“Some clients are looking at consolidation. In this crisis, they have had mixed experience of work-from-home from different players. So, they feel, if this lasts 12-18 months, they would want to put their bets on larger players who have done well in transitioning to this new way of working,” Infosys Chief Operating Officer UB Pravin Rao told.

PeopleLink is the first, Indian Video Conference Company to disrupt the market by its approach of offering Secure, custom video applications for each Industr...

Manufacturers of appliances and consumer electronics are seeking lower taxes on eco-friendly and energy-efficient products, more incentives for domestic manufacturing and waiving of customs duty on inputs imported to make the components in the upcoming Union Budget.

The Budget doubled basic custom duty from 10% to 20% on whole lot of imported products such as food grinder, juicer, shaver, epilator, geyser, room heater, hair dryer, electric iron, oven, coffee and tea maker, toaster and ceiling fan. The custom duty on wall fan has been hiked from 7.5% to 20%.

The Japanese appliances giant plans to launch smart door bells, plugs and switches. This will be followed by side-by-side refrigerators, front-loading washing machines, fans, geysers amongst others covering the entire product portfolio in phases.

Appliances and consumer electronics makers are using social media platforms and other online tools to reach their customers, who are facing problems with products amid the lockdown.

​​Individually, each brand is seeking more clarity and approval on the guidelines. The guidelines say that we would have to open in a phased manner. All brands are gearing up to open up, wherever, it will be permitted," CEAMA President Kamal Nandi said.

Companies like Panasonic India, Godrej Appliances, Dixon Technologies and Super Plastronics Pvt Ltd said with retail outlets shut there is no point to start production as there is existing unsold inventory of March at warehouses and dealers.

The association also demanded six to nine months' moratorium on all principal and interest payments on loans and overdrafts, besides deferment of GST and advance tax payments. They also asked the minister for removal of fees for any upcoming licenses, permits renewal, excise exemption for liquor for the hospitality and travel industry across the country.

"We are closely working with all our airline and hotel partners on lenient customer policies for date change, cancellations and waivers in the face of evolving travel trends and are seamlessly passing the waiver benefits to our customers, as applicable," MakeMyTrip said in the letter.

India's biggest OTA MakeMyTrip has issued alerts to its customers stating there are attempts being made by fraudsters to seek bank account details and other personal information from customers who are seeking refunds for booking cancellations.

IATO said it seeks a financial bailout package to defray the salaries of the employees and operational cost of offices based on the turnover of the company in last financial year. IATO also that said it also seeks a 9 to 12 months deferment (without any interest) on all principle and interest payments on bank loans.

According to senior member Rajiv Mehra, no international flights are operating till May 1, so international ticket booking would not have happened during the first phase of the lockdown. "When there is no booking, the question of refund does not arise. As regards the domestic sector, everything is in lockdown, so virtually no bookings have taken place, so no refund would be required," he said.

Mahindra Holidays & Resorts India Ltd (MHRIL) on Sunday said it plans to first reopen resorts that are at drivable distance from the metro cities once the coronavirus lockdown is lifted.

Nevermind the short-term hype. Banks believe they will be the last men standing in the payment wars.

It is that moment of impulse, where satiation of a craving overtakes all rationale and emotions.

The Micromax chief is not unnerved with the over-the-top aggression of Chinese rivals who have been 'burning' money on a marketing blitzkrieg.

China shares rose sharply as investors plowed into blue chips, cheered by progress of a trading plan that will soon make it much easier for foreigners to buy Shanghai stocks.

Market peaks have occurred historically at 25x-30x times earnings. On that basis, the market is fairly valued but not exceedingly expensive.

If the S&P 500 earns $115 in 2014, it is selling at 17.1x earnings. Market peaks have occurred historically at 25x-30x earnings.

US stocks ended near flat as concern about an escalation of the Russia-Ukraine conflict offset gains in consumer staples shares.

George Kurian, the newly minted CEO of Netapp talks about the opportunities in India and the large trends changing the storage industry

"We want it to be a fusion of the best of the two cultures, rather than a Diageo-sation of USL."

Rules are created to protect organisations. Some rules create efficiency while others de-risk the company.

Global M&A volume at USD 4.86 trillion in 2015 was the highest on record for any year, surpassing the previous record of USD 4.61 trillion in 2007.

Vodafone also confirmed merger talks with the Aditya Birla Group's Idea Cellular as part of its Q3 results for the period that ended on December 31, 2016.

