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Tags : "covid-19 impact"

SAIL discloses Covid-19 impact on financials at Rs 771.76 crore

Mumbai: State-owned steel manufacturer, Steel Authority of India (SAIL) has said that the impact of Covid-19 in the financial results of FY 2020 was Rs 771.76 crore on account of fall in the net realisable value of inventories. “Operating plants at sub-optimal levels, lack of domestic demand for steel in the country, and un-remunerative prices […]Read More

India’s economic recovery more likely to be ‘U’ or ‘W’

NEW DELHI: India’s economic recovery is more likely to be a ‘U’ or ‘W’ shaped rather than ‘V’ as the impact of COVID-19 will be profound on a nation that was already struggling for growth prior to the pandemic, analysts said. “Before the onset of COVID, Indian economy had slowed down to 4.5 per cent […]Read More

Global regulators’ body calls for fair disclosure by listed firms

New Delhi: Global body of capital market regulators IOSCO on Friday called for fair disclosure by all listed companies about the impact of COVID-19 on their operating performance, financial position and future prospects to help investors take informed decisions. The International Organization of Securities Commissions (IOSCO) said in a statement it is important for investors […]Read More

Telangana imposes Rs 1,000 fine for no mask in public

HYDERABAD: After making wearing a mask in public places mandatory, the Telangana government has issued orders imposing Rs 1000 as fine for those not complying with it. “In order to prevent transmission of COVID-19, it shall be mandatory for everyone to wear a face cover/mask in public places. Each violation shall attract a fine of […]Read More

It’s everyone’s collective duty to help, protect health workers: Priyanka

NEW DELHI: Congress chief Priyanka Gandhi Vadra mentioned on Sunday that it’s everyone’s collective duty to assist and protect health staff who’re within the frontline within the battle towards COVID-19. In a tweet utilizing hashtag ‘WeAreProudOfYou’ she urged individuals to ship their message to these “brave warriors”. हमारे डॉक्टर्स, नर्सिंग स्टाफ, टेक्नीशियन, सफाईकर्मी कोरोना के […]Read More

Coronavirus attack to slow down IT growth

Bengaluru | Mumbai: India’s large IT companies corporations will see a major slowdown in growth throughout this monetary yr as they grapple with the upheaval wrought by the Covid-19 pandemic, in accordance to analysts. Top software program exporters – Tata Consultancy Services, Infosys and HCL Technologies — shall be impacted by the decreased know-how spending […]Read More

COVID-19: Foreign trade policy may get extended

NEW DELHI: The authorities is prone to lengthen the prevailing Foreign Trade Policy by six months to September 30 within the wake of the Covid-19 outbreak. A choice is anticipated in a few days, officers mentioned. “There is a request to extend the extant policy from many export promotion councils; we are looking at it,” […]Read More

COVID-19: Government ropes in DMs for 15-day district-level surveillance plan

NEW DELHI: The Centre has directed district magistrates of all of the districts in the nation to observe a 15-day surveillance plan by enlisting all Covid-19 optimistic instances in every district and ensuring all their contacts are beneath surveillance. Also, district and state-level management rooms for Covid-19 have been arrange in 30 states and Union […]Read More

COVID-19: PMO asks Union ministers to file daily report on

NEW DELHI: The Prime Minister’s Office has directed Union ministers to file a daily report on numerous measures being taken to comprise the unfold of COVID-19 resembling quarantine and healthcare amenities, as additionally steps taken to deal with the impression of the lockdown, together with availability of important objects. All Union ministers have been assigned […]Read More

COVID-19: Indian’s economic growth likely to decline by 200 bps

NEW DELHI: India’s economic growth is likely to decline by 2 proportion factors in the subsequent monetary 12 months due to the affect of coronavirus pandemic and the resultant 21-day countrywide lockdown, former finance minister Yashwant Sinha stated on Friday. In an interview to PTI, Sinha stated India was already going through excessive unemployment and […]Read More