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E-XPLAINED, TeamLease Services, Manish Sabharwal, coronaviris impact on economy

At E-XPLAINED today: TeamLease Services chairman Manish Sabharwal

June 10, 2020 1:45:15 pm

Manish Sabharwal, Chairman and Co-founder, TeamLease Services Ltd, and Director at Central Board of the Reserve Bank of India (RBI), will join an E-xplained session on Wednesday, to provide insights into developments in the labour market and what holds for job seekers in the year ahead.

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Madhu Kapur, family withdraws case against Yes Bank

June 10, 2020 12:52:53 am

The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018.

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Govt further extends validity of motor vehicle documents till September 30

June 9, 2020 6:31:06 pm

The ministry had earlier issued an advisory on the March 30 to all states and UTs wherein it was advised that documents which had expired since February or would expire till May 31, would be treated as valid till May 31.

EPFO settles 36.02 lakh claims worth Rs 11,540 crore in April-May

June 9, 2020 6:09:13 pm

Despite the lockdown restrictions, EPFO settled a staggering 36.02 lakh claims thereby disbursing Rs 11,540 crore to its members during April and May, a labour ministry statement said.

UK economy inching past crisis peak as demand for aid slows

June 9, 2020 5:54:50 pm

The Department for Work and Pensions said the number of individuals making declarations for Universal Credit benefit claims fell to 96,510 in the week starting May 25, the first time below 100,000 since March. In normal times there are around 55,000 applications a week.

Merkel Says Lufthansa deal close as airline warns on urgency

Lufthansa offers to fly empty planes to India and carry passengers on outbound flights only

June 9, 2020 6:30:47 pm

The offer from the German airlines group Lufthansa has come at a time when the number of COVID-19 cases continue to rise in India, especially in metro cities that have the country's largest airports like Delhi and Mumbai.

FDI from Cayman Islands to India jumps three-fold to $3.7 billion in 2019-20

June 9, 2020 4:24:30 pm

India had received FDI worth USD one billion in 2018-19 and USD 1.23 billion in 2017-18 from Cayman Islands, which is UK Overseas Territory.

India’s sovereign rating downgrade created six ‘fallen angels’: Moody’s

June 9, 2020 3:54:06 pm

Companies that move from investment grade category to sub-investment grade are sometimes referred as "Fallen Angels".

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Allow states to avail extra GSDP borrowing: Baghel to Centre

June 9, 2020 3:33:36 pm

In a letter to Finance Minister Nirmala Sitharaman, Baghel requested the Centre to reconsider its decision to link the increased borrowing limit of states to specific reforms, an official statement said.

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Adani wins world’s ‘largest’ solar project; to invest $6 billion

June 10, 2020 12:53:47 am

The development helps AGEL overtake ReNew Power as the largest renewable player.

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Oil prices climb as easing of lockdowns fuels hopes for recovery in fuel demand

June 9, 2020 1:51:35 pm

Brent crude futures rose 0.5%, or 22 cents, by 0647 GMT to $41.02 a barrel. The benchmark contract had fallen $1.50 on Monday, snapping a seven-day streak of gains.

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Maruti Suzuki ties up with Mahindra Finance for vehicle loans

June 9, 2020 12:57:05 pm

As per the tie-up, customers can avail wide options for getting their car financed from Mahindra Finance, Maruti Suzuki India (MSI) said in a statement.

PVR shares decline nearly 5 per cent after Q4 earnings

June 9, 2020 11:51:53 am

PVR on Monday reported a consolidated net loss of Rs 74.61 crore for the fourth quarter ended March 2020, as the film exhibition business was impacted because of COVID-19 pandemic.

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Rupee rises 11 paise to 75.44 against US dollar in early trade

June 9, 2020 11:24:03 am

The rupee opened at 75.53 against the US dollar, then advanced to touch 75.44 against the US dollar, up 11 paise over its previous close.

Sensex tanks 414 points; financial stocks tumble

June 9, 2020 4:42:50 pm

After opening on a positive note, the 30-share index reversed all early gains to settle 413.89 points, or 1.20 per cent, lower at 33,956.69.

Fuel price hiked for third straight day: Petrol rises 54 paise, diesel dearer by 58 paise in Delhi

June 9, 2020 11:00:30 am

Fuel Price Today: In Delhi, petrol was hiked by 54 paise to Rs 73.00 per litre, while diesel was raised by 58 paise to Rs 71.17, data available with Indian Oil Corporation (IOC) showed. The prices have been raised for the third time in as many days.

‘47% MSMEs feel alternative finance options needed for those not qualifying for govt loan scheme’

June 9, 2020 3:48:11 am

78 per cent of the MSMEs are of the view that the government package could have been better, though in terms of financial adequacy, 71 per cent of them said that the quantum was adequate, as per the survey.

Hemant Kanoria: ‘Infra projects have virtually come to a standstill with migrant workers on their way back home’

June 9, 2020 3:01:24 am

The infrastructure industry and the construction sector have been experiencing a slowdown for the last two to three years.

Karnataka HC asks Sadhguru’s foundation to disclose amount raised for initiative

Tax chief seeks counsel; Jaggi Vasudev says scrap I-T

June 9, 2020 12:37:05 pm

At the ITAT webinar, Mody, in his query to Vasudev, asked that even as the tax department “has done a lot” to ease the compliance burden of the taxpayers, “still there exists some sort of trust deficit between the taxpayer and the government”.