(Representative image) NEW DELHI: Equity indices ended lower for the second consecutive session on Friday with the benchmark index BSE Sensex sinking more than 600 points dragged by banking, financial and metal stocks amid a strong global sell-off. The 30-share BSE index finished 634 points or 1.63 percent lower at …
Read More »Sensex Today: Sensex Loses Over 650 Points Amid widespread sell-off; Nifty below 11,350 | India Business News
(File photo) NEW DELHI: Markets started on a lower note with the benchmark index BSE Sensex dropping more than 650 points on Friday following its global peers amid widespread sell-off. Sensex dived 651 points or 1.67 percent to 38,341; while the broader NSE Nifty it was down 185 points, or …
Read More »US Airport Operations: US to Allow Indian Airlines to Conduct Ground Handling Operations | India Business News
WASHINGTON: The US Department of Transportation said Thursday that it planned to restore the ability of Indian air carriers to conduct ground handling operations at US airports. The announcement comes as India now allows US airlines to conduct the full range of ground handling operations at Indian airports, the department …
Read More »There is no such proposal before the board: VIL on investment reports from Verizon, Amazon
(Representative image) NEW DELHI: Amid reports suggesting Verizon and Amazon may invest more than $ 4 billion in the company, Vodafone idea on Thursday he said that while he constantly evaluates various opportunities as part of corporate strategy, there is no such proposal currently before his board. As the board …
Read More »No loan will be called NPA until further orders, Supreme Court says
NEW DELHI – A great relief to individuals and commercial borrowersthe Supreme Court asked Thursday banks do not declare any loan account as unproductive asset (NPA) until it approved new orders on a slew of petitions challenging charging interest on loans during the six-month payment freeze that ended on August …
Read More »The government defends the opening of economic activities amid growing cases of Covid
NEW DELHI: The government on Thursday defended its decision to open various economic activities amid mounting COVID-19 cases, saying it firmly believes that “while lives are important, livelihoods are just as important.” With a single-day record peak of 83,883 infections, India’s number of COVID-19 cases rose to 38,53,406, while the …
Read More »The Finance Minister asks banks to implement a loan restructuring plan before September 15
Finance Minister Nirmala Sitharaman (File photo: ANI) NEW DELHI: Finance Minister Nirmala Sitharaman Thursday asked banks and NBFC to implement loan restructuring plan for COVID-19-related stress by September 15, and provide appropriate support to borrowers following the lifting of the moratorium on debt repayments. The minister urged lenders to immediately …
Read More »Global Innovation Index: India Now in Top 50 on Global Innovation List | India Business News
MUMBAI: India is ranked 48th in the Global innovation index (GII) 2020 among 131 economies, entering the top 50 countries for the first time. Up four spots from last year, three ‘clusters’ (Bengaluru, Delhi and Mumbai) rank among the top 100 access points to science and technology, further supporting India’s …
Read More »China reacts to India’s ban on 118 apps
(Representative image) GUWAHATI: China has voiced strong objection to India’s decision to ban an additional 118 Chinese apps, Chinese Commerce Ministry spokesman Gao Feng said at a briefing on Thursday. India on Wednesday banned 118 Chinese mobile apps, including PUBG, amid the showdown with China on the Royal Line of …
Read More »MGNREGA Scheme: Center Plans to Expand World’s Largest Employment Program to Cities | India Business News
NEW DELHI: India is considering expanding its flagship jobs program in towns to workers in cities made unemployed by the closures caused by the pandemic, a government official said. The program, when approved, can be implemented in smaller cities and will initially cost around 35 billion rupees ($ 4.8 billion), …
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