Business
Over One Million IT Employees Will Continue to Work from Home Post-lockdown: Kris Gopalakrishnan
The former President of the Confederation of Indian Industry said the IT services industry has managed to transition people to work from home during the 'stay-at-home' period.
Prolonged Lockdown May Push Millions Into Margins of Subsistence, Says Ex-RBI Governor Duvvuri Subbarao
Duvvuri Subbarao said that as predicted by analysts, India will have a V shaped recovery which is far better than most of the other countries.
Vodafone Idea Will Bounce Back Despite AGR Stress, Says Bharti Infratel
Announcing its results for Q4 and FY20 on Thursday, Bharti Infratel said it has extended the deadline for merger with Indus Towers by two more months to June 24.
Sensex Slumps 536 Points Amid Economic Pressure of Covid-19 Lockdown, Financial Stocks Lead Fall
The 30-share BSE Sensex settled 535.86 points or 1.68 per cent down at 31,327.22, while the NSE Nifty declined 159.50 points, or 1.71 per cent, to 9,154.40.
Housing Sales Falls 26% in Jan-Mar in 9 Top Cities, New Supply Plunges 51%: Report
Real estate developers sold 26 per cent less apartments during January-March period across nine major cities as economic slowdown and coronavirus outbreak affected demand, News Corp-backed PropTiger said.
As World Economy Reels Under Coronavirus Crisis, China Launches Digital Currency Trials to Outpace US
According to a research note by Citic Securities, China is expected to officially make the sovereign digital currency available to the public later this year.
Rise of Gig Economy, Change in Govt Framework: How Covid-19 Will Redefine Jobs, Work Practices in India
As the cogs of the economy stand immobile due to the lockdown, experts claim the obvious short term implications such as job losses, disruption of supply chains are bound to happen.
Banks Uncertain Over Loan Moratorium to NBFCs, to Approach RBI
On March 27, the RBI had announced a three-month moratorium on payment of all installments, of term loans, due between March 1, 2020 and May 31, 2020.
GST Refunds Worth Rs 5,575 Cr Processed Since March 30, Rs 5,204 Cr I-T Refunds Issued in 10 Days
In a statement, the CBIC said it has processed 7,873 refund claims worth Rs 3,854 crore last week to facilitate trade and industry so that their refund claims are processed faster.
Saudi Aramco to Supply 8.5 Million Barrels per Day from May
The deal came after a price war between Riyadh and Russia saw the kingdom boost supplies to records of over 18 million bpd earlier this month.
TCS Shares Jump 5.5 Percent Post Q4 Earnings; M-cap Rallies Rs 34,222 Crore
On BSE, the scrip of the company closed 5.32 per cent higher at Rs 1,806.80 after advancing 7.94 per cent to Rs 1,851.85 during the day.
Sensex Rallies 986 Points; Rate-sensitive Stocks Soar Post RBI Boost
The RBI further eased bad-loan rules, froze dividend payment by lenders and pushed banks to lend more by cutting the reverse repo rate by 25 basis points.
India Plans to Fill Strategic Oil Storage by Third Week of May
India is moving the oil to the strategic reserves to help the country's refineries reduce their excess crude as the lockdown to contain the outbreak of Covid-19.
Covid-19: Reliance Foundation Hospital Rewards Medical Personnel With Extra Pay
In acknowledgment of the inconvenience to manage the household groceries during these times of crisis, grocery bags will be distributed to staff that is not in the hostel and are currently working from RFH and coming to the hospital.
COVID-19 Pandemic to Hit MSME Exporters More, Say Trade Experts
Trade Promotion Council of India (TPCI) Chairman Mohit Singla said more than 100 per cent spike has been registered in demand for essential commodities such as rice, wheat and pulses in the current crisis.
Dear Finance Minister, India May Need Budget 2.0 to Fight Against Post-Coronavirus Economic Challenges
India's top five economists tell News18.com that the previous Union Budget presented on February 1 may not be sufficient to tackle the COVID-19 upheaval.
