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Preparation under way by DRDO to set up a hospital with 500 beds equipped with ICU facilities for CVOID-19 patients near the airport in New Delhi.

Coronavirus | Govt. urges India Inc to help scale up COVID facilities

Special Correspondent Citing the example of temporary COVID care facilities set up by the DRDO in the capital, Corporate Affairs Secretary said companies can do the same in tandem with States

Back to square one: Securitisation volumes may get hit in Q1 FY22 as NBFCs will be more selective in lending.

Retail asset quality concerns re-emerge as cases surge: ICRA

Special Correspondent ‘If COVID case severity increases, microfinance, unsecured SME loans will be hit’

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COVID-19 impacts 82% of small businesses, shows survey

Special Correspondent ‘Market and credit access, productivity remain challenges’

Image for representative purposes only.

IBA suggests restricting banks’ business hours, staff rotation

Special Correspondent Doorstep banking should be encouraged, association says

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Ashok Leyland bets on LCVs, defence to grow

‘No debt recast if Future-RIL deal is done’

‘Supply issues, curfews hit deliveries’

Life insurers’ FY21 first year premium rose 7.49%

IBA suggests restricting banks’ business hours, staff rotation

COVID-19 impacts 82% of small businesses, shows survey

Retail asset quality concerns re-emerge as cases surge: ICRA

‘If COVID case severity increases, microfinance, unsecured SME loans will be hit’

‘India to grow 11%, lockdown impact a risk’

In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy

Coronavirus | Govt. urges India Inc to help scale up COVID facilities

Citing the example of temporary COVID care facilities set up by the DRDO in the capital, Corporate Affairs Secretary said companies can do the same in tandem with States

India's gas output to jump 52% by 2024 led by ONGC, Reliance-BP

The increase in production augments well with the government plans for raising the share of natural gas in the country's energy basket

Sales of EVs in India fell 20% in FY21 to 2,36,802 units: SMEV

“A good thing has happened that people have started moving towards advanced lithium ion batteries,” says SMEV Director.

Oil slips as India’s COVID surge dents outlook

Key importer reports record deaths

Fundraising via bonds jumped 14% in FY21

Low rate, liquidity aid private placement

Home-buying budgets rose post-pandemic, says survey

As many as 57% of the respondents said homebuyers had increased their budgets

Exporters fret over delay in rebate rates

The RoDTEP scheme came into effect on Jan. 1 but lack of clarity is hampering sector’s ability to price

Wait and watch, FM tells industry on second wave

‘Govt. with industry in fighting COVID’

Customs duty waive off on Remdesivir will further augment domestic availability: Sadananda Gowda

The Minister had earlier asked the State governments to take strict action against anyone found indulged in black marketing or hoarding of Remdesivir.

Hero MotoCorp to temporarily shut down manufacturing operations due to rising cases

Amid a record number of new COVID-19 cases in the country, India’s largest two-wheeler maker Hero MotoCorp on Tuesday announced temporary suspension

DBS, others mull bids for Citi’s business

Banks including DBS Group, Mitsubishi UFJ Financial Group, OCBC and Standard Chartered are set to bid for parts of Citigroup’s consumer business in

Government withdraws customs duty on imports of Remdesivir

A notification to this effect was issued by the Finance Ministry on Tuesday.

Citibank tells Indian retail customers it's ‘business as usual’

As part of this strategy the financial services company plans to exit the credit card, retail accounts and mortgage (home loan) business in India

Need complete trust between industry, govt to sustain growth amid COVID-19 situation: Nirmala Sitharaman

“During this ongoing second wave, look at the steps which we have taken. Revival will continue to happen,” said Finance Minister Nirmala Sitharaman

Bharat Biotech ramps up Covaxin production capacity to 700 mn doses per annum

The capacity was earlier pegged at 200 million doses a year.

Serum hails financial aid from govt to ramp up Covid-19 vaccine production

Sources said the finance ministry has relaxed rules to allow advance payment without bank guarantee to help the vaccine makers ramp up production.

Twitter to expand engineering team in India

The microblogging platform said it planned to ramp up its team across engineering, product, research and design, while also announcing the appointment of Apurva Dalal as Director of Engineering.

Closure of economic activity will lead to permanent closure of businesses, job losses: RAI

“Shutting down non-essential or non-food retail and malls is not the solution,” says RAI CEO Kumar Rajagopalan.

HCL Tech wins order from UD Trucks

HCL Technologies on Monday said it had signed a multi-million dollar digital transformation and hybrid cloud contract with Japanese commercial vehicle

Sugar demand falters in peak season due to virus curbs

‘Prices fell 0.8% in 2019-20 because of lockdowns’

Auto firms fear impact of COVID-19 on sales

‘Cases, buyer sentiment hit order flow’

‘Recovery in fuel demand may be hit’

Diesel, petrol, jet fuel and LPG demand all declined in the first half of April from a month earlier and the trend is likely to worsen in the second half with more states imposing restrictions.

Over 50% of adults don’t know how to protect themselves from cybercrime: survey

The findings come in the backdrop of 59% of adults in India becoming victims of cybercrime in the past 12 months.

L&T completes 75 years of construction, mining machinery business

The business has supplied over 60,000 units of various equipment in the country

52% Indian adults don’t know how to protect themselves from cybercrime: survey

As per the research 7 in 10 Indian adults (70%) believe that remote work has made it much easier for hackers and cybercriminals to take advantage of people

Toyota to review climate stance as investors turn up the heat

The car maker came under scrutiny after siding with the Trump administration in 2019 in a bid to bar the state of California from setting its own fuel efficiency rules.

India's electric vehicles face practical, technical hurdles

EVs are a rarity in India, where more than 300 million vehicles, most of them scooters and three-wheel motorized rickshaws, jam the highways

India may build new coal plants due to low cost despite climate change

Coal's contribution to electricity generation in India fell for the second straight year in 2020.

Is compensation received for land acquired by govt. taxable?

TDS deducted by your client is different from your tax liability.

Are you an investor doing fundamental analysis?

It is generally argued that a trader has a short-term outlook whereas an investor has a long-term outlook.

Reap more than you sow

Interest rates on guaranteed return products are better than those on fixed deposits

India to become No 1 EV maker in world: Nitin Gadkari

The government wants to encourage automakers to introduce flex-fuel engines in India and he is in the final discussion with manufacturers, says the Union Minister

Covid-19 | AirAsia India not to charge any fee for changes made on tickets booked till May 15

It has announced the offer to give passengers flexibility amid "increased uncertainty and travel restrictions".

Irdai imposes ₹51 lakh penalty on four insurers

Group of firms includes SBI General Insurance Company that has been fined ₹25 lakh.

COVID-19 hits passenger vehicle exports; shipments tumble 39 % in FY21

Industry tried its best to catch up in the second half of the fiscal.

The Hindu Explains | How will the U.S. Supreme Court verdict in the Oracle vs. Google case affect the software industry?

What is fair use? How did the court decide that Google’s action came under the ambit of fair use?

SpiceJet eases free change norm to 5 days

SpiceJet on Saturday said passengers will not be charged any fee for changing the date or time on their tickets at least five days prior to the date

PLI scheme for ACs, LED lights to exclude ‘mere assembly’

DPIIT’s norms prioritise production of basic components

HDFC Bank posts 16% rise in Q4 net profit at ₹8,434 crore

The private sector lender had registered a net profit of ₹7,280 crore in the corresponding quarter a year ago.

‘Pharma exports grew 18.7% in FY21’

Pharmexcil says best performance of $24.4 bn came amid global contraction

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