Author: Finance Khabar

Atlanta : The COVID-19 pandemic is an ongoing global crisis. NIIT Limited is first and foremost concerned for the victims of the disease, their families, and anyone else who is being adversely affected by this tragic outbreak. As the situation continues to evolve, businesses around the world find themselves in uncharted territory as they scramble to manage through the crisis. This includes learning and development organizations that will have to make major changes in their delivery approach almost overnight. In response to this unprecedented pandemic, NIIT Limited and its subsidiary, Eagle Productivity Solutions Inc have developed a set of actionable…

New Delhi: With the rising number of coronavirus cases in India, there has been an explosion of conversations related to Covid-19, largely centered on how to treat, contain and suppress it. The volume and the velocity through which these messages are shared can sometimes lead to uncertainty, stress, and panic. To address this, it becomes even more important that information shared should be verified and comes from a reliable source. In a mission to share best practices and knowledge related to the global pandemic, Pristyn Care – a healthcare company that specializes in elective surgeries through the latest technologies -…

Mumbai: Equity benchmark indices closed over 4 per cent higher on Thursday as Finance Minister Nirmala Sithamran announced a Rs 1.7 lakh crore stimulus package to provide various relief measures for the poor amid downturn caused by the coronavirus outbreak. Market sentiment also improved after the US Senate unanimously passed a two trillion dollar stimulus package meant to cushion the economic blow of COVID-19 for American workers and businesses. Besides, value buying in banking stocks lifted the benchmark indices higher. The BSE S&P Sensex closed 1,411 points or 4.94 per cent higher at 29,947 while the Nifty 50 edged higher…

New Delhi: Finance Minister Nirmala Sitharama on Thursday stated the government is planning to provide a relief package of Rs 1.7 lakh crore to the underprivileged, poor and migrant workers affected by the lockdown amid COVID-19 outbreak. The scheme has been named Pradhan Mantri Garib Kalyan Scheme. She also said that workers – like nurses, paramedics and sanitation staff – who were in the frontline of the war against the disease, will be provided medical insurance cover of Rs 50 lakh per person. Prime Minister Narendra Modi had on Tuesday announced a 21-day lockdown in the entire country effective from…

New Delhi: In an urgent move towards expanding the coronavirus diagnostics in India, the Indian Council of Medical Research (ICMR) has invited quotations from manufacturers for supply of kits for the testing of COVID-19. The move comes in the wake of the number of coronavirus cases crossing the 600 mark in the country with 13 deaths recorded so far. According to the apex health research body, it will procure seven lakh US FDA-EUA/CE-IVD/ICMR-NIV Pune-approved RNA extraction kits. Any manufacturer with an Indian-based supplier can submit quotations by Thursday 2.30 pm, the ICMR said. The kits have to be supplied to…

Facebook and Apple have announced they have donated emergency reserve masks to help frontline healthcare workers stay protected during the novel coronavirus outbreak. Apple CEO Tim Cook tweeted on Sunday how the company was donating “millions of masks for health professionals in the US and Europe”. “Our teams at Apple have been working to help source supplies for healthcare providers fighting COVID-19.” he said. Similarly, Facebook chief executive Mark Zuckerberg said that the social media company has donated 720,000 masks. “Health workers urgently need more protective gear. To help, Facebook donated our emergency reserve of 720,000 masks that we had…

New Delhi: Mukesh Ambani’s Reliance Industries stock rose nearly 15 percent on Wednesday. Subsequently, Reliance Industries overtook TCS to regain the title of the Indian company with the highest market capitalization. The Reliance Industries stock closed at Rs 1,081.25, up 14.65 percent on the BSE. At one time during the business it had climbed 22.25 percent to Rs 1,152. On the NSE too, its stock closed up 13.84 per cent at Rs 1,074. The market capitalization of Reliance Industries increased by Rs 87,576.98 crore to Rs 6,85,433.30 crore. TCS had a market capitalization of Rs 6,57,492.85 crore at the close…

Yes, you are in the most difficult phase of your personal and professional life. It is quarantine period, wherein social distancing is a must to reduce the coronavirus spread. They say every sunset is a sign that the day has ended but every sunrise means there is going to be a new day with new hopes and lots of possibilities. If we believe in the quote, we will realize that your small business can also survive and sustain in this crisis. All you need to do is ‘Have Faith that This too shall Pass’. Here are some creative tips to…

Mumbai: IndiGrid, India’s first power sector infrastructure investment trust (InvIT), has announced the acquisition of another transmission asset, East North Interconnection Company Ltd, from Sterlite Power at a value of Rs 1,020 crore. With this acquisition, IndiGrid’s assets under management will increase by 10 per cent to about Rs 12,184 crore. IndiGrid’s asset portfolio will increase to nine power transmission projects with a total network of 20 power transmission lines spanning across more than 5,800 circuit kilometres across 13 Indian states. ENICL is a part of the Inter State Transmission System (ISTS) network developed by Sterlite Power. It consists of…

Startup is nothing but an initial set-up with a group of people trying to put their entire efforts to make an idea work. As per research, 90% of startups fail. Shocked? But that’s the fact. Many startups fail due to hell lot of reasons. Here I list only some of the common reasons for startup failure: 1) Lack of a good team:A team can make or break a company. Many startup founders don’t realize the same and hire and fire their employees based on their requirements. This leads to a lot of bad reputation of the startup in the market.…

