• 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

  • 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

  • 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-19 led to supply chain disruptions and production halt in the latter half of March 2020. ...More

    COVID-19 led to supply chain disruptions and production halt in the latter half of March 2020. ...Less

  • The Indian pharma industry has been a world leader in generics both globally and in domestic markets. ...More

    The Indian pharma industry has been a world leader in generics both globally and in domestic markets. ...Less

  • Aviation is among the worst-affected sectors amidst the Covid-19 crisis. ...More

    Aviation is among the worst-affected sectors amidst the Covid-19 crisis. ...Less

  • With some sectors recovering much faster than others, experts said top executives of some companies may g ...More

    With some sectors recovering much faster than others, experts said top executives of some companies may get decent salary increases while some others may have to take a pay cut. ...Less

  • Coronavirus outbreak could cause a dent to the recovery of the Indian economy amid supply chain disruptio ...More

    Coronavirus outbreak could cause a dent to the recovery of the Indian economy amid supply chain disruptions and inflationary pressures, a report said on Thursday. ...Less

  • Impact of the coronavirus pandemic on the world economy and how India is placed

    As the world is undergoing the impact of Coronavirus, the IMF has revised its global GDP growth estimate. ...More

    As the world is undergoing the impact of Coronavirus, the IMF has revised its global GDP growth estimate. ET Wealth studies how India is placed in this scenario. ...Less

  • Coronavirus impact: India pulls out of shooting world cup in Cyprus

    The Indian team withdrew from the tournament on the advice of the government, a National Rifle Associatio ...More

    The Indian team withdrew from the tournament on the advice of the government, a National Rifle Association of India (NRAI) said. ...Less

  • PM, other top BJP leaders to stay away from Holi gatherings due to Coronavirus concerns

    "Experts across the world have advised to reduce mass gatherings to avoid the spread of COVID19 Novel Cor ...More

    "Experts across the world have advised to reduce mass gatherings to avoid the spread of COVID19 Novel Coronavirus. Hence this year, I have decided not to participate in any 'Holi milan' programme," the PM tweeted. This year, Holi is on March 10. ...Less

  • Big-ticket expat hirings stuck, all joining dates rescheduled

    Expat hiring will get pushed out at least temporarily, including for OCI cardholders, experts say. ...More

    Expat hiring will get pushed out at least temporarily, including for OCI cardholders, experts say. ...Less

  • Covid-19 paints a depressing picture for film industry

    ET has learnt from interactions with big producers and trade analysts that the losses because of postponi ...More

    ET has learnt from interactions with big producers and trade analysts that the losses because of postponing of release of the films or shooting of under-production films could be in the range of Rs 200-250 crore for the next two-three months. ...Less

  • Coronavirus impact: Evidence mounts that the global recession is already here

    The whole system -- the whole aggregate of supply chains has been rocked quite significantly. ...More

    The whole system -- the whole aggregate of supply chains has been rocked quite significantly. ...Less

  • World’s biggest lockdown brings trucks to a standstill

    Daily movement of trucks has collapsed to less than 10% of normal levels, according to All India Motor Tr ...More

    Daily movement of trucks has collapsed to less than 10% of normal levels, according to All India Motor Transport Congress, an umbrella body of goods vehicle operators representing about 10 million truckers. Road transport accounts for about 60% of freight traffic in India and 87% of its passenger traffic, according to Road ministry. ...Less

  • Coronavirus could impact timescale for Vijay Mallya's extradition to India

    Cadman, who has led several high-profile extradition cases in the UK, "That is a very high threshold that ...More

    Cadman, who has led several high-profile extradition cases in the UK, "That is a very high threshold that is not often met.Further, much of the deliberation of the Chief Magistrate and now the High Court was on the facts. ...Less

  • Holi 2020: Coronavirus impacts Holi celebrations across India

    Holi 2020: Coronavirus impacts Holi celebrations across India ...More

    Holi 2020: Coronavirus impacts Holi celebrations across India ...Less

  • Coronavirus fall to have minimal impact on India's GDP: Report

    The Carona virus is slowly spreading to the rest of the world which was largely concentrated in China, an ...More

