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Union Finance Minister Nirmala Sitharaman. (PTI Photo)Business
Rs 3 lakh crore collateral-free automatic loan for businesses, MSMEs:...

To provide stressed MSMEs with equity support, the government will facilitate the provision of Rs. 20,000 crore as...

13 May 2020 5:33 PM IST

Some auto companies resume production after profit slumps on weak demand. (PTI Photo)Business
Top auto companies resume production after profit slumps on weak...

Maruti Suzuki India reported a 27.77 percent decline in consolidated net profit to Rs 1,322.3 crore for the fourth...

13 May 2020 5:09 PM IST

Kotak Mahindra Bank reports 4% decline in Q4 net profit to Rs 1,952 crore. (PTI Photo)Business
Kotak Mahindra Bank Q4 profit down 4% due to Covid19 related...

During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same...

13 May 2020 3:33 PM IST

Ashok Leyland resumes production. (PTI Photo)Business
Ashok Leyland resumes production across India

The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in...

13 May 2020 2:42 PM IST

The New Development Bank of the BRICS countries has fully disbursed USD one billion emergency assistance loan to India. (PTI Photo)Business
BRICS' new development bank provides $1 billion loan to India to fight...

The 'Emergency Assistance Program Loan' to India was approved by the NDB Board of Directors on 30 April

13 May 2020 1:30 PM IST

Auto component industry likely to witness double-digit degrowth in FY21. (PTI Photo)Business
Auto component industry likely to witness double-digit degrowth in...

India exports around 12 percent of the total auto components to economies with reliance on crude oil such as Africa and...

13 May 2020 1:24 PM IST

COVID-19 hits hotel industry: Revenue per room drops 13-29% in Jan-Mar. (PTI Photo)Business
Covid19 hits hotel and hospitality sector; Delhi, Bengaluru worst-hit

The occupancy level fell most in Delhi at 16.9 percentage points during January-March 2020

13 May 2020 11:59 AM IST

Sensex zooms over 1,400 pts on PM Modis Rs 20 lakh cr economic booster. (PTI Photo)Business
Sensex zooms over 1,400 pts on PM Modi's Rs 20 lakh crore economic...

ICICI Bank was the top gainer in the Sensex pack, surging around 7 per cent

13 May 2020 11:07 AM IST

Sebi lists 8 entities that can undertake e-KYC Aadhaar authentication. (PTI Photo)Business
Sebi allows e-KYC using Aadhaar for 8 entities

Sebi lists 8 entities that can undertake e-KYC Aadhaar authentication. (PTI Photo)

13 May 2020 9:42 AM IST

Hyderabad: Park Hyatt Hotel , Banjara Hills. (Deccan Chronicle Photo)Business
Hyatt to lay off 1,300 employees as pandemic cripples travel

Hyatt said it had also cut pay for senior management, board members and all employees in corporate offices as part of a...

13 May 2020 9:01 AM IST

Gilead Sciences Inc said on Tuesday it has signed non-exclusive licensing pacts with five generic drugmakers based in India and Pakistan. (Photo- Twitter)Business
Gilead ties up with 5 generic drugmakers in India, Pakistan for...

The licenses are royalty-free until the World Health Organization declares the end of the public health emergency...

13 May 2020 8:44 AM IST

Oil prices fell in early Asian trading on Wednesday . (AFP Photo)Business
Oil falls amid concerns about second wave of virus, rise in...

Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a...

13 May 2020 8:29 AM IST

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