Page 42 - India Inc

Only negligent employers to be charged for Covid-19 cases, clarifies govt

Home ministry clarified that penal measures will not be across the board after India Inc raised concerns

Need to open industry across zones amid Covid-19 lockdown: CII to govt

The Home Ministry order classifies areas of large outbreak, or clusters with a significant spread of the virus, as 'hotspots' or red zones.

Covid-19 outbreak: Govt eases AGM deadline for certain section of companies

Under the Companies Act, 2013, companies have to hold their Annual General Meetings (AGMs) within nine months from the end of their financial year.

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

70% firms expect degrowth amid coronavirus outbreak, says survey

The survey, which covered 380 firms across sectors, portrayed that most of the respondents want tax relief, demand creation and ease of compliance from the government.

Top headlines: Oil plunges below zero, Sebi heat on Chinese investors, more

Here are the top 10 headlines for Tuesday

Business optimism for April-June quarter falls to record low: Report

The Dun & Bradstreet Composite Business Optimism Index stood at 49.40 per cent for Q2 2020 (April-June), a record low and worse than during the 2009 financial crisis.

Coronavirus outbreak: India Inc asks RBI for one-time loan recast

Analysts have already predicted that due to the lockdown, India's economic loss will be close to $ 234.4 billion or 8.1% of GDP

Covid-19 lockdown: India Inc to begin work under curbs, some wait

This comes even as supply chain constraints and labour shortage remain

Covid-19 impact: India Inc confidence index lowest since 2008 crisis

The index fell to 42.9 in the quarter, against 59 in the previous quarter

India blocks automatic FDI route for neighbours to curb hostile takeovers

Until now, Chinese investments were automatically allowed, similar to those from other nations, in all but 16 sectors, such as telecom, defence, and national security.

Covid-19: Harsh Singhania says only a stimulus package can revive economy

"Even if we start producing, where is the transport, supply chain and customers? If shops are not open, then it makes no sense to keep producing and stocking in the factory sites," said Singhania.

Coronavirus outbreak: Why cities may not remain the same after lockdown

Tens of thousands of workers who returned to villages are now similarly weighing whether to return at the end of the lockdown, which Modi this week extended to May 3.

India Inc grapples with rising rating downgrades, revisions in outlook

Domestic rating agency CARE revised outlook on rating for Tata group-owned Indian Hotels Company Ltd from "stable" to 'negative'

Lenders want more time to finalise working capital needs of large firms

A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders.

Top biz headlines: Govt's 2nd stimulus package, economic growth, and more

Business Standard brings to you the top headlines of the day

Covid-19: India Inc seeks easing of lockdown norms for production

Corporate houses want the governments to divide districts into smaller zones to identify low-risk areas where factories can start work, peg production capacity to the risk of Covid-19 in a zone

Corporate India braces for $26-bn a week loss amid coronavirus outbreak

Nation may lose close to over $5 bn due to lockdown, says Ficci

Covid-19 crisis: PM, FM to finalise details of second stimulus package soon

The stimulus package is expected anytime this week and will again be aimed at the urban and rural poor; disadvantaged sections of society; MSME sector; and some of the worst-affected sectors

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.