said on Thursday.
Buzinessbytes salutes real-life Covid-19 heroes
Apr 22, 2020, at 10:09 pm
New Delhi: Buzinessbytes, a one-stop solution of news requirements, recently launched a video saluting the real-life heroes who have made it possible to lead a good life despite coronavirus pandemic.
EU needs roughly $1.6 trillion to overcome COVID-19 crisis – Economic Commissioner
Apr 20, 2020, at 06:55 pm
Moscow/Sputnik: Tackling the implications of the coronavirus epidemic will likely cost the European Union an approximate 1.5 trillion euros ($1.6 trillion), EU Commissioner for Economy Paolo Gentiloni said in an interview with Germany's Spiegel on Monday.