Covid-19 Not an End to Coworking Culture, Says Industry
Reeling under pressure due to sharp drop in footfalls following the COVID-19 pandemic, operators in the country's coworking industry believe the blip could be temporary and demand for flexible space would go up again as some key factors are going for them.
PM Modi Holds Meetings to Firm Up Second Stimulus for Reviving Lockdown-hit Economy
The prime minister also had discussions with key economic ministries such as Agriculture and Farmers' Welfare, and MSME to discuss various issues.
RBI Cancels Licence of Mumbai-based CKP Co-operative Bank; Depositors to Get Up to Rs 5 Lakh
The RBI said the bank is not in a position to pay its current or future depositors and has violated regulatory norms for minimum capital requirement.
Warren Buffett's Berkshire Hathaway Posts Nearly $50 Billion Loss as Coronavirus Hits Hard
A year earlier, the conglomerate reported profits of $15.5 billion.
As Moneycontrol Pro Turns 1, A Note to Readers from The Opinion Team
It is now, more than ever, that investors need credible and timely information that will allow them to take decisions in the midst of extraordinary uncertainty.
Moneycontrol Pro Completes a Year, Aims to Offer More Value to Its Subscribers
The product has emerged as the fastest growing financial subscription service, reaching a subscriber base of 1,60,000 in less than a year.
In Meeting with Bank Chiefs, RBI Governor Reviews Execution of Measures to Reduce Financial Stress
In his opening remarks, the governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.
Difficult to Take Medium and Long-term Views of the Situation: SBI Official
The bank is looking at the short term now - the next two or three quarters, a senior SBI official said on condition of anonymity.
Yes Bank Appoints Neeraj Dhawan as Chief Risk Officer for Three Years
Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will transition to a new role in the bank.
PM Meets FM, Home Minister to Discuss 2nd Economic Stimulus Package for Affected Sectors
PM Narendra Modi, who held discussions with Amit Shah and Nirmala Sitharaman, on Friday held meetings with different ministries including civil aviation, labour and power.
Tata Steel Announces Plans Aimed at Creating World's First Zero Carbon Industrial Cluster in UK
Phase one of the Tata Steel's European business project will create a plan for a series of local zero-carbon areas, create skilled jobs and enhance well-being across South Wales.
Elon Musk Wipes Nearly $15 Billion Off Tesla’s Valuation With His 'Price Too High' Tweet
The tweets recall Musk's controversial tweets in August 2018 when he said he had "funding secured" for a quickly-aborted campaign to take the electric car maker private.
CNBCTV18-CII Poll: What Heads of Top Institutions Said on India's Strategy to Revive Economy After Covid-19
SBI Chairman Rajnish Kumar said he is hopeful of more relaxations by May 31 and expects economic activity to return by the festive season.
Graded Exit From Lockdown Would Be Good For Businesses, Say 86% of CEOs in CNBC-CII Poll
On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far.
India Set to Cap Stimulus Package at $60 Billion to Protect Credit Rating: Report
On Tuesday, Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.
Sugar Output Falls 20% in October-April; Last 2 Months Sales Dip by 10 Lakh Tonne Due to Lockdown
Sugar sales in March and April declined by 10 lakh tonne because of the imposition of nationwide lockdown to control the coronavirus disease, the Indian Sugar Mills Association (ISMA) said.
Lockdown Led to Subdued Economic Activity But Saved India From Lot of Agony: SBI chairman
Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.
London Court Dismisses ArcelorMittal Appeal against Essar
The high court order of March 30 came as steelmaker ArcelorMittal looked to enforce a $1.5 billion arbitral award stemming from a soured supply agreement.
Covid-19: AP Govt to Clear All Industrial Incentives, Waive Power Charge for 3 Months to Boost MSMEs
The state government has also decided to provide working capital loans to MSMEs at lower interest rates. A fund to the tune of Rs 200 crore would be created to lend loans between Rs 2-10 lakh.
Non-subsidised Cooking Gas Price Cut by a Record Rs 162.50 per Cylinder
The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.
Sebi Exempts Four Family Trusts Linked to Lux Industries' Promoters From Open Offer Obligation
The proposed acquisition involves settlement or contribution of equity shares of the company to the four trusts by Ashok Todi, Bimla Todi, Pradip Todi and Shobha Todi.
Lockdown Period, Global Recession & Changes in Consumer Behaviour to Shape Economic Activity: Report
According to Dun & Bradstreet's latest report, changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic comes under control.
Bank Holidays in May 2020: Check Full List Here
With the lockdown in place, many banks have limited their working hours. Every second and fourth Saturday is also a bank holiday.
Amazon Sees Possible Second-quarter Loss as it Forecasts $4 Billion in Covid-19-Related Costs
The coronavirus has infected workers at dozens of locations, igniting small protests and prompting labour organisers to demand site closures
Financial Markets to Remain Shut for Maharashtra Day
All major financial markets in India will remain closed on Friday on account of Maharashtra Day.
