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Oxygen generation: Finance Ministry enlarges scope of credit scheme for setting up plants

The Emergency Credit Line Guarantee Scheme has been granted a three-month extension and will now be valid till September 30. The Finance Ministry has...

BoB posts loss in Q4 as it shifts to new tax regime

Bank of Baroda (BoB) reported a standalone net loss of ₹1,046.5 crore for the quarter ended March 31. The bank had posted...

Mahindra expects car sales to take two years to rebound after COVID shock

India’s Mahindra & Mahindra expects it will take at least another two years for car sales to return to their pre-pandemic peaks,...

HMSI commences production; announces financial support to dealers

Honda Motorcycle & Scooter India (HMSI) on Saturday said it has resumed production across its manufacturing plants in the country.The two-wheeler major has...

‘Lockdown changed customers’ holiday patterns’

We are managing to keep our head above water with collections from members: Sterling Resorts chief Sterling Holiday Resorts Ltd. is planning to double...

Industry laments inadequacy of GST compliance relaxations

‘Overall expectation was a complete waiver of late fees for pandemic-hit months’ The GST compliance relaxations announced on Friday to help businesses cope...

‘Second wave sees loans for millennials rising 20%’

About 20% more millennials borrowed to meet COVID-19 related emergency healthcare expenses and other financial commitments during April compared with a year...

Divi’s Labs net rises 29% on higher income

Drugmaker Divi’s Laboratories reported consolidated net profit rose 29% to ₹502 crore for the quarter ended March. It came on the back of...

Settle cyclone claims early, IRDAI tells general, health insurers

Also, efforts should be made to ensure that digital processes are resorted to the extent possible for assessment of claims, the Authority said ...

Government stops Central allocation of Remdesivir to States as supply improves

The government has also increased the number of plants producing Remdesivir from just 20 to 60 plants within a month, he added. The...