Business
Indian economy to shrink by 9 pc in FY21: ADB
India's economy is expected to contract by 9 per cent this year -- worse than the 4 per cent contraction it had forecast three months ago, the Asian Development Bank....
Shillong Teer Results 14.09.2020: First-round number announced, check here
The Shillong Teer is an archery contest organised by the Khasi Hills Archery Sports Association. A total of 12 archery clubs are involved in this contest. Today's results, which have....
Rs 30,000 cr Special Liquidity Scheme under Atmanirbhar Bharat package: Finance Ministry
The Union Ministry of Finance informed that an amount of Rs 30,000 crore Special Liquidity Scheme has been progressed for non-banking, housing finance companies and Monetary Financial Institutions (MFI) as....
American Express commits more than USD 200 million to help get customers shopping small with its largest-ever global Shop Small campaign
American Express, which has a long history of backing small businesses, announces the launch of its largest-ever global Shop Small campaign, which includes a commitment of more than USD 200....
Reliance offers Amazon $20 Billion stake in retail arm: Report
Reports suggest that the Indian corporate giant Reliance Industries is willing to sell shares worth around $20 billion (approximately ₹1,45,000 crores) in its retail branch to the shopping platform Amazon....
Silver Lake to invest Rs 7500 crore in Reliance Retail wing
Mumbai (Maharashtra) [India], September 9 (ANI): Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Wednesday announced that American private equity giant Silver Lake will invest Rs 7,500 crore....
AP CM to launch 'YSR Asara' to free lakhs of women from a vicious debt trap
For decades now, lakhs of women hailing from poor families have been forced to take mammoth loans to cope with the costs towards education, health care, elderly care, daily needs,....
India's fiscal deficit set to widen to 82 percent in FY21: Fitch Solutions
Singapore, September 8 (ANI): Fitch Solutions has revised its fiscal deficit forecast for India to 8.2 per cent from 7.2 per cent earlier due to quicker divergence in expenditures and....
Vodafone Idea rebranded 'Vi' as part of revival plan
Vodafone Idea launched a unified brand 'Vi' on Monday as it aims to bet big on digital to attract new customers from rivals Jio and Airtel while planning to raise....
India must work cyber-security: Aditya Narang
Aditya Narang, the Co-Founder and Managing Director of Safehouse Technologies, recently sat down with NewsX for exclusive interview. Aditya says Safehouse Techologies is a military grade cybersecurity platform, based on....
Historic GDP decline is due to Gabbar Singh tax of Centre: Rahul Gandhi
New Delhi [India], September 6 (ANI): Continuing his attacks on the Central government regarding the economic situation in the country, Congress leader Rahul Gandhi on Sunday said that one of....
Equity indices subdued, aviation stocks gain
Equity benchmark indices remained range-bound on Thursday but closed in the negative terrain due to lacklustre trading.The BSE S&P Sensex closed 95 points or 0.24 per cent lower at 38,991....
OYO rolls out discounts for students appearing for JEE, NEET and other state examinations, sets up email helpline for seamless bookings
Further to the Government of India's announcement, JEE-Main exams commenced on September 01, 2020. In the coming weeks, NEET 2020 and other state-level examinations are also scheduled to be held....
Sitharaman asks banks to roll out loan resolution schemes by mid-September
Finance Minister Nirmala Sitharaman on Thursday asked bankers to roll out loan resolution schemes by September 15 and COVID-19 related distress must not impact their assessment of borrowers' creditworthiness.She said....
Ultraviolette Automotive gets series B investment from TVS Motor
Bengaluru (Karnataka) [India], September 3 (ANI): Ultraviolette Automotive has received an additional investment of Rs 30 crore from TVS Motor Company after the nationwide unveiling of its high-performance motorcycle F77.....
American multinational Zampell enters Asian market through cooperation agreement with Somal Refractories
Somal Refractories based in Ludhiana and Zampell based in Massachusetts, USA, signed a cooperation agreement on August 22, 2020.The cooperation agreement will enable Somal Refractories to expand its product market....
