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CORONAVIRUS IMPACT ON INDUSTRY
Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...- Demand for cruises appears undimmed despite hantavirus and other onboard outbreaksDespite recent hantavirus and norovirus outbreaks on cruise ships, industry experts anticipate a record number of passengers this year. Man...
- Two-wheeler demand is picking up after lifting of curbs: HondaThe company is preparing to meet customer demand in the upcoming festive season, both by ensuring product availability and increasing promo...
- As govt eases coronavirus lockdown conditions, factories to make muted start on subdued demandCarmakers, phone firms are set to begin production with output less than the usual level.
- Weak demand, oversupply to hurt steel industry post-lockdown: Ind-RaDomestic 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...
- Economy suffers 'unprecedented collapse' due to COVID-19: SurveyAlmost 72 per cent of the respondents said that the present situation is having a "high to very high" level of impact on their business. .
- Indian smartphone industry may take $2 bn hit from coronavirus: Counterpoint ResearchNoting that the effect of the pandemic on India was relatively mild until mid-March, Counterpoint Research said the outbreak is spreading p...
- RBI steps to help mitigate impact of coronavirus lockdown on biz: IndustryRBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune. It all depends how India responds to the s...
- Auto industry stares at $2 bn loss, as factories and dealers shut shop to stem Covid-19 contagionCompanies expect loss of about 750,000 units in production in March alone due to covid outbreak.
- Don't lay off employees: CII tells member companiesIndustry body CII president Vikram Kirloskar's remarks come against the backdrop of mounting concerns that companies, including in India, c...
- Impact of coronavirus on Indian tourism could run into thousands of crores of rupeesAccording to industry chamber CII, this is the one of the worst crises ever to hit the Indian tourism industry impacting all its geographic...
- Covid-19 paints a depressing picture for film industryET has learnt from interactions with big producers and trade analysts that the losses because of postponing of release of the films or shoo...
- Coronavirus could cost airlines USD 113 bn revenue in 2020: IATABecause of the spread of the virus in more than 80 countries, forward bookings have been impacted.
- Coronavirus impact: Hotel industry cuts growth forecast as revenues dipInvestment information and credit rating agency ICRA said the domestic impact of the coronavirus can be far reaching as witnessed around th...
- Indian textile and apparel industry to be affected due to coronavirus attack in China: CMAIA release issued by the association on Thursday said that the prevailing situation in China along with the uncertainty of production commen...
- Coronavirus: How it impacts your moneyAs trade and commerce get disrupted, Indian companies are likely to feel the heat as well.
- Coronavirus outbreak to impact steel industry for next 2-3 years: PradhanThe minister also asked Indian steel companies to enhance output, particularly special steel, to grab larger global market share. A strateg...
- Smartphone industry feels impact of supply disruption due to coronavirus outbreak in ChinaIndustry watchers admitted that the situation on the ground is bad, as the supply lines for smartphones predominantly come from China. At t...
- Coronavirus: Surat diamond industry stares at Rs 8,000 cr lossThe 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 desti...
- Coronavirus: Appliance makers may discuss impact on industry"We are having an industry meeting on February 6 and we may discuss this and take it forward," said CEAMA President Kamal Nandi. Nandi, who...
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