Page 1637 - Coronavirus

Monetary policy: RBI lends helping hand to distressed retail borrowers

Under the scheme, a resolution plan for personal loans may be invoked till December 31 and will be implemented within 90 days thereafter

FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget

FY20 is being considered for a 'more realistic comparison'

Q1 results: 40% of corporate loans may require restructuring by banks

Firms that either reported operating losses or poor interest coverage ratio account for Rs 10.7 trn of debt

RBI monetary policy: Rates on hold amid uneasiness on inflation

The committee highlighted that inflation risks emanate from supply chain disruptions, high vegetable prices, increased taxes on fuels, and volatility in financial markets

Loan restructuring may only provide short-term respite to lenders

The measures will lower credit cost to some extent, but analysts are sceptical of asset quality of such loans

Tata Starbucks bullish on India despite hiccups: CEO Navin Gurnaney

The company's expansion plans for the country remain intact

Covid-19 pandemic expands the appetite for India's basmati exports

Exporters saw an unexpected demand surge as countries in West Asia rushed to build buffer stocks. But procedural problems could make it difficult to sustain the momentum

From one million to two million, India's Covid count doubles in 3 weeks

In this duration, the number of deaths rose from 25,000 to 40,000

Ups and downs of Indian video business: Covid-19 to hit revenue growth

The pandemic has accelerated the redrawing of the global media map

Jeff Bezos sells 1 mn Amazon shares worth $3.1 bn after fortune surges

The disposals, disclosed Wednesday in Securities and Exchange Commission filings, adds to a $4.1 billion sale earlier this year

Whirlpool profit before tax drops 92% to Rs 24.4 crore in June quarter

Its operating income fell by 48 per cent YoY to Rs 1,027 crore, from Rs 1,974 crore.

A non-monetary policy, par for the course

Rate cut off the table for now; focus is on other measures to ease stress in system

Apple shines amid coronavirus pandemic with $2 trn value on horizon

Factories in China reopened by March and Apple's hugely loyal customer base trust its products so much that they continued to buy iPhones and other devices online

Covid-19 crisis: Britain pauses on rate, sees unemployment at 2.5 million

BoE says downturn less severe than feared, avoids 'last resort' negative rates

Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales

Toyota's operating profit plunged 98 per cent to $131.73 million

Twitter, Facebook block Trump video, citing Covid-19 misinformation

The Trump re-election campaign's Twitter account, @TeamTrump, was briefly banned from sending new tweets after it posted a clip of an interview Trump did Wednesday with Fox News

Nearly 950,000 Indians returned from abroad under Vande Bharat Mission: MEA

"As on date, nearly 950,000 Indians have returned home under this mission. We are presently in phase 5 which was operationalised from August 1," he said

Monetary policy: Taming Covid-19 key to soften GDP fall, says RBI

High consumer inflation likely till September

India will play big role in post-Covid global economic recovery: Minister

Addressing an event, he said that India has set the tone for global collaboration to deal with the pandemic under the leadership of Prime Minister Narendra Modi.

Covid-19 impact: Timex Group India Q1 loss widens to Rs 12.42 cr

The company had posted a net loss of Rs 7 crore in the same quarter last fiscal, Timex Group India said in a regulatory filing