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GST officers process 10,077 new registrations, 7,876 refund applications in 10 days of lockdown

10 hours ago

News / Times Of India/ Business

In a statement, the Goods and Services Tax Network (GSTN) said it has enabled tax officers of different states and union territories (UTs) to access their office during the lockdown period, and is providing secured access to the office network on request...

CBDT gives extra time for filing forms 15G, 15H till June 30

yesterday

News / Times Of India/ Business

The Central Board of Direct Taxes has extended the validity of Form 15G and Form 15H till June 30, 2020. These two forms are normally filed by tax payers, whose income is not taxable - to avoid taxation...

Government puts curbs on exports of diagnostic kits with immediate effect

yesterday

News / Times Of India/ Business

The government on Saturday put curbs on exports of diagnostic kits with a view to discourage shipments amid the coronavirus outbreak. "The export of diagnostic kits (diagnostic or laboratory reagents on a backing, preparation diagnostic or laboratory reagents) ... is restricted with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification...

Many companies take 90-day no-layoff pledge

yesterday

News / Times Of India/ Business

A number of global companies – most with large presence in India – have assured employees that there will be no or insignificant layoffs while the Covid-19 outbreak and lockdown continue. Some have taken a 90-day no-layoff pledge. Some have put a stop to all layoffs for this year. Some are protecting jobs by reducing fresh hiring...

RBI halves mkt hours for forex, Gsecs

yesterday

News / Times Of India/ Business

The RBI has restricted operating hours for all the markets that it regulates from 10am to 2pm until April 17. The shorter hours will not impact retail bank customers as all their regular banking services — including Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT) and e-Kuber facilities — will continue to be available according to extant timings...

'IMF may delay release of third tranche of $6 billion loan to Pak'

9 hours ago

News / Times Of India/ Business

Go to web page....

RBI halves trading hours to curb volatility amid lockdown

2 days ago

News / Times Of India/ Business

The Reserve Bank of India (RBI), in a unprecedented move, cut market trading hours for both bonds and foreign exchange to four hours, citing possible operational and logistical risks arising from the nationwide lockdown due to the COVID-19 outbreak...

ADB expects India's economic growth to slow down to 4% in FY21 on global pandemic

2 days ago

News / Times Of India/ Business

India's economic growth is likely to slow down to 4 per cent this fiscal on the back of the current global health emergency, Asian Development Bank said in its outlook for the financial year 2020-21 on Friday. South Asia will face a milder slowdown. Growth in South Asia will decelerate to 4.1 per cent in FY2021 and then recover to 6 per cent in FY2022, it stated...

US weekly jobless claims blow past 6 million mark

3 days ago

News / Times Of India/ Business

The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession...

Covid-19 effect: Air India suspends contract of around 200 employees

3 days ago

News / Times Of India/ Business

Air India on Thursday temporarily suspended the contracts of around 200 employees including pilots, who were re-employed after retirement, as all domestic and international commercial passenger flights have been suspended in the country till April 14 to curb the COVID-19 pandemic. AI has cut the allowances of all employees, except cabin crew, by 10% for 3 months...

Finance ministry extends motor, health insurance validity till April 21

3 days ago

News / Times Of India/ Business

In a major relief for 23 crore individual vehicle owners and 40 crore citizens, who benefit from a private or state health insurance scheme, the ministry of finance has amended the law and extended validity of insurance papers till April 21, 2020...

Trump urged to pause H-1B visa scheme

3 days ago

News / Times Of India/ Business

A US body representing American technology workers has urged President Donald Trump to suspend for this year the H-1B visa programme, the most sought-after among the Indian IT professionals, to protect their interests amidst the massive layoffs due to Covid-19 pandemic. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers...

How apocalyptic April will transform oil industry

3 days ago

News / Times Of India/ Business

Daily consumption will plummet by 15 million to 22 million barrels in April from a year earlier, according to estimates from some of the world’s most influential energy analysts. The crash has already led to refiners slashing processing, drillers halting output and storage tanks swelling across the world...

India’s budget under strain on day one of new fiscal year

4 days ago

News / Times Of India/ Business

Finance minister Nirmala Sitharaman has already outlined a virus relief package of Rs 1.7 lakh cr ($22.5 billion) and may be planning more support. That could push up the govt’s fiscal deficit target to as high as 6.2% of GDP. Even before the virus, India was on track for its weakest expansion in more than a decade of 5% in the fiscal year that just ended...

