As lockdowns have shut banks and money-transfer offices, marooned migrants couldn't send money home.
Bajaj Auto manufactures vehicles for exports at a facility in the district’s Waluj industrial area. At present, 1,700-1,800 employees work at the Waluj factory where the company is operating at half the capacity in two shifts. It restarted operations at the plant on April 23.
The hike of up to 8 per cent is for the fiscal year 2020-21 and applicable from July onwards, the sources said. An e-mail sent to the bank did not elicit any response. The sources said these employees are from M1 and grades below, who are frontline staff mostly in customer-facing roles. They ensure the functioning of branches and other operations of the bank.
Over the last three months, the Centre has actively encouraged companies to start manufacturing products that they had never produced before, or scale up production manifold. If the products were not made in India, the science and technology department encouraged its institutes of eminence to innovate and develop the knowhow.
There has been no significant adverse impact on the company's financial position for the financial year ended March 31, 2020, as both of its manufacturing plants located at Uttarpara (West Bengal) and Pithampur (Madhya Pradesh) were already under "suspension of work/layoff" prior to imposition of lockdown, it added.
In a statement, Yediyurappa said, "I am going to discharge my duties from home from today for the next few days in view of some of the staff in the office-cum-residence Krishna testing positive for coronavirus."
The global international agency said that the pandemic has caused a 22 per cent fall in international tourist arrivals during the first quarter of 2020.
The virus can cause neurological complications like headache, dizziness and confusion.
Consumption growth in rural India is outpacing the rate of expansion in cities and has already reached 85% of pre-Covid average sales underpinned by higher farm income, minimal retail disruption during the lockdown and migrant workers returning home. In comparison, urban market sales were relatively lower at 70% in May, according to Nielsen’s latest data. In the next nine months, the overall fast-moving consumer goods (FMCG) segment is expected to grow at around 5% but rural will expand at double the rate of urban, reversing the trend of the past two years when slowing demand in the hinterland dragged the entire market down.FMCG demand in rural India robust, consumption growth reaches 85% of pre-Covid average sales
The company is expected to undertake cash preservation measures such as reduced capital expenditure (capex) and limited dividend payout in FY21, which shall support liquidity. Additionally, to preserve liquidity, Vedanta has availed moratorium on its term debt obligation as per RBI guidelines after approval from respective banks.
Women bear the brunt of Covid outbreak at the workplace, more likely to be furloughed and lose jobs as compared to men
School closures during lockdown have exacerbated the situation because more women than men tend to care for children.
54% of parents state that their kids are spending upto 5 additional hours on an average online in front of a screen. The biggest concern a majority - 57% of parents have is that the kids may unknowingly access inappropriate information online and use studying as an excuse to access non-educational content.
Coronavirus lockdown took a massive toll on the wedding industry in Gujarat’s Vadodara. Marriage decorators are facing hardships to revive their businesses in market. They are suffering loss due to COVID-19 outbreak. There are 12,905 confirmed cases of coronavirus in Gujarat. According to the Ministry of Health and Family Welfare, the total number of COVID-19 active cases are 66,330 and 3583 deaths in India.Covid-19 impact: Lockdown takes toll on wedding industry in Vadodara
Since April 20, 2020, onshore operations have been restarted and are near normal at present.
While about 9 per cent of the company's natural gas output was impacted by inability of customers to take supplies due to the coronavirus lockdown, lower oil and gas prices had impacted its revenues, the company said.
The Galwan valley face-off with China is unlikely to affect India's COVID-19 fight as - medical experts say - all the essentials, from safety gears to testing products, are now being manufactured indigenously, reducing the dependence on Chinese imports to almost nil. They say from polyester swab sticks and viral transport medium (VTM) to testing kits and personal protective equipment (PPE) – India is now self-sufficient. ET's Nidhi Sharma has more details. Watch now. (Text: ET Bureau)Why China face-off unlikely to impact 'atmanirbhar' India's coronavirus fight
In the wake of the coronavirus pandemic, lockdowns to contain COVID-19 have sounded the death knell of global tourism. Fewer people are visiting other countries, and global revenue through tourism and hospitality has plummeted.
Taj Mahal is set to reopen from July 6 with guidelines. Monuments and public places were directed to remain shut to control COVID situation in country. Union Minister of Tourism and Culture, Prahlad Singh Patel announced that monuments across country can reopen from July 06 with social distancing norms. Move is expected to give boost to tourism in calibrated manner. Taj Mahal set to reopen from July 6 with guidelines
The findings are based on responses from 14,444 MSMEs. The survey, conducted in the second half of May 2020, focussed on the financial impact of the pandemic on MSMEs and their outlook towards the earnings.
