Business

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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Don’t be surprised if your Zomato or Swiggy delivery boy delivers you groceries instead of your favourite meal. To tide over the acute shortage of manpower, Retailers Association of India (RAI) have requested e-commerce and non-food players to help with delivery staff for delivering essentials from grocery stores and local …

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The Noida district administration has sealed Ceasefire Company, in Sector 135, after 16 people associated with it were found coronavirus positive. The Department of Health has registered an FIR against against the administration of the company. An FIR has been registered against the firm for hiding information about foreign travel …

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New Delhi: The government today said it was planning to turn some railway coaches into isolation wards for patients with coronavirus, as authorities scramble to prepare the country’s health infrastructure for an expected surge in cases. Prime Minister Narendra Modi asked citizens to stay indoors for three weeks in the world’s …

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SpiceJet said on Sunday that one of its pilots who did not fly any international flight in March has tested positive for the coronavirus. “One of our colleagues, a first officer with SpiceJet, has tested positive for COVID-19. The test report came on March 28. He did not operate any …

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Washington: The coronavirus has already plunged the global economy into recession, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday, adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows. Ms Georgieva told a news conference that emerging market countries need at least …

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RBI governor Shaktikanta Das on Friday announced that its Monetary Policy Committee (MPC) decided to advanced its meeting in view of the Covid-19 crisis and voted for a massive reduction in repo rate in order to mitigate economic risks. It may be noted that the MPC meeting, which was earlier …

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E-commerce giants Flipkart, BigBasket and Grofers have resumed their services in some parts of India a day after their services were interrupted due to the nationwide lockdown announced by the Prime Minister Narendra Modi on March 25. Flipkart, which had shut their services on Wednesday, have now resumed their grocery …

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