Business & Economy

Business & Economy

Noida Authority slashes interest rates to help builders deliver pending projects faster

The move will help real estate developers deliver pending projects faster.

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Business & Economy

Only 20.26 lakh out of 8 crore migrants received promised food grain, shows govt data

In the mid of May, as part of the Rs 20 lakh crore Atma Nirbhar Bharat package, the Modi government had announced that migrant labourers who have not been facilitated by the National Food Security Act (NFSA) or any state-run PDS scheme, will receive free food grains for two months.

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Business & Economy

Petrol, diesel prices hiked by 60 paise per litre for 2nd straight day

After the revision, petrol will now cost Rs 72.46 per litre as against Rs 71.86 on Sunday, while diesel price has gone up to Rs 70.59 per litre from Rs 69.99, according to a price notification of state oil marketing companies.

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Business & Economy

India's unemployment rate continues to rise after firms fire employees amid lockdown

Media organisations such as The Times of India, News Nation and The Quint have also laid off employees despite of Prime Minister Narendra Modi asking public and private employers not to lay off their workers or cut their salaries. Sources have also said that ET Panache and Bombay Times are all set to merge and that ET Panache has asked its 50% staff to go on leave.

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Business & Economy

KKR to invest Rs 11,367 crore in Jio Platforms

RIL on Friday announced that KKR will invest Rs 11,367 crore in Jio Platforms and it will translate to 2.32 per cent equity stake in Reliance’s digital services platform.

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Business & Economy

FM Sitharaman to address the nation at 4 pm today

Finance Minister Nirmala Sitharaman will be announcing details of the Rs. 20 lakh crore relief package announced by Prime Minister Narendra Modi yesterday in an address to the nation. The package will include reforms in some existing land and labour laws besides additional liquidity support to jumpstart the bruised economy.

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Business & Economy

PM gave a headline and blank page: Chidambaram on financial package

PM Modi had yesterday said that the mega package will address the concerns of all those who have been affected by the coronavirus pandemic and the nationwide lockdown.

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Business & Economy

Credit relief delays making covid-19 fight tougher

It has been over a fortnight since the government started discussing another relief package to support the industry, especially MSMEs. However, with no relief in sight, most small companies may not have any other option but to shut shop.

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Business & Economy

Without 3rd party players, Reliance Jio ready for 5G implementation

Off late Reliance has been grabbing headlines by the investments it has been bringng into its business. First Facebook bought a 9.99 percent stake in Reliance Jio Platforms and then Silver Lake Partners bought a 1.15 percent stake in Reliance Jio Platforms. Without its 3rd party players, Reliance Jio is planning to get into 5G implementation. The latest 5G connection is believed to be 20 times better than the 4G network.

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Business & Economy

India needs bigger stimulus package like in US: Abhijit Banerjee to Rahul Gandhi

Speaking on the migrant labourers crisis, Abhijit Banerjee said, “The migrant problem cannot alone be handled by the state government and the Centre needs to manage this.”

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Business & Economy

RR Solution: Your health is our priority

Brand name is something which is achieved over a period of time and while RR Solution has been able to achieve this with its unique range of products and best quality services. At the time of coronavirus pandemic and the lockdown, where Personal Protection Kits are saving thousands of lives today, we at RR Solution provide protection from various types of infections. Infection prevention and control measures include, among other measures: hand hygiene, personal protective equipment and waste management materials.

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Business & Economy

Reliance suffers worst profit fall in over 11 years on weak fuel demand

The conglomerate led by Asia’s richest man, Mukesh Ambani, in the last decade diversified to establish large telecoms and retail operations, but the energy division still accounts for the lion’s share of overall revenue.

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