Oil prices jump after OPEC+ agree on output cut deal

New Delhi (IANS) International crude oil prices surged on Monday after the Organization of the Petroleum Exporting Countries (OPEC)and its allies including Russia agreed on a nearly 10 per cent cut in oil production.

In the 10th extraordinary…

CII suggests calibrated lifting of nationwide lockdown

New Delhi (IANS) As anticipations rise about the nationwide lockdown being extended, a CII report has suggested that the lockdown should be lifted in a phased and calibrated manner.

The industry body, in its report also said that as it is an…

Industry likely to seek subsidy to provide wages for workers during lockdown

New Delhi (IANS) Trade and industry associations are likely to represent the authorities in central and state governments over the issue of wages to workmen for the lock down period due to the COVID-19 epidemic.

Jeetender Gupta, Advocate-On-Record,…

Flipkart, Tata Consumer Products launch essential commodities distribution

New Delhi (IANS) Etailer Flipkart and Tata Consumer Products Limited on Saturday announced to serve the nation amid the COVID-19 global pandemic, enabling access to essential food and beverage products to the Indian consumers.

Consumers can…

Assocham recommends graded opening of economy

New Delhi, April 11 (IANS) Sectors like construction where sufficient labor is already at the site, export-oriented units, government offices, e-commerce, and agriculture are the sectors that should be opened in the first phase when the country starts…

IMF Chief predicts worst economic fallout since Great Depression

New Delhi (IANS) As the world deals with the coronavirus crisis, the Managing Director of International Monetary Fund (IMF), Kristalina Georgieva has said that the world may face the worst economic fallout since the Great Depression of the 1930s.

RBI's Monetary Policy Report forecasts global recession

Mumbai (IANS) Outlining a grim picture for the global economy amid the coronavirus crisis, the Reserve Bank of India's (RBI) Monetary Policy Report says that the global economy may slump into recession in 2020.

The report noted that the…

Adani Gas reduces prices of CNG, Domestic PNG

Ahmedabad (IANS) Adani Gas Ltd. (AGL), the city gas distribution business of the Adani Group, has announced reduction in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) across its various geographical areas with effect…

Tata Power Solar bags contract for constructing 300 MW power project

Mumbai (IANS) Tata Power Solar has bagged the contract to build the 300 MW CPSU-II for NTPC at Rs 1,730.16 crore.

The contract was bagged post reverse auction held on February 21. The Commercial Operation Date (COD) for this grid-connected…

RBI extends overdraft facility for State, UT govts

Mumbai (IANS) To ease the cashflow mismatches which might occur due to Covid-19 lockdown, the Reserve Bank of India on Tuesday extended the time period for States and Union Territories to avail overdraft facilities.

Accordingly, the RBI has…