Page 2023 - Coronavirus

Covid-19: ED books Tablighi Jamaat leader in money laundering case

The move comes after Delhi police had booked case against him for violating Covid-19 induced lockdown orders, after some of the attendees of the religious congregation died due to the pandemic

Don't exhaust ammunition, hold some for backlash, Rahul Gandhi advises govt

Calls for categorising areas into 'hot zones' and 'safe zones', and ramping up random testing to remain ahead of the virus instead of chasing it

Covid-19 outbreak: Pain may not be limited to lockdown, say retailers

Change in consumer behaviour and higher fixed costs are major concerns, leading analysts to cut FY21 earnings estimate by 15-40 per cent

Covid-19: India receives 500,000 antibody testing kits from China

Government has received two types of kits from Guangzhou Wondfo and Zhuhai Livzon to see antibodies in Covid patients

Auto firms say won't make cars till there is clarity on retail sales

Hyundai, Renault extend suspension of production; Maruti, Tata yet to take a call

Lockdown 2.0: E-tailers can sell non-essentials on state nod from April 20

The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.

Coronavirus takes away the sheen from Hindalco's Aleris acquisition

While two units are to be divested, outlook for high-end aerospace business is soft

Goldman Sachs downgrades India from 'overweight' to 'marketweight'

The US-based investment firm has also lowered the Nifty target to 9,600 for June 2021, expecting substantial downward revisions to corporate earning

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

Covid-19 impact: GDP growth may plunge to 1.1% in FY21, says SBI report

According to the SBI Ecowrap report, the extension of the lockdown would result in economic loss of Rs 21.1 trillion or 6 per cent of the nominal Gross Value Added (GVA).

Covid-19 pandemic may eat into bonuses of domestic investment bankers

Increments, on the other hand, are likely be shelved altogether considering the bleak outlook for fundraising in FY21

Covid-19 crisis: Real estate sentiment hits all-time low in March quarter

The survey found that the current and future sentiment score has nosedived to the lowest levels in Q1 2020 in the wake of the ongoing Covid-19 outbreak.

Covid-19 impact: Bond and currency markets to close at 2 pm till April 30

Such curtailed hours, in which bond and currency markets operated between 10 am and 2 pm, from 9 am to 5 pm in normal times, were in force till April 17

E-pharmacies ramp up hiring as orders grow two-fold amid Covid-19 lockdown

Gurugram-based 1mg, for example, is looking to immediately hire 500 people and another 1,000 over the next 2-3 months

Covid-19 to hit life insurers for now, but may boost long term gains

Covid-19 is expected to result in improved awareness and importance of life insurance as a risk cover rather than a mere investment product

Govt likely to face shortfall of Rs 10 trn due to coronavirus: Subhash Garg

Elaborating on the fiscal situation, the former finance secretary said that indirect taxes, GST, excise duty on petroleum products and customs will under-perform

Insurance firms looks to bridge online trust deficit amid Covid--19 crisis

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

UP to Kerala: States try to bring businesses back to life in lockdown

With the guidelines to be made effective from April 20, states are looking at ways to implement them while keeping an eye on the situation at the ground level

Coronavirus impact: TCS not to retrench employees, freezes salary hikes

The company reported a healthy profit jump for the March quarter, but hinted at very difficult time in the first two quarters of the current fiscal due to COVID-19 crisis, including a revenue contract

No Cabinet in place, MP's BJP govt forms task force to tackle Covid-19

The first meeting of the task force was convened via a video conference