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EU waives taxes, duties on imported medical supplies

Brussles, April 4 (SocialNews.XYZ) The European Union (EU) has announced to temporarily waive customs duties and value-added tax (VAT) on the import of medical devices, and protective equipment, from non-EU countries to help the fight…



US dollar rises on risk aversion

New York, April 4 (SocialNews.XYZ) The US dollar climbed in late trading on Friday as the COVID-19 pandemic restrained market participants’ appetite for risk. The dollar index, which measures the greenback against six major peers,…









UPL commits Rs 75 cr to PM-CARES Fund

New Delhi, April 3 (SocialNews.XYZ) Agricultural solutions provider UPL on Friday pledged Rs 75 crore to PM-CARES Fund for assisting in the fight against the coronavirus pandemic. In a statement, the company said that it…


M&M not to inject any fresh equity into SYMC

Mumbai, April 3 (SocialNews.XYZ) Automobile major Mahindra & Mahindra (M&M) has decided not to infuse fresh equity into its South Korea-based subsidiary SsangYong Motor Company (SYMC)in light of the COVID 19 impact. Accordingly, the decision…



Stock market tumbles, Sensex settles below 28,000

Mumbai, April 3 (SocialNews.XYZ) Indian stock markets plummeted on Friday with the BSE Sensex falling over 670 points to settle below the psychological mark of 28,000. The Nifty50 on the National Stock Exchange (NSE) ended…