Hotels, hospitality sectors severely impacted by COVID-19 pandemic: JLL
NEW DELHI: The hotels and hospitality sector in India has declined sharply in the first quarter of 2020, as the COVID-19 outbreak impacts various segments of the sector, according to global real estate consultant JLL. Coming off a high performance base in 2019, the COVID-19 outbreak and the containment measures introduced by the government have […]
Indus Towers contributes Rs 35 crore to PM-CARES Fund
NEW DELHI: Indus Towers has contributed Rs 35 Cores to the PM-Cares Fund, as a committed partner in supporting the country’s fight against COVID-19. Additionally, Indus Towers’ teams on the frontline are playing a crucial role in enabling essential services of keeping India and society at large seamlessly connected through the mobile towers. It is […]
Singapore COVID-19 lockdown extended till June 1
SINGAPORE: Singapore Prime Minister Lee Hsien Loong announced on Tuesday that the partial lockdown imposed in the city-state to curb the spread of the novel coronavirus has been extended until June 1. This means that more workplaces will be closed to further reduce the number of workers keeping essential services going, reports The Straits Times. […]
Country Delight provides uninterrupted milk supply amid coronavirus lockdown
NEW DELHI:In midst of frozen supply chain infrastructure during the national lockdown, Country Delight, a leading door-step milk delivery platform has successfully been able to keep up its deliveries even as each day brings up new challenges. The company is successfully delivering Milk and other dairy essentials everyday to the households without a single-day miss. […]
Coronavirus Lockdown in Telangana extended to May 7
NEW DELHI: The Telangana government Sunday decided to extend the lockdown till May 7 and not to give any relaxation. Chief Minister K Chandrashekhar Rao made the announcement Sunday night after the cabinet meeting. The state had earlier extended the lockdown till April 30. Though the Centre subsequently extended the nation-wide lockdown by May 3, […]
Amazon, Flipkart can’t deliver non-essentials during coronavirus lockdown, MHA changes rules
NEW DELHI: The government of India on Sunday revised its lockdown guidelines which allowed e-commerce companies to operate fully and even sell non-essential items to customers during the lockdown. As per the Ministry of Home Affairs (MHA), “Supply of non-essential goods by e-commerce companies to remain prohibited during lockdown.” MHA issued an order to exempt […]
First time in 250 years, Mumbai’s iconic Ramzan food market to be off menu
MUMBAI: What blood-thirsty terrorists couldn”t succeed in doing, the invisible coronavirus pandemic has achieved. For the first time in its nearly 250 years history, Mumbai”s world-renowned and iconic ”Mohammed Ali Road street food bazaar” is poised to wear a deserted look this Ramzan month, starting April 23. Incidentally, it was working normally even after the […]
Walmart to hire 50,000 more workers in coronavirus-driven hiring spree
NEW DELHI: Walmart Inc (WMT.N) said on Friday it would hire 50,000 more workers at its stores, clubs and distribution centers to meet a surge in demand for groceries and household essentials from consumers stockpiling during the coronavirus outbreak. The retailer said it had reached its earlier target of hiring 150,000 workers six weeks ahead […]
Rahul Gandhi thanks Narendra Modi government for changing FDI norms after his warning
NEW DELHI:Congress leader Rahul Gandhi thanked the government on Saturday for amending the foreign direct investment (FDI) policy after his warning on takeover of Indian companies by foreign players during the COVID-19 crisis. “I thank the Government for taking note of my warning and amending the FDI norms to make it mandatory for Government approval […]
U.S. announces $19 billion coronavirus aid for farmers, food buys for poor
By P.J. Huffstutter, Karl Plume CHICAGO: USA President Donald Trump on Friday announced a $19 billion relief program to help U.S. farmers cope with the impact of the coronavirus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products. The U.S. Agriculture Department is partnering with regional and […]
RBI announces measures to preserve financial stability,help put money in hands of needy and disadvantaged
NEW DELHI: “…In the midst of death life persists, in the midst of untruth truth persists, in the midst of darkness light persists.” – Mahatma Gandhi, during his famous Kingsley Hall, London address in October 1931. It is with these words that the Governor of the Reserve Bank of India (RBI) Shaktikanta Das began his […]
Aviation sector to take 6-24 months to recover from COVID-19 blow: Survey
NEW DELHI: The aviation industry may take between six months to two years to recover from the severe blow dealt by the coronavirus pandemic, according to a survey carried out by global consultancy ICF. The survey, conducted among senior and mid-level executives from across the world between late March and early April, also revealed that […]
E-commerce platforms to sell mobiles, TV, fridge after April 20 amid lockdown
NEW DELHI: Mobile phones, televisions, refrigerators, laptops and stationary items will be allowed to be sold through e-commerce platforms like Amazon, Flipkart and Snapdeal from April 20 during the lockdown, officials said on Thursday. The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for […]
Infrastructure sector activity declines 43% in FY20 following March lockdown: Report
NEW DELHI: Infrastructure sector activity witnessed a decline of 43 per cent in FY20, following financial troubles at the national road builder NHAI and the massive contraction in March due to the lockdown, according to a report. The problem was more pronounced in the final quarter of the year, as the government contracts came to […]
Creditors may offer debt relief to virus-stung poor countries
Major international creditors will suspend debt payments this year for the world’s poorest countries, who will be hit hardest by the rapidly spreading coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s. French Finance Minister Bruno Le Maire said 76 countries, including 40 in sub-Saharan Africa, would be eligible […]
India issues fresh guidelines for coronavirus lockdown 2.0
NEW DELHI: Fresh guidelines were issued by the government of India on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period. Inter-state, inter-district movement of people, metro, bus services continue will be prohibited till […]