• India's aviation market presents significant long-term opportunities. Air India is poised to benefit from ...More

    India's aviation market presents significant long-term opportunities. Air India is poised to benefit from this growth. Demand for premium leisure travel is rising globally and in India. Star Alliance members are adapting to this trend. Air India's transformation is progressing well with Star Alliance support. ...Less

  • Banks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This init ...More

    Banks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industries affected by the West Asia conflict. The scheme aims to provide crucial liquidity and prevent job losses. It offers additional credit and guarantees to eligible businesses. ...Less

  • Despite recent hantavirus and norovirus outbreaks on cruise ships, industry experts anticipate a record n ...More

    Despite recent hantavirus and norovirus outbreaks on cruise ships, industry experts anticipate a record number of passengers this year. Many travelers, like veteran cruisers, remain unfazed, viewing these incidents as isolated and not unique to cruise travel. Bookings remain strong, with many planning trips well in advance. ...Less

  • R Mukundan, managing director of Tata Chemicals, said companies should analyse their international compet ...More

    R Mukundan, managing director of Tata Chemicals, said companies should analyse their international competitors’ supply chains and see what new places could be occupied. “This is a once in a lifetime opportunity,” he said. ...Less

  • Covid-19 pandemic has severely impacted Tata's key overseas markets in Europe, the US, UK, China & UAE. ...More

    Covid-19 pandemic has severely impacted Tata's key overseas markets in Europe, the US, UK, China & UAE. ...Less

  • Incomes of many people, especially those who are self-employed, have been impacted due to the lockdown. T ...More

    Incomes of many people, especially those who are self-employed, have been impacted due to the lockdown. To help you through these tough times, here is how you can cut down on current expenses so that your future goals are not at risk. ...Less

  • According to report, almost half (46%) of Indian businesses covered under a survey felt 'very strongly' i ...More

    According to report, almost half (46%) of Indian businesses covered under a survey felt 'very strongly' impacted by the pandemic, yet more than half (54%) felt they were as well prepared as they possibly could be. This is a level that is the second highest amongst all countries surveyed and higher than the average across all markets (45%), said the report. ...Less

  • Authorities in the NCR have ordered closure of cinema halls including multiplexes, a major draw for custo ...More

    Authorities in the NCR have ordered closure of cinema halls including multiplexes, a major draw for customers at malls, till March 31. With residents not coming out to crowded places also because of the coronavirus scare, most of the malls are witnessing a sharp decline in footfalls. ...Less

  • Outbound travel business falls by a third amid coronavirus fears

    Forward bookings for the upcoming busy summer season are down at least 20% year on year, senior executive ...More

    Forward bookings for the upcoming busy summer season are down at least 20% year on year, senior executives at airlines and travel companies said. The Indian government also cancelled all visas issued to Iraninan nationals and all foreigners who visted Iran after February 1 this year. ...Less

  • Lockdown hits business activity across Europe

    A final composite PMI for the euro zone plummeted to a record low of 29.7 from February’s 51.6, lower tha ...More

    A final composite PMI for the euro zone plummeted to a record low of 29.7 from February’s 51.6, lower than the flash reading of 31.4 and marking by far its biggest onemonth drop since the survey began in July 1998. The 50 mark separates growth from contraction. ...Less

  • View: The coronavirus isn't the end of your career

    If you’re in an industry directly hit by the virus, think about how your experience would be applicable t ...More

    If you’re in an industry directly hit by the virus, think about how your experience would be applicable to fields that have solid long-term prospects, like cybersecurity, robotics and artificial intelligence. These sectors aren’t just for coders and engineers; they need accountants, compliance officers, HR managers and communications teams. ...Less

  • View: Revving to start up after lockdown

    Every crisis brings with it some unseen opportunities. Every crisis also tests the limits of our resilien ...More

    Every crisis brings with it some unseen opportunities. Every crisis also tests the limits of our resilience. Amid mathematical models and economic projections, one powerful factor is often overlooked: the power of human optimism. While India’s startups are still only a small portion of the larger economy, if we are looking for hope, they may be a good place to start looking. ...Less

  • Coronavirus: The biggest challenge right now is business continuity

    As the Covid-19 outbreak hits companies hard, CFOs like Vaish are bracing for what many are referring to ...More

