"By March 2020, TV prices will be increased by 10 per cent due to the current Coronavirus crisis of China, there is a major shortage of raw materials along with a sharp 20 per cent increase in open cell panel prices," Avneet Singh Marwah, CEO of SPPL said.

While presenting the budget, Finance Minister Nirmala Sitharaman had proposed to hike the basic customs duty to 12.5 per cent from 10 per cent on compressor of refrigerator and air conditioner. In a residential AC, compressor and motor, which account for around 30 per cent of the price are imported, while sheet metal, coils and other are sourced locally.

China supplies several components for air conditioners made in India. Shortage of these components could affect AC production in India. "We are well stocked till the first week of April. But unless the supply from China is restored in the next couple of weeks, we could face a challenge in the production front after that," said C P Mukundan Menon of Blue Star.

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.

The company has cut prices anywhere from Rs 2,000 on the smaller screen televisions going up to Rs two lakh on a flagship 85-inch model apart from rolling out long tenure no-cost EMI schemes and bundling offers. It has launched a new 85-inch model at Rs 5.9 lakh bringing down its earlier pricing structure of Rs 10 lakh in this screen size.

With just 73 confirmed cases of the virus and no deaths, India, a country of 1.3 billion people, has so far fared better than elsewhere in Asia, Europe and North America. But experts say India's already overstretched medical system would struggle to deal with a major rise in serious cases.

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.

The ministry said the portal will help tourists get information on state tourism departments and regional offices of the ministry of tourism to help them stay safe and healthy while in India. It will also help them find information on ways of getting back to their home country, the ministry added.

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.

Sensing a long-term lull in overseas travel, the Ministry of Tourism launched ‘Dekho Apna Desh’, a webinar series hosted by experts who will share key nuggets and information on destinations like Varanasi, Pondicherry, Ladakh, Kolkata and Lucknow.

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.

High mortality and fast-changing fortunes are a given when it comes to payments ecosystem, much like food-ordering and ecommerce marketplaces.

Digital wallets need to look beyond purely functional benefits to catch on in India, argues Leo Burnett’s Dheeraj Sinha.

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.

Given the ingenuity of virtual thieves, the bug zappers of the virtual world are counting on there always being a need for their services.

Speaking the same language is a business imperative if e-wallets want to make any kind of impact outside big cities.

Bhavik Vasa, chief growth officer of ItzCash, contends the market opportunity is huge as 85% of the population is still dealing with cash.

Now, wire makers want their spot in the light after providing us safe ways to light our homes.

From the glow of the once-admired brand the venture has seen its stock slip and slide.

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.

While the economy appears likely to rebound from a first-quarter contraction, Yellen said the progress “bears close watching.

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.

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.

Thanks to the increasing penetration of smartphones India is transitioning from a 'mobile first' to 'mobile only' country.

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."

When you are hiring someone, they should basically understand the culture of your organisation, says Shaadi.com's Anupam Mittal.

Till about a year ago, I was fairly hands-on in the hiring process, says Zomato's Deepinder Goyal.

Management at Faasos are not people from food industry but mostly entrepreneurs who wanted to build something different on their own, says Revant Bhate.

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.

Interconnection enables mobile users to make calls to customers of other networks and is, therefore, crucial for smooth functioning of mobile services.

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.”

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.

On Tuesday, Centre hiked excise duties on petrol by Rs 10 per litre and on diesel by Rs 13 per litre.

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.