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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

Indias Glenmark to test potential covid19 drug combination. ( Photo- Glenmark Pharma)

India's Glenmark to test potential covid19 drug combination

Glenmark is already conducting clinical trials in India of just favipiravir as a potential treatment for COVID-19

26 May 2020 12:28 PM IST

ILO concerned over states move to ease labour laws. (PTI Photo)

ILO objects to orders increasing working hours for labour

Acting on complaints filed by 10 trade unions, ILO objects to proposed ordinances to temporarily scrap labour laws in UP...

26 May 2020 11:02 AM IST

Tea producers body estimates Rs 2,100 cr revenue loss in 3 months. (PTI Photo)

Tea producers' body estimates Rs 2,100 cr revenue loss in 3 months

The lockdown due to COVID-19 pandemic has aggravated the financial stress of the tea industry

26 May 2020 10:22 AM IST

Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Singapore cuts GDP outlook again as virus batters economy

Singapore's economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 9:00 AM IST