    The Carona virus is slowly spreading to the rest of the world which was largely concentrated in China, and is expected to have adverse economic consequences. If China's economy slows to 1.2 per cent in January-March quarter, the GDP shock to India from the demand side could be about 0.4- 0.5 per cent, the report said. ...Less

  • Coronavirus to impact India's economic growth "severely": D&B

    According to Dun & Bradstreet's latest Economy Forecast, the probability of countries entering into reces ...More

    According to Dun & Bradstreet's latest Economy Forecast, the probability of countries entering into recession and companies going bankrupt has increased and India is not likely to "remain decoupled" from the global meltdown. India's GDP growth is expected to moderate further from our earlier estimate of 5 per cent for FY20, it said. ...Less

  • India's jewellers brace for worst sales in 25 years amid coronavirus scare

    Purchases are estimated to plummet 30% in 2020 from the 690 tons last year. ...More

    Purchases are estimated to plummet 30% in 2020 from the 690 tons last year. ...Less

  • Coronavirus impact: Ministry of Defence defers capital acquisition deadlines to June

    The ministry is set to start working at full strength from Monday, with all officials told to report to o ...More

    The ministry is set to start working at full strength from Monday, with all officials told to report to office, taking adequate precautions like wearing of masks and maintaining social distancing. ...Less

  • Don't lay off employees: CII tells member companies

    Industry body CII president Vikram Kirloskar's remarks come against the backdrop of mounting concerns tha ...More

    Industry body CII president Vikram Kirloskar's remarks come against the backdrop of mounting concerns that companies, including in India, could resort to retrenchment due to sluggish demand and various restrictions in place to curb spreading of the coronavirus infection. ...Less

  • Lockdown led to 30% surge in resumes from job seekers: Recruitment firms

    Placement firm TeamLease Services has received 22,367 resumes in May from hospitality sectors alone, up a ...More

    Placement firm TeamLease Services has received 22,367 resumes in May from hospitality sectors alone, up a staggering 444 per cent from 4,109 in the previous month. Professionals who are proactively looking out have either been handed out pink slips or are facing job threats as their companies take the restructuring route, said executives aware of the matter. ...Less

  • The effect of coronavirus pandemic begins to show up in India's foreign trade numbers

    Muted exports could shave off India's economic growth that already faces a challenges on the domestic fro ...More

    Muted exports could shave off India's economic growth that already faces a challenges on the domestic front due to an ongoing slowdown and coronavirus pandemic. ...Less

  • Why India is also susceptible to coronavirus-like diseases

    Human and wildlife interactions are increasing as Indian settlements press up against remaining wild spac ...More

    Human and wildlife interactions are increasing as Indian settlements press up against remaining wild spaces. ...Less

  • Next 10-15 days crucial in dealing with coronavirus and its economic impact: Dr Sangita Reddy

    The FICCI President says appropriate health response, collective public discipline, and acknowledgment of ...More

    The FICCI President says appropriate health response, collective public discipline, and acknowledgment of the economic crisis with policy measures is the need of the hour. ...Less

  • Coronavirus outbreak: Preemptive measures in place to ensure no disruption to supply chains: Sanjeev Sanyal

    Steps have already been taken to identify specific goods and ensure their imports especially pharmaceutic ...More

    Steps have already been taken to identify specific goods and ensure their imports especially pharmaceuticals, he said. Certification agencies have been directed to ramp up capacity to issue certificates expeditiously. ...Less

  • All assets are vulnerable, India too won’t escape: Marc Faber

    The coronavirus is just the catalyst to a decline. The deeper reason for this decline is that by early Fe ...More

    The coronavirus is just the catalyst to a decline. The deeper reason for this decline is that by early February markets around the world were 1) overbought 2) expensive and 3) disregarded a global economy that had begun to slow down in 2019, says the author of Gloom, Boom & Doom Report ...Less

  • India Inc seeks fiscal stimulus, moratorium on debt repayment to mitigate coronavirus impact

    India has already been facing growth deceleration, with GDP growth falling to 4.7% in 3rd quarter of FY20 ...More

    India has already been facing growth deceleration, with GDP growth falling to 4.7% in 3rd quarter of FY2020. ...Less

  • Lockdown to have "material" impact on production, sales: Dabur India

    FMCG major Dabur India on Wednesday said the Covid-19 pandemic and the consequent lockdown will have "mat ...More

