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Thursday, July 16, 2020

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Non-life insurers get about 41,000 Covid-19 claims

Chennai, July 11 (IANS) A total of about 41,000 Covid-19 insurance claims have been lodged with the non-life insurers in the country with an estimated claim amount of about Rs 700 crore, said an industry official."About 41,000 Covid-19 claims...

Mastercard commits Rs 250 cr to support SMEs in India

New Delhi, July 9 (IANS) Mastercard on Thursday committed Rs 250 crore to help Indian small and business enterprises recover in view of the severe impact of the pandemic."Their dependence on the cash economy and supply chain disruptions have...

Yes Bank’s Rs 15K cr further public offering opens on July 15

Mumbai, July 9 (IANS) Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore.The FPO issue will open on July 15 and close on July 17. The anchor...

India will bounce back from COVID-19: Amitabh Kant

New Delhi (IANS) Noting the emergence of "green shoots" in the economy, NITI Aayog CEO Amitabh Kant on Tuesday emphasised that India will soon bounce back from the novel coronavirus or COVID-19 crisis.Citing examples of fast-moving consumer goods (FMCG),...

Asia markets slip as virus outbreaks mute hopes for rebound

Tokyo, Jul 7 (AP) Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high.Japan''s benchmark...

World Bank signed $750 million agreement with India to support MSMEs

The Finance Ministry stated that the central government and World bank has signed an agreement worth $750million to boost MSME(Micro, Small and medium enterprises) which have been severly hit due to Covid 19 Pandemic.The agreement is for the MSME...

70% startups hit by Covid-19, 12% shut: FICCI-IAN survey

New Delhi (IANS) The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit...

Cycle industry in the country is moving towards self-reliance: Hero Cycles CMD

July 5 (ANI): Pankaj Munjal, CMD Hero Cycles on Saturday said that the cycle industry in the country is moving towards self-reliance in a phased manner.He said the people were looking at Vietnam, Thailand, Taiwan for shifting manufacturing facilities...

Tata Group’s ready-to-eat food arm ‘Tata SmartFoodz’ to scale up business

By Rohit Vaid  (IANS) Notwithstanding the Covid-19 challenge, Tata Group''s ready-to-eat food biz is readying plans to scale up operations and enhance product portfolio to reach all the tier-I cities in the country.Tata SmartFoodz, a part of Tata Industries,...

India’s forex reserves rise by over $1.27 bn to $506.8bn

Mumbai (IANS) India''s foreign exchange reserves increased by $1.272 billion during the week ended June 26 to $506.838 billion from $505.566 billion reported for the week ended June 19, the RBI''s weekly statistical supplement said.India''s forex reserves comprise foreign...

Topics

Indian Economy

Corporate India’s capex outlay expected to contract by 20-26% in FY21: Ind-Ra

New Delhi, July 15 (IANS) Corporate Indias capex outlay would contract by 20-26 per cent in a year-on-year basis...

‘Aatmanirbhar Bharat’ is not about being closed to the world: PM assures global investors

New Delhi, July 9 (IANS) Inviting global companies and investors to India amid his government''s push for import substitution and a self-reliant India, Prime...

India seeing green shoots of economic recovery: PM

New Delhi, Jul 9 (PTI) Prime Minister Narendra Modi on Thursday said Indian economy has started seeing "green shoots" of recovery and that the...

India will bounce back from COVID-19: Amitabh Kant

New Delhi (IANS) Noting the emergence of "green shoots" in the economy, NITI Aayog CEO Amitabh Kant on Tuesday emphasised that India will soon...

World Bank signed $750 million agreement with India to support MSMEs

The Finance Ministry stated that the central government and World bank has signed an agreement worth $750million to boost MSME(Micro, Small and medium enterprises)...