India an Attractive Investment Destination

Union Minister of State for Finance Anurag Thakur has said that India under Prime Minister Narendra Modi is successfully fighting the battle against Covid-19. He said the government has chalked out a roadmap to make India a destination for attractive investment. He exhorted India Inc to take advantage of the initiatives announced by the government

Jeff Bezos Invests in British Startup

Amazon Founder and CEO Jeff Bezos is reportedly investing in a British startup Beacon that aims to become a global logistics chain. According to Sky News, the world’s richest man is “taking part in Series A fundraising worth $15 million for the British startup”. Beacon is a digital freight-forwarding and supply chain finance firm. Launched

Mumbai Fuel Prices Hike Up

Petrol and Diesel prices in the economic capital of the country have been increased by Rs 2 per litre on Monday. Now, petrol will cost Rs 78.32 per litre to Mumbaikars while diesel will be available at Rs 68.21 in the city. The prices were increased after the Maharashtra government decided to levy a cess

US Dollar Slips

The US dollar dipped in late trading on Tuesday as risk sentiment returned to the market amid a reopening world economy, subduing demand for the safe-haven currency. The dollar index, which measures the greenback against six major peers, fell 0.88 per cent at 98.9044 in late trading, Xinhua reported. In late New York trading, the

Media Rages as Indiabulls Sack 2,000

Indiabulls Housing Finance is said to have sacked around 2,000 employees amid a roaring social media controversy. The social media outpouring by the employees is streaming on Twitter with the hashtag #IndiabullsResign and one employee posted, “Even after knowing current Pendamic situation #Indiabulls is firing around 2000+ staff without any notice. Firstly they deducted our

70% of Industries in Karnataka Resume Operations

 About 70 per cent of industries across Karnataka resumed operations after restrictions were relaxed during the extended lockdown, an official said on Thursday. “About 70 per cent of industries have resumed operations in the state after restrictions of the guidelines were relaxed since May 4 when the lockdown was extended for the third time till

Amazon Steps in Delivery Ring

Sending a strong signal to Zomato and Swiggy who have been severely hit by Covid-19, ecommerce giant Amazon with deep pockets has entered the vast online food delivery market in India, with launching Amazon Food at select pin codes in Bengaluru. Currently, Amazon Food is allowing customers to order from handpicked local restaurants and cloud

US Stocks take a Hit

US stocks dropped on Tuesday, dragged by a noticeable pullback in the energy sector. The Dow Jones Industrial Average decreased 390.51 points, or 1.59 percent, to 24,206.86. The S&P 500 fell 30.97 points, or 1.05 per cent, to 2,922.94. The Nasdaq Composite Index shed 49.72 points, or 0.54 pe rcent, to 9,185.10, Xinhua reported. Shares