Business News


Petronet LNG says invoked force majeure on nine cargoes after COVID-19 lockdown

Petronet invoked the force majeure on eight liquefied natural gas (LNG) cargoes of Qatar and one from Exxon for loading from March to May.

published : 12 minutes ago

Households' FMCG consumption for April-June 2020 highest in two years: Report

Personal care segment witnessed a double-digit growth of 11.1 per cent, while household care, which consists of products like detergents and surface cleaners, logged 4.6 per cent growth.

published : 19 minutes ago

MSMEs will take at least 7-8 months to recover from COVID-19 impact: Economist

Addressing a webinar, Global Chief Economist at Dun & Bradstreet Arun Singh said that the recovery time of an MSME will be tied to the sector in which it is operational.

published : 27 minutes ago

BSNL to be privatised as 'traitor' staff are unwilling to work: BJP MP Ananthkumar Hegde

According to Hegde, more than 88,000 employees will be fired from the public sector unit (PSU), as the government will privatise the company.

published : 1 hour ago

COVID-19 impact: Kochi airport suffers Rs 72 crore loss in first quarter

The airport was handling around 240 aircraft movements and 30,000 passengers daily before the pandemic, which has declined to 36 services and 2300 passengers, triggering a huge fall in profits

published : 2 hours ago

Gold declines Rs 1,317; silver also plunges Rs 2,943

In the international market, gold was trading lower at USD 1,989 per ounce and silver also witnessed selling and was quoting down at USD 27.90 per ounce.

published : 2 hours ago

COVID-19 may accelerate shift in global trade relations, supply chains: Moody's

Some Asian markets excluding China will benefit from the supply chain shifts, particularly as companies look to diversify their sources of supply, it noted.

published : 3 hours ago

Sensex jumps 225 points; Axis Bank rallies 4 per cent

The number of cases around the world linked to COVID-19 has crossed 2 crore, while the infection count in India has reached 22.68 lakh.

published : 3 hours ago

Mukesh Ambani's Reliance Industries breaks into top 100 global companies

Reliance had broken into the top 100 in 2012 ranking when it was ranked 99th but slipped in subsequent years to rank 215th in 2016.

published : 3 hours ago

Saudi Aramco doing due diligence for buying 20 per cent stake in Reliance's O2C business: CEO

Ambani had at RIL's annual general meeting last month stated that the Aramco deal had been delayed 'due to unforeseen circumstances in the energy market and the COVID-19 situation'.

published : 3 hours ago

Passenger vehicle wholesales dip 4 per cent in July at 1,82,779 units

SIAM Director-General Rajesh Menon said the July sales were significantly better than the preceding months and it instilled some confidence in the industry.

published : 4 hours ago

Bajaj Electricals reports Q1 net loss of Rs 16.60 crore

Its total income during the quarter under review stood at Rs 615.34 crore, down 53.3 per cent, as against Rs 1,317.99 crore in the corresponding quarter last fiscal.

published : 4 hours ago

Rupee settles 12 paise higher at 74.78 against US dollar

During the session, the domestic unit witnessed an intra-day high of 74.77 and a low of 74.86 against the greenback.

published : 4 hours ago

Amusement parks urge government to allow reopening as lockdown causes huge losses

'The amusement and water parks are running into huge losses since their closure on March 15 due to the lockdown,' IAAPI president Ajay Sarin said.

published : 5 hours ago

COVID-19 lockdown impact: UK employment falls by biggest quarterly amount since 2009

That quarterly decline, which took the total number of people in employment to 32.92 million, is the biggest since the deep recession in 2009 in the wake of the global financial crisis.

published : 6 hours ago