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Lockdown 4.0: Nirmala Sitharaman says, “Government bars global tenders for procurements up to Rs 200 crore”

Briefing the media on the Rs 20 lakh crore economic stimulus package, Finance Minister Nirmala Sitharaman on Wednesday said, "The global tenders will be...

Saudi Arabia cabinet asks OPEC+ countries to reduce oil production rate

The cabinet of Saudi Arabia has urged the OPEC+ countries to reduce the rate of oil production to restore balance in global crude markets. Quoting...

Jubilant Life Sciences partners with Gilead Sciences to develop remdesivir

India-based drugmaker Jubilant Life Sciences on Tuesday said that "It's subsidiary Jubilant Generics Limited has entered into a non-exclusive agreement with Gilead Sciences to...

President Trump backs Elon Musk, says “California should let Tesla open the plant now”

US President Donald Trump has supported Elon Musk's decision to open the work of Tesla's plant in California. https://twitter.com/realDonaldTrump/status/1260203080076931072 Taking to Twitter on Tuesday, President Donald...

Coronavirus Update: PM Modi announces Rs 20 lakh crore economic stimulus package

Addressing the nation on the coronavirus lockdown, Prime Minister Narendra Modi on Tuesday announced the economic stimulus package worth Rs 20 lakh crore. PM Modi...

Spotify enters in-licensing deal with Saregama for India market

Online music streaming service Spotify has entered into a licensing partnership with Saregama for the India Market. Spotify in its issued statement said, "The partnership...

“Not offering any emergency loans through YONO Platforms,” says SBI

State Bank of India has clarified that it is not offering any kind of emergency loans through its YONO platform. The clarification on the loan...

Interview: PivotRoots MD Shibu Shivanandan says, “Programmatic comes with the promise of transparency, efficiency and more balanced media buys outside of the duopoly

Sandeep Balani, India Head – OutBrain has recently caught up with Shibu Shivanandan, Founder & Managing Director of PivotRoots – a leading agency and...

Coronavirus Pandemic: G20 agrees to temporary pause debt payments for poorest countries

The Group of 20 nations (G20) has announced to temporary pause to debt payments by the world's poorest nations as they struggle to deal...

IMF projects global economy growth at minus 3 in 2020

As the world is going through the huge economy fallout due to the coronavirus outbreak, the International Monetary Fund on Tuesday projected global economy...

President Trump says, “It’s my decision when to reopen the U.S. economy.”

Befitting the reply on the governor's decision to reopen the U.S. economy, US President, Donald Trump on Tuesday said, "It's his decision when to...

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...

Fed expresses concerns on the reopening of Coronavirus hit economy

Federal Reserve boss Jerome Powell has expressed concerns on the reopening of coronavirus hit economy. For latest news updates, business news and world news, Like...

Coronavirus: Godrej Consumer partners with Zomato, ShoKirana, and ZoomCar for delivery of essential items

India-based FMCG major Godrej Consumer Products Limited (GCPL) has announced its partnership with online food delivery apps Zomato, ShopKirana and ZoomCar for delivery of...

Market Analysis: Dow ends above 23,000 mark for the first time in a month

The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...

Innovative “Eco-Business Park” To Be Built In Canadian City

The City of Summerside, Prince Edward Island, Canada is allocating $10 million towards the construction of an eco-industrial park that is meant to foster...

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...

Facebook appoints Robert Kimmitt as a lead independent director

U.S. leading social networking giant Facebook Inc on Friday announced the appointment of the U.S. treasury's former deputy secretary Robert Kimmitt as a lead...

Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

In a bid to revive the coronavirus-affected economy, the Bank of Canada on Friday announced its plans to reduce its interest rate to 0.25...

COVID19 Update: US announces $58 billion aid to avoid airline industries bankruptcies

Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid,...

Ashok Leyland adds more stakes in Hinduja Leyland Finance

India's leading automaker Ashok Leyland has acquired an additional stake in Hinduja Leyland Finance. In a filing with BSE on Thursday, Ashok Leyland said, "The...

Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package

We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...

COVID-19: Bank of Japan sees deeper economic pain, even after emergency easing

The Bank of Japan expanded monetary stimulus in an unscheduled policy meeting on March 16 to ease corporate funding strains and calm financial markets...

Coronavirus Update: TVS Electronics stops manufacturing operations till 31st March 2020

Aimed at securing employees, customers and stakeholders from the novel outbreak of coronavirus (COVID-19), India's leading technology giant TVS Electronics on Monday suspended its...

Adani Transmission Ltd buybacks Non-convertible debentures worth Rs 125 crore

India-based private transmission company Adani Transmission on Monday said that "It has brought back non-convertible debentures (NCDs) worth Rs 125 crore." The company in its...

COVID-19 Update: Industry Bodies says, “India needs stimulus plan or it risks crippling small businesses”

India's small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those...

Market Analysis: Fed announces unlimited QE, corporate bond purchases

The US Dollar has weakened across the board after the Fed unleashed a slew of unprecedented measures. The Fed said it would buy an...

Market Analysis: “COVID-19 to dry up the liquidity in the FX market, quotes to become wider as participation tapers off.”

The Global Coronavirus situation continues to become grim by the day. Several countries across Europe have come to a grinding halt on account of...

Fintech startup Zaggle appoints Siva Kumar as its new CTO

India's leading fintech startup Zaggle has announced the appointment of Siva Kumar as the company's new chief technology officer. The company in its statement said,...

Ashok Leyland to acquire 19% stake in Hinduja Leyland Finance

India's leading automaker, Ashok Leyland, has announced the acquisition of an additional 19 percent equity shares in Hinduja Leyland from the existing shareholders. In a...

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