Business

Flight bans and nationwide lockdowns are threatening to bankrupt airlines around the world. Carriers have grounded thousands of planes, suspending short-term flight schedules and placing workers on unnpaid leave.

HDFC Bank said its advances have risen by around 21 per cent to Rs 9.93 lakh crore as of March 31 and have grown by over 6 per cent for the March quarter as compared to December-end.

Insurance Regulatory and Development Authority of India (Irdai) announced the 30-day grace period to life insurers due to operational constraints amid the nationwide lockdown and Covid-19-related restrictions.

The market capitalisation of Tata Consultancy Services tumbled Rs 61,614.15 crore to Rs 6,20,794.53 crore as the coronavirus pandemic wreaked havoc on global financial markets.

Six public sector banks (PSBs) namely Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank and Allahabad Bank lost their individual identity as they were merged into four bigger lenders with the objective to make...

Most of the public sector banks have passed on the benefit of the repo rate cut to their customers.

MC Pro has reached an important milestone since its debut in less than a year after its debut. Here is a recap of the highlights and what’s in store for readers.

The announcement came days after the company pledged India's first 100-bed Covid-19 hospital, 50 lakh free meals for the needy, a lakh masks and thousands of PPE daily for health-workers, free fuel for emergency response vehicles among other initiatives.

The benchmark Nikkei 225 was down 3.26 per cent or 631.50 points at 18,757.93 in early trade, while the broader Topix index dropped 3.17 per cent or 46.30 points to 1,413.19.

The corporate affairs ministry has said contributions to the PM-CARES Fund would qualify as Corporate Social Responsibility spending under the companies law.

Moody's now expects real GDP in the global economy to contract by 0.5 per cent in 2020, followed by a pickup to 3.2 per cent in 2021.

As per the notification, 545 mills have been allocated 18 lakh tonnes of sugar for sale in the next month. The quota was same in the year-ago period.

The Federal Reserve announced it will buy unlimited amounts of US Treasury debt -- essentially printing money for the economy -- as well as new steps to lend directly to small- and medium-sized companies that have been among the hardest-hit as economic ac...

The rupee which opened on a weak note at 75.90 at the interbank forex market, finally settled at 76.22 against the US dollar, registering a decline of over 102 paise over its last close.

The pharmaceuticals, dairy and general consumables have been exempted from the shutdown for the convenience of citizens for meeting their daily requirements, the traders' body said.

Brent crude was up by 34 cents, or 1.2%, at $29.07 a barrel by 0238 GMT, after falling earlier to $28.40, the lowest since early 2016. The international benchmark fell 4.3% on Tuesday.