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Business
Corona Hits Revenues: Ola To Layoff 1400 Employees
Bengaluru: The coronavirus pandemic has severely hit the businesses across the country. Amid the crisis, taxi aggregator Ola has decided to issue pink slips to 1,400 employees due to revenue loss of over 95 per cent in the last two months.…
No Pink Business in Asian Paints To Tide Over COVID Induced Crisis
New Delhi: At a time when layoff and salary cut has almost become the only survival mantra of the Indian companies, Asian Paints is playing role reversal by raising staff salaries and fulfilling direct cash support.
The paints major has…
COVID-19 Blues: Private Companies Planning To Hand Over Pink Slips To Employees, Deduct Salaries
New Delhi: With the coronavirus pandemic and resultant lockdown taking a heavy toll on the national economy, private companies are planning to hand over pink slips to their employees.
Around 1,124 companies across 11 industry sectors were…
Major Relief To Contractors: Govt Agencies To Partially Release Bank Guarantees
New Delhi: In a major relief to contractors in the country, Union Finance Minister Nirmala Sitharaman announced that government agencies will partially release bank guarantees to contractors so that contracts are partially completed to ease…
Lockdown Blues: Japan Wants India To Help Its Firms Resume Operations
New Delhi: Japan wants the Indian government to grant permission to Japanese companies vis-à-vis resuming their operations in India.
Japan’s foreign minister Motegi Toshimitsu conveyed the message to Indian external affairs minister S.…
Corona Crisis: Govt To Borrow 4.2 Lakh Crore More In FY 2020-21
New Delhi: Due to the fierce impact of coronavirus on the economy, the Centre has said it will borrow about Rs 4.2 crore more than the budgeted estimate of Rs 7.8 lakh crore in the 2020-21 fiscal year.
The fresh borrowing will take the…
This Odisha IPS Officer’s Brother Played Key Role In Jio-FB Deal
New Delhi: The mega deal between Reliance Jio and Facebook is the news of the day. However, both sides have clarified that the collaboration does not mean that they will not compete in the market.
Head of Strategy, Reliance Jio, Anshuman…
The Noose Tightens As Mallya Loses Extradition Appeal In UK High Court
London: Vijay Mallya’s appeal against extradition to India was dismissed by a UK High Court on Monday.
In the order delivered against the fugitive liquor baron, the judges said: “We consider that while the scope of the prima facie case…
Corona Impact: RBI Cuts Reverse Repo Again, Announces Rs 50000 Cr Special Finance Facility
New Delhi: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced a slew of measures to tackle the liquidity crisis in the economy.
Addressing the media, the RBI governor said that the reverse repo rate has been reduced…
ICICI Bank Introduces WhatsApp Banking Services
Mumbai: ICICI bank customers can now check balance, last transactions, card limits and block cards, using the bank's new WhatsApp banking services.
Users can get information about loans and offers, and also details of nearest ATMs and…