Apr 16, 2020, at 08:41 pm
New Delhi/ IBNS: Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman met on Thursday to discuss the much-awaited financial package to mitigate the negative impact of COVID-19, said media reports.
SBI waives ATM transaction charges
Apr 16, 2020, at 05:10 pm
Mumbai/IBNS: India's largest bank State Bank of India (SBI) has waived charges for its customers on all transactions made on SBI ATMs and other bank ATMs, after exceeding free transactions, till June 30.
Indian exports and imports nosedive in March
Apr 16, 2020, at 12:43 am
New Delhi/ IBNS: Indian exports and imports declined by record volumes in March, as countries across the world sealed their borders to fight the COVID-19 outbreak.
Income Tax Dept issues 10.2 lakh refunds worth Rs 4,250 crores in one week
Apr 15, 2020, at 11:00 pm
New Delhi/IBNS: The Income Tax department has released 10.2 lakh refunds worth Rs 4,250 crores in a week's time, the Central Board of Direct Taxes (CBDT) said on Wednesday.
Global Economy to Shrink 2.8 percent in 2020 Due to Coronavirus Pandemic - Report
Apr 15, 2020, at 12:21 pm
Brussels, Apr 14 (Sputnik) The coronavirus pandemic looks set to shave off 2.8 percent from the global economic output this year, a UK-based forecasting firm has predicted in its monthly report.
Centre released Rs 15,841 crore under PM KISAN in the lockdown period
Apr 10, 2020, at 09:29 pm
New Delhi/IBNS: The Centre has released the first installment of Rs 15,841 crore under the PM KISAN scheme during the lockdown period, the Agriculture Ministry said in a statement on Friday.
COVID-19: impact could see 195 million job losses, says ILO chief
Apr 09, 2020, at 12:10 pm
New York/IBNS: The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 million full-time workers expected in the next three months alone, the UN labour agency said.
25 million jobs at risk with airline shutdown: International Air Transport Association
Apr 08, 2020, at 10:22 am
Geneva/IBNS: The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.
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.
RBI cuts down trading hours for domestic money markets amid lockdown
Apr 03, 2020, at 08:12 pm
Mumbai/IBNS: The money markets in India will now function 10 am to 2 pm from Apr 7 due to lower participation due to lockdown and social distancing, Reserve Bank of India (RBI) said on Friday.
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.
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.
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.
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.
Amid lockdown over COVID-19, Sensex, Nifty witness biggest loss ever
Mar 23, 2020, at 10:06 pm
Mumbai/IBNS: Amid the spike in the number of positive cases of COVID-19, the Indian market on Monday witnessed an all-time low with Sensex losing 3,934 points to 25,981 and Nifty closing at 1,135 points lower at 7,610.
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.
Ola offers coverage of up to Rs 30,000 for driver-partners and their spouses hit by Coronavirus
Mar 21, 2020, at 03:40 pm
Kolkata/UNI: Ola, India’s largest mobility platform and one of the world’s largest ride-hailing companies, on Saturday shared that it would cover loss of income for driver-partners and their spouses in case they test positive for COVID-19.
RED FM gives industry awards participation a miss amid economic slowdown and Coronavirus outbreak
Mar 20, 2020, at 07:56 pm
Kolkata/IBNS: Considering the present market slowdown and the hurt on economy due to the Coronavirus outbreak, one of the private radio networks in India, 93.5 RED FM has taken a conscious decision of not participating in industry awards this year owing to the current market scenario.
ICICI Lombard launches a dedicated insurance cover for Coronavirus
Mar 20, 2020, at 07:26 pm
Mumbai/IBNS: ICICI Lombard, India’s leading private sector non-life insurance company has rolled out a focused ‘COVID-19 Protection Cover’.