Page 19 - Covid-19

Religious tourism hit hard by cancellation of kanwar fair, char dham yatra

The cancellation of kanwar yatra has come as the last nail in the coffin for traders in Haridwar

Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: Report

According to the agency, the fall in demand is likely to result in a 13.1% YoY decline in revenue of discoms to Rs 6.8 trillion in FY21

Make in India: Govt to offer production linked incentives in more sectors

The government earlier announced production linked incentives for large scale electronic goods makers for five years

Big traders hire online experts as Benares silk goes digital to stay afloat

Many of the smaller ones are hopping on to the e-commerce and social media bandwagon in order to survive amid the Covid crisis

Bengaluru tech firm to produce NASA-designed, US FDA-approved ventilators

The firm said it is among a handful of Indian companies licenced by NASA for meeting the worldwide acute shortage of ventilators needed in treating Covid-19 patients

ITC Q1 preview: FMCG segment to cushion overall nos; PAT may dip 30% YoY

Impact of the lockdown of manufacturing facilities, cigarette inventory levels, guidance on price and volume, and alternate distribution channels are among the key monitorables

L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish

L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.

Next fiscal step likely after vaccine to cure Covid-19 comes: CEA

Says vaccine is not very far off and when it comes, uncertainty about the virus will considerably go down and the time will then be ripe for generating demand for discretionary spending

MyLab Discovery Solutions' Covid-19 antigen testing kits get ICMR nod

MyLab's kit named 'Pathocatch' will be available for orders immediately and will be priced at around Rs 450

Covid-19 crisis: Glenmark claims 'clinical cure in 4 days' in Phase-3 trial

Firm claims trial results showed 28.6% faster viral clearance in overall population, says drug well tolerated with no major side effects

Digital transactions could reach Rs 15 trillion a day by 2025: RBI

Daily transactions average 100 million now for a volume of Rs 5 trillion; just before Covid, they daily were averaging 125 million a day, or more than five times the volume in June 2016

Bajaj Auto's profit before tax plunges by 57% in Q1 as coronavirus bites

Pandemic induced lockdown saw volumes fall 65%, revenue decline by 60%

Covid-19 impact: L&T pre-tax profit plunges 66% to Rs 894.46 cr in Q1

The company's net profit at Rs 303.14 crore for the quarter under review, was 79 per cent lower than the net profit of Rs 1,472.58 crore reported last year

Indian job seekers slowly losing interest in opportunities in US: Report

The downward trend predates impacts of Covid-19, and corresponds instead with uncertainty around and tightening of the US immigration policy

India responding to Covid-19 crisis with utmost urgency from the start: WHO

The country did not witness an exponential increase in cases like some other countries which reported their first few cases, along with India, said WHO Regional Director (South-East Asia)

As Covid-19 reaches hinterland, is India's rural growth story getting over?

A recent report by Credit Suisse cautions that the spread of Covid-19 infections to Tier-III and -IV cities could stall the growth momentum

Indian hedge funds lag market surge amid Covid spike and lockdown

Hedge funds in India typically come under AIF structures, many are managed to ensure clients' assets are protected and aren't focused on delivering massive returns

Hold MP bypolls through ballots in view of Covid-19: Kamal Nath to EC

Byelections are due in 26 constituencies which have fallen vacant following resignations of 24 MLAs of the Congress, and death of two legislators earlier

74% Indians prefer to continue working from home after Covid-19: Report

At least 74 per cent of people in India say they will continue to work from home more than they did before the Covid-19 pandemic, a new survey revealed

Tier-2 and 3 consumers more hopeful of rebound in retail: KPMG report

Nearly 22 per cent consumers in tier-2 cities and 30 per cent in tier-3 towns feel their spending will either increase or remain the same as prior to Covid-19