Netflix adds $50 million to relief fund for production workers
Netflix Inc has increased the amount of money in its coronavirus emergency relief fund by $50 million, bringing the total for displaced production workers to $150 million, a company spokeswoman said on Friday. Film and TV production has been shut down around the world as people shelter at home to help slow the spread of […]
Facebook launches online resource guide for educational communities
Facebook on Monday launched an online resource guide for educational communities on how to collaborate and continue the learning process using Facebook products, tools and programmes while also providing information related to COVID-19 from authentic sources. Currently, the guide is available in English, Hindi, Marathi, Gujarati and Kannada. In its first phase, Facebook has partnered […]
Record deal to cut oil output ends price war
Opec producers and allies have agreed a record oil deal that will slash global output by about 10% after a slump in demand caused by coronavirus lockdowns. The deal, agreed on Sunday via video conference, is the largest cut in oil production ever to have been agreed. Opec+, made up of oil producers and allies […]
Covid-19 crisis is choking India’s MSME sector. Business won’t pick up even after lockdown
Finance minister Nirmala Sitharaman recently announced a series of measures for India’s industry as part of the Narendra Modi government’s effort to address the economic impacts of the coronavirus crisis and the resultant three-week nationwide lockdown. While the government’s package of Rs 1.7 lakh crore promises some relief for companies under various sectors, none of the measures specifically addressed […]
Coronavirus lockdown: Govt to suffer hefty loss in jet, auto fuel taxes
NEW DELHI : The central government is set to suffer a hefty loss in excise duty collections on jet fuel and auto fuel in the three-week lockdown until 14 April, with aircraft grounded and most vehicles off roads. The loss could be as high as ₹16,000 crore for petrol and diesel alone, going by the consumption trend […]
Indian Markets Shed Over 23% As FPIs Pull Out Over $8 Billion In March
The month of March proved to be a month of mayhem for the Indian stock markets. As fears of rising cases of coronavirus threatened to push the global economy into a recessionary phase, market players including foreign portfolio investors (FPIs) resorted to relentless selling in March. As a result investors lost wealth of more than […]
Sensex, Nifty close 4% down as bears tighten stranglehold
Market Closing Indian shares closed in the red in the first trading session of FY21 on Wednesday as the number of coronavirus cases increased sharply across the country even as a 21-day lockdown remained in force. Sensex dropped 1,203 points or 4.1% at 28.265. Nifty slipped over 300 points or 3.9% at 8,263. Tech Mahindra, […]
Sensex, Nifty fall as coronavirus cases increase
Home / Business News / Sensex, Nifty fall as coronavirus cases increase Sensex, Nifty fall as coronavirus cases increase The Nifty fell 2.76% to 8,421.05 by 0345 GMT and the Sensex was 2.86% lower at 28,962.47. Positive coronavirus cases rose above 1,000 in India as of Sunday evening(File photo) Updated: Mar 30, 2020 09:52 IST By Reuters , Reuters Indian shares […]
RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact
The Reserve Bank of India (RBI) finally bit the bullet on Friday and responded to the coronavirus-induced crisis with a whopping 75 basis points cut in the repo rate, bringing it down to 4.4 per cent. The repo rate has thus fallen to the lowest ever. Before this, it had hit the lowest point of 4.74% […]
Sensex posts biggest one-day gain in 10 years. What experts say on today’s rally
Indian markets made a big recovery today even as the country went into a 21-day lockdown to curb the spread of coronarivus outbreak. Benchmark index Sensex surged 1,861 points – its biggest gain in over a decade – to 28,535, joining a global rally as US lawmakers and and Trump administration officials reached an agreement on a […]
