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Business News

Assam hikes liquor prices by 25 per cent

May 8, 20202 min read Lois C. Ferrara

GUWAHATI: Assam increase excise duty on Indian Made foreign Liquor (IMFL) by 25 percent. The state government affected changes in labours laws allowing working shift

Assam, cent, hikes, liquor, prices
Business News

coronavirus impact on flights: International passenger capacity for India reduced by 89 per cent in April due to COVID-19: UN

April 24, 20202 min read Lois C. Ferrara

United Nations: International passenger capacity for India reduced by 89 per cent so far this month due to COVID-19 pandemic as compared to a “business-as-usual”

April, capacity, cent, coronavirus, COVID19, due, flights, impact, India, International, passenger, reduced
Business News

More than 29 per cent of India’s cases can be attributed to Nizamuddin cluster: Lav Agarwal

April 18, 20201 min read Lois C. Ferrara

More than 29 per cent of India’s overall cases can be attributed to the congregation held in mid-March in Nizamuddin, Delhi, said Lav Agarwal, Joint

Agarwal, attributed, cases, cent, cluster, Indias, Lav, Nizamuddin
Business News

Passenger vehicle dispatches likely to decline by 10-12 per cent in FY21 : Icra

April 17, 20202 min read Lois C. Ferrara

New Delhi: Domestic passenger vehicle (PV) dispatches are likely to decline by 10-12 per cent in the current financial year due to COVID-19 pandemic, rating

cent, decline, dispatches, FY21, ICRA, passenger, vehicle
Business News

Economic growth may fall to 1.1 per cent this fiscal: SBI report

April 16, 20203 min read Lois C. Ferrara

India’s GDP growth may slide to 1.1 per cent in the current financial year, on account of the impact of coronavirus outbreak on the economy,

cent, economic, fall, fiscal, growth, Report, SBI
Business News

Lockdown: Bajaj Auto proposes 10 per cent pay cut for staff

April 16, 20202 min read Lois C. Ferrara

Mumbai: Bajaj Auto management has proposed salary cut for all employees with its MD Rajiv Bajaj himself to take 100 per cent pay cut for

auto, Bajaj, cent, cut, lockdown, pay, proposes, staff
Business News

Covid 19 pandemic drags demand for office space down by 30 per cent in Q1 2020

April 9, 20203 min read Lois C. Ferrara

BENGALURU: Net absorption of office spaces in India in Q1 2020 witnessed a decline of 30% from the peak observed in Q1 2019 due to

cent, covid, demand, drags, office, pandemic, space
Business News

India’s GDP may plummet to multi-decade low of 1.6 per cent in FY21: Goldman Sachs

April 8, 20203 min read Lois C. Ferrara

MUMBAI: Economic growth is likely to plummet to a multi-decade low of 1.6 per cent in fiscal year 2020-21 due to COVID-19 pandemic and ensuing

cent, FY21, gdp, Goldman, Indias, multidecade, plummet, Sachs
Business News

Air India pilot unions oppose 10 per cent cut in employees’ allowances

April 3, 20204 min read Lois C. Ferrara

MUMBAI: State-owned Air India’s pilot unions on Friday opposed the 10 per cent cut in employees’ allowances, terming the decision as “unequal” and that goes

Air, allowances, cent, cut, employees, India, oppose, pilot, unions
Business News

India Ratings cuts economic growth forecast for India to 3.6 per cent

March 30, 20203 min read Lois C. Ferrara

MUMBAI: Domestic credit rating agency India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid coronavirus-related worries. It has assumed

cent, cuts, economic, forecast, growth, India, Ratings

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