Business

Business

India’s small businesses struggle to pay wages amid coronavirus lockdown

Hundreds of thousands of cash-starved Indian small businesses have either deferred or cut their workers' wages this month, say industrialists and union leaders, amid a...

Maruti cuts production by 32% in March

The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 per cent in March, according to a regulatory filing by the company. The...

Virus slowdown threatens restaurants in India with bitter aftertaste

After growing tenfold in the last decade, India's restaurant sector fears for the future when a nationwide lockdown is eventually lifted, with customer numbers and...

ADB expects India’s economic growth to slow down to 4% this fiscal

India's economic growth is likely to slow down to 4 per cent this fiscal on the back of the current global health emergency, Asian...

COVID-19 to make global economy shrink by almost 1% in 2020: UN

The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast...

Covid-19 moratorium unlikely to benefit borrowers as banks to charge interest later

The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period,...

Opposition Congress demands law against retrenchment in private sector till August

The Congress on Monday demanded that the central government bring in a law or rule to ensure there is no retrenchment of workers in the...

RBI slashes interest rates as virus spreads

India's central bank cut interest rates sharply Friday as the coronavirus outbreak deepens fears for Asia's third largest economy, which was already battling a...

Air India to incur £3.3 million loss a day after coronavirus grounds flights

India's flag carrier Air India is expected to incur losses to the tune of Rs 300-350 million (£3.3-3.85m) per day following the suspension of...

Automakers in India halt production due to coronavirus

India's biggest automaker Maruti Suzuki and peers Hyundai, Mahindra & Mahindra, Fiat Chrysler, Ford and Toyota said they will halt car production due to...