1. Business & Economy

Business & Economy

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…

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…

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