Economic Slowdown

Showing of 1 - 20 from 297 results
Economic Slowdown - Total results - 297
United Spirits shares fall up to 4% after reports 58% decline in Q4 consolidated net profit
Business

United Spirits shares fall up to 4% after reports 58% decline in Q4 consolidated net profit

Shares of United Spirits on Thursday fell nearly 4 percent after the firm reported a decline of 57.82 percent in its consolidated net profit for the fourth quarter ended March 2020

Le15's Pooja Dhingra on coping with Colaba café's closure, and why it's a tough time for more than food industry
Lifestyle

Le15's Pooja Dhingra on coping with Colaba café's closure, and why it's a tough time for more than food industry

"My idea was to bring the macaron back to India with me, and see if people would love it as much as I did," says Le15's Pooja Dhingra

Coronavirus Outbreak: Centre releases Rs 6,195 crore to 14 states as additional resources to fight virus’ impact; Kerala gets Rs 1,276 crore
India

Coronavirus Outbreak: Centre releases Rs 6,195 crore to 14 states as additional resources to fight virus’ impact; Kerala gets Rs 1,276 crore

The government on Monday released Rs 6,195.08 crore to 14 states as the second equated monthly instalment of the Post Devolution Revenue Deficit Grant

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.

FICCI calls for stimulus of around Rs 10 lakh cr to stimulate demand, supply to avert long-term economic slowdown
Business

FICCI calls for stimulus of around Rs 10 lakh cr to stimulate demand, supply to avert long-term economic slowdown

For getting the industry back on track and moving, there needs to be a robust plan for phased opening up of the economy and re-starting growth, FICCI said

Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown
Business

Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown

The rapid global economic slowdown, India’s coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a start-up community that has quickly become one of the world’s biggest, raising a record $14.9 billion last year

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.

Foreign portfolio investors pull out Rs 10,347 cr from capital markets in April so far
Business

Foreign portfolio investors pull out Rs 10,347 cr from capital markets in April so far

Remaining risk-averse amid the coronavirus pandemic, overseas investors have withdrawn net Rs 10,347 crore from Indian capital markets in April so far

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,

Policy flip-flop on e-commerce: Preferential pricing to gain some market share has to be stopped in its tracks
Business

Policy flip-flop on e-commerce: Preferential pricing to gain some market share has to be stopped in its tracks

The government's recent flip-flop on opening of e-commerce to the so-called “non-essential” goods is just one of the many such flip-flops that the Government of India has made in the last 15 years on policies relating to modernisation of India’s retail sector

Coronavirus Outbreak: Amul eyes 15% growth in turnover this fiscal from over Rs 38,000 cr in FY'20 despite nationwide lockdown
Business

Coronavirus Outbreak: Amul eyes 15% growth in turnover this fiscal from over Rs 38,000 cr in FY'20 despite nationwide lockdown

GCMMF clocked 17 percent growth in its turnover at Rs 38,550 crore during the 2019-20 fiscal year.

Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow
Business

Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow

The RBI has further given a stimulus to the economy by announcing the second tranche of liquidity with a 25 basis point reverse repo cut taking it to 3.75 percent from 4 percent earlie

Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown
Business

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,

Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown
Business

Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown

RBI had said credit growth is likely to remain modest, reflecting weak demand and risk aversion due to the disruptions caused by the coronavirus pandemic.

Coronavirus Outbreak: Housing sales drop 29% in Jan-Mar; Bengaluru registers highest fall of 52%
Business

Coronavirus Outbreak: Housing sales drop 29% in Jan-Mar; Bengaluru registers highest fall of 52%

Housing sales fell 29 percent during January-March period across seven major cities to 27,451 units while the value of unsold inventories swelled to Rs 3.65 lakh crore as buyers postponed their buying decisions amid COVID-19 outbreak, according to JLL

Rupee slips 48 paise to 76.08 against dollar in early trade; weak opening in domestic equities drags local unit
Business

Rupee slips 48 paise to 76.08 against dollar in early trade; weak opening in domestic equities drags local unit

The rupee opened weak at 75.97 at the interbank forex market and then fell further to 76.08, down 48 paise over its last close.

Coronavirus Outbreak: US Fed temporarily eases some bank leverage requirements; move to combat economic slowdown
Business

Coronavirus Outbreak: US Fed temporarily eases some bank leverage requirements; move to combat economic slowdown

Now, banks will be able to exempt any holdings in US Treasury debt or deposits at the Fed from their calculations of the supplementary leverage ratio, or SLR, an additional leverage restriction imposed on the largest US banks.

Coronavirus downturn has been rapid and sharp, says former Fed head Janet Yellen
World

Coronavirus downturn has been rapid and sharp, says former Fed head Janet Yellen

Talking of the employment sector, Yellen said she was expecting higher percentages of unemployment due to the coronavirus outbreak.