Business

The Internet and Mobile Association of India (IAMAI) has submitted a blueprint suggesting a road map for opening up e-commerce based on the current containment model of zoning.

While storage is rapidly filling up, production cuts by US shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day for May and June, should help slow flows into tanks.

BP said it planned to reduce cash costs by $2.5 billion by the end of 2021 relative to 2019. "Some of these cost savings may have associated restructuring charges," the company added.

Once they started working from home, companies are seeing gains on costs as well as efficiencies, and now, business leaders are certain that fewer people will be manning the cubicles spread across campuses.

Amid the countrywide lockdown to check the spread of the novel coronavirus, the parliamentary panel on labour on Thursday submitted its report on the Industrial Relations Code, 2019, to Lok Sabha Speaker Om Birla via online.

The US healthcare conglomerate said the deal was the first in a series of prospective global partnerships to accelerate manufacturing of its experimental COVID-19 vaccine candidate, even before it has a signal that it works.

Spot gold fell 0.2% to $1,710.78 per ounce by 0520 GMT, after Wednesday's more than 1.5% jump. U.S. gold futures were little changed at $1,738.90 per ounce.

Jio Platforms will focus on introducing digital solutions for 60 million micro, small and medium businesses; 120 million farmers; 30 million merchants; and millions of SMEs in the informal sector," Fitch said.

This deal makes Facebook the largest minority shareholder in Jio Platforms, which is part of Reliance Industries.

According to a study, China has created a significant place for itself in India in the past five years in the technology domain through venture investments in start-ups and the online ecosystem.

In traded volume terms, 2.66 lakh shares of the company were traded on the BSE and over one crore shares on the NSE during the day.

In India’s case, CAPA India estimated in late March that the country’s industry could incur a loss of USD 3.3 to USD 3.6 billion if flight operations remained halted till the end of June.

In order to ensure that all health insurance claims are responded to quickly, the Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to "comply" with certain timelines.

In a release, McDonald's said it has been advised by the Ministry of Health that it should suspend restaurant operations, including delivery and drive-through, till May 4 as preventive action against COVID-19.

David Malpass, speaking during a news briefing, said he hoped that the pandemic would not lead to increased trade protectionism.

RBI Governor’s Address LIVE Updates: Reserve Bank Governor Shaktikanta Das today announced a cut in the reverse repo rate from 4% to 3.75%.