© Getty Getty President Donald Trump appeared to adjust system and called on Congress to pass standalone stimulus payments — hours soon after ending coronavirus help negotiations with Democrats. He urged lawmakers to approve measures for $1,200 stimulus checks, little enterprise support, and direct guidance to airlines to protect against […]
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MUMBAI: Air India’s pilot unions IPG and ICPA has urged Civil Aviation Minister Hardeep Singh Puri to “urgently” provide financial support to the national carrier amid private airlines’ cry for a bailout package in the wake of the COVID-19 outbreak. “The Air India management has not taken paying wages on […]
London: The UK government has unveiled a series of support measures for universities facing financial strain as a result of the coronavirus-induced lockdown but rejected any prospect of a bailout package sought by institutions. The package of measures announced on Monday includes bringing forward 2.6 billion pounds in tuition fee […]
KOLKATA | MUMBAI: Government-owned lenders such as State Bank of India and Punjab National Bank are working on plans to help exporters, who had hedged their foreign currency exposures with them but are unable to meet their obligations amid the Covid-19 outbreak and lockdown. They are considering giving short-term unsecured […]
The International Labour Organisation has said current support measures are not enough to prevent the spread of Corona pandemic in low and middle income countries. “As the crisis spreads to low and middle income countries we will need to do much more to protect workers and support enterprises, because these […]
KOLKATA | MUMBAI: Apple has paid its 500-odd exclusive stores in India to cover two months of their rent and salaries for store staff, apart from providing additional credit period of 60 days to help them tide over business disruptions due to Covid-19. Others like Hindustan Unilever Ltd, ITC, Samsung, […]
New Delhi: The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said. Vodafone has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that […]
By Anand AgarwalOver the last couple of decades, internet connectivity has become the lifeblood of global economies, fuelling innovation and technological advancement. We now live in the age of information superhighways, where data is the new visa. Unhindered by any physical borders, it is ubiquitous. The outbreak of Covid-19 pandemic […]
To support the export industry amid a difficult economic scenario, the government has been requested to utilise IFSC platform at the GIFT City to enable various international financial services at competitive cost, senior officials said. Banking units and stock exchanges at IFSC, among other institutions, can play an important role […]
Mumbai: The retailer associations have urged the government to announce a wage support subsidy that will help them save millions of jobs in the retail space reeling under Covid-19 stress. While lauding all government efforts while dealing with the pandemic, the Retailers Association of India (RAI) said this extension will […]