The world economy is set to go into recession amid predicted loss of trillions of dollars of global income due to economic slowdown caused by coronavirus outbreak; India and China may become an exception who would survive the situation, said a UN Trade Report.

Amid lockdown in India, Vodafone has treated users with an extended validity on its popular Rs 95 all-rounder plan. Now, it will remain valid till 56 days instead of 28 days.

The price for international oil slumped to a 17-year low amid lockdown across the world due to coronavirus pandemic. The demand has fallen drastically as people have been staying inside their homes.

The Salisbury-based grocery chain Food Lion on Friday announced that it will installing plexiglass safety guards at the cash registers to ensure social distancing remains to keep store employees and customers safe from the spread of COVID-19 coronavirus.

According to a news report, the provided funds will be used to buy testing kits, protective gears for the frontline workers and respiratory systems for the increasing number of positive cases.

Wistron Corp., one of Apple's manufacturing partners, claimed that they will be shifting their half capacity outside China within a year. The decision comes as learning on how staking up all products in one country could be of trouble in situations like coronavirus outbreak.

Minutes after Finance Minister Nirmala Sitharaman announced a relief package for the poor section of India, a social media post attributing Reliance Jio claimed that the telecom company is offering free recharge of Rs 498 as India reels under tough time. Before you fall for it, the social media post and claim are both fake and do not have any official confirmation attached to it.

Amid criticism that India has a slow testing rate for coronavirus, the news comes as a relief that India has developed it first coronavirus testing kit at one fourth cost of what it is importing currently.

A software engineer has been detained in Bengaluru for allegedly advising people to go out and sneeze and spread coronavirus everywhere. Identified as Mujeeb Mohammad, the man works as a senior technology architect in tech giant Infosys. Soon after the reports emerged about his social media post, the company tweeted that his services have been terminated as the behaviour was found against the company's model code of conduct.

Cognizant has decided to pay extra 25 percent of basic pay to employees in India and the Philippines for April due to the coronavirus lockdown, CEO Brian Humphries said in an email note to employees.

Syncing with the moves by global central banks, the Reserve Bank of India (RBI) on Friday slashed the key repo rate by 75 basis points (bps) to 4.4 per cent, to provide some relief and control the economic slowdown in the wake of deadly coronavirus spread. The reverse repo rate now stands at 4 per cent, down 90 bps.

The G20 group on nations have come together to fight against the Covid-19 outbreak and its impact on the global economy. They have pledged to inject $5 trillion into the global economy to counter the crisis. The meeting was held with the help of video conference of G20 of leaders where Prime Minister Narendra Modi spoke of the alarming social and economic costs of the pandemic and called for a concrete action plan including reforming the World Health Organisation (WHO), sources said.

Speaking to CNBC on Tuesday, CEO Satya Nadella said that the question is will there be enough demands from the US, Europe and other developed markets hit by the pandemic.

The new Motor Vehicle Act came into effect from September 01, 2019. According to the new amendments, the fines and penalties imposed on violating traffic safety rules have been made stringent.

India has been kept under complete lockdown for 21 days to break the chain of spreading coronavirus in the nation. While the Central and state governments have assured that the supply of essential items will not be stopped during the tenure, people are finding it difficult to understand how they manage their groceries without leaving their houses.

Ever since the situation slipped from hands over the coronavirus outbreak, Apple has asked its employees to work from home so that they have less or no chance of getting infected to the virus. Due to this, there is barely any employee who can be spotted in the campus.

It is well-known that the Indian Income Tax Act-1961 allows various deductions and exemptions when computing your tax liability. Usually, a person would plan this in advance and work around the deductions in a way that can minimize his tax liabilities. There are many tax-saving instruments and investments that can help you save on your taxes. You just have to declare them while filing your taxes.

Directorate General of Civil Aviation (DGCA) India on Monday confirmed that there will be no restriction on the domestic and international CARGO operations at any airport.