Airtel Payments Bank removes all charges on cash withdrawal through IMT during lockdown
NEW DELHI: In such unprecedented times, Airtel Payments Bank is working tirelessly to make sure that the needy, especially at the bottom of the pyramid, do not face any inconvenience in running their day-today operations. Airtel Payments Bank has removed all charges on cash withdrawal through IMT (Instant Money Transfer) system. Neighbourhood banking points have […]
Karnataka announces Rs 3,000 each to registered construction workers
NEW DELHI: The Karnataka government on Wednesday announced more financial support to the 15.8 lakh construction workers, even as a Labour Department official said that migrant labour was moving between different districts with negligible movement to other states. “We have decided to provide Rs 3,000 each to 15.8 lakh registered construction workers in the state. […]
Post Covid-19: India should facilitate ease of doing business for real estate growth
NEW DELHI: Addressing some of the compelling issues of the real estate industry in the COVID19 era, the National Real Estate Development Council (NAREDCO) Karnataka today hosted a Webinar on the Post COVID-19 Opportunities in the Real Estate Industry. The real estate industry stalwarts are hopeful of opportunities emerging out of these difficult times and […]
Japan set to approve Gilead’s Remdesivir drug to treat coronavirus
Japan is set to approve on Thursday the antiviral drug remdesivir for use against the novel coronavirus, Prime Minister Shinzo Abe said. The rapid move by Japan’s usually conservative authorities comes days after the U.S. authorized Gilead Sciences Inc.’s drug for emergency use on virus patients. Special approval in Japan is reserved for urgent situations, […]
WHO warns of new lockdowns if transition not managed carefully
The head of the World Health Organization (WHO) on Wednesday warned of the risks of returning to lockdown if countries emerging from pandemic restrictions do not manage transitions “extremely carefully and in a phased approach”. Director-General Tedros Adhanom Ghebreyesus listed a series of steps needed before countries lift measures designed to control the spread of […]
HCL Tech Q4 net up 22.8 per cent at Rs 3,154 crore
NEW DELHI: IT firm HCL Technologies on Thursday posted 22.8 per cent rise in consolidated net profit at Rs 3,154 crore for the March quarter driven by strong growth across verticals. The IT major had registered a net profit of Rs 2,568 crore in the January-March 2019 quarter, HCL said in a regulatory filing. Its […]
Karnataka hikes excise duty on liquor by 11 per cent
BENGALURU: The Karnataka government on Wednesday hiked excise duty on liquor by 11 per cent to mop up revenues, two day after allowing its sale, following the easing of COVID-19 induced lockdown. This hike is in addition to the six per cent that was announced in the budget. “Yes, this 11 per cent increase in […]
Home delivery of liquor to start in Punjab from today
NEW DELHI: Home delivery of liquor will start from May 7 in Punjab with the state excise and taxation department issuing an order for opening of liquor vends on Wednesday. The liquor stores would be allowed to open only during the curfew relaxation period, officials said. Meanwhile, the Punjab government on Wednesday evening changed the […]
Maruti Suzuki to resume production at Manesar plant from May 12
NEW DELHI: Maruti Suzuki India said that it will restart production of vehicles at its Manesar plant in Haryana on May 12. In a regulatory filing on Wednesday, the automobile major said that all operations would be carried out in accordance with the government regulations. “Maruti Suzuki India Limited would re-start production of vehicles at […]
Uttar Pradesh government hikes liquor prices, hopes to earn Rs 2,350 crore revenue
NEW DELHI: The Uttar Pradesh government on Wednesday decided to increase liquor prices from Rs 5 to Rs 400 per bottle depending on its size and category of the drink. The decision to increase the prices was taken at a Cabinet meeting chaired by Chief Minister Yogi Adityanath, said state Finance Minister Suresh Khanna, adding […]
Hyundai Motor sales down 57% amid coronavirus pandemic
NEW DELHI:SEOUL: South Korea’s Hyundai Motor (005380.KS) said on Wednesday its provisional April sales fell 57% on year to 159,079 vehicles globally, as the coronavirus pandemic and efforts to curb its spread sharply contracted auto demand and dealership traffic. Hyundai Motor said last month it expects only a modest recovery in Chinese auto demand and […]
Give us first-hand information to fight coronavirus, Taiwan asks WHO
TAIPEI:Taiwan’s health minister asked the World Health Organization (WHO) on Wednesday to ensure the island had access to first-hand information about the coronavirus, saying that not having the full picture slows down epidemic-prevention work. Taiwan’s exclusion from WHO – China, which considers the island one of its provinces, objects to Taiwan’s membership – has infuriated […]
Euro zone set for record recession, inflation to vanish: European Commissioner
BRUSSELS: The euro zone economy will contract by a record 7.7% this year because of the COVID-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday. “Europe is experiencing an economic shock without precedent since the Great Depression,” European Commissioner for Economic and Financial […]
‘Significant breakthrough’ in developing antibody against Covid-19: Israel
NEW DELHI: Israeli Defence Minister Naftali Bennett has said that scientists at the country’s main biological research institute have made a “significant breakthrough” in developing an antibody to the novel coronavirus, as the researchers wrapped up the development phase and moved to patent and mass produce the potential treatment. Bennett visited the labs of the […]
India hikes excise duty on petrol by record Rs 10 diesel by Rs 13
NEW DELHI: The government of India on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore additional revenue as it repeated its time-tested formula of not passing on gains arising from a slump in international oil prices. […]
Offices to reopen in Haryana with certain conditions
CHANDIGARH: The Haryana government has decided to reopen its offices in the state and those located in its capital Chandigarh with certain conditions during the third phase of the COVID-19-induced lockdown. While complying with the consolidated guidelines issued by the Union Home Ministry regarding the opening of government offices in the third phase of the […]