‘Economic revival may take 6 months’
India will emerge stronger from multiple crises of economy, pandemic and super cyclone in the next 6-9 months, say industry leaders, based on the resilience shown by people, businesses and the Government. The telecom and information technology will be key to survival and revival of lives and economy, said the business...
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RBI slaps Rs 4 crore penalty on Citibank
31 May 2020 | IANS -
RAI welcomes Govt decision to allow malls, shopping centres to resume
31 May 2020 | PTI -
Govt decision to open shopping centres from Jun 8 will help ease pressure: SCAI
31 May 2020 | PTI -
NHAI plans to develop model stretches in every State
31 May 2020 | IANS -
Amid lockdown, Hyundai Motor India exports over 5K units
31 May 2020 | IANS -
Yes Bank acquires 24 pc stake in Dish TV
31 May 2020 | PTI -
IDBI Bank posts Rs 135 cr profit in Q4
31 May 2020 | PTI
India’s forex reserves rise by over $3 bn
India’s foreign exchange reserves rose by over $3 billion during the week ended May 22. According to the RBI’s weekly statistical supplement, the overall forex reserves increased to $490.044 billion from $487.039 billion reported for the week ended May 15. India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing...
FSSAI launches new online platform to issue licence, registration to food businesses
Food regulator FSSAI on Saturday said it has launched a new online platform for granting licenses and registration to food business operators (FBOs) as well as regulatory compliances. Since 2011, the FSSAI’s online licensing platform FLRS (Food Licensing and Registration System) has issued 70 lakh licenses/ registrations till date. Over 35...
FPIs net sellers for 3rd straight month in May; pull out Rs 7,366 cr
Overseas investors remained net sellers for the third consecutive month in May, pulling out Rs 7,366 crore from the Indian capital markets as they stayed risk averse amid the COVID-19 crisis. As per depositories data, foreign portfolio investors (FPIs) infused a net Rs 14,569 crore into equities but pulled out a...
Indian economy on course for full-year contraction: DBS
The Indian economy is on course for a full-year contraction this fiscal, as recovery prospects from COVID-19 related disruptions remain "clouded", according to DBS Bank India economist Radhika Rao. The comments came amid the release of key data that showed India's GDP growth tumbling to 3.1 per cent in the March...
Trai says not recommended 11 digit mobile numbering plan, 10-digit numbers to continue
Telecom regulator Trai on Sunday said it has not recommended 11 digit mobile numbers but only suggested prefixing '0' when mobile numbers are called from landlines. The recommendation on prefixing '0' for calls from fixed line to mobile numbers will generate 2,544 million additional numbering resources for mobile services to cater...
Protests over Floyd’s death overwhelm US authorities again
Fires burned unchecked and thousands protesting the police killing of George Floyd ignored a curfew as unrest overwhelmed authorities for another night in Minneapolis, and the Governor acknowledged on Saturday that he didn’t have enough manpower to contain the chaos. The new round of tumult — which has also spread to...
Trump walks back his incendiary Minneapolis ‘thugs’ tweet
President Donald Trump has tried to walk back his post-midnight “thugs” tweet about Minneapolis protesters that added to outrage over the police killing of a black man. Trump’s repeated condemnation of the killing and outreach to the man’s family was a marked change in tone from his earlier comments that also...
