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The new coronavirus strain, first discovered in the central city of Wuhan, has caused alarm because of its connection to Severe Acute Respiratory Syndrome (SARS), which killed nearly 650 people across mainland China and Hong Kong in 2002-2003. More

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  • FM Sitharaman highlights India's measures to safeguard 'lives and livelihood' of people Apr 15, 2020 10:08 PM IST

    FM Sitharaman highlights India's measures to safeguard 'lives and livelihood' of people

    In her intervention, the minister talked about the role the member countries can play in "safeguarding the lives and livelihood of people while maintaining macroeconomic stability in a sustainable manner", said an official release.

  • Business Insight | India FY21 GDP growth: Here's what economists are predicting Apr 15, 2020 10:05 PM IST

    Business Insight | India FY21 GDP growth: Here's what economists are predicting

    From the International Monetary Fund to Moody's, find out their forecast on India's FY21 GDP growth in this edition of Business Insight

  • India GDP projections by World Bank, IMF too optimistic: Ex-CEA Arvind Subramanian Apr 15, 2020 10:02 PM IST

    India GDP projections by World Bank, IMF too optimistic: Ex-CEA Arvind Subramanian

    He said the country would require additional expenditure of Rs 10 lakh crore to bring the coronavirus-hit economy back on track.

  • COVID-19 lockdown: Crop insurance claims worth Rs 2,424 crore disbursed to farmers Apr 15, 2020 09:55 PM IST

    COVID-19 lockdown: Crop insurance claims worth Rs 2,424 crore disbursed to farmers

    The Kisan Credit Card (KCC) saturation drive has been initiated by the ministry in collaboration with the Department of Financial Services to cover all PM-KISAN beneficiaries.

  • Wipro to get its new CEO by June; pegs coronavirus impact at $14-16 million in Q4 Apr 15, 2020 09:38 PM IST

    Wipro to get its new CEO by June; pegs coronavirus impact at $14-16 million in Q4

    The search started after Neemuchwala resigned on January 30 due to family commitments

  • US industrial output falls 5.4% in March as virus strikes: Federal Reserve Apr 15, 2020 09:30 PM IST

    US industrial output falls 5.4% in March as virus strikes: Federal Reserve

    The pandemic is another blow to American manufacturing which was in recession for most of last year, battered by a multi-front trade war waged by President Donald Trump.

  • Coronavirus wrap April 15: Here are the top developments of the day Apr 15, 2020 09:03 PM IST

    Coronavirus wrap April 15: Here are the top developments of the day

    The 2020 edition of the Indian Premier League (IPL) was postponed indefinitely; and other key updates from India and around the world:

  • G20 financial officials agree on debt suspension for world's poorest countries Apr 15, 2020 08:42 PM IST

    G20 financial officials agree on debt suspension for world's poorest countries

    The officials also called on private creditors to participate in the initiative "on comparable terms."

  • Coronavirus pandemic | Cannot put a timeline for recovery: IMF Chief Economist Gita Gopinath Apr 15, 2020 08:19 PM IST

    Coronavirus pandemic | Cannot put a timeline for recovery: IMF Chief Economist Gita Gopinath

    Gopinath told CNBC-TV18 in an interview that with lockdowns being implemented around the world, many firms do not have parts they need to produce goods, which is already resulting in supply chain disruptions.

  • Coronavirus pandemic: Wipro to go slow on hiring; defer hikes, promotions Apr 15, 2020 08:06 PM IST

    Coronavirus pandemic: Wipro to go slow on hiring; defer hikes, promotions

    According to reports, the company had hired 12,000 freshers last fiscal and was planning to hire similar numbers in FY21. However, COVID-19 is likely to put a halt to these hiring.

  • Emirates launches first rapid coronavirus test for passengers Apr 15, 2020 08:04 PM IST

    Emirates launches first rapid coronavirus test for passengers

    The flights are open to foreign citizens who wish to leave the country, but no incoming passengers are allowed.

  • Sports Ministry to hold a video conference call with 11 Federations on April 16; likely to discuss the future post COVID-19 Apr 15, 2020 08:03 PM IST

    Sports Ministry to hold a video conference call with 11 Federations on April 16; likely to discuss the future post COVID-19

    It has been learnt from reliable sources in the National Sports Federations (NSFs) that Sports Secretary Radheyshyam Julaniya will address two representatives each from the 11 federations invited for a meeting, the agenda of which has not been disclosed.

