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Bajaj Auto Extends Free Service Period Of All Models Till July 31

BW Online Bureau

Companies & Markets Sector Reports

The extension of the free service period is applicable on all two-wheelers and commercial vehicles

COVID Impact: Passenger Vehicle Sales In India Dip 10 % Month-On-Month In April

BW Online Bureau

Companies & Markets Sector Reports Auto

Vehicle sales across categories declined by 30 per cent to 12,70,458 units last month, as against 18,19,682 units in March.

Ola To Start Doorstep Delivery Of Oxygen Concentrators To Consumers

BW Online Bureau

Companies & Markets Sector Reports

Software firm Intuit is undertaking a slew of steps, including setting up a donation matching campaign where employees can contribute to the relief efforts and their contribution will be matched by Intuit 2:1.

Vaccination Only Way Forward As COVID Infections Surge In Rural Areas: Report

BW Online Bureau

Companies & Markets

The second wave of the pandemic has led the country begging for global aid in terms of money, medical oxygen and life-saving drugs as it has been contributing almost 44 per cent of the global caseload for the past many days.

Corporate Revenue Seen Growing 6% In FY22 As Second Wave Takes A Toll: Ind-Ra

BW Online Bureau

Companies & Markets

Lower revenue growth is likely to test the credit profile in FY23 due to the moderation in consumption and investment demand outlook and smoothening out of supply chain issues, and the consequent possible moderation in prices

FPIs Turn Net Sellers After 6 Months; Withdraw Rs 9,659 Cr In Apr Amid Second Wave Of COVID-19

BW Online Bureau

Companies & Markets

The selling by FPIs is a near-term phenomenon and unlikely to pose a big risk as fundamentals of Indian equities continue to remain sound, Binod Modi, head strategy at Reliance Securities

Second Wave Restrictions: Crisil Says Multiplexes To Be On Losses; May Recover Only In FY23

BW Online Bureau

Companies & Markets

Multiplexes are set to log operating losses for the second straight fiscal as localised lockdowns, night curfews and other restrictions to contain the resurgence of coronavirus infections will keep occupancies low for the next few months

NBFCs May Not See Much Impact Of Second Wave Of COVID-19; Pent-Up Demand To Help

BW Online Bureau

Companies & Markets

Aadhar Housing Finance managing director and CEO D S Tripathi expects the impact on economic activities till May and from June onwards the sector will again start seeing traction.

COVID 2nd Wave: The Double whammy That India's Economy Will Face

BW Online Bureau

Economy India

Many States have declared lockdown, and reports recommend numerous states are probably going to present more rules and regulations and could declare lockdowns in the coming days.

Second COVID-19 Wave May Pose Downside Risk To Domestic Auto Demand : Report

BW Online Bureau

Companies & Markets Sector Reports Auto

The total retail sales volume fell 34 per cent YoY led by 17 per cent drop in passenger vehicle (PV) sales, 51 per cent fall in CV sales and 34 per cent drop in two-wheeler (2W) retail registrations

COVID Second Wave's Impact On Economy May Not Be Very Large: CEA

BW Online Bureau

Economy India

On the long-term prospects for the Indian economy, he said, growth should go back to 7 per cent-plus in a couple of years.

Second Wave Of COVID Infections Poses Increased Risks For Fragile Economic Recovery, Banks: Fitch

BW Online Bureau

Economy India

Fitch forecasts India's GDP growth at 12.8 per cent for the current financial year ending March 2022 and this incorporates expectations of a slowdown in the April-June quarter due to the flare-up in new coronavirus cases.