Sensex plunges 1,203 points to close at 28,265; Nifty ends below 8,300

4 days ago

News / Times Of India/ Business

Equity indices witnessed a sharp decline with the benchmark BSE sensex falling over 1,200 points, dragged by IT and banking stocks, on the first trading day of the new financial year 2020-21 (FY21). The 30-share BSE index plunged 1,203 points or 4.08 per cent to close at 28,265 on Wednesday; while the broader NSE Nifty settled below the 8,300 level...

Govt cuts small savings rates by up to 140 basis pts

4 days ago

News / Times Of India/ Business Videos

Govt cuts small savings rates by up to 140 basis pts..

Sensex plunges over 700 points; Nifty drops below 8,400

4 days ago

News / Times Of India/ Business

Equity benchmark sensex slumped over 700 points in early trade on Wednesday tracking losses in index heavyweights Reliance Industries, Kotak Bank, HDFC Bank and Infosys amid weak cues from global markets...

India keeps date with BS-VI fuels amidst lockdown

4 days ago

News / Times Of India/ Business

India will keep its date with ultra-clean Bharat Stage-VI (BS-VI) fuels on April 1, leapfrogging from BS-IV amidst slump in demand and constraints on movement in the last five weeks due to the spread of coronavirus infections and the countrywide lockdown...

RIL overtakes TCS to become the most valued firm

5 days ago

News / Times Of India/ Business

Reliance Industries Limited (RIL) on Tuesday surpassed Tata Consultancy Services (TCS) to grab the title of most valued firm by market capitalisation. At close of trade, the market capitalisation (m-cap) of RIL was Rs 7,05,211.81 crore, which was Rs 21,133.32 crore more than that of Tata Consultancy Services' Rs 6,84,078.49 crore valuation on the BSE...

Investors lose Rs 37.59L crore in 2019-20 fiscal

5 days ago

News / Times Of India/ Business

Investor wealth dropped by Rs 37.59 lakh crore in 2019-20 fiscal, led by a weak broader market where the BSE benchmark tanked nearly 24%. The 30-share BSE Sensex ended 2019-20 with a loss of 9,204.42 points or 23.80%, while the Nifty sank 3,026.15 points or 26.03%. The market capitalisation of BSE-listed companies fell by Rs 37,59,954.42 cr to Rs 1,13,48,756.59 cr...

Equity indices in the green, Vedanta gains by 7.5 pc

5 days ago

News / Times Of India/ Business Videos

Equity indices in the green, Vedanta gains by 7.5 pc..

H-1B workers seek 180-day stay in US post-unemployment period instead of 60

5 days ago

News / Times Of India/ Business

Fearing massive layoffs in America due to the coronavirus crisis that is hitting businesses around the globe, foreign technology professionals on H-1B visas, the most sought after among Indians, demand the Trump administration extend their permissible post-job loss limit to stay in the US from the existing 60 to 180 days...

Investors lose Rs 3.35L cr in 2 days as markets fall

6 days ago

News / Times Of India/ Business

Equity market investors have lost over Rs 3.35 lakh crore in two days as sentiment remained weak amid a steady rise in coronavirus cases in the country. The 30-share BSE barometer sensex plunged 1,375.27 points or 4.61 per cent to close at 28,440.32 on Monday. On Friday, it had fallen by 131.18 points...

Sensex, Nifty skid as coronavirus cases continue to rise

6 days ago

News / Times Of India/ Business

Equity indices plunged on Monday as fears mounted that the global shutdown due to coronavirus could last for months. After sliding over 1,000 points in initial deals, the benchmark BSE sensex trimmed of its losses to trade 452 points or 1.52 per cent lower at 29,363; while the broader NSE Nifty tanked 121 points or 1.40 per cent to 8,539...

FinMin, RBI meet on Tuesday to decide borrowing plan for FY21

7 days ago

News / Times Of India/ Business

The Finance Ministry and RBI will hold a meeting on Tuesday to decide on the government's borrowing plan for the first half of 2020-21 amid the lockdown to contain the spread of coronavirus. According to sources, the government would resort to front-load it's borrowing plan to deal with the challenges posed by COVID-19 on the economy...

