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BusinessToday.In
New Delhi, June 9, 2021
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Group's Twin Star Technologies' resolution plan for beleaguered Videocon Industries Ltd; The World Bank's Board of Executive Directors has approved a $500 million program to support the Government of India's nationwide initiative to revitalise MSME (micro, small and medium enterprise) sector; After finance minister Nirmala Sitharaman's directions, Infosys co-founder and its chairman Nandan Nilekani said on Tuesday that he and his team are working to resolve issues observed on Day 1 of the launch of the new e-filing income tax platform. Watch this and more on News Blast.Also Read: Richer they are, lesser the tax: Jeff Bezos, Elon Musk, other rich Americans paid little to nothing


BusinessToday.In
June 5, 2021
Kumar's statements came a day after the Reserve Bank of India (RBI) lowered the country's growth forecast for the current fiscal by a percentage point to 9.5 per cent from 10.5%


BusinessToday.In
June 4, 2021
All sorts of payments including dividend, interest, salary, pension, to payments on electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds, insurance premium, etc, can take place even on bank holidays now


BusinessToday.In
June 4, 2021
The RBI expects GDP to grow at 18.5 per cent in first quarter, 7.9 per cent in second quarter, 7.2 per cent in third quarter, and 6.6 per cent in fourth quarter of 2021-22


BusinessToday.In
June 4, 2021
RBI MPC meet: The RBI is likely to revise growth projections for FY22, which would be in line with a host of rating agencies, banks and brokerages' estimates


BusinessToday.In
New Delhi, June 2, 2021
The second wave of COVID-19 has severely impacted household incomes and jobs as local lockdowns remain imposed in most states. The impact of these local restrictions has been felt by people working in the informal sector, according to fresh data released by the Centre for Monitoring Indian Economy (CMIE). In an exclusive interview with India Today, Centre for Monitoring Indian Economy (CMIE) Chief Mahesh Vyas said that India had lost more than 22 million jobs in the months of April and May due to the lockdown. Stating that the main reason for the job losses is 'mainly the second wave' of COVID-19 infections, Vyas said as the economy opens up, part of the problem will be solved but not entirely. He added that people who lose jobs find it hard to get employment, specifying that while the informal sector jobs come back quickly, the formal sector and better quality job opportunities take up to a year to come back. Watch the video for more.Also Read: RBI's MPC begins discussions; repo rate likely to remain unchanged


PTI
June 1, 2021
Gandhi's remarks came a day after data released by the National Statistical Office (NSO) showed that India's economy contracted by 7.3 percent in the fiscal year ended March 2021


BusinessToday.In
New Delhi, June 1, 2021
The demand for travel credit cards jumped in FY21, especially in the fourth quarter, even as people remained cooped up at home amid lockdown; Chief Economic Adviser KV Subramanian on Monday said the momentum of GDP growth has been affected by the second Covid-19 wave, but assured that its overall economic impact is unlikely to be very large; Nestle is now on a damage control mode after a report stated that over 60 per cent of its food portfolio is unhealthy. Watch this and more news on News Blast.Also Read: Manufacturing PMI slips to 50.8 in May, lowest in 10 months


Manoj Sharma
May 31, 2021
In Q3, economy stepped out of recession for the first time after registering negative growth for two consecutive quarters in 2020-21. Growth was recorded on record investment and government expenditure even as private expenditure lagged behind amid Covid-19 curbs


Manoj Sharma
May 24, 2021
Landomus Realty's ad claims it aims to make India \"a global destination by supporting the completion of NIP and Non-NIP projects\"


BusinessToday.In
May 23, 2021
It advised that India should follow EU template for vaccine procurement, and the Centre, in coordination with states, should enter into deals with pharma companies to vaccinate a sizeable population.


BusinessToday.In
May 22, 2021
The ongoing catastrophic second wave in India, following a terrible wave in Brazil, is a sign that the worst may be yet to come in the developing world, an IMF report mentions


BusinessToday.In
May 17, 2021
BJP MP Pragya Thakur also stated that she drinks cow urine, also known as 'gau mutra', every day and in doing so has protected herself from COVID-19 infection


BusinessToday.In
May 11, 2021
Revising its projections for India's GDP growth, Moody's said that the second wave of COVID-19 is expected to be less disruptive than the first wave


PTI
May 7, 2021
The report noted that the share of the top 15 districts in total new cases has significantly plunged to 26.3 per cent in May from 55 per cent in March, indicating that the spread of infections is now dispersed across the country


PTI
May 6, 2021
The Swiss brokerage has also warned that it will delay the economy reaching potential growth rate by an additional two-three years beyond 2022-23


BusinessToday.In
New Delhi, May 5, 2021
Britain has finalised 1 billion pounds worth of new trade and investment with India, creating over 6,500 jobs in the UK; Apple's contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production linked incentive scheme for IT hardware manufacturing, said the Ministry of Electronics and IT; The Delhi High Court on Tuesday asked the Centre to show cause as to why contempt action should not be taken against it for violating the court's order on supply of medical oxygen to the national capital. Watch this and more news on News Blast.Also Read: Delhi hospitals face imminent water crisis amid Covid-19 surge


BusinessToday.In
May 2, 2021
This was the first net withdrawal since September 2020, when FPIs had pulled out a net of Rs 7,782 crore from equities


BusinessToday.In
New Delhi, May 1, 2021
Google has saved around $1 billion, with employees working from home amid the pandemic. The report states that Google used the savings to offset costs incurred in hiring new talent that was 'thousands' in numbers; As India is preparing to roll out COVID-19 vaccinations for every citizen in the 18-44 age bracket on May 1, Chief Minister Arvind Kejriwal has urged people to not throng COVID-19 vaccination centres on May 1 since the national capital hasn't received sufficient doses of the vaccines; AstraZeneca said its COVID-19 vaccine contributed $275 million to first-quarter sales and shaved three cents per share from its earnings, as it posted better-than-expected results and forecast growth in the second half. Watch this and more on News Blast.Also Read: Nitin Gadkari sets highway construction target for next two years at Rs 15 lakh cr


Reuters
April 30, 2021
The economy remains 3.5% below its level at the end of 2019 and incomes plunged in the third quarter. Nevertheless, with five days remaining to Election Day President Donald Trump, trailing in most national opinion polls


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