Saturday, July 11, 2020


Coronavirus could push 11 mn people to poverty: World Bank

The coronavirus pandemic's economic fallout could cause China's growth to come to a standstill while driving 11 million more people in East Asia into...

U.S regulator approves limited use of malaria drugs for virus

A limited emergency-use authorisation for two antimalarial drugs touted as game-changers by President Donald Trump has been issued by the US Food and...

China pumps $7 bn into market to counter COVID-19

China's central bank cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan (USD 7 billion) into the...

Oil prices at 17-yr lows as coronavirus ravages world

Oil prices extended losses in Asian trade on Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world and no en...

Tata Group commits Rs 1,500 cr to fight Covid-19

The Tata Group--Tata Trusts and Tata Sons-- is the latest to join the fight against coronavirus and will together donate Rs 1,500 crore towards coron...

Cognizant to give 25% extra pay to two-thirds of India workforce

Cognizant Technology Solutions will pay an extra 25 percent of base pay to some employees in India and the Philippines as a majority of its offshore ...

SBI slashes lending, deposit rates

Hours after the Reserve Bank of India announced 75 basis points cut in repo rates, State Bank of India (SBI) passed on the complete rate cut benefits...

Indian banking system is safe, says RBI Governor

Allaying depositors' concerns, RBI Governor Shaktikanta Das asserted there Indian banking system is safe, and termed linking banks' share prices to s...

Moody's slashes India's GDP growth in 2020 to 2.5%

Moody's Investors Service slashed its estimate of India's GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per c...

EPFO asks field offices to credit pension by March 30

Retirement fund body EPFO directed its 135 field offices to ensure payment of pension to 65 lakh beneficiaries by March 30 amid the coronavirus lockd...

RBI cuts repo rate by 75 bps to 4.40%

In the wake of the coronavirus pandemic, the Reserve Bank of India (RBI) cut the repo rate by 75 basis points to 4.40 percent versus 5.15% earlier.Th...

Aadhaar-PAN linking deadline extended to June 30

In the wake of coronavirus outbreak in the country, Finance Minister Nirmala Sitharaman, has extended the Aadhaar-Pan card linking deadline to June 3...

Govt waives minimum bank balance charge for saving a/c

The government has allowed free of charge cash withdrawal from any other bank ATM for debit card holders for three months in the wake of the coronavi...

Maruti Suzuki Tour S CNG BS6 launched in India

Maruti Suzuki has discreetly launched the BS6-compliant Dzire Tour S CNG, with prices starting at Rs 6.36 lakh (ex-showroom, Delhi). The company has ...

RBI to infuse Rs 1 lakh cr through term repo auction

In a bid to provide additional liquidity to the system hit by the coronavirus outbreak, the Reserve Bank of India (RBI) decided to inject Rs 1 lakh c...

Indian Oil initiates rare protocol to keep fuel supplies running

As cities shutdown to contain the spread of coronavirus, Indian Oil Corp (IOC) has initiated a rare protocol to safeguard its workforce while at the ...

COVID-19: SBI opens emergency credit line for borrowers

Amid businesses getting affected due to the novel coronavirus pandemic, the country's largest lender State Bank of India has opened an emergency cred...

Soap makers reduce prices, increase production

FMCG players like HUL, Godrej Consumer and Patanjali said they are helping fight the COVID-19 outbreak by reducing the prices of soaps, hygiene produ...

VistaRa to curtail domestic operations on March 22

After GoAir and IndiGo, VistaRa announced that it will be curtailing its domestic operations on Sunday when 'Janata curfew' would be in force. While ...

SpiceJet suspends majority international operations

SpiceJet announced that it will temporarily suspend majority of its international operations from March 21 till April 30. "We will resume the suspend...

SBI cuts MCLR by 5-10 bps for shorter tenors

Canara Bank shares tank nearly 7%

Cooperative banks to be brought under RBI supervision

SBI cuts fixed deposit interest rates by 40 bps

HDFC Q4 net falls to Rs 2,233 cr

Small savings scheme, PPF rates remain unchanged

Gross tax collection falls 31% so far in June quarter

WPI inflation falls 3.21% in May

U.K economy shrinks 20.4% during April lockdown

German exports down nearly a quarter in April