India to be fastest growing G20 economy on Covid-19 impact as global economy shrinks

New Delhi (IANS) India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed Indias GDP growth forecast to 2.1 per cent from 6 per cent in the light of the coronavirus pandemic.

MCA discusses India Inc's concerns with industry bodies

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Saturday said that the Secretary for the Ministry of Corporate Affairs (MCA) Injeti Srinivas has discussed concerns of the India Inc with industry bodies --FICCI, CII, ASSOCHAM and PHD Chamber…

Cyber security risk increases amid 'work from home' trend

New Delhi (IANS) With companies across the globe turning to work from home, via the online medium amid the COVID-19 outbreak, threats to cyber security have increased.

Deepak Bhawnani, CEO at Alea Consulting said: "Companies, large and small,…

Wall Street tumbles after US tops world in COVID-19 cases

New York (IANS) US stocks ended significantly lower amid the fast-growing spread of coronavirus in the country.

On Friday, the Dow Jones Industrial Average slumped 915.39 points, or 4.06 per cent, to 21,636.78. The S&P 500 decreased 88.60 points,…

ITC limits operations to production of essential items

New Delhi (IANS) FMCG-to-hospitality major ITC on Friday said that its factories are producing only essential items such as flour, buiscuits and sanitisers.

The company, however, said that its manufacturing facilities of essential goods are…

RBI cuts key rates to 4.40%, maintains accommodative stance

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak.

Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate,…

RBI rate cut fails to boost market, Sensex falls to trade in red

Mumbai,(IANS) Indian stock markets erased all their initial gains on Friday afternoon, with the BSE Sensex trading over 250 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points.

The 30-stock…

Sensex soars 1,400 points; banking, finance stocks surge

Mumbai (IANS) Buoyed by the first instalment of a fiscal package to contain the economic fallout of Covid-19, investors pushed Indian stock markets higher for the third consecutive day with the BSE Sensex rising over 1,400 points.

Although…

Covid-19-linked demand squeeze pushes IOC to cut crude processing

New Delhi (IANS) In the wake of substantial reduction in demand for petroleum products post the Covid-19 outbreak in the country, country's largest public sector refiner Indian Oil Corporation has reduced crude processing at most of its refineries…

Relief rally in markets, Sensex up 1,861 points

Mumbai (IANS) Amid a rebound in the global markets, Indian equity indices surged on Wednesday with the BSE Sensex gaining over 1,800 points to close above the 28,000-mark.

The Nifty50 on the National Stock Exchange also soared 516 points to…