    As the Covid-19 outbreak hits companies hard, CFOs like Vaish are bracing for what many are referring to as the toughest phase in their careers. ...Less

  • COVID-19 impacts professional life: Jobs at MNCs to be most vulnerable; virus affects hiring

    The virus likely to affect professionals working in marketing, sales, operation and production domains. ...More

    The virus likely to affect professionals working in marketing, sales, operation and production domains. ...Less

  • As China sneezes, India Inc catches cold: Companies that may take a hit

    Many domestic players have of late cleared the air on their dependence on China. ...More

    Many domestic players have of late cleared the air on their dependence on China. ...Less

  • Tata Motors expects limited volume hit in domestic biz due to coronavirus

    Tata Motors on Friday said it expects limited volume loss in its domestic business during the January-Mar ...More

    Tata Motors on Friday said it expects limited volume loss in its domestic business during the January-March 2020 period due to disruption of supply chain from China owing to the coronavirus outbreak. ...Less

  • Coronavirus may hit global GDP by over $250 bn: Industry body

    The coronavirus outbreak may negatively impact global growth by 30 basis points or USD 250 billion, indus ...More

    The coronavirus outbreak may negatively impact global growth by 30 basis points or USD 250 billion, industry body PHDCCI said on Thursday. ...Less

  • When is the Government going to respond? Businesses look for assistance as coronavirus starts hurting

    With their very existence at stake, many businesses are wondering what’s taking govt so long to provide a ...More

    With their very existence at stake, many businesses are wondering what’s taking govt so long to provide a bailout. ...Less

  • Coronavirus may drag global GDP by 1 percentage point if containment delayed beyond June: Report

    The data shows that at least 220 Indian firms have legal linkages with around 350 companies in China. Of ...More

    The data shows that at least 220 Indian firms have legal linkages with around 350 companies in China. Of these 220 Indian companies, 58 per cent are in the manufacturing sector, 40 per cent are in the services sector and the remaining 2 per cent are in the construction sector. ...Less

  • Hope govt will announce economic stimulus packages soon: Nasscom

    Information technology and business process management (IT-BPM) companies have asked most employees to wo ...More

    Information technology and business process management (IT-BPM) companies have asked most employees to work from home with very few staff being present at locations to handle critical workloads. The industry body said IT-BPM industry is committed to take all precautions on hygiene, sanitisation and ensuring all necessary guidelines are followed by the industry. ...Less

  • Auditors feel companies may have to state coronavirus impact in accounts

    Financial statements for Indian and multinational companies may have to reflect the impact of the coronav ...More

    Financial statements for Indian and multinational companies may have to reflect the impact of the coronavirus-related shutdown and disruptions, if any, on business operations, auditors have said. ...Less

  • Witnessing slowdown in outbound travel bookings amid coronavirus: MakeMyTrip

    A MakeMyTrip spokesperson in a statement said there has been a slowdown in outbound travel bookings since ...More

    A MakeMyTrip spokesperson in a statement said there has been a slowdown in outbound travel bookings since the outbreak of coronavirus. "Travellers are being cautious in making their (outbound) travel plans." The contributions from the Southeast Asian countries have got impacted, the spokesperson added. ...Less

  • Coronavirus-led disruption positive for our chemical biz: Rajendra Gogri, Aarti Industries

    Gogri of Aarti Industries says coronavirus outbreak may increase demand from existing clients. ...More

    Gogri of Aarti Industries says coronavirus outbreak may increase demand from existing clients. ...Less

  • Corona outbreak to cast its shadow over 5G rollout

    A prolonged epidemic, they said, could slow down 5G rollouts and devices ecosystem development globally, ...More

    A prolonged epidemic, they said, could slow down 5G rollouts and devices ecosystem development globally, including in India as Chinese vendors such as Huawei have been leading the charge on the 5G front. Such a scenario could potentially spoil the business case and returns prospects for struggling Indian telcos to bid aggressively in a 5G airwaves sale any time soon. ...Less

  • Tata Motors stock in double digits after 11 years

    More than 11 crore shares of Tata Motors were traded on the NSE and 57.43 lakh on the BSE. ...More

