Business

After nearly 80 days of lockdown, the country's commercial capital Mumbai and other parts of Maharashtra revved back to life, setting in motion the crucial economic activities that were virtually paralysed due to the Covid-19 pandemic, here on Friday....

Rajiv Bajaj has said that the nationwide lockdown implemented to curb the spread of the Covid pandemic has decimated the economy "You flattened the wrong curve. It is not the infection curve, it is the GDP curve. This is what we have ended (up) with, the worst of both worlds."...

The US services sector contracted for the second straight month in May despite the gradual reopening of businesses across the country amid the COVID-19 pandemic, the Institute for Supply Management (ISM) said in a report. ...

The US Federal Reserve is likely to provide more guidance at its policy meeting next week to signal intentions to keep interest rates near zero for a few years so as to help the economy get through the COVID-19 pandemic, according to several economists....