The skyrocketing COVID-19 cases have stopped the revival in Surat’s synthetic textile hub. With nearly 215 daily new cases and the total tally at 6,313 along with 200 deaths has halted the business activity across the textile chain, right from spinning yarn to making garments. Besides, despite the rupee value...
India may impose anti-dumping duty on imports of Polystyrene from Iran, Malaysia, Singapore, Chinese Taipei, UAE, and the US in order to guard the domestic players from cheap imports made from these countries. Polystyrene is a foamy material and it is used in refrigerators and air conditioners to have a...
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...
ICICI Lombard hasbeen posted a 23.8 percent rise in March quarter profits at Rs 281.93 crore due to a reduction in underwriting losses as the private insurer’s premium income dropped both for the quarter and full financial year. The loss reduced about Rs 29.42 crore in Q4FY20 as compared...
Cure.Fit, a health, fitness and food start-up floated by former Flipkart and Myntra executive Mukesh Bansal and Ankit Nagori repectively laid off 1,000 people in India. As per the employee sources, the company had around 5,000 people in January this year. Cure.Fit has multiple branches such as Care.Fit, Eat.Fit,...
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...
Indian imports - The export of Indian goods to Bangladesh via the Petrapole border in West Bengal was halted on Wednesday following protests by the exporters in Bangladesh, an official of Federation of Indian Exporter Organisations (FIEO) said. India has allowed export of goods from Petrapole with Bangladesh on June...
Former RBI Governor 'Duvvuri Subbarao' on Sunday told the financial stimulus announced by the Centre on March 26 on account of lockdown for containing spread of Corona virus is "not sufficient" ;Maintaining that the combined fiscal deficit of the Centre and states may go up to 13-14 percent of...
Friday market highlights: The Sensex and Nifty continued their last day’s positivity and ended on a positive note for the last trading day of the week. The Friday session closed on a higher note mainly led by robust gains in financial stocks amid positive global cues. The Sensex stopped...
Tesla Inc. is an American electric vehicle company situateded in California. Recently Tesla shares stumbled after its CEO Elon Musk tweeted on Friday that the company's stock price was “too high”, triggering a free fall in stock prices. According to the report, Tesla shares fell nearly about 12% in...