Economy

Cheaper gas to cut urea subsidy bill; to boost profitability of urea makers: CRISIL Ratings

Profitability of urea makers is likely to surge due to reimbursement of additional fixed cost, as cheaper gas will reduce urea subsidy bill by Rs 12,000 crore, according to a report

Tata Group ties up with SCTIMST for commercial production of COVID-19 testing kits

The Tata Group has entered into a partnership agreement with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), an institute of national importance, for commercial production of COVID-19 testing kits

Godrej Properties sees strong sales this year despite COVID-19; cash flow may pose challenges

Buoyed by record sales bookings of Rs 5,915 crore last fiscal, realty firm Godrej Properties expects to repeat its strong performance on sales front this year despite coronavirus pandemic, but sees cash flow as a challenge due to slow construction activities

Rupee settles 8 paise higher at 75.54; govt's reopening plan for domestic economy boosts investors sentiment

The rupee appreciated 8 paise to provisionally close at 75.54 against the US dollar on Monday supported by optimism over the government's reopening plan for the domestic economy

Rupee jumps 32 paise to 75.30 in early trade; govt's reopening plan for domestic economy boosts investors sentiment

The rupee appreciated 32 paise to 75.30 against the US dollar in opening trade on Monday supported by the government's reopening plan for the domestic economy

Mahindra and Mahindra vehicle sales dip 79% in May to 9,560 units, exports fall 80%

Auto major Mahindra & Mahindra (M&M) on Monday reported a steep 79 percent decline in total sales at 9,560 units in May

Coronavirus Lockdown: Hyundai Motor India sales decline 79% in May to 12,583 units, exports down 66%

Hyundai Motor India Ltd (HMIL) on Monday reported a 78.7 percent decline in total sales at 12,583 units in May

HDFC Bank extends moratorium on loan, EMIs, credit card outstandings by 3 months till August; here's all you need to know

HDFC Bank announced that it has extended the loan moratorium by another 3-months

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June

Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June

COVID-19 Impact: DGCA extends deadline for IndiGo, GoAir to replace unmodified PW engines to 31 August

Indian aviation regulator, DGCA, on Monday extended the deadline for IndiGo and GoAir to replace all the 60 unmodified Pratt and Whitney (PW) engines on their A320neo planes from 31 May to 31 August, as supply chain has been impacted due to the coronavirus-induced lockdown

South Korea’s K-Startup Grand Challenge 2020 accepting applications till 25 June

The Korean government’s K-Startup Grand Challenge supported by the Ministry of SMEs and Startups (MSS) and National IT Industry Promotion Agency (NIPA), is now accepting applications for the program till 25 June, 2020

India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey

The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record, a monthly survey said on Monday

China's May factory activity grew at slower pace, but momentum in services, construction sectors quicken

While most businesses in China have reopened, many manufacturers are struggling with reduced or cancelled overseas orders as lockdowns push the global economy into recession

NASSCOM teams up with IoT, AI startups to provide low-cost solutions to combat COVID-19

NASSCOM's  Center of Excellence IoT and AI has focussed on a few startups to leverage their solutions and provide them with the resources