    FMCG major Dabur India on Wednesday said the Covid-19 pandemic and the consequent lockdown will have "material" impact on the company's production and sales in March and will continue till the lockdown stays during the current financial year. ...Less

  • Covid impact: Indians are now more obese, hypertensive and prone to diabetes

    Incidentally, the surge has been more pronounced among the urban dwellers. One-third of the urban men and ...More

    Incidentally, the surge has been more pronounced among the urban dwellers. One-third of the urban men and women surveyed were found to be overweight or obese. ...Less

  • Covid-19 to hit imports of card swipe machines

    Indian payment companies get 90% of their point-of-sale terminals from China and their imports are now on ...More

    Indian payment companies get 90% of their point-of-sale terminals from China and their imports are now on the verge of getting disrupted as Chinese manufacturing activity is still reeling from the Covid-19 outbreak. ...Less

  • Coronavirus impact: MG Motor February retail sales take hit due to component supply constraints

    MG Motor India on Sunday reported retail sales of 1,376 units in February, hit by component supply constr ...More

    MG Motor India on Sunday reported retail sales of 1,376 units in February, hit by component supply constraints from coronavirus hit-China and other locations. ...Less

  • Companies move jobs away from India as coronavirus shakes up back offices

    Having staff work from home is difficult because of rules on handling of sensitive material. ...More

    Having staff work from home is difficult because of rules on handling of sensitive material. ...Less

  • Coronavirus impact: Costly labour to burn hole in India Inc books

    Workforce shortage is biting. Wages will have to be increased to keep migrants from leaving for villages. ...More

    Workforce shortage is biting. Wages will have to be increased to keep migrants from leaving for villages. ...Less

  • Coronavirus impact worsens India's educational divide, UN agency says

    Worst-hit were private schools that receive no government grants, but where many poor families aspiring f ...More

    Worst-hit were private schools that receive no government grants, but where many poor families aspiring for a better education send their children, as parents found themselves unable to pay fees after the reduced economic activity. ...Less

  • Ford decides to halt production in India, South Africa on coronavirus impact

    Last week, Ford moved to hoard cash, drawing down $15.4 billion from two credit lines and suspending its ...More

    Last week, Ford moved to hoard cash, drawing down $15.4 billion from two credit lines and suspending its dividend. It has also abandoned its 2020 financial forecast and said the cash would be used to deal with a squeeze on capital caused by shutdowns in production. ...Less

  • A month's shutdown to shave off 50 bps from India's GDP: BofA

    The report factored in extension of shutdowns to contain the COVID 19 virus outbreak into April-end from ...More

    The report factored in extension of shutdowns to contain the COVID 19 virus outbreak into April-end from mid-April. ...Less

  • Pharma companies in panic mode as lockdown hits supply chain

    The ban on public transportation is making it difficult for labourers to reach manufacturing plants. All ...More

    The ban on public transportation is making it difficult for labourers to reach manufacturing plants. All the ancillary goods required for medicine production are getting detained or are shut. Printers that manufacture packaging for medicines are shut, vehicles of suppliers of packaging materials for medicines are getting detained. ...Less

  • Indian banks plan to shut down most branches during lockdown: Sources

    Banks have been exempted from a 21-day lockdown that began this week. ...More

    Banks have been exempted from a 21-day lockdown that began this week. ...Less

  • View: Get real to the best bad deal in battle against COVID-19

    For now, the economy will have to be put in a deep freeze. The fight will have to be led by GoI. ...More

    For now, the economy will have to be put in a deep freeze. The fight will have to be led by GoI. ...Less

  • Coronavirus impact: India's coal import drops over 27% to 16 MT in March

    India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 per cent over last year, due t ...More

    India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 per cent over last year, due to restrictions imposed at various ports in the wake of coronavirus outbreak in the country. ...Less

  • How Indians are dealing with the onset of a deadly coronavirus outbreak

    This virus has been a great leveller, affecting people irrespective of their wealth and social status. ...More

    This virus has been a great leveller, affecting people irrespective of their wealth and social status. ...Less

  • Indian banks shelve fundraising plans as coronavirus derails markets

    Bank of India was planning to raise around Rs 2,000 crore ($269 million) via a QIP. ...More

