The company, which reports only retail sales figures, has recorded zero retail sales for the month of April 2020, as its showrooms were closed due to nationwide lockdown, MG Motor India said in a statement.
The company had zero sales in the domestic market in April 2020, MSI said in a statement.
There is a possibility of Indian cos becoming part of the consortium, in the past Gilead used voluntary licenses to rope in Indian cos to manufacture and launch HIV and hepatitis-C medications in low-middle-income countries (LMICs). There is a possibility of Indian cos becoming part of the consortium, in the past Gilead used voluntary licenses to rope in Indian cos to manufacture and launch HIV and hepatitis-C medications in low-middle-income countries (LMICs).
The nationwide lockdown has impacted the company#39;s cash flow position and the firm needs funds for its business continuity and growth over the next 12-18 months, Blue Star said in a regulatory filing.
The inspection for the facility was conducted by the US health regulator between February 3 and February 11, 2020, and concluded with two observations, the Mumbai-based company said.
As a gesture of appreciation towards doctors, the company along with its dealer partners will offer complementary engine oil service at its dealership service centres across the country
The worst is not over is perhaps the biggest warning for the global aviation sector, including that in India.
In the first phase, to enforce proper social distancing in airports and aircraft, only 30 percent of domestic and international flights will begin operations
Hinduja Group flagship firm Ashok Leyland on Thursday said the resumption of operations remains a challenge for the automobile industry despite the government#39;s permission to do so
Read what Mayank Gupta, CFO of Ecom Express has to say about challenges brought about by the Coronavirus pandemic.
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts#39; estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China.
Though essential goods and services are still being delivered, the massive dislocation of workers as a result of the surprise lockdown has left a huge question mark on the possibility of restarting factories.
Theory suggests that an increase in promoter holding is usually considered as a positive sign while a decrease is usually considered negative.
Private banks may sell shares to raise a cumulative Rs 35,000 crore
"Pursuant to the necessary approvals/advisories received from the relevant governments authorities, the company has resumed operations/despatches at all its five factories in India in a phased manner," KEC International said in a statement.
Southeast Asia#39;s biggest lender joined HSBC and Standard Chartered in provisioning higher credit losses to guard against the fallout from the crisis.
From producing an average of 2.19 million units a month in FY20 these factories were brought to a complete halt in April
Having internally developed the active pharmaceutical ingredients (API) and the formulations for the product, the company filed the product for clinical trials with the DCGI and has received approval for conducting the trial on mild to moderate patients, Glenmark Pharmaceuticals said in a statement. Favipiravir, manufactured under the brand name Avigan by a unit of Japan#39;s Fujifilm Holdings Corp and approved for use as an anti-flu drug in the Asian island country in 2014, has been effective, with no obvious side-effects, in helping coronavirus patients recover, a Chinese official told reporters at a news conference last month.
Hexaware suspended the guidance of 15-17 percent it gave at the beginning of the year as the back of COVID-19
The partnering of these two powerful platforms will not only give rise to richer consumer experiences, but also open up access to the Digital Indian dream for 400 million consumers.
The digital currency is now up 30 percent from its March lows, outperforming the likes of SP 500 (25 percent), Nifty (27 percent) as well as most other major markets.
Exporters also said that some states had not allowed industry to reopen even in ‘green zones’ and others were yet to issue standard operating procedures in this regard.
The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.
The project is aimed at gathering information about the spread of the illness, assessing the emergency response and communication trends during the crisis, and tackling misinformation.
Import-dependent luxury carmakers bear the brunt of the Rupee slide
After the market close, SP lowered its credit rating for Boeing to BBB-, one step above junk, saying that earnings and cash flow over the next few years are likely to be lower
A third of two-wheeler sales also at risk and tactical moves are needed once lockdown is lifted, it said
Banks have built internal capacities for assisting companies, including micro, small medium enterprises (MSMEs). The preparations reflect Boeing#39;s confidence that it can tap the capital markets to strengthen its finances, even as the largest US planemaker weighs seeking government aid.
Only essential items can be manufactured and sold during the nationwide lockdown.
Musk has an option to purchase 1.7 million common stock of Tesla at $350.02 apiece if the company achieves this key milestone
Ajay Singh, Chairman and Managing Director, SpiceJet, said, “With the addition of Kuala Lumpur to our international cargo network, SpiceJet is now operating regularly to over fifteen international destinations carrying essential and medical supplies."
But the pilots will be paid for flying cargo flights
Axis Bank CEO Amitabh Chaudhry said that the retail part of the business was practically shut and that no one is borrowing.
Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332.
India should plan for a negative growth to combat the #39;economic deluge#39; caused by the coronavirus outbreak, says Subramanian. The approval granted by the United States Food and Drug Administration (USFDA) to Glenmark Pharmaceuticals Inc., USA, is for the strength of 10 mg/5 mg tablets, the generic version of Qtern tablets of the same strength of AstraZeneca AB, the company said in a statement. Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332.
Due to social distancing norms, the lockdown and expected decease in consumer spending, alcohol and cigarette companies are likely to face a major challenge moving forward. Axis Bank CEO Amitabh Chaudhry said that the retail part of the business was practically shut and that no one is borrowing.
The company source said the type of creditor protection under consideration would require the company to be still solvent, with management staying on to oversee a restructuring.
The companies have been forced to dig into their cash reserves to pay salaries, settle vendor bills and dealer payments and interest on loans.
The Hinduja Group operates in various industries including automotive, oil and speciality chemicals as well as banking and finance. It runs private sector lender IndusInd Bank in India. Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332.
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The impact of the pandemic on trade and investment among the member nations of the BRICS (Brazil-Russia-India-China-South Africa) was discussed at a video-conference of foreign ministers of the five countries.
But added it had enough money despite the crisis to last the rest of 2020. Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332.