Gold Gains on Bleak US Data, But En Route for 2% Weekly Fall
Millions more Americans filed claims for unemployment benefits last week, lifting the number of applications to 30.3 million since March 21, data showed.
Oil Prices Jump after US Stockpiles Grow Less than Feared, Output Cuts Kick in
Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT.
EPFO Allows Firms to File PF Returns Without Simultaneous Payment of Dues
The PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO).
Covid-19: Fitch Downgrades Viability Ratings of SBI, BoB, ICICI and Axis Bank
The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'.
March GST Collection Sinks to Rs 28,309 Crore, Down From Rs 1.13 Lakh Crore Last Year
Government officials said that collection numbers present a worrying trend, given that normal business activities were underway till March 24 when a nationwide lockdown was announced.
After Facebook, Reliance Jio Platforms in Talks with Other Global Investors for Similar Stake Sale
Without revealing the identity of the companies, RIL in its fourth-quarter earnings statement said the investment would be announced in the coming months.
Reliance to Hive off $75 Billion O2C Business into Separate Unit for Sale to Aramco
O2C undertaking of the company comprises entire oil-to-chemicals business of the company consisting of refining, petrochemicals, fuel retail and aviation fuel (majority interest only) and bulk wholesale marketing businesses together with its assets and liabilities.
Asian Oil Sellers Add New 'Zero Price' Clause in Contracts: Report
The new clause comes as sellers in Asia seek to protect their interests, as prices of some physical crude grades sold in the region have fallen to close to $10 a barrel due to heavy discounts.
Reckitt Benckiser's Sales Hit Record On Coronavirus Disinfectant Boom
Reckitt Benckiser recorded a 13.3% rise in first quarter like-for-like sales, that was its best performance since the company was formed in 1999.
Agriculture Infrastructure Funding Pegged at Rs 1.68 Lakh Crore for 2020-25: Govt Task Force
The final report of the task force on National Infrastructure Pipeline (NIP) for 2020-2025 presented to the government suggested agricultural reforms broadly in three areas e-market infrastructure, storage and processing, and research and development (R&D).
Rupee Zooms 57 Paise to End at 75.09 against US Dollar
The greenback weakening overseas and optimism over a COVID-19 drug trial in the US further supported the local unit, forex traders said.
RIL Q4 Results: Reliance Announces India's Biggest Rights Issue of Rs 53,125 Crore, Jio Profit Zooms 177%
Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period.
Allow E-commerce Entities to Operate Without Passes in Green Zones: IAMAI
The Internet and Mobile Association of India (IAMAI) has submitted a blueprint suggesting a road map for opening up e-commerce based on the current containment model of zoning.
NIP Task Force Calls for Boosting Private Investment in Highways at Rs 20.33 Lakh Crore by 2025
The ministry constructed 10,855 km of national highways against the targeted 16,420 km in fiscal 2019, with an average daily construction rate of about 30 km.
Lockdown Impact: India's March Infrastructure Output Contracts 6.5% Compared to Last Year
The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.
Infrastructure Development Critical for Achieving $5 Trillion Economy by 2025: Report
The report further said that the supply additions through infrastructure development boost short-term as well as the potential rate of GDP growth.
Investor Wealth Jumps Rs 7.68 Lakh Crore in Four Days of Market Rally
Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 per cent, higher at 33,717.62.
Don't Let Telcos Charge Offices, Businesses for Unused Internet during Lockdown: PIL in Delhi HC
The petitioner contended that telephone operators and ISPs ought not to charge citizens for services not used by them while following the government's directions.
Glenmark Pharma Shares Trim Most of Early Gains, Close Over 2 % Higher
The company said it is the first firm in India to receive such an approval from the Drug Controller General of India (DCGI).
Nitin Gadkari Launches Portal for Innovative MSME Ideas
The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned.
Hotel Industry Mulls Pay Cuts, Reducing Manpower to Tide over Lockdown Woes
Industry representatives said while some hotels have chosen not to entertain new guests, some have stepped up hygiene and sanitisation measures.
JustDial Board Gives Nod to Rs 220 Crore Buyback Proposal at Rs 700 Per Share
In its filing with the Bombay Stock Exchange (BSE), the company said that the board of directors of JustDial has given its nod to a buyback proposal worth maximum Rs 220 crore.
Infra Funding Requirement Pegged at Rs 111 Lakh Crore During 2020-25: Finance Ministry
The final report of the task force on NIP for 2019-2025 suggested steps like deepening bond markets, setting up of development financial institutions and land monetisation to meet the funding needs,
Mukesh Ambani to Forego Salary, RIL Board Members to Take Pay Cut amid Coronavirus Pandemic
In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.
Sensex Soars 997 Points Led by Gains in Energy, IT and Banking Stocks; Nifty Tops 9,850 Mark
After surging 1,167 points during the day, the 30-share index settled 997.46 points or 3.05 per cent higher at 33,717.62. It hit an intra-day high of 33,887.25.