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Business
Indian Economy To Shrink By 3.2% In FY20-21: World Bank
New Delhi: The World Bank (WB) has projected India’s economic growth to fall by 3.2 % in the 2020-21 fiscal year due to the lockdown to contain the spread of COVID-19.
“In India, growth is estimated to have slowed to 4.2% in the fiscal…
India Unlocks: OYO Restarts Operations Partially, In 13 States And 4 Union Territories
New Delhi: Budget hotel chain OYO resumed operations on Monday in select cities of 13 states and four Union Territories.
“It has been a long wait, but we’re delighted to welcome our guests once again to our select hotels across India,” OYO…
JSL Ramps Up Export, Despatches To Reach Pre-Corona Levels Soon
New Delhi: Jindal Stainless Limited (JSL) has ramped up its export volumes by increasing production for global markets.
The strategic initiative by India’s largest stainless steel manufacturer is yielding encouraging results at a time when…
Swiggy To Shut Scootsy, Merge Operations
Mumbai: Swiggy is set to shut down Scootsy — its Mumbai-based premium food delivery services platform — and merge operations with the company’s mobile application.
The merger is expected to help Swiggy get hold of Scootsy’s high-end…
Kiran Mazumdar Shaw Named EY World Entrepreneur Of The Year 2020
Kiran Mazumdar Shaw, founder and current Chairperson and Managing Director of Biocon Limited, has been named EY World Entrepreneur Of The Year for 2020.
Shaw, a front runner in India's pharmaceutical industry, has become the third Indian…
Unlock 1.0: PM Modi Proposes 5 I’s To Boost Economy
New Delhi: Prime Minister Narendra Modi on Tuesday emphasized on 5 I's — Intent, Inclusion, Investment, Infrastructure and Innovation — to bring the distressed economy back on track.
Speaking at the Confederation of Indian Industry (CII)…
CM Palaniswami Invites Major Global Companies To Set Up Base In TN
Chennai: Several major US companies are expected to move out of China following differences between White House and Beijing over issues like the global Covid-19 pandemic. Many countries, including India, are looking to pounce on this…
Corona Impacts Economies: Poverty To Engulf 672 Million Children By 2020-End, Says Report
New Delhi: The coronavirus pandemic has halted the world economy pushing many households into distressing circumstances.
Amid the financial hardship across the globe, child poverty especially in low and middle-income countries could…
Donations By Companies To PM-CARES Fund Finally Notified As CSR
New Delhi: Donations made by companies to the Prime Minister’s Citizens Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) will be considered as expenditure on corporate social responsibility, Corporate Affairs ministry has…
Hike In Food Prices Across Country, RBI Expects Inflation To Fall Below 4 % In FY21
New Delhi: The Monetary Policy Committee (MPC) set up by the Reserve Bank of India (RBI) has predicted a slump in total inflation below the target of 4 per cent by Q3 and Q4 of FY21.
Amid the nationwide lockdown, the supply of food items…