Page 1945 - Coronavirus

Surat diamond exports resume but a $2 billion inventory headache remains

So far, initial exports are estimated to be of the tune of Rs 600 crore which is minuscule compared to the polished diamond inventory

Ind-AS increases provisioning pain for NBFCs amid Covid-19 pandemic

Covid-19 has led to lot of uncertainties including those pertaining to the income level of borrowers and hence, their loan repayment ability, savings habit, cash flow position of corporates

Covid-19 crisis: SBI's 10% term loan customers opt for moratorium on EMIs

Senior SBI executives said most of those seeking deferment are retail and micro and small enterprises and are hard-pressed for resources when earning and cash flows have almost dried up.

Manufacturing PMI in April slumps to record low of 27.4 amid lockdown

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) had already been on a downward curve registering 51.8 in March, much below January's eight-year high of 55.3

Jewellery exporters seek permission to start diamond bourse, SEZ in Mumbai

The industry would like to commence operations at the earliest to avoid cancellation of pending orders

Lockdown easing: Surat textile units in fix as Guj govt runs contra to MHA

Industet, which produces 45% of man-made fibre in the country, seeks clarity from state govt, wants some relaxation in order to stay afloat

As banker it is my first job to be safe: IDFC First Bank CEO V Vaidyanathan

From now on, the system should open up systematically as people's financial cushions could vanish soon, he says

Claiming advance EPF is easy, but withdraw it only if you are in dire need

There is no income-tax on the advance, but withdraw only in dire need

Lockdown 3.0: Political slugfest breaks out on migrant workers' rescue

Sonia Gandhi's move forces central government to bear 85% of cost of migrant travel, states to bear 15%

Higher dependence on hair oil segment puts Marico on slippery slope

Saffola volume surges by a fourth, but 8-11% volume fall in hair oil pulls down top line by 7%

ICICI Lombard Q4 results: There's no insurance cover against slowdown

Premium income (excluding crop biz) lagged industry growth in Q4

Lockdown 3.0, global tension rattle markets; Sensex, Nifty crash nearly 6%

The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.

Covid-19 makes investment mavens miss annual rite as Buffett goes online

Warren Buffett's annual event was held online this year because of the Covid-19 pandemic. Many tuned in to watch and listen, though some wished they could have been there.

Shutters up: From Radico to United Breweries, liquor stocks in high spirits

Analysts say alcohol sales could be an early beneficiary of overall recovery

Delhi govt imposes 70% 'special corona fee' on liquor to boost revenue

The move will boost the government revenue, which has been hit hard due to the coronavirus-forced lockdown

Coronavirus claims have not moved up significantly: Bajaj Allianz's CEO

Tapan Singhel, managing director (MD) and chief executive officer (CEO), Bajaj Allianz General Insurance, in an interview with Subrata Panda, speaks about the company's business during the lockdown.

The pandemic pivot to low-touch business

There are sectors that are looking beyond the pandemic to pivot from being a high-touch business to a low-touch one

Covid-19 impact: Motor, health segments see decline in March premiums

The motor and health segments led the decline in premiums for the industry as the month saw premium fall by 9 per cent.

A better world after Covid?

It is time to shrug off the ideological shackles about the way we work, play and live

Letter to BS: States should be given some flexibility to relax lockdown

The states do not have leeway or a final say in drawings boundaries of the areas that have to be opened up