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A general view of a temporary field hospital set at Ifema convention and exhibition in Madrid, Spain. AP photo

Coronavirus crisis is like no other: IMF on covid economic impact

It is way worse than the global financial crisis and it is a crisis that requires all of us to come together

3 April 2020 11:48 PM IST

Representative Image. (PTI)

Fitch slashes India growth forecast to 30-year low of 2% for FY21

On March 20, Fitch had projected India's GDP growth for 2020-21 at 5.1 per cent, lower than 5.6 per cent estimated in...

3 April 2020 4:50 PM IST

US Treasury Secretary Steven Mnuchin, shown during the White House virus press briefing on April 2, 2020, said the aid will begin but that not everyone would receive a loan immediately (Photo- AFP)

Coronavirus outbreak: US says small business aid will start Friday

Treasury guarantees the loan and will wipe it out if the company keeps its employees or re-hires those it may have...

3 April 2020 11:26 AM IST

ADB expects Indias economic growth to slow down to 4%. (Photo- PTI)

ADB expects India's economic growth to slow down to 4 pc in FY21

After a disappointing 2019, growth in the region (Asia and Pacific) is expected to slow sharply to 2.2 per cent in 2020

3 April 2020 10:58 AM IST

Representative Image (PTI)

Rupee slips 48 paise to 76.08 against US dollar amid coronavirus scare

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led...

3 April 2020 10:38 AM IST

Bombay Stock Exchange. (Photo- PTI)

Sensex slumps 674 pts; Nifty drops below 8,100

With fresh cases of novel coronavirus mounting by the day, concerns over a looming economic recession kept investors on...

3 April 2020 10:34 AM IST

The World Bank. (Photo- AFP)

Covid19: World Bank approves $1 billion emergency fund for India

The World Bank's first set of aid projects, amounting to USD 1.9 billion, will assist 25 countries

3 April 2020 9:44 AM IST

Anuj Puri, Chairman of ANAROCK Property Consultants.

Housing sales, new launches dip 42% each in Q1 2020: ANAROCK

Around 45,200 units were sold in Q1 2020 a significant decline of 42%, and of 24% over the preceding quarter due to the...

2 April 2020 2:27 PM IST

Indias car sales plunge. (PTI)

India's car sales plunge amid lockdown

Government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers to...

2 April 2020 12:47 PM IST

Representative Image (AFP)

Asia markets extend Wall Street losses on coronavirus fears

Traders' focus has returned to the devastation wrought on populations and the long-term impact of the pandemic

2 April 2020 11:03 AM IST

Moodys Investors Service. (Photo- PTI)

Moody's downgrades outlook for Indian banks due to coronavirus

Moody's said a sharp decline in economic activity and a rise in unemployment will lead to deterioration of household and...

2 April 2020 11:00 AM IST

HDFC Bank offers loan deferment option to customers. (Photo- Twitter)

HDFC Bank offers EMI, loan deferment option to customers

The bank said its debit card holder customers can now withdraw cash from any ATM without charges till June 30

2 April 2020 10:56 AM IST