The government has announced a new Public Sector Enterprise policy that will open up all the sectors for the private sector while the public sector enterprises will play an important role in the defined areas. The new policy will broadly categorise strategic sectors. The government will notify a list of...
IndiGo denied that it was seeking to acquire Virgin Australia. The Australian Financial Review reported on Monday that it was putting together a proposal to bid for the bankrupt airline. IndiGo has not formulated any such proposal and neither does it have any interest in this matter, the airline told...
The Confederation of Indian alcohol Companies has urged the ten states for allowing sale of alcohol ic beverages by saying that a blanket ban during the lockdown to contain corona virus has resulted in sale of illicit and spurious liquor while causing burden on exchequer. The body noted that the...
Pointing out that even during earlier challenging times when entrepreneurs showed far-sightedness and creativity, industrialist Ratan Tata today told the coronavirus crisis will also force entrepreneurs to adapt and create. Ratan Tata, chairman emeritus of Tata Sons, said in a social media post - "It can all start on a...
Tesla has not been given the green light to open factory in Fremont, Calif. Alameda County Health Officer Dr. Erica Pan said in a videostreamed town hall meeting on Friday. Tesla made a plan to open as early as Friday in defiance of the county’s extended stay at home...
The Tamil Nadu govt. has set up a high level committee headed by former RBI Governor and former Chairman of the Prime Minister's Economic Advisory Council, C Rangarajan. The committee which is comprised of economists and as well as industry experts will assess the overall immediate and med-term impact...
ICICI Bank ;the largest private company of country, on Saturday reported 26% rise in its net profit at ₹1,221Cr for the quarter by March 31 2020. The lender's net profit in year ago period was ₹969 Crore. The lender missed the average estimate of ₹3,510.50 crore made by 16...
India’s fuel demand growth can return to normal levels by mid-May as the nation take steps to end a lockdown aimed at stemming the spread of corona virus. Fuel demand growth in India plunged to historic lows in April, provisional data shows, as the country’s eight-week long lockdown badly...
Unemployment : Since the pandemic situation began, the US has suffered its worst growth numbers in a decade and the worst retail sales report on record. Just about two months ago, the unemployment rate was at 3.5%, a 50-year low. Economist Erica Groshen the former head of the government's...
The Union Ministry of Defence on Friday, 8 May signed a deal with Tata Power Strategic Engineering Division (SED) worth Rs 1,200 crore to modernise infrastructure af 37 airfields for the 'Indian Air Force' (IAF), Indian Navy and Indian Coast Guard (ICG). This proposal was approved by Defence Minister...