As a fast rising power, China is growing more assertive and jostling with many countries.
Some marquee brands are looking at moving back to streets from malls because of Covid-19.
Nestle India continues to witness demand for most of its products and its focus in the immediate period is to make sure that its products are available to consumers. It has also resumed operations at all its eight plants and distribution centres/warehouses.
The anticipated applications and integration of robotic technology will require leaders of the future to carefully consider the balance between the roles of service robots and human employees in the guest experience, according to the paper published in the International Journal of Contemporary Hospitality Management.
Many employees are reluctant to travel by public transport due to the fear of community spread of Covid-19 and hence are in search of a suitable accommodation.
'The Elder Story: Ground Reality during Covid 19' was released on the occasion of the World Elder Abuse Awareness Day on Monday. It was conducted by HelpAge India, which surveyed 5,099 elders across 17 states and four Union territories.
The tourists will face stringent rules in hotels, restaurants and on beaches.
Our cost of production was one of the lowest due to low coal prices and input costs, says Satish Pai. Hindalco MD on improving margins and Covid impact on Q4 earnings
The Sharjah-based airline, which has about 2,000 employees, did not say how many employees had been affected. It laid off 57 employees in May. The latest job cuts were a "last alternative" after the airline took a series of steps in past months to protect jobs, the spokesman said, without elaborating.
The movie industry's biggest night is currently scheduled for February 28.
The Indian pharma industry has been a world leader in generics both globally and in domestic markets.
Based on assessments made by different analysts and industry body Ficci, here is an impact analysis in healthcare sector.
The impact of COVID-19 is different in different territories, based on its severances and category of zone such as Red, Orange or Green, Bank of India said in a disclosure to bourses.
The next few months for the insurance industry will be difficult in returning to the high speed market growth highways they are used to for long, and they have to find innovative solutions to stay profitable and resilient.
A fresh spell of Covid-19 cases, consequent loss of tourism revenue and incursions by the People’s Liberation Army of China across the Line of Actual Control on its eastern border have dampened spirits. Fear and frustration is in the air as residents closely track the news coming in from the flashpoints of Pangong Tso and Galwan Valley, about 200 km from Leh.
TCS is expected to see revenue drop by 6%, Infosys by 5% and Tech Mahindra by 9%.
After losing almost entire summer business, tourism hotspot Darjeeling in Bengal apprehends a loss of over Rs 350 crore during forthcoming festive season. Apprehending more alarming long term downfall in domestic and foreign tourists arrival, many hotels have already started closing down.
In our second BFSI special, we spoke to Jahid Ahmed, VP and Head- Digital, Content and Social Media Marketing at HDFC, to understand how digital as a channel helps a brand to respond quickly in a crisis. From building powerful ORM strategies to tips for marketing effectively in Covid, Jahid emphasized on the importance, and difficulty, in extracting positive consumer sentiment, a metric close to a marketer's heart.ET Catalyse Virtual 05: HDFC Bank's Jahid Ahmed on digital marketing and Covid communication
The prolonged lockdown along with rain and hailstorm in many regions has heightened rural distress, pushing anxious villagers to moneylenders — a situation which farm leaders say can trigger agitations and suicides unless farmers get quick relief.
Uttar Pradesh Chief Minister Yogi Adityanath Sunday said the state government does not intend to impose any new tax to deal with the economic impact of the coronavirus crisis. Replying to a specific question during a virtual press conference, Adityanath said, "We have started our economic activities, and it is moving on rapidly. As compared to the previous month, this month's revenue (collection) seems good." "There is no thought of imposing any separate tax, and our focus is to give more relaxation to the public. How to boost industrial activities while following social-distancing norms is our focus," he said. Watch now. (Text: PTI)No new tax in Uttar Pradesh to offset coronavirus' economic impact: Yogi Adityanath
In the wake of the coronavirus pandemic, the world is changing rapidly. From masks becoming a fashion accessory, to social distancing becoming the norm, our culture is being impacted in multiple subliminal ways. Our workplaces are not far behind.
When will travellers return? Decimated by Covid-19, travel and hospitality recovery will be a long stretch
The travel industry is bracing itself for the new changes that will have to be factored in post lockdown.