Mumbai: Suburban Diagnostics has been appointed by the Indian Council of Medical Research (ICMR), Department of Health Research as one of the private labs to test for COVID-19. Suburban Diagnostics is accredited by NABL and CAP and is ready to serve the community in this crisis. With utmost credibility and all requisite lab provisions in place, Suburban Diagnostics is ensuring reporting within 24 hours, by running two batches daily at 10 am and 2 pm. Moreover, their PCR facility is equipped with Class 2 Biosafety cabinets with BSC level 2 compliance, a unidirectional workflow with a five-room concept with a…

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Rs 1,340 crore recapitalisation of regional rural banks to improve their capital to risk-weighted assets ratio. Union Minister Prakash Javadekar said the CCEA approved the utilisation of Rs 670 crore as the Central government’s share for the scheme. The decision will provide minimum regulatory capital to regional rural banks for another year beyond 2019-20, that is up to 2020-21 for those which are unable to maintain minimum capital to risk-weighted assets ratio (CRAR) of 9 per cent as per regulatory norms prescribed by the Reserve Bank of India…

Singapore: Moody’s Investors Service on Wednesday downgraded Delhi International Airport Ltd’s (DIAL’s) corporate family rating and senior secured ratings to Ba3 from Ba2. At the same time, Moody’s downgraded DIAL’s baseline credit assessment to Ba3 from Ba2. The ratings have also been placed on review for further downgrade. The outlook has been changed to rating under review from stable. “The rating action reflects the worsening coronavirus outbreak and the increasingly stringent travel restrictions imposed both in India and globally, including ongoing measures introduced by the government,” said Moody’s. “The downgrade to Ba3 reflects our expectation of a sharp decline in…

Mumbai: : Shares of Yes Bank dropped by 14.41 per cent on Wednesday afternoon even as ICRA upgraded its commercial papers and placed them on rating watch with developing implications. ICRA said the ratings upgrade factors in removal of the moratorium from March 18 which was earlier imposed on Yes Bank Ltd (YBL) by the Central government, thereby restricting payments to its depositors and creditors. The government has also approved the reconstruction scheme for the bank, based on which YBL has received equity of Rs 10,000 crore from State Bank of India (SBI) which is now holding 48.2 per cent…

Mumbai: Equity benchmark indices closed nearly 7 per cent higher on Wednesday as Asian shares extended a rally after Wall Street’s strong rebound overnight. Reports said the US Senate leaders had reached deal with the White House on a two trillion dollar coronavirus stimulus package. The BSE S&P Sensex closed 1,862 points or 6.98 per cent higher at 28,536 while the Nifty 50 ticked up by 497 points or 6.37 per cent to 8,298. All sectoral indices at the National Stock Exchange were in the green with Nifty financial service gaining by a whopping 9.7 per cent, private bank by…

Gurugram: Walmart India has promoted Sameer Aggarwal to the position of Chief Executive Officer for its Best Price wholesale stores from April 1. He will report directly to Dirk Van den Berghe, Executive Vice President and Regional CEO of Asia and Global Sourcing. Aggarwal is taking over the CEO position from Krish Iyer who is retiring from full-time management and will assume the role of an advisor to Best Price after eight years with the company. Aggarwal joined Walmart India in April 2018 as Executive Vice President overseeing strategy and administration and was promoted to Deputy CEO in January 2020.…

Google’s temporary staff whose contracts were supposed to end during the height of the coronavirus pandemic, will now be extended an additional 60 days. The company said contractors who had assignments scheduled to end during the height of the COVID-19 pandemic will be automatically extended two months, according to an internal document viewed by CNBC. This also includes assignments that have reached their maximum length, “where legally allowed,” the document stated.

New Delhi: Healthians, India’s largest doorstep health test provider, on Tuesday announced that the company has launched a chatbot to spread awareness about the virus, where individuals can ask their queries and receive verified information. The chatbot will disseminate accurate information about the coronavirus to the masses and dispel myths and doubts. The chatbot is simple to use and has been customized keeping for Indian audience. “We have received many queries from customers calling and panicking with minor symptoms and wanted to consult a doctor or get tested. We quickly responded to the situation by making it easy for people…

Mumbai : Vakrangee Kendra outlets are one-stop shops providing key essential services such as banking services, ATM services, online pharmacy, telemedicine health services including unlimited tele & video consultation with expert doctors & home blood test facility and online shopping of groceries. In the light of the outbreak of COVID-19 pandemic, under the Epidemic Diseases Act, 1987 that was invoked by the government, all non-essential service providers/ officers need to follow restraint and remain closed. However, establishments providing essential services are excluded such as providers of services such as banking and ATM, drinking water & sewerage, food & groceries, hospitals,…

Mumbai: After a Monday mayhem, equity benchmark indices extended early gains in choppy trade on Tuesday amid some government relaxations on statutory and regulatory compliance-related issues. The market sentiment improved after Finance Minister Nirmala Sitharaman said a fiscal package will be announced soon to offset the negative impact of coronavirus on the Indian economy. At the closing bell, the BSE S&P Sensex was up by 693 points to 26,674 while the Nifty 50 edged higher by 191 points to 7,801. Except for Nifty realty, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty IT…