Business

New Delhi, July 1 (IANS) TikTok CEO Kevin Mayer on Wednesday said that the company is working with various stakeholders to address the concerns raised by the Indian government, and remain committed to support the welfare of TikTok creator community till the interim ban order is in effect. Mayer, who is …

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New Delhi, July 1 (IANS) The COVID-19 induced shrinking of economic activity for past few months has continued to have its impact on government’s tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological level of Rs 1 lakh crore to Rs 90,917 crore in …

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New Delhi, July 1 (IANS) Debt-laden wind power solutions provider Suzlon Energy has completed its debt restructuring process. Under the restructuring plan, promoters and key shareholders have infused Rs 392 crore. In a regulatory filing, the company said that the debt restructuring completed with unanimous approval of secured lenders. Post the …

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New Delhi, July 1 (IANS) The World Bank’s Board of Executive Directors has approved a $750 million MSME Emergency Response program to support increased flow of finance into the hands of India’s micro, small, and medium enterprises (MSMEs), severely impacted by the COVID-19 crisis. The MSME Emergency Response program will address …

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New Delhi, July 1 (IANS) The US is witnessing a wave of bankruptcies of erstwhile storied names especially in the retail and energy sector due to Covid-19 pandemic. The bankruptcies this year due to Covid-19 have already gone past the number and volume seen in 2008, the year of the global …

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New Delhi, July 1 (IANS) The Delhi High Court on Wednesday sought response from the Centre and various ecommerce platforms, including Amazon and Flipkart, on a petition seeking directions to the government to ensure the display of name of the manufacturing country on the products offered for sale on such websites. …

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Data science was a very new term until a few years ago. And now it’s become a hot term. The term Data Scientist was coined by Danish computer scientist Peter Naur, according to GreenBookBlog. Talent Supply Index (TSI) by Belong reported that there is a 400% increase in the demand …

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BENGALURU : Wipro Ltd, Wipro Enterprises Ltd, and Azim Premji Foundation have together committed ₹1,125 crore to help tackle the crisis arising from the covid-19 pandemic outbreak. Of this, ₹1,000 crore is from the Foundation alone. “These resources will help enable the dedicated medical and service fraternity in the front line of the …

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Following the Reserve Bank of India (RBI) directive to banks on 27 March to provide a three-month moratorium on repayment of term loans, most public sector banks on Tuesday announced their decisions regarding the same on social media platforms such as Twitter. The countries’ biggest lender, State Bank of India, …

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NEW DELHI: While the economic impact of the coronavirus pandemic will most certainly pull down the rest of the world into an era of recession, India and China may escape unscathed, according to a report by UNCTAD. Major G20 countries have committed massive stimulus packages to the tune of $5 trillion …

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