Maruti chairman R C Bhargava said lockdowns and curfews are not a solution to tackle rising Covid cases as these would end up hurting the economy as well as lead to migration of the poor and labour from larger cities.
Taiwanese contract electronics manufacturer Foxconn will dramatically scale back its planned investment in an initially planned $10 billion Wisconsin plant, under an agreement announced with the state on Tuesday.
Oil prices fell for a second day on Wednesday on concerns that soaring Covid-19 cases in India will drive down fuel demand in the world's third biggest oil importer.
India’s large manufacturers such as Reliance Industries (RIL) are ramping up production of liquid medical oxygen to help battle the coronavirus outbreak that has crippled the economy.
Finance minister Nirmala Sitharaman on Tuesday said there should be complete trust between the industry and the government to sustain growth amid the Covid-19 situation.
India does not see any logic in the United States putting it on a monitoring list of currency manipulators, a trade ministry official said on Tuesday. "I don't understand any economic logic," of the US move as India's central bank is following a policy that allows currency movements based on market forces, Anup Wadhawan, India's commerce secretary said.
The Delhi high court on Tuesday said sufficient oxygen was not being supplied to Covid-19 patients in the national capital and asked the Centre if it can be diverted from industries which can wait for now. "Industries can wait. Patients cannot. Human lives are at stake," a bench of justices Vipin Sanghi and Rekha Palli said to the central government.Discussion platform Discord, popular among amateur video game players, has halted acquisition talks with Microsoft and is instead considerin...
