In an impetus to Prime Minister Narendra Modis Local ke liye Vocal call, domestic brand Lava on Saturday announced to shift its entire mobile R&D, design and manufacturing for the export market from China to India within next six months, announcing to invest overall nearly Rs 800 crore in the due course of time. ....

Finance Minister Nirmala Sitharaman on Friday said that the Centre will launch a Rs 10,000 crore scheme for formalisation of micro food enterprises (MFEs). ....

Ride-hailing app Uber has laid off nearly 3,700 employees or about 14 per cent of its workforce via multiple Zoom calls and each call lasted less than three-minutes, with a common message: "Today will be your last working day with Uber". Uber lays off 3,700 workers over 3-minute long Zoom calls ....

Hit hard by the Covid-19 pandemic, Zomato CEO Deepinder Goyal on Friday announced to lay off nearly 13 per cent of its workforce; over 600 employees, via Zoom calls, along with salary cuts for the rest of the employees for at least the next six months starting June, with higher cuts going up to 50 per cent for people in senior roles. ....

The key Indian equity indices fell on Friday morning with the BSE Sensex falling below the psychological 31,000 mark. ....

Sensing adverse impact on the livelihood of street vendors due to COVID-19 pandemic, the Centre on Thursday announced Rs 5,000 crore special credit facility to benefit nearly 50 lakh such vendors. ....

Union Finance Minister Nirmala Sitharaman said, here on Thursday, work had been offered to 2.33 crore wagers in 1.87 lakh panchayats under the Mahatma Gandhi National Rural Employment Guarantee Act. ....

Union Law Minister Ravi Shankar Prasad on Thursday alleged that the Congress was trying to save fugitive diamantaire Nirav Modi by assigning a former judge to defend the businessman in court. ....

Fugitive Indian businessman Vijay Mallya again urged the central government on Thursday to unconditionally accept his offer of bank loan repayment and close the case against him. ....

The UN has welcomed India's Covid-19 mega-stimulus package, calling the largest among developing countries, even as it slashed its growth rate for this fiscal year to 1.2 per cent. ....