March 16, 2020
Washington: Amid the coronavirus spread, hundreds of Nike stores across the world will be temporarily shut down from Monday onwards, the company announced.
The US-based MNC said that all of its branches in the US, Canada, Western Europe, Australia and New Zealand will remain shut until March 27, but stores in South Korea, Japan, most of China and “many other countries” are going to stay open, reports in US media said.
Nike also said that its workers would be paid in full during this period of closure. IANS
Services trade surplus, robust forex to keep India’s current account in safe zone: Crisil
New Delhi: The surplus in services trade and robust flow of remittances in India provide a cushion and should keep the current account in the safe zone, a new Crisil...
Sensex jumps 1,131 points, Nifty closes above 22,800 as markets rally
Mumbai: Indian stock markets ended on a strong note on Tuesday, with both the Sensex and Nifty posting significant gains. The Sensex surged 1,131.31 points, or 1.53 per cent, to...
LG Electronics India gets SEBI nod for IPO, to raise funds via offer for sale
New Delhi: LG Electronics India Limited on Tuesday announced that it has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO)...
LIC plans to acquire stake in a health insurance firm by March 31: CEO Mohanty
New Delhi: Life Insurance Corporation of India (LIC) is planning to acquire a stake in a standalone health insurance company by the end of the current financial year (FY25), its...
India’s trade deficit dips to 3-year low of $14.05 billion in February
New Delhi: India's merchandise trade deficit narrowed to an over 3-year low at $14.05 billion in February from $22.99 billion in January as exports held steady during the month while...
Impact of US tariffs on India minimal as country diversifies exports kitty: SBI report
New Delhi: The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports kitty, pitched value addition, exploring alternate areas and works...
Maruti Suzuki India announces up to 4 pc price hike from April
New Delhi: Leading automaker Maruti Suzuki India Ltd on Monday announced its third price hike this year — up to 4 per cent which is effective from April — to...
India to become world’s 3rd-largest economy by 2028, overtaking Germany: Morgan Stanley
New Delhi: India is set to become the world’s third-largest economy by 2028, overtaking Germany, according to a report by global financial services firm Morgan Stanley. This extraordinary ascent is...
FIIs selling decline in Indian market, to stabilise in next quarter: Experts
New Delhi: FII selling in India continues in early March, but the intensity of selling is slowly declining as valuations are becoming reasonable in the stock market, according to experts....
BIS seizes shoddy goods in raids on Amazon, Flipkart warehouses
New Delhi: The Bureau of Indian Standards (BIS) has carried out search and seizure operations at multiple warehouse locations of leading e-commerce companies, including Amazon and Flipkart, in cities such...
Stocks remain top investment choice for next-gen wealthy Indians: Report
New Delhi: Stocks are the most preferred investment option among India’s next-generation high-net-worth individuals (HNWIs), a new report said on Saturday. The report by Knight Frank has revealed that 23...
India’s trade flourished in Q4 2024, defied global risks: UN Report
New Delhi: India's trade saw strong growth in the last quarter of 2024, according to a new report by the United Nations Conference on Trade and Development (UNCTAD). The report...
