Business

Bank unions had observed a two-day strike from January 31 after talks over wage revision failed to make headway with the IBA.

The Coronavirus outbreak in China has disrupted global supply chains. In India, the electronics and pharma sectors are already beginning to feel the heat. It will also directly affect labourers employed by assembly units that import Chinese components.

RITES has also reserved a total of 50 lakh shares for retail investors, which includes 25 lakh shares from the base offer and another 25 lakh shares in case the oversubscription option is exercised.

India began importing crude oil from the US in 2017 as it looked to diversify its import basket beyond the OPEC nations. It bought 1.9 million tonnes of crude oil from the US in 2017-18 and another 6.2MT in 2018-19.

Yes Bank Ltd shares inched up 1.2% after ICRA cut bank’s issuer rating to A- from A with a negative outlook.

Highlighting Jio’s impact, RIL chairman Mukesh Ambani said that prior to Jio, average broadband speeds were abysmal whereas post Jio mobile data speeds average at 21 Mbps in every single village in India.

In 2019, the Adani group forayed into airport operations and maintenance. It created a separate entity -- Adani Airports -- when it bagged bids on privatisation of six airports owned by the Airports Authority of India.

Founded in 2003, Be & Cheery is one of the largest online snack companies in China and reported revenues of about 5 billion yuan ($711.7 million) in 2019.

The lenders have been seeking "clear land papers" from mills' owners for extending loans. At present, three major jute mills remained closed due to working capital crunch, industry sources said.

Gujarat Co-operative Milk Marketing Federation managing director RS Sodhi credited growth of the industry to the fact that a good procurement price is paid to the dairy farmers.

Textiles Secretary Ravi Capoor said domestic textile exports have plateaued during the past 5-7 years.

Shaktikanta Das said the government has remained within the limits set by the Fiscal Responsibility and Budget Management (FRBM) Committee for the budget deficit.

The Department of Economic Affairs had said that if IL&FS group collapses, the Indian economy may have to face repercussions as redemption pressure would continue and NBFC licenses could be cancelled.

Distribution companies owed a total of Rs 59,015 crore to power generation companies in December 2018, according to portal PRAAPTI.

Garg said in the broadest sense, the expenditure proposals of Budget 2020-21 present more of consolidation in the face of deteriorating economic and fiscal situation.

The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices.