Home » Business

Business - Page 63

From an average growth of 8 per cent during FY17-19, urban consumption declined 0.6 per cent for the first time in two decades in FY20 before collapsing by more than a quarter during April-August 2020. (Representational Image: AFP)

Urban consumption sees worst decline in two decades

While urban consumption contracted 34 per cent, rural consumption shrank only 4 per cent

17 Oct 2020 1:12 PM IST

As part of the industrys efforts to prevent conflict-ridden diamonds entering the trade, diamond miners have started using block chain technology.

Rough diamond imports grow after seven months as order come in

The pandemic lockdown and voluntary stoppage of imports by the industry to clear inventories have seen imports declining...

17 Oct 2020 11:48 AM IST

government has extended the last date for filing annual GST return for the financial year 2018-19 by three months till September . (PTI Photo)

Centre to borrow Rs 1.1 lakh cr GST compensation for states

The amount so borrowed will be passed on to the states as a back-to-back loan in lieu of GST Compensation Cess releases

16 Oct 2020 5:51 PM IST

Apollo Hospitals Executive Vice-Chairperson Shobana Kamineni briefs media about Apollo Hospitals Group gearing up to administer 1 million COVID-19 vaccines per day, to augment the governments battle against COVID-19, at Apollo Hospitals, in Hyderabad. (PTI)

Apollo ready to administer 1 million COVID-19 vaccines a day

The group says they have also built the largest cold chain network and distribution system to safely transport and store...

16 Oct 2020 5:46 PM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

IRDAI panel bats for lower capital, liberal norms for floating...

The changes would require amendments to the Insurance Act, 1938 to bring the standalone microinsurance business under...

12 Oct 2020 2:18 PM IST

Microsoft did not assess which foreign adversary poses the greater threat to the integrity of the November presidential election. The consensus among cybersecurity experts is that Russian interference is the gravest. (Photo | AP)

Microsoft to expand work from home policy, make it permanent for some...

The company has released the new 'hybrid workplace' guidance that lays out how employees can have a more flexible remote...

12 Oct 2020 8:44 AM IST

Human activity such as population (growth) and transport combined with climate change increases antibacterial resistance... and therefore the need for more pharmaceuticals. (Photo: AFP)

Pharma market reports growth in September

Anti-infectives therapy showed a good recovery of 1.4 per cent in September against 11 per cent y-o-y decline in August

11 Oct 2020 2:41 PM IST

Reserve Bank of India (RBI) governor Shaktikanta Das. PTI photo

Further extension of loan moratorium will vitiate credit discipline:...

The RBI also urged the SC to vacate its September 4 interim order restraining banks from declaring any new...

11 Oct 2020 11:14 AM IST

Reserve Bank of India (RBI) sets out proposals for tighter governance at banks. (PTI Photo)

RBI gives relief to big ticket loans of above Rs 75 lakh

The latest announcement regarding home loan risk has done away with the requirement of factoring in loan amount while...

10 Oct 2020 5:43 PM IST

The important Chinese market, which is very restrictive for foreign firms, represents a drop in the ocean of Microsofts business, accounting for barely 1.8 percent of its turnover, president Brad Smith said at the beginning of the year.

Microsoft to let employees work from home permanently: Report

In its memo, the company said it is possible for its workers to relocate across the United States or perhaps even...

10 Oct 2020 9:54 AM IST

Reserve Bank of India (RBI) governor Shaktikanta Das addresses via livestream as he announces the central banks monetary policy decisions, in Mumbai. PTI photo

RBI keeps key rates unchanged; signals more easing to protect India's...

The six-member Monetary Policy Committee voted unanimously to retain the benchmark repo rate at 4 per cent

9 Oct 2020 2:09 PM IST

Two septuagenarian sisters from Tirupur did petty jobs and hoarded money for 10 years, but are bewildered now that their savings, totalling Rs 46,000, are of little use as the government had demonetised Rs 1,000 and Rs 500 currency notes three years ago. (Photo: Representational Image/ File)

Centre's interest waiver policy is manageable, say analysts

State Bank of India's new chairman Dinesh Khara in his first press interaction refused to comment on the issue as the...

8 Oct 2020 5:24 PM IST