New Delhi, Apr 20(ANI): Reliance Foundation has scaled up its meal distribution programme under Mission Anna Seva to provide over 3 crore meals to marginalised and under-resourced communities across India. Under the programme, Reliance Foundation is providing cooked meals, ready-to-eat food packets and dry ration kits to families and bulk ration to community kitchens. The entire staff of Reliance Foundation is working together in the mission on a war footing to ensure that no Indian goes hungry during the lockdown period. RIL has contributed Rs 535 crore to various relief funds, including Rs 500 crore to the PM-CARES Fund. COVID-19 lockdown: Reliance to provide meals for 3 crore Indians
Bank credit is an important factor illustrative of the general economic climate because it denotes aspects like the investments which are happening in a country or consumption of high-value items. Crisil expects a 5 per cent contraction in India's GDP for 2020-21.
In terms of business impact of the lockdown, HUL said it has severely impacted the FMCG market and the loss of livelihoods has taken a substantial toll on consumer demand.
EY's current assessment of India's 2020-21 real gross value added (GVA) growth is 1.9 per cent provided that India sticks to its infrastructure funding plans.
Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, said the International Monetary Fund. In the World Economic Outlook (WEO) forecast report, the IMF said that India's economy is expected to contract on the back of a longer lockdown and a slower recovery than anticipated in April.Accordingly, the country's economy will contract in FY21 from an expansion of 4.2 per cent in FY20. In terms of calendar year 2020, the economy is expected to contract by (-)4 .9 per cent.Coronavirus impact: IMF predicts India's economy to contract by 4.5% in FY21
Today, the need of the hour is to prepare to resume operations, but in a responsible manner.
With the pandemic and the ensuing lockdown, demand for horticultural produce is likely to be impacted more than that of food grains. Food grains have the government's minimum support price (MSP) and procurement support, the report explained.
Inequality is not a tool that creates differential impact during pandemic. It is also the reason behind the outbreak itself.
Butschek said that the operating location of an executive doesn’t matter as much these days, with the company focused on executing the “transformation” roadmap set out four years ago to turn around the business.
More and more families hit by the Covid storm are seeking shelter under MGNREGA.
"We are conscious of the dealer business conditions in various parts of the country and we have been prioritising production at our end as per dealer requirements, both in terms of quantity as well as the grades that they require," TKM Senior Vice President, Sales & Service, Naveen Soni said.
Covid-19 hits the economy. Growth to slow. Check the sector-wise impact and the ratings by various agencies.Sector-wise impact of Covid-19 given by various ratings agencies
According to market research company YouGov's 'global COVID-19 public monitor', confidence in the recovery from the pandemic is high in countries like China, Vietnam and Taiwan, while it is the least in India, Mexico and the Philippines. Along with India, majorities in the Philippines (55 per cent) and Indonesia (53 per cent) also believe that things are still on the decline.
Ladakh, known as the cold desert, is a famous international tourist destination attracting large number of visitors especially interested in mountain expeditions and longer solitary stays. In 2019 also, there was dip in tourist arrivals in Ladakh due to Lok Sabha election, erratic flight services and late opening of Leh-Manali highway.
"Rural demand is little better than urban right now. In Maruti, the rural share has gone up to 40 per cent in June which is 1 per cent increase over the last fiscal," MSI Executive Director Marketing and Sales Shashank Srivastava told .
In terms of broad outcomes, IR has risen to the occasion and provided commendable service to the country’s people in these difficult times.
According to industry chamber CII, this is the one of the worst crises ever to hit the Indian tourism industry impacting all its geographical segments - inbound, outbound and domestic, almost all tourism verticals - leisure , adventure, heritage, MICE, cruise, corporate and niche segments.
New Delhi: Uttar Pradesh Chief Minister Yogi Adityanath's father, Anand Singh Bisht, died this morning. Mr Bisht who was admitted to the All India Institute of Medical Sciences (AIIMS) in Delhi last month due to kidney problems died at 10.44 am.UP CM Yogi Adityanath not to attend father's last rites amid COVID-19 lockdown challenges
It's a 'make-or-break' summer for tourist destinations around the world; survival looks bleak with shut hotels, few visitors
The annual influx of visitors is a concern for tourist spots around the world.
New Delhi, Apr 20 (ANI): Amid extended nationwide lockdown to curb the spread of COVID-19, many patients and their attendants are left stranded outside prestigious All India Institute of Medical Science (AIIMS) hospital in a night shelter due to lack of amenities. Patients those who were scheduled for appointment prior to implementation of lockdown are now nowhere to go as they don’t have access to transportation and basic amenities which force them to accommodate in a night shelter. For these people, life has come to a standstill and left with nowhere to go as they hope for relaxation from the lockdown to move ahead in life. Prime Minister Narendra Modi has extended nationwide lockdown till May 03. COVID-19 lockdown: Lack of basic amenities force patients to stay in night shelters in Delhi
As the world is undergoing the impact of Coronavirus, the IMF has revised its global GDP growth estimate. ET Wealth studies how India is placed in this scenario.