    Bank of India was planning to raise around Rs 2,000 crore ($269 million) via a QIP. ...Less

  • Contingency plan needed to deal with impact of coronavirus: RBI Guv Das

    RBI in a statement said the outbreak of coronavirus in China and its spread across geographies will impac ...More

    RBI in a statement said the outbreak of coronavirus in China and its spread across geographies will impact tourist arrivals and global trade, and has triggered sell off in equity as well as crude oil markets. Talking to reporters, Das said the extent of impact of coronavirus is still uncertain and unfolding, as he made a case for preparing a contingency plan to deal with the situation and its impact on the economy. ...Less

  • Western Coalfields registers highest single day production amid nationwide lockdown

    Employees, currently 42,000, are working 24x7 in both underground & opencast coal mines to produce and de ...More

    Employees, currently 42,000, are working 24x7 in both underground & opencast coal mines to produce and despatch enough coal to its linked power plants, so that there should be no disruption in electricity supply in the country at present necessary to combat the menace of COVID-19, WCL said in a press release. Coal Mining activity has been declared as Essential Service. ...Less

  • Covid impact: IIMs push back academic schedules, to focus more on online & hybrid learning models

    IIM Calcutta has pushed its opening date to July 13. The institute’s director Anju Seth said that they wo ...More

    IIM Calcutta has pushed its opening date to July 13. The institute’s director Anju Seth said that they would focus more on blended learning programmed, and would extend this to more geographies. ...Less

  • World economy will go into recession with likely exception of India, China: United Nations

    UN's trade body, however, did not give a detailed explanation as to why and how India and China will be t ...More

    UN's trade body, however, did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries. Further, given the deteriorating global conditions, fiscal and foreign exchange constraints are bound to tighten further over the course of the year. ...Less

  • India can fill up export market space vacated by China due to coronavirus: Assocham

    "Barring a few segments, a large number of engineering exports from India can fill up the market vacated ...More

    "Barring a few segments, a large number of engineering exports from India can fill up the market vacated by China; so is the case with products like leather and leather goods," Assocham Secretary General Deepak Sood said. He said India can also tap the opportunities in segments like agriculture and carpets. ...Less

  • Foreign flights banned, curbs likely on public transport in the view of Coronavirus outbreak

    The government announced the flight ban — no international services for a week starting Sunday — after a ...More

    The government announced the flight ban — no international services for a week starting Sunday — after a meeting of the group of ministers (GoM) chaired by health minister Harsh Vardhan. Indian Railways will suspend concessional travel from Sunday midnight, except for patients, students and the differently abled. ...Less

  • Foreign trade policy to be extended by 6 months till Sep 30

    The commerce ministry is already in consultation with all stakeholders for the preparation of the next po ...More

    The commerce ministry is already in consultation with all stakeholders for the preparation of the next policy (2020-25), as the validity of the current one ends on March 31, 2020. The ministry's arm directorate general of foreign trade (DGFT) is formulating the policy. At present, tax benefits are provided under merchandise export from India scheme. ...Less

  • Maruti, Hyundai, Toyota say production schedules unaffected so far by coronavirus outbreak in China

    The companies, however, continue to monitor the situation closely, especially the operations of their maj ...More

    The companies, however, continue to monitor the situation closely, especially the operations of their major suppliers, in order to face any adverse situation that crops up in the future. The domestic automobile industry, which has been riding through the worst slump in two decades, is likely to be negatively impacted and its supply chain disrupted if the coronavirus outbreak in China and South-East Asia persists longer. ...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

  • Indian refiners get rare oil cheap as Coronavirus chokes demand in China

    BPCL will receive a million barrels each of Brazil's Sapinhoa and Mediterranean CPC blend in April. ...More

    BPCL will receive a million barrels each of Brazil's Sapinhoa and Mediterranean CPC blend in April. ...Less

  • Finance Ministry to assess impact of coronavirus outbreak on trade

    "On the impact of coronavirus outbreak and any disruptions to Make in India or to Indian export/import, F ...More

