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Indian economy to contract in FY21; lockdown compounds economic challenges, says Moodys. (PTI Photo)

Economic damage for India from lockdown to be significant, says...

Indian economy already was growing at its slowest pace in six years and with the stimulus measures falling short of...

22 May 2020 2:06 PM IST

Indiabulls Group asks nearly 2,000 employees to resign. (PTI Photo)

Indiabulls sacks nearly 2,000 employees

Some employees of the company have claimed that they received a transfer order as they have not submitted their...

22 May 2020 1:14 PM IST

15 of family test positive after visiting relative at hospital. (PTI Photo)

Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal,...

The rating agency said most sectors are likely to experience varying degrees of revenue contraction due to demand and...

22 May 2020 12:28 PM IST

RBI Guv Shaktikanta Das address press after govts relief package. (PTI Photo)

RBI cuts repo rate, extends loan moratorium, projects negative GDP...

RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to...

22 May 2020 11:13 AM IST

Two months after all domestic and international flights were halted in India due to the coronavirus pandemic, 33 per cent domestic flights will restart May 25. (PTI Photo)

Domestic air travel open, conditions apply

Airlines told to keep fares within the prescribed range, and 40 percent seats must be sold at the mid-point of lower and...

22 May 2020 9:32 AM IST

Hong Kong stocks tumble, Asian shares lower as Beijing impose new security law. (AP Photo)

Hong Kong stocks tumble, Asian shares lower as Beijing impose new...

China is set to impose new national security legislation on Hong Kong

22 May 2020 9:19 AM IST

KKR to invest in Reliance Industries digital unit. (PTI Photo)

Reliance Jio gets 5th deal, KKR invests Rs 11,367 crore for 2.32%...

The purchase of the 2.32% stake in Jio Platforms for 113.67 billion rupees is KKR's biggest investment in Asia

22 May 2020 8:55 AM IST

Japans exports plunged nearly 22 per cent in Apri. (AFP)

Recession-hit Japan's exports, imports fall due to pandemic

The drop in exports is the worst since the 2008 financial crisis, as export-dependent Japan struggles to juggle the...

21 May 2020 10:22 AM IST

India will allow airlines to begin some domestic flights from May 25. (AFP Photo)

India to resume domestic passenger flights from May 25

Indian Railways too has announced to commence its routine passenger train operations from June 1 with about 200 non-AC...

21 May 2020 9:07 AM IST

Global equities have received a boost this week as governments around the world gradually loosened their coronavirus lockdown restrictions. (AFP Photo)

Asia shares rise on hopes of rapid economic recovery

Global equities have received a boost this week as governments around the world gradually loosened their coronavirus...

21 May 2020 8:55 AM IST

UK engine-maker Rolls-Royce says to axe 9,000 jobs. (AFP Photo)

Rolls-Royce to axe 9,000 jobs

Airlines and their supplies have been among the hardest hit businesses by lockdowns to contain the pandemic

20 May 2020 4:04 PM IST

Ola to layoff 1,400 staff as COVID-19 pandemic hits revenues. (PTI Photo)

Ola decides to downsize and -"let go-" of 1,400 employees

Revenues declined by 95 per cent in the last two months due to coronavirus pandemic

20 May 2020 2:25 PM IST