The government of Thursday sought suggestions on methods of resource mobilisation from captains of the automobile industry, who raised several demands for a financial package to overcome the impact of the COVID-19-induced lockdown
The hospitality industry has taken up various measures to overcome the impact due to lockdown to contain the spread of coronavirus which include pay cuts, use of short staff besides engaging in partial operation, officials said
Reliance Industries chairman Mukesh Ambani will forego his salary in the wake of the coronavirus pandemic that has gripped the nation and forced a lockdown in the country until 3 May
The NSE Nifty 50 index ended 3.2 percent higher at 9,859. The index was up 7.7 percent this week.
Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic
Markets regulator SEBI has penalised two persons after finding them guilty of releasing unpublished price sensitive information related to financial results of Ambuja Cements through WhatsApp messages prior to the official announcement by the company
Global gold demand during the January-March quarter grew 1 percent to 1,083.8 tonnes compared to the same period last year mainly due to heavy inflow in gold-backed ETFs as COVID-19 pandemic fuelled safe-haven investment demand for the yellow metal, a World Gold Council (WGC) report said
China's manufacturing activity weakened in April as the coronavirus pandemic clobbered global consumer demand, hampering Beijing's efforts to revive the world's second-largest economy, two surveys showed on Thursday
A stimulus package for the industry-hit by a lockdown of more than a month when economic activity has ground to a halt --is expected to be announced soon
Drug maker Lupin on Thursday said the US health regulator has closed the inspection of its manufacturing facility in Pithampur, Madhya Pradesh
Gold demand in India fell 36 percent in the January-March quarter of this year to 101.9 tonne due to volatile prices, economic uncertainties and coronavirus-induced nationwide lockdown towards the end of the quarter, according to a report
India's hotel industry is estimated to face a whopping business loss of Rs 90,000 crore during this calendar year, as all hotels are closed due to nationwide lockdown to control coronavirus disease, according to a report by HVS and Anarock
Infrastructure firm KEC International on Thursday said it has resumed operations at all its factories in the country in a phased manner
Shares of Glenmark Pharmaceuticals Ltd rose as much as 8.9 percent after the drugmaker said it got the Indian drug regulator’s nod to conduct clinical trials of antiviral drug favipiravir, seen as a potential treatment for COVID-19.
The rupee appreciated by 63 paise to 75.03 against the US dollar in early trade on Thursday tracking positive opening of domestic equities and fresh foreign fund inflows
Motherson Sumi said all necessary precautions are being taken by the teams in adherence with post-COVID 19 guidelines issued by various governments.
Congress chief spokesperson Randeep Surjewala said Rahul Gandhi will be in conversation with Rajan in the first such dialogue and the same will be aired on social media from Thursday morning.
As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.
Shares of Strides Pharma Science Ltd on Wednesday zoomed 20 percent after the company said it has developed and commercialised Favipiravir antiviral tablets, and stressed that the drug has demonstrated positive outcomes in COVID-19 treatment globally
While Oyo does not plan to completely exit any market, it will either terminate or not renew contracts with loss-making hotels, sources said.
As many as 27 out of the top 100 companies listed on the National Stock Exchange (NSE) will not be able to sustain current wage bill if their revenue dip by 30 percent or more due to a nationwide lockdown and imminent salary cuts, a Deloitte study said
To augment infrastructure and create jobs in the country, a government task force has projected total investment of Rs 111 lakh crore in infra projects over five years, the Finance Ministry said on Wednesday
Airbus suspended its outlook and dividend and negotiated new credit lines last month.
The chairman has reduced his pay by 30 percent and the chief executive officer and other senior management members have reduced their pay in the range of 20 percent to 25 percent, Srei Infra said.
A special CBI court in Mumbai on Wednesday extended till 1 May the custody of DHFL promoter Kapil Wadhawan and his brother Dheeraj, accused in a corruption case against former Yes Bank CEO Rana Kapoor, officials said
The US economy shrank at a 4.8 percent annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record
Demand for Boeing’s bigger and more profitable 787 jet had waned as a result of the US-China trade war.
Indian domestic air passenger traffic fell by 11.8 percent in March as compared to the corresponding month last year, indicating the impact of COVID-19 on the country's aviation sector, stated global airlines body IATA on Wednesday
NIRA is now operating pan-India with many thousands of customers from more than 100 cities, it was stated.
The Asian Development Bank (ADB) on Wednesday said it has approved a $346 million (around Rs 2,616 crore) loan to the Indian government to provide reliable power connection in rural areas of Maharashtra