INDIAN TECH INDUSTRY
Hit by a virus and lockdown, the wheels are coming off the Indian logistics industry
A highly fragmented and unorganised industry, India’s logistics sector is in disarray because of disruptions caused by the nationwide lockdown. What will it take for the sector to find its feet after being battered by Covid-19?
Shutdown has given time to bring in resources, tech: K Vijay Raghavan, Principal Scientific Advisor
We are learning about Covid-19 daily from...
Lots of jobs at risk, industry revival will depend on stimulus: Puneet Chhatwal
I am cautiously optimistic that we will have a solution in 2-...
Unique challenges facing the packaging industry in light of COVID-19
A few weeks ago I was asked at a meeting, “Sachin, what is one of the biggest challenges in the packaging industry?” Honestly, I hadn’t anticipated my respon...
10-day extension of BS-VI deadline unlikely to do 'any good' to auto industry: Report
"While the industry players were looking for a three-month extension (till June 30), the 10-day extension post the lockdown by the Supreme Court is not expected to do any good to the industry given the current situation due to COVID-19 (the disease caused by coronavirus)," ratings agency CARE Ratings said in a report.
Indian market to do better than global markets in next 3 months: Nirmal Jain
I will bet my money on the recovery of Indian stock market, says Chairman of IIFL Group.
Mukesh Ambani donates additional Rs 500 cr to PM's emergency fund; tops Covid-19 hospital, free food and fuel with Rs 500 cr aid to PM's CARES Fund
The billionaire already built the country's first COVID-19 hospital, and offered fuel to emergency vehicles carrying patients.
Lockdown crimps Bengal, Assam tea production 10%
Industry executives said that new leaves, due for plucking, were left untouched since March 22 after the lockdown took effect.
Buy L&T Tech Services, target price Rs 1,290: ICICI Securities
The brokerage has upgraded L&T Technology Services from “add” to “buy” with a revised target price of Rs 1,290 based on 15 times March 22E EPS (earlier 18 times December21E EPS).
RIL extends Rs 500 crore to PM Care, Rs 5 crore to Maharashtra, Gujarat each
Last week, RIL had announced a detailed plan to support India's fight against Covid-19, which includes medical help through its hospital, healthcare facilities using the Jio platform, and providing free fuel for all emergency service vehicles, and a donation of Rs 5 crore to Maharashtra's Chief Minister's Relief fund.
March Mayhem! Sensex, Nifty tank 25%; FIIs offload over Rs 1 lakh crore
Sensex plummeted 9,000 points to 28,440 till March 30, while Nifty lost 2,900 points to 8,281.
Sensex jumps 560 points, Nifty near 8,450 on firm global cues
Among bluechip stocks, Tata Steel was the biggest gainer, jumping 3.48 per cent.
TCS again becomes most valued Indian firm by market cap
At close of trade on Friday, the market capitalisation of TCS was at Rs 6,82,408.68 crore, which was about Rs 6,959.73 crore more than that of RIL's.
COVID-19: Take care of employees, workers, says Goyal to industry
Commerce and industry minister Piyush Goyal appreciated industry’s efforts of ramping up the capacity of essential commodities, particularly the ventilators.
Indian Industry seeks 10-point boost plan from govt for the exporters effected by coronavirus
The plan drawn up by the Confederation of Indian Industry (CII) covers everything from extending the 5% interest subvention scheme to all exporters to one-time extensions of customs duty payments and filing bill of entry. Exporters suggest that consignments which are ready for shipment should be allowed to be transported from the manufacturer’s factory or warehouse to the customs facility.
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