Coronavirus Impact News
As Germany readies to elect its next Chancellor, the question that many analysts have is whether EU's most powerful economy will vote for change, or stick with Merkel's policies
As per the official notification, an employer, however shall be required to appoint additional staff in order to allow every employee to avail one day holiday in a week on a rotation basis
China defends suspending food imports over coronavirus concerns, says curbs intended to protect public health
China has suspended food imports from US, New Zealand, Argentina, Ecuador, India, Indonesia, the Netherlands and Russia after its customs officials said they found coronavirus on frozen meat and on packaging
COVID-19 threatening India's gains in protecting children against pneumonia, diarrhoea, says IVAC report
The report stated that although there was progress in India in 2019, the pandemic threatens these hard-won gains due to disruption of routine health services like immunisation and access to medical oxygen, which is used to treat both pneumonia and COVID-19 patients
The MSRTC used to earn Rs 22 crore every day before the coronavirus outbreak, but presently its revenue from passenger services has fallen to barely Rs 5-6 crore, state transport minister Anil Parab said on Friday
As pandemic strips away accumulated inertia of decades, 'After Coronavirus' may be a whole brave new world
The coronavirus pandemic, like the World Wars, is a harbinger of revolutionary changes. It is accelerating the destruction of the old, and hastening the arrival of the new.
For global fashion industry, impact of coronavirus pandemic presents both crisis — and opportunity to recast itself
The fashion industry has taken a hard hit due to the COVID-19 crisis. From the material to the spiritual, the supply chain to the ideological basis of its existence — every aspect of the industry is being wrung out to dry because of what’s being called ‘fashion’s Darwinian shakeout’.
Coronavirus Lockdown: Ola to lay off 1,400 staff; CEO says revenues decline by 95% in last two months due to pandemic
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 percent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said
Global luxury sales could drop up to 35 percent by the end of 2020, according to a recent report by Bain & Company, a management consultant firm.
Franklin Templeton MF committed to return investors money at earliest, says company president Sanjay Sapre
Franklin Templeton Mutual Fund, which closed six of its debt funds citing redemption pressures and lack of liquidity in the bond markets, on Monday said it is committed to return investor money at the earliest
Ducati to resume operations at Borgo Panigale factory in Italy today; workshop staff to start work first
Ducati's restart could allow the firm to reduce at least in part the negative effects of the lockdown that occured at the 'worst time'
For recovered coronavirus patients, pain and anxiety are constant partners; doctors grapple with long-term impacts of disease
One recovered coronavirus patient, requesting anonymity, described it as being stuck in a humourless game of Snakes and Ladders.
Franklin Templeton to close six India funds; first instance of fund house shutting schemes due to coronavirus triggered crisis
“The decision has been taken in order to protect value for investors via a managed sale of the portfolio,” the Franklin Templeton Mutual Fund said in a statement.
Coronavirus takes toll on global mergers and acquisitions as $1 billion deals disappear, first time since 2004
The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic that has infected over 2.33 million people and claimed 165,000 lives.
Markets close on positive note: Sensex rises over 222 points buoyed by gains in finance, energy, power stocks; Nifty settles near 9,000-mark
NTPC was the top gainer in the Sensex pack, rallying nearly 6 percent, followed by ICICI Bank, Titan, L&T, SBI, Sun Pharma and Nestle India
Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown
"India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department,
After hitting a low of 29,602.94, the 30-share BSE Sensex pared most losses to trade 14.98 points or 0.05 percent lower at 30,052.23.Similarly, the NSE Nifty was quoting 9.50 points, or 0.11 percent, down at 8,782.70.
The impact of the coronavirus outbreak in India will be "much smaller and manageable" as the big decision of nationwide lockdown and travel restrictions were put in place much before other countries, a NITI Aayog member said on Wednesday
Over the past few weeks, the coronavirus pandemic has taught us four things about ourselves.
Industry body fears coronavirus may render 3.8 cr people jobless in India's tourism, hospitality sectors; seeks funding for 12 months
The coronavirus impact could render 3.8 crore people jobless, which is around 70 percent of the total workforce in the tourism and hospitality sector, according to a grouping