• 

  Govt speeding up industrial reforms; pvt sector to enhance operational efficiency: Experts

  May 16, 2020 22:12 IST

  The government is fast-tracking industrial reforms and increased role of the private sector in coal, minerals, defence, power, aviation and space sectors is aimed at overall efficiency enhancement, experts said.

• 

  Efficient airspace utilisation to help reduce fuel, air ticket costs: AAI chief

  May 16, 2020 21:09 IST

  Airports Authority of India (AAI) Chairman Arvind Singh on Saturday said efficient utilisation of airspace will help reduce travel time, fuel expense and air ticket costs.

• 

  Reforms announced by FM Sitharaman will 'create many business opportunities': PM Modi

  May 16, 2020 20:21 IST

  Union Finance Minister Nirmala Sitharaman announced significant structural reforms in eight sectors of the economy — coal, minerals, defense production, aviation, power distribution in Union territories, space and atomic energy

• 

  Buyers to face heavy penalty for delaying payment to MSMEs: MSEFC chairperson

  May 16, 2020 19:19 IST

  The Micro and Small Enterprises Facilitation Council on Saturday warned that the delay in payments for supplies received from the Micro Small and Medium Enterprises would invite heavy penalty against defaulting buyers.  

• 

  Govt unleashes major privatisation reforms for coal, defence, power distribution and space

  May 17, 2020 0:10 IST

  Union Finance Minister Nirmala Sitharaman said crucial sectors such as coal production and exploration, defence production and space would see an increased participation from private entities

• 

  India to auction 6 more airports, ease air space: Sitharaman

  May 16, 2020 17:54 IST

  Among some big measures announced by the finance minister, was the decision to auction 6 more airports view a view to develop them on PPP (Public-Private Partnership) basis.

• 

  Non-migrant workers in Delhi see income drop by at least 57 per cent during lockdown: Study

  May 16, 2020 15:19 IST

  Almost two months into the coronavirus-induced lockdown, non-migrant workers in Delhi have seen their average weekly incomes drop by at least 57 per cent, according to a combined study done by a US and a Canadian universities.

• 

  FM Sitharaman presser HIGHLIGHTS: Reforms in defence, boost for air space among other measures

  May 16, 2020 18:54 IST

  On Friday, Sitharaman announced a mix of financial, legislative and reform measures aimed largely at the agricultural sector. Sitharaman said that a central law will be formulated to provide ample choice to farmers to sell crops at an attractive price. The law will also enable barrier-free interstate trade and framework for the e-trading of agricultural produce.

• 

  L&T Finance Holdings Q4 net profit declines 30 per cent to Rs 385 crore

  May 15, 2020 22:58 IST

  L&T Finance Holdings on Friday reported a 30 per cent decline in consolidated net profit at Rs 384.86 crore for the fourth quarter ended March due to higher provisioning because of COVID-19 pandemic.

• 

  Top 10 states account for 80 pc of under-construction NH projects hit due to COVID-19: Report

  May 15, 2020 22:49 IST

  Top 10 states including Maharashtra and Uttar Pradesh account for 80 per cent of the under-construction national highway projects hit due to the COVID-19 outbreak, Crisil Research said on Friday.

• 

  Nothing new in Centre's announcement of more money to states for migrant workers welfare: Vijayan

  May 15, 2020 22:41 IST

  Kerala Chief Minister Pinarayi Vijayan on Friday said there was nothing new in the announcement of the Centre's allocation of more money to thestates for the welfare of migrant workers and the amount allocated to the Disaster Relief Fund was just a share of the Centre.

• 

  Yes Bank offers COVID-19 health cover for fixed deposits over Rs 1 lakh

  May 15, 2020 22:14 IST

  Looking to shore up its deposit base, private sector lender Yes Bank on Friday launched a fixed deposit product with a health cover for COVID-19 illness.  

• 

  COVID-19: Maruti rolls out standard operating procedures for service centres

  May 15, 2020 18:42 IST

  The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it has rolled out a set of detailed standard operating procedures (SOPs) for its over 3,800 service centres across 1,914 cities in the country, amidst the coronavirus pandemic.

• 

  Zomato layoffs: 13% workforce to be axed via zoom call; 50% salary cut for all

  May 15, 2020 18:11 IST

  Zomato, a popular food ordering platform is eliminating 13 percent of its workforce on account of the coronavirus crisis. The online restaurant guide has about 4,000 employees in different roles. The company said a 50 percent salary cut will also come into effect for the next six months.

