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Hyderabad: Park Hyatt Hotel , Banjara Hills. (Deccan Chronicle Photo)

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)

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)

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

IPL wipeout may cause India 4k crore losses

IPL, which began in 2008, generates the bulk of BCCI's revenue

12 May 2020 11:50 AM IST

Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections. (PTI Photo)

Asian stocks stumble on fears of second coronavirus wave, oil up

As countries gradually ease restrictions in an effort to restart their economies, investors are anxious about a second...

12 May 2020 10:54 AM IST

Indias automakers have warned that total automobile sales could fall as much as 45% in the current fiscal year. (PTI Photo)

India's automakers warn of up to 45% sales drop as economy slumps amid...

India's auto industry is already reeling, with sales of cars, trucks and motorbikes falling 18% last fiscal year to 21.5...

12 May 2020 10:42 AM IST

Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown. (AFP Photo)

Start-ups get creative as coronavirus crisis fuels funding crunch,...

A group of the top venture firms warned startups this month that it will be very difficult to raise financing anytime...

11 May 2020 3:01 PM IST

A special court on Sunday rejected the interim bail plea filed by DHFL promoter Kapil Wadhawan and his brother Dheeraj. (Credit: PTI Photo)

Yes Bank case: Wadhawan brothers sent to judicial custody after court...

As the CBI custody of the Wadhawan brothers ended on Sunday, they were presented before the court, which sent them to...

11 May 2020 11:19 AM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM Nirmala Sitharaman postpones meet with PSB chiefs to later this...

The agenda also included taking stock of interest rate transmission to borrowers by banks and progress on moratorium on...

11 May 2020 10:44 AM IST

Nirav Modis extradition trial to begin in UK in over $2 bn fraud. (PTI Photo)

PNB scam: Nirav Modi's extradition trial to begin in UK over money...

The five-day hearing starting on Monday relates to the Indian government's extradition request certified by the UK...

11 May 2020 10:04 AM IST

Representative Image. (ANI Photo)

CII seeks Rs 15 lakh crore as immediate stimulus package

CII also called for providing enterprises an immediate support to pay salaries to its workers and avoid any job losses

11 May 2020 9:51 AM IST

Oil prices drop amid supply glut, fears of 2nd coronavirus wave. (AFP Photo)

Oil slips on fears of second covid19 wave, supply glut

Global oil demand has plummeted by about 30% as the coronavirus pandemic curtailed movement across the world

11 May 2020 9:11 AM IST