Govt asks discoms to ensure 24x7 power supply

7 days ago

News / Times Of India/ Business

The government on Saturday announced a slew of relief measures, including three-month moratorium for discoms to pay to gencos (generating companies), to ensure 24X7 electricity supply during the lockdown period. This was done in view of the mounting outstanding dues of discoms towards gencos...

SBI passes on entire benefit, cuts lending rate

7 days ago

News / Times Of India/ Business

State Bank of India (SBI) has passed on the entire cut in interest rates by the RBI to its borrowers by bringing down its external benchmark-linked lending rate as well as the repo-linked lending rate by 75 basis points (100bps = 1 percentage point) from April 1...

Tata Motors to hive off passenger vehicles unit

7 days ago

News / Times Of India/ Business

The move is a precursor to bring in a strategic partner in the loss-making passenger vehicles unit to secure its future. Tata Motors’s passenger vehicles business has been hit by weak sales and production disruptions amid an economic slowdown and the coronavirus pandemic...

IMF chief: 'Clear we have entered recession'

7 days ago

News / Times Of India/ Business

"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, IMF chief Kristalina Georgieva said in an online press briefing. With the worldwide economic "sudden stop," she said the estimate "for the overall financial needs of emerging markets is $2.5 trillion" and "we believe this is on the lower end."..

Elderly, widows to get 3 months' pension in advance

7 days ago

News / Times Of India/ Business

The Centre will give three months' pension in advance to 3 cr. widows, senior citizens and differently-abled by April amid the Covid-19 lockdown. As per NSAP, senior citizens 60-79 yrs get Rs 200/month and above 80 get Rs 500/month; 40-79 yrs widows get Rs 300/month and above 80 get Rs 500; up to 70 yrs differently-abled get Rs 300/month and above 80 get Rs 500...

Slashed interest rate needs quick transmission: FM

7 days ago

News / Times Of India/ Business

Finance minister Nirmala Sitharaman on Friday asked banks for "quick transmission" of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points (bps) to boost liquidity in financial system to deal with the COVID-19 pandemic...

SBI passes on entire repo rate cut to borrowers

8 days ago

News / Times Of India/ Business

Hours after the Reserve Bank of India reduced the repo rate by 75 basis points, the country's largest lender State Bank of India on Friday said it would pass on the entire cut to its customers, effective April 1...

EMIs put on hold, big-bang rate cut by RBI

9 days ago

News / Times Of India/ Business

The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve ratio maintained by the banks for the first time in over seven years. CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system...

Indian banking system is safe and sound: RBI Governor Shaktikanta Das

9 days ago

News / Times Of India/ Business Videos

Indian banking system is safe and sound: RBI Governor Shaktikanta Das..

No foreign flights till April 14 midnight: DGCA

10 days ago

News / Times Of India/ Business

All international commercial passenger flights will remain suspended till April 14, aviation regulator DGCA announced on Thursday, amid a nationwide lockdown to prevent the spread of the novel coronavirus. The DGCA on March 19 had announced that no international commercial passenger flight operations will take place in India from March 23 to March 29...

Sensex jumps over 1,200 points; Nifty above 8,600

10 days ago

News / Times Of India/ Business

Equity indices continued to rise on Thursday with the benchmark BSE sensex surging over 1,200 points amid gains in IT and banking stocks. Sensex jumped 1,211 points or 4.24 per cent to 29,746; while the broader NSE Nifty moved 312 points or 3.75 per cent up to trade above 8,600...

LPG bookings zoom 200%; oil companies say measures in place

10 days ago

News / Times Of India/ Business

Daily LPG bookings have increased more than 200% since Sunday but consumers need not worry about supply crunch during the lockdown period so long as they don't resort to panic buying or rush to dealerships with empty cylinders. Measures have been put in place to ensure uninterrupted home delivery of refills, retailers' association told TOI on Wednesday...

Flipkart, Amazon, Bigbasket hit temp pause

11 days ago

News / Times Of India/ Business

E-commerce operations came to a grinding halt on Wednesday morning as two of the largest e-commerce platforms Flipkart and Amazon India virtually shut operations here due to on-ground difficulties to source products from warehouses and deliver them to consumers...

