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-
SpiceJet receives permission for drone trials to deliver medicines - Business Standard
SpiceJet receives permission for drone trials to deliver medicines Business Standard -
GDP to contract 10.8% without more fiscal stimulus, says Pronab Sen - Business Standard
GDP to contract 10.8% without more fiscal stimulus, says Pronab Sen Business Standard -
Business leaders optimistic of economic revival in 6-9 months - Economic Times
Business leaders optimistic of economic revival in 6-9 months Economic Times -
UCO Bank reduces repo-based lending rate by 40 bps
"We have slashed the repo based lending rate - UCO Float by 0.40 percent to 6.90 percent from 7.30 percent, effective from May 27," the bank said in a late night statement. -
Indian carriers in #39;survival#39; mode, need sustainable revival: IATA CEO Alexandre de Juniac
Speaking at a webinar hosted by the aviation consultancy Centre for Asia Pacific Aviation (CAPA), de Juniac also forecast the air travel demand in India to drop by 47 percent and revenue by $11 billion this year over 2019 owing to the coronavirus pandemic. -
Sundaram Finance posts Rs 131 crore net profit for March quarter
For the full 2019-20, the company registered a net profit of Rs 723.95 crore. -
Viswanathan Anand explains how technology has upended the game of chess - Business Standard
Viswanathan Anand explains how technology has upended the game of chess Business Standard -
RBI imposes Rs 4 crore penalty on Citibank
In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions. -
Andhra Paper Q4 net profit up 55% to Rs 93 crore
Andhra Paper#39;s total expenses stood at Rs 234.42 crore as against Rs 285.45 crore, down 17.87 per cent. -
Sebi warns TCS over disclosure of material information to investors - Business Standard
Sebi warns TCS over disclosure of material information to investors Business Standard -
Wall Street retreats ahead of Trump#39;s response on Hong Kong
President Donald Trump, who has warned of a tough response to China#39;s move, is expected to make an announcement later in the day. -
Exclusive | PE firm ChrysCapital to buy out Capital International#39;s stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical. -
Procter Gamble Health posts net profit of Rs 46.5 crore for March quarter
It had posted a net profit of Rs 40.70 crore in the corresponding quarter a year ago, ProcterGamble Health said in a regulatory filing. -
Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore
The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing. -
Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India. -
Business Insight | Decoding GDP numbers - Moneycontrol.com
via moneycontrol.comBusiness Insight | Decoding GDP numbers Moneycontrol.com -
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing. -
Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore
The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing. -
Wipro#39;s new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts. -
NHPC to suffer power generation loss of Rs 119.43 crore due to lockdown
"The restoration schedule of three power stations i.e. Chamera-II Power Station, Kishanganga Power Station, Loktak Power Station has been affected due to movement restrictions imposed in wake of CoVID-19 pandemic. An estimated loss of Rs 119.43 crore is expected due to anticipated generation loss," NHPC said in a statement. -
HCL Tech announces intent to acquire Cisco#39;s SON technology
The target entity is an asset carve-out of the product and services business that comprises the Self-Optimising Network (SON) from Cisco Systems Inc, HCL said in a regulatory filing. -
RCF Q4 profit jumps nearly 3-fold at Rs 142 crore
Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year. -
Sagar Cements Q4 profit down 94% to Rs 1.18 crore
The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing. -
Rice sowing not progressed much after April 10: Agriculture Ministry data
It may be noted that sowing of rice and other kharif crops is being undertaken amid the COVID-19 lockdown. Although farm activities are exempted from lockdown rules, the reasons are not known yet for slow area coverage under rice. -
COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore. -
TikTok#39;s rival Mitron app not made in India, bought for Rs 2,500 from Pakistani company: Report
It had earlier been reported that the Mitron App, which has clocked over 5 million downloads on Google Play Store, was developed by a student of IIT Roorkee and that it works exactly like its Chinese rival TikTok. -
Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter
Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added. -
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines. -
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
"The customer is now well-versed with the trends and believes in detailed research before making a purchase," said Nitin Mohan, founder and Director of Blackberrys. -
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India#39;s economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment. -
PPE manufacturers complain about lack of clarity on standardisation guidelines
"Currently, India follows a #39;one-size-fits-all#39; criteria for coveralls in contrast to the category-wise standardisation followed in other countries," said Karan Bose, Managing Director, Hula Global. -
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard, "a decision shall be taken by the concerned respondent authority within a period of four weeks". -
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release. -
Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes
The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter. -
ITC Hotels partners with Swiggy to deliver food delicacies at customers#39; doorsteps
The move would enable ITC Hotels#39; customers to enjoy their pre-paid orders with #39;no-contact#39; deliveries and have unique food experiences with local offerings from the regions at their home, said a joint statement. -
SP, Dow Jones open lower on jitters over Trump#39;s China response
The Dow Jones Industrial Average fell 76.49 points, or 0.30 percent, at the open to 25,324.15, and the SP 500 opened lower by 4.56 points, or 0.15 percent, at 3,025.17. -
Locust swarms a risk to airline operations, says DGCA
The industry regulator has advised airlines to avoid flights through locusts swarms -
UK plans new 5G club of 10 democracies, including India: Report
A so-called “D10� club of democratic partners, including G7 countries – UK, US, Italy, Germany, France, Japan and Canada – plus Australia, South Korea and India will aim to create alternative suppliers of 5G equipment and other technologies to avoid relying on China, ‘The Times#39; reported. -
COVID-19 impact | Ceat cuts capex by 33% to Rs 500 crore for FY21
The lockdown has resulted in loss of revenues to the tune of Rs 200 crore for Ceat. -
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The attachment pertains to two PMLA cases being probed by the central agency, the Rs 3,600 crore VVIP choppers case and the Moser Baer bank fraud case in which the prominent accused are the promoters of the latter firm, businessman Ratul Puri and his father Deepak Puri. -
Labour law dilution may not be the sole key to unlock factories
Dilution of labour-related laws have been done by states like Uttar Pradesh. However, that alone would not aid restarting of manufacturing activities. -
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate. -
Special scheme to help rural industrial units in Tamil Nadu launched
The scheme, which is part of the State Rural Transformation Project, would cover about 1.39 lakh beneficiaries of whom 31,952 would get a long-term loan of Rs 159.76 crore. -
COVID-19 pandemic: US consumer spending tumble in April
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month. -
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days. -
India#39;s forex reserves soar to record high of $490.04 billion
Foreign currency assets (FCA), a major component of the overall reserves, increased by $3.035 billion to $451.706 billion in the reporting week, Reserve Bank of India (RBI) data showed. -
GST Council to meet next month; FinMin not for raising rates on non-essential items
The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 days in the first leg in a bid to contain the spread of novel coronavirus. -
DD News shifts operations to Khelgaon after employee tests positive for COVID-19 posthumously
According to an official of DD News, initially they were told that the employee had a heatstroke and then they learnt he had a heart attack which led to his death. However, when they learnt that he had died due to coronavirus, the areas he may have accessed were sanitised. -
Gold price dips marginally to Rs 46,929, silver gains
The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold. -
Bombay HC notices on plea over cancellation of airport project award
As per the plea, Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), a joint venture company between Maharashtra Airport Development Company and Airports Authority of India (AAI), is now planning on issuing fresh tenders for the project.