Mother Dairy doubles supply of fruits, vegetables to over 300 tonne/day in Delhi-NCR

Mother Dairy doubles supply of fruits, vegetables to over 300 tonne/day in Delhi-NCR

Sunday, 29 March 2020 | PTI | New Delhi

Mother Dairy has doubled its supply of fruits and vegetables in Delhi-NCR at over 300 tonne per day to meet the rising demand amid the nationwide lockdown even as it faces some logistics challenges, a senior company official said. “Before the lockdown, we used to supply 160-180 tonne of fruits and...

World has entered recession, says IMF

World has entered recession, says IMF

Saturday, 28 March 2020 | PTI | Washington

 The world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, the International Monetary Fund said on Friday, but projected a recovery next year. "We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we...

Sensex drops 131 pts

Sensex drops 131 pts

Saturday, 28 March 2020 | PTI | Mumbai

Market benchmark BSE Sensex closed lower by 131 points or 0.44 per cent in volatile trade on Friday, cutting short its three-day winning run due to deepening growth concerns and a less-than-expected moratorium on loans announced by the RBI in its monetary policy. Stock markets had rallied around 4 per cent...

Moody’s slashes India GDP growth in 2020 to 2.5%

Saturday, 28 March 2020 | PTI | New Delhi

Moody’s Investors Service on Friday slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent and said the coronavirus pandemic will cause unprecedented shock to the global economy. The estimate for 2020 compares to 5 per cent economic...

SBI passes on entire 75 bps repo rate cut to borrowers

Saturday, 28 March 2020 | PTI | Mumbai

The country’s largest lender State Bank of India (SBI) on Friday said it has passed on the entire 75 basis points (bps) repo rate cut announced by the Reserve Bank of India. The new rates, to be effective from April 1, will be applicable for its borrowers availing loans based on...

Govt rubbishes rumours of branch closure, says customer services points open: DFS Secy

Saturday, 28 March 2020 | PTI | New Delhi

Rubbishing rumours of branch closure, Financial Services Secretary Debasish Panda on Friday said bank branches are committed for necessary services during the lockdown and there is no shortage of cash. The Department of Financial Services requested people not to believe rumours of the closure of customer service bank branches. “Customer service bank...

Stock markets retreat as nervous investors pocket week’s gains

Saturday, 28 March 2020 | AFP | London

Stock markets on both sides of the Atlantic retreated Friday as investors banked profits from the week’s equities rally sparked by massive government and central bank action to bolster an economy battered by the coronavirus pandemic. On Wall Street, the Dow Jones index lost more than 700 points in early business,...

SBI passes on entire 75 bps repo rate cut to borrowers

SBI passes on entire 75 bps repo rate cut to borrowers

Friday, 27 March 2020 | PTI | Mumbai

The country's largest lender State Bank of India (SBI) on Friday said it has passed on the entire 75 basis points (bps) repo rate cut announced by the Reserve Bank of India. The new rates, to be effective from April 1, will be applicable for its borrowers availing loans based on...

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Corona-led leadership challenges for Trump

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Why poor migrants need to fend for themselves

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