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Indian automakers bleed as lockdown continues, zero domestic sales in April

Indian automakers bleed as lockdown continues, zero domestic sales in April

by pallanus | May 27, 2020 | Business News

Zero. That’s the combined domestic vehicle sales reported by top automakers in India for the month of April. All major carmakers operating in India — Maruti Suzuki, Mahindra and Mahindra, Hyundai, MG Motor and Toyota Kirloskar — reported zero domestic...
Markets bleed: Key factors that triggered Sensex, Nifty crash

Markets bleed: Key factors that triggered Sensex, Nifty crash

by pallanus | May 4, 2020 | Business News

Domestic markets suffered the sharpest slump in weeks after both Sensex and Nifty tanked on Monday. At around 12 pm, BSE Sensex was trading lower by 1,715 points, barely holding on above the 32,000-mark. NSE Nifty was also down over 5 per cent or nearly 500 points at...
Covid-19 pandemic to make Asian economies bleed if situation deteriorates: World Bank

Covid-19 pandemic to make Asian economies bleed if situation deteriorates: World Bank

by pallanus | Mar 31, 2020 | Business News

The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday. The bank said precise growth forecasts were difficult, given the rapidly changing...

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  • Core sector output contracts by record 38.1% in April owing to coronavirus lockdown
  • GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%

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