US Federal Reserve officials launched an economic rescue plan in record time last month as the coronavirus pandemic spread, reaching decisions that may shape the global economy for decades to come in the space of a few frantic weeks
The US government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt
The outbreak and spread of the COVID-19 pandemic may adversely impact the expansion plans of domestic steelmakers, according to experts
A section of India Inc on Tuesday appealed all corporate social responsibility initiatives to unite and focus efforts towards protecting the vulnerable sections of the society from the COVID-19 pandemic
Exporters will seek immediate roll out of support measures and permission for opening up their factories with 50 percent of workforce during a video conference meeting called by Commerce and Industry Minister Piyush Goyal on Wednesday
India has sought consultations with the US, under the WTO's safeguard agreement, against American authorities'' decision to increase import duties on derivatives of steel and aluminium products
Japan is expected to slip into a deep recession this year with the economy set to contract for a third straight quarter in April-June, a <em>Reuters</em> poll showed on Wednesday, as the coronavirus outbreak wreaks havoc on businesses and daily life
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As the 21-day lockdown period is nearing end, private steel maker JSW Steel has started preparing to scale up its production
Investor wealth on Tuesday jumped Rs 7,71,377 crore as markets bounced back after two days of fall, tracking a broad-based rally in global equities
The Centre may need to borrow 2-2.5 percent of GDP or about Rs 4-5 lakh crore additionally for supporting people and businesses hit hard by the coronavirus outbreak and nationwide lockdown, according to former finance secretary Subhash Chandra Garg
The country's largest lender SBI on Tuesday said it has cut savings rate by 0.25 percent to 2.75 percent on all deposits
Honda Cars India Ltd (HCIL) on Monday said it is releasing advance payments to its dealer partners in order to help them with cash flow to remain afloat in the difficult business environment due to COVID-19 forced nationwide lockdown
The Reserve Bank on Tuesday relaxed norms for state governments to avail overdraft facilities for a longer period until 30 September as they are facing cashflow mismatches amid coronavirus outbreak leading to countrywide lockdown
State-run Bank of Baroda on Tuesday said it will provide financial assistance of up to Rs 1 lakh to women self-help groups (SHGs) to help meet their funding demand amid the COVID-19 crisis
India could face over 21.6 percent of 3 gigawatts (GW) of solar power and wind energy projects being delayed due to the nationwide lockdown imposed to check the spread of coronavirus, Wood Mackenzie said in a report
The Confederation of Indian Alcoholic Beverage Companies (CIABC) has urged 10 states to allow sale of alcoholic beverages saying that a blanket ban during the lockdown to contain coronavirus has resulted in sale of illicit and spurious liquor while causing burden on exchequer
With the number of vehicles on roads falling sharply in the lockdown period due to the coronavirus spread, the public sector Mangalore Refinery and Petrochemicals Limited (MRPL) has cut down production of petrol and diesel by half
Investor wealth on Tuesday jumped Rs 4,65,715.85 crore in the morning trade as markets bounced back after two days of fall
The Indian rupee surged by 49 paise to 75.64 (provisional) against the US dollar on Tuesday, taking cues from positive equity market sentiment
Facing reduction in demand due to the lockdown in the country, steel makers SAIL and Tata Steel have reduced their output by about 50 percent, according to sources
A three-week nationwide lockdown is testing the resilience of state governments, with analysts warning that essential public services and health care for millions of Indians will be in jeopardy without further central government and RBI support
The commerce ministry has designed an online platform for the issuance of a key document required for exports to those countries with which India has trade agreements, with a view to facilitate shipments during the COVID-19 crisis
Housing sales fell 29 percent during January-March period across seven major cities to 27,451 units while the value of unsold inventories swelled to Rs 3.65 lakh crore as buyers postponed their buying decisions amid COVID-19 outbreak, according to JLL
Labour shortage, it is being feared, can hinder economic recovery
The impact of the COVID-19 pandemic on India's automobile industry will be clear once the ongoing lockdown is lifted and there is clarity on the time taken by the supply chain to resume optimal production, according to a top Nissan Motor India official
CRISIL has opened up its corporate kitchen facility at its Mumbai headquarters to prepare hygienically cooked, nutritious meals on a daily basis to the economically weaker sections of the society
The coronavirus outbreak has led to the central bank of India, the RBI to change market timings for the government bond, forex markets, while maintaining the duration of other key banking-related activities
Investor wealth tumbled by Rs 4,82,033.63 crore in two days of market fall as rise in COVID-19 cases further triggered selling in equities
Fitch Ratings on Friday said it has slashed India''s growth forecast for the current fiscal to a 30-year low of 2 percent, from 5.1 percent projected earlier, as economic recession gripped global economy following the lockdown due to COVID-19 pandemic