Business

The economy contracted 23.9% in the three months ending in June, compared to the previous year, according to official statistics released Monday. The collapse of the world’s fifth-largest economy was worse than economists expected and one of the most severe contractions of any nation as a result of the pandemic. …

The Indian economy contracted a whopping 23.9% in the June quarter, an unpleasant figure that the market largely expected. But more than the impression of the headline, what worried the markets were the gaps behind its calculation. In fact, the Central Statistical Organization (CSO) faced a major challenge in collecting …

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Mumbai: Oil-to-telecoms conglomerate Reliance Industries (RIL) is in talks to sell a minority stake in its retail business to Walmart Inc, a report suggested Monday. The world’s largest retailer is emerging as one of the first candidates to acquire a stake in India’s largest retail company, Morning Context said, citing …

Economists Say Rapid Rise In COVID-19 Cases Could Delay Recovery In Already Slowing Economy India’s gross domestic product or GDP contracted 23.9 percent in the April-June period, official data showed today, as disruptions induced by the coronavirus pandemic damaged businesses and livelihoods across the country. Despite the monetary and fiscal …

NEW DELHI: India’s gross domestic product (GDP) growth for the first quarter (ended June 30) of the 2020-21 financial year saw the largest quarterly decline of 23.9%, data released by the government on Monday. The sharp contraction in GDP figures is mainly due to the closure of business activity during …

Jonty Rhodes, the Kings XI Punjab field coach, hopes that veteran franchise players such as Mohammed Shami, Karun Nair and KL Rahul will lead from the front and set an example for their younger teammates. Rhodes, who along with Andy Flower and Wasim Jaffer, is part of the KXIP training …

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Zhang Yiming’s plan to sell the US operations of his short video app TikTok to avoid a shutdown was jeopardized after China asserted its authority over a deal that was already under scrutiny by the Trump administration. Beijing added uncertainty to already thorny negotiations on the sale of ByteDance Ltd.’s …

Ankhi Das is Head of Public Policy at Facebook India (Archive) New Delhi: A Facebook executive at the center of allegations that the social media site failed to enforce hate speech rules on members of the ruling BJP was named in a second Wall Street Journal report about internal posts …