Flipkart suspends services as India lockdown impedes online grocery deliveries

11 days ago

News / Times Of India/ Business

Walmart Inc’s Flipkart has suspended services as India began a 21-day lockdown to fight the spread of the coronavirus pandemic. PM Narendra Modi ordered the lockdown from Tuesday midnight, but a central government advisory suggested exempting e-commerce deliveries of essentials such as food and medical equipment in addition to grocery stores and banks...

Sensex rises over 350 points; Nifty above 7,650

12 days ago

News / Times Of India/ Business

Equity indices rebounded on Tuesday with the benchmark BSE sensex rising more than 1,300 points as the global sentiment improved after the US Federal Reserve pledged to spend as much as needed to steady the financial system. But as the trading progressed, the 30-share BSE platform wiped out most of its early gains to trade 369 points or 1.42 per cent higher...

Give liquidity support to corporates: Govt to banks

12 days ago

News / Times Of India/ Business

The govt has asked all state-owned lenders to extend emergency credit lines to corporate borrowers, three govt and banking sources said, as it rushes to tackle the fallout from the coronavirus outbreak. Banks have been asked to make available an additional 10% in funds over and above sanctioned working capital loans, but not exceeding Rs 200 cr per loan account...

RIL sets up India's 1st dedicated Covid-19 hospital

12 days ago

News / Times Of India/ Business

Reliance Industries on Monday said it will pay contract and temporary workers wages even in case of no work due to coronavirus outbreak, set up India's first dedicated Covid-19 hospital in Mumbai, ramp up face-mask production capacity and provide free meals and fuel to deal with the crisis...

PM Modi bats for e-payment, ‘will aid social distancing’

12 days ago

News / Times Of India/ Business

Prime Minister Narendra Modi on Sunday nudged citizens to use digital payment tools as these are safer during the coronavirus pandemic. “This is the time to ensure social distancing. Digital payments help you do that. Let’s listen to these stalwarts and adopt digital payments,” the PM tweeted on Sunday...

Maruti Suzuki halts production at Haryana plants

12 days ago

News / Times Of India/ Business

The country's largest carmaker Maruti Suzuki India (MSI) on Sunday said that it has suspended operations at its manufacturing facilities in Haryana due to the coronavirus outbreak. In a regulatory filing, the company said that it has shut production and office operations at its facilities in Gurugram and Manesar, Haryana with immediate effect till further notice...

Covid-19 to delay job interviews; impact hiring: Experts

12 days ago

News / Times Of India/ Business

The overall hiring sentiment in the country is likely to witness an adverse impact in the short term with 60-65 per cent interviews getting delayed, especially in the services sector, following the slowdown across industries triggered by Covid-19, experts said. Banking, financial services and insurance (BFSI), retail, logistics are likely to be most affected...

ATF rate cut; freeze on petrol price continues

12 days ago

News / Times Of India/ Business

Jet fuel prices were slashed by 12% after oil firms reverted to fortnightly revisions to pass on the benefit of falling crude oil prices, but rates of petrol and diesel remained unchanged for 7th straight day. State-owned oil firms cut aviation turbine fuel (ATF) price by Rs 6,687.75 per kilolitre to Rs 50,171.26 per kl - the lowest since September 2017...

Investors lose Rs 14.22L cr in stock market carnage

13 days ago

News / Times Of India/ Business

Investor wealth took a massive beating of Rs 14.22 lakh crore on Monday as markets went into a tailspin, dropping a whopping 3,934.72 points as lockdown in several states sent jitters to investors. Sentiment turned extremely negative after several Indian states announced lockdown following rise in the number of coronavirus cases...

Sensex hits lower circuit of 10%

13 days ago

News / Times Of India/ Business Videos

Sensex hits lower circuit of 10%..

Users struggle to buy, repair key tech items

yesterday

News / Times Of India/ Business

Go to web page....

Sensex falls over 700 points; Nifty below 8,100

2 days ago

News / Times Of India/ Business

Equity benchmark sensex slumped over 650 points on Friday, dragged by banking, financial and auto stocks as investor sentiment continued to be weighed down by uncertainty over the Covid-19 pandemic and its economic impact. The 30-share BSE index fell 674 points or 2.39 per cent to close at 27,591; while the broader NSE Nifty settled below 8,100...

