Tag: Covid-19 impact

Covid-19 impact: FPIs pull out Rs 7,622 cr from Indian markets in April

NEW DELHI: Overseas investors withdrew a net Rs 7,622 crore from Indian markets in April so far as a surge in COVID-19 cases and the consequent restrictions imposed by various states dent investors’ sentiment. According to the depositories data, overseas investors pulled out Rs 8,674 crore from equities, but invested Rs 1,052 crore in the […]

Covid-19 impact: Ford announces closing of Brazil manufacturing operations

NEW DELHI:Ford Motor has said it will close three plants in Brazil and stop producing automobiles in the South American country. The company said in a statement on Monday it will cease production immediately at the factories “as the COVID-19 pandemic amplifies persistent industry idle capacity and slow sales that have resulted in years of […]

Upcoming G20 summit to be a milestone, will address Covid-19 impact: Saudi Arabia

NEW DELHI: The upcoming summit of the G20 will be a “milestone”, Saudi Arabia, the chair of the powerful economic bloc, said on Sunday amid mounting expectations of fiscal support, debt reductions and several other monetary measures by the grouping to help the global economy recover from the coronavirus-driven collapse. Saudi Arabia’s Ambassador to India […]

Covid-19 impact: PE investment in real estate down 57% in January-September at $2.3 billion

NEW DELHI: Private equity (PE) investment in Indian real estate fell 57 per cent year-on-year to around USD 2.3 billion during January-September this year as investors remained cautious due to COVID-19 pandemic, according to a Knight Frank report. The PE investment in real estate stood at USD 2,308 million during January-September 2020 as against USD […]

Covid-19 impact: Air India suspends contract of around 200 employees

NEW DELHI: Air India on Thursday temporarily suspended the contracts of around 200 employees including pilots, who were re-employed after retirement, as all domestic and international commercial passenger flights have been suspended in the country till April 14 to curb the COVID-19 pandemic, a senior official said. “Since almost all the planes have been grounded […]

Back To Top