Search Results for: fiscal deficit

India should focus on protecting economy, says ex-RBI governor

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

Aug 6, 2020

Amid inflation pressure will RBI Gov Shaktikanta Das risk slashing repo rates

Amid rising inflation concerns in times of the pandemic, economists predict RBI could ease monetary policy now. This, by cutting the repo and reverse repo rates by at least 25 bps to 3.75% and 3.10% respectively.

Aug 3, 2020

COVID impact: IndiGo's net loss at Rs 2,844.3 cr in Q1FY21

InterGlobe Aviation which runs airline major under the brand name of IndiGo on Wednesday posted its highest ever quarterly net loss at Rs 2,844.3 crore for the first-quarter of 2020-21.

Jul 30, 2020

Amid COVID crisis, CM Yediyurappa celebrates 1-yr in office in Karnataka digitally

The ruling Bharatiya Janata Party (BJP) celebrated its 1-year rule in Karnataka, with a 90-minute inaugural programme in the city, streamed digitally in all the 30 districts across the state for the benefit of the party cadres and the public.

Jul 27, 2020

ICICI Bank's Q1FY21 net profit rises 36% to Rs 2,599 cr

Private sector lending major ICICI Bank reported a 36 per cent growth in standalone net profit of Rs 2,599 crore for the first quarter of 2020-21.

Jul 25, 2020

Whether India really got new Economic technology discovered by Deepak Sharma

Humankind has no intellectual capability to convert aforesaid assets into monetary funds, therefore humankind is suffering from poverty, crony capitalism, crime and corruption.

Jul 15, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Reliance AGM 2020: Full text of Mukesh Ambani's speech about 5G solutions, Google investment, more

RIL Chairman Mukesh Ambani made several important announcements, highlighting the company's effort to make 'Made in India" voice heard globally. From Google's investment in Jio Platforms to Jio Glass smart eyewear and home-grown 5G solutions, here's everything announced on Wednesday.

Jul 15, 2020

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

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