Mar 16, 2022, at 09:00 pm
iPhone supplier Foxconn has halted production at its China headquarters and Shenzhen sites following COVID-19 lockdown in the region imposed and consequent closure of all non-essential businesses till March 20, media reports said.
Monetary expansion or printing of money: Uday Kotak on ways to revive COVID-19-hit economy
May 27, 2021, at 05:28 pm
Mumbai/New Delhi/IBNS:Kotak Mahindra Bank CEO, Uday Kotak, has proposed a few ways to the central government to carve a path out of the economic downslide caused by COVID-19 pandemic and subsequent lockdown.
India's crude oil imports to drop in May as lockdown restrictions hit oil demand: Report
May 26, 2021, at 04:23 pm
New Delhi/IBNS: Indian refiners are likely to reduce crude imports in May amid the second wave of coronavirus infection in contrast to April when refiners met all their import commitments but the the full impact of the crisis will get reflected only in May numbers, according to S&P Global Platts Analytics.
India's power consumption rose 19 pc in first fortnight of May compared to 2020
May 17, 2021, at 01:55 am
New Delhi/IBNS: India's power consumption rose by nearly 19 per cent in the first fortnight of May to 51.67 billion units (BU) compared to the same period previous year, reflecting recovery in industrial and commercial demand of electricity, power ministry data showed.
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.
Electric two-wheeler industry on path of recovery: SMEV
Oct 07, 2020, at 10:00 pm
Mumbai/UNI: Electric two-wheeler industry is showing signs of revival, says Society of Manufacturers of Electric Vehicles.
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.
Housing sales crash 66% in India in Q2 due to COVID: Study
Jul 11, 2020, at 06:08 pm
Kolkata/UNI: In a report released by PropEquity, India’s leading real estate data, research and analytics firm, sales or absorption of housing units dropped by 66% across top 9 cities in India in the second quarter of 2020 to 21,294 units versus 62,851 units in Q1 2020.
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.
Tata Sons is not looking to monetise its investments to raise capital: N .ChandrasekaranÂ
Jun 05, 2020, at 06:53 pm
Mumbai/IBNS: Tata Sons chairman N .Chandrasekaran on Friday said the company is not looking to monetise its investments to raise capital.
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 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.
NBFCs meet RBI seeking restructuring of all loans : Report
May 05, 2020, at 12:13 am
Mumbai/IBNS: The Non Banking Financial Companies (NBFCs) have requested the Reserve Bank of India (RBI) to provide a one time restructuring of all loans in view of the current economic situation triggered by COVID-19 induced lockdown, a Money Control report said.
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.
Ascon Infra to start operation in phased manner following selective relaxation of lockdown
Apr 20, 2020, at 10:29 pm
Kolkata/IBNS: Ascon Infrastructure India Ltd, a leading infra company of eastern India, announced that the company shall begin operations post relaxation of lockdown from April 20, 2020.
Apr 14, 2020, at 05:00 pm
Kolkata/IBNS: Business body ASSOCHAM on Tuesday fully supported Prime Minister Narendra Modi for extending the nationwide lockdown till May 3 for saving each and every Indian from the unprecedented global pandemic, with a firm conviction that the government would soon be announcing a large and effective financial package for protecting agriculture, industry , trade with a particular focus on the MSMEs and millions of jobs.
Raghuram Rajan ready to help India as country stares at post-COVID-19 economic crisis
Apr 11, 2020, at 02:19 pm
New Delhi/IBNS: Days after giving suggestions to the Narendra Modi government on how to tackle the post-Coronavirus economic situation, former Reserve Bank of India (RBI) governor Raghuram Rajan said he was ready to help India as the vast country of 1.3 billion people is staring at a financial crisis once the threat of COVID-19 retreats.
Greatest emergency since Independence: Former RBI Governor Raghuram Rajan over COVID-19 situation
Apr 06, 2020, at 04:15 pm
New Delhi/IBNS: Advising the Indian government to spend more on poor to manage the crisis caused by the Novel Coronavirus, former Reserve Bank of India (RBI) governor Raghuram Rajan has said the pandemic virus is the "greatest emergency since Independence".
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.
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.