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Business

RBI extends regulatory benefits under SLF-MF scheme to all banks

The Reserve Bank of India today extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support to the mutual funds under the Special Liquidity Facility for Mutual Funds SLF-MF scheme. Earlier in the week, the Reserve Bank had announced Rs 50,000-crore SLF-MF scheme to bailout the mutual funds facing […]

Business

Output of eight core infrastructure industries shrank by 6.5 % in March

The output of eight core infrastructure industries shrank by 6.5 percent in March due to fall in production of crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity amid the coronavirus lockdown. The eight core sectors had expanded by 5.8 per cent in March 2019. Production of crude oil dropped 5.5 percent; production […]

Business

Output of eight core infrastructure industries shrank by 6.5 % in March

Business

India Inc. staring at 10 pc revenue decline, 15 pc profits erosion in FY 21: Crisil

India Inc. is staring at a bleak and forgettable fiscal year 2021, which is likely to see a 10 percent fall in revenues and at least 15 percent erosion in profits due to the COVID-19 pandemic, domestic ratings agency Crisil said today. Crisil’s research wing said, loan servicing can become difficult as a result of […]

Business

India’s Gold demand falls 36 % between January-March: WGC

Gold demand in India fell 36 percent in the January to March quarter of this year, to 101.9 tonnes due to volatile prices, economic uncertainties and coronavirus-induced nationwide lock down towards the end of the quarter, according to a report by World Gold Council. According to the World Gold Council’s Quarter-1 Gold Demand Trends report, […]

Business

India needs to be cleverer in lifting lockdown: Former RBI Raghuram Rajan

Former Governor of Reserve Bank of India Raghuram Rajan today said that India needs to be cleverer in lifting lockdown and open up its economy in a measured way soon, as it does not have the capacity to support people across the spectrum for too long. He was deliberating on the economic impact of the […]

Business

Communications & IT minister exhorts electronics industry to explore new opportunities

Union Minister of Electronics and Information Technology Ravi Shankar Prasad has exhorted the Electronics Industry to explore the new opportunities that are arising out of the adversity and make the country a global hub of electronics manufacturing. During a meeting with Electronics Industry Associations, Chambers and prominent Industry players yesterday, Mr Prasad urged the electronics […]

Business

Indian industrialists, exporters should capture significant share in world trade post-COVID era: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in world trade. He assured them that NDA government will be a pro-active supporter and facilitator in their efforts, and […]

Business

(CII) India Business Forum interacts with Ambassador of India to China to discuss impact of COVID-19 on businesses

Confederation of Indian Industry (CII) India Business Forum organized a video interaction with Ambassador of India to China, Vikram Misri to discuss the situation arising out of COVID19 and it’s impact on various Indian businesses operating in China. Presentations were made by Indian business representatives from education, pharmaceutical, IT & IT services sectors. Mr. Misri […]

Business

Indian industrialists should take advantage of change in global supply-chains in post-Covid era: Piyush Goyal

Commerce and Industry Minister Piyush Goyal today said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in world trade. He assured them that NDA government will be a pro-active supporter and facilitator in their efforts, […]