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ECONOMY
COVID-19: After Samsung, Apple temporarily shuts production in India
New Delhi: With the Indian government imposing a nationwide 21-day lockdown to combat COVID-19, leading tech giant Apple's manufacturing partners have temporarily shut manufacturing in India till further notice from the government.…
Flipkart ceases operations across supply chain amid lockdown
New Delhi: E-tailer Flipkart on Wednesday said it has temporarily suspended its operations and services - including grocery items -- as India enters a 21-day lockdown.
Although e-commerce platforms were allowed to provide essential goods…
Brakes on automobile production as plants shut down
Chennai: India's second-largest carmaker Hyundai Motor India Ltd, two and three-wheeler makers TVS Motor Company Ltd, Eicher Motors Ltd and Suzuki Motorcycle India Pvt Ltd have announced the closure of their plants in order to contain the…
Coronavirus carnage continues at Sensex, investors suffer Rs 7 lakh crore loss
Mumbai: Equity benchmark Sensex plummeted over 2,100 points and the Nifty gave up the 7,900 level in opening session on Thursday as global gloom over the COVID-19 pandemic continued to hammer equities.
After sinking over 2,152 points,…
‘Banks should delay declaring companies’ accounts as NPAs’
New Delhi: Centre should ask banks to delay declaring companies' accounts as NPAs for one year due to the economic fallout of COVID-19, the Federation of Indian Export Organisations (FIEO) said.
FIEO President Sharad Kumar Saraf said…
Sensex plunges 1,200 points, falls below 30K
Mumbai: Indian stock markets plunged further on Wednesday afternoon, as the Sensex breached the psychological 30,000-mark.
It fell over 1,200 points to touch an intra-day low of 29,325.41. At 12.43 p.m., it was trading at 29,441.87,…
Equity market in red, Sensex falls 400 points
Mumbai: The key Indian equity indices traded in the red on Tuesday morning, with the BSE Sensex losing over 400 points to trade below the 31,000 mark.
The Nifty50 on the National Exchange was trading below 9,100.
At 9.26 a.m., the…
Govt notifies Yes Bank reconstruction scheme, bank to resume operations next week
New Delhi: The government on Saturday notified the scheme of reconstruction for cash-strapped Yes Bank Ltd, paving the way for the lender to resume full operations.
The private sector bank has been put under a moratorium by the Reserve…
Petrol, diesel price rise as duty hiked by Rs 3/l over global prices
New Delhi: Government has taken the bait provided by unusually low global oil prices to raise excise duty on petrol and diesel to raise revenue that has been severely impacted by a slowing economy.
It raised excise duty on petrol and…
Rupee hits record low of 74.50/$ amid corona crisis
Mumbai: The Indian rupee depreciated to a record low of 74.50 in its initial trade on Friday following the persistent fears of the coronavirus outbreak and bear run in the global financial markets.
Its previous low was 74.48 which it…
