India's Factory Slump Deepens in May After Historic Decline in April, Headcount Slides: PMI

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, increased to 30.8 last month from April's record low of 27.4, still well below the...

Hong Kong Finance Secretary Says No Plans to Change US Dollar Peg

the city's finance secretary said that capital will continue to flow freely in and out of Hong Kong. from Top Business News- News18.com https://ift.tt/3cgtE...

Aster DM Healthcare Sees 35% Fall in India, Gulf Revenues Due to Covid-19

For May, GCC continues to maintain the same revenue trend as April in spite of Eid holidays, whereas in India revenue has improved by approximately 23 per cent...

Rupee Jumps 32 Paise to 75.30 Against US Dollar in Early Trade

Forex traders said foreign fund inflows, weak American currency and positive opening of domestic equities also boosted investor confidence. from Top Business News-...

Sensex Rallies Over 900 Points in Opening Session, Nifty Tops 9,800 Amid Firm Global Market Cues

In the previous session, the BSE barometer finished at 32,424.10, up 223.51 points or 0.69 per cent, while Nifty advanced 90.20 points or 0.95 per cent to close...

Gold Climbs as Protests over George Floyd's Death across US Spark Safe-haven Rush

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially...

Japan's May Factory Activity Sinks as Pandemic Lockdowns Hit Demand: Survey

The survey pointed to the quickest contraction in output, new orders and work backlog since early 2009, as government-imposed lockdowns globally halted economic...

Google Stands in Support of Racial Equality, Says CEO Sundar Pichai

He said that the company has decided to share its support for the racial equality in solidarity with the black community and in memory of George Floyd on Google...

Infosys Sees Marginal Impact on Profits amid Covid-19, CEO Salary at $6.15 Million in FY20

Outlining risks related to the occurrence of COVID-19, Infosys said its profitability may be marginally impacted as some clients have sought price reductions or...

SBICAP Ventures Lowers Internal Rate of Return to 12% in Rs 25,000-Cr Fund for Stalled Housing Projects

The move is likely to help 4.58 lakh housing units across the country. Only RERA-registered projects with positive net worth will be provided funds. from Top Business...

Asian Countries Need to Focus on Public Private Partnerships to Support Coronavirus-hit Infra Sector: ADB

More than 80 per cent of the PPPs that reached financial closure in Asia in the last two decades were in transport sector, and were usually structured so demand...

Goyal Asks Pharma Firms to Explore Exports Opportunities in Eastern Europe, Russia

The minister also advised the firms to bring to his notice if the companies face any roadblock or unfair competition in a country, with which India has a free trade...

CAIT Supports Sonam Wangchuk's Call to Boycott Chinese Products

Amid tensions between India and China, Wangchuk, the man who inspired the Bollywood block-buster '3 Idiots', has appealed and asked Indians to boycott all Chinese...

HSBC Appoints Indian-origin Strategy Expert in UK to Chart Growth Plans in Post-pandemic Scenario

HSBC is also looking to boost its market share of wealthy customers in the Asia Pacific region, which has a high number of billionaires. from Top Business News-...

PM Narendra Modi to Share His Vision on 'Getting Growth Back' with India Inc on Tuesday

The Prime Minister will deliver the inaugural address at the Annual Session of the Confederation of Indian Industry (CII) to mark 125 years since its inception...

CBDT Notifies Forms for Income Tax Returns for Financial Year 2019-20

The department has revised the I-T return forms for the financial year 2019-20 to allow assessees to avail benefits of various timeline extension granted by the...

China's May Factory Activity Cools as Weak Demand Curbs Output

Hammered by the health crisis, China's economy shrank 6.8% in the first quarter from a year earlier, the first contraction since quarterly records began. from...

Sebi Slaps Rs 3 Crore Fine on Five Entities in Bank of Rajasthan Insider Trading Case

The penalty has been imposed on Rohit Premkumar Gupta, Navin Kumar Tayal, Jyotika Sanjay Tayal, Advik Textiles & Realpro Pvt Ltd and Kulwinder Kumar Nayyar,...

Reliance Diverts Alok Industries into Making PPE; Cuts Down Cost to One-Third

The company has redeployed Alok Industries' manufacturing facilities in Silvassa, Gujarat for exclusively manufacturing personal protective equipment (PPE) to safeguard...

Seven out of 10 Most Valued Indian Cos Add Rs 1.76 L Crore in M-cap; HDFC Bank Shines

HDFC Bank's valuation zoomed Rs 61,612.11 crore to reach Rs 5,21,660.14 crore. The market capitalisation of ICICI Bank jumped Rs 26,487.04 crore to Rs 2,15,029.01...

FPIs Net Sellers for 3rd Straight Month in May; Pull Out Rs 7,366 Crore

As per depositories data, foreign portfolio investors (FPIs) infused a net Rs 14,569 crore into equities but pulled out a net Rs 21,935 crore from the debt segment...

Reliance Industries Launches 1st AI Chatbot to Assist Investors in Indian Stock Market

The AI-powered chatbot answers shareholders' queries on the Rs 53,125 crore rights issue, the largest in the history of India Inc, they said. from Top Business...

Centre Should Bear Expenses of All Centrally Sponsored Schemes for One Year: Sushil Modi to Sitharaman

He said the Centre should also bear the state's shares as most states are not in a position to give their share of Centrally Sponsored Schemes because of the crisis...

Yes Bank Acquires 24% Stake in Dish TV Post Invocation of Pledged Shares

Yes Bank Limited has acquired 44,53,48,990 equity shares of Dish TV India Limited constituting approximately 24.19 per cent of the post-issue paid-up share capital...

