Cognizant offers 25% ‘gratitude’ pay
Cognizant Technology Solutions on Friday announced that it will pay a ‘gratitude’ allowance of 25% of basic pay to more than 1.35 lakh employees in India. This is being paid…
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Cognizant Technology Solutions on Friday announced that it will pay a ‘gratitude’ allowance of 25% of basic pay to more than 1.35 lakh employees in India. This is being paid…
The Indian economy will grow by 2.1% in 2020-21, while nearly all major G20 economies will shrink, the Economist Intelligence Unit (EIU) said on Friday as global ratings agency Moody’s…
Hours after the Reserve Bank of India reduced the repo rate by 75 basis points, the country’s largest lender State Bank of India on Friday said it would pass on…
he impact of the coronavirus pandemic and the consequent 21-day countrywide lockdown will push India’s GDP growth to 2.6% for FY21, the lowest in nearly three decades, according to an…
All international commercial passenger flights will remain suspended till April 14, aviation regulator DGCA announced on Thursday, amid a nationwide lockdown to prevent the spread of the novel coronavirus. The…
MakeMyTrip’s co-founders — executive chairman Deep Kalra and CEO Rajesh Magow — said that they will be on zero salary from April, while the leadership team will also take a…
To fight the economic downturn amidst coronavirus pandemic, India is likely to introduce an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion), said two sources familiar…
Walmart Inc’s Flipkart has suspended services as India began a 21-day lockdown to fight the spread of the coronavirus pandemic. PM Narendra Modi ordered the lockdown from Tuesday midnight, but…
The Covid-19 is yet another black swan moment in India’s residential real estate market which will lead to further dip in sales and postponement of launches, ICICI Securities said. The…
Reliance Industries on Monday said it will pay contract and temporary workers wages even in case of no work due to coronavirus outbreak, set up India’s first dedicated Covid-19 hospital…
Mahindra Group chairman Anand Mahindra on Sunday proposed lockdown for the next few weeks, expressing concerns over reports that India is likely to have already reached stage-3 of coronavirus transmission.…
The government has approved a mega Rs 41,000 crore booster for local manufacturing of mobile phones and their components, giving out incentives between 4-6% towards specified Make in India initiatives,…
With 38 central banks around the world reducing interest rates in recent weeks in the wake of the coronavirus crisis, Reserve Bank of India is widely expected to follow suit.
With continuing support from Asian Paints, St+art India brings St+art Chennai 2020, the city’s first ever urban arts festival to showcase thought-provoking m…
Fitch Ratings on Friday cut India’s growth forecast to 5.1 per cent for FY 2020-21, saying the coronavirus outbreak is likely to hit business investment and exports. Fitch had in…
Ashish Gupta is surprised that not a single Indian billionaire sued him in the last decade. His 2012 “House of Debt” report for Credit Suisse Group AG gave investors an…
India has barred all scheduled international commercial flights from Sunday, March 22 for a week as the deadly coronavirus continued to spread. India gets around 300 flights from abroad every…
As the number of coronavirus cases in India climbs to about 160, the insurance regulator has said that current health insurance plans in the market are adequate to protect policyholders.
Global ratings agency S&P on Wednesday lowered India’s GDP (gross domestic product) growth forecast for 2020 to 5.2% from the earlier 5.7% against the backdrop of the Covid 19 outbreak.
The Indian rupee plunged on Thursday and slipped past the 75-mark against US dollar as investors fretted over the sharp rise in coronavirus cases in the country and its impact…
Despite coronavirus’ dark shadow on travel, India saw 1.2 crore people flying within the country last month — up almost 9% from 1.1 crore in February 2019. The first two…
Former State Bank of India (SBI) chairperson Arundhati Bhattacharya will lead the India operations of Salesforce, one of the world’s leaders in customer relationship management (CRM) software. The $17-billion US…
Afghanistan, Philippines and Malaysia have been added to the list of countries from where no one — including Indian citizens — can fly direct to India till the month-end to…
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR), two sources familiar with…
India has temporarily barred entry of travellers from United Kingdom, European Union, Turkey and European Free Trade Association from March 18. In addition, those either coming from or transiting through…
Automobile sales in India across categories declined 19.08 per cent in February as economic slowdown continued to hit demand, besides lower production in view of transition to BS-VI emission norms…
Given the coronavirus pandemic and the resultant bloodbath in global markets, including in the country, and plunging asset prices, the RBI (Reserve Bank of India) will begin to look beyond…
India’s exports of sugar to Malaysia so far in 2020 have nearly tripled over the figure for all of last year, as Kuala Lumpur steps up purchases to placate New…
The political and economic crises are tightly interwoven. When Narendra Modi became prime minister at the head of the Bharatiya Janata Party in 2014, he promised to do for India…
The State Bank of India on Wednesday rationalised interest rate on all savings bank accounts to a flat 3 per cent, a move affecting 44.51 crore account holders. The bank…