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India’s sovereign rating to remain unchanged despite pandemic impact: S&P

Special Correspondent Health crisis may lower growth, it says

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‘Indian offshore model will dominate IT scene for a decade’

Mini Tejaswi Firms in India are ‘pandemic winners’; prices trend lower

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Non-life insurers get health boost in April

Special Correspondent Private life insurers post 55% growth

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SEBI notifies relaxed rules for listing start-ups

PTI The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued on Wednesday.

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‘Indian offshore model will dominate IT scene for a decade’

Non-life insurers get health boost in April

HDFC sounds caution on economy, Q4 net jumps

India’s sovereign rating to remain unchanged despite pandemic impact: S&P

SEBI notifies relaxed rules for listing start-ups

TRIPS waiver for COVID-19: WTO chief urges proponents to submit revised proposal soon to start talks

WhatsApp scraps May 15 deadline for accepting privacy policy terms

WhatsApp had faced severe backlash over user concerns that data was being shared with parent company Facebook.

India holds up wireless approvals for China-made devices, delaying launches

The Communications Ministry's Wireless Planning and Coordination (WPC) Wing has withheld approval since at least November, according to the sources, who were familiar with lobbying efforts by firms seeking clearance

North American auto companies buying more robots to keep up with demand

Companies ordered 9,098 robots in the first quarter, a 19.6% increase over a year ago, according to the Association for Advancing Automation, an industry group based in Ann Arbor, Michigan. The orders were valued at over $466 million in total.

Cognizant Q1 net climbs 37.6% on digital growth

‘Revenue to grow 7-9% in 2021’

‘COVID wave may hit energy demand in first quarter’

Low-base effect may lead to y-o-y growth: Ind-Ra report

Drugmakers say Biden misguided over patent waiver

U.S. President supports waiving intellectual property rights for COVID vaccines

‘HCL Tech plans to recruit more freshers than lateral hires’

Company is looking for people with new-age skills: Apparao

Second wave of COVID-19 has hit India 'like a tsunami' says Kiran Mazumdar Shaw

“If India is not safe, I can tell you the world is not safe.”

NPA account of Saravana Stores declared as fraud: Indian Bank

Indian Bank on Wednesday said it had declared the NPA account of Saravana Stores with an outstanding balance of ₹231 crore as ‘fraud’.“We have to

CCI orders probe against Tata Motors

The Competition Commission of India (CCI) has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to

Tata Steel is back in black, nets ₹7,162 cr.

Tata Steel on Wednesday posted a consolidated net profit of ₹7,161.91 crore for the quarter ended March, mainly on account of higher income. The

Textile exports fell 13% in FY21 on COVID-19 impact

‘Ready-made garments declined 20.78%’

Air passenger traffic slid 29% in April: ICRA

‘Passenger numbers back at Oct. level’

Facing chips shortage, Biden may shelve blunt tool used in COVID fight

The official said the administration is pushing chips usersand producers to increase transparency by improving the capacityto forecast demand and generating better information on howchips are moving through supply chains to end users

SpiceJet's freighter arm airlifts 3,100 oxygen concentrators from Beijing

Budget carrier SpiceJet's freighter arm on Wednesday airlifted 3,100 oxygen concentrators from Beijing.The airline used its B767 and A330 wide-body

U.S. sanctions may spur Adani to exit Myanmar

Ports firm had won a terminal project

Foxconn, Dell apply for PLI under IT hardware

Output may be worth ₹1.6 lakh crore

Govt. gives TSPs nod for 5G trials; Chinese tech giants left out

TSPs tied up with OEMs Ericsson, Nokia, Samsung, C-DOT.

Air India has airlifted 190 tonnes of medical equipment from various countries in 10 days

Air India on Tuesday said it has airlifted over 190 tonnes of medical equipment from various countries, including Germany, the US, the UK and

Chipmaker TSMC eyeing expansion of planned Arizona plant

TSMC, the world's largest contract chipmaker, announced in May 2020 it would build a $12 billion factory in Arizona.

Arrange vaccination, else we’ll stop work: Air India Pilots

One of the pilots’ unions of Air India on Tuesday threatened to stop work if the airline failed to organise vaccination camps for them on a priority

RBI imposes ₹3 crore penalty on ICICI Bank

A penalty of ₹3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday. The RBI

'Speculative excess': ethereum finds new peak in sizzling crypto market

ETH hits new record of $3,457, ETH/BTC at nearly three-year high.

Profit at Kotak Mahindra jumps 35%

Kotak Mahindra Bank on reported a 35% jump in its consolidated net profit for the January-March quarter to ₹2,589.3 crore on core income growth, and

CII’s Kotak urges firms to voluntarily curtail operations

‘Safeguarding lives is the highest collective national priority’

Rabi Sankar takes charge as RBI Dy. Gov.

T. Rabi Sankar on Monday assumed office as a Deputy Governor of the Reserve Bank of India. Mr. Sankar, who was an executive director prior to his

IDBI Bank back in black in FY21 after five years

Lender posts a profit of ₹1,359 crore

‘OPEC share slid as India’s oil imports shrank 11.8%’

Country bought more U.S. crude: trade

Ashok Leyland scales down production as demand dips amid COVID-19 surge

With a surge in COVID-19 cases across the country, various auto companies have either taken a temporary break from production or have scaled down manufacturing.

Pfizer donates $70 mn worth COVID-19 treatment drugs to India

“We are deeply concerned by the critical COVID-19 situation in India, and our hearts go out to you, your loved ones and all the people of India,” says Pfizer Chairman and CEO Albert Bourla

TSMC says can catch up with auto chip demand by end June

Taiwan, home to a booming semiconductor industry, is front and centre of efforts to resolve that problem, and its chipmakers have vowed to ramp up capacity

Indian-origin billionaire businessman Vinod Khosla pledges $10 mn for oxygen supply in India

Taking to Twitter, 66-year-old venture capitalist Vinod Khosla said that there was a need to save lives as further delay may end up in more deaths.

Natco gets CDSCO nod for emergency use of Baricitinib tablets for COVID-19 treatment

Baricitinib in combination with Remdesivir, is used for treatment of COVID-19 positive patients, the Natco Pharma said

CII president calls for stringent lockdown

The requirement for hospital beds, oxygen and medicines will continue to escalate at the current pace of the pandemic. says industry body.

India’s merchandise exports in April touch $30.21 billion

Trade deficit for first month of 2021-22 stands at $15.24 billion

Cotton production estimated to be lower at 360 lakh bales

The Committee on Cotton Production and Consumption expects production during the current season (October 2020 to September 2021) to be at 360 lakh

Power consumption grows 41%

Power consumption grew 41% in April 2021 to 119.27 billion units (BU) over the same month last year, showing robust recovery in industrial and

Jump in COVID cases hits India’s April fuel demand

Analysts see a sharper slump in May

Major auto cos log subdued sales in April amid COVID-19

However, Mahindra & Mahindra along with Honda Cars India posted sequential growth in their passenger vehicle sales last month.

CPCB identifies 30 industries to increase production of medical oxygen

‘Efforts have begun to modify nitrogen plants for the production of medical oxygen’

SBI cuts home loan interest rate to 6.7%

State Bank of India (SBI) has announced lower interest rates on home loans, starting from 6.7% for loans up to ₹30 lakh.The lender will charge 6.95%

RIL ramps up production of liquid medical oxygen, augments tankers for faster supplies

We have supplied over 55,000 MT to various State governments free of cost, it says

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