1. Business & Economy

Business & Economy

RBI to supervise co-op banks, Cabinet nod to ordinance

June 24, 2020 New Delhi; The Centre has decided to bring urban and multi-state cooperative banks under the direct supervision of the Reserve Bank of India to protect depositors in these financial institutions. The Union…

Business & Economy

Trade with China to continue despite curbs

June 22, 2020 New Delhi: The tension on the India-China border reaching inflection point, trade relations except for semantics, may not be impacted, as the world faces multi-dimensional economic problems, many from pro-corona period. Except…

Maha puts 3 Chinese projects worth Rs 5,000 cr on hold

June 22, 2020 Mumbai:  The Maharashtra government has put on hold three major agreements signed with Chinese companies at the recently concluded Magnetic Maharashtra 2.0 investor meet, officials said. The proposed projects entail investments of…

Business & Economy

LIC unions urge FM not to divest

June 20, 2020 Chennai:  Three unions in Life Insurance Corporation of India (LIC) representing officers, field workers and class III employees on Saturday said the move to sell equity of the insurer will impact the…

Business & Economy

Govt may curb import of toys

June 16, 2020 New Delhi: The government may put curbs on imports of toys, particularly cheaper ones with poor quality, by moving it from free to restricted list, as it looks to develop a strong…

Business & Economy

Govt sanctions rise over Rs 1K cr in a day for MSME sector

June 16, 2020 New Delhi:  public sector banks have sanctioned loans worth Rs 32,049.86 crore, till June 12, under the 100 per cent Emergency Credit Line Guarantee Scheme, to MSMES,  out of which Rs 16,031.39…

Business & Economy

Wall Street tumbles amid renewed virus fears, Fed’s bleak forecast

June 12, 2020 New York:  Wall Street suffered its worst day in nearly three months, with the Dow plunging more than 1,800 points amid a broad market sell-off. On Thursday, the 30-stock index shed 1,861.82…

Move from ‘command and control’ to ‘plug and play’ mode: PM

June 11, 2020 New Delhi:  Prime Minister Narendra Modi on Thursday said that as the country goes through challenging times amidst the Covid-19 pandemic, the government and the industry need to take bold decisions to…

S&P keeps India’s rating unchanged at ‘BBB-‘, outlook stable

June 10, 2020 New Delhi: S&P Global Ratings on Wednesday maintained India’s sovereign credit ratings, affirming its ‘BBB-‘ long-term and ‘A-3’ short-term unsolicited foreign and local currency ratings. Besides, S&P Global Ratings said India’s outlook…

COVID-19’s impact on Asia’s top GDPs to be milder: OECD

June 10, 2020 Bangkok: The gross domestic products (GDPs) of Asias top economies are expected to weather coronavirus more effectively than those in the West, according to a report by an international development organization. The…

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