Amazon India on Wednesday announced that it has expanded its Packaging-Free Shipping (PFS) initiative to more than 100 cities in the country. PFS is a sustainable packaging solution in which customer orders are shipped in their original packaging without any additional packaging or significantly reduced packaging, it said in a statement.
Surrounded by concerns over privacy and security issues, video meet app Zoom has reported $328.2 million in revenue for its quarter that ended April 30, up 169 per cent (year-over-year) as more people join its platform in the social distancing times.
Bajaj Finance was the top gainer in the Sensex pack, rising around 6 per cent, followed by ICICI Bank, Axis Bank, IndusInd Bank, ONGC, Tech Mahindra and HDFC Bank.
Former finance secretary Subhash Chandra Garg on Tuesday said the Indian economy will shrink by 10 per cent or Rs 20 lakh crore in the ongoing fiscal, the first contraction in over 40 years, due to a "faulty" COVID lockdown.
The country's largest lender State Bank of India (SBI) has reduced interest rate on savings bank deposits by 5 basis points to 2.70 per cent per annum across all brackets.
Benchmark indices continued their winning run for the fifth straight session on Tuesday as staggered opening of the economy and the prime minister assuring of more support to the industry restored investor confidence.
InterGlobe Aviation IndiGo on Tuesday reported a loss of Rs 870.8 crore in the three months ended March.
Equity benchmark Sensex rallied 522 points on Tuesday led by gains in banking stocks as investors seemed to gather more confidence from staggered opening of the economy by the government.
Chinese brand Realme on Tuesday sold over 15,000 smart in less than 10 minutes on its first sale on both Flipkart and Realme.com, which is the fastest sale ever in the TV category on Flipkart.
Vodafone customers on Tuesday complained over an unexplained deduction of Rs 99 from their prepared accounts. Several Vodafone customers reported deduction of an amount of Rs 99 after which many of them took to Twitter to raise the matter.
Due to COVID-19 pandemic, mostly all sectors are going through a lack of work and production /manufacturing predicament which is leading to financial crisis and job loss in the country. From the last two months, we have seen that most of the companies have cut salary, done lay-offs or closed their production/work for the time being.
Equity benchmark Sensex jumped over 300 points in early trade on Tuesday, led by index-heavyweights Kotak Bank, HDFC, TCS and Reliance Industries amid positive cues from global markets.
Railways, which runs India's largest public transport network have found new technique to manufacture making PPE kits using stitching with hot air seam sealing tape for higher reliability.
India's drug regulator has granted US pharma giant Gilead Sciences marketing authorisation for its anti-viral drug remdesivir for "restricted emergency use" on hospitalised COVID-19 patients in view of the crisis posed by the pandemic.
"Liquor shops will now remain open from 9 am to 8 pm in Delhi," a government official said
IT major Wipro anticipates a decrease in its gross margins in the short-term due to lower demand for IT products and delay in customers' purchasing decisions, resulting from the ongoing COVID-19 pandemic, as per a regulatory filing.
CNG price in the national capital and adjoining cities on Monday was hiked by Re 1 per kg to make up for the additional cost incurred to keep stations coronavirus ready
Microfinance Institution Network (MFIN) on Monday said two companies have raised a total of Rs 170 crore during the COVID-19 pandemic, reflecting confidence in the sector
Honda Cars India Ltd (HCIL) on Monday reported a 96.72 per cent decline in domestic sales to 375 units in May amid the coronavirus-induced lockdown
The GST Council in its next meeting will discuss waiver of late fee for non-filing of GST returns for August 2017 to January 2020 period. In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said, "Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting."
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