Coronavirus Impact

MSRTC seeks Rs 3,600 cr from Maharashtra govt to pay salaries, meet essential expenses

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

Future of Indian luxury goods market uncertain in post-COVID-19 economy, says management expert

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.