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    UK economy slips into recession with record 20.4% contraction, job loss fears mount

    Today's figures confirm that hard times are here, finance minister Rishi Sunak said LONDON: Britain's economy shrank by a record 20.4% between April and June when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020. Official figures published on...

    • 16 hrs ago
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    Medtronic to invest Rs 1,200 crore to expand Hyderabad R&D center

    Research and Development leads to innovation and innovation is crucial to our growth strategy, Omar Ishrak said Hyderabad: Medtronic plc, the global leader in medical technology, has decided to invest Rs 1200 crores in scaling up and expanding the current R&D centre into a state-of-the-art engineering and innovation centre in Hyderabad. Omar Ishrak, Executive Chairman and...

    • 21 hrs ago
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    I-T Department raids premises of Chinese entities in money laundering case

    Chinese individuals and a couple of bank employees were involved in money laundering through a series of shell companies, the statement said NEW DELHI: Indian tax authorities raided the premises of a few Chinese entities and their associates for money laundering, according to an official statement late on Tuesday, adding to New Delhi's growing discomfort with...

    • 23 hrs ago
  • Business

    US signs $1.5 billion COVID-19 vaccine deal with Moderna for 100 million doses

    Moderna's price per dose comes to around $30.50 per person for a two dose regimen The United States has entered an agreement with drugmaker Moderna Inc to acquire 100 million doses of its potential COVID-19 vaccine for around $1.5 billion (£1.15 billion), the company and White House said on Tuesday. The United States in recent weeks has made deals to acquire...

    • 23 hrs ago
  • Headlines

    COVID-19 lockdown effect: Industrial production declines by over 16 per cent in June

    Govt: It may not be appropriate to compare the IIP in the post-pandemic months with the IIP for months preceding the COVID-19 pandemic New Delhi: Industrial production declined by 16.6 per cent in June, mainly due to lower output of manufacturing, mining and power generation, as per the government data released on Tuesday. According to the Index of Industrial...

    • 2 days ago
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    Naandi Foundation chosen for Food Vision 2050 prize

    The award recognised the application of Naandi's "Arakunomics" model in Araku, Wardha and New Delhi Hyderabad: The Rockefeller Foundation has chosen Naandi Foundation, a Hyderabad-based non-profit, as one of 10 "visionaries" in the world for the Food Vision 2050 prize. The prize was announced in New York on Sunday. Naandi Foundation has been granted a prize money of...

    • 2 days ago
  • Business

    India levies anti-dumping duty on black toner from China, others

    The duty on a tonne of black toner would range from $196 for imports from Chinese Taipie, $1,686 from Malaysia and $834 from China NEW DELHI: India seeks to impose provisional anti-dumping duty on imports of black toner in powder form orginating in or exported from China, Malaysia and Chinese Taipei for six months, according to a government order issued on Monday. The duty on a...

    • 2 days ago
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    RIL-Aramco deal: Still working on deal to invest in Reliance, says Aramco CEO

    We at Reliance value our over two-decade-long relationship with Saudi Aramco and are committed to a long-term partnership, Ambani said Saudi Aramco Chief Executive Amin Nasser has said the company is 'still working on the deal to invest in Reliance Industries', Bloomberg reported, clearing the air on the agreement between the two companies. The statement from...

    • 3 days ago
  • Headlines

    Agri-Infra Fund: PM Modi launches Rs 1 lakh crore financing facility

    Modi also released the sixth installment of Rs 17,100 crore to more than 8.55 crore farmer beneficiaries under the PM-KISAN scheme New Delhi: Prime Minister Narendra Modi on Sunday launched a financing facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund for agri-entrepreneurs, startups, agri-tech players and farmer groups for post-harvest management and...

    • 4 days ago
  • Business

    Zomato introduces 'period leave' for employees to combat stigma around menstruation

    You should feel free to tell people on internal groups, or emails that you are on your period leave for the day, Zomato chief executive said NEW DELHI: Indian food delivery company Zomato said on Saturday it would give female employees up to 10 days of "period leave" per year, as part of an effort to combat what it said was stigma around the issue....

    • 4 days ago

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