Category: Business

Global economy could shrink by 1% in 2020 due to COVID-19 pandemic

United Nations, April 2 (SocialNews.XYZ) The global economy could shrink by up to 1 per cent in 2020 due to…

6 years ago

Banks to recycle inward currency notes only after 48 hours on corona threat

New Delhi, April 2 (SocialNews.XYZ) As the corona pandemic turns multifaceted, concerns are arising over the use of currency notes…

6 years ago

Bharat Electronics revenue grows 6% in 2019-20

Bengaluru, April 1 (SocialNews.XYZ) State-run Bharat Electronics Ltd (BEL) on Wednesday reported 6 per cent annual growth in sales turnover…

6 years ago

Apparel export industry will perish without special package: AEPC

New Delhi, April 1 (SocialNews.XYZ) The Apparel Export Promotion Council (AEPC) on Wednesday asked the Prime Minister for immediate support…

6 years ago

Covid-19 crisis may increase stress on Indian banks: Report

New Delhi, April 1 (SocialNews.XYZ) The coronavirus crisis is likely to increase the stress on the Indian banking system with…

6 years ago

Covid-19 dents auto industry’s March off-take

New Delhi/Chennai, April 1 (SocialNews.XYZ) Hit hard by the Covid-19 outbreak that has dampened economic activity and low consumer sentiment,…

6 years ago

HUL acquires Horlicks as merger with GSK Consumer Healthcare complete

Mumbai, April 1 (SocialNews.XYZ) The merger of GlaxoSmithKline Consumer Healthcare with Hindustan Unilever (HUL) was completed on Wednesday, making HUL…

6 years ago

Many Indian traders to shut shop in absence of stimulus: CAIT

New Delhi, April 1 (SocialNews.XYZ) The Confederation of All India Traders (CAIT) on Wednesday said that a significant portion of…

6 years ago

Lifeline Udan: Over 37 tns of medical supplies flown across India

New Delhi, April 1 (SocialNews.XYZ) The Centre on Wednesday said that under the "Lifeline Udan" initiative, 74 flights have transported…

6 years ago

GST collections dip to Rs 97,597 crore in March

New Delhi, April 1 (SocialNews.XYZ) The sluggishness in the economy for the past few months has begun reflecting in the…

6 years ago

Market starts FY21 on bearish note, Sensex down 1,200 points

Mumbai, April 1 (SocialNews.XYZ) The Indian stock market started the financial year 2020-21 on a sluggish note amid the coronavirus…

6 years ago

Young Indian startups hit as investors get cautious

New Delhi, April 1 (SocialNews.XYZ) Amid uncertainty in the business climate due to the COVID-19 pandemic, young startups in India…

6 years ago

M&M’s March sales down 88% to just 7,401 units

Mumbai, April 1 (SocialNews.XYZ) Mahindra & Mahindra on Wednesday reported a massive decline of 88 per cent in its total…

6 years ago

COVID-19: Kochi fintech start-up waives interest on farmer loans

Kochi, April 1 (SocialNews.XYZ) With COVID-19 striking hard, Kochi-based fintech start-up Spoon has waived interest and processing charges worth Rs…

6 years ago

Karnataka to bail out farmers, growers hit by lockdown

Bengaluru, April 1 (SocialNews.XYZ) In the backdrop of a 21-day nationwide lockdown to contain the coronavirus spread, the Karnataka government…

6 years ago

Indian IT spending set for slowdown, growth targets hit: IDC

New Delhi, April 1 (SocialNews.XYZ) The Indian IT industry is set to experience a slowdown in terms of discretionary IT…

6 years ago

No need for extra spectrum to maintain network quality: COAI

New Delhi, April 1 (SocialNews.XYZ) The Cellular Operators Association of India (COAI) said, here on Wednesday, no additional spectrum was…

6 years ago

Private banks, NBFCs to continue EMIs, if not informed

New Delhi, April 1 (SocialNews.XYZ) Unlike the public sector banks, customers of private banks and non-banking financial companies (NBFCs) would…

6 years ago

Hyundai India sells only 32,279 units in March

New Delhi, April 1 (SocialNews.XYZ) Hit hard by the Covid-19 outbreak, Automobile major Hyundai Motor India on Wednesday reported sales…

6 years ago

Smartphone prices up in India after GST rate hike

New Delhi, April 1 (SocialNews.XYZ) Several smartphone manufacturers like Apple, Xiaomi, Realme and Vivo on Wednesday increased prices of their…

6 years ago



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