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‘Resilient’ luxury giant LVMH sees 15 percent drop in sales

French luxury giant LVMH vaunted its ability to weather bad times on Thursday as it said revenue slid 15 percent in the first three...

Global economy on track for sharpest downturn since Great Depression: IMF

The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn...

Worst economic slump in four decades predicted for South Asia

India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the...

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...
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