Page 2074 - Coronavirus

Force majeure does not extend expiry dates in letters of credit: Expert

A bank will not, upon resumption of its business, honour or negotiate under a credit that expired during such interruption of its business

Coronavirus impact: Retail investors see Rs 3 trillion hit on investments

Experts say such investors build large positions when markets are at historical peaks

Coronavirus: SBI pegs FY21 growth at 2.6%, say govt must monetize deficit

The nation is on three-week lockdown ending April 14, which many now feel will have to be extended as more and more coronavirus infections getting reported from across the country

PM Modi addresses party workers virtually on BJP's 40th foundation day

While Prime Minister Narendra Modi addressed party workers through video-conference, others like BJP chief J P Nadda unfurled the party flag at their residence

Letter to BS: The need of hour is scientific information, not 'infodemic'

What needs to be understood here is the virus cannot be fought by unscientific and irrational methods like lighting lamps

Letter to BS: Govt, citizens must be on full alert once lockdown is lifted

A country like India with limited health care infrastructure has no option but to enforce these measures effectively

Letter to BS: Lockdown should be lifted carefully and meticulously

Any wrong step will totally wipe out all the reliefs being provided

Subscribers wait for EPF withdrawal as Covid-19 lockdown hits operations

The Union labour ministry on March 28 amended the EPF scheme to allow members to withdraw non-refundable advances

Consumer companies assess impact of nationwide lockdown on businesses

Makers of hygiene and essential items may not feel the pinch but discretionary categories have a long road to recovery

Mall owners, retailers fail to agree over contentious issues amid lockdown

Developers, such as DLF and Phoenix Mills, say the force majeure clause, which retailers have indicated they would apply, in case there was a complete breakdown in talks

Saving agri sector from Covid-19

The steps taken by the government to contain the spread of the virus and mitigate the damage from the lockdown have come at the right time

Recovery for brands look difficult as anxious consumers maintain distance

India among the top 3 nervous nations in the world; consumers expect long-term spending to be hit, want brands to spread optimism and cheer: Kantar

Telangana CM urges PM Modi to extend lockdown for at least two more weeks

"It is not possible to implement partial restrictions on movement of people based on sectors or their activity in the country. It will be like opening the flood-gates," Rao said

Coronavirus pulls services PMI into contraction as overseas demand falls

Falls to 49.3 in March from February's 7-yr high of 57.5 as companies cut workforce

Petrol sales shrink 17.6%, diesel 26% in March as lockdown wipes demand

Also, aviation turbine fuel (ATF) sales fell by 31.6 per cent as flights got suspended alongside the shutting of businesses and most vehicular traffic going off-road

Covid-19 impact: Farmers panic as onion slips to season's lowest of Rs 3/kg

Rush to sell even below cost of production amid fear of spoilage as Lasalgaon mandi is closed

Mukesh Ambani hails RIL staff, reiterates role in fight against COVID-19

"I firmly believe that each one of our colleagues across our businesses deserves to be honoured as 'Frontline Warriors'," Ambani said.

Exhausting product tankage not a cause of concern yet, say oil executives

Most do not expect refinery shutdowns even if lockdown extends

India's first coronavirus hospital in Bhubaneswar starts with 14 patients

683 staff members, including doctors and paramedics will be working round the clock in shifts; hospital has 500 beds including 42 critical beds

Hiring of IT freshers by firms may be delayed amid coronavirus outbreak

Since most IT firms anticipate a demand slowdown in the coming quarters, hiring from tier-III and IV engineering colleges through walk-in interviews is going take a massive hit in 2020