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Global economy could lose $108 billion in remittances: ADB
Updated : 5 years, 7 months ago IST
Manila [The Philippines], Aug 3 (ANI): Global remittances will fall by 108.6 billion dollars if the Covid-19 economic impact persists throughout the year, the Asian Development Bank (ADB) said on Monday.
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Kansai Nerolac Paints posts 71 pc fall in Q1 PAT at Rs 43 cr
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 3 (ANI): Kansai Nerolac Paints on Monday reported 71 per cent fall in its profit after tax of Rs 43 crore in Q1 FY21 over the same quarter of the previous year due to crashing demand in the wake of COVID-19 crisis and countrywide lockdown.
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Bajaj Auto July sales drop 33 pc to 2.55 lakh units
Updated : 5 years, 7 months ago IST
Pune (Maharashtra) [India], Aug 3 (ANI): Two- and three-wheeler manufacturer Bajaj Auto on Monday reported 33 per cent fall in its total July sales at 2.55 lakh units as compared to 3.81 lakh units in the same period a year ago.
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Mass unemployment amid pandemic in China emerges as biggest challenge for
Updated : 5 years, 7 months ago IST
Beijing [China], August 3 (ANI): China is witnessing worst economic shrinkage in decades due to sluggish domestic consumption and low export demand amid the pandemic. One of the fallouts of the slow economy is the loss of jobs.
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Uttarakhand's COVID-19 recovery rate falls by 23 pc
Updated : 5 years, 7 months ago IST
Dehradun (Uttarakhand) [India], Aug 2 (ANI): The COVID-19 recovery rate of Uttarakhand has reduced by 23 per cent in a month due to the detection of fresh positive cases in the state, said an official.
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Experts call for urgent new measures as coronavirus cases continue to surg
Updated : 5 years, 7 months ago IST
Washington [US], Aug 2 (ANI): As coronavirus cases in the United States continue to surge and its fall out on economy turns out to be equally dreadful, public health experts have called for urgent new measures to halt the spread of the virus.
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GST collections in July fall 14 pc y-o-y due to COVID lockdown
Updated : 5 years, 7 months ago IST
New Delhi [India], August 1 (ANI): The Goods and Services Tax (GST) revenue collections in July totalled Rs 87,422 crore, 14 per cent less than in the year-ago period as economic activities slowed due to COVID-19 led countrywide lockdown, the government said on Saturday.
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Energy demand in India showing signs of recovery: Ind-Ra
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 1 (ANI): Energy demand in June contracted by 10.9 per cent year-on-year for the fourth consecutive month to 105.6 billion units but is showing signs of recovery due to gradual lifting of COVID-19 induced lockdown for certain economic activities, according to
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Maruti sales jump 88 pc m-o-m in July to 1.08 lakh units
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): Maruti Suzuki, the country's largest passenger car manufacturer, posted total sales of 1.08 lakh units in July, marking a growth of over 88 per cent from the previous month but a fall of one per cent year-on-year.
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IndianOil net profit dips 40 pc in Q1 to Rs 2,227 cr
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 31 (ANI): Oil marketing firm IndianOil Corporation (IOC) on Friday posted 40 per cent year-on-year fall in its consolidated net profit at Rs 2,227 crore for the quarter June 30 as compared to a net profit of Rs 3,738 crore in Q1 FY20.
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Taiwanese firms pivoting to India amid fallout with China
Updated : 5 years, 7 months ago IST
Beijing [China], July 31 (ANI): Amid the fallout with China over various issues, Taiwanese firms are pivoting to India drawn by its giant market, inexpensive skilled workforce and generous tax breaks, South China Morning Post reported.
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India's Q2 jewellery demand falls 74 pc to 44 tonnes
Updated : 5 years, 7 months ago IST
New Delhi [India], July 30 (ANI): Indian jewellery demand fell 74 per cent in Q2 (April to June) year-on-year to 44 tonnes due to nationwide lockdown, lost festival demand and higher gold price, the World Gold Council (WGC) said on Thursday.
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