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UKs covid19 job saving scheme to taper off from August, says Rishi Sunak. (AP Photo)

Rishi Sunak sets out plans to taper off UK's Ccovid19 job saving...

From July 1, employers will have maximum flexibility to decide to bring back employees for a number of days per week

30 May 2020 3:13 PM IST

Three Indian companies get licence to manufacture NASAs coronavirus ventilators. (Photo- NASA)

Three Indian companies get licence to manufacture NASA's coronavirus...

Apart from Indian firms, 18 other companies, including 8 American and 3 Brazilian are selected to manufacture critical...

30 May 2020 2:33 PM IST

Yes Bank acquires 24% stake in Dish TV India through pledged shares. (PTI Photo)

Yes Bank acquires 24% stake in Dish TV India

The shares have been acquired on invocation of pledge of shares and this is a one-time transaction, said Yes Bank

30 May 2020 1:13 PM IST

Sebi extends power of attorney norms implementation date to August 1. (PTI Photo)

Sebi extends power of attorney norms implementation date to August 1

The regulator received representations from stock brokers and broker associations regarding difficulty in implementing...

30 May 2020 11:45 AM IST

Indias economy seen slowing rapidly even before coronavirus outbreak. (PTI Photo)

Even before Covid19, India's economy was slumping

The economy grew by 3.1% in Jan-Mar quarter of 2019-20, against 5.7% at the same time a year ago, the slowest growth in...

30 May 2020 11:17 AM IST

RBI imposes Rs 4 crore penalty on Citibank. (AFP Photo)

RBI imposes Rs 4 crore penalty on Citibank

According to the RBI, this action is based on deficiencies in regulatory compliance

30 May 2020 10:22 AM IST

Commuters crowd Cadorna train station in Milan, Italy. (AP Photo)

Italy slips into great recession since World War II

Business confidence in the eurozone's third largest economy in May plummeted to its lowest level

30 May 2020 10:03 AM IST

US firms in Hong Kong awake to sad day as Trump vows to curb economic ties. (AP Photo)

US firms in Hong Kong awake to 'sad day' as Trump vows to curb...

Trump said Beijing had broken its word over Hong Kong's high degree of autonomy by proposing new national security...

30 May 2020 8:32 AM IST

At a meeting on Saturday in the national capital, India along with two other neighbours Bangladesh and Nepal discussed a draft enabling memorandum of understanding (MoU) to be signed by the three countries for implementation of the BBIN (Bangladesh, Bhutan, India and Nepal) MVA (Motor Vehicles Agreement).

Despite virus outbreak, Tamil Nadu attracts 17 investors worth...

The companies which signed the MoUs are from Germany, Finland, Taiwan, France, South Korea, Japan, China, USA,...

27 May 2020 5:20 PM IST

Rajasthan restores 8-hour working in factories. (AFP Photo)

After UP, Rajasthan restores 8-hour working in factories

The state government on April 24 expanded working hours, Instead of eight hours, the working hours were increased to 12...

26 May 2020 4:02 PM IST

TVS Motor implements pay cuts for employees. (PTI Photo)

TVS Motor cuts staff salaries by up to 20% as sales plummet

There will be 5 per cent salary reduction at the junior executive level and about 15 to 20 per cent at the senior...

26 May 2020 2:25 PM IST

Uber India cuts 600 jobs amid coronavirus outbreak. (AFP Photo)

Uber India lays off 600 employees

Uber fired a total of 6,700 employees across the world and with this 25% of its global workforce is now out of job

26 May 2020 1:31 PM IST