IGL cuts CNG price by Rs 3.20/kg, PNG by Rs 1.55/unit

2 days ago

News / Times Of India/ Business

A day after domestic natural gas prices were cut by 26%, Indraprastha Gas Ltd on Thursday cut CNG price by Rs 3.20 per kg and PNG rate by Rs 1.55 per unit in Delhi. The reductions will be marginally higher at Rs 3.60 per kg in Noida, Greater Noida and Ghaziabad due to incremental decrease in state taxes...

Boeing to offer voluntary layoffs to employees

3 days ago

News / Times Of India/ Business

Boeing Co chief executive officer (CEO) Dave Calhoun outlined a plan of voluntary layoffs for employees on Thursday, while warning that the coronavirus pandemic would have a lasting impact on the global aerospace industry. Under the plan, eligible employees who want to exit the company will be offered pay and benefits package, Calhoun said in a memo...

Govt under-funding fight against corona: Chidambaram

3 days ago

News / Times Of India/ Business

Senior Congress leader P Chidambaram on Thursday alleged that the government is "under-funding" the fight against the coronavirus pandemic and asked the Modi dispensation to announce that it will fund the battle with Rs 5-6 lakh crore...

US receives 2.75L H-1B registrations, of which 67.7% were for Indians

3 days ago

News / Times Of India/ Business

A bulk of H-1B cap registrations, received by the US Citizenship and Immigration Services, were for potential beneficiaries (workers) from India. Of the 2.75 lakh registrations received from sponsoring employers wish to depute or hire workers in the US, nearly 67.7% or 1.86 lakh were from India. Registrations were also filed for 36,300 (13.2%) Chinese workers...

Several companies announce unpaid leave, layoffs

3 days ago

News / Times Of India/ Business

Furloughs, leave without pay, salary cuts, layoffs – that’s the story across sectors as the pandemic deepens the economic crisis. Employees of US conglomerate Honeywell, which has a large engineering centre and operations in India, have to take two weeks of unpaid leave in April and May...

Sensex falls by 1,203 points, COVID-19 and lockdown weigh on investor sentiment

4 days ago

News / Times Of India/ Business Videos

Sensex falls by 1,203 points, COVID-19 and lockdown weigh on investor sentiment..

GST mop-up slips below Rs 1L cr in March

4 days ago

News / Times Of India/ Business

GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy...

Sensex dives over 750 points on first day of FY21

4 days ago

News / Times Of India/ Business Videos

Sensex dives over 750 points on first day of FY21..

RBI announces more measures to deal with Covid-19 pandemic

4 days ago

News / Times Of India/ Business

The Reserve Bank of India (RBI) on Wednesday announced more measures to counter the economic fallout of the fast-spreading coronavirus pandemic. In a notification, the central bank mentioned that it has extended the realisation period of export proceeds, increased WMA (Way and Means Advances) limit and implemented countercyclical capital buffer...

Missing two instalments may add 10 months to loan

4 days ago

News / Times Of India/ Business

Hit by the lockdown and faced with uncertainty, many people are looking to avail of the repayment relief that banks are offering. Although banks are yet to announce the details of the relief package and how it will work out, we do know that this is only a grace period and they are likely to charge interest for the unpaid amount...

Down 12,700 pts (31%), sensex has worst quarter

4 days ago

News / Times Of India/ Business

As the fears about the impact of the spread of Coronavirus weighed on investor sentiment globally, Dalal Street ended its worst quarter ever on a brighter note. The January-March quarter, that saw the sensex give up almost 12,700 points, or 31%—that too after reaching an all-time high at 42,274 on January 20—has been the worst in terms of points loss as well as percentage loss...

Sensex rallies over 1,000 points, BPCL jumps by 14%

5 days ago

News / Times Of India/ Business Videos

Sensex rallies over 1,000 points, BPCL jumps by 14%..

SpiceJet cuts March salary by 10-30%

5 days ago

News / Times Of India/ Business

SpiceJet will cut March salaries by 10-30%, for all employees except those in the lowest pay grades. The airline, while assuring of no job losses, will not pay March 25-31 lockdown period salary to anyone. Other airlines like IndiGo, GoAir, Vistara and SpiceJet had earlier announced pay cuts as travel was one of the first casualties of the corona pandemic...

Banks yet to act on RBI's EMI relief order, spark confusion

5 days ago

News / Times Of India/ Business Videos

Banks yet to act on RBI's EMI relief order, spark confusion..

