Mumbai: After signing a massive $5.7 billion deal with Facebook, Reliance Industries latest venture to expand into the retail market, JioMart, has reportedly gone live with its official WhatsApp number. According to media reports, JioMart is currently available in the suburban Mumbai areas of Navi Mumbai, Thane and Kalyan currently. However, the service is expected […]
New Delhi: Industry body FICCI has written to Chief Ministers of 25 states urging them to avoid imposing partial or total lockdown in the wake of fresh surge in Covid…
Mumbai: The Reserve Bank of India on Monday announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. In a statement, the central bank said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), […]
Mumbai: In a bid to provide further relief to market participants amid the coronavirus crisis, securities market regulator SEBI has reduced broker turnover fees and filing fees on offer documents for public issue, rights issue and buyback of shares by 50 per cent. “In its continuing efforts to help market participants to tide over challenges […]
Mumbai: Indian banks have technically written off a staggering amount of Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi, as per a reply under RTI from the Reserve Bank of India (RBI). Prominent RTI activist Saket Gokhale had filed an RTI query with the RBI seeking details of the […]
New Delhi: Zomato CEO Deepinder Goyal on Tuesday said that the company has made its ‘contactless dining free for all restaurants across India and other global destinations for a period of at least six months. Restaurants in India, the UAE, Australia, New Zealand, Turkey, Portugal, Philippines, Indonesia, and Lebanon will have to only bear the […]
Helsinki/New Delhi: In a bid to strengthen its 4G network and enhance 5G capabilities in India, Bharti Airtel has inked a $1 billion (nearly Rs 7,636 crore), multi-year deal with Nokia to deploy the Finnish majors 5G-ready solutions across nine circles in the country. Nokia, which is the largest 4G vendor in Airtel network, will […]
San Francisco: Facebook’s over Rs 43,000 crore investment in Jio Platforms will help the social networking giant build similar products for the other key markets around the world, according to CEO Mark Zuckerberg. Facebook, which has long been striving to enter the big club of the e-commerce world, has chosen India in a significant move […]
New Delhi: Prime Minister Narendra Modi on Thursday held a “comprehensive” meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic. PM Modi directed that measures should be taken to handhold […]
New Delhi: CRISIL has revised its growth outlook for India in fiscal 2021 down to 1.8 per cent from the earlier estimated 3.5 per cent, factoring the nationwide lockdown in place to flatten the Covid-19 curve. The forecast by the rating agency assumes the effect of the pandemic subsiding materially in the current quarter, besides […]
New Delhi: E-commerce players have hailed the government’s relaxations regarding sale of non-essential products starting May 4. Although the government has allowed the sale of only essential products on the red zone through e-commerce platforms, non-essential products are likely to be allowed in green and orange zones, starting May 4, subject to specific approval from […]
New Delhi: Fuel prices in the country remained unchanged on Saturday as oil marketing companies decided to go on a pause mode and analyse the global developments on oil prices…
New Delhi: Lower global oil prices have not helped reduce auto fuel prices for consumers but it has saved the government from paying subsidy on cooking gas cylinder into the accounts of household beneficiaries. From May, the government will not be paying subsidy into the accounts of domestic LPG customers in all metros under the […]
Gurugram: As the telecom players ensured their networks were up and running to meet the unprecedented surge in demand during lockdown times, the sector is currently enabling 30-35 per cent of the GDP in the COVID-19 lockdown and social distancing period, other than the present 6 per cent direct contribution to the GDP, a new […]
New Delhi: The COVID-19 pandemic is expected to hit the Indian economy with about $320 billion in terms of daily gross domestic product (GDP) loss after 40 days of nationwide lockdown, said a report. The daily GDP of India is estimated to be approximately $8 billion. The impact has been severe on the travel and […]
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