ICRA: Short payment time frame for AGR dues may shake telecom industry structure
The relatively shorter payment timeframe for telecom operators to repay AGR dues exerts additional pressure on their cash flows and necessitates sizeable average revenue per user (ARPU) increase that can....
These Made in India social apps capturing the market after TikTok ban
The wave of shock came strong for the content creators after the sudden ban on the Chinese applications, among which included one popular, widely-used video-sharing app -- TikTok. However, the....
Adani Green shares rise 9 percent, reach Rs. 54,190 per unit
Mumbai (Maharashtra) [India], September 2 (ANI): Shares of Adani Green Energy spurted by more than 9 per cent at noon on Tuesday, a day after Mercom Capital ranked its parent....
AGR verdict: Equities close higher despite sharp dip in Q1 GDP, Airtel top winner after AGR verdict
Mumbai (Maharashtra) [India], September 1 (ANI): Investors brushed aside nearly 24 per cent fall in the economy during Q1 FY21 that was largely expected with equity benchmark indices closing higher....
Reliance Jio-Brookfield tower deal worth Rs. 25,215 crore gets all regulatory approvals
Mumbai (Maharashtra) [India], Sep 1 (ANI): Reliance Industries said on Tuesday that all approvals have been obtained for a Rs 25,215 crore Brookfield tower deal a year after it was....
Indus-Infratel head to merger, Voda-Idea sells 11.15 pc of Indus stake for Rs 4,040 cr
Vodafone Idea, Vodafone Group, Bharti Airtel, Indus Towers and Bharti Infratel have agreed to proceed with completion of the merger of Indus and Infratel.Vodafone Idea said on Tuesday it has....
India's GDP contracts by 23.9 pc in Q1 as Covid-19 cripples economic activities
The Indian economy contracted by 23.9 per cent in the April to June quarter (Q1 FY21) as COVID-19 pandemic compressed consumer demand and private investments, government data showed on Monday.....
JioFiber: Reliance Jio offers 30 days free trial and much more
Reliance JioFiber just disclosed its new tariff plans for Indian customers. The new plans celebrates “Naye India Ka Naya Josh”, offering truly unlimited internet connections at truly affordable rates.The JioFiber....
Reliance acquires Future Group's businesses to take on Amazon
Mumbai (Maharashtra) [India], Aug 29 (ANI): Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, on Saturday announced that it is acquiring the retail and wholesale business and....
Indian pharma's sales to rise after cost cuts support margins in pandemic-hit Q1
Indian pharmaceutical companies' sales will rise after a gradual easing of the coronavirus pandemic-related lockdown measures that caused disruptions across most markets in April to June, Fitch Ratings has said.....
Coca-Cola to cut thousands of jobs as coronavirus hits sales
Coca-Cola will cut thousands of jobs and reduce the number of business units as it faces declining beverage sales in the coronavirus pandemic.Coke said the job cuts will come in....
'Worst from Covid-19 over': EY predicts growth in Q2
The first quarter (April to June) is likely to be the worst of current financial year due to economic disruptions caused by Covid-19 pandemic and recovery is expected ahead, global....
States slam centre’s proposal to give two borrowing options to states to meet GST shortfall, call it ‘betrayal of federalism’
States have opposed the two proposals suggested by Centre to bridge GST shortfall. Terming it ‘Betrayal of Federalism’, Delhi’s Deputy Chief Minister Manish Sisodia has said that the state government....
Covid-19 an act of God, may lead to contraction of economy: Sitharaman
Finance Minister Nirmala Sitharaman on Thursday referred to COVID-19 pandemic as an "act of God" and said there could be contraction of the economy. Sitharaman, who talked to reporters through....
In a first, Jeff Bezos's net worth crosses $200 billion
Amazon Founder & CEO Jeff Bezos's Net Worth, Richest men on Earth 2020, Richest Person in World: On Wednesay, Jeff Bezos did something that no human has yet done. He became....
