Business
Justice M.R. Shah wonders what relief has ultimately been granted if interest continues to accrue for the moratorium period The Supreme Court questioned the Reserve Bank of India’s (RBI) regulatory package requiring the continuation of payment of interest on bank loans after the three-month moratorium during the pandemic
Business
Investment could give e-commerce major 5% stake; deal could boost telco’s fortunes as it competes against number one Jio Reuters Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters,
Business
Srinagar: The Salamabad Cross Union Trade Association Wednesday said that people involved in cross LoC trade are on verge of collapse and starvation as around Rs 500 crore have been lost since the trade was suspended last year in April by the Government of India. Chairman Salamabad cross union trade
Business
PTI (Eds: Correcting DCM74 story released on Tuesday to say that AirAsia India is a joint venture between Tatas and AirAsia (Investment) Ltd)) Mumbai: AirAsia India has slashed salary of its pilots by an average 40 per cent for May and June, an airline source said. However, the quantum of
Business
It is unclear when travelling will become a way of life, as it was pre-COVID, the company stated in a mail to employees PTI Online travel firm MakeMyTrip has laid off 350 employees due to the impact of the COVID-19 pandemic on its business. Most of the fired employees are
Business
The company said its showrooms have also started opening in accordance with centre and state guidelines in a graded manner PTI The country’s largest carmaker Maruti Suzuki India (MSI) on Monday reported a 86.23% decline in total sales at 18,539 units in May. The company had sold
Business
The IHS Markit India Manufacturing Purchasing Managers’ Index stood at 30.8 in May, up from 27.4 in April, pointing to another substantial decline in the health of the country’s manufacturing sector. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
Business
Financials may be hit due to negative impact on economies of U.S., U.K., EU The COVID-19 pandemic has its footprints all over Infosys’s annual report of fiscal 2020 that was released on Saturday. The economic slowdown or other factors affecting the economic health of the U.S.
Business
IANS Microsoft is reportedly laying off at least 50 news production workers and replacing them with artificial intelligence (AI) — based algorithms to perform their editorial duties. According to a report in the Seattle Times on Saturday, roughly 50 employees have been notified “that their services would no longer be needed
Business
The facility is now available for PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. PTI Finance Minister Nirmala Sitharaman on Thursday launched a facility for instant allotment of online PAN on furnishing of Aadhaar details. The Budget 2020-21 had proposed to launch
Business
Google may take about 5 percent stake in Vodafone Idea. Reuters Alphabet's Google is exploring an investment in Vodafone Group Plc's struggling India business, the Financial Times reported on Thursday, citing people familiar with the matter. Google is considering buying a stake of about 5 percent
Business
Plaint says it promotes payments app in its Android store, giving it unfair edge Reuters The Competition Commission of India (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the
