Economy News - Page 25

Coroanvirus Outbreak: Air India pilots' unions assure govt of full support; say ready to operate any special flight

Air India pilots'unions, IPG an ICPA, have said their members will support the government and will operate any special flight irrespective of the extent of the coronavirus pandemic

WTO sees sharp fall in trade, calls for global solutions to tackle coronavirus crisis

The world trade is expected to witness a sharp fall due to COVID-19 (coronavirus) crisis, and global solutions will be required to deal with the pandemic, according to the WTO

Coronavirus Outbreak: Britannia urges govt to issue necessary permits to people in food processing supply chain

FMCG major Britannia Industries on Thursday urged the government to ensure inter-state movement of the raw material for the food processing industry during the three-week lockdown, imposed to prevent pandemic of Covid-19

Coronavirus Outbreak: Vodafone Idea says confident of handling surge in voice and data services demand

Vodafone Idea on Thursday said it is monitoring traffic pattern and remains confident of handling the surge in voice and data services demand amid country-wide lockdown to tackle the spread of coronavirus

Coronavirus impact to bring more worries for Indian banks, says Fitch; revises down operating environment score for critical sector by notch

The coronavirus-related worries are likely to aggravate difficulties for Indian banks, ratings agency Fitch said on Thursday, revising down the operating environment score for the critical sector by a notch

Coronavirus Outbreak: MTNL to provide 1-month free access to corporate servers for work from home

State-owned telecom firm MTNL on Thursday started offering free access to office server to its enterprise customers' employees to support work from home during the lockdown

Rupee rises 84 paise in mid-session trade after govt announces welfare measures to fight coronavirus outbreak

The Indian rupee appreciated further by 84 paise to 75.10 against the US dollar in intra-day trade on Thursday after Finance Minister Nirmala Sitharaman announced various welfare measures to fight the coronavirus pandemic

Coronavirus Outbreak: Working with authorities so that essential services can operate, says Zomato founder

Zomato founder and CEO Deepinder Goyal on Wednesday said the company is actively working with the authorities so that essential services can operate without trouble on account of lockdown in the country due to the coronavirus pandemic

Rupee rises 13 paise to 75.81 in early trade tracking positive opening in domestic equities

The Indian rupee appreciated by 13 paise to 75.81 against the US dollar on Thursday tracking positive opening in domestic equities as an assurance of a stimulus to fight the coronavirus pandemic supported investor sentiment

Officers' union requests Narendra Modi to defer mega bank merger amidst coronavirus pandemic

Bank officers' union on Wednesday requested Prime Minister Narendra Modi to defer mega-merger exercise of banks in view of coronavirus outbreak

Coronavirus Outbreak: Bank of Baroda sets up emergency credit line to provide funds for MSMEs, corporate borrowers

Bank of Baroda's announcement follows a similar additional funding facility announced by the country's largest lender State Bank of India for its borrowers last week.

Coronavirus Outbreak: DPIIT to monitor real-time status of transport, delivery of essential commodities

The Department for Promotion of Industry and Internal Trade (DPIIT) has set up a control room to monitor in real-time the status of transportation and delivery of essential commodities amid the coronavirus lockdown in the country

Coronavirus Outbreak: Canara Bank waives charges on withdrawal from other ATMs

In order to provide relief to its customers affected by lockdown in various parts of the country due to COVID-19, state-run Canara Bank on Wednesday announced a full waiver of service charges for any number of withdrawal from other bank's ATMs up till 30 June, 2020

Investors' wealth rises by Rs 6.63 lakh cr in two days of market rally; participants expect stimulus package by govt

Investors' wealth rose by Rs 6,63,240.78 crore in two days of the market rally as sentiment improved in anticipation of a stimulus package by the government to cushion the economic blow of coronavirus

Coronavirus Outbreak: NDDB asks dairy co-ops to ensure continued milk, products supply

The National Dairy Development Board (NDDB) on Wednesday appealed all dairy cooperatives to take adequate measures to ensure the continued supply of milk and its products amid the COVID-19 lockdown

Coronavirus Outbreak: IndiGo offers govt its aircraft, crew to transport medicine, equipment across country

IndiGo on Wednesday said that it has offered Union Civil Aviation Ministry its "resources, aircraft and crew" to transport medicine, equipment and relief material from one part of the country to another

Coronavirus Outbreak: Tea production shortfall likely to be 100 million kg due to 21-day lockdown

Tea production in the country is likely to fall by 100 million kg this year due to the 21-day lockdown which was "inevitable" to tackle the coronavirus crisis, an official said on Wednesday

Coronavirus Outbreak: As India shuts down for 21 days, govt assures shops selling essentials, medicines will remain open

Union minister Prakash Javadekar on Wednesday said there was no need for people to panic as shops selling essentials and medicines will remain open throughout the 21-day lockdown imposed to combat the coronavirus outbreak

Coronavirus Outbreak: Cabinet okays supply of 2 kg extra subsidised foodgrains through ration shops

To ensure sufficient supply during the lockdown, the government on Thursday decided to increase the monthly quota of subsidized foodgrains by 2 kg to 7kg per person through ration shops for 80 crore beneficiaries

Coronavirus Outbreak: Indian aviation sector may incur $3.3-3.6 bn loss in June quarter, says CAPA

The Indian aviation sector is projected to incur a staggering $3.3-3.6 billion loss in the first quarter of the next financial year if flight services remain grounded till June-end, according to a report

Coronavirus Outbreak: ONGC gas output drops by one-tenth as shut factories refuse supplies

With the unprecedented nationwide lockdown shutting down factories, ONGC has been forced to cut natural gas production by up to one-tenth as customers refused to take supplies because of business disruption

Around 12.06 lakh new jobs created in January against 12.90 lakh in previous month: ESIC payroll data

Around 12.06 lakh new members joined ESIC-run social security schemes in January 2020 against 12.90 lakh in the previous month, according to the payroll data of the Employees'' State Insurance Corporation (ESIC), providing an employment perspective in the formal sector

Coronavirus Outbreak: Nod to manufacturers to produce ethanol-based hand sanitiser up to 30 June, says Delhi govt

In view of the shortage of hand sanitiser in the market post the coronavirus outbreak, permission has been granted to all manufacturers of drugs and cosmetics in Delhi to produce such items based on ethanol up to 30 June, authorities said on Wednesday

Coronavirus Outbreak: Air India to incur Rs 30-35 crore loss per day following flight suspension

Flag carrier Air India is expected to incur losses to the tune of Rs 30-35 crore per day following the suspension of operations in the wake of coronavirus pandemic, according to a source

Coronavirus Pandemic: Indian Chambers of Commerce wants govt to tweak policy for regular supply of essential items

Industry body Indian Chambers of Commerce on Tuesday urged the government to extend the list of support products and services in view of the coronavirus outbreak, saying many non-essential products are necessary to ensure regular supply of essential goods

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output

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