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Strong fiscal policy support needed to kick start growth: EY India
Strong fiscal policy support needed to kick start growth: EY India

 

New Delhi, Strong fiscal policy support in the form of stimulus measures are needed to kick start growth, EY India said.

According to the consultancy firm's June edition of Economy Watch: "The primary focus of the fiscal stimulus package should be on the health sector.

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Govt stimulus to initiate tourism sector revival: Crisil
Govt stimulus to initiate tourism sector revival: Crisil

New Delhi,  Ratings agency Crisil on Tuesday termed the government's relief package for the tourism sector as a 'timely' move that will gear up the industry for recovery with the easing of lockdowns post the second wave of the Covid-19 pandemic.

The measures announced on Monday include a Rs 6

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Bharti to invest $500 million more in OneWeb
Bharti to invest $500 million more in OneWeb

New Delhi,  Bharti will invest an additional $500 million into Low Earth Orbit (LEO) satellite communications company OneWeb.

Post the investment, the total funding raised by OneWeb would amount to $2.4 billion.

The latest investment announcement comes as OneWeb prepares for its eighth lau

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Audi starts booking for electric SUVs
Audi starts booking for electric SUVs

Mumbai,   German luxury car manufacturer Audi on Tuesday said it has commenced bookings for its all-electric SUVs - the e-tron and the e-tron Sportback - in India.

The Audi e-tron is a broad SUV with a well-defined straight roof, whereas the 'e-tron Sportback' is an athletic SUV with a robus

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E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify
E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify

New Delhi,  As ecommerce regulations are tightened, fight between foreign companies Amazon, Flipkart and Indian companies Reliance, Tata Group is set to intensify.

Foreign brokerage, Jefferies said in a note, "The proposed rules now target indirect ownership in vendors, own label, flash sales. Fight

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Monetise reserves or govt will sell them: Pradhan to state-run oil cos
Monetise reserves or govt will sell them: Pradhan to state-run oil cos

New Delhi,  Union Minister for Petroleum and Natural Gas Dharmendra Pradhan has directed public sector oil and gas companies to monetise stranded energy reserves and discoveries, adding that in case they are incapable of doing so, the government would step in and sell them off.

Speaking at the BNEF summi

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Zomato's $100M investment to turn Grofers into unicorn: Report
Zomato's $100M investment to turn Grofers into unicorn: Report

New Delhi,  Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.

According to TechCrunch, the proposed investment values the seven-year-old startup Grofers, which count

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Sensex up 200 points; IT, metal stocks rise
Sensex up 200 points; IT, metal stocks rise

Mumbai,  The Indian stock market traded on a positive note on Wednesday morning with the BSE Sensex rising over 200 points.

The domestic market traded in tandem with its Asian peers. Further healthy buying in the IT and metal stocks supported the indices.

Around 10.15 a.m., Sensex was trad

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United Airlines orders 200 more Boeing 737 MAX jets
United Airlines orders 200 more Boeing 737 MAX jets

Washington,  American aerospace giant Boeing and United Airlines have announced that the carrier, the third largest in the world, will expand its 737 fleet by purchasing an additional 200 jets.

The joint announcement on Tuesday said that the new purchase, including 150 737-10 and 50 737-8, positions Unit

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Yogi urged to celebrate Doctors' Day officially
Yogi urged to celebrate Doctors' Day officially

Lucknow,  The UP Nursing Home Association has urged Chief Minister Yogi Adityanath to celebrate National Doctors' Day on July 1 at the government level.

In a letter sent to the chief minister, the association has said that Prime Minister Narendra Modi recently lauded the role of health workers in the

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