The industry is at the cusp of a transformation, according to an EY report that came out in the early weeks of the Covid-19 onslaught

With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto

Costs unlikely to fall; does not bode well for earnings

For the week ahead, the price of cotton seed oil cake could head towards Rs 1,990 per quintal

Oil traded at a negative price on a one-month West Texas Intermediate futures contract, but it didn't for successive months' futures contracts

Lenders say the larger challenge is to communicate to borrowers the difference between moratorium and waiver

PMI's services did contract, with trade, hospitality coming to a grinding halt, though the pace of fall in the index was not as steep as that of the core sector

According to the term sheet, an over 133 million shares - 5.7 per cent of the total equity shares - are being offered in the range of Rs 1,850-1,950 to investors through a special block window.

The earnings were better than what most of the analysts had expected. Kotak Securities, for instance, estimated the private lender to log net loss at Rs 4,404.4 crore in the quarter under review

Organic volumes for the company got severely impacted in the last 10 days of March due to the spread of Covid-19 and the subsequent lockdown restrictions, the company said.

Analysts believe the bank will be unable to maintain high AUM growth and will likely see a sharp rise in credit cost & deterioration in incremental deposit mix, amid the current lockdown

Asian Paints, Berger Paints India, Kansai Nerolac Paints and Akzo Nobel India slipped in the range of 2 per cent and 5 per cent on the BSE.

Unacademy says its internal investigation had found e-mail data of around 11 million users was compromised.

The first day impact has been more on the pharma especially in the wake of 26 workers at Cadila Pharmaceuticals Ltd.'s facility in Ahmedabad testing positive for COVID-19

HCL has provided 7,000 PPE kits complying to the SITRA and HLL specifications, 20,000 three-ply masks, 55 liters of sanitizer and two hands-free wash basins to the district administration.

Beauty products segment witnesses 0.8% decline in March, says Nielsen

GSK leads the charge with staggered return-to-work, others plans yoga sessions and health care webinars for salesperson's family

The banks together claimed over Rs 230 crore from the company, along with interest and other charges

The number of Covid-19 patients in Dharavi, Mumbai's biggest slum sprawl, reached 808 on Friday as 25 more persons tested positive for the infection, a senior official of the Brihanmumbai Municipal Corporation (BMC) said. The death toll in the area also rose to 26, he said.

An anaesthetist in the city said he had to postpone two surgeries on Friday as he couldn’t prescribe Covid-19 tests after the BMC order late on Thursday barring tests except when approved by the civic health officer. “Testing on a private doctor’s prescription is currently not permitted,” said a message from one of the private labs to a doctor. “If physicians, surgeons cannot advise a test, what is the point of coercing us to open clinics and hospitals?” said a Goregaon-based doctor.

CM Uddhav Thackeray on Friday shunted out BMC commissioner Praveen Pardeshi (in pic) for ‘inept’ handling of the Covid-19 crisis, replacing him with IAS officer Iqbal Singh Chahal (56) who has been secretary with the state urban development department.

In a shocking incident, a 27-year-old youth man residing in south Mumbai attacked three policemen with a chopper near Marine Drive early on Saturday morning.

In a bid to tackle the spread of coronavirus in a more effective manner, the Brihanmumbai Municipal Corporation has put additional commissioners in charge of seven zones in the city. As per the order, seven additional commissioners will work towards improving the double rate of positive cases from 10 days to 20 days by May 17.

A major fire broke out at Adharwadi dumping ground in Kalyan (West), engulfing the entire area into thick smoke. Four fire tenders of Kalyan-Dombivli Municipal Corporation are trying to control the fire.

Some lockdown images and words get seared to your consciousness. That of a migrant woman carrying a big bag on her head, a child on her right hip, walking from Mumbai to Karnataka to go home under a scorching May sun. A smiling migrant worker saying philosophically that they are trying to cover long distances on foot 'Ram-bharose' (at the mercy of God).

(This story originally appeared in MumbaiMirror on May 9, 2020)

Amid prevalent chaos and uncertainty over access to the essential services and commodities during the lockdown, we bring you the latest updates from your city.

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