40 tonnes of gold sold on Dhanteras 

40 tonnes of gold sold on Dhanteras 

Mumbai: – Indians purchased 40 tonnes of gold, on the occasion of Dhanteras, ignoring the Coronavirus crisis and the slowing of the Indian economy. It has been noted that there has been a 30% increase over the sales on Dhanteras last year. There were gold sales worth a whopping Rs 200 billion on one single […]

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Experts say bullish trend returning to Indian economy; PMI highest in 13 years

Experts say bullish trend returning to Indian economy; PMI highest in 13 years

New Delhi: Experts claimed that following the battle with the Coronavirus, the bullish trend is returning to the Indian economy. The experts pointed to the reports, giving positive indications regarding the economy, received during the last two days. The PMI index of India has been upgraded for the third successive month. There is an improvement […]

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More than 50% of small and medium businesses in Europe will close down, warns advisory company McKinsey

More than 50% of small and medium businesses in Europe will close down, warns advisory company McKinsey

New York: While Europe is grappling with the fears of a relapse of the Coronavirus pandemic, a global advisory company has warned that thousands of companies, in Europe, may be forced to wind up. This warning is given by the McKinsey company, in its report published, after surveying more than 2,000 small and medium European […]

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Indian forex reserves at record $555 billion

Indian forex reserves at record $555 billion

New Delhi/Mumbai: – There was an addition of nearly $3.5 billion to the Indian foreign exchange reserves, in a matter of only a week, taking it to a record $555 billion. There has been an increase of a whopping $80 billion, even during the times of Coronavirus crisis, and the annualised increase is $115 billion. […]

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European economy will receive a severe jolt due to Corona, warns a senior German official

European economy will receive a severe jolt due to Corona, warns a senior German official

Berlin: – Senior German official Joachim Wuermeling warned ‘The aftereffects of the lockdown in view of Coronavirus, have still not become visible. The Banking sector will have to bear a brunt of the lockdown. It is difficult to predict the scope of jolts on the economic level. But the jolt received by the banking sector, while there are indications […]

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357 Hindu and Sikh refugees reach India from Afghanistan, informs foreign ministry spokesman Anurag Srivastav 

357 Hindu and Sikh refugees reach India from Afghanistan, informs foreign ministry spokesman Anurag Srivastav 

New Delhi: – 357 refugees from the minorities in Afghanistan have come to India for asylum, since March. Foreign ministry spokesman Anurag Srivastav gave this information. A major suicide attack was carried out targeting the Sikh community in Afghanistan in March. The minorities are finding Afghanistan unsafe given the increasing terror attacks, by Taliban and […]

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India economy down by 23.9% in the April-June quarter 

India economy down by 23.9% in the April-June quarter 

New Delhi – The Indian economy seems to have taken a major hit due to the lockdown, imposed for control of the Coronavirus pandemic. The Indian GDP has declined by 23.9% in the April-June quarter. This is the biggest slide in the history of Indian economy. The economists and analysts have warned that the decline will continue for the next two quarters too, and […]

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78 new airline routes announced in India under the UDAN scheme

78 new airline routes announced in India under the UDAN scheme

New Delhi: The Union Government has approved 78 new airline routes under the UDAN (‘Ude Desh ka Aam Nagrik,’ the common citizens of India will fly) scheme. The new routes include north-eastern states, hilly regions and islands. While the airline services, closed during the lockdown, are slowly returning to normal, this comes as a major relief for the people […]

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