NLC India starts mining coal in Odisha
NEW DELHI: Integrated lignite/coal mining-cum-power generation company NLC India Ltd said on Tuesday that it has started coal production at its mines in Odisha. In a regulatory filing, NLC India said that it has started coal production for the first time at the Talbira II and III mines in Odisha from April 26. Formerly called […]
Manmohan Singh to assist Punjab to revive post-Covid state economy
NEW DELHI: Former Prime Minister Manmohan Singh will assist the Congress government in Punjab to revive its economy once the Covid-19 crisis ends. “I had written to Dr Manmohan Singh ji to guide us along with a group of experts headed by Montek Singh Ahluwalia. I am grateful to him for accepting,” Chief Minister Amarinder […]
CII organizes virtual conference with speakers from across the globe
NEW DELHI: Confederation of Indian Industry (CII) organized the North India Virtual Conference on Reviving Growth in Challenging Time with the theme ‘Strategizing Businesses and Innovative Policy Reforms’ today over a virtual platform. The objective of the conference was to deliberate on the impact of Covid-19 and the emerging challenges and opportunities for the Indian […]
Asian Development Bank approves $1.5 billion to support India’s COVID-19 response
NEW DELHI: The Asian Development Bank (ADB) today approved a $1.5 billion loan to the Government of India to help fund its response to the novel coronavirus disease (COVID-19) pandemic, including support for immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the […]
Donald Trump says China could have stopped coronavirus, Beijing decries shifting of blame
WASHINGTON: U.S. President Donald Trump said on Monday that China could have stopped the coronavirus before it swept the globe and that his administration was conducting “serious investigations” into what happened. Trump’s criticism was the latest from his administration to target China’s handling of the coronavirus outbreak, which emerged late last year in the Chinese […]
Marks & Spencer strengthens liquidity to cope with coronavirus impact
LONDON: British retailer Marks & Spencer (MKS.L) said it was planning for a slow return to shopping and had taken steps to shore up its finances for 18 months, including scrapping next year’s dividend, to cope with the impact of the coronavirus crisis. The retailer said on Tuesday that its planning was based on it […]
South Korea says North Korea’s Kim Jong Un may be trying to avoid coronavirus
SEOUL:Fear of catching the coronavirus could have kept North Korean leader Kim Jong Un away from state ceremonies for a key holiday in mid-April, a South Korean minister said on Tuesday as speculation swirled over Kim’s whereabouts and health. The speculation erupted following Kim’s unprecedented absence from public ceremonies on the April 15 birth anniversary […]
The Guardians Real Estate Advisory locks sales worth Rs.318 crores in 1 day!!
NEW DELHI: The auspicious day of Akshaya Tritiya helped to generate sales worth Rs. 318 crores at 3 real estate projects for non-broking, home grown property consulting firm The Guardians Real Estate Advisory. A residential project in Thane, a commercial property called ‘The Gateway’ by The Wadhwa Group at Mulund and a high street retail […]
Maharashtra permits over 20,000 industries to open during lockdown
MUMBAI: The Maharashtra government has permitted as many 20,037 industries to open during lockdown and start working to gradually kickstart the economy, Industries Minister Subhash Desai said here on Monday. These include 6,589 industries which are in the essential services category which were permitted before April 27 and another 13,448 that were permitted in the […]
Gurgaon MNCs may have to work from home till July end, some real estate projects can resume work
NEW DELHI: MNCs, BPOs and IT enabled services (ITES) in Gurgaon may have to allow their employees to work from home till the end of July, says Gurgaon Metropolitan Development Authority CEO V S Kundu. Kundu, who is also additional chief secretary of Haryana, added that several real estate projects, including those of DLF, have […]
Over 1. 5 lakh Non-Resident Keralites register to return to Kerala
THIRUVANANTHAPURAM: Over 1.5 lakh Non-Resident Keralites (NRK)s, stranded in various countries, have registered online for returningto the state, once the Centre gives the nod and air services resume The Norka (Non Resident Keralites Affairs) department had commenced the registration process at around 6pm on Sunday and within an hour 25,000 had registered, government sources said. […]
Bus operators in West Bengal seek financial help from Nitin Gadkari
NEW DELHI: Two bus operators’ associations in West Bengal said on Monday that they have written to Union Minister Nitin Gadkari seeking a financial package for the passenger transport industry, which has taken a severe hit amid the coronavirus-triggered lockdown. Drawing attention of the Road Transport and Highways minister to the plight of thousands of […]
RBI announces Rs 50,000 crore special liquidity facility for mutual funds
NEW DELHI: The Reserve Bank of India (RBI) on Monday announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. In a statement, the central bank said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual […]
Covid-19 relief: CBDT starts inquiry on IRS officers for unsolicited report
NEW DELHI: The CBDT on Sunday said an inquiry is being initiated against 50 IRS officers of the I-T department who have penned an unsolicited report on revenue mobilisation to fund COVID-19 relief measures and made it public without permission. In a statement, the Central Board of Direct Taxes (CBDT), which is the apex policy […]
Team led by IIT Bombay student develops low-cost mechanical ventilator Ruhdaar
NEW DELHI: The Government of India has said that “the COVID-19 infection curve has begun to flatten and that the outbreak is under control”. According to the Health Ministry, among those getting infected, around 80% will experience only mild illness, around 15% will need oxygen support and the remaining 5% who get critical or severe […]
China says all coronavirus patients in Wuhan have now been discharged
SHANGHAI: The Chinese city of Wuhan, where the global coronavirus pandemic began, now has no remaining cases in its hospitals, a health official told reporters on Sunday. The novel coronavirus is believed to have originated in a wet market in Wuhan and first emerged in December before spreading quickly worldwide. Some 2.83 million people have […]