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Advertisers have estimated the loss in commercials could be Rs 6,000-7,000 crore in April and May. The loss includes ad revenues from IPL
Deal part of RIL plan to unlock 19% stake in Jio to become debt-free
Manufacturers have sent out SOPs and norms dealers must follow before starting operations; Maruti and Hyundai have already opened a few outlets, others are awaiting permission
Dealers located in green zones as specified by the government are applying for permission under the Shops and Establishments Act to reopen their showrooms.
Domestic manufacturers allege the tender favours global players
It's for this new consumer that companies are adapting their products and services
Some firms are being even more adventurous and toying with an idea that, on the face of it, seems counter-intuitive, namely replicating the work from a home model in the factory.
Banks want tenants to make payment in escrow accounts
In an interview with Surajeet Das Gupta, Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, charts out the challenges and way forward for the economy as well as NBFCs
Supply chain glitches and unavailability of labour also a deterrent
Big manufacturers say they would take more time to be ready to comply with the guidelines and get permissions before starting production
Corporate houses want the governments to divide districts into smaller zones to identify low-risk areas where factories can start work, peg production capacity to the risk of Covid-19 in a zone
Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.
Carmakers are rushing to make EVs, but not Maruti; it believes these won't make sense till battery technology, charging infra and financing improve in India
Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19.
Sanitisation, social distancing top of the agenda as shop floors get ready to open again
Firms may have to sack 20% of workforce, says study by retailers' association
The advisory should help food delivery services, e-commerce companies, cold storages and warehousing establishments.
According to COAI estimates, each telco would require about an additional 5MHz to ensure that the networks continue to function smoothly
The demand for data dongles has also doubled in the last few days and many retailers are asking for a week to replenish their stocks