    More than 11 crore shares of Tata Motors were traded on the NSE and 57.43 lakh on the BSE. ...Less

  • Genpact flags coronavirus as risk factor; says unable to predict impact on 2020 revenue

    The t company said it expected 2020 revenue to grow 10.5 per cent-12.5 per cent. ...More

    The t company said it expected 2020 revenue to grow 10.5 per cent-12.5 per cent. ...Less

  • Coronavirus impact on India's retail sector

    Emkay Global says the fall in crude prices and moderating agri-input prices should drive margin gains for ...More

    Emkay Global says the fall in crude prices and moderating agri-input prices should drive margin gains for most staples. ...Less

  • Covid-related restrictions in India a drag on Coca-Cola’s overall Q3 Asia-Pac volumes

    The beverage maker said it would not provide a detailed full year 2020 financial outlook given the uncert ...More

    The beverage maker said it would not provide a detailed full year 2020 financial outlook given the uncertainty surrounding the coronavirus pandemic. ...Less

  • Uncertain if any business will be back to normal by Q2 of this fiscal: Harsh Pati Singhania

    While the recovery rate would vary from industry to industry, he said the service sector would take longe ...More

    While the recovery rate would vary from industry to industry, he said the service sector would take longer time to bounce back from the COVID-19 impact. ...Less

  • Airtel, Vodafone Idea keep an eye on coronavirus disruption in China

    The telcos are keeping a close watch on the scale of the epidemic as they have only a few months back-up ...More

    The telcos are keeping a close watch on the scale of the epidemic as they have only a few months back-up inventory for tackling exigencies, industry insiders said. Experts said potential supply chain disruptions would impact Vodafone Idea and Airtel that source a portion of their network gear needs from Chinese OEMs such as Huawei and ZTE. ...Less

  • India Inc post-pandemic: Record profits, cash surge, but private investment lags

    Post-pandemic, India Inc saw significant deleveraging, increased profits, and substantial cash reserves, ...More

    Post-pandemic, India Inc saw significant deleveraging, increased profits, and substantial cash reserves, fueled by tax cuts and lower interest rates. Despite improved capacity utilization and investment announcements, fixed asset creation has slowed. Private sector investment participation has increased, but promoter holdings have declined, indicating a need for greater private sector engagement in India's growth story. ...Less

  • Covid-19 is expected to delay commercial real estate deals

    “It is a Black Swan event that comes with implications for the world economy. The disruption to business ...More

    “It is a Black Swan event that comes with implications for the world economy. The disruption to business cycles is bound to impact commercial real estate decision-making as well,” said Gautam Saraf, managing director at Cushman & Wakefield in Mumbai. ...Less

  • Why is coronavirus seen as such a big threat to economy?

    There are expectations that the loss in trade, tourism, and fresh investment can drag GDP growth. ...More

    There are expectations that the loss in trade, tourism, and fresh investment can drag GDP growth. ...Less

  • Weak demand hurts UAE non-oil private sector again in November: PMI

    The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and s ...More

    The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, stood at 49.5 in November, unchanged from October and staying below the 50.0 mark that separates growth from contraction. ...Less

  • Time to return money to shareholders: Thomas Cook India MD

    The company is generating Rs 200 crore of free cash every year and has thought that this would be an idea ...More

    The company is generating Rs 200 crore of free cash every year and has thought that this would be an ideal time to return that money to shareholders, says Madhavan Menon. ...Less

  • ‘Black swan’ effect? India Inc hopes impact is minimal

    If the virus threat is prolonged, it could impact consumer sentiment and growth across industries. ...More

    If the virus threat is prolonged, it could impact consumer sentiment and growth across industries. ...Less

  • Coronavirus to affect business in near term: Sterling and Wilson Solar

    Ogra further said that the company plans to diversify into newer markets in Far East and additional count ...More

    Ogra further said that the company plans to diversify into newer markets in Far East and additional countries in South America and Europe. ...Less

  • Business giants worth $16 tn commit to mobilising resources to build back better from COVID-19

    Prominent financial institutions and businesses worth USD 16 trillion have pledged to scale-up sustainabl ...More

