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COVID-19 to make global economy shrink by almost 1% in 2020: UN

The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast...
Business

Covid-19 moratorium unlikely to benefit borrowers as banks to charge interest later

The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period,...
Business

Opposition Congress demands law against retrenchment in private sector till August

The Congress on Monday demanded that the central government bring in a law or rule to ensure there is no retrenchment of workers in the...
Business

RBI slashes interest rates as virus spreads

India's central bank cut interest rates sharply Friday as the coronavirus outbreak deepens fears for Asia's third largest economy, which was already battling a...
Business

Air India to incur £3.3 million loss a day after coronavirus grounds flights

India's flag carrier Air India is expected to incur losses to the tune of Rs 300-350 million (£3.3-3.85m) per day following the suspension of...
Business

Automakers in India halt production due to coronavirus

India's biggest automaker Maruti Suzuki and peers Hyundai, Mahindra & Mahindra, Fiat Chrysler, Ford and Toyota said they will halt car production due to...
Business

Tata Motors ready to halt plant if virus concerns deepen

Tata Motors is rapidly scaling down activity at its car factory in the western state of Maharashtra and is preparing to close it if...
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