The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
'The heart is to honour all who have been struck by Covid and the map signifies that as a country, we can win this together.'
The year saw India's biggest corporate fraud, falling earnings, stock market crash, job losses and soaring food prices which hit the common man
Third attempt to get more buyers, property market still quite depressed.
'Hathras, Muradabad, Trichur, Salem, Madurai, Aligarh and Kanpur are cities where we are expecting and in some cases have seen new buyers come from.'
Capillary Technologies building AI-backed products to empower offline retailers
Till 1995, about 500,000 people were engaged in the sector despite facing serious problems like low productivity, inadequate working capital, weak marketing line and competition from the mill sector. But today the number has come down drastically to less than 200,000 with more than 50 per cent of the cooperative societies closing down in the last decade.
Following their passion paid off for Harsh Jain and Bhavit Sheth with their fantasy sports platform Dream11 entering the unicorn club with a valuation of over $1 billion.
The study, 'Trade and trade diversion effects of United States tariffs on China', shows that the ongoing US-China trade war has resulted in a sharp decline in bilateral trade, higher prices for consumers and trade diversion effects -- increased imports from countries not directly involved in the trade war.
The International Polytechnic for Women, South Extension, New Delhi, invites application for admission to various vocational training courses.\n
In the 12-18 month time frame, these cyclicals are likely to recover. And they're relatively cheap.
The state has proposed the creation of the Pithampur-Dhar-Mhow mega industrial region over at least 200 square km, where an apparel park, a gem & jewellery park, a software technology park, a herbal park and clusters for pharmaceutical firms, textiles, food-processing and auto components will come up.
As Kerala gets into the festive mood, police are maintaining tight vigil with the army receiving information that there may be a terror attack in southern parts of the country.
Investor Rakesh Jhunjhunwala and his family's net worth in listed companies surges in the recent bull run.
Although domestic cotton production in 2007-08 is expected to be good, global productions are predicted to fall.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
True Blue, a menswear label that Arvind has created with cricketer Sachin Tendulkar, is being extended into an exclusive traditional apparel brand for men called True Blue Handcrafted.
De-scaling of businesses, job losses and subsequent impact on disposable incomes has created negative sentiment among traders, business owners and workers alike, says Abhishek Waghmare.
The news that Welspun has run into trouble with one of its biggest US-based clients has stressed its suppliers and investors alike
Last year, the institute sent a three-person team from its textile engineering, school of business administration, and science and health department to study the market potential and feasibility.
'With this amendment, permanent employees will cease to exist.' 'The government should give a human touch and human face to labour reforms.' 'Ideas like survival of the fittest, might is right, etc, are rules of the jungle.' 'They cannot give new terms like hire and fire to jungle law.'
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
Hit by the dollar-debasement, the Indian handmade carpet industry is all set to de-risk business by embarking on a new mission: That of looking beyond the US market and expanding its footprint in Europe.
Having survived the imported Chinese toys that nearly killed the Indian toy industry, the Rs 2,000-crore (Rs 20 billion) domestic toy industry has come a long way.
In a sectoral analysis of exports, the Confederation of Indian Industries said India needs to become among the top three exporters in the world in four sectors -- textile, leather, gems and jewellery and engineering. It said exports to new markets of Latin America and Caribbean and Africa should be given a push for achieving the $500 billion by 2013.
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Depreciating rupee a silver lining for some businesses amid the economic downturn.
Exim Bank of India Chairman and Managing Director T C Venkat Subramanian revealed that the bank has good exposure in highly export-intensive sectors. The bank has seen considerable increase in loan approvals and profit after tax. It provides financing both in foreign currency and Indian rupees. The bank will push exports from rural areas and explore untapped areas. Subramanian believes microfinancing model was ideal for villages as it reaches the indigenous rural people.
Off-season sales, when shopping malls and high streets buzz with tempting offers of up to 70 per cent discounts on your favourite brand of shirts, jeans or even home textiles
For many the resumption of trains is a big boon, but some say it doesn't come without confusion and worries
'Fear psychosis has gripped the entire world.' 'Nobody is going to enter shops freely in the next 5, 6 months.' 'Secondly, the priority has changed.' 'Now that they have seen the bottom of the economy, people will prefer to save for tomorrow.'
Pearl Academy of Fashion announces admission for Short Term Certificate Programmes for August 07
'If the mandis were not working in Delhi, or the onion market in Nashik got affected, or there were disruptions because of unloading or loading in any sector in south India, we intervened.'
'Trump's sparring with China is good for business,' Raymond's CMD tells Pavan Lall.
According to nCore Games, FAU-G will be based on real scenarios encountered by the Indian security forces to deal with both domestic and foreign threats, with its first level set against the Galwan Valley backdrop. The start-up is planning to monetise the venture through in-game purchase where people will be able to buy better items in the game like better armour for an enhanced gaming experience.
Another PSU has entered the arena of bullion Futures market. In a recent development, the Handicrafts & Handlooms Exports Corporation of India, a PSU under the ministry of textiles, has started hedging in bullion metals at the Multi Commodity Exchange. According to the PSU officials, it has hedged Rs 13 crore in gold and silver over the last one month.
Buckling under pressure from mill land developers, the Maharashtra government is considering reducing the value of textile mill lands in its Stamp Duty Ready Reckoner
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
By 2022, the entire job landscape would undergo drastic change.
The Coimbatore suburb has been growing significantly due to strong economic policies, says Naveen Nandwani.