• 

  Govt to amend Essential Commodities Act; agri foodstuffs to be de-regulated

  May 15, 2020 18:36 IST

  Union Finance Minister Nirmala Sitharaman on Friday said that the government would amend the Essential Commodities Act to enable better price realization for farmers. Sitharaman said that there was a need to enable better price realization for farmers by attracting investments and making the agriculture sector competitive.

• 

  SC seeks reply of Centre, RBI on plea of CREDAI on loan moratorium

  May 15, 2020 14:26 IST

  The Supreme Court Friday issued notices to the Centre and the RBI on a plea of CREDAI on whether real estate firms are eligible for loan moratorium policy of the central bank.

• 

  Paytm Payments Bank launches 'Cash at Home' facility for senior, differently-abled in Delhi-NCR

  May 15, 2020 16:11 IST

  Paytm Payments Bank Ltd (PPBL) on Friday announced the launch of 'Cash at Home' facility for senior and differently-abled citizens so that they do not need to step out during COVID-19 pandemic.

• 

  Amazon boss Jeff Bezos could become world's first trillionaire by 2026

  May 15, 2020 12:58 IST

  Despite losing an estimated $38 billion as part of his recent divorce, Bezos is still by far the world's richest person and his net worth has grown by 34 per cent on average over the last five years, said the study, by Comparisun, a company which helps organisations compare different business products.

• 

  Nirmala Sitharaman press conference: Highlights

  May 15, 2020 18:47 IST

  Finance Minister Nirmala Sitharaman addressed a press conference on Friday to announce the third tranche of government's economic stimulus package.

• 

  Sensex drops over 200 points in early trade; Nifty tests 9,100 level

  May 15, 2020 11:45 IST

  Equity benchmark Sensex dropped over 200 points in opening session on Friday tracking losses in index heavyweights HDFC Bank, ICICI Bank and Reliance Industries amid weak domestic investor sentiment.

• 

  World Bank announces $1 billion social protection package for India

  May 15, 2020 10:38 IST

  The World Bank has announced $1 billion social protection package for India in wake of the coronavirus pandemic that has halted life across the country. The package is linked to Govt of India programmes.

• 

  Liquor home delivery in Maharashtra begins from today. Check how to register online

  May 15, 2020 10:20 IST

  The home delivery of liquor in Maharashtra starts from 10 am from today, barring crowded districts like Mumbai, Nagpur, according to an order issued by the state excise department. The state government allowed home delivery of liquor to avoid crowding at shops amid the coronavirus-enforced lockdown. Mumbai and Mumbai suburban districts were operating liquor shops before closing on May 5 by the order of the Brihanmumbai Municipal Corporation (BMC).

• 

  Industry says second tranche of package to benefit most vulnerable sections, housing sector

  May 14, 2020 20:45 IST

  India Inc on Thursday said the second tranche of the stimulus package will provide relief to the most vulnerable sections of the society reeling under the impact of COVID-19 and boost the housing sector, aiding economic growth.

• 

  Investor wealth plunges Rs 1.99 lakh crore as markets plummet

  May 14, 2020 19:36 IST

  Investor wealth eroded by Rs 1,99,619.9 crore on Thursday due to the weakness in equity market, with the BSE Sensex plummeting 886 points.

• 

  India supplied paracetamol, hydroxychloroquine to over 120 countries in last 2 mths: Goyal

  May 14, 2020 19:27 IST

  India has supplied paracetamol and hydroxychloroquine to over 120 countries in the last two months while ensuring the domestic supply, as these two medicines are in huge demand due to COVID-19, Commerce and Industry Minister Piyush Goyal said on Thursday.

• 

  On second day, FM seeks to provide relief to migrant workers, farmers, mid-income groups

  May 14, 2020 23:32 IST

  It was the second day of the press address of Finance Minister Nirmala Sitharaman who elaborated more on 20 lakh crore relief package announced by Prime Minister Narendra Modi some days ago.

• 

  In store for farmers: ₹30,000 cr emergency working capital funding, ₹2 lakh cr concessional credit

  May 14, 2020 17:52 IST

  Union Finance Minister Nirmala Sitharaman, who addressed a press conference to share details of the economic package, announced ₹30,000 crores Additional Emergency Working Capital Funding through NABARD.

• 

  Rs 5,000 crore Special Credit Facility for street vendors: Nirmala Sitharaman

  May 14, 2020 17:21 IST

  ​Union Finance Minister Nirmala Sitharaman on Thursday announced a Rs 5000 crore Special Credit Facility for street vendors. The government will launch a special scheme within a month to facilitate easy access to credit to street vendors.