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Business

US stocks skid despite Fed's action to support markets

🕤 March 24, 2020 | 11:48 am

[Seoul: A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after ....


Railways appeals for smooth delivery of freight

🕤 March 24, 2020 | 11:57 am

New Delhi, March 24 : After the shutdown orders in several parts of the country and the police not allowing the railway staff to go to their work, the railways on Tuesday appealed to the administration to allow its employees involved in transportation of essential supplies. The railways in a s ....


Govt readying an economic package: FM

🕤 March 24, 2020 | 01:16 pm

New Delhi, March 24 : The central government may come up with an economic package to prevent COVID-19 pandemic from causing deep seared harm to the economy. An indication on the package was given by finance minister Nirmala Sitharaman in a tweet where she also said that a press conference woul ....


Hero Cycles comes forward for help in crisis

🕤 March 24, 2020 | 01:21 pm

New Delhi, March 24 : Hero Cycles Limited, one of the largest cycle manufacturers in the world, on Tuesday allocated Rs 100 crore as contingency fund to address and mitigate its impact on partners and the community at large. The organization is also assessing the economic, health and social re ....


Maritime industry writes to UN bodies on change of seafarers

🕤 March 24, 2020 | 01:27 pm

New Delhi, March 24 : International maritime chambers have written to the agencies of the United Nations on the importance of seafarers in global trade and smooth functioning of the supply chains. In their letter, the heads of US agencies, the International Chamber of Shipping (ICS) and Intern ....


Market recovers, Sensex up 1,200 points

🕤 March 24, 2020 | 02:07 pm

Mumbai, March 24 : The Indian stock markets witnessed a relief rally on Tuesday afternoon as the BSE Sensex rose over 1,200 points after volatility in the early trade. At 1.45 p.m., it was trading at 27,201.29, higher by 1,220.05 points or 4.70 per cent from its previous close of 25,981.24 ....


Covid-19: Exporters urge global buyers not to cancel orders

🕤 March 24, 2020 | 02:45 pm

New Delhi, March 24 : Indian exporters have appealed to their buyers across the globe not to cancel orders due to lockdowns enforced by governments the world over to check Covid-19 pandemic. There is panic among the exporting community that temporary suspension of business due to coronavirus s ....


Govt extends deadline for IT return filing till June 30

🕤 March 24, 2020 | 02:57 pm

New Delhi, March 24 : The Union Finance Ministry on Tuesday extended the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis. Addressing the media through video conferencing, Finance Minister Nirmala Si ....


Deadline for filing GST return for March-May extended till June

🕤 March 24, 2020 | 03:22 pm

New Delhi, March 24 : The Finance Ministry on Tuesday announced the extension of the deadline for filing returns of goods and services tax (GST) for March, April and May 2020 till June 30. Addressing the media through video conference, Union Finance Minister Nirmala Sitharaman said that the de ....


Default threshold under IBC raised to Rs 1 cr: Sitharaman

🕤 March 24, 2020 | 04:10 pm

New Delhi, March 24 : In a major relief for small and medium enterprises, the central government has raised the threshold for default under the IBC to Rs 1 crore from the current Rs 1 lakh. Addressing the media through videoconferencing on Tuesday, Union Finance Minister Nirmala Sitharaman sai ....



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