Joining arch rival Zomato, food delivery platform Swiggy on Monday announced to lay off 1,100 employees, nearly 14 per cent of its workforce, spanning across grades and functions in the cities and head office over the next few days as Covid-19 continues to hurt its business across verticals, IANS reported
The Congress on Monday said the fiscal stimulus package announced by the government is "hopelessly inadequate" given the gravity of the economic crisis as it amounts to only Rs 1.86 crore, which is 0.91 percent of the GDP
The government’s reform moves and stimulus package will only help the deeply-impacted growth process in the medium term of over three years and will not push up the GDP in the short term, analysts at two foreign brokerages said on Monday
Drug major Cipla on Monday said it has submitted an application with the US health regulator for a generic version of GSK's Advair Diskus, which is used in the treatment of asthma and other respiratory disorders
Shares of Reliance Industries on Monday gained nearly 2 percent after the company announced the sale of 1.34 percent stake in its digital unit to global equity firm General Atlantic for Rs 6,598.38 crore
The US economy, the world's largest, which has been thrown into a recession due to the coronavirus pandemic, will rebound but the recovery could stretch through the end of next year, Federal Reserve Chairman Jerome Powell has said
The rupee depreciated 31 paise to 75.89 against the US dollar in opening trade on Monday tracking weak opening of domestic equities and sustained foreign fund outflows
E-commerce companies are waiting for more clarity from states before taking a final call on resumption of services in various locations.
The Indian Army is considering a proposal--'Tour of Duty' (ToD) or 'Three Years Short Service' scheme, under which civilians could be allowed to join the force for a three-year tenure as officers and in other ranks for a variety of roles, even frontline fighters.
Non-banking financial companies (NBFCs) on Friday requested the Reserve Bank of India (RBI) to allow them to draw-down from their reserves for making additional provision for expected losses due to COVID-19 pandemic
Ten central trade unions on Friday gave a call for a nationwide strike on 22 May to protest against the suspension of labour laws by some states during the lockdown period, and also decided to take the matter to International Labour Organization (ILO)
The country's exports had contracted by 34.57 percent in March 2020.
Asserting that data confidentiality and infrastructural challenges are critical in the banking industry, Khan said many banks lack common shared repositories and databases, which have now become important.
Currently, the outstanding dues of discoms towards power generating and transmission companies is to the extent of Rs 94,000 crore, which is expected to come down through the relief package.
While Uttar Pradesh suspended major labour laws, Madhya Pradesh has tweaked some rules amid the lockdown to spur economic activities.
Retirement fund body EPFO has decided not to impose any penalty for delay in payment of employees' provident fund contributions by firms during the natiowide lockdown
India is now offering white rice for around $390-$400 per tonne compared with more than $450 for other countries, exporters said.
A spokesman for Goldman stressed that the Indian graduates were existing offers the bank was honoring and not new hires. He said the bank was still recruiting globally, but proceeding more cautiously in light of the crisis.
The government will amend the six-and-a-half-decade old Essential Commodities Act to deregulate food items, including cereals, edible oil, oilseeds, pulses, onion and potato, Finance Minister Nirmala Sitharaman said on Friday
Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure
Zomato's business has been severely affected by the COVID-19 induced lockdown as a large number of restaurants have already shut down permanently.
An executive from India’s top gas importer Petronet also said there had been some recovery in demand compared to last month.
The country is estimated to achieve an all-time high foodgrain production of 295.67 million tonne in 2019-20 crop year, the fourth consecutive year of record production, buoyed by good rains, the Agriculture Ministry's latest data released on Friday said
Moody's Investors Service on Friday cut its outlook for the Indian power sector to negative as it expects power demand to drop at least four to five percent in fiscal 2021 due to slowing activity and policy actions amid coronavirus-induced pressure
Tata Motors on Friday said it is planning to raise Rs 1,000 crore through issuance of securities
Market regulator SEBI on Friday extended the deadline for brokers to submit reports on client funding and daily margin till June 30 in the wake of the coronavirus pandemic
President Donald Trump has threatened to slap new taxes on American companies like Apple to dissuade them from moving their manufacturing bases from China to countries like India and Ireland instead of the US amidst the COVID-19 pandemic
Biotechnology major Biocon has reported a 42 percent decline in its consolidated net profit to Rs 123 crore for the quarter ended March 2020, mainly on account of the one-time coronavirus-related impact on its biologics business
Virgin Australia collapsed on 21 April, putting 16,000 jobs under threat.
The global economy is expected to suffer USD 5.8-8.8 trillion in losses due to the coronavirus pandemic, Asian Development Bank (ADB) said on Friday