    "On the impact of coronavirus outbreak and any disruptions to Make in India or to Indian export/import, Finanace Ministry is scheduled to hold a meeting on Tuesday 18 Feb. Stakeholders are welcome." Union Finance Minister Nirmala Sitharaman tweeted on Sunday. ...Less

  • Power demand down 22 pc at 127.96 GW

    In actual terms, the power demand has come down by about 35 GW on Wednesday in a week's time. The peak de ...More

    In actual terms, the power demand has come down by about 35 GW on Wednesday in a week's time. The peak demand met was down mainly due to lower industry and state power distribution utilities demand across the county as industrial and commercial establishments are completely shut under the lockdown. In view of COVID-19 outbreak, the government has imposed lockdown for 21-days. ...Less

  • India's coronavirus numbers are rising but there's a good news

    India is seeing more than 50,000 new cases every day now. But according to numbers from the Union Health ...More

    India is seeing more than 50,000 new cases every day now. But according to numbers from the Union Health Ministry, recoveries are rising too, and so are the number of tests. ...Less

  • What will be tax impact on NRIs stranded in India due to novel coronavirus pandemic

    An NRI stranded in India due to coronavirus travel restrictions would require to check the conditions to ...More

    An NRI stranded in India due to coronavirus travel restrictions would require to check the conditions to decide whether there could be additional tax implications on him due to remotely working from India for his/her foreign employer. ...Less

  • Coronavirus impact: Air India sale deadline extended by over a month

    The government, however, does expect to find bidders for Air India this time and is confident that the Co ...More

    The government, however, does expect to find bidders for Air India this time and is confident that the Coronavirus pandemic is unlikely to impact interest in Air India. ...Less

  • Coronavirus impact: MRF, Maxxis India suspend production till April 14

    Similarly, Maxxis India said it has suspended manufacturing operations at its Sanand facility till April ...More

    Similarly, Maxxis India said it has suspended manufacturing operations at its Sanand facility till April 14, 2020 in view of the lockdown to contain the pandemic. ...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

  • Tata Trusts commits Rs 500 crore to fight coronavirus

    Commenting on the same Ratan Tata said, "The situation in India and across the world is of grave concern ...More

    Commenting on the same Ratan Tata said, "The situation in India and across the world is of grave concern and needs immediate action. Tata Trusts and the Tata group’s companies have in the past risen to the needs of the nation. At this moment, the need of the hour is greater than any other time. " He added that urgent emergency resources need to be deployed to cope with the crisis. ...Less

  • Weak demand, oversupply to hurt steel industry post-lockdown: Ind-Ra

    Domestic steel demand in FY21 is likely to drop by around 12-15 per cent year-on-year with end-use indust ...More

    Domestic steel demand in FY21 is likely to drop by around 12-15 per cent year-on-year with end-use industries being closed down and limited demand growth expected over the near term. ...Less

  • DICV adopts multi-faceted approach in battle against COVID-19

    Daimler India Commercial Vehicles at its 440-acre facility in neighbouring Oragadam manufactures trucks, ...More

    Daimler India Commercial Vehicles at its 440-acre facility in neighbouring Oragadam manufactures trucks, buses to domestic and overseas market. The heavy commercial vehicle manufacturer has rolled-out a multi-tiered strategy aimed at helping the community, a company statement said. ...Less

  • Chyawanprash sees boost in demand

    Chyawanprash is a product which is otherwise mostly consumed in winter months and, as an industry source ...More

    Chyawanprash is a product which is otherwise mostly consumed in winter months and, as an industry source pointed out, this is perhaps for the first time it is seeing a huge offtake in March-April, following the spike in Covid-19 cases in the country. ...Less

  • Centre approves COVID-19 emergency package for states, UTs

    In a letter to the additional chief secretaries, principal secretaries and commissioners(Health) of all s ...More

    In a letter to the additional chief secretaries, principal secretaries and commissioners(Health) of all states and UTs, the Health Ministry said the 100 per cent centrally funded package will be implemented in three phases . The death toll due to novel coronavirus rose to 166 and the number of cases climbed to 5,734 in the country on Thursday. ...Less

  • Covid-19 bugs jewellers who’d got big orders

    Analysts expect the price to rise further in the short term due to continuing the impact of the new coron ...More