  • Coronavirus impact | MFIs sitting on a ticking time bomb as loan defaults likely to go through the roof Apr 15, 2020 07:59 PM IST

    Coronavirus impact | MFIs sitting on a ticking time bomb as loan defaults likely to go through the roof

    NBFC-MFIs are in bigger trouble since, under RBI rules, these companies have to give moratorium to borrowers. But, at the same time, NBFCs are not eligible to get moratorium from banks. Thus, it is a double whammy for these firms.

  • Coronavirus impact | It’s not about losses, it's about survival: UFO Moviez' Kapil Agarwal Apr 15, 2020 07:53 PM IST

    Coronavirus impact | It’s not about losses, it's about survival: UFO Moviez' Kapil Agarwal

    He said that theatres are set to lose business for a good six months, and it is going to be zero for at least three months – March to June.

  • India has less fiscal room to support economy; rise in debt-GDP ratio to weaken credit profile: Fitch Apr 15, 2020 07:50 PM IST

    India has less fiscal room to support economy; rise in debt-GDP ratio to weaken credit profile: Fitch

    Rookmaaker said economic activity in India has been hit hard by the COVID-19 pandemic, as in many other countries, especially those that have imposed lockdowns.

  • Govt to soon clear Rs 10,000 crore 'Fund of Funds' for MSMEs with high credit rating: Nitin Gadkari Apr 15, 2020 07:40 PM IST

    Govt to soon clear Rs 10,000 crore 'Fund of Funds' for MSMEs with high credit rating: Nitin Gadkari

    Gadkari said the government wants the Fund's corpus to be utilised by micro, small and medium enterprises (MSMEs) having AAA rating.

  • Noida: Residential society, housing sector removed from COVID-19 hotspot list, 7 added Apr 15, 2020 07:15 PM IST

    Noida: Residential society, housing sector removed from COVID-19 hotspot list, 7 added

    Those removed from the list of hotspots are Sector 41, Lotus Espacia in Sector 100, Hyde Park in Sector 78 and Sector 30, according to an official list.

  • Coronavirus lockdown guidelines | Amazon, others seek clarity on movement of goods Apr 15, 2020 07:13 PM IST

    Coronavirus lockdown guidelines | Amazon, others seek clarity on movement of goods

    Clamour grows for opening e-commerce across the country manpower and getting small sellers online remains a challenge.

  • Coronavirus pandemic | Here is the complete list of hotspots in India Apr 15, 2020 07:09 PM IST

    Coronavirus pandemic | Here is the complete list of hotspots in India

    Government said states have been asked to classify districts which have reported a higher number of cases as hotspots, the districts where cases have been reported as non-hotspots, and green zones where no cases have been reported

  • Coronavirus pandemic: No country for Delhi's homeless amid lockdown? Apr 15, 2020 07:05 PM IST

    Coronavirus pandemic: No country for Delhi's homeless amid lockdown?

    At least 800 homeless have already been putting up in the night shelters along the Yamuna Ghat. Hundreds of migrant workers have also gathered here after the lockdown was announced last month.

  • Growth will see strong rebound from Q2 FY21: NITI Aayog Apr 15, 2020 07:05 PM IST

    Growth will see strong rebound from Q2 FY21: NITI Aayog

    Kumar said he is convinced that with the fiscal policy package now in the making, India will see economic activity recovering quite strongly from the second quarter of 2020-21.

  • NHAI revenue loss estimated at Rs 1,822 crore on account of toll suspension: ICRA Apr 15, 2020 06:54 PM IST

    NHAI revenue loss estimated at Rs 1,822 crore on account of toll suspension: ICRA

    The revenue loss for NHAI operated toll plazas is estimated at Rs 821 crore, while the compensation to BOT Concessionaires under force majeure (political) event is estimated at Rs 1,001 crore, Icra said in a statement.

  • Coronavirus Essential podcast | Lockdown guidelines are out, hotspots and green zones identified Apr 15, 2020 06:48 PM IST

    Coronavirus Essential podcast | Lockdown guidelines are out, hotspots and green zones identified

    Tune in to find out the top updates on the pandemic.

  • Indian Railways to refund Rs 1,490 crore for cancellation of 94 lakh ticket bookings Apr 15, 2020 06:48 PM IST

    Indian Railways to refund Rs 1,490 crore for cancellation of 94 lakh ticket bookings

    Following the prime minister's announcement, the Indian Railways extended the suspension of all its passenger services till the end of the lockdown.

  • Coronavirus Lockdown 2.0 Guidelines: Appliance makers to resume operations Apr 15, 2020 06:38 PM IST

    Coronavirus Lockdown 2.0 Guidelines: Appliance makers to resume operations

    The Ministry of Home Affairs said manufacturing and industrial establishments in special economic zones, export oriented units, industrial townships and industrial estates will be allowed to operate from April 20 if they fall under non-containment zones

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