Search Results for: fiscal deficit

Walmart-led investors pump in $1.2 billion in Flipkart Group

With the new investment, Flipkart group is now valued at $24.9 billion. The $1.2 billion will be funded in two tranches over the remainder of the fiscal year.

Jul 14, 2020

Covid-19 pandemic knocks Singapore into recession with record 41.2% GDP plunge

Gross domestic product (GDP) dived by a record 41.2 per cent in the three months ended March, on a quarter-on-quarter annualised basis, the Ministry of Trade and Industry said.

Jul 14, 2020

Shantanu Narayen, president and CEO, Adobe

How Adobe CEO Shantanu Narayen defied odds, added $3.13bn revenue in Q2

Joining the likes of Microsoft CEO Satya Nadella, Adobe's CEO Shantanu Narayen is the less-familiar face behind the company's phenomenal growth and skyrocketing revenue increase in Q2 2020 to touch $3.13 billion amid economic chaos in Covid-19 times.

Jul 11, 2020

The Beardo Millionaires: Trendy beard category founders exit, sell full stake to Marico

In 2017, Marico acquired a 45% stake in Beardo and now it went ahead and acquired the remaining 55% equity share in Beardo's parent company Zed lifestyle. While details of the transaction value remain undisclosed, the estimated value of the deal could be between Rs 350 to Rs 400 crores.

Jul 10, 2020

Thousands of pilots losing jobs in Middle East, India as COVID-19 crisis continues

More than 2,500 pilots have lost jobs among all Middle East carriers, and pilots in India have been affected too because of the unprecedented Covid-19 crisis, many can't join airlines back as their Indian license has expired or is about to expire due to archaic DGCA rules.

Jul 10, 2020

Majority Indian restaurants closing down; future grim for hospitality sector post Covid-19

While metros of India are gradually opening up post lockdown, many fine-dine restaurants, casual-dining restos, high-end chains, and standalone cafes are pulling down the shutters in the oncoming few weeks. As lease negotiations with landlords requesting deferment of dues fail to materialize, will the hospitality sector revive itself in the Covid-19 era of tomorrow?

Jul 9, 2020

ICICI Bank announces 8% pay hike for 80,000 employees during coronavirus pandemic

As many as 80,000 employees form more than 80 per cent of its overall workforce and the decision has been taken in recognition of the services rendered during the novel coronavirus pandemic, the sources told.

Jul 8, 2020

US says foreign students whose classes move online cannot stay, Indian students second-worst affected

Foreign students must leave the United States if their school's classes this fall will be taught completely online or transfer to another school with in-person instruction, the US Immigration and Customs Enforcement (ICE) agency announced.

Jul 7, 2020

Asia shares climb as China blue chips hit five-year peak

Asian shares scaled four-month peaks on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery, even as surging coronavirus cases delayed re-openings across the United States.

Jul 6, 2020

Working out vs consuming lesser calories - the better way to lose weight

This article will provide some evidence-based guidelines on both incidental and non-incidental exercise.

Jul 5, 2020

AIIMS doctor, IIT engineer develop mobile app for plasma donors, patients

The beta version of the app - COPAL 19 - was launched on Wednesday to honour the National Doctors Day.

Jul 1, 2020

India plans incentives for auto companies to boost exports

The Department of Heavy Industries (DHI) has sought feedback from auto industry groups on the initial proposal, which suggests giving incentives over five years to increase local production and procurement for export.

Jun 29, 2020

India-China dispute: Images show new structures near site of border clash

China appears to have added new structures near the site of a deadly border clash with India in the western Himalayas, fresh satellite pictures show, heightening concerns about further flare-ups between the nuclear-armed neighbours.

Jun 25, 2020

Boycott of Chinese goods may not be feasible, Indian exporters say

A boycott of goods from China may not be feasible as India is dependent on such imports, although New Delhi should try to cut its dependence on them, India's top export promotion grouping said on Thursday, June 25.