‘The Centre doesn’t think of the states. We have to manage the crisis.’ Kerala, with other states, is planning to drag the Centre to the Supreme Court for not paying its GST dues worth Rs 40,000 crore, with another Rs 40,000 crore of integrated goods and services tax pending. Kerala Finance Minister Thomas Isaac tells Dilasha Seth why the state […]
Read moreAvailable slots for supermarket deliveries may be rarer than hens’ teeth, but an army of small firms are finding new ways to feed and water the nation – and keep themselves in business in the process. Some entrepreneurs who have never dabbled in food and drink before are now doing so. The London-based company I Hate Ironing, a dry-cleaning delivery […]
Read moreTech Mahindra Ltd. joined the Marco Polo trade finance network to use the platform’s distributed ledger technology (DLT) for developing improved international trade finance solutions for its customers. Singapore-based DBS Bank acted as Tech Mahindra’s leading trade bank. The Marco Polo Network allows members to offer and access a complete suite of trade and working capital solutions. It will provide […]
Read moreStocks moved sharply lower early in the trading day on Friday, giving back ground after moving sharply higher over the past few sessions. The pullback on the day comes after the Dow recorded its biggest three-day spike since 1931. The major averages have moved roughly sideways in recent trading, stuck firmly in negative territory. The Dow is down 919.78 points […]
Read moreIn this article As the coronavirus rages across the continent, European Union officials are starting to draw up plans for the day after. With the death toll still spiraling and no end in sight to the restrictions that have brought the EU economy shuddering to a halt, no one yet has any firm idea of quite how extensive the wreckage […]
Read moreThe coronavirus has forced millions off their jobs in recent weeks, and some states are taking a disproportionate hit. Among states with a labor force above 1 million people, Pennsylvania, Nevada and Michigan saw the largest share of their workers — around 10% — file for unemployment benefits in the past three weeks, according to a Bloomberg News analysis of […]
Read moreNew York (CNN Business)Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a record spike in the oil market Thursday. President Donald Trump suggested massive production cuts could be on the way and Saudi Arabia called for an “urgent” meeting between OPEC, Russia and other unnamed nations to restore “balance” […]
Read moreGlobal oil prices rebounded to more than $30 a barrel for the first time in almost a month on Thursday after Saudi Arabia and Russia signalled a possible truce in the price war which triggered the fastest oil market collapse in decades. The price of Brent crude leapt by 30% after the US president, Donald Trump, fanned hopes of a […]
Read moreMany chief executives have already worked out that their pay packets, and those of their senior executives, will have to take a hit. In this climate, bosses cannot lay off staff, or place them in furlough, and expect life to carry on as normal for themselves. There’s no harm, though, in big City fund managers aligning themselves with the message. […]
Read moreStocks moved sharply higher over the course of the trading session on Thursday as traders shrugged off data showing a spike in first-time jobless claims. The Dow and the S&P 500 closed higher for the third straight day, climbing further off Monday’s three-year lows. The major averages saw further upside going into the close, ending the day just off their […]
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