Hong Kong flag carrier Cathay Pacific on Wednesday announced that it will eliminate 8,500 job posts, making 5,900 staff redundant, and shut one of its regional airlines with immediate effect in an effort to cope with the Covid-19 pandemic-induced fallout.
Experts and traders are of the view that heavy rainfall in south and western regions has led to supply disruption and impacted the arrival of the kharif crop which will begin in full swing in the coming weeks.
Gold prices fell by Rs 268 to Rs 50,860 per 10 grams in the national capital on Tuesday amid a decline in international prices of the precious metal, according to HDFC Securities.
7th Pay Commission: The salaries of the employes may lead to hike before Diwali as the Union government is planning to change the base year for the consumer price index for industrial workers (CPI-IW). The move is likely to benefit 48 lakh central government employees.
Real estate development company Sunteck Realty on Tuesday it has acquired around approx 50-acre land parcel in Vasind, Thane near Mumbai to develop a residential project. Sunteck Realty said the project will have a revenue potential of Rs 1,250 crore spanning over next 4-5 years.
Gold prices rose by Rs 182 to Rs 51,740 per 10 grams in the national capital on Monday, following gains in global precious metal prices, according to HDFC Securities.
Russian Direct Investment Fund (RDIF) has inked a pact with Delhi-based pharmaceutical company Mankind Pharma for marketing and distribution of its Sputnik V vaccine
Prabhas is cast opposite Pooja Hegde in Radhe Shyam that also features Sachin Khedekar, Bhagyashree, Priyadarshi, Murali Sharma, Sasha Chettri, and Kunaal Roy Kapur.
A big relaxation for those who lost their job during coronavirus lockdown as the Centre has extended Atal Beemit Vyakti Kalyan Yojana (ABVKY), to ensure that Employees’ State Insurance Corporation-registered workers till June 30, 2021 along with enhanced relaxation and benefits.
With coronavirus lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of state-owned oil firms to fall by more than 15 per cent in the current fiscal year before a gradual recovery in 2021-22.
Reliance Industries Ltd (RIL) has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today.
Initially, the RBI on March 27 had issued the circular which allowed lending institutions to grant a moratorium on payment of instalments of term loans falling due between March 1, 2020, and May 31,2020, due to the pandemic. Later, the period of the moratorium was extended till August 31 this year.
The Wholesale Price Index (WPI) inflation has risen to 1.32 per cent for September as compared to 0.16 per cent in August, data published by the government showed on Wednesday.
Shares of IT services major Wipro on Wednesday plunged nearly 7 per cent in early trade on the bourses after the company posted 3.4 per cent decline in consolidated net profit for the September quarter.
Apple stock fell as much as 4% on Tuesday as the tech giant unveiled its first slate of 5G- phones --- iPhone 12 range, erasing $81 billion worth of market value.
Parle Products, maker of the much-loved Parle G biscuits, has announced that they will not advertise on news channels that "broadcast toxic content" and are accused of spreading hate.
Mukesh Ambani-owned Reliance Jio has become the first mobile service provider in the country to cross 40 crore customers mark.
Wipro, an Indian multinational corporation providing solutions in information technology field, consulting and business process, board on Tuesday approved a share buyback worth Rs 9,500 crore to reward stakeholders.
UIDAI has allowed Aadhaar reprint on polyvinyl chloride (PVC) card that individuals can now order online. Aadhaar PVC card will be delivered by Speed Post within five working days (excluding the date of request).
IT services major Infosys has hit a fresh 52-week high of Rs 1,146.50 apiece for the second consecutive day on the BSE, gaining over one percent.
The online banking services of State Bank of India (SBI) have been hit by connectivity issues, the bank informed in a tweet on Tuesday. However, the bank added that the ATMs and point of sale (POS) machine services are functional.
Equity benchmarks Sensex and Nifty opened on a cautious note on Tuesday as market participants preferred to book profits at higher levels after an eight-session market rally.
The co-founder of Chinese smartphone maker OnePlus Carl Pei has reportedly left the company ahead of the flagship OnePlus 8T series and the affordable Nord N10 series launch. Two separate sources speaking with TechCrunch confirmed that Pei has left OnePlus.
An extremely rare, "fancy vivid purple-pink internally flawless" diamond is set to go under the hammer next month at a Sotheby's auction. The 14.83-carat diamond could fetch up a whopping $38 million.
Finance Minister Nirmala Sitharaman said the employees could buy items that attract 12 per cent or more goods and services tax (GST). These purchases will have to be made in digital mode from GST-registered outlets.
The Employees' Provident Fund Organisation (EPFO) is expected to credit the first instalment of the 8.5% interest to its subscribers by Diwali, a report by Live Hindustan said.
As the threat of the COVID-19 pandemic still looms large across the world, technology giant Microsoft has decided to throw open an option to its employees to work from home permanently.
Indian Railways has allowed booking and cancellation of tickets till 5 minutes before departure of the train. The new rule will come into effect from tomorrow i.e October 10. The new rule will be applicable for all special trains being run by Indian Railways, along with Tejas Express, which will start from October 17th.
US online retailer Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant.
Reserve Bank of India (RBI) Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high inflation, said Governor Shaktikanta Das. Three new external members in the panel voted in today's decision.
Equity benchmark Sensex on Thursday rose to 340 points to reclaim 40,000-mark amid positive cues from global markets and sustained foreign fund inflow.
The government on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI), it said in a notification. Rao is currently an Executive Director with the central bank.
In a move to shift towards work from home practice, Beverages maker Hindustan Coca-Cola Beverages (HCCB) on Wednesday said it has introduced an option of permanent work-from-home for its employees whose physical presence in the office is not required as part of a new policy.
In a welcome development for business, movie watchers, the Delhi government on Wednesday permitted reopening of cinemas, theatres and multiplexes with up to 50 per cent of their seating capacity from October 15.
TCS will buyback 5.33 crore shares worth Rs 16,000 crore. This is first buyback programme by the country's largest IT major in the current fiscal.
Aditya Puri, HDFC Bank Chief Executive Officer (CEO) and Managing Director, in an attempt to boost the morale of its employees, assured them that their jobs, bonuses and increments are secure.