While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
None of the 2,600 workers had any clue about the suspension of work notice, put up on the gate of India's oldest automobile plant last Sunday.
The top cop of the state said despite the verdict coming out last week every district is on a "high state of preparedness" and no untoward incident has been reported so far.
This is the most fun Sukanya Verma has had since Wonder Woman.
As the world awaits the end of the global pandemic, rural Bengal might be witnessing a recession unfolding in bits and pieces. With factories and tea gardens closing down, agricultural income falling and storm Aila ravaging a large part of deltaic West Bengal in 2010, migration gradually became a norm.
Korean electronics major LG Electronics said it plans to invest Rs 100 crore (Rs 1 billion) in India in the current calendar year, and also come out with an initial public offering for which no timeframe has been set.
Director Sourabh Usha Narang denies his first film is a rip off of The Sixth Sense.
Three interesting films gear up to release on this festive occasion.
The use of these bulbs is estimated to save 3,900 Mw of power, leading to an annual saving of Rs 7,990 crore
While Unilever has been aggressive, both organically and inorganically in the country, P&G's approach has been about achieving 'balanced growth' in terms of top line and bottom line.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
368 of James Anderson's 575 Test wickets have come on home soil, where the Dukes ball has been the default during his long career.
India is aiming to export arms and ammunition worth $20 in 2003 by showcasing, in the international market, indigenous upgraded versions of 130MM and 105MM artillery guns, mine-protecting vehicles as well as various assault rifles.
But there are fears that any reform could be reduced to tweaking because the tax is so lucrative.
Dr Ravi Prakash's 250 vintage car collection includes J R D Tata's 1940 Buick Limousine and a Sunbeam-Talbot used by Lord Mountbatten.
Vikram Kothari, managing director of Rotomac Pens, is now fighting a battle that might be difficult to win.
'If we chose to do the right things, it is possible to avoid job losses at a mass scale,' ABB MD Sanjeev Sharma tells Raghu Krishnan.
Around two dozen flour mills with its maida supply dedicated to Nestle have stopped production.
'India is so poor that political parties will not be able to wipe out poverty from our country in another 100 years. I am of the opinion that development can come only through corporates.' 'Tomorrow, if Tata or Birla or Reliance takes up another 500 panchayats, it will boost the Indian economy also.' Sabu M Jacob, managing director of the Kitex group whose NGO Twenty20 has just won a panchayat election in Kerala, speaks to Shobha Warrier/Rediff.com
A series of explosions ripped through the production unit of the factory in Mohali (Punjab) at 2235 IST on Wednesday setting off the fire.
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
The railways is collaborating with various companies from Germany, South Korea, Japan and China to work out the fine prints.
The case pertains to alleged financial irregularities in supply of high-altitude tents worth Rs 22 crore to intelligence agency Research and Analysis Wing during 2009-13.
It is most unlikely that the US would take kindly to Indian claims of having shot down an F-16. There is too much commercial interest involved, says Col Anil Athale (retd).
Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
Hygienic owns Super Vasmol and Streax brands of hair colour products.
Automaker to shift 200-300 workers from its Pantnagar facility to handle increased manufacturing.
Jeeva lacks the unique touch that director Suseenthiran's works are generally associated with.
Betting big on the 'Internet of Things' as the third major wave in technology space, IT major TCS' chief N Chandrasekaran has said that going digital was no more an option, but a default now.
'As long as you are moving, it's all right.' 'You are going to fall, you are going to have to pick yourself up and sometimes, it will hurt.' 'Sometimes, you would just want to lie there and look at the fan.'
Naaigal Jaakirathai is a decent entertainer that portrays the heartwarming bond shared by a police officer and his adorable dog.
Lewis Hamilton has told his Mercedes Formula One team mates they are all 'legends' after completing a fifth successive constructor and driver title double in Brazil on Sunday
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