    Prominent financial institutions and businesses worth USD 16 trillion have pledged to scale-up sustainable investments globally, especially in countries most in need, as a result of the coronavirus pandemic. ...Less

  • Coronavirus: Phone, electronics cos say production to be hit if situation continues

    "We generally plan for a month for the imported items. We had planned for holidays in China (Lunar New Ye ...More

    "We generally plan for a month for the imported items. We had planned for holidays in China (Lunar New Year) but if the situation continues (on account of Coronavirus outbreak), it would be challenging for us in manufacturing," Nandi said. He cited the example of ACs and refrigerators that see a scale up in production ahead of summers to cater to increased demand. ...Less

  • Home Credit India lays off 1800 employees

    "The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one o ...More

    "The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers, partners and businesses. These trying circumstances have compelled us to revisit and re calibrate our business strategy keeping sustainability and business continuity in mind," the company said in a statement. ...Less

  • Eight out of 10 firms believe impact of coronavirus bigger than 2008 downturn: Report

    The IT research firm’s report, which surveyed 630 respondents across IT services providers, enterprises, ...More

    The IT research firm’s report, which surveyed 630 respondents across IT services providers, enterprises, analysts to understand the impact of the epidemic, said majority of these industry representatives feel that this impact will continue for a period between 4-12 months. ...Less

  • Coronavirus has RBI worried; Das says India needs contingency plan

    MPC in a statement said the virus may impact tourist arrivals in India and global trade. ...More

    MPC in a statement said the virus may impact tourist arrivals in India and global trade. ...Less

  • COVID-19 pandemic 'severe demand shock' for Indian economy: D&B

    Accordingly, Dun & Bradstreet has revised its Gross Domestic Product (GDP) estimates for India downwards ...More

    Accordingly, Dun & Bradstreet has revised its Gross Domestic Product (GDP) estimates for India downwards by 0.2 percentage points for fiscal year 2020 to 4.8 per cent and by 0.5 per cent for fiscal year 2021 to 6 per cent. "However, the extent of actual impact would depend on the severity and duration of the outbreak, which is still unknown," D&B said. ...Less

  • Demonetisation, GST & liquidity crisis drove small businesses to the brink. Then came coronavirus

    A string of economic, policy and structural changes over the last three years have dealt a hammer blow to ...More

    A string of economic, policy and structural changes over the last three years have dealt a hammer blow to millions of small businesses across the country. Coronavirus may be the death knell. ...Less

  • Suzuki Motor operating income drops 98 pc in April-June as India sales fall on COVID-19 hit

    The company's consolidated net sales decreased by 482.2 billion yen (53.1 per cent) to 425.3 billion yen ...More

    The company's consolidated net sales decreased by 482.2 billion yen (53.1 per cent) to 425.3 billion yen during the April-June period, Suzuki Motor Corp said in a statement. ...Less

  • Has India stumbled upon a chance defence against coronavirus? Nomura economist thinks it has

    The outbreak of the virus in China has hit India's manufacturing and exports sectors. ...More

    The outbreak of the virus in China has hit India's manufacturing and exports sectors. ...Less

  • Sensex crashes 1,448 points; Rs 5.50 lakh crore gone in a day!

    The BSE market capitalisation fell Rs 5.06 lakh crore to Rs 146.87 lakh crore. ...More

    The BSE market capitalisation fell Rs 5.06 lakh crore to Rs 146.87 lakh crore. ...Less

  • Trade impact of Coronavirus epidemic for India estimated at 348 million dollars: UN report

    Estimates published by United Nations Conference on Trade and Development (UNCTAD) Wednesday said that th ...More

    Estimates published by United Nations Conference on Trade and Development (UNCTAD) Wednesday said that the slowdown of manufacturing in China due to the coronavirus (COVID-19) outbreak is disrupting world trade and could result in a 50 billion dollar decrease in exports across global value chains. ...Less

  • Goldman Sachs reports 49% drop in 1Q profits to $1.1 bn

    The investment banking giant reported profits of $1.1 billion, down 49 percent from the year-ago period. ...More

    The investment banking giant reported profits of $1.1 billion, down 49 percent from the year-ago period. Revenues dipped one percent to $8.7 billion. ...Less

