- Indian aviation market offers long-term opportunities: Star Alliance CEO
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 sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisis
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

- Demand for cruises appears undimmed despite hantavirus and other onboard outbreaks
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

- Covid-19 impact: Opportunity to boost international supply chains, says India Inc
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

- Lockdown impacting your income? Do this now so that your future money goals are safe
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

- Indian businesses resilient despite novel coronavirus impact: HSBC's Navigator report
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

- Malls operators may offer relief to tenants due to impact of coronavirus on business
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

- 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 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

- 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

- 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

- 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

- 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

- 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

- 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

- 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