Kerala govt report estimates a loss of about Rs 80,000 crore in GVA to the Kerala economy in Q1 (Apr-Jun) of 2020. For March, the shortfall in GVA could have been roughly Rs 29,000 crore. The direct and indirect losses in gross state value addition (GSVA), based on an input-output model, is estimated to be 10% in 2019-20 and 20% in 2020-21.
New Delhi, Apr 12 (ANI): Massive crowd was seen at a vegetable market in Delhi on April 12 amid nationwide lockdown in the wake of coronavirus pandemic. Delhiites were seen violating norms of social distancing while purchasing vegetables. On April 11, District Magistrate North directed DCP North West and Secretary APMC took all necessary measures to ensure social distancing protocol is followed at Azadpur Mandi and took strict action against those violating norms. There are total 903 confirmed cases of coronavirus in Delhi including 14 deaths. According to the Ministry of Health and Family Welfare, the total number of COVID-19 active cases surpassed 7,000 in India with over 240 deaths.COVID-19 outbreak: Delhiites violate ‘social distancing’ norm at Azadpur Mandi
Thousands of organisations across a range of sectors including the performing arts and theatres, heritage, historic palaces, museums, galleries, live music and independent cinema will be able to access the funding boost put in place on Sunday night.
While the government is set to allow more flights, airlines have not been able to utilise the existing approvals. Data available with ET shows that airlines together operated 749 flights on Tuesday, much lower than the approved figure of 1,200 flights.
"Our findings suggest that COVID-19 has impacted the decision of 48.46 pc students who aspired to study abroad in the recent past. However, there is a larger proportion of non-STEM (Science, Technology, Engineering and Mathematics) students who have reconsidered their decision to pursue higher education outside India," it said.
TCS, Infosys and HCL will be hit by the reduced technology spending by clients in the US and Europe.
The Federation of Associations in Indian Tourism & Hospitality (FAITH) also said there should be a support fund for twelve months to support basic salaries with "direct transfer" to the affected tourism employees. "As a result of this pandemic, Indian tourism industry is looking at pan India bankruptcies, closure of businesses and mass unemployment," FAITH said in a letter to PM Modi.
While the plunge in occupancy could be 30-40% for mid-scale and two-star hotels, the same for four-star hotels and above categories could be 20-25% for the next three months beginning March -- which is peak season due to summer holidays and weddings, the report said, citing the increasing number of cities going under full or partial lockdowns.
Confirmed coronavirus cases in India shot well past the 15,000 mark today, Health Ministry data updated at 8 am showed.The number of cases in the country stands at 15,712 at the moment. Casualties number 507 till now, while 2,231 have been listed as cured/discharged/migrated.As of 9 pm yesterday, a total of 3,72,123 samples from 3,54,969 individuals had been tested for the virus, according to latest data at Indian Council of Medical Research (ICMR) website.India now has over 15,000 confirmed Covid-19 cases
India has become the key foreign market for Zyfra with more than 500 CNC machines connected to its MDCplus real-time machine monitoring and manufacturing data collection system in 2019.
Being one of the most unequal countries in the world, India remains in a particularly precarious position.
The phases of lockdown announced by the government witnessed a revenue shortfall of more than 60 per cent for the sector, creating an unprecedented crisis to the industry.
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.Covid-19 impact: Boeing slashes 12,000 jobs as virus seizes travel industry
"What is encouraging is that our business travel teams have already received bookings and are getting a steady flow of enquiries for work related travel from our corporates, seeking to travel over the next few weeks," Thomas Cook (India) Chairman and MD Madhavan Menon said in a statement.
COVID-19 led to supply chain disruptions and production halt in the latter half of March 2020.
The government on Friday extended the suspension of scheduled international flights till July 30. It, however, said that some international scheduled routes may be permitted on a case-to-case basis.
Gold-plated bath tubs, basins and toilets: This Vietnam hotel wants to lure guests with its shine as the world reopens after lockdown
Hotel facilities also include a 24 karat gold-tiled infinity pool on the rooftop.
New Delhi, Apr 16 (ANI): Bollywood actor Salman Khan is deeply disturbed after reading about the growing violence against doctors and police personnel in various cities. Salman Khan said, “Doctors and nurses came to save you and you pelted stones on them, COVID-19 patients are running from hospital to nowhere, all these will not anyone.” “Because of some people all the citizens are suffering,” the actor further added and urged people to support the doctors and police personnel during this humanitarian crisisCOVID-19: Actor Salman Khan condemns attacks on doctors, police personnel
Covid-19 crisis: MoHFW issues a 17-point guideline to all central govt employees. Details by TIMES NOW's Mohit Sharma.Covid-19 crisis: MoHFW issues guideline to all central govt employees
Government officials announced late Monday the extension of the lockdown, that has prevented people from leaving their area in Abu Dhabi.
