Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.
Indian kitchens, particularly in the country's cow belt, cannot be run without atta (wheat flour) required to make roti (bread)
In many cases, duties are not being paid by importers due to temporary closure of manufacturing facilities
Shops selling fertiliser and seeds are closed, clouding even the prospect of sowing short-duration summer crops
The 21-day lockdown has put pressure on the logistics system and is a big hurdle in delivery of essential products
The issues formed key concerns raised by industry during a meeting with Commerce and Industry Minister Piyush Goyal held via video conference on Saturday
APMCs had earlier voluntarily discontinued auctions of grains and pulses at the markets since these were non-perishables
Nadella said that "on the supply side we are getting back on rails", adding that the big question would be whether demand holds up in the US and Europe
A large chunk of the labour has gone home following lock down; fleet owners are reluctant to carry consignments citing harassment
Supply chain disruption due to Corona to be considered Force Majeure
GST rationalisation, IT design framework, Trump administration on coronavirus to banking crisis, Kanika Datta brings you the top opinions of the day
The outbreak has already disrupted supply chains as well as production and would lead to job losses, warn analysts
The data, said sources, is mainly pertaining to production volumes, capacity, exports, domestic sales and distribution along with prices
Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008
Supply disruption in China, new orders, and expansions are key positives
Tata Motors, Mahindra and Mahindra (M&M) and MG Motor India on Sunday said they are facing challenges in terms of component supply from coronavirus hit-China. M&M has reported a 42 per cent decline in total sales at 32,476 units in February. "...because of the unforeseeable challenges on the parts-supply from China, our BS VI ramp-up has been affected," Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd said in a statement. This has resulted in high de-growth in billing volume for February and dealer inventory is now under 10 days, he said. "Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy," he added. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said the outbreak of Covid-19 in China and a recent fire incident at one of its strategic vendors affected the vehicle production and wholesale volumes. MG Motor India too reported lower retail ...
Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said that commercial vehicle domestic sales in February was 35 per cent lower than last year
The funds will be available for all ADB developing member countries in updating and implementing their pandemic response plans
The deadly virus which originated in China has claimed the lives of more than 2500 people in the country
PHDCCI President D K Aggarwal said disruptions in the global supply chains will not only hit China's exports but also the exports of the importing countries