Trade war deepens as Hong Kong, Chinese Customs hold back export consignments from India
Exporter associations have written to the Ministry of Commerce about Hong Kong and Chinese Customs holding back export consignments from India. File...
Day: June 25, 2020
US GDP fell at 5.0{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} rate in Q1; worse is likely on the way
The US economy shrank at a 5.0 per cent rate in the first quarter with a much worse decline expected...
Indians’ money in Swiss banks down 6{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in 2019; hits 3rd lowest in over three decades
Funds parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell nearly 6 per cent in...
Indian shares end lower in wake of IMF outlook, surge in coronavirus cases
The IMF on Wednesday evening predicted the Indian economy would contract by 4.5 per cent in 2020. File photo of...
Boycotting China needs time. Here’s what India can do
A tense situation prevails between India and China after the recent border clash at Ladakh’s Galwan River Valley, which led...
Hindujas in legal brawl: $11 billion and a letter by dementia patient | 10 points
Hinduja brothers are back in news. With roots in undivided India's Karachi (now in Pakistan), Hindujas became a formidable name...
Gold slips from near eight-year peak as Covid-19 surge drives cash hunt
A Saudi jeweller wearing a protective face mask arranges gold jewels at a jewellery store during the holy month of...
Real estate crisis deepens as housing sales plunge over 80{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in Q2 2020
India’s real estate sector is going through a serious crisis due to the economic shock triggered by coronavirus crisis. Housing...
Ready-to-eat popcorn to attract 18{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} GST, says Gujarat AAR
A bag of ready-to-eat popcorn will attract 18 per cent Goods and Services Tax (GST), clarified the Gujarat Authority of...
Frustration, fear and family: Covid-19 lockdowns test investment bankers
Lockdowns are sharpening the knives in the cut-throat world of M&A banking.Stuck at home, armed only with a phone and...
Historic low: IMF projects India’s GDP to contract sharply by 4.5{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in FY21
The IMF on Wednesday projected a sharp contraction of 4.5 per cent for the Indian economy in 2020, a "historic...
Markets open lower as IMF growth projection dents sentiment; Sensex down over 170 points
Domestic markets opened weaker on Thursday after the International Monetary Fund (IMF) said that GDP growth in India will contract...
Covid-19 impact: Australia’s Qantas airline to cut 6,000 jobs as virus hits
Qantas Chief Executive Alan Joyce speaks during a press conference in Sydney, Thursday, June 25, 2020. Qantas, Australia's largest airline,...
Apple, other US goods from China held up at key Indian ports: Report
Apple, Cisco and Dell products are among the goods from US companies being caught up in India’s border tensions with...
Diesel price crosses Rs 80 in Delhi after 19th consecutive day of fuel hike
Fuel prices were on Thursday hiked for the 19th straight day as part of daily revision by oil marketing companies...
Stressed under lockdown people now taking even low-paying jobs: CMIE chief
Employment numbers saw a marked improvement in the week ended June 21 but the primary reason behind it can be...
Covid-19 impact: With low investment and labour crunch, business in Unlock 1.0 suffers as virus cases continue to surge
Bhupender Narad owns a hardware store in Chandigarh's Sector 15. He regularly opens his store but there are no buyers....
Coronavirus pandemic sparks crisis like no other, global GDP to plunge 4.9{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} this year: IMF
The International Monetary Fund (IMF) on Wednesday laid out the unprecedented economic devastation caused by the novel coronavirus pandemic, as...
