Economic Activity

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Economic Activity - Total results - 40
US businesses hammered by COVID-19 pandemic but some feel worst of crisis behind them: Fed survey
Business

US businesses hammered by COVID-19 pandemic but some feel worst of crisis behind them: Fed survey

The Fed’s survey, known as the “Beige Book,” was conducted in April, when non-essential businesses were shut down in much of the country, through 18 May, when some states had started to loosen restrictions.

India's first quarter GDP growth likely to be weakest since 2012; coronavirus, lockdown halted economic activity: Poll
Business

India's first quarter GDP growth likely to be weakest since 2012; coronavirus, lockdown halted economic activity: Poll

Forecasts for gross domestic product (GDP) data, due to be released on 29 May, ranged between +4.5 percent and -1.5 percent, underscoring the widespread uncertainty on the impact of the coronavirus on the economy at that stage.

COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings
Business

COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings

While bad loans from the corporate sector may rise by Rs 3.4 lakh crore, for non-corporate segments it may increase by Rs 2.1 lakh crore in FY21, India Ratings and Research said in the report

UP, MP ease labour laws: India needs to ride this wave focussing on employee health, safety and correct 'miserable' record in this matter
Business

UP, MP ease labour laws: India needs to ride this wave focussing on employee health, safety and correct 'miserable' record in this matter

Labour regulations such as 8 hours work days were brought in after years of protests against exploitation.

State refiners scale up crude processing as fuel demand improves with easing of lockdown measures
Business

State refiners scale up crude processing as fuel demand improves with easing of lockdown measures

Indian Oil Corp, the country’s top refiner, has raised crude processing at its plants to 60 percent capacity and aims to reach 80 percent by the end of this month, it said in a statement on Monday

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis
Business

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis

The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.

Hyundai rolls out 200 vehicles from Chennai plant on first day of resuming operations
Business

Hyundai rolls out 200 vehicles from Chennai plant on first day of resuming operations

The auto major has commenced production at the facility adhering to 100 percent compliance of safety and social distancing norms, Hyundai Motor India said

Coronavirus impact: Fuel demand nearly halves in April as lockdown, travel curbs erode economic activity
Business

Coronavirus impact: Fuel demand nearly halves in April as lockdown, travel curbs erode economic activity

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes-its lowest since 2007, government data showed on Saturday.

Coronavirus Impact: Retail inflation likely fell to a five-month low in April over sluggish demand, says report
Business

Coronavirus Impact: Retail inflation likely fell to a five-month low in April over sluggish demand, says report

Retail inflation eased to a five month low in April as the nationwide lockdown imposed to try to quell the spread of the coronavirus and subsequent sluggish demand drove price pressures down, a poll surveys revealed.

JSPL's crude steel output remains flat during April; export contributes 74% of total sales volume
Business

JSPL's crude steel output remains flat during April; export contributes 74% of total sales volume

JSPL said the outbreak of pandemic began impacting economic activity by the third week of March, leading to the announcement of the nationwide lockdown.

Lockdown led to subdued economic activity but saved India from lot of agony: SBI chairman
Business

Lockdown led to subdued economic activity but saved India from lot of agony: SBI chairman

The SBI Chairman said the nationwide lockdown should only be lifted once the situation is fully under control.

Govt brushes off officers' proposal for wealth, coronavirus tax on super rich; terms IRS report 'irresponsible'
Business

Govt brushes off officers' proposal for wealth, coronavirus tax on super rich; terms IRS report 'irresponsible'

The suggestions are part of a paper titled 'Force', which stands for 'Fiscal Options & Response to the COVID-19 Epidemic', submitted by the Indian Revenue Service (IRS) Association to CBDT (Central Board of Direct Taxes) Chairman P C Mody,

Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes
Business

Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes

All public sector banks, old generation private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Federal Bank are members of IBA

Inland logistics players' volume may fall 10-15% in current financial year; operational recovery to be gradual: India Ratings
Business

Inland logistics players' volume may fall 10-15% in current financial year; operational recovery to be gradual: India Ratings

The agency pointed out that between 2016-17 and 2018-19, the logistics space in India experienced a large amount of consolidation and the share of integrated logistics players increased substantially.

US oil plunged below $0 a barrel on Monday: Here's all you need to know about negative crude futures and what it means for consumers
Business

US oil plunged below $0 a barrel on Monday: Here's all you need to know about negative crude futures and what it means for consumers

The price of a barrel of benchmark US oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut

Getting India back in the fast lane: Factories, industrial units should be allowed to resume under supervision, writes Naveen Jindal
Business

Getting India back in the fast lane: Factories, industrial units should be allowed to resume under supervision, writes Naveen Jindal

Many industrial units in India have their own townships. Whether in Bokaro, or Greater Noida, or in Tuticorin, they are often self-contained.

Allow full operations of e-commerce companies as first step to normalcy, says industry body IAMAI
Business

Allow full operations of e-commerce companies as first step to normalcy, says industry body IAMAI

IAMAI said that e-commerce services can facilitate delivery from producers and sellers to more than 75-100 million active customers on various platforms across 19,000 pincode areas.

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected
Business

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected

Banks were the biggest drag for the 30-share BSE barometer which ended 674.36 points lower at 27,590.95.

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Business

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers

Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Business

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity

Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.