Retail sector loss reaches Rs 5.50 lakh cr in lockdown: CAIT
Following these challenging times, CAIT has urged the government to award a substantial package to traders to ensure their survival. COVID-19 has caused a huge dent in retail trade which will have a devastating effect on the whole country, CAIT Secretary-General Praveen Khandelwal said.
COVID impact: Millions of mom and pop store could go out of business, says retail body
Lockdown could see at least 20% of Indian retailers collapse or wind up their business in next few months. “Ever since the lockdown was imposed on 24th March, the Indian retail sector has lost a gigantic sum of approximately Rs 5.50 lakh crore in this period and is likely to witness at least 20% of Indian retailers collapse and wind up their businesses in the next few months,” CAIT said.
Lockdown 3.0: People turn to e-commerce for non-essential items; staff crunch may delay deliveries
From laptops to apparels, people are logging on to e-commerce platforms like Amazon, Paytm Mall and Snapdeal to place orders for non-essential items, but lack of adequate manpower amid the lockdown could delay deliveries.
E-commerce firms seek clarity on equalisation levy
They also suggested that the levy should not be imposed on services or goods that are executed online but delivered offline – for instance, online hotel bookings, air ticketing and even heavily regulated financial services – besides seeking a clear definition of what comprises online sale of goods, services and the digital or electronic platform.
Top multinationals from HUL to Apple brace for rising online sales post Covid-19
LG, Samsung, Vivo and Xiaomi are also rolling out hyperlocal sales platforms that will connect their offline stores to consumers searching products online so that the outlet nearest to the consumer can deliver the order, industry executives said.
Retailers being offered rebates on rents
Brigade Malls in Bengaluru is extending a 50% rebate on rent to its tenants from mid-March until its two malls reopen. Phoenix High Street Mall in Mumbai is giving retailers the option of paying March-June rents together in July, according to two top retail executives.
CBSE Board exam evaluation to be done at home by teachers
The evaluation for class 10, 12 Board exams will be done by teachers at their homes and 3,000 schools have been identified as exam centres to deliver
DDoS attacks surge on educational, civic bodies websites
As people confine themselves to their homes in the lockdown, hackers have increased focus on the targets that they can profit on.Cyber security expert
How R&D spends make Alembic Pharmaceuticals a good buy
Aggressive capex, manufacturing capabilities for US and a change in domestic strategy make the stock attractive
‘Europe needs a break’: EU plans to restart travel and tourism despite coronavirus threat
EU states should guarantee vouchers for travel cancelled during the coronavirus pandemic and start lifting internal border restrictions in a bid to s
Motilal Oswal Focused 25: Credible show in tough times
The large-cap-oriented fund has contained losses well in these difficult market conditions
Q4 results: ICICI Bank net profit up 26% to ₹1,221.36 crore
The net interest margin was the highest ever at 3.87 per cent in the fourth quarter
Twitter rolls out ‘schedule tweet’ feature for select users
Twitter is allowing a few select users to schedule their tweets on its desktop app.The feature was first spotted by The Next Web who reported that a f
Congress asks Telangana to bring back migrant labourers stranded in Gulf
The Congress Party has asked the Telangana Government to bring back the migrant labourers stranded in the Gulf countries.Addressing a press conference
TN Govt forms high-level panel under C Rangarajan to assess Covid-19 impact
Tamil Nadu has constituted a high-level committee under the Chairmanship of former Governor of Reserve Bank of India, C Rangarajan, to advise the gove
Yogi Adityanath reviews Covid-19 situation in Uttar Pradesh
Uttar Pradesh Chief Minister Yogi Adityanath chaired a high-level meeting of State government officials at his residence in Lucknow, to review the si
Concor re-starts direct service linking Hyderabad terminal with PSA’s Chennai
Rail rises to the occasion as trucks were off roads due to lockdown
Big Story | Has Covid-19 made matters worse for road construction companies?
Road construction companies expected a smooth road in 2020, but the coronavirus-induced lockdown has thrown fresh challenges their way. So, what lies ahead for the companies?
Trump administration working to temporarily ban work-based visas: Report
The US is working to temporarily ban the issuance of some work-based visas like H-1B, popular among highly-skilled Indian IT professionals, as well
Naval ship carrying 700 Indians stranded in Maldives to arrive on May 10
This is the Indian Navy’s first massive evacuation exercise during the Covid-19 lockdown.