    Analysts expect the price to rise further in the short term due to continuing the impact of the new coronavirus disease, or Covid-19, in the global markets. ...Less

  • Coronavirus outbreak to hit global growth; to have limited impact on India: RBI Guv

    Only few sectors are likely to see some disruptions but alternatives are being explored, the RBI governor ...More

    Only few sectors are likely to see some disruptions but alternatives are being explored, the RBI governor said. ...Less

  • Air India HQ sealed for two days after employee tests positive for coronavirus

    The government-run Air India is the only airline participating in the Vande Bharat Mission, under which t ...More

    The government-run Air India is the only airline participating in the Vande Bharat Mission, under which the carrier would operate 64 flights between May 7 and May 14 to repatriate around 15,000 stranded Indians from 12 countries on a payment basis. ...Less

  • Despite improved growth outlook, surge in infections presents risks for Indian economy

    Economists in a Reuters poll forecast gross domestic product in Asia's third largest economy to shrink 8. ...More

    Economists in a Reuters poll forecast gross domestic product in Asia's third largest economy to shrink 8.8% in the September quarter, after a contraction of 23.9% in the previous quarter, amounting to a technical recession. ...Less

  • ET Graphics: In times of Covid-19, what India Inc needs from government

    Major industris are facing a specific set of problems in a time where Covid-19 outbreak is prevailing. ...More

    Major industris are facing a specific set of problems in a time where Covid-19 outbreak is prevailing. ...Less

  • Even with a vaccine, coronavirus is shaping up to be a battle for years

    Our record with viruses has not been great. With coronavirus ravaging the globe, experts believe that eve ...More

    Our record with viruses has not been great. With coronavirus ravaging the globe, experts believe that even with a vaccine, its going to be a long time before the virus is fully driven out of existence. ...Less

  • Coronavirus impact: Indians pack their bags for home

    People studying overseas and those on short trips abroad are returning to India ahead of time. Airlines a ...More

    People studying overseas and those on short trips abroad are returning to India ahead of time. Airlines aren’t sure about the impact of the visa curbs. Delta has announced a cut in New York-Mumbai services from five a week to four between April and October. ...Less

  • Deeply concerned with 'inappropriate' social media post on coronavirus; probing the matter: Infosys

    Infosys on Thursday said it is deeply concerned with an "inappropriate post" on social media related to t ...More

    Infosys on Thursday said it is deeply concerned with an "inappropriate post" on social media related to the coronavirus outbreak being attributed to a company employee, and vowed to take necessary action based on its investigation. ...Less

  • ArcelorMittal fears sales, profitability getting impacted in 2020 on coronavirus spread

    The Luxembourg-headquartered company is the world's largest steel producer with steel-making operations i ...More

    The Luxembourg-headquartered company is the world's largest steel producer with steel-making operations in 18 countries on four continents, including 46 integrated and mini-mill steel-making facilities. ...Less

  • Oil demand slumps 70% in India as third-biggest buyer shuts down

    India’s March 25 decision to impose a three-week lockdown on its 1.3 billion people was the most far-reac ...More

    India’s March 25 decision to impose a three-week lockdown on its 1.3 billion people was the most far-reaching measure undertaken by any government to curb the spread of the coronavirus. It has helped plunge global energy markets deeper into turmoil just as hopes had started to surface that resurgent Chinese demand could offer some support. ...Less

  • Jan sales at 3,130 units, Feb numbers may be hit by coronavirus disruption: MG Motor

    Commenting on January sales performance, MG Motor India Chief Commercial Officer Gaurav Gupta said, "The ...More

    Commenting on January sales performance, MG Motor India Chief Commercial Officer Gaurav Gupta said, "The robust sales momentum of our first offering, the Hector, has been very encouraging." ...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

  • 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

  • Rupee opens 26 paise up at 72.47 against dollar

    In the previous session, the local currency declined to the lowest level in a year. ...More

    In the previous session, the local currency declined to the lowest level in a year. ...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

  • Moody's lowers Apac growth forecast for 2020 to 5.2% due to coronavirus

    The coronavirus that emerged in China early January has killed over 1,860 people and infected more than 7 ...More