  • HAPPY launches Lockdown Loans for MSMEs

    HAPPY interacted with nearly 300 MSMEs via a survey to understand their sentiments and painpoints before ...More

    HAPPY interacted with nearly 300 MSMEs via a survey to understand their sentiments and painpoints before designing the new feature. ...Less

  • JLR China plant shut down extended till 17th Feb, Q4 earnings set to be hit

    As per the guidelines of the local authorities following the coronavirus outbreak in China, Tata Motors’ ...More

    As per the guidelines of the local authorities following the coronavirus outbreak in China, Tata Motors’ Jaguar Land Rover subsidiary has extended the shutdown of its manufacturing operations in China till Februrary 17. A two-week shutdown at JLR China will potentially affect 16% of its quarterly volume, based on the numbers so far this year. ...Less

  • Diageo withdraws forecast, halts shareholder returns programme

    The Johnnie Walker whisky maker said lockdowns imposed by governments across the world had significantly ...More

    The Johnnie Walker whisky maker said lockdowns imposed by governments across the world had significantly impacted its business. ...Less

  • Wipro Q4 results preview: Will IT major surprise market with Q4 earnings?

    The company is expected to report flat revenue and profit growth in Q4FY20. ...More

    The company is expected to report flat revenue and profit growth in Q4FY20. ...Less

  • Further fiscal stimulus needed to help India properly deal with pandemic fallout: IMF

    Gerry Rice, Director of Communications Department at the International Monetary Fund (IMF), told reporter ...More

    Gerry Rice, Director of Communications Department at the International Monetary Fund (IMF), told reporters at a virtual news conference here that the Washington-based global financial institution supports the Indian government's responses to the pandemic including fiscal stimulus with a focus on low income workers and households. ...Less

  • BoJ eases monetary policy to counter pandemic

    The benchmark Nikkei 225 stock index jumped 2.4% by midday Monday. ...More

    The benchmark Nikkei 225 stock index jumped 2.4% by midday Monday. ...Less

  • Wipro gains 2% ahead of Q4 results; here’s what analysts say

    The IT major is is expected to report flat revenue and profit growth in March quarter. ...More

    The IT major is is expected to report flat revenue and profit growth in March quarter. ...Less

  • Covid impact of tourism: 14.5 million jobs lost in 2020’s Q1 alone

    A study on the impact of coronavirus on tourism conducted by the National Council of Applied Economic Res ...More

    A study on the impact of coronavirus on tourism conducted by the National Council of Applied Economic Research has reported that the pandemic caused “significant” jobs losses in the tourism sector after the lockdown was implemented. ...Less

  • Travel curbs could leave a mark on IT Companies' Q4 numbers

    IT companies are preparing for some slowdown in revenue growth from the impact. ...More

    IT companies are preparing for some slowdown in revenue growth from the impact. ...Less

  • Financial and auto stocks come under bear gaze

    Here are five stocks which have seen highest addition in open interest in the April series. ...More

    Here are five stocks which have seen highest addition in open interest in the April series. ...Less

  • Japan's economy shrank more than estimated in Q2

    The world's third-largest economy shrank 7.9 percent in the second quarter of this year from the previous ...More

    The world's third-largest economy shrank 7.9 percent in the second quarter of this year from the previous quarter, more than the initial 7.8 percent in the preliminary data, the Cabinet Office said. ...Less

  • China blocks Foxconn plan to restart factories over virus worries - Nikkei

    Public health experts carried out inspections at Foxconn's factories in Shenzhen and told the company tha ...More

    Public health experts carried out inspections at Foxconn's factories in Shenzhen and told the company that its factories had a "high risk of coronavirus infection", making them unsuitable for a production restart. Thus it will also not see one of its key iPhone plants based in the central city of Zhengzhou restart work on Monday. ...Less

  • Coronavirus: Stocks that took a hit in India and those who smiled

    India Inc has started citing the epidemic in their quarterly earnings of late. ...More

    India Inc has started citing the epidemic in their quarterly earnings of late. ...Less

  • US headed towards recession in the wake of coronavirus, but tech industry still optimist: Industry expert

    Founder of Indiaspora, a platform to unite Indian-Americans and to transform their success into meaningfu ...More

