Business News
BloombergMay 23, 2020
Hertz files for bankruptcy after rental-car demand vanishes Subscriber Only
After the coronavirus pandemic decimated revenue, the car renter sought relief from lenders and a bailout from the U.S. Treasury Department.
ENS Economic BureauMay 23, 2020
In order to push credit into the economy, the government has also clarified to bankers that no action will be taken against them for commercial decisions gone wrong.
ENS Economic BureauMay 23, 2020
In the survey, most respondents said that they would gravitate towards familiar products in a post-COVID-19 world; about 66 per cent would hold on to money rather than going ahead with their plan to buy
ENS Economic BureauMay 23, 2020
The transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
ENS Economic BureauMay 23, 2020
The amount includes corporate tax refunds of Rs 11,610 crore to over one lakh taxpayers and Rs 14,632 crore to 15.8 lakh assessees from other categories, including salaried individuals.
Prabha RaghavanMay 23, 2020
Amid worries over high level of pulses inflation, RBI Guv calls for re-appraisal of import duties Subscriber Only
Food inflation — which had eased in February and March — had “suddenly reversed” and surged 8.6 per cent in April “as supply disruptions took their toll immune to the ongoing demand compression”, said Shaktikant
ENS Economic BureauMay 23, 2020
Under the existing guidelines on the Large Exposures Framework, the exposure of a bank to a group of connected counterparties should not be higher than 25 per cent of the lender’s eligible capital base at
PTIMay 22, 2020
The US and the European Union, which together account for 64 per cent of India's readymade garment (RMG) exports, are staring at a recession, Crisil Research said in a report
PTIMay 22, 2020
The opening of seasonal roles at Amazon India also comes amid the spate of layoffs by tech-led companies like Swiggy, Zomato, ShareChat, Ola and some others over the past few days.
PTIMay 22, 2020
After falling over 450 points during the day, the 30-share index ended 260.31 points or 0.84 per cent lower at 30,672.59.
PTIMay 22, 2020
The company has made a decision to discontinue the manufacture and supply of Zinetac tablets (150 mg and 300 mg products) manufactured in India and will in due course request cancellation of the marketing authorisation
May 22, 2020
GST on contractual damages: Time for government to clear the air Subscriber Only
Levying of taxes on ‘contractual damages’ remains one of the most debated issues under the Goods and Services (GST) laws, and may soon become litigious, with an increase in claims for damages.
Express Web DeskMay 22, 2020
Reserve Bank of India (RBI) Governor Shaktikanta Das extended the moratorium on loan repayments by three more months in view of coronavirus (COVID-19).
Express Web DeskMay 22, 2020
Following the announcement by Reserve Bank of India (RBI) Governor Shaktikanta Das, the loan EMIs are set to get cheaper particularly the home loans that are linked to the marginal cost of funds-based lending rate
Express Web DeskMay 22, 2020
Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent, while the reverse repo rate was reduced simultaneously to 3.35 per
Express Web DeskMay 22, 2020
RBI Governor Shaktikanta Das press conference highlights: The decision to reduce repo rate was taken to revive growth and mitigate the impact of the coronavirus pandemic.
PTIMay 22, 2020
Prior to this, Jio Platforms had raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic.
Pranav MukulMay 22, 2020
Air fares capped for 3 months, web check-in, face mask, and Aarogya Setu approval must Subscriber Only
While airlines did not offer an official comment on the proposal to cap fares, they said a minimum fare would help only if intrinsic demand was muted, but setting an upper cap could create shortages
ENS Economic BureauMay 22, 2020
By hiking the fiscal deficit limits for states, the Centre has enabled them to support their expenditure, even as linking of additional borrowing with reforms will help in medium-term debt management, the Commission’s Chairman N
George MathewMay 22, 2020
An RBI report states that private sector banks led the credit expansion with their share in the total credit successively expanding to 35.7 per cent in December 2019, from 32.2 per cent a year ago
ENS Economic BureauMay 22, 2020
The pandemic-led slowdown will mostly affect lower-revenue users, those who spend `50-100 a month, which could prevent further improvements in monthly ARPU, Fitch Ratings said.
Express Web DeskMay 21, 2020
India Domestic Flights Tickets and Fares: Union Aviation Minister Hardeep Singh Puri said 40 per cent of the seats in any flight would have to be sold at the mid-point of the lower and upper
PTIMay 21, 2020
There is a post-default curing period of 90 days for the rating to move from default to speculative grade and generally 365 days for default to move to investment grade.
PTIMay 21, 2020
"I think this is an year of survival, not everybody is likely to invest (in policies) when the GDP (gross domestic product) is not likely to do good. This year will not be an year
PTIMay 21, 2020
"Dealing with the COVID-19 pandemic has brought out the critical importance of the public sector in health provisioning," Fitch added.
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