Tag: Coronavirus lcokdown

Latin America’s stricken airlines facing long haul to recovery

Latin America’s beleaguered airlines will take up to three years to recover losses due to the coronavirus pandemic, and in the meantime desperately need government help, according to experts surveying the damage to the industry. The International Air Transport Association (IATA) estimates it will take at least that time for the region’s airlines to inch […]

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

NEW DELHI: Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. The company’s net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19. The board has proposed a dividend of […]

Domestic flights resume after two months: Delhi’s first departure is to Pune and Mumbai’s first to Patna

NEW DELHI: Indian skies will open up for domestic passenger services from Monday after a gap of two months, with Delhi-Pune and Mumbai-Patna flights being among the first to take off, aviation industry sources said. All scheduled commercial passenger flights have been suspended since March 25 when the government imposed a nationwide lockdown to curb […]

Guidelines for train services beginning on 1st June 2020

NEW DELHI: Ministry of Railways (MoR) in consultation with Ministry of Health & Family welfare (MoHFW) and Ministry of Home Affairs(MHA) has decided that train services on Indian Railways shall be further partially restored w.e.f. from 01st June 2020. Indian Railways will start operations of 200 passenger services as listed in the annexure (attached below). […]

UPSC to decide date for civil services prelims on June 5

NEW DELHI: The date for this year’s civil services preliminary examination is likely to be decided on June 5, the Union Public Service Commission (UPSC) has said. The test, which was scheduled to be held on May 31, has been deferred due to the COVID-19 lockdown. A revised programme of examinations, including the civil services […]

China says to levy 80.5 percent in tariffs on Australian barley

BEIJING: China on Monday announced 80.5 percent tariffs on Australian barley, days after suspending beef imports from the country — a move that could escalate tensions between the countries. Following a government investigation into Australian grain exports, China found Australian subsidies and dumping had “substantially damaged domestic industry,” the commerce ministry said in a statement. […]

SoftBank’s Vision Fund tumbles to $18 billion loss in ‘valley of coronavirus’

By Sam Nussey TOKYO:  Japan’s SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn. The disastrous 1.9 trillion yen ($18 billion) operating shortfall at the Saudi-backed Vision Fund, including […]

Power distribution companies in Union Territories to be privatised, says Finance Minister

NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Saturday said electricity distribution companies in Union Territories (UTs) will be privatised. This is expected to provide a model to be replicated in states later to improve efficiency and attract investment. Unveiling the fourth tranche of the Rs 20 lakh crore stimulus package to revive the coronavirus-hit […]

India announces commercial mining of coal on revenue sharing basis

NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Saturday announced commercial mining of coal by the private sector, ending government monopoly on the sector. In her fourth tranche of the economic package, she said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne. Nearly 50 blocks will be […]

Odisha urges Modi government to temporarily suspend Shramik trains due to cyclone

NEW DELHI: The Odisha government urged the Narendra Modi government to temporarily suspend running of ‘Shramik Special’ trains to the state’s coastal districts in view of the impending cyclonic storm that is likely to intensify from Sunday, official said. The request was made by Chief Secretary A K Tripathy on Saturday during a video conference […]

24 migrant labourers killed, 36 injured in truck collision in Uttar Pradesh

NEW DELHI: At least 24 migrant labourers were killed and 36 people sustained injuries when a trailer truck carrying them collided with another truck in the early hours of Saturday in Uttar Pradesh, police said. Both the trucks were carrying the labourers. The accident took place between 3 am and 3.30 am, they said. “The […]

Supreme Court stays MHA circular on full payment of wages during lockdown

NEW DELHI: The Supreme Court on Friday ordered administrations across India not to prosecute employers who were unable to pay full wages to workers during the Covid-19 induced nationwide lockdown. A bench comprising Justice L. Nageswara Rao, Sanjay Kishan Kaul and B.R. Gavai asked the Centre and states not to prosecute private companies, factories etc. […]

3 migrant labourers, an infant returning home during lockdown killed in road accidents in Uttar Pradesh

KANPUR/ CHITRAKOOT: Three migrant labourers and an infant girl were killed and 46 others suffered injuries in two road accidents when they were returning home in Uttar Pradesh from other states during the coronavirus-induced lockdown, officials said on Wednesday. A truck carrying a group of 54 migrant labourers and their families from Ahmedabad in Gujarat […]

Nitin Gadkari welcomes PM’s economic package for MSME, village and cottage industry sector

NEW DELHI: India’s MSMEs and Road Transport & Highways Minister Nitin Gadkari has welcomed the Prime Minister Narendra Modi’s relief package worth Rs 20 lakh crore announced this evening. He said, through this historical package, the Prime Minister has fulfilled the expectations and aspirations of the MSME, village and cottage industry sector.. Gadkari said, with […]

Maharashtra Congress bears travel expenses of 27,865 migrants

NEW DELHI: The Maharashtra Congress has borne the travel expenses of nearly 27,865 migrant workers and sent them back to their native places, state party president Balasaheb Thorat claimed on Tuesday. Arrangements are being made to send 24,000 more migrant workers from Maharashtra to their native states, Thorat said. “So far, the Maharashtra Congress has […]

Donald Trump campaign raises $61 million in April, Joe Biden $ 60 million amidst coronavirus

WASHINGTON: U.S. President Donald Trump’s re-election campaign raised an impressive $ 61.7 million in April while his Democratic rival and former vice president Joe Biden collected $60.5 million at a time when the world’s biggest economy has come to a virtual standstill and over 33 million Americans have lost their jobs. Presidential elections are scheduled […]

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