RBI to follow calibrated unwinding of emergency measures post-Covid
GST Council meeting news updates: The Reserve Bank of India will not unwind all recent measures taken to shore up the economy amid COVID-19 pandemic and act when the situation....
Gillette India sales plunge 24 pc in Q4 FY20
Gillette India on Wednesday reported 24 per cent fall in its sales during the quarter ended June at Rs 351 crore as business operations were disrupted across the country following....
NITI Aayog releases report on Export Preparedness Index 2020
NITI Aayog in partnership with the Institute of Competitiveness on Wednesday released the Export Preparedness Index (EPI) 2020 to examine preparedness and performance of Indian states. The EPI intends to....
Govt debt to stand at 80 percent of GDP by FC30: Motilal Oswal
Mumbai (Maharashtra) [India], Aug 26 (ANI): The government's debt rose to 75 per cent of GDP in FY20 from 70 per cent in FY18 and is likely to reach 91....
India’s first duo gaming channel ‘TWO-SIDE GAMERS’ hits 5-million subscribers on YouTube
What once started with a gaming spree between two brothers has now become one of the most popular duo-gaming channels on YouTube. The duo, named Ritik Jain and Jash Dhoka,....
Japan's GDP expected to recover to pre-pandemic level by end of FY 2021
Japan's economic growth is expected to return to the pre-pandemic levels by the end of the fiscal year 2021, which starts on April 1 of the next year and ends....
GST registration through Aadhar authentication: Here's complete guide
Central Board of Indirect Taxes and Customs or the CBIC issued a notification last week about GST registration with Aadhaar authentication that comes into effect from August, 21, 2020. Securing....
Finance Ministry exempts businesses up to Rs 40 lakh annual turnover from GST
Businesses with an annual turnover of up to Rs 40 lakhs are Goods and Services Tax (GST) exempt and those with a turnover up to Rs 1.5 crore can opt....
Bharti Axa general insurance wing to merge with ICICI Lombard
New Delhi [India], Aug 22 (ANI): Bharti Axa's non-life insurance business will merge with ICICI Lombard's general insurance business through a scheme of arrangement. "The proposed transaction provides a meaningful....
IBM ties up with NSDC to offer free digital skills training
IBM on Friday announced its collaboration with National Skill Development Corporation (NSDC) to offer a free digital education platform focused on emerging technologies and professional development skills.As a part of....
Flipkart ties up with Sastodeal in Nepal to enable cross-border trade
E-commerce marketplace Flipkart on Friday entered into a strategic partnership with Sastodeal, a leading e-commerce company in Nepal, to initiate cross-border trade opportunities for its lakhs of sellers. Under the....
AP signs MoUs with Reliance, Allana groups to empower women
The Andhra Pradesh government has signed MoUs with corporate giants Reliance Retail, Jio and Allana group to partner with the state in carrying out the YSR Cheyutha, which is aimed....
IT security challenges rise with shift to remote work: Microsoft
Nearly 62 per cent of business leaders in India believe that security challenges have changed as the shift to remote work due to COVID-19 pandemic fundamentally changes security architecture, according....
Loans worth more than Rs 1 Lakh crore disbursed under ECLGS
Banks from public and private sectors have sanctioned loans worth over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) of which more than Rs 1 lakh....
Apple : First US company to hit $2 trillion market value
iPhone maker Apple stock hit the two trillion dollar mark on Wednesday (local time) before dipping back slightly below the lofty level, making it the first company in the United....
Reliance Retails acquires majority equity in Netmeds
Mumbai (Maharashtra) [India], Aug 19 (ANI): Reliance Industries Limited (RIL) announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd.....
People's Bank of China takes up 0.006 per cent stake in ICICI Bank
The People's Bank of China has picked up 0.006 per cent stake in ICICI Bank by investing Rs 15 crore in the private sector lender's....
India's GDP to contract 16.5 pc in Q1 as pandemic spreads: SBI report
Mumbai (Maharashtra) [India], Aug 17 : India's GDP is expected to contract by 16.5 per cent during the first quarter of current fiscal as the current Covid-19 pandemic is spreading....
Japan experiences worst Q2 GDP contraction in 40 years amidst COVID-19
Tokyo [Japan], Aug 17 : Japan's economy in April to June period shrank an annualised 27.8 per cent in real terms from the previous quarter, the sharpest contraction in 40....
Beyond all difficulties – The Story of Unmatched Success of Parikshit Shah
Technology and digital media have indeed opened new horizons and ample opportunities for finding success. A living example epitomizing this positive side of a digital world is Parikshit Shah, a....
Respite amid Covid-19! Gold prices in India down by 3%, now at Rs 50,000
Gold prices in the Indian market dipped by almost 3% on Wednesday, as overseas prices dipped by 5%, with gold price having witnessed its worst day in a long time.....
Kerala Lottery Result 11-08-2020: Results to be declared at 3 pm today
Kerala State Lotteries of Kerala Finance department will release the Sthree Sakthi Lottery results today. The Kerala Lottery Department is going to announce the Sthree Sakthi Weekly Tuesday Lottery SS-222....
Andhra's new industrial policy focuses on SOPs for investors and job creation
The Government of Andhra Pradesh unveiled new Industrial Development Policy 2020-23. The policy was released by Minister for Industries Mekapati Gowtham Reddy in a function held at Vijayawada.The event was....
Facebook announces work from home until July 2021
Facebook, following suit with other big tech companies, has announced that thy will allow their employees to work from home until July 20201, and will give them $1,000 for home....
RBI keeps repo rate unchanged at 4 pc, GDP growth seen negative in F-Y21
The Reserve Bank of India (RBI) on Thursday kept the key repo rate unchanged at 4 per cent in view of rising inflation and faint signs of economic growth amid....
Home real estate market set to grow amid Covid, says Unity Group Director, Harsh Vardhan Bansal
Recently, Unity Group Director, Harsh Vardhan Bansal joined NewsX for an exclusive interview. Bansal, and Unity Group, got their start in real estate in the early 1996, and haven’t looked....
AP government signs MOU with FMGG giants
Committed to the welfare of women in the State, the Government of Andhra Pradesh under the leadership of Chief Minister YS Jagan Mohan Reddy is taking all the steps to....
Microsoft likely to acquire TikTok's US operations: Report
A media report on Friday said that the Bill Gates owned tech giant Microsoft is likely to acquire TikTok's US operations. The US President Donald Trump has been in the....
Reliance Jio gains almost 1 crore new customers in Q1 FY2020-21
Reliance Jio stated that the Jio platforms have added around 1 crore of unique users in the first quarter of the financial year 2020-21. According to Jio, its overall user....
Consequences of coronavirus on GDP will be felt over decades: Report
The impact of 2020 coronavirus recession on GDP will continue to be felt for years to come with GDP levels in the largest advanced economies expected to remain around 3....
Eros International Plc and STX Entertainment complete merger to form Eros STX Global Corporation
Eros International PLC and STX Filmworks, Inc. have announced today the completion of their merger-of-equals transaction. The newly-combined company will migrate in the coming weeks to trade on the NYSE....
CEOs of Amazon, Apple, Facebook, Google testify before House subcommittee on issue of competition
The CEOs of four tech giants - Amazon, Apple, Facebook and Google -- appeared before the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law on Wednesday to address concerns....
Agri-loans hiked by 11.9 % in Andhra Pradesh
The State Level Bankers Committee (SLBC) meeting held under the Chairmanship of Chief Minister YS Jagan Mohan Reddy has decided to increase the quantum of agriculture loans by 11.9 percent....
Qatar Investment Authority likely to invest $1.5 billion in Reliance Jio
The Qatar Investment Authority (QIA) of the Sovereign Fund is in final negotiations with Reliance Industries Ltd. to invest $1.5 billion ( ₹11,200 crores) into an infrastructural investment trust (InvIT)....
