Industry

IDFC First Bank CEO takes 30% pay cut, 10% for senior management

Livemint May 25,2020

The bank said it has honoured all offers that were made to new hires before the pandemic including lateral and 550 management trainees. The bank has paid 100% of the FY20 variable pay to 78.2% of its ...

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'Mega bank mergers working smoothly without heartburns': AIBEA

Livemint May 25,2020

The amalgamation of 10 public sector banks into four has been working smoothly for the past two months, said a top official of AIBEA.The AIBEA is the largest union in the banking sector representing t...

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Protests hit telecom restoration work in cyclone-ravaged Bengal: Officials

Livemint May 24,2020

Reliance Jio said it has regained 70 per cent of their coverage with temporary solutions like mobile BTS and other mechanisms.Lack of coordination between local administrations and authorities of util...

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Rate cut puts squeeze on banks

Livemint May 24,2020

People are more inclined to save, leading to a surge in deposits, which gives banks the freedom to lower rates, say analysts

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Covid pushes adoption of retail 4.0 solutions

Livemint May 24,2020

A recent study by Capgemini found that 37% of Indian consumers between 41 and 50 years prefer facial recognition for authentication for various purposes to avoid human interaction and touchscreens

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India’s peak power demand slowly reaching pre-lockdown levels

Livemint May 24,2020

This comes in the backdrop of India slowly opening up for business, with factories opening, trains running and domestic airline operations set to resume from major cities from 25 May.According to Poso...

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Retail trade lost 9 lakh crore of business in 60 days: CAIT

Livemint May 24,2020

The shortage of labour, non-availability of transport and negligible footfall of customers is leading to acute financial crunch for traders.It further said that the loss of business also resulted in a...

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Give loan to eligible borrowers without fear of CBI, CVC and CAG: FM to banks

Livemint May 23,2020

Banks should not be scared to extend loans as 100% guarantee is being given by govt, Nirmala Sitharaman told CEOs and MDs of public sector banks on Friday

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Farmer organization to protest against KCR’s unilateral farming regulation policy

Livemint May 23,2020

At a meeting held by farmer organizations on Saturday in Hyderabad, farmer organizations also opposed the expansion of cotton cultivation to 70 lakh acres in the state, which was announced earlier thi...

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Reliance Retail's JioMart launches services across cities

Livemint May 23,2020

JioMart's launch comes a month after Reliance Retail signed a commercial pact with Facebook's WhatsApp to boost the reach of JioMart.WhatsApp’s huge user base is expected to significantly accelerate...

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About 20% SBI borrowers avail loan repayment moratorium: Rajnish Kumar

Livemint May 23,2020

SBI chairman Rajnish Kumar said close to 20% of the bank's borrowers have availed moratorium on repayment of term loans instalments.On Friday, RBI allowed banks and other lending institutions to exten...

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Stressed borrowers get a  3-month breather

Livemint May 22,2020

Reserve Bank of India (RBI) governor Shaktikanta Das said the move would help borrowers

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5G rollout cloudy but telcos remain upbeat

Livemint May 22,2020

Despite many difficulties, the larger telecom ecosystem feels rising demand will keep the 5G discussion going

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Non-vegetarian food consumption dips,, kiranas drag FMCG growth in April: Nielsen

Livemint May 22,2020

Demand for meat dipped because of channel and supply chain constraints and shoppers’ lower purchase intent

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RBI's surprise rate cut, shift in focus to growth, loan moratorium and more

Livemint May 22,2020

The governor and the MPC painted a grim picture of the economy. RBI governor noted that demand has been severely hit, pointing out that covid-19 has dealt the biggest blow to private consumption

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RBI's 5 key announcements today: Repo rate cut to an extension on loan moratorium

Livemint May 22,2020

The central bank of India today cut the repo rate by 40 basis points to 4%.The RBI today extended loan moratorium by another three months

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ONGC, NTPC sign MOU to set up joint venture for renewable energy business

Livemint May 22,2020

The MoU will enable both companies to achieve their respective targets in renewable energy business

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India's GDP growth in 2020-21 to remain in negative territory: RBI

Livemint May 22,2020

Revenues have been impacted severely due to slowdown in economic activity amid COVID-19 outbreak, RBI governor said.Inflation forecasting has also become complicated due to difficulty in data collecti...

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RBI governor's address at 10AM: Five things to watch out for

Livemint May 22,2020

Markets are hoping for an extension of the loan moratorium beyond 1 June.Banks have urged the RBI to allow a one-time recast of stressed assets in the wake of the covid-19 pandemic

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Virus crisis offers new avenues for e-commerce firms to thrive

Livemint May 21,2020

Pandemic has forced startups to think how they can keep their biz relevant to the target audience.Users are now moving to remote and tech-driven diagnostics, owing to the lockdown

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Winds of change in e-commerce and retail have approached a gale force

Livemint May 21,2020

New consumer preferences and business models will blur the traditionally hard lines between online and offline

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Honda Motorcycle to restart Karnataka plant from 25 May

Livemint May 21,2020

The Japanese two-wheeler maker will start production in three other locations in the first week of June

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Small auto parts suppliers fear closure with demand freezing

Livemint May 21,2020

Many small tool rooms, which work like MSMEs and are critical to the value chain, are struggling to survive.While the govt announced several measures for MSMEs as part of its stimulus package, auto in...

