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Indias economy seen slowing rapidly even before coronavirus outbreak. (PTI Photo)

Even before Covid19, India's economy was slumping

The economy grew by 3.1% in Jan-Mar quarter of 2019-20, against 5.7% at the same time a year ago, the slowest growth in...

30 May 2020 11:17 AM IST

Commuters crowd Cadorna train station in Milan, Italy. (AP Photo)

Italy slips into great recession since World War II

Business confidence in the eurozone's third largest economy in May plummeted to its lowest level

30 May 2020 10:03 AM IST

Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Singapore cuts GDP outlook again as virus batters economy

Singapore's economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 9:00 AM IST

Indias crude oil imports fall, product exports surge in April. (AFP Photo)

India's crude oil imports fall, product exports surge in April

Oil product imports dropped 6.5% to 3.35 million tonnes, their first year-on-year decline in 16 months

23 May 2020 9:22 AM IST

Indiabulls Group asks nearly 2,000 employees to resign. (PTI Photo)

Indiabulls sacks nearly 2,000 employees

Some employees of the company have claimed that they received a transfer order as they have not submitted their...

22 May 2020 1:14 PM IST

Bharti Airtel reports fourth-quarter loss of 52.37 billion rupees. (PTI Photo)

Bharti Airtel reports fourth-quarter loss of Rs 52.37 billion

Bharti Airtel seen an increase in data traffic during Covid-19 pandemic

19 May 2020 9:18 AM IST

Asia shares, oil rally on vaccine hopes. (AP Photo)

Asia shares, oil rally on hopes for coronavirus vaccine

Oil prices jumped to their highest in over two months, as the easing of global lockdowns boosted

19 May 2020 9:15 AM IST

Japan slips into recession, worst yet to come as pandemic wreaks havoc. (AFP Photo)

Japan slips into recession, slump set to worsen as pandemic wreaks...

The world's third-largest economy shrank for second consecutive quarter in three months to March, intensifying challenge...

18 May 2020 8:42 AM IST

The country-wide lockdown has led to a labour shortage across rural India. (PTI Photo)

India's farmers gather record wheat crop, but cannot move it

The largest crop gathered globally during the pandemic, which is worth more than $26 billion

15 May 2020 10:13 AM IST

Coronavirus crisis continues to batter the U.S. labor market, with millions more Americans expected to have filed for unemployment benefits. (AP Photo)

US weekly jobless benefits to stay elevated as coronavirus layoffs...

The economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression of...

14 May 2020 10:08 AM IST

Kotak Mahindra Bank cuts 10% pay for all staff earning above Rs 25 lakh. (PTI Photo)

Kotak Mahindra Bank announces 10% pay cut for staff earning above Rs...

The move comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21

7 May 2020 1:43 PM IST

India hikes taxes on petrol, diese. (PTI Photo)

Consumers won't benefit from lower crude oil prices as govt hikes...

Taxes and duties on petrol and diesel were increased by 10 rupees/litre and 13 rupees/litre, respectively

6 May 2020 10:27 AM IST