Skoda has launched the new 2020 Rapid in Russia at a starting price of 792,000 rubles (around ₹7.70 lakh). The company has opened bookings for the second generation Skoda Rapid in Russia. The top-end version of the 2020 Rapid will cost 1,171,000 rubles (around ₹11.38 lakh). The car will be offered in Russia […]
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Govt asks private security agencies to pay workers during coronavirus lockdown
With reports of a large number of private companies, cinema halls and hotels terminating private security guards or keeping skeletal staff, the government has written to several industry bodies associated with private security asking them to adopt a “humane approach” and protect its workers amid layoffs during the lockdown across […]
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Stocks jump 5% as hopes build for coronavirus stimulus package
Stocks are opening sharply higher on Wall Street Tuesday as hopes build that Congress will agree on a big coronavirus relief bill. That would follow more aggressive steps from the Federal Reserve announced a day earlier to support lending and bond markets. Major U.S. indexes jumped more than 5% in […]
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Asian shares jump after Dow sees biggest gain since 1933
Shares opened sharply higher in Asia on Wednesday after the Dow Jones Industrial Average surged to its best day since 1933 with Congress and the White House nearing a deal on injecting nearly $2 trillion of aid into an economy ravaged by the coronavirus. Japan’s Nikkei 225 index jumped 5.3%, […]
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Government opens door to raise excise duties on petrol, diesel
The Union government on Monday moved an amendment to the Finance Bill, 2020 to keep the option of raising additional excise duty on petrol and diesel by another Rs 10 per litre, signalling its intent to mop up any gains from falling international oil prices as pump prices of the […]
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Sensex starts over 1,400 higher on Fed relief measures; pares gains
Equity benchmark Sensex recovered over 1,400 points in opening session on Tuesday tracking gains in Asian peers after US Federal Reserve announced limitless bond-buying programme to support the US economy. Investor sentiment in Asia improved in anticipation of a revival in demand from the economic giant, traders said. After rallying […]
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’Won’t make sense’: Trump says they can make ventilators but car companies aren’t sure
President Donald Trump caused consternation in Washington, Detroit and beyond when he tweeted on Sunday that he had given automakers the “go-ahead” to start producing ventilators and other equipment desperately needed in the coronavirus pandemic. What is clear, though, is that companies were already racing to try to determine how — […]
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Sensex cracks 3,000 points to 26,730 as trading resumes after halt
Domestic stock trading on Monday resumed after a 45-minute halt, with equity benchmark Sensex plummeting further to 3,186 points and the broader Nifty sinking below 7,900 level. Stock exchanges paused trading for 45 minutes after Sensex plunged 10 per cent, hitting its lower circuit limit, within the first hour of […]
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Covid-19 update: Rupee tanks 95 paise, falls below 76 level against US dollar
The Indian rupee slipped further by 95 paise to 76.15 against the US dollar in opening trade on Monday amid sharp rise in coronavirus cases in the country and heavy selling in domestic equities. Forex traders said market participants are concerned that the sharp rise in coronavirus cases, with nearly […]
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Coronavirus update: Calls for rate cut grow louder
Calls are growing louder for the Reserve Bank of India (RBI) to reduce interest rates to stimulate economic growth in the aftermath of the coronavirus pandemic that is expected to take a heavy toll on global economic growth after wreaking havoc in world financial markets. In the face of accelerating […]
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Uber, Ola suspend pool ride service to stop Covid-19 spread
Cab-hailing companies Uber and Ola said on Friday they have suspended pool ride services across India in the wake of growing new coronavirus fears. The companies witnessed a huge drop in its pool service as people were afraid to share the rides with strangers while new coronavirus cases surged in […]
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BSNL offers free broadband for a month to support work from home amid coronavirus crisis
State-run telecom firm BSNL on Friday announced free broadband service for its landline and new customers for a month to support ‘work from home’ allowed by most organisations amid the coronavirus outbreak. New customers opting for copper cable based connection will not have to pay even installation charges but will […]
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Tata-owned JLR suspends production
The Tata-owned Jaguar Land Rover on Friday confirmed that it is temporarily suspending production at its manufacturing facilities in the United Kingdom over the course of next week due to the coronavirus pandemic. A company release said production will resume in the week beginning April 20 subject to a review […]
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Nirmala Sitharaman reviews sectors that may need intervention
A day after Prime Minister Narendra Modi announced the creation of a Covid-19 Economic Response Task Force, Union finance minister Nirmala Sitharaman, who will lead the task force when it is formally set up, met her Cabinet colleagues and senior officials to evaluate sector-specific concerns and draw up measures to […]
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Exclusive: 2020 Harley-Davidson Fat Boy BS 6 price details confirmed
The stricter BS 6 emission norms deadline is just around the corner and majority of automakers have already rolled out required updates in order to continue sales post April 1st. Harley-Davidson India announced on Wednesday that it is going to offer its products to the defence personnel and will sell the Street […]