WHO to develop coronavirus app for self-assessment; likely to add contact tracing features
The World Health Organization (WHO) is planning to launch a new coronavirus app to enable people from under-resourced countries to self-assess their s
LG Polymers says vapour leak caused accident at Vizag plant
LG Polymers India Ltd on Saturday blamed leaking vapour from a storage tank at its Visakhapatnam plant that killed at least 11 people and forced th
Mahindra Holidays posts ₹161.50 cr loss in Q4
Mahindra Holidays & Resorts India Ltd on Saturday reported a consolidated loss after tax of ₹161.51 crore for the fourth quarter ended March 20
India tops the charts for Zoom downloads in April: Report
India was the biggest market for Zoom in April in terms of downloads according to Sensor Tower.According to a report by GadgetsNow, the video-conferen
Karnataka AAR ruling: While head tonsuring attracts GST, temple prasadam out of its ambit
Authority for Advance Rulings (AAR) of Karnataka in its recent ruling mentioned that services for fees collection for tonsuring the heads of devotees,
Death toll due to Covid-19 rises to 1,981; cases climb to 59,662
The death toll due to Covid-19 rose to 1,981 and the number of cases climbed to 59,662 in the country on Saturday, registering an increase of 95 death
Tasmac shop closure: Tamil Nadu moves SC against Madras HC’s order
The Tamil Nadu government moved the Supreme Court challenging a Madras High Court order for closure of state-run liquor outlets on Saturday on the gro
Hacker ‘bombed’ child sexual abuse images on Zoom app
At least sixty children were subjected to footage of child sexual abuse streamed into their fitness session on the Zoom video conference app. The clas
ICICI Bank’s mobile ATM services at doorstep of Coimbatore residents
Mobile ATM stationed at Perianaickenpalayam and Vadavalli
4 Ed-Tech platforms elevating online learning amidst Covid-19
The global pandemic has resulted in schools being shut for nearly 3 months with no reopening in sight. The students in certain grades were promoted to
TNAU revamps its website
The redesigned and revamped official website of Tamil Nadu Agricultural University (TNAU) with the latest information of the activities of its college
After Samsung, Vivo and Oppo, Lava resumes production at Noida factory
Smartphone maker Lava has resumed production at its Noida factory after receiving permission from authorities to begin limited operations, the company
Spykar Lifestyles plans ‘forward’ for the period after the lockdown as spending has been hit
Homegrown denim-wear brand, Spykar, will look to conserve cash; while temporarily putting on hold expansion plans as it looks at the business re-boot
FM to review credit flow by PSBs on May 11
On Monday(May 11), Finance Minister Nirmala Sitharaman will hold a meeting with chief executives of Public Sector banks ( PSBs) and Chairman of State
There will be no delay in cotton seed distribution, says Maharashtra Agriculture Minister
In Maharashtra, there are enough supplies of cottonseed and there would no delay in seed disbursal to the farmers. Large-scale retail sales of the se
WhatsApp may soon allow users to use one account on multiple devices
Facebook-owned messaging service WhatsApp is currently working on a feature that will allow users to connect their WhatsApp account to multiple devic
Trump casts doubt on future of US-China trade deal
US President Donald Trump cast doubt on the future of his Phase-1 trade deal with China, one of the biggest accomplishments of his first term, saying
Vande Bharat Mission: Planes carrying Indians stranded abroad arrive in Chennai
As many as 359 people arrived in Chennai early on Saturday from Dubai in two Air India flights as part of the government’s Vande Bharat Mission to br
Here’s all you need to know about the Zoom app’s new update releasing today
Video-conferencing tool Zoom is releasing an update for its app today as part of its 90-day plan to enhance the tool’s security.In this new update, th
CEO’s reading list: May 9
It was an action-packed week for the economy, as the government and businesses began to map out the way ahead. Catch up on BL’s key stories on the sub
Hyundai restarts Chennai plant, rolls out 200 cars on Day 1
Hyundai Motor India Ltd on Saturday said its factory near Chennai rolled-out 200 cars on the first day of production restart on May 8. The company ha
Japan asks India to allow Japanese companies to resume work
Japan has asked India to allow Japanese companies to resume their work in India. This comes as India witnessed a surge in the number of coronavirus pa
Wuhan market had a role to play in coronavirus outbreak, more research required: WHO
The World Health Organization on Friday said that a wholesale market in Wuhan, China had played a role in the outbreak of the novel coronavirus in 201
E-healthcare platform Medlife goes multilingual to deepen its reach
The company will soon integrate Tamil, Telugu, Bengali, Malayalam, Kannada, Marathi, and Gujarati
Windows 10 May 2020 update likely to release between May 26-28
Microsoft has revealed that it plans to deliver a feature update (May 2020 Update) between May 26 and May 28, said a report in Windows Latest.Microsof
May ask for Central `manpower’ to give rest to police personnel: Uddhav
Maharashtra Chief Minister, Uddhav Thackeray on Friday said that State Government could ask the Centre for additional manpower for policing as the Mah