More than 150 million people may fall into extreme poverty throughout the world by 2021 as a result of the economic contraction caused by the novel coronavirus pandemic, the World Bank said in a report on Wednesday.
The newly-constituted Monetary Policy Committee (MPC) of the Reserve Bank began its three-day deliberations on Wednesday, amid expectations that the central bank will maintain status quo on the benchmark lending rates in view of hardening inflation.
The newly-appointed Chairman of State Bank of India (SBI) Dinesh Khara on Wednesday said maintaining quality loan book, safety of employees and customers will remain his top most priorities. Khara, who took charge on Wednesday, said the bank will continue to strive for even better customer experience.
The government on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI), it said in a notification. Rao is currently an Executive Director with the central bank.
In a move to shift towards work from home practice, Beverages maker Hindustan Coca-Cola Beverages (HCCB) on Wednesday said it has introduced an option of permanent work-from-home for its employees whose physical presence in the office is not required as part of a new policy.
In a welcome development for business, movie watchers, the Delhi government on Wednesday permitted reopening of cinemas, theatres and multiplexes with up to 50 per cent of their seating capacity from October 15.
TCS will buyback 5.33 crore shares worth Rs 16,000 crore. This is first buyback programme by the country's largest IT major in the current fiscal.
Aditya Puri, HDFC Bank Chief Executive Officer (CEO) and Managing Director, in an attempt to boost the morale of its employees, assured them that their jobs, bonuses and increments are secure.
Amazon India on Wednesday said it has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to provide their customers with the facility to book reserved train tickets on its platform.
The Ambani family has donated Rs 5 crore to Uttarakhand Chardham Devasthanam Board to help it tide over financial losses suffered by it amid the coronavirus lockdown.
Thanks to the pandemic, the country has become the global leader in real-time financial transactions with 41 million transactions per day, which is more than double that of the last year, says an international report.
Gold prices plunged Rs 694 to Rs 51,215 per 10 grams in the national capital on Wednesday amid rupee appreciation, according to HDFC Securities.
The Enforcement Directorate (ED) on Tuesday said it has arrested the CFO and internal auditor of Cox & Kings Group in connection with the Yes Bank case.
Equity benchmark Sensex rallied 304 points on Wednesday, tracking gains in index-heavyweights Reliance Industries, HDFC twins and Infosys.
Urban Company on Wednesday introduced an initiative under which employees can take unlimited sick leaves in case they are suffering from any form of mental or physical illness. The tech-enabled home services company announced its mental health leave policy, ahead of the World Mental Health Day on October 10.
Work on Jewar airport could begin soon as the Noida International Airport Limited (NIAL) and Zurich Airport International AG on Wednesday signed a key agreement.
Employees in India are facing increased burnout due to lack of separation between work and personal life as well as concerns of contracting COVID-19, a report said on Wednesday.
On the basis of the report filed by Grant Thornton, the administrator has filed application against Kapil Wadhawan, Dheeraj Wadhawan, Aruna Wadhawan, Wadhawan Global Capital Limited, the ICD entities and certain other entities claiming the amount from them along with the interest for the remaining period.
Close to one third of workers in India cited increased rates of burnout over the past six months, according to Microsoft's latest ‘Work Trend Index' report.
Shares of Reliance Industries Ltd on Wednesday gained over 4 per cent after Reliance Retail Ventures Ltd raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA).
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