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SC says no merit in charging interest on interest for deferred payments during moratorium. (PTI Photo)

SC: Moratorium means banks can charge interest but not 'interest on...

Solicitor General Tushar Mehta said waiving interest completely will not be easy for banks as they have to pay interest...

17 Jun 2020 2:46 PM IST

AIIB approves USD 750 mn loan to India. (AFP Photo)

China-backed AIIB approves $750 million loan for India's COVID-19...

The support to India aims to ensure economic resilience to prevent long-term damage to the productive capacity of the...

17 Jun 2020 1:29 PM IST

HSBC resumes cutting around 35,000 jobs. (AFP Photo)

HSBC to cut around 35,000 jobs

The bank will maintain a freeze on almost all external recruitment, CEO Noel Quinn said in the memo sent to bank's...

17 Jun 2020 11:51 AM IST

Petrol price on Wednesday was hiked by 55 paise per litre and diesel by 60 paise a litre. (PTI Photo)

Fuel prices rise on 11th day; Petrol hiked by 55 paise/litre, diesel...

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax...

17 Jun 2020 10:17 AM IST

Oil falls on rise in US crude stocks, potential second wave. (AFP Photo)

Oil falls amid virus resurgence fears, rise in inventories

OPEC panel will meet on Thursday to further discuss ways to strengthen and review compliance to curb oil production and...

17 Jun 2020 9:41 AM IST

Japans exports, imports sank in May amid pandemic fallout. (AFP Photo)

Japan's exports fall most since 2009 as virus hits US shipments

Overall imports fell 26.2% in the year to May, versus the median estimate for a 20.4% decrease, posting the biggest drop...

17 Jun 2020 9:24 AM IST

India investment body backs incentives for Samsung display plant. (AFP Photo)

Samsung to set up Rs 54 billion smartphone display plant in India

Samsung expects to create some 1,300 jobs at the plant, the facility is likely to begin operations in 2021

17 Jun 2020 8:57 AM IST

Indias fuel demand reaches 80-85% of pre-COVID levels. (AP Photo)

Fuel demand improves sharply in June as lockdown restrictions ease

Fuel consumption at 14.65 million tonnes in May was 47.4 per cent higher than April but 23.3 per cent lower than a year...

16 Jun 2020 4:36 PM IST

India received USD 51 billion in foreign investment in 2019. (PTI Photo)

Ninth largest recipient of FDI in 2019, India will continue to attract...

Investments from India are expected to decline in 2020, with largest MNEs revising their earnings down by 25% in early...

16 Jun 2020 12:19 PM IST

Petrol price increased by 47 paise per litre and that of diesel by a record 93 paise. (PTI Photo)

In 10 hikes, petrol up by Rs 5.47 per litre and diesel by Rs 5.8

Aviation turbine fuel (ATF) price hiked by Rs 5,494.5 per kilolitre, or 16.3%, to Rs 39,069.87 per kl in national...

16 Jun 2020 11:45 AM IST

Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after pandemic hits earnings. (AFP Photo)

Tata Motors to shed 1,100 jobs at Jaguar Land Rover

The automaker posted a consolidated fourth quarter net loss of Rs 98.94 billion, as coronavirus lockdowns across its...

16 Jun 2020 10:22 AM IST

Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela. (AFP Photo)

Defying Trump, Iran aims to keep offloading gasoline glut to Venezuela

Iran has since April sent five tankers totalling about 1.5 million barrels to the leftist government of fuel-starved...

16 Jun 2020 9:20 AM IST