Active job seekers confident about career progression as economy reboots: LinkedIn
The lifting of COVID-19 lockdown in several states and continued adversities caused by the pandemic have instituted a new set of workforce demands, thus creating new economic opportunities across the....
Andhra CM Jagan Mohan Reddy reviews Centre’s guidelines in FRBM and safety norms in companies
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy held a review meeting on the guidelines given by the Centre for expanding the purview of Fiscal Responsibility and Budget Management (FRBM)....
Google extends work from home till July 2021 amid Covid-19 spike
Amid the surge in coronavirus cases, Google has announced that its employees will not be returning to the office until July 2021, The Washington Post reported. The decision shows that....
Gurgaon court summons Alibaba, Jack Ma on charges of ‘fake news and censorship’ by former employee
In a stunning case, a Gurgaon court has summoned Alibaba and its founder Jack Ma after a former employee of the company’s India branch made some sensational allegations against the....
India changes trade rule amid China standoff
In an important development, the Centre has amended General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with India on grounds....
Flipkart acquires Walmart India, launches wholesale marketplace
Flipkart just announced that its wholesale unit will acquire Walmart India, for an undisclosed sum. Walmart India's brick and mortar business model is a key vertical for Flipkart, an ecommerce....
Air India forms panel to select employees to be sent on leave without pay for 5 years
National carrier Air India has started the process of identification for redundant or surplus employees in the company to be sent on compulsory leave without pay (LWP) for a period....
Boycott China ripple effect: Demand for Chinese rakhis fall ahead of Rakhi 2020
Ahead of the Raksha Bandhan festival, the demand for Chinese rakhis have fallen this year, according to shopkeepers from several parts of the country. People are refusing to buy Chinese rakhis....
AP signs MoU with Amul to benefit farmers and women
Andhra Pradesh government has signed a MoU with cooperative giant AMUL (Anand Milk Union Limited), in the presence of Chief Minister YS Jagan Mohan Reddy at the camp office. The....
US adds Jio in 'Clean Telcos' list, slams China
The United States has listed Reliance Jio among the companies that are becoming "Clean Telcos", saying they are rejecting doing business with "tools of the Chinese Communist Party's surveillance state,....
Government ensuring smooth technological shift: PM Modi to IBM CEO
Talking about the impact of COVID-19 on business culture, Prime Minister Narendra Modi on Monday said that 'work from home' is being adopted in a big way and the government....
Covid-19 impact: IndiGo decides to lay off 10% staff
IndiGo decides on reducing its employee count by 10% due to the huge impact Covid-19 is having on aviation. In the initial days of the pandemic, the airline had been....
China’s loss is Japan’s gain?| UK explores Japan as Huawei replacement
, According to Japanese business news publication Nikkei that cited sources in both companies. UK officials met with Tokyo counterparts earlier this week, days after London's Secretary for Digital, Culture,....
Google to invest Rs 33,737 crore in Reliance Jio: Mukesh Ambani
Reliance Industries Limited (RIL) has signed a binding partnership with Google to pick up 7.7 per cent stake in Jio platforms for an investment of Rs 33,737 crore, said RIL....
Google in talks to invest $4 billion in Reliance’s digital arm
Google's parent company, Alphabet Inc. is in the final negotiations about investing $4 billion (₹2,800 crores) for a stake in the digital wing of Reliance Industries Ltd. On Tuesday, Bloomberg....
Hit hard by Covid-19, AirAsia deep in debt
The fascinating story of Air Asia's rise to become one of the most admired carriers in the region is well known in Southeast Asia. It began with the purchase of....
Roadmap to counter the Dragon in the factory
The recent series of events occurred at Line of actual control at Tibet border between Indian and PLA troops has created outrage against the autocratic regime of China and its....
RBI declares cuts on repo rate to alleviate liquidity stress
The Reserve Bank of India (RBI) has cut the repo rate by 250 basis points since February 2019 to alleviate liquidity stress and provide financial stability in the economy, said....
