Shehzeen Khan
Business
Beacon of hope: Agriculture sector grows 3.7% amidst pandemic
Latest recorded data shows the country’s farming sector has coped very well with the COVID-19 crisis. The sector employs more than half of India’s population and is showing positive signs of growth of at least 3% in 2020-21. It...
Business
Odisha introduces 50% “COVID Fee” on liquor home deliveries
On Saturday, the Odisha govt allowed home deliveries of liquor. After introducing a 50% “COVID Fee” on all foreign liquor and beer, the government has permitted sales of liquor.
An officer said the existing ON and OFF shop licenses in...
Business
IRDAI issues guidelines for Amphan devastation claims
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a set of detailed guidelines for the processing of all cyclone Amphan-related claims. The guidelines keep in mind social-distancing norms that insurers and customers must follow.
The cyclone has...
Business
KKR’s $1.5 billion investment brings JIO Platforms valuation to $65 billion
The U.S. equity firm KKR has bought a 2.32% stake in Mukesh Ambani’s Reliance Jio Platforms. This is the fifth major deal that the Indian telecom operator has secured in just a few weeks.
On Friday, KKR announced its $1.5...
Business
Covid-19 : Non-essential retail awakens from its slumber after extended lockdown
In India's metro cities, mannequins and signboards are finally put up again. A familiar feeling of happiness takes over shopkeepers on Tuesday, as they begin preparations to welcome customers.
Retail awaits customers. Considering the piled-up losses and stocks, any business...
Business
Covid-19 impact : Tourism & hospitality industries begin layoffs
The travel, tourism and hospitality industries shall not receive help from the Government’s Rs 20 lakh crore package. Therefore, companies in these sectors have begun to lay off employees.
Due to the COVID-19 pandemic, the Federation of Associations in Indian...
Business
Lockdown causes motor insurance sales to drop by 50%
The Lockdown has caused a major drop in motor insurance, with sales falling buy almost 50% in April. The drop is estimated to be close to Rs 2621 crores in April, as reported by Times of India.
Other insurance categories...
Business
Covid-19 : HCL Tech not to cut salaries; will offer jobs to 15000 freshers
What may come as a relief to its 150,000 employees, HCL announces that it shall not cut salaries. The software services giant will also follow through with its pending promised bonuses. This comes as a happy surprise to employees...
Business
Foreign investors withdrew $26 billion from Asian economies during Covid-19 lockdown
An uncertain air of economic recession is taking over the world due to the COVID-19 outbreak. Markets around the world are faced with extreme economic challenges. Amidst this, foreign investors have decided to withdraw investments estimated to be worth...
Business
PSBs sanction loans worth Rs. 6.45 Lakh Crore in 2 months
Public Sector Banks sanctioned more than Rs 6.45 lakh crores in loans between March 1 and May 15, 2020. MSMEs, agriculture and retail received most of these loans, as banks distributed them to 54.9 lakh accounts, amidst the COVID-19...
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Isolation could nurture 1032 endemic species in Andaman and Nicobar, now at the expense of Country’s strategic goals
Andaman and Nicobar Islands is a whole new world out there.
Andaman and Nicobar Islands(ANI) is an intricate mesh of...
Gadgets
MediaTek launches Dimensity 700 5G SoC, Realme smartphone first to feature the chipset
MediaTek has launched Dimensity 700 chipset with 5G connectivity. The chipset is intended for mid-range smartphones. The chipset can handle 90Hz refresh rate displays...
Business
Lockdown to have deep impact on Maharashtra economy: Industry bodies
As it has been quite extensively reported, full-fledged lockdown can spell doom for the nascent Indian economy. Such claims are backed by the reports...
Gambling & Casinos
Macau govt. to introduce virtual currency to combat money laundering, tax evasion
Macau government is keen on introducing virtual currency to its market. Towards this end, the govt. is planning to amend its laws to regulate...
Gambling & Casinos
Crown Resorts receives modified proposal from Blackstone Group
The Blackstone Group, had on 22 March, sent an unsolicited proposal to the Crown Resorts with the intent to acquire all shares in the...