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Thursday, July 16, 2020

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IRDAI sets up group to find space for selling Surety Bonds

Chennai (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has set up a nine member working committee to look at the possibility of Indian non-life insurers offering Surety Bond to contractors.The IRDAI has set up the committee...

FM stresses on role of tax admin for ”Aatma Nirbhar Bharat”

New Delhi, July 1 (IANS) Finance Minister Nirmala Sitharaman on Wednesday said that the GST administration will have a major role to play in the objective of ''Aatma Nirbhar Bharat'' or self-reliant India and it must foresee the challenges...

India’s core industrial output plunges by over 23% in May

New Delhi (IANS) Output pace of India''s eight major industries plunged in May 2020 by over 23 per cent, official data showed on Tuesday.However, the rate of fall in the Index of Eight Core Industries decelerated on a sequential...

ONGC reports first-ever quarterly loss on impairment loss

New Delhi, Jun 30 (PTI) State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on the slump in oil and gas prices.India''s top oil and gas producer reported a...

37% online consumers look for ”country of origin” of goods: Survey

New Delhi, June 30 (IANS) As the government considers making it mandatory for e-commerce platforms to mention the ''country of origin'' of the products sold online, a survey by LocalCircles showed that 37 per cent consumers who shop...

Amazon India announces 20,000 seasonal jobs

New Delhi, June 29 (IANS) Amazon India on Sunday announced that it has opened close to 20,000 seasonal or temporary employment opportunities in its customer service organisation to ensure customers worldwide continue to have a seamless online shopping experience.The...

India’s oil imports see biggest drop in over a decade in May

New Delhi, June 28 (IANS) India is on its way to make its biggest savings in the oil import bill this year with Covid-19 related disruptions and sluggish demand conditions squeezing down the country's crude payments to a fourth...

Covid 19 to shrink India enterprise software market growth to 3.8% in 2020

New Delhi, June 27 (IANS) The disruption cased by Covid-19 would cause a significant decline in India''s enterprise software market this year, tapering down the growth to mere 3.8 per cent (year-on-year), a new IDC report said on Friday.The...

Amazon Pay ‘Smart Stores’ to empower local merchants in India

Bengaluru, June 27 (IANS) Amazon Pay on Friday launched Smart Stores feature in India where customers need to scan the store''s QR code using the Amazon app to begin exploring the products available within the store.The ''Smart Store'' feature...

Indian economy in deep trouble: S&P Global Ratings

New Delhi, Jun 26 (PTI) S&P Global Ratings on Thursday said Indian economy is in deep trouble with growth expected to contract by 5 per cent this fiscal."India''s economy is in deep trouble. Difficulties in containing the virus, an...

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)...