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coronavirus

Nifty, Sensex slip as virus cases spiral; consumer stocks drag

Markets

07 May, 2020

Nifty, Sensex slip as virus cases spiral; consumer stocks drag

Indian shares fell on Thursday led by consumer stocks, as coronavirus cases in the country continued to spike steadily despite ......

Coronavirus cases in India jump to almost 53,000, death toll nears 1,800

General

07 May, 2020

Coronavirus cases in India jump to almost 53,000, death toll nears 1,800

The number of coronavirus infections rose to 52,952 in India, up by 3,561 over the previous day, the health ministry ......

Zomato targets push into alcohol deliveries to cash in on lockdown

TMT

07 May, 2020

Zomato targets push into alcohol deliveries to cash in on lockdown

Indian food delivery company Zomato aims to branch out into delivering alcohol, according to a document seen by Reuters, as ......

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

TMT

06 May, 2020

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary ......

Sensex, Nifty gain on bank stocks' boost; focus on stimulus

Markets

06 May, 2020

Sensex, Nifty gain on bank stocks' boost; focus on stimulus

Indian shares rose on Wednesday on the back of a resurgence in banking stocks as markets awaited government stimulus measures ......

India third most expensive Asian market as stock valuations jump in April

Markets

06 May, 2020

India third most expensive Asian market as stock valuations jump in April

Asian equities valuations jumped to the highest since January at the end of April, following a sharp recovery in regional ......

Premium
GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Finance

06 May, 2020

GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Singapore sovereign wealth fund GIC Pte. Ltd shuffled several of its investments in India’s listed banking, financial services and insurance ......

Premium
How banks' credit growth slumped across sectors in the wake of coronavirus

Finance

06 May, 2020

How banks' credit growth slumped across sectors in the wake of coronavirus

In the last week of April, one month into the national lockdown, commercial banks parked more than Rs 7 trillion ......

Airbnb lays off 25% of workforce as coronavirus hits home rentals

TMT

06 May, 2020

Airbnb lays off 25% of workforce as coronavirus hits home rentals

Airbnb Inc is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, ......

Govt hikes taxes on petrol, diesel to boost revenue

Economy

06 May, 2020

Govt hikes taxes on petrol, diesel to boost revenue

India late on Tuesday increased its taxes and duties on petrol and diesel instead of passing on the benefit of ......