Economic recovery to take at least 2-3 quarters: PE funds

New Delhi (IANS) The situation during the ongoing COVID-19 will be grim and the recovery thereafter will also take time as private equity experts fear that more people will die from hunger than pandemic in India most people under estimating the gravity…

Despite Russia-Saudi difference, global effort begins to stabilise oil prices

New Delhi (IANS) A bigger global effort to stabilise oil prices involving all major oil producers including the US has begun to see that the current crisis does not escalate further putting several oil producers closure to bankruptcies.

Though…

Passengers can make bookings from April 15 onwards: AirAsia

New Delhi (IANS) Budget passenger carrier AirAsia India on Saturday said that passengers can continue to make their bookings for flights that wil be operated from April 15 onwards.

"If at all there is any change based on the direction provided…

Life insurance policy holders get 30 more days to pay premium

New Delhi (IANS) In a major relief for life insurance policy holders amid the cornavirus crisis, the Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for paying premium of life insurance policies, by another…

More relief for taxpayers, no TDS on interest income till June 30

New Delhi (IANS) In yet another relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the validity of forms 15G and 15H by three months to June 30, 2020 and prevent banks from deducting TDS on interest income of individuals.

Yes Bank Rescue: Lock-in for existing shareholders may face legal challenge

New Delhi (IANS) The government decision to lock-in investments of all investors, including existing ones, holding more than 100 shares in Yes Bank may create room for a legal tussle, with analysts suggesting that minority shareholders of the private…

Equity market falls, Sensex drops below 28,000 mark

Mumbai (IANS) Indian stock market fell over 1 per cent on Friday morning, with the BSE Sensex trading below the psychological level of 28,000.

The decline was in tandem with the Asian indices where stocks fell due to the growing number of coronavirus…

Laptop sales surge in India as firms empower workforce at home

New Delhi, April 3 (IANS) While several industries reel under the COVID-19 lockdown impact in India, PC and laptop majors like HP and Lenovo have seen a massive surge in bulk buying from corporates and enterprises to keep their workforce stay home,…

Reduced trading hours for currency, debt markets amid COVID-19

Mumbai (IANS) In a major move, the Reserve Bank of India (RBI) on Friday reduced the trading hours for foreign exchange and bond markets by around four hours, with an aim to thwart risks and impact on liquidity amid reduced staff and logistical support.

RAI seeks 4% interest subvention for 9 months for retail sector

New Delhi (IANS) The Retailers Association of India (RAI) has written to the Reserve Bank of India (RBI) seeking interest subvention of 4 per cent for nine months to reduce the burden of interest along with an extension of the moratorium on loan repayment…