Wednesday, May 27, 2020
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Browing Category

Business

Retailers upset over no government support, warn of business closures

New Delhi, May 17 (IANS): Finance Minister Nirmala Sitharaman may have announced all relief and reform measures as part of the Rs 20 lakh crore economic package to tide over the coronavirus crisis, but a major segment of the economy – the reta...

17 May 2020

Tesla to build Cybertruck Gigafactory in Austin: Report

San Francisco, May 17 (IANS): Elon Musk-owned electric vehicle (EV) maker Tesla is reportedly planning to build its next Gigafactory factory to produce Cybertrucks in or near Austin, Texas. According to an Electrek report quoting a reliable source f...

17 May 2020

Industry hails structural reforms, but says liquidity boost needed

New Delhi, May 16 (IANS): As Finance Minister Nirmala Sitharaman on Saturday announced a slew of reform measures for defence and coal mining among others, industry participants have come out applauding the government for the reform decisions, but ma...

17 May 2020

Centre to amend Essential Commodities Act to ensure better prices for farmers

New Delhi, May 15 (IANS): In a bid to enable better price realisation for farmers. the Centre has decided to amend the Essential Commodities Act whereby agriculture produce including pulses, onion, potato and cereals would be deregulated. Edible oil...

15 May 2020

FM unveils INR 10K crore scheme to formalise micro food enterprises

New Delhi, May 15 (IANS): Finance Minister Nirmala Sitharaman on Friday said that the Centre will launch a INR 10,000 crore scheme for formalisation of micro food enterprises (MFEs). Addressing the media here, Sitharaman said that the scheme is in li...

15 May 2020

Post-lockdown flights: Cabin crew attire to have face shield, gown and mask

New Delhi, May 15 (PTI): Cabin crew members of Indian airlines will have personal protective equipment (PPE) like face shields, gowns and masks as part of their attire on commercial passenger flights when they resume operations, industry sources said...

15 May 2020

MakeMyTrip rolls out gourmet meal delivery service

New Delhi, May 14 (IANS): Online travel major MakeMyTrip has rolled out an online gourmet delivery service in partnership with luxury and premium hotel chains and independent properties across cities in India. With traditional dine-in experiences co...

14 May 2020

Vande Bharat-II: Air India to operate flights to 32 countries from May 16

New Delhi, May 14 (IANS): National carrier Air India and its subsidiary Air India Express will expand their scope of operations under the ‘Vande Bharat’ air repatriation operations and are likely to operate flights to 32 countries from M...

14 May 2020

1st instalment of stimulus puts almost no financial burden on exchequer

New Delhi, May 14 (IANS): The first instalment of stimulus package announced by government on Wednesday will just put a burden of Rs 2,500 crore on the exchequer as all other measures involve bank loans and guarantees have almost no of negligible fis...

14 May 2020

Vijay Mallya asks govt to accept loan repayment offer, close case against him

New Delhi, May 14 (PTI): Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and close case against him. While congratulati...

14 May 2020

Centre widens definition of MSMEs, raises investment limits

New Delhi, May 13 (IANS): In a major move to benefit several businesses in the country, the Centre has decided to review the definition of micro, small and medium enterprises (MSME) and announced increase of investment limits. Addressing the media he...

13 May 2020

BRICS’ New Development Bank provides USD 1 billion loan to India to fight Covid-19

Beijing, May 13 (PTI): The New Development Bank of the BRICS countries has fully disbursed USD one billion emergency assistance loan to India to help it contain the spread of Covid-19 and reduce human, social and economic losses caused by the coronav...

13 May 2020

177 new mandis integrated with eNAM

New Delhi, May 12 (IANS): With the launch of 177 additional mandis, the total number of eNAM mandis across country reached 962 as Union Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar on Monday launched integration of new mandis wit...

12 May 2020

Amazon Business launches ‘Covid-19 Supplies Store’ in India

Bengaluru, May 11 (IANS): Amazon Business on Monday introduced its “Covid-19 Supplies Store” to provide easy access for businesses to buy Covid-related supplies on the e-commerce platform in the country. The initiative is designed to hel...

11 May 2020

HDFC Bank to offer new iPhone SE for just INR 38,900

New Delhi, May 11 (IANS): The new iPhone SE (64GB) will cost INR 38,900 in India with a special offer from HDFC Bank that will be available for purchase on etailer Flipkart by the end of this week or early next week. The HDFC Bank offer is inclusive ...

11 May 2020

CEOs must invest in automation but with empathy in Covid-19 times

New Delhi, May 11 (IANS): As CEOs the world over realise the importance of investments in automation that can remove some risk of dependence on humans and adapt without intervention to demand fluctuations in such uncertain times, they should automate...

11 May 2020

At least 600 Amazon employees hit by coronavirus — Report

San Francisco, May 11 (IANS): Nearly 600 Amazon employees have been tested coronavirus positive, a company employee has told CBS News, and at least six of those infected are dead. Jana Jumpp, 59, who works at an Amazon warehouse in Indiana, told the ...

11 May 2020

Zomato extends Gold memberships across countries by 4 more months

New Delhi, May 11 (IANS): Zomato CEO Deepinder Goyal on Monday announced to extend all Gold memberships across countries by four more months. In March, Zomato extended Gold memberships by two months, acknowledging that dining out plans would be affec...

11 May 2020

Hero MotoCorp reopens 1,500 outlets, sells 10,000 bikes

New Delhi, May 10 (IANS): Two-wheeler major Hero MotoCorp said, here on Sunday, it had revived retail operations with re-opening of over 1,500 customer touch-points, including authorised dealers and service outlets, in the past few days. The company...

10 May 2020

Samsung second in global smartwatch market in Q1, Apple leads

Seoul, May 10 (IANS): Samsung Electronics became the second-largest vendor of smartwatches in the first quarter of the year, amid the rising popularity of the wearable device. Samsung, which makes the Galaxy Watch, shipped 1.9 million smartwatches i...

10 May 2020

Centre issues guidelines for manufacturing units post lockdown

New Delhi, May 10 (IANS): As the restrictions are being gradually eased in some zones to bring the economy back on track, the Centre has issued fresh “guidelines for restarting manufacturing industries after lockdown”, advising them not ...

10 May 2020

Lava resumes operations at Noida factory with 600 employees

New Delhi, May 9 (IANS): Domestic mobile brand Lava on Saturday said it has resumed production at its manufacturing facility in Noida with over 20 per cent production capacity. Nearly 600 employees of its 3,000-strong workforce are now back at the fa...

09 May 2020

Samsung leads segment starting INR 30K, iPhone 11 bestseller in India

New Delhi, May 8 (IANS): India’s smartphone shipments in the premium segment (INR 30,000 or roughly $400 and above) grew 21 per cent (YoY) driven on new launches and aggressive offers, while Samsungs premium shipment volume market share of 34 ...

08 May 2020

Microsoft slams Amazon’s Cloud arm for blocking $10bn Pentagon project

San Francisco, May 8 (IANS): Microsoft has come out in the open against ecommerce giant Amazon’s Cloud arm, slamming Amazon Web Services (AWS) for once again challenging the US government’s decision to award $10 billion Pentagon Cloud pro...

08 May 2020

Vista to invest INR 11,367 crore in Jio Platforms

Mumbai, May 8 (IANS): Reliance Industries Limited and Jio Platforms Limited on Friday announced that Vista Equity Partners will invest INR 11,367 crore in to Jio Platforms. This investment values Jio Platforms at an equity value of INR 4.91 lakh cror...

08 May 2020
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