Business
Gems, Jewellery Exports Falls 38.8% in March, Down 8.9% in FY20
The total gems and jewellery exports during 2019-20, witnessed 8.91 per cent at Rs 2,51,096.30 crore compared to Rs 2,75,671.80 crore in 2018-19.
Participating in Sale of Virgin Australia: Indigo's Largest Shareholder Interglobe Enterprises
Billionaire Rahul Bhatia-owned InterGlobe holds a 37.8-per cent stake in IndiGo, while Rakesh Gangwal, his family members and family trust own 36.64 per cent of India's largest airline.
Lufthansa Group Plans to Resume Flight Services to India in June
Lufthansa's services in India will be restored to Mumbai from Frankfurt to begin with, subject to regulatory approvals
Centre Extends Subsidy for Middle Class in Rs 70,000 Crore Boost for Housing Sector
The credit-linked subsidy scheme for the middle class with an annual income of Rs 6 lakh to Rs 18 lakh has been extended till March 2021.
‘Cash Infusion Very Limited’: Sensex, Nifty Hammered as Sitharaman’s Stimulus Details Fail to Excite
India's blue-chip NSE Nifty 50 index erased its 2% gain from Wednesday, when markets cheered an announcement from Prime Minister Narendra Modi of a 20-trillion-rupee ($266 billion) economic stimulus.
FM Nirmala Sitharaman to Announce 2nd Tranche of Economic Package at 4pm
On Wednesday, Sitharaman announced the first installment of the mega relief package with 15 measures and extended guaranteed credit for small and medium businesses, non-financial banking companies and power distribution companies.
Rupee Rises to 75.46 Against US Dollar After PM Modi's Stimulus Announcement
Forex traders said PM's economic booster aided sentiments. Besides, a positive opening in domestic equities also supported the local unit.
Industrial Production Falls 16.7% in March Due to Coronavirus Lockdown, Sharpest Dive Since April 2012
According to National Statistical Office data, manufacturing sector output fell by 20.6 per cent compared to a growth of 3.1 per cent in the same month a year ago.
Ind-Ra Sees Jewellery Sales Declining 25 Per cent in FY21 Amid Lockdown
Jewellery demand, which is primarily driven by marriage season and a couple of festivals in the first quarter, has been significantly washed out due to the ongoing nationwide lockdown.
E-commerce Orders Gradually Scaling Back to Pre-lockdown Level, Say Industry Executives
E-commerce companies have been permitted to sell all items in orange and green zones starting from May 4, 40 days after the nationwide lockdown was imposed on March 25.
25% of Indian Startups in Serious Trouble if Covid-19 Persists for Long: Expert
On the prospects of the remaining 75 per cent of Indian startups, he said there would be more failures if the coronavirus-triggered crisis lasts longer.
Commerce Ministry Recommends Continuation of Anti-dumping Duty on Chinese Chemical
Imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organisation, which deals with global trade norms.
NBFCs Ask RBI for One-time Restructuring of All Loans Till Mar 2021
Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown.
Tata Steel Leaves Indian Steel Association; TV Narendran Steps Down as President
An ISA official also confirmed Narendran's resignation but said the reason for his sudden resignation is not known yet.
Abbott's Covid-19 Lab-based Antibody Tests to be Available in India by End of May
Antibody testing is an important step to tell if someone has been previously infected. It will provide more understanding of the virus.
Reliance Jio-Silver Lake Deal: Here's All You Need to Know
This is the first sizable investment by SLP in India and reaffirms Jio’s technological capabilities and the potential of the business model, even in this Covid-19 world and beyond.
