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Latest Articles in second wave

Retail Sales Decline 79 % In May Over Pre-COVID Levels In 2019: Report

Food and grocery, however, was the best among the categories with a decline of 34 per cent as compared to May 2019, while the quick service restaurants witnessed a dip of 70 per cent.

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Retail Loan Repayments See Sharp Decline Across Structured Fin Pools In April: Report

Housing loans and loans against property have remained the least impacted and most resilient as was seen last fiscal given the association of the borrower with the underlying collateral and the priority given by borrowers to repay such loans

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Cement Offtake Down By 25% In Apr-Jun, Pent Up Demand To Drive Sales In Q2: ICRA

While in January-March quarter of FY2021 cement companies witnessed an increase in sales volumes by 23 per cent Y-o-Y to 73 million MT.

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Watchful Of Situation But Confident Of Long-Term Growth Prospects Of FMCG Sector: HUL CMD

HUL is also investing in building capabilities for e-commerce and modern trade channels as consumer shopping behaviours is shifting towards e-commerce.

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Crisil Cuts FY22 Growth Projection To 9.5 % On Hit To Pvt Consumption, Investment

The rating agency joins other watchers who have cut their FY22 growth projections, with some pegging it as low as 7.9 per cent.

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Crisil Fears Large Cos To Benefit From RBI Sops For Contact-Intensive Sectors

Rescheduling of loan repayments under the restructuring 2.0 window will provide interim relief to these companies against such liquidity shocks

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India Gets 8 New Flying Training Academies

This initiative will help the Indian flying training sector in becoming more self-sustaining under the Atmannirbhar Bharat initiative.

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SCAI Seeks Various Relief To Deal With Second Wave Of COVID-19

'Our floor marshals are there all the time to ensure that people are not gathering and we have deployed manpower to ensure that the hygiene and safety are maintained,'

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Kotak Pitches For Fiscal Package To Deal With COVID-19 Impact

The government had announced the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) as part of the Atmanirbhar Bharat package.

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COVID-19 Impact: Many Startups, MSMEs Stare At Closure, Says Survey

As per the report by Local Circles as many as 59 per cent of startups and MSMEs surveyed likely to scale down, shut down or sell themselves this year as they are facing a liquidity crunch.

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Second Covid Wave To Impact On Vehicle Financiers' Asset Quality: Report

The strengthened capitalisation, and sizable on-balance sheet liquidity, and holding of margin due to a funding cost improvement in the last year would provide some buffer to absorb incremental stress because of the second wave

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Second Wave: HDFC Bank Concerned Over Retail Asset Quality In Near-Term

The ongoing second wave has gone deeper into the rural areas, impacting people who were otherwise insulated, and it has consumed more lives than the first as well

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The Second Wave: A Reality Check

The public and private sectors need to work together to ramp up facilities, provide medical support, vaccinate quickly and support each other

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RBI To Transfer Rs 99,122 Crore As Dividend To Govt

The RBI had transferred Rs 1.76 lakh crore which included Rs 1.23 lakh crore as dividend and Rs 52,637 crore excess provisions identified as per the revised Economic Capital Framework (ECF).

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April Headline Numbers Deceptive; Economy In Trough As Consumer Sentiment Already Hit: Report

The optimism generated by this trend is limited, as eight of the 13 non-financial indicators in April remained below their pre-COVID-19, i.e. at April 2019 levels

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