coronavirus crisis
Japan slips into recession, slump set to worsen as pandemic wreaks havoc
The world’s third-largest economy shrank for second consecutive quarter in three months to March, intensifying challenge for policymakers
India's farmers gather record wheat crop, but cannot move it
The largest crop gathered globally during the pandemic, which is worth more than $26 billion
US weekly jobless benefits to stay elevated as coronavirus layoffs widen
The economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression of the 1930s,
Kotak Mahindra Bank announces 10% pay cut for staff earning above Rs 25 lakh
The move comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21
Consumers won't benefit from lower crude oil prices as govt hikes taxes on fuel
Taxes and duties on petrol and diesel were increased by 10 rupees/litre and 13 rupees/litre, respectively
Varun Beverages March quarter profit rises 50% to Rs 60 crore
The company said though the demand in domestic and international markets is curtailed, it is expected to get normal in the near term
ITC faces union backlash over coronavirus work warnings
ITC has warned some workers of disciplinary action and pay cuts for missing work during the coronavirus crisis
Indian bank bad debt could double in coronavirus crisis
A fresh surge in bad debt could hit credit growth and delay India’s recovery from the coronavirus pandemic
Oil prices lower on storage crisis as virus saps demand
Oil markets have been in turmoil for weeks as the virus strangles demand due to business closures and travel restrictions
FPIs in selloff mode, pull out Rs 15403 cr in April amid coronavirus crisis
In March, FPIs had withdrawn a record Rs 1.1 lakh crore on a net basis from the Indian capital markets