Ambani visited the two districts and took a survey of the worst-affected areas to assess first-hand the primary and immediate requirements of the victims

Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said.

Managing Director of NRL S K Barua tweeted, “NRL is importing 21TMT crude oil from Petronas through Haldia port to be rail freighted to Numaligarh for future processing. A step towards ensuring energy security.”

According to the company, thyssenkrupp will provide engineering, procurement and construction management (EPCM) services for various units of the refinery located in Numaligarh

Vedanta plans to sell a minority stake in its Indian oil unit have stalled after a collapse in crude prices.

The tax hike will generate an additional revenue of Rs 100 crore for the UT administration in 2020-21. After the revision in prices, petrol in the city now costs Rs 68.62 a litre, a hike of Rs 2.8, and diesel Rs 62.02 per litre, an increase of Rs 2.72.

"We have to have a reasonable price. India is a major consumer. But at this juncture, India's viewpoint is the price should be reasonable and responsible. Very low prices are not the answer. Reasonable prices are the answer," he said.

Auditors and company executives told that higher provisioning may be necessary as the pandemic-induced sharp dip would have increased difficulties for these businesses already hit by the ongoing slowdown. In many cases, auditors have asked companies to provide up to 50%.

In addition to the Rs 1,600 crore liquidity position, the company said it has undrawn sanctions of Rs 900 crore as on March 31, 2020. The Gurugram-headquartered micro lender also said that it will offer moratorium to all the existing borrowers across India.

The company has already has the IT setup and provisions for employees to be allowed to work form home in future as well, said PK Singh, director (commercial) in-charge of HR. Edited excerpts of an interview with ET’s Rica Bhattacharyya.

There is slight difference in Skymet’s estimation and the government’s second advance estimates, which was released in February this year. According to government’s second advance estimate, the out of wheat is likely to be 106.21 million tonnes while that of gram would be 11.22 million tonnes.

Major importers like Germany & Japan, which have been buyers of first flush teas from Darjeeling for decades, first want to check the quality before placing order. Iran, which had bought, around 54 million kg of teas in 2019 has also started placing good orders with the tea exporters which has resulted in orthodox tea prices moving up by Rs 30 -40 per kg in comparison to last year.

“Framing of rules is in final stages. As per the proposed guidelines, biostimulants will have to be first registered with government and have to prove efficacy before hitting in the market. Proper labelling will have to be done including name of manufacturers, ingredients and expiry date,” said a senior agriculture ministry official.

"We are ensuring that exports come back on the track. The export data for March is an indicator; the impact of the present crisis could be seen from the export data of March and that for April would also be similar," a Ficci statement said.

Highlighting that network capacity and higher bandwidth services have proved to be crucial, not only during the pandemic itself, but also for e-commerce and economic inclusion in general, it said in an information note: “What can WTO members do to improve communications networks and services?”

The Minister for MSME and Road Transport and Highways said a policy on import substitution is being thought of in the wake of the economic situation created by the COVID-19 pandemic. Gadkari said the industry may not be shut for a long time, and several relaxations could be given by the end of May.

The commerce and industry ministry is considering a plan to extend the Merchandise Exports from India Scheme (MEIS) till March 31, 2021. The proposal was mentioned in a letter to development commissioners of special economic zones from the Department of Commerce. ET has reviewed the letter.

Rice exports to Bangladesh through West Bengal will likely begin soon as the ministry of home affairs (MHA) has taken a tough stand against the state government for not allowing border trade with India's eastern neighbour.

The NAV of Franklin India Dynamic Asset Allocation FOFs (fell 16.6%), Franklin India Multi-Asset Solution (fell 22.42%), Franklin India Life Stage FOFs-20 (fell 6.59%), Franklin India Life Stage FOFs-30 (13.51%), Franklin India Life Stage FOFs-40 ( fell 17.81%) and Franklin India Life Stage FOFs-50 Plus (fell 0.52%).

The scheme is available from today, that is, April 27. It will be available until May 11 or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.

"We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand," Franklin Templeton Asset Management (India) President Sanjay Sapre said in a note to investors.

Rs 50,000 crore Special Liquidity Facility by the RBI to ease redemption pressure on Mutual Funds (MF) in the face of Covid-19 crisis would not only restore confidence in the MF industry but also ensure financial stability in the country.

The regulator has also eased compliance norms with regards to grandfathering of the existing unlisted NCDs, the Securities and Exchange Board of India (Sebi) said in a circular.

The joint venture will focus on expansion of fund offerings and long term wealth creation.