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With global trade stalling on COVID-19, shipments nosedive in April With the global trade coming to a near halt due to the COVID-19 pandemic, India’s merchandise exports nosedived over 60% in the last month to $10.36 billion from $26.07 billion in April 2019. Except for iron ore and drugs and pharmaceuticals, all other commodities saw a negative growth. As per […]
Read moreIndia only country among top 3 markets to see some growth India’s smartphone market grew 1.5% year-on-year to 32.5 million units in the January-March 2020 quarter, according to the data released by IDC. However, even though the pace of growth was tepid, India was the only country among the top three markets to see some growth. The IDC’s ‘Quarterly Mobile […]
Read moreThe company is commencing operations in a graded manner at three of its manufacturing plants — Gurugram, Dharuhera (both in Haryana) and Haridwar (Uttarakhand). The country’s largest two-wheeler maker Hero MotoCorp on May 4 said it has resumed operations across three of its manufacturing plants with actual product roll-out expected to begin from May 6. The company is commencing operations […]
Read moreMost MSMEs have opted for loan moratorium, say bankers The option of a moratorium on loan repayments that was announced by the Reserve Bank of India last month has mostly been availed by micro, small and medium enterprises while salaried class borrowers have, till now, largely refrained from availing the facility, bankers said. Last month, the RBI announced that banks […]
Read moreOPEC deal buys producers time: Analyst The PRICE Futures Group senior market analyst Phil Flynn on the world’s major oil producers finalizing a historic production cut. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below With billions of workers locked down by a global pandemic, President Trump has announced a […]
Read moreTrump believes Russia, Saudi Arabia are ‘close to a deal’ President Trump says he wants to prevent as many layoffs as possible in the oil industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Saudi Arabia and Russia may be talking but a deal to cut oil production has […]
Read moreBusinesses hit, client demand set to drop in Q2 as well Cognizant has decided to withdraw its revenue guidance for calendar year 2020 against the backdrop of fluid economic environment and COVID-19-driven market uncertainties. “The long-term fundamentals of our business remain strong. However, given the unprecedented nature of this crisis, uncertainty around its duration and its impact on our ability […]
Read moreTrump: New York pipeline blockage is causing higher energy rates President Trump says New York is burdened with more power outage and higher energy rates than neighboring states. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below A Canadian company said Monday that it’s started construction on the long-stalled Keystone […]
Read moreOver 95% of non-food retailers have shut shop since lockdown took effect About 80,000 jobs are expected to be cut by retailers due to the ongoing COVID-19 pandemic, according to a survey by industry body RAI. Retailers Association of India (RAI) had conducted a survey of 768 retailers, which employ 3,92,963 people across India, to gauge their view on the […]
Read moreTrump meets with oil company execs President Trump meets with oil executives and lawmakers at the White House in an effort to soothe the economic blow they have received from coronavirus and the ongoing disputes between Saudi Arabia and Russia. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Over […]
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