Business news

The company’s Pension and Group Superannuation Business showed a growth of 39.46% and crossed one lac crore in the same period, collecting Rs 1,26,696.21 cr as New Business Premium Income as against Rs 90848.86 cr in the previous year corresponding period. … [Read more...] about LIC’s new business premium reports 25% growth for FY 2020

The German airline, which secured a 9 billion euro state bailout in June, flew just 4% of prior-year passengers between April and June as a result of the Covid-19 pandemic and expects capacity to increase to only around 50% by the end of the year and two-thirds of last year’s level in 2021. … [Read more...] about Lufthansa plans compulsory lay-offs as forecasts travel slump to 2024

According to experts, market participants cheered the RBI's balanced approach, which is seen in line with expectations that the central bank will be looking at alternate measures such as forward guidance and maintain sufficient liquidity. … [Read more...] about Sensex jumps 362 pts post RBI policy; Nifty tops 11,200

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery. … [Read more...] about India needs to look beyond what rating agencies think, says ex-RBI governor Raghuram Rajan

“The Rs 40,000 crore loss is a conservative estimate from 10 districts in Kashmir division. Our main concern is unemployment of lakhs of youth. The lockdown was lifted December onward and we had begun picking up pace when the pandemic struck in March,” Mr. Ahmed told The Hindu. … [Read more...] about No new government jobs in J&K a year after Article 370 move