Page 1871 - Coronavirus

Already in debt, Delhi street vendors say they want relief, not more loans

Because of lockdown, most street vendors were not able to earn anything and had to borrow money for survival. Not many will be able to repay the loans offered by the govt, vendors say

Wealth managers advise clients to invest in US-oriented offshore products

International funds delivered 6.8% returns in one year, against large drawdowns in domestic funds

Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20

Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number

Defence reforms: Indian manufacturers looking to ride the opportunity

FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus

Lockdown extensions economically disastrous, says Anand Mahindra

While acknowledging that choices are not easy for policy makers, he said a lockdown extension will not help.

Home appliances remain immune to Covid, lockdown relaxation boosts demand

28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey

Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open

The first of a five-part series captures the restlessness of workers in Haryana's industrial clusters struggling to restart operations

Coronarvirus intermission? More than 80% of film audience miss theatres

That and more is what 'Back to the Theatre', consulting firm Ormax Media's report on the 'Expected theatre-going behaviour in India post Covid-19,' states

Crompton Consumer: Cost control, market share gains lend comfort

With products less discretionary and seasonal in nature, company's growth could see faster recovery, say analysts

India reports 6,977 new Covid-19 cases in a day, death toll crosses 4,000

Summer heat not enough to kill coronavirus as cases mount over the past few days

Sebi okays use of shares in depository account as margin until Aug 31

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system

Delay in projects to impact profitability in FY21, says Cochin Shipyard

There will not be any additional impact due to liquidated damages for delay in running projects as it has already invoked Force Majeure clause available in all the contracts

ATMs to become virtual bank branches, accept deposits with instant credit

Close to 14.6 per cent (or 35,000) of the 240,000 ATMs in India are new-age recyclers, even though they have been around for only 3 years on the local landscape.

Covid-19: WHO halts trial of hydroxychloroquine, awaits more safety data

"It's important to continue to gather evidence on the efficacy and safety of hydroxychloroquine," WHO Chief Scientist Soumya Swaminathan said at a press briefing in Geneva

NCDEX launches agriculture index futures, trading to start on Tuesday

Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

Covid's economic toll on Maharashtra

Maharashtra can expect to get additional funding from the increased allocation of Rs 40,000 crore to the Mahatma Gandhi National Rural Employment Guarantee Act announced by the Centre

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

China's syndromes

Multiple motives behind military escalation

Confusion in air

Aviation ministry should have taken states on board