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…

EIU, Moody’s slash India’s growth forecast

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…

No foreign flights till April 14 midnight: DGCA

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 founders to draw zero salary

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…

Mumbai, Delhi property purchases see huge drop

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…

Rs 41,000 crore stimulus for desi mobile makers

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,…

No int’l flights to land in India from March 22

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…

Virus cover available, but yet to kick in

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.

S&P sees GDP growth slowing to 5.2% in 2020

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.

Rupee slips past 75-mark against US dollar

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…

Arundhati Bhattacharya to be Salesforce India CEO

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…

India bars entry of travellers from UK, EU, Turkey

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 down 19.08% in February

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…

RBI may slash rates by at least 65 bps by June

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…