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Covid-19 lockdown: Delhi’s wholesale markets open to labour shortage, broken demand-supply chain, closed border

by pallanus | Jun 2, 2020 | Business News

Battling the coronavirus scare, wholesale markets in the national capital restarted full-fledged trading on Tuesday, but they face a labour shortage and stare at an uphill task of repairing the broken demand-supply chain. The markets opened after the Delhi government...

If flexed, China’s “rare” muscle can cripple global industry

by pallanus | Jun 2, 2020 | Business News

As China takes an aggressive posture with India in Ladakh and with its neighbours in the South China Sea amidst a raging diplomatic war with the United States, Beijing’s monopoly over a rare lifeline to the modern industry may become a cause of international...

Indian carmakers offer teasers as RBI softens stance: Sources

by pallanus | Jun 2, 2020 | Business News

Carmakers Maruti Suzuki , Hyundai and Mercedes Benz are offering buyers “teaser loans”, a move sources said followed a softening of the Indian central bank’s stance on the products in the face of a coronavirus crisis induced economic slump. Although...

Urban unemployment rises once again in last week of May

by pallanus | Jun 2, 2020 | Business News

India’s urban unemployment saw an increase of about 2.5 per cent between May 24 and 31, data released by a think-tank has said. FILE PHOTO: Job seekers fill up forms as others line up for registration during a job fair in Chinchwad, India February 7, 2019....

IndiGo parent posts quarterly loss as costs rise, flags pandemic hit

by pallanus | Jun 2, 2020 | Business News

Interglobe Aviation Ltd, which had been grappling with higher maintenance costs at the carrier amid slowing demand, was forced to halt all operations as India went into a lockdown in March to curb the spread of the coronavirus. File photo: Reuters The parent of...
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