Tarun Nangia appointed to Ministry of Corporate Affairs (MoCA) think-tank
Tarun Nangia has been appointed as Member, Monitoring Committee, to the Indian Institute of Corporate Affairs, a think-tank under the Ministry of Corporate Affairs, Government of India. At IICA, Tarun....
Vroom Drive flags off franchise programme to expand services
Self-drive car rental company, Vroom Drive, have announced the launch of a franchise opportunity to expand its services. Touted as the best affordable self-driving car rental company, Vroom Drive has....
There is a 100 percent loss this year: Ganesh Idol makers on Covid-19 pandemic
As Maharashtra continues to be the worst-hit state by the coronavirus pandemic, Ganesh idol makers businesses are suffering due to inability of making sufficient Ganesh idols. "No worker wants to....
HUL’s Fair & Lovely to be renamed as Glow & Lovely
Fast-moving consumer goods major Hindustan Unilever Ltd's (HUL's) flagship skin care brand for women Fair & Lovely will now be known as Glow & Lovely. "Over the next few months,....
Intel Capital to invest Rs 1,894 cr in Jio Platforms
Reliance Industries Limited and Jio Platforms Limited on Friday announced that Intel Capital will invest Rs 1,894.50 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore....
Deadline for tax-saving investments for FY20 extended till July 31
In order to provide relief to tax-payers, the Income Tax (I-T) Department on Thursday announced that the deadlines for making tax-saving payments/investments for 2019-20 have been extended till July 31,....
Microsoft to help 25 million people acquire new digital skills
Microsoft Corporation has announced a new global skills initiative aimed at bringing more digital skills to 25 million people worldwide by the end of the year. This comes in response....
FWICE urges Bollywood actors against promoting Chinese brands
Two days after the government banned 59 Chinese mobile applications amid border tensions, the federation of Western India Cine Employees (FWICE) on Tuesday urged all celebrities to stop promoting Chinese....
TVS Motors registers a drop in sales
TVS Motor Company registered sales of 198,387 units in June 2020 as against 297,102 units registered in the month of June 2019. TVS Motor Company resumed its operations in India....
Rattled by app ban, China threatens India with ‘economic losses’
A day after the Indian government banned 59 China-linked mobile apps, a Chinese state-run media outlet said that the "political crackdown" by New Delhi may lead to more economic losses....
After TikTok ban, Mitron witnesses 11 fold jump in traffic
A day after the Government banned several Chinese apps, popular short-form video app Mitron reported that its daily traffic jumped up by more than 11 times. Just 5 days after....
Resurgence of the Tea Industry
The governments of India, Assam and West Bengal have, despite unforeseen challenges, and without any historical perspectives on handling COVID, done their best to contain COVID and support our people.....
RBL Cares chatbox now enables banking transactions
RBL Bank has now enabled additional banking transactions and added a host of new features to 'RBL Cares', its AI-powered conversational Chatbot that can provide real-time customer service assistance on....
L’Oreal joins HUL, drops words like ‘fairness’ from products
L'Oreal will stop associating itself with words such as 'light', 'fair', and 'white',announced the brand a day after Unilever made a similar decision after its products were called out as....
Reconsider decision to allow 100% FDI in coal sector: Mamata Banerjee urges PM
West Bengal Chief Minister Mamata Banerjee has written a letter to Prime Minister Narendra Modi requesting him to reconsider the decision of "allowing 100 per cent FDI" in the coal....
Fair & Lovely to drop 'Fair' from product line: HUL
India's largest fast-moving consumer goods company Hindustan Unilever Ltd (HUL) said on Thursday it will stop using the word 'Fair' in the brand name 'Fair & Lovely.' Earlier this week,....
IMF predicts Indian economy to contract by 4.5%
Equity benchmark indices edged lower during early hours on Thursday due to weak global cues after the International Monetary Fund forecast the global output to shrink by 4.9 per cent....