    Founder of Indiaspora, a platform to unite Indian-Americans and to transform their success into meaningful impact in India and on the global stage, M R Rangaswami said the coronavirus crisis was more difficult than the global economic recession of 2008 because of virus' uncertainty and invisibility. ...Less

  • BMW to shut down European factories over virus

    German carmaker BMW said Wednesday it would close European and South African factories accounting for hal ...More

    German carmaker BMW said Wednesday it would close European and South African factories accounting for half its output for a month, matching other car giants stricken by coronavirus containment measures. ...Less

  • Coronavirus impact: Over 50% of India Inc sees impact on ops, 80% witness fall in cash flow

    The findings were based on interactive sessions and survey conducted by Ficci amongst the industry member ...More

    The findings were based on interactive sessions and survey conducted by Ficci amongst the industry members. ...Less

  • Fitch cuts UK's rating on coronavirus debt surge

    Fitch downgraded the country by one notch to 'AA-' - the same level as its rating for Belgium and the Cze ...More

    Fitch downgraded the country by one notch to 'AA-' - the same level as its rating for Belgium and the Czech Republic - from 'AA' and said a further cut could follow as it kept the rating on negative outlook. ...Less

  • Harvard says to keep stimulus grant after Trump vows it will be returned

    In a statement issued moments after Trump's briefing ended, however, Harvard said it planned "to direct 1 ...More

    In a statement issued moments after Trump's briefing ended, however, Harvard said it planned "to direct 100% of the funds to financial assistance to students, and will not be using any of the funds to cover institutional costs." ...Less

  • Lockdown impact: WeWork India to lay off around 100 employees

    According to sources, WeWork India will honour the notice period and also offer severance packages to its ...More

    According to sources, WeWork India will honour the notice period and also offer severance packages to its employees. The company will continue medical insurance until the end of this year and also offer its coworking centres free of cost. ...Less

  • PM Modi asks India to maintain production lines of essential commodities, prevent black marketing

    Prime Minister Narendra Modi on Monday asked Indian companies to maintain production lines of essential c ...More

    Prime Minister Narendra Modi on Monday asked Indian companies to maintain production lines of essential commodities and ensure there is no hoarding as well as black marketing in the wake of the country fighting the coronavirus outbreak. ...Less

  • United Spirits Q4 results: Net profit plummets 81% to Rs 24 crore

    The maker of McDowell's whiskey said underlying net sales declined 11.08% to Rs 6426.4 crore. ...More

    The maker of McDowell's whiskey said underlying net sales declined 11.08% to Rs 6426.4 crore. ...Less

  • Hero MotoCorp sales at 5,76,957 units in March

    The company had sold 3,34,647 units in March last year, when sales were "adversely impacted due to the im ...More

    The company had sold 3,34,647 units in March last year, when sales were "adversely impacted due to the impending transition to BS-VI from April 2020, in addition to the nationwide lockdown towards the latter half of the month due to coronavirus pandemic", Hero MotoCorp said in a statement. ...Less

  • Coronavirus impact: LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

    Jobs will be cut across sales and hiring divisions of the group globally. Announcing the plan in a messag ...More

    Jobs will be cut across sales and hiring divisions of the group globally. Announcing the plan in a message posted on LinkedIn's website, Chief Executive Ryan Roslansky said the company would provide at least 10 weeks of severance pay as well as health insurance for a year for U.S. employees, and will hire for newly-created roles from laid-off staff. ...Less

  • Air India is a first-rate asset; many cos have shown interest, says Hardeep Singh Puri

    Hardeep Singh Puri, Minister of Civil Aviation of India said sooner or later, we will get a grip on coron ...More

    Hardeep Singh Puri, Minister of Civil Aviation of India said sooner or later, we will get a grip on coronavirus, both in India and across the world. ...Less

  • New life insurance policy: Insurers put in place waiting period for people recovered from COVID

    Industry experts said the waiting period for individuals, who have recovered from coronavirus infection, ...More

    Industry experts said the waiting period for individuals, who have recovered from coronavirus infection, in order to take a new insurance policy has been implemented against the backdrop of high mortality rate related to coronavirus infection. ...Less