Extend work from home option to all, restrict work hours: IT employees union

5 days ago

News / Times Of India/ Business

The Union of IT and ITES Employees (UNITE) on Monday demanded that the central government enforce all companies, ranging from MNCs to MSME, to extend work from home option to all employees and make it voluntary in the wake of Covid-19...

Saudi to raise oil exports to record levels amid price war

6 days ago

News / Times Of India/ Business

Saudi Arabia on Monday said it will raise its oil exports to a record 10.6 million barrels per day starting from May, escalating a price war with Russia. Oil prices are languishing at 17-year lows as the coronavirus pandemic threatens a global recession that will send demand plummeting...

Union Bank MD: Focus is on zero disturbance

6 days ago

News / Times Of India/ Business

From April 1, Mangalore-based Corporation Bank and Hyderabad-headquartered Andhra Bank will merge into Union Bank. The merger, which was announced and planned last year, comes into effect amid the Covid-19 lockdown. In an interview with TOI, Union Bank MD & CEO Rajkiran Rai explains how the focus is on zero disruption...

Will speak to banks to facilitate cash flow: FM

7 days ago

News / Times Of India/ Business

Lauding efforts of bankers in this difficult time, finance minister Nirmala Sitharaman on Saturday said that she will speak to all banks to facilitate cash flow and enable timely access to all. She also assured that she will talk to states and ensure that there are no restrictions in the movement of cash, bankers, vendors or bank mitra...

Telcos to opt for EMI moratorium: COAI

7 days ago

News / Times Of India/ Business

Debt-ridden telecom operators are likely to opt for three-month moratorium to avoid cash crunch during the lockdown, industry body COAI said on Saturday...

No pain, shame if you miss EMIs till May 31

7 days ago

News / Times Of India/ Business

Borrowers, both individuals as well as businesses, can get a three-month break from their monthly instalments and possibly credit card dues. The three-month deferment for instalments due between March 1 and May 31, 2020 will help borrowers remain liquid, avoid the defaulter tag and continue having access to bank credit...

Cognizant techies to get ‘gratitude’ allowance

7 days ago

News / Times Of India/ Business

Cognizant Technology Solutions on Friday announced that it will pay a ‘gratitude’ allowance of 25% of basic pay to more than 1.35 lakh employees in India. This is being paid recognising their efforts at maintaining business continuity during the coronavirus pandemic...

RBI announces steps to infuse Rs 1.37L cr liquidity

7 days ago

News / Times Of India/ Business

Amid stress in the financial system due to COVID-19, the Reserve Bank of India (RBI) on Friday announced measures to inject Rs 3.74 lakh crore into the banking system through a slew of instruments, including the reduction in cash reserve ratio. The other liquidity support measures included targeted long-term repo operation (TLTRO) and increasing the limit under the marginal standing facility (MSF) to 3 per cent from 2 per cent...

Centre releases Rs 4,431cr to clear MGNREGA wages

7 days ago

News / Times Of India/ Business

The Centre has released Rs 4,431 crore to clear pending wages under the rural job scheme MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) and will pay all dues by April 10, officials said on Friday, a day after the government announced increase in wages under the programme...

'Banks are safe, don't resort to panic withdrawal'

7 days ago

News / Times Of India/ Business

Allaying depositors' concerns, Reserve Bank of India (RBI) governor Shaktikanta Das on Friday asserted that the Indian banking system is safe, and termed linking banks' share prices to safety of deposits as "fallacious" thinking...

Moody's slashes India's GDP growth in 2020 to 2.5 %

9 days ago

News / Times Of India/ Business Videos

Moody's slashes India's GDP growth in 2020 to 2.5 %..

RBI reduces repo rate by 75 bps to 4.4%: Key points

9 days ago

News / Times Of India/ Business

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced a 75 basis points cut in its policy repo rate to deal with the impact of deadly coronavirus outbbreak on the economy...

Sensex jumps over 1,000 points as banks, IT stocks surge; Nifty above 8,900

9 days ago

News / Times Of India/ Business

Equity indices on Friday started the day on a positive note with the benchmark BSE sensex rising over 1,000 points in opening session -- led by gains in banking, financial and IT stocks -- after the government announced Rs 1.7 lakh crore stimulus package for segments hit by coronavirus-led lockdowns...

