Fighting coronavirus: L&T donates Rs 150 cr to PM-CARES Fund to fight COVID-19

L&T joins a list of other corporates including Tata Group and Reliance Industries who have come forward to offer their support to fight this unprecedented crisis. Engineering and construction giant Larsen & Toubro (L&T) on Monday announced Rs 150 crore donation to the PM-CARES Fund…

Indian banks plan to shut down most branches during 21 day lockdown

India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service. India’s central bank and major lenders are considering shutting down most branches across the country to prevent…

Amazon Stops Taking New Orders, Flipkart Temporarily Suspends Services As India Enters 21-Day Coronavirus Lockdown

Flipkart and Amazon India have temporarily suspended operations after the Centre announced complete lockdown for 21 days. With India under a 21-day lockdown to curb the spread of the coronavirus, Flipkart has temporarily suspended services. This comes as Amazon too, halted orders for non-essential products…

Indian Industry Welcomes British Finance Minister Rishi Sunak’s Covid-19 Action Plan

Coronavirus: Rishi Sunak on Tuesday announced a whopping 330-billion pounds worth of rescue measures in the House of Commons The Indian industry in the UK has welcomed the “unprecedented” rescue package unveiled by Britain”s Indian-origin Finance Minister Rishi Sunak to help businesses in Britain combat…

Government to borrow Rs 51,000 crore more in March

According to a statement by the finance ministry, treasury bills worth Rs 25,000 crore will be auctioned on March 18 and similar amounts on March 24 and March 30. After reviewing the cash position of the Centre, the Reserve Bank of India (RBI) in consultation…

Supreme Court Lifts RBI Ban On Trading In Cryptocurrency

The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018. Pronouncing the verdict, the three-judge bench of the apex court said the ban was ‘disproportionate’. The bench included Justice Rohinton Fali Nariman, Justice S Ravindra…

Vodafone Idea wants 7-8 times hike in mobile data tariffs To Pay AGR Dues To Telecom Department

Vodafone Idea has demanded fixing minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from April 1 to enable it pay statutory dues and make its…