by pallanus | Jul 8, 2020 | Business News
Global stocks faltered on Wednesday, losing momentum after a five-day rally, as an increase in new coronavirus cases in some parts of the world undermined prospects for a quick economic recovery. Oil prices fell on oversupply fears. Frankfurt, Paris and London all...
by pallanus | Jul 8, 2020 | Business News
The outlook for the global labour market in the second half of 2020 is “highly uncertain” and the forecast recovery will not be enough for employment to return to pre-pandemic levels this year, the ILO said last week. International Labour Organization (ILO)...
by pallanus | Jul 8, 2020 | Business News
India’s rupee has the backing of a healthier trade account, steady foreign investment inflows and a return in global risk appetite, but its gains are being limited by a central bank keen to prevent wild swings and build dollar reserves. The Reserve Bank of India’s...
by pallanus | Jul 8, 2020 | Business News
The company’s Indian arm in May said it would hire 50,000 temporary workers to meet a surge in online shopping in the country. Amazon.com Inc, which competes with Walmart Inc’s Flipkart in India, has also been expanding its seller network in the country. (Photo:...
by pallanus | Jul 8, 2020 | Business News
The public lender said it is reducing Marginal Cost-based Lending Rate (MCLR) by 5-10 basis points to 6.65 per cent for short-term loans from July 10. SBI said that the reduction in three-month MCLR is in line with its External Benchmark-based Lending Rate. (Photo:...
by pallanus | Jul 8, 2020 | Business News
Most homebuyers are angry with delay in completion of projects and builders are worried. They claim that they have less than 50 per cent labours working at sites and that is leading to a delay. The slump in construction work is leading to delay in possession of...
