New Delhi: The Congress on Wednesday alleged the Modi government had destroyed public sector banks and other financial institutions in India to mess up the $2 trillion banking sector and was also protecting wilful loan defaulters. Pointing out that Prime Minister Narendra Modi had met with CEO and other top executives of India's banking sector...
Mumbai: As economic uncertainty continues in the wake of the rising number of coronavirus cases, gold futures on the Multi-Commodity Exchange (MCX) has touched a new high and neared the Rs 50,000 per 10 gram mark. The August contract on MCX earlier in the day surged to a new high of Rs 49,996 per 10...
New Delhi: Trade unions of national carrier Air India have termed the airline's new ‘leave without pay' scheme as akin to illegal lay-off. Accordingly, the Joint Action Forum of Air India Unions strongly opposed the new scheme in a letter to Civil Aviation Minister Hardeep Singh Puri. "We are indeed shocked that the management of Air...
New Delhi: Prime Minister Narendra Modi has called upon the US industry to take advantage of the scale, opportunities and recent reforms in India by investing in sectors as diverse as space and healthcare. Addressing the India Ideas Summit hosted by the US-India Business Council via video conferencing, Modi said that there has never been...
New York: Austrian World No. 3 Dominic Thiem said that the restrictions that are in place for players in this year's US Open makes it extremely risky to participate in the Grand Slam. The US Open is set to be held from August 31 to September 13 amid a slew of restrictions on player movements...
New Delhi: With investors looking at safer assets amid the COVID-19 pandemic, investment in gold is likely to make up for the fall in consumption demand for the precious metal, as per a report by the World Gold Council (WGC). The report titled 'Gold Mid-Year Outlook 2020' noted that in the current global economic environment,...
New Delhi: Technology giant Google has joined the bandwagon of marquee investors betting on Reliance Industries' (RIL) Jio Platforms as it comes in with an investment of Rs 33,737 crore. Addressing the Annual General Meeting of RIL, Chairman Mukesh Ambani on Wednesday said that with the investment, Google would pick up 7.73 per cent in...
Brussels: The European economy will face a "deeper recession" than previously predicted due to the prolonged containment measures on the Covid-19 pandemic, the European Commission has said in its "Summer 2020 Economic Forecast". The 19-member eurozone economy is projected to contract by about 8.75 per cent in 2020 before recovering at an annual growth rate...
New Delhi: Consensus is building within the government that e-commerce players like Flipkart, Amazon will have to indicate the country of origin of the product on their merchandise. DPIIT under the Ministry of Commerce and Industry is likely to tell e-commerce companies that it would be mandatory to provide information about the product on their...
