Home » Business

Business - Page 77

India toughens public procurement rules for bidders from bordering nations. (AP Photo)

In move against China, India tightens rules on investments from...

The Indian government's statement said the decision was taken to strengthen the defence of India and national security

24 July 2020 9:55 AM IST

Bajaj is facing supply chain issues at its plants in India due to lockdowns imposed by local governments. (PTI Photo)

Bajaj Auto focuses on exports as India battles COVID-19 pandemic

Between January and June, it exported 6,64,000 motorcycles while selling 5,89,000 in India, company data showed

24 July 2020 9:19 AM IST

Tesla overcame a seven-week pandemic-related shutdown at its California assembly plant to post a surprising $104 million net profit for the second quarter. (AFP Photo)

Tesla makes $104 million surprise profit despite factory shutdown

Musk also said he's confident about rolling out full self-driving technology by the end of the year

23 July 2020 4:02 PM IST

Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

Daimler Q2 loss widens on weak demand

CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing the first signs...

23 July 2020 3:26 PM IST

Air India reduces monthly allowances of employees by up to 50%. (PTI Photo)

Air India slashes employee monthly allowances by up to 50%

The Air India order said 11 types of allowances for pilots would stand reduced by 40 percent

23 July 2020 2:58 PM IST

India to offer production linked incentives to boost manufacturing. (PTI Photo)

India plans to offer production linked incentives for five sectors

Incentives have also been announced for pharmaceutical companies for production of bulk drugs and on medical devices

23 July 2020 1:34 PM IST

Consumers in India are cautious about spending in the wake of the coronavirus pandemic. (PTI Photo)

78% Indian consumers cut spending amid COVID-19 crisis: KPMG

Consumers in tier-III cities were 1.4 times more inclined towards spending on apparel than tier-I cities, it said

23 July 2020 12:08 PM IST

US to pay Pfizer, BioNTech $1.95 billion for COVID-19 vaccine. (AFP Photo)

Pfizer, BioNTech reach $1.95 billion COVID-19 vaccine deal with US

The contract for 100 million doses of the vaccine amounts to a $39 price tag for what is likely to be a two-dose course...

23 July 2020 10:19 AM IST

Glenmarks trial results show significant faster time to clinical improvement with Favipiravir. (Representative Image)

Glenmark's Favipiravir shows positive results in Phase-3 COVID-19...

The results also demonstrated 40 per cent faster achievement of 'clinical cure' defined as the physician's assessment of...

23 July 2020 9:40 AM IST

Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves . (AFP Photo)

Oil ticks up, but gains capped by demand destruction

Prices have been marking time since hitting a four-month high earlier in the week on hopeful news about a coronavirus...

23 July 2020 9:08 AM IST

Bajaj Auto on Wednesday posted a 60.92 per cent decline in its consolidated net profit at Rs 395.51 crore for the first quarter ended June 30. (ANI Photo)

Bajaj Auto reports 61% fall in June quarter profit

Its total revenue from operations fell to Rs 3,079.24 crore for the April-June period, down 60.29 per cent

22 July 2020 2:23 PM IST

SEBI Chairman Ajay Tyagi said that spike in equity market retail participation seen since lockdown. (PTI Photo)

Retail investors flocking to stock markets amid COVID-19 crisis: SEBI...

New demat accounts have shot up as several participants were first time investors, Tyagi said at FICCI event on capital...

22 July 2020 1:19 PM IST