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Home  Business

Business

ECOWAS suffered economic contraction in 2020 due to Covid-19

ECOWAS suffered economic contraction in 2020 due to Covid-19

  • Qatar Airways to ferry key medical aid to India free of charge

    In the early stages of the pandemic, the airline had provided similar aid flights to China, shipping supplies to Beijing, Guangzhou and Shanghai in February 2020.
  • IBM to acquire enterprise software firm Turbonomic for up to $2B

    Turbonomic provides businesses with its ARM software that simultaneously optimizes the performance, compliance, and cost of applications in real-time.
  • Rupee opens on flat note against US dollar

    On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 369.13 points or 0.74 per cent lower at 49,396.81.
  • Sensex tanks 400 points in early trade; Nifty slips below 14,800

    HDFC Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by HDFC, ICICI Bank, Bajaj Finserv, Titan, Kotak Bank and SBI.
  • Amazon’s profits soar as online shopping surges amid pandemic

    Net income increased to $8.1 billion in the March quarter, compared with net income of $2.5 billion in the first quarter of 2020, showing how millions of people now shop on the platform as pandemic continues to ravage the retail sector.
  • Hyderabad-based ‘The Phi Factory’ makes oxygenerator

    Medical grade oxygen available for Rs 2,500 and refill costs Rs 1,500; prototype ready
  • Coromandel International Q4 net profit dips over 33pc

    Hyderabad-headquartered company logs net profit of Rs 1,329 crores for FY21 compared to Rs 1,065 crores in the previous fiscal, an increase of 25 per cent
  • Hindustan Unilever reports 13% rise in Q4 net

    The company's focus firmly remains behind delivering volume-led competitive growth, Mehta added.
  • Tatas deal to buy stake in BigBasket gets CCI approval

    Under the deal, Tata Digital Ltd (TDL) will purchase up to 64.3 per cent of the total share capital of Supermarket Grocery Supplies Pvt Ltd (SGS) as well as SGS sole control over Innovative Retail Concepts Pvt Ltd.
  • Biocon Q4 net profit surges 86%

    Total income of the company rose by 26.13 per cent to Rs 2,044.1 crore as against Rs 1,620.6 crore for the same period year ago, the company said in a regulatory filing.
  • Portfolio manager to obtain prior approval of Sebi in case of change in control 

    The postgraduate programme from NISM (National Institute of Securities Market) should not be less than one year duration.
  • Byju’s raising $150 mn in funding from UBS 

    Launched in 2015, Byju's has over 80 million students cumulatively learning from the app, 5.5 million annual paid subscriptions, and an annual renewal rate of 86 per cent.
  • ‘Post Covid world looks promising for India’s food processing industry’ 

    It also recommended government partnership with private players through appropriate PPP models to ensure a faster scale up of quality infrastructure in line with industry requirements.
  • iPhone 12 drives Apple smartphone sales to new levels

    "The iPhone 12 is the most popular. But we did see very strong sales of the Pro portion of the family as well, the Pro Plus the Pro Max," Apple CEO Tim Cook said during the earnings call on Wednesday.
  • Laurus Labs registers multi-fold growth

    Hyderabad-based company’s revenues for FY21 stood at Rs 4,814 crore, up 70 per cent Y-o-Y while its profit jumped 286 per cent to Rs 984 crore Y-o-Y
  • India’s Q1 gold demand surges 57% to touch Rs 59,000 crores  

    Total jewellery demand during Q1 2021 was up by 39 per cent at 102.5 tonnes as compared to 73.9 tonnes in Q1 2020. The value of jewellery demand was Rs 43,100 crores, registering a rise of 58 per cent from Rs 27,230 crore in Q1 2020.
  • CES to return as in-person event in Las Vegas in 2022

    The CES organiser, the Consumer Technology Association (CTA), said in a statement on Wednesday that the largest tech conference of earth will be open for people in 2022.
  • Apple now has 660M paid users across its Services

    The company posted all-time records for the App Store, cloud services, music, video, advertising and payment services.
  • Restrictions on movement fine, but not total lockdown: TN MSME units

    The Coimbatore based Bascet Engineering caters to the construction sector with products like wooden window fittings, hardware parts for doors and others.
  • ‘Very, very pleased’ with India growth story: Apple

    According to a latest report by market intelligence firm CMR, Apple shipped over a million iPhones in the country in the first quarter of 2021, growing close to an impressive 90 per cent (on-year) during the three-month period.
  • NISM, CRISIL launch certification for wealth managers

    For the industry,this will help drive sustainable flows, boosting its long-term resilience and contributing to growth.
  • Most Indian corporates have protection against weakening rupee: Moody’s

    On April 27, 2021, the Indian rupee closed around 74.66 against the US dollar, or about 3 per cent lower than levels in mid-March.
  • Fuel prices unchanged, revisions expected post polls

    OMCs benchmark retail fuel prices to a 15-day rolling average of global refined products' prices and dollar exchange rate.
  • US Fed keeps interest rates near zero as recovery picks up

    The central bank pledged to continue its asset purchase program at least at the current pace of $120 billion per month until the economic recovery makes "substantial further progress".
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