Page 2002 - Coronavirus

Shale holdings of RIL, GAIL come under pressure amid oil price crash

Though WTI recovered, investment in alternative fuels like shale has become unviable.

Wall Street tumbles as US crude extends fall adding to pandemic woes

With the collapse spilling into June futures contracts, investors turned fearful about the extent of the economic damage from sweeping lockdown measures

Covid-19 impact may drive firms to think 'workforce optimisation': Survey

57 per cent of organisations in India expect a "moderate-to-large" negative impact on their business in the next six months, says Wills Towers Watson survey

ACC reports drop of nearly 7% in Q1 consolidated net profit at Rs 323 cr

The company, which follows January-December financial year, had posted a profit of Rs 346.02 crore in the same quarter a year ago, ACC said in a BSE filing

IOC, BPCL restart project-work after relaxation of Covid-19 lockdown norms

IOC said it has resumed work on 64 select projects with a combined allocation of about Rs 21,375 crore

Order inflow to improve for manufacturers of specialty chemicals

Galaxy Surfactants, SRF, Aarti Industries among companies to benefit given supply of essential ingredients, alternative supply chain to China and weak crude oil prices

Investor wealth falls Rs 3.30 trn as markets tank on negative oil sentiment

Investor wealth on Tuesday fell by Rs 3,30,408.87 crore after equity markets came under heavy selling pressure following sell-off in global stocks as rout in crude oil hit investor sentiment. The Sensex tumbled 1,011.29 points, or 3.20 per cent, to close at 30,636.71. Led by the sharp fall in the index, the market capitalisation of the BSE-listed companies dropped Rs 3,30,408.87 crore to Rs 1,20,42,172.38 crore. "After the US crude oil crash, Indian markets, in sync with global markets traded negatively, as the extent of the impact of lockdowns and the global slowdown is becoming evident. Corporate earnings have also been impacted by the pandemic related shutdowns. Post-earnings management guidance has also not given clear indication about the recovery path," Vinod Nair, head of research at Geojit Financial Services, said. IndusInd Bank was the worst hit in the Sensex pack, dropping over 12 per cent, followed by Bajaj Finance, ICICI Bank, Axis Bank, Tata Steel, M&M, ONGC and ...

Voda Idea pays Rs 1,367 cr to govt towards licence, spectrum charges

Officials said that the telecom department has received the payment made by Vodafone Idea, and added that other operators had made their payments earlier

IndiGo seeks deferment of aircraft lease rental payments by 6 mnths: Report

Airlines are grappling with acute financial woes as commercial services remain suspended in the wake of the nationwide lockdown to curb spreading of coronavirus

This gold-medallist swimmer's enterprise flies drones to kill Coronavirus

Garuda Aerospace, whose drones have been spraying disinfectants in Chennai Corporation areas and govt hospitals, has also won orders from Varanasi for sanitising several parts of the city

Imran Khan to take coronavirus test after meeting man who tested positive

The prime minister's personal physician and CEO of Shaukat Khanum Memorial Cancer Hospital, Faisal Sultan, told media that would meet Khan

Home delivery of newspapers banned in Maharashtra: HC asks to explain logic

Justice P B Varale on Monday took a suo-moto (on his own) cognizance of the issue, seeking the government's reply by April 27

Covid-19 to take a toll on bonuses of domestic mutual fund employees

Some asset managers may skip the payouts altogether as they take cognisance of the impact the Covid-19 pandemic may have on future earnings

ICMR asks states not to use coronavirus rapid test kits for 2 days

ICMR says companies will be asked to give replacements if its on-field validations upholds complaints.

IBM gets 'The Weather Company' going to empower farmers during lockdown

Firm's 'operations dashboard' works as a meteorologist-in-a-box to provide weather data insights

'Adventure tourism': TMC on central teams' visit to WB to assess Covid-19

West Bengal Chief Minister had shot off a letter to the Prime Minister on Monday, underscoring the "unilateral" and "undesirable" action, keeping her government in the dark

UP to accelerate research into plasma therapy to treat Covid-19 patients

Two medical facilities in UP are already working on plasma therapy

10 ways to plan your finances right during the coronavirus crisis

Here's how to protect your finances during these difficult times and work on your short- and long-term financial goals efficiently

Top headlines: US to suspend immigration, HC's relief for Deloitte, KPMG

From US President Donald Trump's announcement on suspending immigration to Bombay HC decision to quash criminal charges against ex-IFIN auditor Deloitte & KPMG, here are top stories of the day

Uncertainity around Q2 performance of businesses: Harsh Pati Singhania

The return to normalcy will also depend largely on how quickly the consumers also recover from the overall impact of the coronavirus outbreak and the lockdown, he said