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Services activity contracts sharply in May due to COVID-19. (PTI Photo)

Covid19 effect: Services sector activity reduces sharply in May

Employment continued to fall in response to weak demand and expectations of further challenging conditions

3 Jun 2020 2:02 PM IST

Technology minister Ravi Shankar Prasad launches new schemes to boost electronics manufacturing. (PTI Photo)

India launches Rs 50,000 crore plan to boost electronics manufacturing

The plan comes as more companies look for manufacturing sites outside China, where the coronavirus pandemic disrupted...

3 Jun 2020 9:35 AM IST

India tells airlines to keep middle seat vacant as far as possible. (PTI Photo)

Airlines asked to keep middle seat empty

However, members of the same family would be allowed to sit together, the Directorate General of Civil Aviation said in...

2 Jun 2020 9:52 AM IST

Workers assemble cars at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central Chinas Hubei province. Asias factory pain worsens as Chinas recovery fails to lift demand. (AFP Photo)

Asia's factory pain deepens as China's recovery fails to lift demand

Japan's factory activity shrank at fastest pace since 2009, while South Korea saw manufacturing slump at sharpest pace...

1 Jun 2020 10:12 AM IST

NHAI plans to develop 57 stretches as model national highways. (PTI Photo)

NHAI to develop 57 highway stretches in every state

These model stretches will also serve as a platform to instruct the highway engineers of the country, including state...

31 May 2020 2:31 PM IST

CBDT notifies I-T returns forms for 2019-20. (AFP Photo)

CBDT issues new Income Tax return forms for 2019-20

The department revised the I-T return forms to allow assessees to avail benefits of various timeline extension granted...

31 May 2020 1:39 PM IST

High tension power lines and wind turbines at the San Gorgonio. Global energy leaders call for greater investment in clean electricity systems amid Covid-19 crisis. (AFP Photo)

Global energy leaders call for greater investment in electricity...

International Energy Agency recognised importance of the electricity sector in response to the pandemic to keep...

31 May 2020 9:32 AM IST

Iranian fuel reaches Venezuelan stations as prices set to rise. (AFP Photo)

Iranian fuel reaches Venezuelan stations as prices set to rise

Washington has warned governments, seaports, shipping firms and insurers that they could face sanctions if they aid the...

31 May 2020 9:13 AM IST

UKs covid19 job saving scheme to taper off from August, says Rishi Sunak. (AP Photo)

Rishi Sunak sets out plans to taper off UK's Ccovid19 job saving...

From July 1, employers will have maximum flexibility to decide to bring back employees for a number of days per week

30 May 2020 3:13 PM IST

Yes Bank acquires 24% stake in Dish TV India through pledged shares. (PTI Photo)

Yes Bank acquires 24% stake in Dish TV India

The shares have been acquired on invocation of pledge of shares and this is a one-time transaction, said Yes Bank

30 May 2020 1:13 PM IST

RBI imposes Rs 4 crore penalty on Citibank. (AFP Photo)

RBI imposes Rs 4 crore penalty on Citibank

According to the RBI, this action is based on deficiencies in regulatory compliance

30 May 2020 10:22 AM IST

Rajasthan restores 8-hour working in factories. (AFP Photo)

After UP, Rajasthan restores 8-hour working in factories

The state government on April 24 expanded working hours, Instead of eight hours, the working hours were increased to 12...

26 May 2020 4:02 PM IST