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ZEE creates fresh TV and web content during lockdown

Livemint May 21,2020

Teams at ZEE have enabled innovations through remote production using mobile and professional cameras for video and audio production to support broadcast, digital and social platforms

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In a post-covid world, customers’ trust will be very important: Amit Agarwal

Livemint May 21,2020

Amazon’s core strategy of selection, price and convenience is more relevant than ever, says Amit Agarwal.On-boarding of local and offline retailers will play a key role, says Agarwal

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Flyers, airlines grapple with new rules; glitches and lack of transport on day 1 of flights resumption

Economic Times May 25,2020

India’s busiest airports in Mumbai and Delhi cancelled close to 200 flights since last night. While the curtailment led to confusion and disgruntlement among passengers, they also made for much less...

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Mercedes Benz offers customised finance options to lure customers back

Economic Times May 25,2020

Also, the company is providing ‘Step-Up 2020’ option, under which a customer can pay small sum as EMIs for the first six months of the contract and regular EMIs starting from the seventh month.

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India's April crude processing in biggest drop in at least nearly two decades

Economic Times May 25,2020

The lockdown and travel curbs aimed at stemming spread of COVID-19 since March 25 forced people to stay home, cutting India's fuel demand by 45.8% in April.

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Realtors Body CREDAI approaches PM Modi seeking support for sector’s survival

Economic Times May 25,2020

It has reiterated the demand for one-time restructuring of loans, additional institutional funding, waiver of penal interest, policy innovations for triggering demand including customer- centric tax t...

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UPSRTC preparing to restart operations at short notice, date not decided yet: Official

Economic Times May 25,2020

Reacting to reports that the state roadways buses would be restarting normal operations from June 1, the managing director of UPSRTC, Rajshekhar said the final decision will depend on the directions o...

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Mega bank mergers working smoothly without heartburns: Bank employees union

Economic Times May 25,2020

"Each bank had its own employee benefit schemes. The scheme that is most beneficial to the employees were extended to all the employees of the amalgamated entity. This way heartburns were not created,...

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40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report

Economic Times May 25,2020

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent while 15 per cent of the companies have witnessed it slide up to 75 per cent. The BOTT Travel S...

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COVID-19: Pending class 10,12 board exams to be held at 15,000 centres

Economic Times May 25,2020

The HRD ministry has already announced that students will appear for exams at schools in which they are enrolled rather than external examination centres. According to home ministry guidelines, there ...

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Manufacturing of PPEs, N95 masks ramped up; ensuring quality through stringent protocols: Health minister

Economic Times May 25,2020

"There are some reports in a section of the media expressing concern about the quality of personal protective equipment (PPE) coveralls," the ministry said, clarifying that the products referred to in...

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Hyundai India, Maruti workers get coronavirus, showing restart risks

Economic Times May 25,2020

The cases show the risks and challenges Modi's government faces in restarting automobile production.

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Jet Airways offers two Boeing aircraft for evacuating Indians stranded overseas

Economic Times May 25,2020

The once-storied full service carrier is undergoing insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia. The Insolvency and Bankruptcy Code (...

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Supreme Court allows Air India to fly for ten days with middle seats filled in scheduled aircraft

Economic Times May 25,2020

"You should be worried about the health of citizens, not about the health of commercial airlines,"the top court told Solicitor General Tushar Mehta who appeared for the Centre during an urgent hearing...

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Deepak Fertilisers forays into hand sanitiser segment

Economic Times May 25,2020

The company has launched IPA based hand sanitizers under the brand name ‘CORORID’, which conforms to WHO’s recommended formulation.

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Russian diamond major ALROSA offers rough diamonds through digital platform to customers

Economic Times May 25,2020

The offered volume is the largest ALROSA has ever put on a digital tender. The company provides detailed information on each diamond for remote evaluation. Clients logged to their personal online acco...

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JSW Steel ramps up capacity utilisation to 85% in May

Economic Times May 25,2020

After hitting a historic low in April, domestic steel demand is only expected to climb back to 25-30% of normal levels this month. While demand across the country had shrunk in the aftermath of the fi...

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Covid-19 lockdown: Domestic flight services resume in India after two months

Economic Times May 25,2020

States like Maharashtra, West Bengal and Tamil Nadu, which are home to some of the busiest airports in the country, were reluctant to allow domestic flight services from their airports, citing swellin...

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Flight services resume from Chennai; 116 passengers leave for Delhi

Economic Times May 25,2020

A total of 16 flights were scheduled to arrive in the city through the day, according to the Centre's decision as Tamil Nadu government had demanded for capping such services to 25 per day, while 19 o...

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Suzuki Motor resumes production at Gujarat plant

Economic Times May 25,2020

Suzuki Motor Gujarat had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of COVID-19. The facility, which rolls out two models, Baleno and Swift, currently has an...

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Pharma retail market shrinks 12% in April, worst in 3 years

Economic Times May 25,2020

The market was pulled down by acute therapies, with demand for these medicines collapsing by nearly 21% in April YoY. With prescriptions for anti-infectives down, sales of pain, gastro and vitamins ...

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Oil, gas giants may get tax sop as government works on lifeline

Economic Times May 25,2020

A relief package has become crucial for the survival of companies such as ONGC as the price crash since March has turned oil production into a loss-making proposition. For example, the total cost of a...

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