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Business / News Update

AWS driving Netflix, Fortnite, Zoom entertain and empower millions at home

May 24, 2020 - by IANS

New Delhi:  As you stream your favourite movies or TV series on Netflix, Disney Plus or Hulu, or connect with your team via video meet app Zoom, leading Cloud service …

AWS driving Netflix, Fortnite, Zoom entertain and empower millions at home Read More
Business / News Update

Maruti Suzuki employee tests corona positive at Manesar plant

May 24, 2020 - by IANS

New Delhi : Just 10 days after Maruti Suzuki India’s Manesar plant resumed operations, an employee in the unit tested positive for novel coronavirus infection on May 22. A company spokesperson …

Maruti Suzuki employee tests corona positive at Manesar plant Read More
Business / National / News Update

Every FY21 budget assumption will have to be reviewed: FM

May 23, 2020 - by IANS

New Delhi: Every assumption made in the 2020-21 Union Budget, presented in February, would have to be reviewed in view of the coronavirus pandemic, said Finance Minister Nirmala Sitharaman, here on …

Every FY21 budget assumption will have to be reviewed: FM Read More
Business / News Update

Canara Bank releases emergency credit facilities for MSMEs

May 23, 2020 - by IANS

New Delhi:  In order to meet the temporary liquidity mismatch arising out of COVID-19 outbreak, Canara Bank has announced ‘CANARA CREDIT SUPPORT’ for all of their borrowers who have been …

Canara Bank releases emergency credit facilities for MSMEs Read More
Equity indices rise ahead of monetary policy announcement
Business / News Update

Nine companies in BSE 500 where promoter stake went north see boost in stock price

May 23, 2020 - by IANS

New Delhi: What is the correlation between promoters increasing their stakeholding in companies and the consequent impact on the company’s share price? Usually, an increase in promoter stake is seen as …

Nine companies in BSE 500 where promoter stake went north see boost in stock price Read More
Business / News Update

Economic damage for India from lockdown to be significant: Moody’s

May 22, 2020 - by IANS

New Delhi:  Moody’s Investors Service said on Friday that economic damage as a result of India’s coronavirus lockdown will likely be extensive and reflect the country’s inherent economic vulnerability and …

Economic damage for India from lockdown to be significant: Moody’s Read More
Business / News Update

Pandemic’s macroeconomic impact more severe: RBI Guv

May 22, 2020 - by IANS

Mumbai: Reserve Bank’s Governor Shaktikanta Das on Friday said the macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated. In an online address to …

Pandemic’s macroeconomic impact more severe: RBI Guv Read More
RBI revises FY21 growth to (-)7.5% on current recovery rate, vaccine hopes
Business / News Update

RBI says India’s FY21 GDP growth to be negative

May 22, 2020 - by IANS

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the GDP growth rate for the financial year 2020-21 is likely to be in the negative territory …

RBI says India’s FY21 GDP growth to be negative Read More
Business / News Update

Sensex trades flat after gap-down opening

May 22, 2020 - by IANS

Mumbai: The BSE Sensex pared losses to trade on a flat note after opening 110 points lower on Friday. The domestic indices opened on a negative note tracking weakness in the …

Sensex trades flat after gap-down opening Read More
Intel Capital invests Rs 1,894 crore in Jio Platforms
Business / News Update

KKR to acquire 2.32% stake in Jio Platforms for Rs 11,367 crore

May 22, 2020 - by IANS

Mumbai; Reliance Industries Limited (RIL) and Jio Platforms Limited, India’s leading digital services platform, announced on Friday that US private equity fund, KKR will invest Rs 11,367 crore into Jio Platforms. …

KKR to acquire 2.32% stake in Jio Platforms for Rs 11,367 crore Read More

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