Australia has involved the tourism chiefs to launch a huge UK advertising campaign on Christmas Day with the aim of reversing the decline of visitors from Britain which is linked to uncertainty over its exit from the EU.  The Campaign and the…

Talking to FE, principal secretary, excise and sugar industry and cane development, Sanjay R Bhoosreddy said this arrangement has been made in face of the lockdown.

No automatic approval; move seen to curb opportunistic takeovers.

21 downgrades a day since January compared with 15 between January and mid-March.

Indian internet consumer businesses raised $2.1 billion from investors in the January-March period, about 14% less year-on-year, data from market research firm Tracxn showed.

During FY12-17, a cumulative generation capacity of 99,209 MW was added against a target of 88,537 MW, outpacing the growth in demand and resulting in a declining trend of PLFs.

DBT ensures that the cash benefit is directly credited into the account of the beneficiary, eliminating the risk of leakage as well as improving efficiency.

Truck drivers, traders, retailers, transporters and other stakeholders, who were facing problems in inter-state movement of any commodities, have been asked to seek help from the call centre.

India currently has solar modules manufacturing capacity of 7-8 gigawatts (GW). This includes the units of players like Adani Solar, Tata Solar, Waaree Energies and Vikram Solar.

India, which was among the last set of nations where the Covid-19 spread its tentacles, has announced a Rs 1.7-lakh-crore (0.8% of GDP) relief package for the poor and the vulnerable and is planning to calibrate its reponses to help the economy over the coming weeks.

The order also directs the village sarpanchs (heads) to permit these workers to enter their villages, and to make an official note recording their entry.

Delay in local clearances, incomplete supply chain and closure of front-end sales, key reason for firms in a wait and watch mode

Like Maharashtra and Telangana, Odisha has also been forced to cut expenditure and defer some others, including salary payments to manage the finances at the current juncture.

Through the SEIS, the government offers domestic exporters duty credit scrips at 5-7% of the net foreign exchange earned, depending on the nature of services.

“We have no regrets in doing so. It will help us come out of the crisis stronger,” Nilanjan Roy, CFO, said on Monday.

Reddy spoke of how it is very difficult to catch asymptomatics, unless individuals get themselves tested on demand, or the public health authorities organise testing in a cluster.

Prior to the move, all FDI proposals from only Pakistan and Bangladesh were required to be cleared by the government.

Except Madhya Pradesh, no other state has so far acted upon the Centre’s advisory, leaving farmers, the intended beneficiaries of the move, high and dry.

While for the latter the companies, including Vodafone Idea, have sought the facility to pay in installments spread over some 20 years which is currently before the SC, there's been no such demand for current payments.

For a country that depends on imports to meet 85% of its crude oil requirement, the benign prices of the commodity will also have another beneficial outcome as reduced subsidy bills.

This fund of funds may make downstream investments in venture capital and alternative investment funds that will, in turn, invest in MSMEs with AAA or AA-rated ratings.

The audit firms had argued that the government’s move to ban the auditors under section 140(5) was unconstitutional, since it did not apply to former auditors of any company.

Nevertheless, as many as 69% of respondents in a Ficci-commissioned survey have indicated that measures initiated so far by the government are inadequate and called for more steps.

According to Credit Suisse, Facebook's investment will accelerate Jio's digital monetisation drive wherein RIL transferred Rs 1.08 lakh crore of debt from Jio to Jio Platforms.

Since the deal between the two firms is not exclusive, tomorrow Facebook is free to forge any kind of alliance with the likes of Amazon or Flipkart on the retail side.

Other telcos may face the heat in the long term by the nature of partnership which over time may see their high-end subscribers moving on to Jio's network just by the brand pull of WhatsApp.

Oyo’s consolidated losses increased to $335 million in the year to March 2019 from $52 million in FY18 as expansion into international markets, including key market China entailed heavy costs.

The partnership between Reliance Retail Whatsapp - inked on Wednesda -and could mean more competition for the likes of BigBasket and Grofers and others like Amazon and Flipkart looking to get a share of the food and groceries pie.

India is among the last set of nations to face the Covid-19 outbreak, but the longer it takes to shape its economic response, the costlier its interventions will be, according to industry executives.

As reported earlier, Vodafone Idea on Tuesday paid around Rs 1,367 crore to the department of telecommunications (DoT) towards its licence fee and spectrum usage charge for the January-March quarter.

In view of the mounting attacks amid the Coronavirus outbreak, the IMA had been demanding that the government formulate a law to protect health workers.

While the Reserve Bank of India (RBI) has allowed borrowers a three-month repayment holiday for term loans, keeping insolvency proceedings in abeyance would be an additional breather for borrowers who may default on loan repayments thereafter.

Part of the explanation can be higher co-morbidity in certain cities and also a shortage of critical equipment like ventilators.

As retail prices of petroleum products are mapped with international rates, the steep fall of global crude prices in Q4FY20 meant that by the time refiners sold their products after processing crude, retail rates had fallen.

One reason for it could be that IndiGo, with its free cash of over Rs 9,400 crore as on December 31, is in a better position than most peers to tide over the crisis.

Unilever had expected demand to pick up across its markets in H2 of 2020 with a growth of 3%. The company had lowered its guidance for 2020 in December 2019 and now its long-term guidance band for the current year too stands suspended.

Currently there are about 48.34 lakh central government employees and 65.26 lakh pensioners. The DA/DR increases are in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

Urging the top management to rise up to the challenge, Subrahmanyan said that once the lockdown is lifted, everyone’s efforts need to double up to try and bridge the revenue gap.

The stricter lockdown measures in select cities are in the wake of increasing number of Covid-19 cases in the state, especially in the urban areas.

Even some of the food processing companies have reported that they are not getting the raw material as village panchayats were not allowing anyone to enter to procure such raw materials.

Once the clinical trials are over and successful, SII will release its vaccine. If the clinical trials by Oxford are not successful then the loss will be of SII. Some limited clinical trials will be done by SII also.

Speaking at an Assocham webinar, the minister said the fund will be used to clear dues owed to small businesses by state-run entities as well as industries.

The regulator had also observed that mutual funds should not depend totally on credit rating agencies but should do their own assessments.

Dr Gallo and Dr Chumakov briefly talk about research showing non-specific protection from vaccines such as BCG, measles and other live attenuated (weakened) vaccines.

The Group of Ministers (GoM), headed by health minister Harsh Vardhan, met to review the preparations and deliberate on the way ahead.

In fact, the BJP-JDU government in Bihar has protested against students being allowed to move out of Rajasthan and wrote to the Centre recently calling it an “utter violation of guidelines issued by the MHA”.

A visit to any neighbourhood kirana shop will reveal piles of snacks, bakery goods, groceries, soaps and sanitisers that have been made in the immediate vicinity.

The appointment of Bajaj comes at a time when the economy has been facing an unprecedented crisis due to the Covid-19 outbreak, and is expected to grow at just 1.9% in FY21, according to an IMF estimate, or even lower.

Meanwhile, domestic consumption of petroleum products in FY20 remained flat at 213.7 MT as sales of transportation fuels plummeted in March amid the country-wide lockdown.

Given the Indian economy could well contract in 2020-21,following the disruption to the pandemic, even bigger companies might enourage some employees to work from home. For small businesses there might be no other option.