Page 1913 - Coronavirus

Kotak Bank profit before tax slips 10.6% at Rs 2,674 cr for March 2020 qtr

Profit down due to Covid provisioning and lower other income

Restarting the economy

The first tranche of the stimulus package focuses on liquidity

The art of winning trade deals post the pandemic

India can gain global trade share after the pandemic, but only if it acts quickly

Brands, sponsors play the game of uncertainty as Covid-19 halts all sports

Can teams, athletes and broadcasters come together to keep the show going as the pandemic grinds all sports to an indefinite halt?

Letter to BS: It may be prudent to wait before setting up the bad bank

At this stage we don't really know the real extent of stressed assets created by this scourge

Lot will depend on how India exits from lockdown, says Kaushik Basu

The basic issues at present are the concerns about the food chain, jobs and migrant workers, which have to be resolved immediately, Basu said

Letter to BS: Rs 2-trn package should be taken as first of many such steps

The government will have to exhibit strong political will in carrying out bold labour reforms coupled with supportive tax regime in order to lure companies to set up a manufacturing base in India

Letter to BS: What was the need to freeze DA hike of staff, pensioners?

PM Modi seems to have sprung the biggest surprise by announcing a Rs 20-trillion stimulus package

Sitharaman gives liquidity boost of Rs 75,000 cr to shadow banks, MFIs

Sitharaman announced a special liquidity scheme of Rs 30,000 crore for NBFCs, housing finance companies (HFCs) and MFIs, which are finding it difficult to raise money from the debt markets.

India's window of opportunity for attracting companies is closing

The window of opportunity for attracting companies looking to divert investments from the Asian manufacturing giant is closing

Going vocal about local

The Aarogya Setu app is undoubtedly the biggest local produce during the corona crisis, but it may not be celebration time yet

Sovereign Indian bonds reverse losses on talk of help from RBI

Yields on 10-year bonds slid as much as eight basis points to to 6.08 per cent after surging by as much as 12 basis points earlier.

Maharashtra to fast track industrial approvals to 24 hrs from 6 months

Many companies are backing out from China (after coronavirus outbreak) and we are closely watching the developments, industries minister said

UN lowers India growth rate projection to 1.2% in 2020, to recover in 2021

India's economic growth is forecast to slow to 1.2 per cent in 2020, a further deterioration from the already slowed growth of 4.1 per cent in 2019

Railways to introduce waiting lists for special trains from May 22

The railways has capped the waiting list on these trains -- up to 100 for AC 3 tier, 50 for AC 2 tier, 200 for Sleeper Class, 100 for chair cars, and 20 each for First AC and Executive Class

Covid-19 impact: Firms try to save jobs and their future through pay cuts

Several slash pays by up to 40% for May

India Inc cheers stimulus package, says will provide relief to businesses

Industry bodies said the measures will infuse liquidity in the market and inject a fresh lease of life in distressed micro, small and medium enterprises

Airtel Africa reports fall of 21% in net profit at $65 mn for March qtr

The African arm of Bharti Airtel reported 15% on-year rise in revenue and 1.81 % sequentially to $899 million, driven by strong contributions from the voice, data and mobile money verticals

Antibiotic sales drive domestic pharma mkt down 11.2% in lockdown-hit April

Sale of anti-infectives (11% of domestic pharma market) fell by 21.5%, while gynaecological and dermatological drugs fell by about 23%

Punjab govt to allow home delivery of liquor, impose Covid cess on sale

CM Amarinder Singh sets up three-member panel of senior officers to assess losses from closure of liquor vends because of lockdown