Business

Beaufond PLC to bring White paper on Corporate Social Responsibilities, Corporate Ethics & Corporate Governance to measure Innovations in Trade

News Desk September 11, 2020

Beaufond PLC, One of the fastest & innovative global Billion $ trading company with headquartered at Dubai International Financial Centre having formidable market share in pharmaceutical business has embarked on a mission to streamline corporate affairs by bringing out an exclusive

Business

Beaufond PLC announces 3rd Quarter 2019-20, posts 62.16 % increase in EBITDA to USD 17.736 million of against USD 10.937 million to the corresponding period of last year.

News Desk July 1, 2020

Beaufond PLC continues to pursue its development strategy and once again delivers strong operating results, outperforming its industry. Beaufond PLC’s pharmaceutical business has recorded an excellent performance in 2020, exhibiting once again the relevance of its strategy and its operational discipline. Quarter after quarter, Beaufond PLC demonstrates its ability to

Business

China passes sweeping Hong Kong security law, heralding new authoritarian era

News Desk June 30, 2020

Beijing unveiled its national security law for Hong Kong on Tuesday, punishing crimes of secession, subversion, terrorism and collusion with foreign forces with up to life in prison, heralding a more authoritarian era for China’s freest city. China’s parliament passed the tailor-made legislation earlier in the day, giving Beijing sweeping powers over its implementation and

Business World

Donald Trump may reconsider & suspend H-1B visas & other Visas

News Desk June 13, 2020

US President Donald Trump is considering suspending a number of employment visas including the H-1B, most sought-after among Indian IT professionals, in view of the massive unemployment in the US due to the coronavirus pandemic, according to a media report. The proposed suspension could extend into the government’s new fiscal year beginning October 1, when […]

Business

COVID-19 impact on economy in Singapore. Economy to shrink 4%-7% in 2020

News Desk May 26, 2020

SINGAPORE — Singapore could be heading for its worst recession on record as the Ministry of Trade and Industry (MTI) on Tuesday (May 26) further downgraded its growth forecast, expecting the economy to contract by between 4 and 7 per cent in 2020. This is the second downgrade in two months, from an initial contraction […]

Business

Finance Minister Nirmala Sitharaman unveils revival of economy post Prime Minister Narendra Modi’s announcement of Rs 20-lakh-crore stimulus package. Distressed MSME’s get breather.

News Desk May 14, 2020

Here is the full text of finance minister Nirmala Sitharaman’s announcements during the press-meet Covid-19 Package Nirmala Sitharaman on Wednesday released the details of the ₹20 trillion stimulus packages to restore the health of Indian economy hit by Covid-19 pandemic. Sitharaman said banks will provide Rs3 trillion as automatic collateral-free loans to standard MSMEs.

Breaking News Business

PM Modi announces Rs 20 lakh cr special economic package

News Desk May 13, 2020

Prime Minister Narendra Modi announced a special economic package worth over 20 lakh crore rupees and 10% of India’s GDP in view of the coronavirus pandemic. He said the package would provide relief to almost every segment of the population. He added that the details of the package would be announced in the next few […]

Business

SBI complains to CBI after Rs 411-crore loan defaulter flee country

News Desk May 10, 2020

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the company engaged […]

Business

Sensex falls over 300 pts in early trade; HCL Tech jumps 3 pc.NSE Nifty slipped 33 points, or 0.36 per cent, to 9,237.90.

News Desk May 7, 2020

Equity benchmark Sensex fell over 300 points in early trade on Thursday as spiking COVID-19 cases in the country and poor macroeconomic data weighed on investor sentiment. After touching a low of 31,362.96, the 30-share index was trading 158.23 points or 0.50 per cent lower at 31,527.52. Similarly, NSE Nifty slipped 33 points, or 0.36 […]

Breaking News Business

India enters the most crucial phase of Lockdown 3.0 from May 4. Know what is permitted & relaxed. What to keep in mind when you visit liquor shop.

News Desk May 3, 2020

The Ministry of Home Affairs Friday extended the nationwide lockdown for two more weeks – now ending on Monday, May 17. In an order issued this evening. “After a comprehensive review and in view of the lockdown measures having led to significant gains in the Covid-19 situation, the government has decided to further extend the […]