Will Place Draft E-commerce Policy in Public Domain For Comments Soon: DPIIT Secretary

DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years. He...

Gilead Sciences Seeks Marketing Authorisation from India for Potential Covid-19 Drug Remdesivir

This comes in the backdrop of two Indian pharmaceutical companies -- Cipla and Hetero Labs -- applying to the drug regulator seeking permission to manufacture and...

‘Sharpest Drop in Almost Every Economic Indicator’: Why the Worst is Yet to Come for India's GDP

The data for the first three months of the year doesn't fully capture the impact of a nationwide lockdown imposed in late March as authorities sought to stem the...

No Decision Taken on Setting Up Bad Bank: FinMin Official

Lenders have been making a case for setting up a bad bank to ease out pressure of bad loans on them in these difficult times. from Top Business News- News18.com...

IndiGo Appoints Venkataramani Sumantran as Independent Director

He serves as an adjunct professor at the Massachusetts Institute of Technology and is on several statutory and advisory boards in India, Europe and the US. from...

ED Attaches Assets Worth Rs 385 Crore of AgustaWestland Middleman Rajiv Saxena

The attachment pertains to two PMLA cases being probed by the central agency, the Rs 3,600 crore VVIP choppers case and the Moser Baer bank fraud case in which...

GDP Figures Running Commentary on Economic Mismanagement, Says Congress Leader Chidambaram

A massive contraction in manufacturing and construction activities pulled India's GDP growth rate down to 3.1 per cent in the last quarter of 2019-20 fiscal from...

SC Issues Notice to Tata Sons on Cross-appeal of Mistry Group Firm Against NCLAT Order

Mistry, the ousted chairman of TSPL, is seeking representation in the company in proportion to the 18.37 per cent stake held by his family, the cross-appeal said. from...

Global Regulators' Body Calls for Fair Disclosure by Listed Firms on Covid-19 Impact

In its May 20 circular on this issue, Sebi had said many listed entities have made COVID-19 related disclosures under existing regulations, primarily intimating...

GST Council to Meet Next Month, Finance Ministry Not in Favour of Raising Rates on Non-essential Items

The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council. from Top...

Singapore Supreme Court Dismisses Singh Brothers' Appeal Against HC Order

The Singapore Supreme Court has dismissed an appeal by erstwhile Ranbaxy Laboratories' former promoters Malvinder Singh and Shivinder Singh against . from Top...

Odisha Unveils Rs 17,000-cr Plan to Support Livelihoods of Farmers, Migrants Amid Economic Crisis

The plan will generate employment in sectors such as agriculture, fisheries and animal resources development, MGNREGA, forest, and handlooms and handicrafts. from...

India's GDP Growth Slows to 3.1% in January-March Quarter amid Coronavirus Crisis, FY20 at 4.2%

The GDP growth was recorded at 5.8% in the corresponding quarter of 2019-20. from Top Business News- News18.com https://ift.tt/2zzUt...

Core Sector Output Contracts by Record 38.1% in April due to Coronavirus Lockdown

The eight core sectors had expanded by 5.2% in April 2019, the data released by the Commerce and Industry Ministry on Friday showed. from Top Business News- News18.com...

Govt Hopeful that FM Nirmala Sitharaman's Relief Package Will Help Revive Economy Soon

The government, however, claims that with relaxations in Lockdown 4.0, which allowed more economic activities, the manufacturing sector has seen a spurt in many...

Madras High Court Issues Notices to Franklin Templeton MF, Sebi: Investors Group

A petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house. from Top Business...

Sensex Surges 224 Points, Nifty Tops 9,550-mark; ONGC Top Gainer With Jump of Over 5%

ONGC was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Auto, ITC, Sun Pharma, Nestle India, L&T, Maruti, UltraTech Cement and...

Amid Reports of Vodafone Idea Eyeing Stake in Google, Telco Says No Proposal Before Board Now

"As part of corporate strategy, the company constantly evaluates various opportunities for enhancing the stakeholders' value. As and when such proposals are considered...

Cadila Healthcare Shares Record 3 Percent Surge After EIR Report

The rise in the share came on the heels of the firm’s Baddi unit located in Himachal Pradesh getting an establishment inspection report (EIR) from the United States...

India, US Could Strike a 'Smaller' Trade Deal in Coming Weeks, Says Indian Envoy

Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine...

Travel Disruptions, Cost Cutting Key Issues for US Business in China: Report

Both US and European business groups are lobbying China to allow foreign workers back into the country after it shut its borders in late March to non-Chinese nationals...

Vodafone Idea Shares Rise by Nearly 30% Amid Reports of Telco Eyeing Stake in Google

Reacting to the reports, stock of the company rallied 29.89 per cent to Rs 7.56 on BSE. On NSE, it rose sharply by 25 per cent to Rs 7.25. from Top Business News-...

Sensex Drops Over 300 Points in Early Trade, Nifty Tests 9,400 Level Amid Weak Global Cues

Axis Bank was the top laggard in the Sensex pack, rising around 3 per cent, followed by IndusInd Bank, Bajaj Finance, Tata Steel, Infosys, HDFC twins and ICICI...

Wipro Names Capgemini's Thierry Delaporte as CEO to Replace Abidali Neemuchwala

Wipro said in January Neemuchwala had decided to step down due to family commitments. from Top Business News- News18.com https://ift.tt/3deuf...

MobiKwik Disappeared From The Google Play Store Because of Aarogya Setu Ads, But is Now Back

The MobiKwik app for Android phones does not have the Aarogya Setu app advert now. from Top Business News- News18.com https://ift.tt/2Aj64...

India's Economy Seen Slowing Rapidly in March Quarter, With Worse to Come

The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter. from Top...