To mitigate the economic impact of COVID-19 outbreak, in a surprise move, the Reserve Bank of India (RBI) on Friday again reduced the key lending rates by 40 basis points
Digital payments firm Paytm has recorded around four-fold jump in payments received by merchants in its new ledger service amid the coronavirus pandemic, a senior company official said on Thursday
The rupee rose by 19 paise to close at 75.61 against the US currency on Thursday on dollar selling by banks following gains in equities and weakness in the greenback
The PHD Chamber of Commerce and Industry (PHDCCI) on Thursday said it has contributed Rs 528 crore towards the PM-CARES Fund to support fight against the coronavirus pandemic
Nanotechnology start-up Log 9 Materials — which has come up with a time-critical, novel technological solution (in the form of a small disinfection chamber that uses UV- C rays to kill Coronaviruses) to deal with the rising threat of the transmission of Covid-19 through object surfaces, is associating with the Indian Institute of Science - Bangalore for the ‘CoronaOven’ project
The government on Wednesday fixed the annual rate of return for Pradhan Mantri Vaya Vandana Yojana (PMVVY), a social security scheme for senior citizens, at 7.4 percent for 2020-21, down from 8 percent in the previous fiscal, as it extended the scheme by three years
The government on Thursday said it has released Rs 92,077 crore towards the devolution of central taxes to states for April and May
The government has notified amendments to General Financial Rules (GFR) to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs
About a third of operations will be allowed under strict norms when domestic flight services restart on Monday after a two-month hiatus and all the airlines will have to adhere to the upper and lower limits of fares prescribed by the government, the Civil Aviation Ministry said on Thursday
Amazon India on Thursday said it is launching its food delivery operations in select parts of Bengaluru, a move that will see the e-commerce giant compete against major players like Zomato and Swiggy in the country
Swiggy, on-demand delivery platform, has enabled online processing and home delivery of alcohol through the ‘Wine Shops’ category on the Swiggy app
The COVID-19-induced lockdown saw a spurt in crybercrimes in India with Kerala recording the highest number of cyberattacks during the period, according to an analysis of IT security solutions provider K7 Computing
Honda Motorcycle and Scooter India (HMSI) on Thursday said it will resume manufacturing operations across its four plants in the country in two phases, with Karnataka-based facility kickstarting the process from next week
Automaker Nissan India on Thursday said it has launched a new digital initiative enabling customers to book and buy vehicles online amid coronavirus pandemic
Jaguar Land Rover (JLR) India on Thursday said it has enhanced its online sales and service initiative amid the coronavirus pandemic
Malaysia voiced its commitment to further strengthen diplomatic and trade ties with India, after the world’s largest edible oil buyer renewed purchases of Malaysian palm oil, in a sign of improving relations between the two countries
The rupee appreciated 13 paise to 75.67 against the US dollar in early trade on Thursday tracking positive opening of domestic equities
The Union Cabinet, headed by Prime Minister Narendra Modi, on Wednesday gave approval for a new central scheme with an outlay of Rs 10,000 crore for providing credit-linked subsidy to 2 lakh micro food processing units across the country
The Cabinet on Wednesday approved a scheme to bring about a blue revolution through sustainable and responsible development of the fisheries sector with a total estimated investment of Rs 20,050 crore in the next five years
The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis
The stimulus package announced by Finance Minister Nirmala Sitharaman "fails to involve" banks in the economic revival process, a member of the Reserve Bank of India's central board said on Wednesday
The 15th Finance Commission will hold a virtual meeting with its high-level group on the health sector on Thursday to discuss the requirement of increased resources and manpower in the context of COVID-19 pandemic
Markets regulator SEBI on Wednesday asked listed companies to make a disclosure about the impact of coronavirus pandemic on their business to investors and stakeholders in a timely and cogent manner
The rupee depreciated by 14 paise to 75.80 (provisional) against the US dollar on Wednesday as headwinds due to US-China trade tiff and worries over the second wave of coronavirus infection weighed on investor sentiment
The next few months will be difficult for enterprises globally but Tata Consultancy Services (TCS) is well-positioned to weather the storms and take advantage of opportunities that come up during the downturn, TCS Chairman N Chandrasekaran has said
The first Range Rover made under new social distancing measures in place to combat coronavirus drove off the production line at the Tata Motors’ owned Jaguar Land Rover’s manufacturing plant in Solihull in the West Midlands region of England on Wednesday, following a recent temporary pause in production due to the pandemic
Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key
All India Bank Officers' Confederation (AIBOC) expresses its outright opposition to and strong anguish over the decision of wholesale demolition of Public Sector Enterprises of India
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 percent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said
The H-1B visa-holders, a majority of them Indian IT professionals, do not adversely affect Americans, according to new research, which also suggests that the presence of foreign workforce having such visas boost employment among other workers in an occupation