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French govt confirms massive job cuts by Air France

July 2, 2020 Paris:  The French government has confirmed that flag carrier, Air France would cut nearly 7,600 posts due to the COVID-19 pandemic, calling on the airline to make as few compulsory redundancies as…

Business & Economy

US hit by wave of big ticket bankruptcies

July 1, 2020 New Delhi: The US is witnessing a wave of bankruptcies of erstwhile storied names especially in the retail and energy sector due to Covid-19 pandemic. The bankruptcies this year due to Covid-19…

Business & Economy

Strict scrutiny of Chinese imports affects industries

June 29, 2020 New Delhi: With the Centre taking a tough stand on imports from China amid the border tensions, several industries that depended on inputs from that country are facing delay in getting their…

Business & Economy

SAP India unveils initiative to make MSMEs globally competitive

June 29, 2020 New Delhi: Enterprise software major SAP on Monday launched a new programme called “Global Bharat” to enable Indian micro, small and medium-sized enterprises (MSMEs) become globally competitive by equipping them with digital…

Business & Economy

Strict scrutiny of Chinese imports affects industries

June 28, 2020 New Delhi:  With the Centre taking a tough stand on imports from China amid the border tensions, several industries that depended on inputs from that country are facing delay in getting their…

Business & Economy

China’s industrial profits drop 19% in 1st 5 months of 2020

June 28, 2020 Beijing:  The profits of China’s major industrial companies dropped by 19.3 per cent year on year between January and May this year due to the impact of the COVID-19 pandemic, the National…

Business & Economy

Dow plunges over 700 points amid virus fears

June 27, 2020 New York:  US stocks fell sharply on Friday as investors grew nervous of a spike in coronavirus cases across the country. The Dow Jones Industrial Average shed 730.05 points, or 2.84 per…

India may lose $438 bn in output over next 2 yrs: SBI Ecowrap

June 25, 2020 New Delhi:  India might lose $438 billion worth of output over next 2 years due to economic disturbance caused by Covid-19 outbreak, a SBI Ecowrap report said. The report’s estimates are based…

Strained India-China relations may increase supply chain risks

June 25, 2020 New Delhi: Any potential escalation between India and China could increase operational and supply-chain risks in the current economic backdrop, even as economies look to recover from the pandemic, brokerages have said…

Business & Economy

GDP to contract by 5.3% in FY21: India Ratings

June 24, 2020 New Delhi:  Credit rating agency India Ratings and Research expects gross domestic product (GDP) to contract by 5.3 per cent on a year-on-year basis in FY21. This will be the lowest GDP…

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