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Rahul Gandhi voices concern over state of India's economy; says Moody's has rated Narendra Modi's handling of India's economy a step above 'junk
Business

Rahul Gandhi voices concern over state of India's economy; says Moody's has rated Narendra Modi's handling of India's economy a step above 'junk

Moody's Investors Service has downgraded India's sovereign credit rating for the first time in more than two decades,

COVID-19 impact: Alibaba extends reach in China as pandemic outbreak opens doors; traffic at online marketplace shoots higher
Business

COVID-19 impact: Alibaba extends reach in China as pandemic outbreak opens doors; traffic at online marketplace shoots higher

Alibaba on Friday reported increases of 21 percent in quarterly revenue and 19 percent in core commerce sales, beating expectations.

S&P projects economy to contract 5% in current fiscal; says lockdown was longer than expected, will slow overall recovery
Business

S&P projects economy to contract 5% in current fiscal; says lockdown was longer than expected, will slow overall recovery

S&P Global Ratings on Thursday forecast Indian economy to contract 5 percent in the current fiscal as the lockdown imposed to contain COVID-19 pandemic has curtailed economic activity severely.

Coronavirus crisis: Bad bank debts could double by end of fiscal year, around 25% outstanding loans face risk of default
Business

Coronavirus crisis: Bad bank debts could double by end of fiscal year, around 25% outstanding loans face risk of default

A fresh surge in bad debt could hit credit growth and delay recovery from the coronavirus pandemic.

Business plan contest to encourage startups, SMEs during coronavirus enforced lockdown
Business

Business plan contest to encourage startups, SMEs during coronavirus enforced lockdown

The aim of the Bigleap 2020 online business plan contest is to promote startups and new ideas

Amazon India launches a special fund to help small and medium business partners in logistics
Business

Amazon India launches a special fund to help small and medium business partners in logistics

Amazon Partner Support Fund follows the recent announcement of the global $25 million Amazon Relief Fund (ARF) in India.

Govt brushes off officers' proposal for wealth, coronavirus tax on super rich; terms IRS report 'irresponsible'
Business

Govt brushes off officers' proposal for wealth, coronavirus tax on super rich; terms IRS report 'irresponsible'

The suggestions are part of a paper titled 'Force', which stands for 'Fiscal Options & Response to the COVID-19 Epidemic', submitted by the Indian Revenue Service (IRS) Association to CBDT (Central Board of Direct Taxes) Chairman P C Mody,

Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown
Business

Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown

"India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department,

Markets close trading session in red:  Sensex slumps 674 points, Nifty drops below 8,100-mark; banking stocks tumble
Business

Markets close trading session in red: Sensex slumps 674 points, Nifty drops below 8,100-mark; banking stocks tumble

The stock markets continued their journey southward and ended the session in red down by 2 percent dragged mainly by selling pressure in BFSI stocks

Pepper raises Rs 2 cr from Snapdeal Founders’ Titan Capital, other investors; startup plans to expand team in Mumbai
Business

Pepper raises Rs 2 cr from Snapdeal Founders’ Titan Capital, other investors; startup plans to expand team in Mumbai

Pepper is looking to expand its team in Mumbai and focus on product and its technology platform that will enable content creation ‘on-demand’.

Coronavirus Outbreak: India needs stimulus plan or it risks crippling small businesses, say industry bodies
Business

Coronavirus Outbreak: India needs stimulus plan or it risks crippling small businesses, say industry bodies

India’s small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those acutely impacted by the coronavirus outbreak, industry bodies said

Amazon Smbhav celebrates Indian SMBs
SME

Amazon Smbhav celebrates Indian SMBs

Mr. Murthy advised SMBs to embrace discipline, hard work, good work ethics, and good values.

Remove tags to get more women into workforce, policy changes needed: Tata Sons Chairman N Chandrasekaran
Business

Remove tags to get more women into workforce, policy changes needed: Tata Sons Chairman N Chandrasekaran

There are lots of 'tags' in India such as 'women cannot do this (kind of jobs); this is only for men,' and all of them have to be removed, he said.

Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?
Business

Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?

There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful

Nirmala Sitharaman holds first pre-Budget consultations with representatives of digital economy, startups
Business

Nirmala Sitharaman holds first pre-Budget consultations with representatives of digital economy, startups

Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on 1 February.

BHIM UPI goes international; QR code-based payments demonstrated at Singapore FinTech Festival
Business

BHIM UPI goes international; QR code-based payments demonstrated at Singapore FinTech Festival

This QR code-based system would allow anyone with a BHIM app to scan the SGQR at NETS terminals for payments in Singapore.

Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation
Business

Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation

The defenders argued that demonetisation would help digitise the economy and make future black money generation difficult as there would be an audit trail all the time.

ShopClues inks all-stock deal to merge with Singapore-based e-commerce platform Qoo10
Business

ShopClues inks all-stock deal to merge with Singapore-based e-commerce platform Qoo10

ShopClues (which is registered as Clues Network) posted losses of Rs 208 crore for the year ended March 2018.

Finance Minister Nirmala Sitharaman to hold press conference amid expectations of fiscal stimulus
Business

Finance Minister Nirmala Sitharaman to hold press conference amid expectations of fiscal stimulus

Since the Budget, the markets have tanked over 12% as the Finance Minister Nirmala Sitharaman unveiled a slew of measures

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs
Business

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs

MSMEs used to be a major customer-base for the crippled financiers, a top official said on Tuesday.