A day after diesel Prices increased to extend its gain over petrol in Delhi, oil marketing companies decided to keep the pump prices of the two petroleum products unchanged on Thursday.
In the eventuality of another spell of a pan-India lockdown, the automobile sector will continue its downwards trajectory, which will seriously affect workforce and OEMs may have to further delay product launches and capex plans, CARE Ratings said in a report.
The Union Finance Ministry on Wednesday said that hand sanitizers are disinfectants like soaps, anti-bacterial liquids, dettol, which attract an 18% GST. It said that reducing the GST rate on sanitizers and other items would lead to an inverted duty structure and put domestic manufacturers at a disadvantage.
Indian airlines are staring at a revenue loss of Rs 1.1-1.3 lakh crore over three financial years, including the current fiscal, due to the coronavirus pandemic which has led to visa and travel restrictions, thereby severely affecting aviation industry across the world, according to a report.
The rupee appreciated by 27 paise to settle at 75.15 against the US dollar on Wednesday on expectations of foreign fund inflows and optimism over development of a COVID-19 vaccine.
The country's second-largest IT services major Infosys on Wednesday reported a 12.4 per cent rise in consolidated net profit to Rs 4,272 crore for June 2020 quarter.
Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay (LWP) for up to five years, according to an official order.
Equity benchmarks Sensex and Nifty surrendered most of the day's gains to end marginally higher on Wednesday following an intense sell-off in heavyweight Reliance Industries at the fag-end of the session.
Watch and jewellery maker Titan Company is expecting its businesses to be hit "very substantially" in the current financial year due to disruptions caused by COVID-19 pandemic.
Google will pick up 7.7 per cent stake in Reliance Industries' technology venture for Rs 33,737 crore, richest Indian Mukesh Ambani said on Wednesday.
Mukesh Ambani rolled out a series of big-bang announcements, including Google’s investment into Jio Platforms unit and development of an affordable smart phone in partnership with the search engine giant.
Covifor is the first generic brand of Remdesivir, which is meant for treatment of COVID-19 patients that are adults and children, hospitalised with severe symptoms of the disease.
Drug firm Zydus Cadila on Wednesday announced that it has started human clinical trials of its coronavirus vaccine candidate ZyCoV-D. In the phase of trials, the company will be enrolling over 1,000 subjects across multiple clinical study sites in India, it said in a regulatory filing.
Equity benchmark Sensex rallied over 400 points in early trade on Wednesday led by gains in index-heavyweights Infosys, Reliance Industries and TCS amid largely positive trend in global markets.
Reliance Industries, India's most valuable company, will hold its first online AGM today and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously.
After the government banned 59 Chinese apps in India, now the sword of damocles is hanging over apps like PUBG. In a meeting of the Standing Committee for Information Technology, parliamentarians pushed for a ban on apps including PubG. The meeting was headed by senior Congress leader Shashi Tharoor.
Huawei, the Chinese telecommunications giant, will be completely removed from the UK's 5G networks by the end of 2027, the UK government announced on Tuesday. There will be a complete ban on the purchase of any new 5G kit after December 31, 2020.
In view of the situation arising due to the COVID-19 pandemic, markets regulator Sebi on Tuesday extended the deadline till August 15 for sending public comments on a report on social stock exchange which allows for direct listing of non-profit organisations.
India’s richest man Mukesh Ambani's wealth has now surpassed the net worths of Silicon Valley tech titan Elon Musk as well as Alphabet Inc. co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
E-commerce giant Flipkart Group on Tuesday said it has closed a USD 1.2 billion funding led by Walmart, its majority stake owner. In 2018, Walmart Inc invested USD 16 billion for acquiring a 77 percent stake in the group.
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