Saudi Arabia to hike borrowing to stimulate virus-hit economy

Saudi Arabia to hike borrowing to stimul...

Riyadh: Saudi Arabia plans to raise borrowing by 20 percentage points to 50 percent of GDP to steady an economy rocked by plunging oil prices and the new coronavirus, the finance minister said Friday.


PostedOn: 22 Mar 2020 Total Views: 114




IFFCO contributes Rs. 25 Crore to PM CAR...

IFFCO contributes Rs. 25 Crore to PM CARES Fund

On Wednesday, Indian Farmers Fertiliser Cooperative Ltd. IFFCO contributed an amount of Rs. 25 Crore (Rupees Twenty five Crore) to the PM-CARES Fund in service of the nation. In order to strengthen the country’s efforts at fighting against Corona Virus “COVID19”, IFFCO has humbly c...

01 Apr 2020

RBI announces more measures to deal with...

RBI announces more measures to deal with covid19 p...

The Reserve Bank of India (RBI) on Wednesday announced more measures, including extension of period for realisation and repatriation of export proceeds, to deal with the economic fallout of Covid-19 pandemic. It also increased ways and means advances (WMA) limit by 30 per cent from existing limit fo...

01 Apr 2020

India to grow fastest among G20 economie...

India to grow fastest among G20 economies despite ...

Despite the coronavirus cases growing daily, India will rise as the fastest growing economy among the G20 contries, says areportbyEconomist Intelligence Unit (EIU), who in the light of coronavirus pandemic slashed India's GDP growth forecast from 6 percent to 2.1 percent. 2.1 percent GDP forecast ma...

30 Mar 2020

Coronavirus lockdown: L&T defers extra p...

Coronavirus lockdown: L&T defers extra pay revisio...

Larsen & Toubro (L&T), India's largest construction and engineering company, said it had to defer the extra salary revision - which was planned from March 1 till the end of July - due to business disruption caused by the COVID-19 lockdown. L&T has announced additional compensation coveri...

30 Mar 2020

Flipkart ceases operations across supply...

Flipkart ceases operations across supply chain ami...

E-tailer Flipkart on Wednesday said it has temporarily suspended its operations and services – including grocery items as India enters a 21-day lockdown. Although ecommerce platforms were allowed to provide essential goods and services in Prime Minister Narendra Modi’s address to the nat...

25 Mar 2020

Sensex, Nifty Post Worst Ever One-day Cr...

Sensex, Nifty Post Worst Ever One-day Crash

In its worst-ever crash, the BSE Sensex plummetted 3,934.72 points or 13. 15 per cent to 25,981.24 on Monday after several Indian states announced lockdown following a spurt in the number of coronavirus cases. Likewise, the NSE Nifty nosedived 1,135.20 points or 12.98 per cent to settle at 7,610.25....

23 Mar 2020

Stock Market Losses 46,000 Crores With C...

Stock Market Losses 46,000 Crores With Covid-19

The deadly Covid-19 which has affected more than 185 countries and left more than 2,00,000 people infected with the virus has left a deadly impact on the stock markets with shares facing the worst losses in recent times. The official reports state that the value of the shares and the losses faced by...

21 Mar 2020