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US job losses in May could raise 3-month total to 30 million. (AP Photo)

US job losses in May could raise 3-month total to 30 million

Since mid-March, more than 40 million Americans have applied for unemployment benefits

4 Jun 2020 10:10 AM IST

Reliance Industries announces closure of rights issue of Rs 53,124.20 crore, subscribed 1.59 times. (ANI Photo)

Reliance Industries Rs 53,124 crore rights issue subscribed 1.59 times

The Rights Issue Committee of the Board of Directors of the company will meet on June 10 to approve the basis of...

4 Jun 2020 9:53 AM IST

Asian shares hit two-month high as economic optimism spreads. (AFP Photo)

Asian shares hit two-month high as stimulus fans recovery hopes

Oil prices fell, reversing gains made the previous session, due to uncertainty about supply cuts by major producers

4 Jun 2020 8:59 AM IST

Farmers sort tomatoes near a field for their transportation to various markets during the nationwide lockdown. India is to allow farmers to sell produce directly to bulk buyers. (PTI Photo)

India to let farmers sell produce directly to traders, retailers

The act was aimed at protecting farmers from exploitation by institutional buyers such as large retailers and food...

4 Jun 2020 8:50 AM IST

US tech giants like Google, Apple, Facebook, Amazon and Netflix are being singled out, says the US Trade Representative office.

Trump administration says won't let India, others tax US tech firms...

The US Trade Representative office has announced investigations into nations, including India, with digital services...

3 Jun 2020 10:40 PM IST

Facebook is hoping to grab a large slice of Indonesias digital sector which was estimated at $40 billion in 2019 and could triple by 2025.

Pushing for WhatsApp digital payments, Facebook picks up stake in...

We can help bring millions of small businesses and their customers into the largest digital economy in Southeast Asia,...

3 Jun 2020 9:21 PM IST

The notification form is being filed in relation to Jaadhus proposed acquisition of a minority, the non-controlling shareholding of approximately 9.99 per cent of the fully diluted equity share capital in Jio Platforms, which is worth USD 5.7 billion.

Facebook works Jaadhu on Jio for Rs 43,574 crore

Facebook incorporates new company to acquire 9.9 per cent stake in Jio.

3 Jun 2020 7:16 PM IST

Amazon India expands packaging-free shipping to over 100 cities. (AFP Photo)

Amazon India expands packaging-free shipping to over 100 cities

More than 40% of Amazon customer orders shipped from Amazon India's Fulfilment centers are now packaging-free

3 Jun 2020 4:05 PM IST

Services activity contracts sharply in May due to COVID-19. (PTI Photo)

Covid19 effect: Services sector activity reduces sharply in May

Employment continued to fall in response to weak demand and expectations of further challenging conditions

3 Jun 2020 2:02 PM IST

PSBs disburse Rs 3,893 cr loans to MSMEs under Emergency Credit Line Guarantee Scheme. (PTI Photo)

Public sector banks disburse Rs 3,893 cr loans to MSMEs

On May 21, cabinet approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25% through ECLGS...

3 Jun 2020 1:03 PM IST

Indias drug regulator grants Gilead Sciences marketing authorisation for remdesivir. (AFP Photo)

India's drug regulator grants Gilead Sciences marketing authorisation...

The approval process for remdesivir was accelerated in view of emergency situation and unmet need for medicines in light...

3 Jun 2020 11:57 AM IST

Oil hits three-month high over hopes for output cuts. (AFP Photo)

Oil hits three-month high over hopes for output cuts

OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output...

3 Jun 2020 11:35 AM IST