Business

April 16, 2020 7:59 PM

Global crude oil prices rise today

Global crude oil prices rose today, with investors hoping that a big build-up in US inventories may mean producers have little option but to deepen output cuts, as the coronavirus pandemic ravages demand. So the Brent crude futures gained 19 cents, to trade at 27.50 dollars a barrel. US crude future...

April 16, 2020 9:39 AM

Industry bodies welcome extension of lockdown; guidelines by MHA

Industry bodies have welcomed the extension of lockdown and  the detailed guidelines issued by Home Ministry towards operationalizing the lifting of the lockdown post April 20 after reviewing the ground situation. Secretary General FICCI Dilip Shenoy thanked Government for accepting their suggestion...

April 15, 2020 8:26 PM

FIEO welcomes govt move to resume export-oriented manufacturing units

Federation of Indian Export Organisations - FIEO has welcomed the government move to resume export-oriented manufacturing units as the first step to relax the coronavirus-driven lockdown. FIEO President Sharad Kumar Saraf said, the move will help in opening of 80-85 percent of manufacturing units gr...

April 15, 2020 7:17 PM

CBDT issues over 10 lakh refunds worth Rs 4250 cr in week

Central Board of Direct taxes, CBDT has issued over 10 lakh refunds worth four thousand 250 crore rupees in a week. These refunds are over and above the two crore 50 lakh refunds already issued in 2019 -20 till 31st of last month totaling to one lakh 84 thousand crore rupees. Last week, CBDT had sai...

April 15, 2020 9:29 AM

Industry bodies support PM Modi for extending nationwide lockdown till 3rd May

Industry body FICCI and ASSOCHAM have supported Prime Minister Narendra Modi for extending the nationwide lockdown till 3rd May for saving each and every people from the unprecedented pandemic, COVID-19. In a statement, FICCI said, Indian industry will comply with all the directions given by the Pri...

April 14, 2020 8:14 PM

HDFC Chairman pushes for restructuring of NPA norms

HDFC Chairman Deepak Parekh today pushed for a one-time restructuring of stressed real estate accounts and relaxation in classification of NPA norms to 180 days from 90 days to help the sector. While addressing representatives from the real estate sector through video conferencing, Parekh said unles...

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