Business

Finance Minister Nirmala Sitharaman had announced an economic support package for MSMEs, which includes disallowing global tender for government procurement up to Rs 200 crore.

Executive Vice President, Milind Lakkad said, TCS has hired over 20,000 employees in the last five years in the US, making it one of the top job creators in IT services and consulting.

India's rice exports were 9 million tonnes during the 2019/20 fiscal year, the lowest in eight years, government data showed.

This will enable states to meet a larger proportion of their redemption of market borrowings due in the current financial year from CSF.

The complaint, which was filed in the Eastern District of New York over alleged claims for violations of the US federal securities laws.

With the latest deal, Jio Platforms will get a combined Rs 78,562 crore from the five investments.

Global equities surged overnight, though gains during Asian hours were limited by lingering caution about the long-term impact of the coronavirus outbreak.

Foreign investors have pulled an estimated $26 billion out of developing Asian economies and more than $16 billion out of India, increasing concerns of a major economic recession in Asia

The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur, with Malaysia signing a deal last week to buy a record 100,000 tonnes of Indian rice.

In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed.

In another initiative, the government has also decided to encourage domestic production of spare parts of military systems procured from defence majors abroad.

Mallya, promoter of the defunct Kingfisher Airlines, is wanted in India over alleged fraud and money laundering charges amounting to estimated Rs 9,000 crore.

The Gilead pact signed between Jubilant Life Sciences' subsidiary Jubilant Generics Ltd and Gilead, will grant the former the right to register, manufacture and sell the latter's investigation drug, remdesivir - a potential therapy for Covid-19.

According to National Statistical Office data, manufacturing sector output fell by 20.6 per cent compared to a growth of 3.1 per cent in the same month a year ago.

A CII report filed in April said that India's GDP is likely to range between a decline of 0.9 per cent and a growth of 1.5 per cent in the current financial year due to the coronavirus-induced lockdown.

Jewellery demand, which is primarily driven by marriage season and a couple of festivals in the first quarter, has been significantly washed out due to the ongoing nationwide lockdown.