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Covid19 hit South Asia very hard, worst economic performance in 40 years says World Bank. (PTI Photo)

World Bank estimates worst economic slump in South Asia

The dire economic effects are already much in evidence, with widespread lockdowns freezing most normal activity

12 April 2020 9:57 AM IST

US senators press Saudi officers to place oil minimize in movement. (AP PHOTO)

US senators urge Saudi officers to take concrete action to cut oil...

Saudi Arabia and Russia were close to finalizing a deal to cut crude output by a record 10 million barrels per day

12 April 2020 9:39 AM IST

Petrol and diesel sales have slumped over 66 per cent in April. (Photo- PTI)

Petrol pump operators seek financial support as sales drop

Petrol and diesel sales have slumped over 66 per cent in April as the nationwide lockdown halted economic activity and...

10 April 2020 6:25 PM IST

BSNL CMD Pravin Kumar Purwar during an MoU signing . (Photo- PTI)

Telecom infra firms ask BSNL to immediately clear Rs 1,500 cr dues

The non-payment, the firms said, so far has already resulted in mobile service outage at various places in the country.

10 April 2020 5:05 PM IST

EPFO settles 1.37 lakh withdrawal claims amid covid19. (ANI- Photo)

EPFO settles 1.37 lakh covid19 withdrawal claims

The provision for a special withdrawal from EPF scheme to fight Covid-19 pandemic is part of the PMGKY scheme announced...

10 April 2020 4:42 PM IST

Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs participated in G20 Meeting of Finance Ministers and Central Bank Governors. (AFP- FILE PHOTO)

G20 meeting of Finance Ministers and Central Bank Governors on Apr 15

The virtual meeting of the finance ministers and central bank governors comes within a fortnight of their last meeting...

10 April 2020 3:05 PM IST

In this file photo taken steam rises from a coal power plant of global energy supply company Uniper beside a wind turbine. (AFP PHOTO)

Ind-Ra downgrades power sector ratings to negative

Power generation companies will face an elevated counterparty risk due to steep fall in demand

10 April 2020 1:36 PM IST

ADB is committed to supporting Indias emergency needs. (AFP- FILE PHOTO)

ADB assures $2.2 billion support package to India for battling covid19

Asian Development Bank is also engaged with the private sector to meet its financing needs during this period

10 April 2020 1:03 PM IST

The global economy is expected to slump into recession in 2020 says RBI. (PTI Photo)

Virus has sharply altered India's economic recovery: RBI

India's economy expanded at its slowest pace in more than six years in the last three months of 2019

10 April 2020 12:18 PM IST

US job losses surge as 6.6 million workers apply for unemployment aid. (Photo- AFP)

Coronavirus impact: US unemployment claims surge by 6.6 million

Numbers released Thursday by the U.S. government showed that 6.6 million workers applied for unemployment benefits last...

10 April 2020 10:45 AM IST

UK court grants bankruptcy reprieve to Vijay Mallya

UK court grants bankruptcy reprieve to Vijay Mallya

The judge concluded that the legal cases being pursued by Mallya in India stood a reasonable prospect of success

10 April 2020 9:35 AM IST

(File) OPEC Conference President Saudi Arabias Energy Minister Khaled al-Falih (2ndR), OPEC Secretary General Mohammed Barkindo (R) and Angolas Governor for OPEC and Chairman of the Board of Governors Estevao Pedro (2nd L) the 173rd OPEC Conference of Organization of the Petroleum Exporting Countries (OPEC) in Vienna. (AFP Photo))

OPEC, Russia agree to oil output cuts; Mexico rejects global plan

The planned output curbs by OPEC+ amount to 8 million barrels per day

10 April 2020 9:09 AM IST