    The coronavirus that emerged in China early January has killed over 1,860 people and infected more than 72,000 so far and there is no end in sight yet. The epidemic has forced China to shutter over a dozen of its teeming cities, locking up over 60 million people and closing down tens of thousands of factories, impacting the global supply chain. ...Less

  • COVID-19 crisis likely to hit 29 lakh jobs in Indian aviation, dependent sectors: IATA

    The International Air Transport Association (IATA) said its latest estimates indicate a worsening of the ...More

    The International Air Transport Association (IATA) said its latest estimates indicate a worsening of the country impact from the COVID-19 crisis in the Asia-Pacific region. About India, IATA said the pandemic is expected to potentially impact 29,32,900 jobs in the country's aviation and its dependent industries. ...Less

  • Govt approves ex-gratia compensation for FCI officials in case of death

    Announcing this, the union minister for food and consumer affairs minister Ram Vilas Paswan said that the ...More

    Announcing this, the union minister for food and consumer affairs minister Ram Vilas Paswan said that the government is committed to provide all possible security to our Corona-warriors engaged in providing essentials and services to the common man during these times of crisis. ...Less

  • Auto industry stares at $2 bn loss, as factories and dealers shut shop to stem Covid-19 contagion

    Companies expect loss of about 750,000 units in production in March alone due to covid outbreak. ...More

    Companies expect loss of about 750,000 units in production in March alone due to covid outbreak. ...Less

  • Ikea not to pass on duty hike impact on imported furniture to customers

    In the Union Budget 2020 announced on February 1, Finance Minister Nirmala Sitharaman announced to increa ...More

    In the Union Budget 2020 announced on February 1, Finance Minister Nirmala Sitharaman announced to increase customs duty on imported furniture from the present 20 per cent to 25 per cent. The move was aimed to protect the interest of the MSME segment. Ikea opened its first store in the country in Hyderabad in August 2018. ...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

  • Coronavirus outbreak: Bimal Jalan pitches for fiscal stimulus

    Jalan highlighted that India's macroeconomic situation was already troublesome and the growth would be im ...More

    Jalan highlighted that India's macroeconomic situation was already troublesome and the growth would be impacted further due to the COVID-19 pandemic. "And we should not worry about a fiscal deficit target being higher than what has been announced. Because this is much more important. You know if there is security matter or something then you spend money more," he said. ...Less

  • Proposal for relief to MSME sector on account of coronavirus

    Union Minister Nitin Gadkari said the MSME sector is facing a big challenge on account of the coronavirus ...More

    Union Minister Nitin Gadkari said the MSME sector is facing a big challenge on account of the coronavirus outbreak. ...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

  • Coronavirus impact: 3M India rallies 20% as demand for masks, sanitizers spikes

    The scrip jumped nearly 21 per cent to an intraday high of Rs 24,348 on March 5. ...More

    The scrip jumped nearly 21 per cent to an intraday high of Rs 24,348 on March 5. ...Less

  • India well prepared, coronavirus impact will be 'much smaller and manageable': Niti Aayog member

    The impact of the coronavirus outbreak in India will be "much smaller and manageable" as the big decision ...More

    The impact of the coronavirus outbreak in India will be "much smaller and manageable" as the big decision of nationwide lockdown and travel restrictions were put in place much before other countries, a Niti Aayog member said on Wednesday. ...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

  • 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

  • Amid coronavirus outbreak, Air India disinvestment might be 'quite difficult at this moment': IATA

    The outbreak, which has infected over 95,000 people and resulted in more than 3,200 deaths worlwide, is t ...More

    The outbreak, which has infected over 95,000 people and resulted in more than 3,200 deaths worlwide, is taking a toll on the global airline industry, especially due to travel restrictions. Against this backdrop, IATA Chief Economist Brian Pearce said, "I think it is going to be very difficult times for the (Indian) airlines". ...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

  • 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

  • Minimal impact on students' job offers, summer internships amid COVID-19 crisis: IIM-C

    Several recruiters made alternate arrangements to start the internship as per their original commitment v ...More

    Several recruiters made alternate arrangements to start the internship as per their original commitment via digital media, leveraging their IT capabilities. Some others deferred the joining dates to April 13 or April 20 to deal with emerging challenges of the lockdown. At this time, 90 per cent of the employers are expected to start their internships by April 20. ...Less

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