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  Business optimism for April-June quarter falls to record low

  Business | April 20, 2020 12:56 IST

  Business optimism for the ongoing April-June quarter has slumped to its record low level, reflecting the plunge in business sentiment owing to the heightened uncertainty around the impact of Covid-19, according to a report. The Dun & Bradstreet Composite Business Optimism Index stood at 49.40 per cent for Q2 2020 (April-June), a record low and worse than during the 2009 financial crisis. The index registered a decrease of 37 per cent as compared to the year-ago period.

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  Global health crisis pits economic against health concerns

  World | April 20, 2020 6:50 IST

  The global health crisis is taking a nasty political turn with tensions worsening between governments locked down to keep the coronavirus at bay and people yearning to restart stalled economies and forestall fears of a depression.

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  Decision on economic activities resumption on April 20, says PM Modi

  Business | April 14, 2020 11:19 IST

  PM Narendra Modi said that coronavirus situation in states will be strictly monitored till April 20 and a decision to reopen economic activities will be taken based on those inputs. States, where there are no hotspots could get a green signal from the govt to resume key economic activities. PM Modi also warned that this permission will be withdrawn if proper measures are not followed.

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  India’s GDP growth may plummet to multi-decade low of 1.6% in FY21: Goldman Sachs

  Business | April 08, 2020 21:15 IST

  Indian economic growth is likely to plummet to a multi-decade low of 1.6% in fiscal year 2020-21 due to COVID-19 pandemic and ensuing measures like lockdowns and social distancing

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  Prepare plans for containing economic impact of COVID-19 on war footing: PM Modi to ministers

  India | April 06, 2020 17:39 IST

  Prime Minister Narendra Modi on Monday asked Union ministers to prepare a plan for their respective ministries to contain the economic impact of COVID-19 on war footing, while asserting that this crisis is an opportunity to boost the 'Make-in-India' initiative and reduce dependence on other countries.

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  Should you invest in the time of coronavirus? Here's what experts think

  Business | April 06, 2020 14:52 IST

  In the last one month amid coronavirus pandemic, we have seen a large fall in the equity markets around the world. Many market experts say that like many other crisis this too will pass and come to an end, but most important for the investors to keep in mind post the ongoing impact in the markets. Well read out our piece on markets with the help of experts views.

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  RBI makes BIG-BANG move to fight COVID-19 fallout: Announces cut in repo rate, puts a pause on EMIs

  Business | March 27, 2020 12:40 IST

  A day after Finance Minister announced Rs 1.7 trillion economic package for country, the Reserve Bank of India governor Shaktikanta Das announced bold measures cut lending rates by slashing repo rate and reverse repo rate by massive 70 bps and 90 bps respectively. He also announced a 3-month moratorium on loans.

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  Coronavirus pandemic: Half-million infected worldwide as economic toll rises

  World | March 27, 2020 9:05 IST

  The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its industry, and a record-shattering 3.3 million Americans applied for unemployment benefits in a single week.

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  Sitharaman announces ₹ 1.7 lakh crore economic package to blunt COVID-19 impact | BIG TAKEAWAYS

  Business | March 26, 2020 22:59 IST

  Sitharaman today announced an economic package that will benefit migrant workers, urban and rural poor which will be known as the Prime Minister Gareeb Kalyan scheme.

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  COVID-19: Bill Gates says countries that shut will bounce back in weeks

  World | March 19, 2020 9:29 IST

  As coronavirus cases continue to surge across the world, Microsoft founder and philanthropist Bill Gates has said countries that do a good job in testing of the deadly coronavirus and shut down could bounce back both economically as well as on the health front in weeks.

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  US Federal Reserve cuts key interest rate to 0-0.25% amid coronavirus crisis

  Business | March 16, 2020 8:47 IST

  In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark interest rate to almost zero and said it would buy USD700 billion in bonds.

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  GST Council discuss coronavirus impact on economy

  Business | March 14, 2020 22:08 IST

  The GST Council on Saturday discussed the impact of coronavirus on the economy, Finance Minister Nirmala Sitharaman said.

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  Economy suffering from 'coronavirus', PM must give statement in Parliament: Cong

  India | March 12, 2020 15:36 IST

  The Indian economy was suffering from "coronavirus", the Congress said on Thursday and demanded a detailed statement in Parliament from Prime Minister Narendra Modi on the economic decline of the country.

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  Coronavirus: Australia unveils $11.4bn economic stimulus package

  World | March 12, 2020 9:58 IST

  The Australian government on Thursday unveiled an economic stimulus package of AU$17.6 billion ($11.4 billion) to help mitigate the impact of COVID-19 amid fears of a recession.  

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  Corporate debt loads a rising risk as coronavirus hits economy

  Business | March 12, 2020 6:21 IST

  A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk.  

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  Realty sector slowdown: Housing prices in Gurugram fall by 7 per cent; Noida by 4%

  Business | March 11, 2020 14:30 IST

  Housing prices in Gurugram and Noida fell 7 per cent and 4 per cent, respectively in the last five years on demand slowdown, huge delays in execution of residential projects and many big developers turning bankrupt, according to News Corp-backed realty portal PropTiger.

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  'No Yes Bank,' says Rahul, accuses government of 'destroying' economy

  Business | March 06, 2020 13:50 IST

  "No Yes Bank," Congress leader Rahul Gandhi said on Friday, taking a dig at the BJP-led government over the moratorium placed on Yes Bank, and alleged that Prime Minister Narendra Modi and his "ideas" had destroyed the country's economy.

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  Coronavirus beginning to emerge as worldwide economic crisis

  Business | February 29, 2020 14:00 IST

  With close to 3,000 deaths, more than 83,000 cases, several cities on lockdown, Coronavirus outbreak is beginning to look more like a worldwide economic crisis.

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  COVID-19 hits Thai economy as key sector suffers

  India | February 18, 2020 14:52 IST

  On a normal day, the Thai capitals iconic Grand Palace is flooded with Chinese tourists taking photos under statues of mythical giants and Buddhist icons. But now, they are rarely seen.

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  IMF says India urgently needs ambitious structural, financial sector reforms

  Business | February 14, 2020 6:50 IST

  India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels, says IMF.