Both Xiaomi and Realme said they will restructure their product plans and portfolio this year with the change in buying habit.

Makers of iphone & Xiaomi phones get requisite permissions from state authorities in South

Xiaomi India head Manu Jain has said that there may be an anti-China sentiment among people at play, but expects things to normalise over time and doesn’t see any meaningful impact on its business, with smartphone demand expected to pick up only in the second half of 2020.

“Permissions have been received by the majority of the companies, though the workforce has been truncated to 20-30%. It is extremely difficult to reach any kind of optimisation and efficiency in this manner,” Pankaj Mohindroo, chairman of India Cellular & Electronics Association (ICEA), told ET.

Here are the charges, terms and conditions of availing the three-month equated monthly instalment (EMI) moratorium from Tata capital financial services. These are details as mentioned on Tata Capital's website for financial services.

If you have converted your debit card payments to EMIs to buy a phone, a consumer durable or converted your e-commerce purchases to EMIs, you can avail of the three-month moratorium. Here is a look at how this will work.

According to the bank, "The objective of this loan is to provide ease to tide over the liquidity mismatch to existing customers." The customer can approach their existing branches to avail this personal loan up to a maximum limit Rs 5 lakh

In respect of term loans, insurers are permitted to grant a moratorium of three months towards payment of instalments falling due between 1st March 2020 and 31st May 2020.

The 3-month EMI moratorium offered by the Reserve Bank of India (RBI) includes all term loans like home loans, personal loans, credit card dues etc.

Normally, one can defer payment by paying 'minimum due amount' and roll over the balance outstanding amount to the next month. In this process, the unpaid amount is carried forward to the next billing cycle and 2-4 percent interest is levied on it.

The interest rate on a COVID loan is lower than a personal loan and can vary from 8%-15% per annum. The loan term varies from 6 months to 5 years.

Rent payment is one of the biggest monthly expenditures, especially for youngsters living away from parental homes. In the case of credit cards, accrual of interest gets tricky.

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Lyft said rides on its service fell nearly 80% in late March and remained down 75% in mid-April. In May, passengers began to return cautiously to Lyft, but rides were still down 70%, Lyft executives said on a Wednesday earnings call with financial analysts.

Earlier this week, Uber said it was cutting 3,700 full-time workers, or about 14 per cent of its workforce, as people avoiding contagion either stay indoors or try to limit contact with others.

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Workers in red zones were also finding it difficult to travel to factories in orange and green zones. Milon Nag, managing director of Pune-based KK Nag Ltd said, “Our factories in rural areas are open. But our managers and all live in Pune and they are unable to reach factories.”

The plan, which has been in the works for months, is likely to be part of the stimulus package.

Yediyurappa announced a special relief package of Rs 1,610 crore to assist people from various affected sectors on Wednesday, which was welcomed by his political opponents.

It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China.

The economy has been severely impacted due to the COVID-19 pandemic but the government and policymakers are looking for segments that are in the best position to help revive the economic activity the quickest.

The minister said the position of MSMEs was "worst" as they were now engaged in a "battle for their survival".

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