  • European shares fall as virus fears outweigh stimulus

    The pan-European STOXX 600 index was down 1.9 per cent at 0804 GMT, with bourses in London and Germany le ...More

    The pan-European STOXX 600 index was down 1.9 per cent at 0804 GMT, with bourses in London and Germany leading declines. ...Less

  • No record to show MSMEs impacted by demonetisation: Gadkari

    Gadkari said that small enterprises were facing issues related to shortage of working capital, labour man ...More

    Gadkari said that small enterprises were facing issues related to shortage of working capital, labour management, and the global economy. ...Less

  • Maintain buy on Tata Motors, target price Rs 178: Analyst

    The brokerage has cut its FY21 consolidated EPS estimate for Tata Motors by around 35% to factor in coron ...More

    The brokerage has cut its FY21 consolidated EPS estimate for Tata Motors by around 35% to factor in coronavirus impact in the first quarter for JLr and weaker-than expected India CV business in FY21. ...Less

  • Donald Trump says he is 'very close' to completing a plan to reopen US

    US President Donald Trump has said he is "very close" to completing a plan to reopen the country currentl ...More

    US President Donald Trump has said he is "very close" to completing a plan to reopen the country currently under a lockdown imposed to stem the spread of the global coronavirus pandemic. ...Less

  • Write-downs to surge for companies as Covid hits demand

    An increasing number of Indian firms are staring at write-downs in their business this fiscal. ...More

    An increasing number of Indian firms are staring at write-downs in their business this fiscal. ...Less

  • Tourism sector comes to a standstill as quarantine fears loom

    With India temporarily suspending visas to people from China and those who visited China due to coronavir ...More

    With India temporarily suspending visas to people from China and those who visited China due to coronavirus outbreak, restrictions on travellers from several other affected countries, and fresh cases emerging in Europe and the US, leisure and business travel, both incoming and outgoing, has taken a hit. ...Less

  • COVID-19: Retail sales recovery period for India might kick-start from May, says report

    The short-term impact of the coronavirus pandemic on retailers in the country will be severe, but retail ...More

    The short-term impact of the coronavirus pandemic on retailers in the country will be severe, but retail sales recovery period for India is expected to kick-start from the first week of May subject to the lockdown not being extended further ...Less

  • Manufacturing activity at 4-month low, PMI at 51.8, optimism low

    The manufacturing Purchasing Managers’ Index (PMI) for India declined to 51.8 in March from 54.5 in Febru ...More

    The manufacturing Purchasing Managers’ Index (PMI) for India declined to 51.8 in March from 54.5 in February. A reading above 50 indicates expansion, while below it signals contraction. ...Less

  • Japan sees 51 coronavirus-related bankruptcies

    The bankruptcies were mostly in the hotel and restaurant industries such as hot spring hotel operator Fuj ...More

    The bankruptcies were mostly in the hotel and restaurant industries such as hot spring hotel operator Fujimi-so in Aichi, central Japan, though they were spreading to small retailers and food producers reliant on inbound tourism, the credit research firm said in a report. ...Less

  • Multiplexes witness up to 20% dip in footfall due to Covid-19

    Several states and UTs including Delhi, Kerala and Jammu & Kashmir have directed the closure of all movie ...More

    Several states and UTs including Delhi, Kerala and Jammu & Kashmir have directed the closure of all movie halls as a precaution against Covid-19. The Karnataka government has also directed to close movie halls in Bengaluru while the Maharashtra government has ordered shut down in some cities such as Mumbai, Navi Mumbai, Nagpur, Pune and Pimpri Chinchwad. ...Less

  • Why GCPL, Marico, Britannia & Emami missed the FMCG rally

    A significant part of these companies’ portfolios has been hit by poor demand. ...More

    A significant part of these companies’ portfolios has been hit by poor demand. ...Less

  • Crisil cuts FY21 growth estimate sharply to 3.5 per cent

    The agency welcomed the Rs 1.70-lakh crore package announced by Finance Minister Nirmala Sitharaman earli ...More

    The agency welcomed the Rs 1.70-lakh crore package announced by Finance Minister Nirmala Sitharaman earlier in the day but said more measures like loan forbearances for small businesses and households are necessary. ...Less

