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State banks reported 5,743 cases of fraud in the period, most of which had taken place over the last several years.

Three Ram Dev International promoters flee India after cheating 6...

The company had three rice milling plants, besides eight sorting and grading units in Karnal district.

9 May 2020 1:01 PM IST

The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. (AP)

US unemployment surges to a Depression-era level

US Labor Department says that 20.5 million jobs vanished in April in the worst monthly loss on record triggered by...

9 May 2020 11:08 AM IST

IndiGo reinstates pay cut for senior employees from May. (PTI Photo)

IndiGo to cut salaries of senior employees from May

IndiGo announced pay cuts for its senior employees on 19 March, it had rolled them back on 23 April in deference to...

8 May 2020 1:29 PM IST

China, US commit to implement trade deal. (AFP Photo)

China, US agree to implement trade deal despite virus row

The countries have also agreed to maintain communication and coordination

8 May 2020 12:36 PM IST

Indias rating outlook reflects rising risk of slower GDP growth, low policy effectiveness. (PTI Photo)

India's rating outlook reflects rising risk of slower GDP growth:...

The agency pointed out that the negative outlook reflects increasing risks that economic growth will remain...

8 May 2020 11:55 AM IST

Uber on Wednesday said it would lay off 3,700 full-time employees, or roughly 17 percent of its head count. (AFP Photo)

Uber reports massive losses, to lay off 3,700 employees

Uber recorded $3.54 billion in total revenue for the first three months of the year, but still posted a $2.9 billion...

8 May 2020 11:25 AM IST

Oil set for positive finish to week as lockdowns eased, (AFP Photo)

Oil prices rise as countries ease virus lockdown

Oil markets were battered in April as the virus strangled demand owing to business closures and travel restrictions

8 May 2020 9:35 AM IST

Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr. (PTI Photo)

Vista Equity Partners to invest in Reliance Jio

Vista's investment will translate into a 2.32 percent equity stake on a fully diluted basis, making Vista largest...

8 May 2020 9:05 AM IST

SBI cuts benchmark lending rate by 15 bps; launches spl deposit scheme for senior citizens. (PTI Photo)

SBI cuts lending rate by 15 bps, senior citizens get a special deposit

An additional 30 basis points premium will be payable for senior citizen's retail term deposits with "5 Years & above"...

7 May 2020 4:04 PM IST

Automobile majors on Wednesday announced the resumption. (PTI Photo)

Some auto companies resume production, others prepare to restart...

Home Ministry allowed factories in rural areas or those outside municipal limits to resume production under strict...

7 May 2020 3:48 PM IST

Budweiser brewer hit by pandemic to invest more in e-commerce. (PTI Photo)

Budweiser to invest more in e-commerce as virus hits offline demand

The company said it would keep up efforts to market its premium and super-premium beers

7 May 2020 3:24 PM IST

Chinas exports saw a shock 3.5 percent rise in April . (PTI Photo)

China exports see surprise 3.5% jump in April, imports fall 14.2%

Exports of medical instruments and devices rose 11 percent in the first four months from a year ago

7 May 2020 2:22 PM IST