Implement stimulus package of 10% of GDP, make India hospitable for investment: Salve

New Delhi (IANS) Renowned legal luminary and Queen's Counsel Harish Salve said implementing a stimulus package amounting to 10 per cent of GDP on the lines of the UK and US, would not be tough for India. In an exclusive interview to IANS, Salve…

E-commerce players welcome relaxations in operations

New Delhi (IANS) 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…

Goyal to talk logistics, industrial activity resumption of biz leaders

New Delhi (IANS) Commerce and Industry Minister Piyush Goyal is scheduled to talk to industry representatives on Friday over video-conference regarding smooth resumption of operations and the logistical issues as the lockdown restrictions are eased.

Govt likely to announce stimulus package on Friday

New Delhi (IANS) The stimulus package for the industry hit by a lockdown of more than a month when economic activity has ground to a halt is expected to be announced soon.

The package has been in the works for a while and top government officials…

Coal set for largest decline since World War II, says IEA

New Delhi (IANS) In a historic shock amid Covid-19 pandemic, coal is set for the largest decline since World War II alongside sharp reductions for oil and gas, the International Energy Agency (IEA) said on Thursday in a report.

Nuclear power…

RIL Board approves Rights Issue of up to Rs 53,125 cr, first in three decades

Mumbai (IANS) The Board of Reliance Industries Ltd (RIL) on Thursday approved a Rights Issue of up to Rs 53,125 crore at Rs 1,257 per share.

In a regulatory filing, RIL said: "At its meeting held today, i.e., April 30, 2020 considered and approved,…

Sensex up 300 points tracking gains on Asian indices

Mumbai (IANS) The key Indian equity indices rose on Wednesday with the BSE Sensex rising over 300 points.

The rise in the domestic indices was in tandem with the gains in the Asian markets, analysts said.

Around 10.15 a.m., the Sensex…

No April, May pay for SpiceJet pilots, barring aviators of cargo ops

New Delhi (IANS) Budget passenger carrier SpiceJet will not pay April and May salaries to its pilots, barring those who have been flying cargo flights.

In an email to the airline's pilots, Captain Gurcharan Arora, Chief of Flight Operations,…

Airtel signs Rs 7,636 crore deal with Nokia to get ready for 5G era

Helsinki/New Delhi, April 28 (IANS) 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…

Firms that can survive with social distancing to spring back faster

New Delhi (IANS) The Covid-19 crisis will leave companies with a new normal and firms that can survive with social distancing, such as digital platforms, and online learning are likely to spring back to recovery and shall thrive soon, according to…