The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the states are under lockdowns due to the raging second wave of the COVID-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as an auspicious day for buying gold and jewellery, falls on May 14 this year. India is the worst-hit among all nations with the second wave of the pandemic, which has been killing more than 3,500 daily and infecting close to 4 lakhs daily for weeks. The massive caseload has nearly paralysed the medical infrastructure.
'When we talk about social distancing, it almost impossible to maintain this in slums.' 'So we had to talk to the people about cleanliness.' 'It was a task because everybody uses public toilets. So our volunteers targeted those spots to spread awareness.'
Former India seamer Venkatesh Prasad on Friday tendered his resignation from the post of chairman, junior national selection committee, less than a month after the country won the Under-19 World Cup.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks.
73-year-old dies in Mumbai, 75-year-old in Kerala.
Mark Waugh thinks that the technique of young batsman Prithvi Shaw is similar to that of cricket icon Sachin Tendulkar.
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
None of the overseas recruits of eight IPL franchises have expressed any apprehensions about travelling to India. And there are multiple practical reasons why the T20 extravaganza will be held as per schedule.
Rediff readers tell us what they did with their first salaries.
From Singapore to Almora, Abhishant Pant has survived without cash, and he wants to continue in that state all his life.
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.
Despite a 56 per cent fall in residential launches in the first half of the year compared to the second half of 2019, Anarock Property Consultants believes that consolidation in residential real estate is expected to gain ground, and that branded players may garner a market share of 75-80 per cent.
Even if the government didn't plan for demonetisation properly, it could have taken steps on a war footing later to ensure the situation improves.
If you have shot photographs like these of masked residents in these times of swine flu or taken any other newsworthy pictures, please do mail them to newsdesk@rediff.co.in We will be happy to publish them.
The firm is likely to spend $600 million in total for the new stores. The average size of its stores is about 55,000 sq ft.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
This was among the few times that TCS had to deploy rapid application development mode, which means changes in the application happen on-the-go.
Sunrisers Hyderabad outclassed Mumbai Indians by seven wickets to register their first win in IPL 9 courtesy captain David Warner's scintillating unbeaten knock of 90. Check out who all were there at the match.
In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
In the third of a six-part series, Business Standard travels through diamond and textile units in Surat to assess the impact of demonetisation.
'Let's not get carried away by stocks like D-Mart, Jubilant Foods and all those companies that are trading at an expensive valuations.'
Because of lack of pilots, airlines have been forced to cancel their flights and rework their schedules, constraining cash flows and delaying vendor payments.
Pacer Shardul Thakur gave away plenty of runs in the recent One-day Internationals against the Black Caps and faced criticism for his wayward bowling. For now though he has his eyes set on the showpiece event in Australia later this year.
A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.
'The announcement has come too late. This should have been done years ago.'
The dramatic swearing-in of BJP's Devendra Fadnavis as chief minister and Pawar's nephew Ajit Pawar as his deputy was preceded by days of talks between key party leaders and the junior Pawar, who was facing probe in corruption cases being investigated by central agencies.
"The window (for NRIs) is open till June 30 in which people can deposit cash. And after adding all these, we will give out the number," Mundra said.
Rediff readers tell us how they spent their first salaries.
'People are angry.' 'First notebandi, then GST, now losses on the farm have ruined us.'
'Reports of hitherto 'atmanirbhar' breadwinners having to stand in line for a plastic bag of khichdi or, travelling thousands of kms with nothing but packets of biscuits, have not moved the prime minister,' observes Jyoti Punwani.
According to a survey by community platform LocalCircles, early-stage start-ups, funding dependent start-ups and many small businesses will soon be fighting for survival as the spurt in coronavirus cases hits them hard.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
The remarks came amid reports of mounting tension between the finance ministry and the RBI over the autonomy of monetary policy makers.
Readers tell us how they are managing without cash since November 8.
Pritish Nandy's interview of Kishore Kumar for The Illustrated Weekly Of India was a stunner.
Australian captain Steve Smith is delighted to be back at Rajasthan Royals for the upcoming Indian Premier League.
Trouble for cash-strapped Kingfisher Airlines again erupted today with at least 30 flights either being cancelled or clubbed as several pilots and other staffers failed to report for work to protest delays in salary payments.
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