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Donal Trump fumes at China, threatens to terminate the trade deal with China if Beijing did not honour its provisions in the wake of the coronavirus pandemic that originated in the country.

Washington, Apr 22. US President Donald Trump has threatened to terminate the trade deal with China if Beijing did not honour its provisions in the wake of the coronavirus pandemic that originated in the country. While China has reported 82,788 novel coronavirus cases, including 4,632
Breaking News Business

Mukesh Ambani Led Reliance JIO inks deal with Social Media giant Facebook. Facebook To Invest ₹ 43,574 Crore In Jio Platforms For A 9.99% Stake

Mumbai, April 22, 2020: Reliance Industries Limited (“Reliance Industries”), Jio Platforms Limited(“Jio Platforms”) and Facebook, Inc. (“Facebook”) today announced the signing of bindingagreements for an investment of ₹ 43,574 crore by Facebook into Jio Platforms. This investmentby Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value ($65.95
Business

India resumes limited business operations with conditions, Govt ensures no mass gatherings & free movement without following lockdown guidelines

India’s 1.3 billion population has been under one of the world’s toughest lockdowns with people forbidden from stepping out of their homes except for food and medicines until May 3. But Prime Minister Narendra Modi’s government said some activities, including factories and farming, would be allowed from Monday in the hinterland which has been less-hard […]
Business

Partial relaxation in Kerala. Kerala to implement odd-even scheme from today. The relaxations of restrictions imposed would come into effect in the Green and Orange-B zones in the state

The relaxations of restrictions imposed would come into effect in the Green and Orange-B zones in the state Thiruvananthapuram: The Kerala government announced relaxation of COVID-19 lockdown restrictions in two zones, allowing among others private vehicles movement in an odd-even basis and dine-in services at hotels from Monday. State police chief Loknath Behera said the
Breaking News Business

India tightens FDI norms for investors from neighbouring countries in the wake of COVID-19 pandemic. Move intended to restrict China to control indian companies via automatic route

New Delhi. A company or an individual from a country that shares land border with India can invest in any sector here only after getting government approval, according to DPIIT. The decision, which is likely to impact foreign investments from countries like China, has been taken to curb “opportunistic takeovers or acquisitions” of domestic firms […]
Breaking News Business World

Living In A World Of Uncertainty. COVID-19 may change the world order like never before, People may come out of streets to get two meals a day.

Covid-19 pandemic has devastated the world with as many as 210 Countries and Territories around the world have reported a total of 2,252,370 confirmed cases of the coronavirus COVID-19 that originated from Wuhan, China, and a death toll of 154,322 deaths. India has reported the number of positive coronavirus cases in at 14,425,14,425 with death […]
Business

Reserve Bank of India steps in to bail out industry, MSME’s. The central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic.

RBI to ensure adequate liquidity in system; cuts reverse repo rate by 25 bps Mumbai, Apr 17 The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo […]
Business

Govt issues set of new guidelines for the extended lockdown. All finance related institutions and health related services will remain fully functional.

The Center today notified a new set of guidelines in light of the extension of the nationwide lockdown till 3rd of May. In order to mitigate the hardship for the public and relax provisions for the daily wage workers and farmers, select additional activities have been allowed which will come into effect from 20th of […]