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Business News and Startup News ATM operations at 91%, on downtime of internet and mobile banking: RBI Governor Adderssing the media, RBI Governor Shaktikanta Das on Friday said that ATM operations on average stood at 91% of the full capacity amid the nationwide lockdown due to COVID-19. He added that there was no downtime or outage of internet and mobile …
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Coronavirus Business Impact
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Latest Update on Business News and Startup News Allow online sale of alcohol: Liquor body to government Liquor body Confederation of Indian Alcoholic Beverage Companies (CIABC) has asked the central and state governments to permit the online sale of alcohol amid lockdown. CIABC said taxes on alcoholic beverage is an "important source of revenue for sta…
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world lockdown
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Business news and Startup news World is facing worst recession since the Great Depression, warns IMF The COVID-19 pandemic will turn global economic growth "sharply negative" in 2020, triggering the worst economic crisis since the 1930s Great Depression, IMF Managing Director Kristalina Georfieva said. She said the crisis would hit emerging mark…
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BUSINESS & STARTUP NEWS IMF chief: 'Clear we have entered recession ' IMF chief Kristalina Georgieva said Friday. "It is clear that we have entered a recession, as bed or worse than 2009," She said in an online press briefing. Georgieva said that a key concern of the "sudden stop" of the world economy is a wave of bankru…
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world lockdown
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Business And Startup News Facebook in talks to acquire 10% Stake in JIO in 'multi-billion dollars' deal: Report Due to coronavirus outbreak, Finacial Times reported on Tuesday, adding that the deal size was in "multi-billion dollars". Analysis at Bernstein value Jio at more than $60 billion. India's richest person Mukesh Ambani has…
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world lockdown
Coronavirus Business Impact
Business and Startup News Coronavirus Pandemic to leave behind a global recession : Anand mahindra Billionaire Anand Mahindra has said the coronavirus will eventually be conquered but will leave behind " a global recession ". He said, "Costs of that are incalculably high..Most fearsome toll will be on small business,self-employed &…
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