Page 1885 - Coronavirus

Covid-19: Banking slippages may rise by Rs 5.5 trn this fiscal, says report

While slippages from the corporate sector may rise by Rs 3.4 trillion, for non-corporate segments it may increase by Rs 2.1 trillion in FY21

IT firms seek higher volume of work from clients amid price discount demand

Higher volume may offset losses from delayed payment in short-term; travel & hospitality, auto cliebts make max requests for delayed payment; Large IT firms likely to gain most from price war

We expect demand to pick-up closer to festive season, says Audi India chief

We would like to urge the Government/ GST council to reduce GST, import duties, and rationalise the vehicle registration cost on luxury cars, he says

MP govt sends proposal for changes in labour law to Centre for approval

In a first-of-its kind proposal, the state govt said in a press statement that it had proposed making the Factories Act, 1948, applicable to units hiring at least 50 workers, instead of 10 and 20

Amazon takes on Swiggy, Zomato; rolls out food delivery services in India

Amazon launched its Prime services in India in 2016 and already offers services such as video and music streaming as well as grocery delivery in many cities across the country

'Covid-19 took my job, Amphan the rest': Cyclone devastates Bengal

Half a dozen districts, including large parts of Kolkata, wore a battered look as lakhs of people were homeless and low-lying areas swamped by the cyclone that slammed the Digha coast of West Bengal

FinMin sanctions Rs 92,077 cr to states as devolution of central taxes

The Budget had projected the share of the states in taxes at Rs 7.84 trilllion for 2020-21.

Vocal for local: Khadi masks to be exported to corona-hit US, UAE

Of total domestic orders for 800,000 masks, 600,000 have been supplied to Rashtrapati Bhawan, PMO and ministries

UP to boost covid-19 testing as migrant influx hits 2-million mark

The daily testing capacity, including pool testing, has now touched 7,000 samples, and the state is aiming to raise it to 10,000 in the days to come

Corporate revenues drop over 25% during Covid-19 lockdown: Survey

Survey also shows that business will return to normal only by 2021, while 22 per cent business leaders expect it to take more than a year, from when the lockdown ends

MyTVS launches sanitisation services for cars as Lockdown 4.0 nears end

Services is being offered at its outlets, but can also be extended to customers' doorstep

Oxfam to close 18 offices worldwide as coronavirus outbreak drains finances

Following the changes, it will retain a physical presence in 48 countries, six of which it will explore as new independent affiliate members, including Indonesia and Kenya

IPL 2020 to saliva ban: Here's what Cummins said on cricket after Covid-19

Cummins was bought by Kolkata Knight Riders for a whopping Rs 15.5 crores, making him the most expensive foreign player in the history of IPL

MARKET WRAP: Sensex ends 114 pts higher, ITC surges 7%; India VIX drops 8%

All that happened in the markets today

Domestic flights to resume on May 25: Here's what is allowed and what isn't

Here is what is going to change for passengers as they fly from Monday

Australia seeks to strengthen ties with India in strategic sectors

Australian farmers could also benefit, with talks underway on expanding agricultural exports to India, including barley, as China throws up new trade barriers, media reports stated

Garment units at Tirupur get go-ahead, will resume operations on Wednesday

Industry to commence production at 25% capacity for next few weeks; liquity a greater issue than manpower availability

FM's Day 3 stimulus: Agriculture, allied activities get Rs 1.5-trn package

Opposition, experts say measures do nothing for farmers facing income loss

A 'Jai Kisan' stimulus: FM Sitharaman pushes long-sought agri reforms

The Centre will have to wait for Parliament's monsoon session or bring in Ordinances

Sitharaman brings farm sector reforms, to deregulate onion, potato prices

Stock limits will be imposed only under exceptional circumstances like national calamities and famine, said the FM