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.

Summer sales of air-conditioners, refrigerators, soft drinks and ice creams will take a massive hit this year.

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.

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.

Uber Essentials, for which approvals are being sought from state governments, will be extended to other cities early this week once approved, said Pradeep Parameswaran, President of Uber India, and South Asia.

The ministry said the webinar series will provide information on the many destinations and the 'depth' and 'expanse' of the culture and heritage of India. The first webinar on Tuesday touched upon the history of Delhi and was titled " City of Cities- Delhi's Personal Diary'.

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.

At least 40% of premium class foreign tourists visiting Nepal or Bhutan prefer touching Sikkim. Arrival of near 1.5 lakh foreign tourists and around 14 lakh domestic visitors in a year contributes a significant share to near Rs 400 crore worth annual tourism business of Sikkim-Darjeeling hills.

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.

Federation of Associations in Indian Tourism & Hospitality, the policy federation of all the national associations representing the tourism, travel and hospitality industry of India has revised upwards its value estimates at risk to Indian tourism.

Lockdown has pushed hotel business in tourism hotspot Sikkim to the brink where investors from Bengal and other states are the first tire victims. Equal sufferer is over 70% of Sikkim's population dependent on hospitality industry that generates around Rs 1.5 k croer business there in a year.

It has been billed as the 'WhatsApp of money'.

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

A move to reduce active offline banking in the country resulted in the extreme opposite, at least in the short term.

Author Jeetendr Sehdev says that he is living and breathing the KKP.

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.

How Adidas India is making a style statement Originals, which now contributes over 10% to its revenues.

Default of a Portugese bank, Ukraine-Russia face-off, developments in Middle East and signs of weakness in US economy have subdued investor sentiment.

IBM salesmen to now recommend Apple devices to their healthcare & banking clients

Opening of the Saudi stock market would be a major positive for the Middle East North Africa (MENA) region, with a total market capitalisation expected at $1.2 trillion.

In his latest note, Jonathan Krinsky of MKM Partners, uses parable of the boy who cried wolf to describe the past year and a half of action in the stock market.

The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.6 per cent. They are now down 0.8 and 1.5 per cent this week, respectively.

China's stock market got wrecked with the Shanghai Composite index crashing by 7.4 per cent. The market now down 19 per cent from its high.

In an interview, Rogers said that instead of buying US stocks, he is investing in Asian markets - Japan, Russia, and China.

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

The team was super capable in their verticals, even though they hadn't previously worked in a startup environment, says Paytm's Vijay Shekhar Sharma.

Kalyan Jewellers has committed Rs 20 crore towards the initiative as part of its endeavour to support the communities with which it operates its business, it said.

The Tata family trusts have reached out to sovereign wealth funds and other long-term investors to gauge their interest in purchasing the Mistry family’s stake if it became available, according to the people.

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

The increase in excise comes amid crude oil prices still remaining at relatively lower levels of $23.86 a barrel, compared to peak level prices.

The move follows the Centre's decision on Tuesday to increase excise duty on petrol by a record Rs 10 per litre and Rs 13 per litre for diesel. The hike, however, did not push up fuel prices as global oil prices have dropped to a nearly two-decade low.

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.

Centre and states are resorting to fuel tax hikes to capture gains from a global oil crash.

The ministers also reviewed ongoing projects and plans including the participation of Indian companies such as Indian Oil Corporation in Russias state-owned Rosneft’s Vostok oil project in the Russian Arctic, Novatek’s deal to supply of LNG to H-Energy, cooperation between Gail and Gazprom.

Before lockdown, the VAT rate on petrol was 30 per cent and on diesel was 22 per cent.

State fuel retailers in India sold 50% less refined fuel in the first two weeks of April than the same time a year earlier as the country came to a standstill due to the lockdown that was put in place on March 24.

The Gautam Adani-led utility firm that sells piped natural gas (PNG) to households and compressed natural gas (CNG) for vehicles hopes to make up for the lost time on new projects once the lockdown is over and is sticking to its capital expenditure plan of Rs 1,500 crore for the current fiscal, its CEO Suresh Manglani has 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%.

Top fintech companies are, therefore, rushing to tap into this new consumer trend, with several of them offering digital solutions to small merchants. These range from instant loans to digital billing to even geotagging, as companies believe the merchant digitisation business will boom when the lockdown eases.

Indians may borrow more against their stash of gold as the world’s biggest lockdown raises financial stress .

Para banks have requested that this window be established through MUDRA, Small Industries Development Bank of India, National Bank for Agriculture and Rural Development and National Housing Bank. They are also requesting a special purpose vehicle that would be allowed to leverage about 4 times to provide a funding of ₹50,000 crore to small and medium-sized NBFCs.

​ NBFCs have also demanded for extension of the Reserve Bank of India's moratorium to them, relaxation on provisioning norms and additional funding from Small industrial Development Bank of India (SIDBI) and National Bank for Agriculture and Rural Development (NABARD) through refinance mechanism.

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.

The bank which was under RBI's administration since 2014, failed to come up with a satisfactory revival plan, after which the banking regulator cancelled its license. Majority of the bank's depositors now get 100 per cent of their money back. The government hiked the minimum deposit insurance cover from Rs 1 lakh to Rs 5 lakh in its budget announcement in February.

A day after suggesting that Indian economy is "poised to recover" as indicated by high levels of loan sanctions by banks over last two months, Finance Minister Nirmala Sitharaman on Saturday pointed out that banks are leaving no stone unturned to ensure that the current coronavirus situation does not result in liquidity crisis for businesses.

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.

State Innovation & Transformation Aayog (SITA), Assam, is working on a Strategy Paper for the state government by engaging Ernst & Young (EY) on tea industry. Tea industry has suffered immensely during the lockdown .