Investors gain Rs 11.12L cr in 3 days of market rally

10 days ago

News / Times Of India/ Business

Investor wealth rose for the third consecutive day on Thursday, gaining Rs 11,12,088.78 crore in three days, as equity markets continued their sharp rally. The BSE benchmark index sensex advanced 1,410.99 points or 4.94 per cent to close at 29,946.77 on Thursday. In three days, the index has gained 3,965.53 points...

'AdWise': 'Colleague is upset as I get paid more'

10 days ago

News / Times Of India/ Business

Are you dealing with a tough boss? Are your colleagues being mean to you? Is your workplace culture hindering your growth? Is there anything that’s bothering you at work, which you’re wary of discussing internally? Talk to us. Write to us at adwise@timesgroup.com..

Govt likely to unveil $20 billion-plus stimulus package to tackle coronavirus downturn: Report

11 days ago

News / Times Of India/ Business

To fight the economic downturn amidst coronavirus pandemic, India is likely to introduce an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion), said two sources familiar with the matter. The government has not yet finalised the package and discussions are ongoing between PM Modi's office, the finance ministry, and Reserve Bank of India...

RIL overtakes TCS to become most valued firm

11 days ago

News / Times Of India/ Business

Reliance Industries Limited (RIL) on Wednesday surpassed TCS to become the most valued domestic firm by market capitalisation during morning trade following a spike in its share price...

Facebook in talks for 10% in Jio: Report

11 days ago

News / Times Of India/ Business

Social media giant Facebook is in talks to buy a 10% stake in Reliance Jio, billionaire Mukesh Ambani’s telecom and internet services venture. The US-based technology giant, which also owns Instagram and WhatsApp, was close to signing a preliminary deal but the negotiations got delayed due global travel bans due to Covid-19...

How Indian IT is keeping lights on for global businesses

12 days ago

News / Times Of India/ Business

TCS is said to be shipping nearly 6,000 laptops to employees every day to enable them to work from home (WFH). The numbers are up from 1,000 a day about ten days ago. The company, which has some 4.5 lakh employees, has now enabled work from home for 85% of staff in India...

Two-wheeler cos have BS-IV stock over Rs 2,500cr

12 days ago

News / Times Of India/ Business

As markets go quite due to severe restrictions around coronavirus, two-wheeler companies are left with BS-IV inventory worth over Rs 2,500 crore with little hope around liquidating it, despite heavy discounts. Dealerships are shut, many states are under lockdown or curfew, and people have been instructed to curtail non-essential movement, reducing footfalls...

Ensure a vacant seat b/w two flyers: Airlines told

12 days ago

News / Times Of India/ Business

Keep one seat vacant between two passengers onboard aircraft to ensure social distancing and also make sure that airports have minimum one-metre spacing at check-in counters and waiting areas, the aviation regulator stated on Monday. Airports have been asked to ensure adequate check-in and security check counters to avoid congestion...

AI says people snubbing crew who went abroad

12 days ago

News / Times Of India/ Business

The airline said resident welfare associations (RWAs) of crew who operated special flights to fly Indians stranded in corona hotspots like Wuhan, Italy and Japan are “obstructing them from performing their duty or even calling in the police, simply because the crew travelled abroad in the course of their duty.”..

Covid-19: How RBI set up war-room in just one day

12 days ago

News / Times Of India/ Business

The Reserve Bank is virtually being run from a war-room at a city facility manned by just around 90 critical staff as the authority works to insulate the financial system from disruptions due to the coronavirus pandemic. The operation is so controlled that the BCP manual allows only half of the 90 staff to be present at any given time and the rest are on standby...

Indian Banks' Association's advisory on Covid-19

12 days ago

News / Times Of India/ Business

Banking lobby Indian Banks' Association has appealed people to wash their hands after touching or counting currency. IBA has also asked customers to use online and mobile banking channels for making their transactions and avoid visiting bank branches as it could pose a risk to banks' front desk staff. It has been advised to wash hands for at least 20 seconds...

Hero MotoCorp, Fiat suspend production till Mar 31

12 days ago

News / Times Of India/ Business

The country's largest two-wheeler maker Hero MotoCorp on Sunday said it has suspended production at all its sites across the globe until March 31, 2020 in order to safeguard its employees against COVID-19...