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German carrier Lufthansa said on Thursday it will slash 22,000 jobs. (ANI Photo)

Lufthansa to cut 22,000 jobs as travel demand dips on COVID-19 woes

Lufthansa said it will operate about 100 fewer aircraft after the crisis

12 Jun 2020 9:07 AM IST

Automobile registrations in May down 89 percent due to COVID-19 lockdown. (ANI Photo)

Vehicle registrations down 89% in May

For the first time, said FADA President Ashish Harsharaj Kale, the month of April witnessed zero retails

11 Jun 2020 3:33 PM IST

Bombay high court has directed the government of Maharashtra to furnish details of the health condition of HDIL promoter Rakesh Wadhawan and his son Sarang. ( Photo- Twitter)

PMC bank scam: Bombay High Court seeks info on health condition of...

The applicants claimed that there are no proper facilities in jail in view of the coronavirus pandemic

11 Jun 2020 1:14 PM IST

Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising. (AFP Photo)

Oil prices drop on concerns about slow demand, record US stocks

At the same time, gasoline stockpiles grew more than expected to 258.7 million barrels

11 Jun 2020 8:48 AM IST

Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half. (AFP Photo)

Airlines heading for $84 billion loss in 2020, says IATA

With most of the world's airliners currently parked, IATA said revenue would likely fall to $419 billion from $838...

10 Jun 2020 9:18 AM IST

US economy entered recession in February. (AP Photo)

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

9 Jun 2020 8:48 AM IST

Global shares advance on surprise recovery in US employment . (AFP Photo)

Global shares advance on surprise recovery in US employment

Labor Department's employment report showed that jobless rate falling to 13.3% last month from 14.7% in April, a...

8 Jun 2020 10:12 AM IST

Japan still in recession, but economy shrank at lower rate. (AFP Photo)

Japan's economy shrinks less than initial estimate but still in...

Export-dependent Japan's economy had contracted at an annual rate of 7.2% in the October-December period

8 Jun 2020 9:32 AM IST

Auto component sector may see huge job losses if the automotive sector continues to face headwinds due to lack of demand amid coronavirus. (AFP Photo)

Huge job losses imminent in automotive sector if demand remains weak:...

ACMA President Deepak Jain said that auto industry body SIAM has already predicted an annual downturn of 35-40% due to...

7 Jun 2020 2:45 PM IST

Jyotiraditya Scindia's Twitter profile sans BJP causes flutter

His twitter bio on Saturday went viral in social media triggering speculations as to if he has deleted BJP' from his...

7 Jun 2020 11:24 AM IST

Indian labourers work at a construction site on a roadside in New Delhi. Indias 2018-19 jobless rate declines to 5.8%. (AFP Photo)

Unemployment rate falls to 5.8% in 2018-19, says government report

Economists and industry leaders say India's unemployment rate has substantially gone up after the over two-month long...

5 Jun 2020 10:16 AM IST

Mukesh Ambanis Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy. (PTI Photo)

Amid COVID-19, investors bet on Jio and its giant-killer playbook

India's 10-week lockdown led to a surge in demand for data, boosting Jio's phone and broadband offerings

4 Jun 2020 1:14 PM IST