The US on Tuesday included the India unit of Huawei along with its other foreign subsidiaries in its Entity List, as part of efforts to prevent the Chinese telecom company from doing business in America.
The labour ministry on Tuesday said employees can contribute more than the newly set limit of 10 per cent of basic wages to their provident fund (PF) for the next three months, but employers don't need to match the higher contribution.
Private sector lender HDFC Bank on Tuesday said it is increasing additional interest paid to senior citizens by 0.25 percentage point if they are willing to make a longer tenor deposit.
After more than 50 days, e-commerce companies like Flipkart, Amazon and Snapdeal were allowed to ship all items across the country (except containment zones).
Markets regulator Sebi has permitted mutual funds to make additional investment in government securities and treasury bills for corporate bond, banking and public sector undertaking, and credit risk funds, industry sources said.
Bajaj Finance on Tuesday reported 19 per cent decline in March quarter consolidated net profit at Rs 948 crore due to COVID-19 crisis. The company had registered a profit of Rs 1,176 crore in January-March 2018-19, according to a company statement.
Ecommerce platform Snapdeal on Tuesday resumed full services pan-India, covering over 26,000 pincodes, including those in the containment zones it used to serve pre-lockdown. The company also said it will be giving the cash-on-delivery options.
The rupee appreciated by 25 paise to settle at 75.66 against the US dollar on Tuesday as reports of initial success in COVID-19 vaccine trials boosted investor sentiment world over.
The Finance Ministry has extended the deadline for fulfillment of contractual obligations of all government projects, including public-private partnerships (PPP), which were due for completion on or after February 20, by up to six months in view of COVID-19 crisis.
Equity benchmark Sensex rose over 167 points on Tuesday led by gains in Bharti Airtel, HDFC and ITC amid positive cues from other Asian markets.After rallying over 700 points in a volatile session, the 30-share index finished 167.19 points or 0.56 per cent higher at 30,196.17.
Fiat India Automobiles Pvt Ltd (FIAPL) on Tuesday said Ranjangaon-based manufacturing facility, co-owned by it and Tata Motors, has resumed operations.
The Ministry of Labour & Employment has implemented new rules that allow for reduced employees' provident fund (EPF) contributions for three months till July. Here are key points to know about new EPF rules:
Moody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak.
Shares of Bharti Airtel on Tuesday zoomed 10 per cent after the company reported consolidated revenue of Rs 23,722.7 crore during the reported quarter on broad-based strength, with all segments registering healthy underlying growth.
Telecom operator Bharti Airtel on Monday posted a consolidated loss of Rs 5,237 crore in the fourth quarter ended fiscal year 2020, mainly on account of making provision for paying statutory dues.
In the previous session, the BSE barometer settled 1,068.75 points or 3.44 per cent lower at 30,028.98, while the broader NSE Nifty plunged 313.60 points or 3.43 per cent to 8,823.25.
Some airlines have started bookings for flights from June onwards, sources said on Monday amid commercial flight services remaining suspended till May 31 due to the nationwide lockdown. Commercial flights have been suspended since March 25 when the lockdown began to curb spreading of coronavirus infections.
More than 130,000 autoworkers returned to factories across the U.S. for the first time in nearly two months Monday in one of the biggest steps yet to restart American industry, while an experimental vaccine against the coronavirus yielded encouraging results in a small and extremely early test.
Food delivery platform Swiggy on Monday announced to lay off 1,100 employees spanning across grades and functions in the cities and head office over the next few days as Covid-19 continues to hurt its business.
Equity benchmark Sensex plunged over 800 points in opening session on Monday dragged by losses in banking stocks as the government''s fiscal stimulus package failed to revive confidence in domestic investors. After hitting a low of 30,265.67, the 30-share index was trading 731.91 points or 2.35 per cent lower at 30,365.82.
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