Business news

Government won't give up GST on masks, ventilators and PPEs; here's why

Earlier this month, Maharashtra Deputy Chief Minister Ajit Pawar wrote a letter to Union Finance Minister Nirmala Sitharaman seeking an exemption on GST for some medical equipment used in the fight against COVID-19 outbreak.

Apr 20, 2020

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Center to put Rs 5,000 crore in EPF accounts of employees and employers | Details inside

To help companies tide over the COVID-19 crisis, the Government of India will pay EPF contributions of both employer and employee (12 percent each), 24 percent altogether for the next three months, such that nobody suffers due to loss of continuity in the EPF contribution.

Apr 20, 2020

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American tech giant Cognizant hit by 'Maze' ransomware attack

Cognizant said in a statement that it was taking steps to contain the security incident, with the help of cyber defense companies, and has also engaged with law enforcement.

Apr 19, 2020

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Meet the top three contenders, next in line for the HDFC Bank CEO throne

The process to select the successor of the bank's longest-serving CEO Aditya started in November last year whose tenure will end on 26th October this year.

Apr 19, 2020

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Indian H1B visa holders have 60 days to leave US without job; USCIS could make exceptions

According to the Indian context, non-immigrant visas refer to B-1 and B-2 visa holders in the US for business or travel purposes, F-1 visas are issued to students, J-1 visas are for mainly research scholars and physicians, H-1B visas for IT professionals and L1 for intracompany transferees in a managerial or executive position.

Apr 18, 2020

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Markets open higher: Sensex surges over 1,000 points after RBI announces liquidity measures

Gains in early trade are also a result of improved performance in Asian markets after President Donald Trump's planned to gradually reopen the US economy offset data that showed China suffered its worst economic contraction on record due to the coronavirus pandemic.

Apr 17, 2020

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TCS won't lay off employees amid COVID-19-led economic slowdown

While there won't be any increments in salary, TCS will go ahead with the campus offers it has made this year, which stand at 40,000.

Apr 16, 2020

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Chinese investments in stock market under scanner; SEBI seek details

Making full use of cheaper prices, the People's Bank of China (PBOC) raised its stake from 0.8 percent to 1.01 percent in the country's largest private sector lender HDFC Bank in March quarter.

Apr 16, 2020

DGCA certificate issued to AAI for GAGAN system about to expire

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Flights over Indian airspace at risk? ISRO's navigation system to lose safety certification

The DGCA certificate issued to Airports Authority of India (AAI) for Indian Satellite-based navigation GAGAN system earlier on April 21, 2015, for a five-year period is about to lapse on April 21, 2020. Has the certificate been renewed by AAI yet or has Covid-19 delayed the same? Let's understand why the DGCA certificate is important and what will happen if the certificate expires?

Apr 16, 2020

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With $10 billion cash in hand, cab aggregator seek crowdfunding for drivers

Due to the global pandemic of COVID-19, it has estimated a $1.35 billion loss EBITDA in the middle of the range for 2020.

Apr 15, 2020

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Market volatility: Pharma stocks come as breather for investors, offer big returns

Customer demand has tanked during this extended lockdown across the globe but pharma is among the few sectors that have attracted the investors' interest.

Apr 13, 2020

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Indo-China relations: Does the pressure of a burgeoning Indo-US alliance bother China?

The two powerful nations, India and China continue to harbour disagreements on the shared border, the Dalai Lama issue, trade, geopolitics of South Asia and China's cooperation with Pakistan, etc.

Apr 12, 2020

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Lockdown effect: Govt may rejig law to allow 12-hour long shifts in factory

As per the proposed changes, the companies will be allowed to extend their daily shift from an existing 8 hours, six days a week (or 48 hours) to up to 12 hours, six days a week (72 hours).

Apr 11, 2020

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MCA clarifies: Why donate to the PM-CARES fund over State and CM Relief funds for Covid-19?

The Ministry of Corporate Affairs has offered clarification on donations made for Covid-19. The PM Cares fund qualifies as a CSR expenditure under item (viii) Schedule VII of the Companies Act, 2013, while other state and CM relief funds are not admissible as a CSR expenditure.

Apr 11, 2020

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Stock market updates: Sensex climbs over 700 points; TCS, ITC top losers

At 10.55 am, Sensex was trading at 30,772.23, higher by 705.02, or 2.34 per cent from the previous close of 30,067.21 even as investors remain wary about an extension of the nationwide lockdown beyond April 14.

Apr 8, 2020

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Nayanthara to join hands with her ex-boyfriend Prabhu Deva?

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