Business news

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Oyo issues coronavirus advisory to its employees and announces 5,000 job cuts globally. The job cuts are a part of the company's restructuring announcement in January 2020, and not owing to Covid-19 scare, an OYO spokesperson clarified.

Mar 5, 2020

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

The SC lifted the cryptocurrency ban imposed by RBI in early 2018, which prevented financial institutions in India from providing banking services to cryptocurrency companies. Industry experts hail SC's bold move, but advise users on exercising caution trading in crypto and companies to improve AML policies and ensure data privacy.

Mar 5, 2020

Coronavirus scare: 5,000 Twitter employees encouraged to work from home amid Covid-19 outbreak

The social media company made it mandatory for all employees in Hong Kong, Japan and South Korea to work from home to curb the spread of coronavirus, while employees from other regions can choose to come to work from the office as needed.

Mar 4, 2020

Schemes by Ministry of Finance for Women Empowerment in India

Women's Day 2020: Women empowerment schemes in India since 2014

Besides allocation of Rs. 16712.72 crore under the Stand-Up India scheme for women empowerment, the Ministry of Finance has launched various schemes with special provisions to benefit women and help them accentuate their dreams in the last six years, since 2014.

Mar 3, 2020

Huge volatility on Dalal Street as coronavirus reaches India

Last day at the Dalal street witnessed huge volatility in benchmark indices as cases of Coronavirus confirmed across three cities in India.

Mar 3, 2020

Visa granted to spouses of H-IB Visa holders

EB-5 Visa: Indian startups planning to expand to US must shell out $50,000 extra

Indians looking forward to migrating to the US under the EB-5 or investor visa category will have to pay $50,000 extra from April 1.

Mar 2, 2020

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Banks were asked by the Government to release the loans in approved cases immediately. The financial institutions are requested to take up about 1.18 lakh pending PMEGP loan applications latest by March 15, with special emphasis on the North Eastern Region (NER).

Mar 2, 2020

Government enables farmers secure loan upto Rs 3 lakh at 4% interest through KCC scheme

In an intent to free farmers from the clutches of money lenders, the government introduced the Kisan Credit Card (KCC) scheme to enable farmers to secure loans up to Rs 3 lakh at a 4% interest rate on the condition of timely repayment. The government has set an estimate of Rs 20,000 crore which will be utilized to sanction loans to KCC cardholders.

Mar 2, 2020

IndiGo launches daily direct flights to connect Northeastern states under UDAN

To facilitate easy travel for passengers and boost connectivity in the Northeastern region, budget airline IndiGo launches daily direct flights on the Agartala-Aizawl-Guwahati route under the UDAN scheme.

Mar 2, 2020

Google, Facebook and Twitter oppose new set of internet regulations, threaten to suspend services in Pakistan

Failure by social media giants to comply with the new set of digital regulations imposed by Pakistan's Tehreek-e-Insaaf government will result in heavy fines and possible termination of services.

Mar 1, 2020

No delay in mega-merger of 10 PSU banks from April 1, loans will be restructured: Nirmala Sitharaman

The speculation around mega-merger of 10 PSU banks to be delayed by at least 6 months owing to regulatory hurdles and need for extra funds to manage the merger has been put to rest. Finance Minister, Nirmala Sitharaman confirmed the merger will indeed happen on April 1.

Feb 28, 2020

Bank employees' unions to call for a nationwide three-day strike from March 11 to 13

The bank employees' unions have warned to go on a three-day strike from March 11 to 13 and an indefinite strike from April 1, if their wage demands go unmet.

Feb 28, 2020

Coronavirus fear tanks Sensex over 1,100 points, Nifty 335; set for worst week in 4 years

As the coronavirus outbreak fear plummeted the global markets Sensex also dropped 1,083.85 points to 38,661.81 on Friday, Feb 28. Nifty also tanked 312 pts to 11,321.30.

Feb 28, 2020

Fact checking reports of ATM recalibration to phase out Rs 2,000 notes

Recent reports of Rs 2000 notes to be withdrawn from most bank ATMs are false. Nirmala Sitharaman clarifies, no such instructions have been provided to banks yet.

Feb 28, 2020

Amazon set to take on rivals Swiggy, Zomato in India's food delivery biz

With the food delivery business gaining maximum traction in India, Amazon is all set to foray into the space and take on rivals Swiggy, Zomato and others by launching exclusive brands in partnership with restaurants. The food delivery business will kickstart in Bengaluru first in March.

Feb 27, 2020

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Business news

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

Coronavirus scare: 5,000 Twitter employees encouraged to work from home amid Covid-19 outbreak

Women's Day 2020: Women empowerment schemes in India since 2014

Huge volatility on Dalal Street as coronavirus reaches India

EB-5 Visa: Indian startups planning to expand to US must shell out $50,000 extra

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Government enables farmers secure loan upto Rs 3 lakh at 4% interest through KCC scheme

IndiGo launches daily direct flights to connect Northeastern states under UDAN

Google, Facebook and Twitter oppose new set of internet regulations, threaten to suspend services in Pakistan

No delay in mega-merger of 10 PSU banks from April 1, loans will be restructured: Nirmala Sitharaman

Bank employees' unions to call for a nationwide three-day strike from March 11 to 13

Coronavirus fear tanks Sensex over 1,100 points, Nifty 335; set for worst week in 4 years

Fact checking reports of ATM recalibration to phase out Rs 2,000 notes

Amazon set to take on rivals Swiggy, Zomato in India's food delivery biz

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]