Business
Govt to Ensure Firms Don't Get Picked up at Throwaway Prices amid Covid-19 Crisis: FM Nirmala Sitharaman
The amendments to the FDI rules were necessitated on concerns among officials as well as businesses about possible takeover attempts at a time when share prices are down due to the COVID-19 crisis.
No Decision Taken on Setting Up Bad Bank: FinMin Official
Lenders have been making a case for setting up a bad bank to ease out pressure of bad loans on them in these difficult times.
Nokia Shuts Plant in Tamil Nadu after 42 Test Positive for Coronavirus
The company said it had already implemented measures such as social distancing and changes to canteen facilities.
Uber India Lays Off 600 Employees as Coronavirus Crisis Batters Revenues of Cab Aggregators
Uber India's decision comes after the Centre, on May 17, extended the nationwide lockdown until May 31, but allowed several more relaxations outside containment zones to restart economic activity.
Gold Ticks up amid Brewing Sino-US Tensions over Hong Kong
Asian shares gained ground on expectations of an economic recovery and as investors focussed on more stimulus in China.
India Looks to Store Cheap Oil in United States: Oil Minister Dharmendra Pradhan
Oil prices have dropped more than 40% so far in 2020 but have picked up in the past few weeks partly due to efforts by the OPEC Countries and allies to reduce supply.
Covid-19: Cargo Volume at Major Ports Slip 21% to 47 Million Tonnes in April; Chennai, JNPT Severely Hit
Ports like JNPT, Chennai, Cochin and Kamrajar witnessed huge decline in cargo handling, as per the latest data.
Bank of Baroda to Offer up to Rs 12,000 Crore Loans to MSMEs under Credit Guarantee Scheme
All existing MSME borrowers with outstanding credit of up to Rs 25 crore as on February 29 and with an annual turnover of up to Rs 100 crore would be eligible for funding under the scheme.
RIL's Jumbo Rs 53,125 Crore Rights Issue Opens, Entitlement Shares Trade on Premium
Given the volume in trade of RIL - RE, it seems that demand is too high.
Big Ticket Reforms to 'Unshackle' Agri Sector: India Inc on Centre's Third Tranche of Economic Stimulus
Union Finance Minister Sitharaman also announced a Rs 1 lakh crore Agri Infrastructure Fund that will finance projects at farm-gate and aggregation point for efficient post-harvest management of crops.
Rs 10,000-crore Job Work Offered under MNREGS to Migrant Workers: Finance Minister
About 40-50 per cent more persons have been enrolled as compared to May last year, she said.
India Will See 'V-Shaped' Economic Recovery, Big Reforms Coming: CEA KV Subramanian
Chief Economic Advisor KV Subramanian said the stimulus package would address the supply side impact with liquidity injection.
Rs 20 Lakh Crore Economic Package Will Help Businesses, Especially MSMEs, Says PM Modi
Seeking to boost the COVID-hit economy, Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3-lakh crore collateral-free automatic loan for businesses, including MSMEs.
Vedanta Shares Zoom 10 Percent on Delisting Plan
Anil Agarwal announced plans to delist Vedanta Ltd by buying out nearly 49 per cent of public shareholding.
Oil Prices Drop Nearly $1 Per Barrel amid Supply Glut, Fears of Second Coronavirus Wave
Global oil demand has plummeted by about 30% as the coronavirus pandemic curtailed movement across the world, building up inventories globally.
SBI General Posts Net Profit of Rs 412 Crore in 2019-20
However, the company's underwriting profit declined to Rs 61 crore as against Rs 79 crore last year.