Placement firm TeamLease Services has received 22,367 resumes in May from hospitality sectors alone, up a staggering 444 per cent from 4,109 in the previous month. Professionals who are proactively looking out have either been handed out pink slips or are facing job threats as their companies take the restructuring route, said executives aware of the matter.
Emkay Global says the fall in crude prices and moderating agri-input prices should drive margin gains for most staples.
Airborne transmission could be the dominant route for spread of COVID-19.
Greece lifted lockdown measures Monday for hotels, campsites, open-air cinemas, golf courses and public swimming pools, while beaches and museums reopened in Turkey and bars, restaurants, cinemas and museums came back to life in the Netherlands.
While Bata India has stalled plans to open any new store in the next 3-6 months, the footwear maker has invested in expanding its product portfolio to stay relevant. The company recently launched new verticals such as Work-From-Home range with slip-ons and sandals, a collection of washable footwear, and anti-viral masks for adults and children.
New Delhi, Apr 06 (ANI): Jain temples are closed on the occasion of ‘Mahavir Jayanti’ in national capital on April 06. Shri Digambar Jain Ratnatraya Jain Mandir in Delhi’s Dwarka is closed due to coronavirus lockdown.Covid-19: Jain temples closed on occasion of ‘Mahavir Jayanti’ amid nationwide lockdown
Mumbai: At least 20 sailors of the Indian Navy at INS Angre have tested positive for Covid-19 in Mumbai on Saturday. The INS Angre is a shore based logistics and shore-based support establishment of the Western Naval Command.COVID-19 crisis: Over 20 Navy sailors in Mumbai test positive for coronavirus
Detailing the government's plan to contain local outbreak of coronavirus, Lav Agarwal, Joint Secretary, MoHFW, underlined that the affected areas have been divided into two zones- Containment zone and Buffer Zone. The containment zone has been divided into sectors with 50 houses each (30 houses in difficult areas) emphasised Agarwal. The cluster-containment strategy has yielded positive results, said the officialCOVID-19: Government identifies 170 hotspot districts
United Nations reaches out to India as COVID lockdown prompts other fears.India assures the UN on all vaccines.TIMES NOW's Srinjoy Chowdhury with details.UN reaches out to India for global vaccine supplies as COVID lockdown prompts fears
Congress leader Priyanka Gandhi Vadra said it is imperative for India to immediately ramp up its rate of testing for coronavirus and that the government must act now for the lockdown to yield results. The Congress general secretary asserted that extremely valuable information about the severity of the disease, disease clusters and focal points is gained from testing."It is imperative that India immediately ramps up its rate of testing. Extremely valuable information about the severity of the disease, disease clusters and focal points is gained from testing," she said in a tweet.Covid-19: Priyanka Gandhi calls for large scale testing
"According to research carried out for the new report, as of April 6, 96% of all worldwide destinations have introduced travel restrictions in response to the pandemic. Around 90 destinations have completely or partially closed their borders to tourists, while a further 44 are closed to certain tourists depending on country of origin," UNWTO said.
Since early February, malls and retail stores witnessed a huge dip in footfall with nearly 20-25% drop in revenue. While post lockdown, most companies will have to tweak their layout, seating arrangements among other things, business model of cinemas will take time to change.
Six persons including Anand Paranjpe, Thane city NCP president tested positive for Covid-19 on Tuesday, It is suspected that Paranjpe may have been infected during one of two recent visits to state housing minister Jitendra Awhad’s residence.TIMES NOW's Aruneel with detailsMaharashtra: NCP leader Anand Paranjpe tests positive for Covid-19
An increasing number of Indian firms are staring at write-downs in their business this fiscal.
Noida: Two recovered COVID-19 patients relapse and have been admitted to the hospitalCOVID-19 crisis: Two recovered patients get relapse bout, admitted to Noida hospital
More than 130 million so-called economic impact payments were sent to taxpayers as part of the USD 2.4 trillion coronavirus relief package enacted in March.
Chinese Govt restricts publications on the origin of COVID-19.Details by TIMES NOW's Athar Khan.Chinese Govt restricts publications on the origin of COVID-19
Sixteen fresh COVID-19 positive cases have been reported in Noida.Details by TIMES NOW's Siddhant.Noida: Sixteen fresh Covid-19 positive cases have been reported