Thursday, April 15, 2021

Shehzeen Khan

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...

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...

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...

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...

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...

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...

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...

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...

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...

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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