  • Life insurers keep faith in Indian stocks amid mayhem

    The benchmark gauge is trading at 12.4 times 12-month estimated earnings. ...More

    The benchmark gauge is trading at 12.4 times 12-month estimated earnings. ...Less

  • UK economy around a quarter smaller than what is was before coronavirus pandemic

    The Office for National Statistics said Tuesday that the economy grew by 1.8% in May from the previous mo ...More

    The Office for National Statistics said Tuesday that the economy grew by 1.8% in May from the previous month. Despite this increase, the it is 24.5% smaller than it was in February, before the full impact of the coronavirus. ...Less

  • PM Narendra Modi forms economic response task force, calls for 'Janata Curfew'

    In 30-minute address to nation, PM Narendra Modi calls on citizens to be prepared to combat challenges po ...More

    In 30-minute address to nation, PM Narendra Modi calls on citizens to be prepared to combat challenges posed by viral outbreak, emphasises need for ‘social distancing’ and asks businesses to act with empathy towards workers. He said the Janata Curfew will be observed on March 22 between 7 am and 9 pm, comparing it to blackouts during wartime. ...Less

  • Govt to seek NPA relief for companies hit by coronavirus

    The move follows a petition from some industry representatives to finance minister Nirmala Sitharaman to ...More

    The move follows a petition from some industry representatives to finance minister Nirmala Sitharaman to not just relax the norms but also ensure access to funds to tide over payment issues that may arise due to problems in accessing inputs and critical raw material. ...Less

  • Boeing slashes 12,000 jobs as virus seizes travel industry

    The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes bu ...More

    The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets. ...Less

  • Coronavirus: Surat diamond industry stares at Rs 8,000 cr loss

    The Surat diamond industry is likely to face a loss of around Rs 8,000 crore in next two months as Hong K ...More

    The Surat diamond industry is likely to face a loss of around Rs 8,000 crore in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts. Hong Kong is a major business hub for the Surat diamond industry. ...Less

  • Coronavirus attack to slow down IT growth

    TCS, Infosys and HCL will be hit by the reduced technology spending by clients in the US and Europe. ...More

    TCS, Infosys and HCL will be hit by the reduced technology spending by clients in the US and Europe. ...Less

  • Rupee slips below 74 for the first time since October 2018

    "USDINR pair is expected to quote in the range of 73.70 and 74.40,” said Motilal Oswal. ...More

    "USDINR pair is expected to quote in the range of 73.70 and 74.40,” said Motilal Oswal. ...Less

  • It may take 9 months for factories to be on track provided virus spread contained quickly: Industry

    Industry also said the coronavirus pandemic has made the global economic recovery extremely difficult in ...More

    Industry also said the coronavirus pandemic has made the global economic recovery extremely difficult in the near-to-medium term, and India is also experiencing disruptions in many ways that have the potential to derail the growth story. ...Less

  • Coronavirus: TVS Electronics halts manufacturing operations till March 31

    On the impact of the outbreak, the company said: "COVID-19 has affected the supply of some components to ...More

    On the impact of the outbreak, the company said: "COVID-19 has affected the supply of some components to our manufacturing facilities and volume of business in 'Servicetec' segment. This is likely to impact our planned production and volume of business in excess of 10 per cent for the month of March." ...Less

  • Businesses struggling with rising cost of raw materials: PHDCCI survey

    "The survey, which was conducted across 34 sectors, revealed that 73 per cent of respondents were struggl ...More

    "The survey, which was conducted across 34 sectors, revealed that 73 per cent of respondents were struggling with rising cost of raw materials as restrictions in many parts of the country have impacted the pace of economic recovery with uncertain economic environment, disruptions in supply chains and contraction in demand,' it added. ...Less

  • SBI Card IPO to open for subscription on March 2

    SBI Cards has set the price band at Rs 750-755 for the share sale. ...More

    SBI Cards has set the price band at Rs 750-755 for the share sale. ...Less

  • Coronavirus impact: Companies allowed to hold AGMs, EGMS via video conferences

    The decision will be notified in the next couple of days, the official said. Most companies usually have ...More

    The decision will be notified in the next couple of days, the official said. Most companies usually have their AGMs around this time of the year. ...Less

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