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Need to make coronavirus crisis a turning point for India: PM Modi

Prime Minister Narendra Modi on Thursday said the coronavirus crisis must become a turning point for the country and reinforce the mission for Atma Nirbhar Bharat (self-reliant India). Addressing business leaders of Bengal, PM Modi also said it was possible for “People, Planet and Profit” to co-exist and flourish together. “Our country has gone through...

Google stake in Vodafone-Idea: Banks, MF to wait and watch

Business papers in India reported that the Mutual Fund industry and several other banks are waiting with bated breath for the Google and Vodafone-Idea deal to close. Google is reported to be looking to acquire 5% stake in the company. The company has a borrowings of Rs1.18 lakh of which Rs3,000 crore is from Indusind...

Alang shipyard resumes work after 50-day lockdown, troubles mount

One of the largest ship breaking yards in the world, the Alang shipyard in Bhavnagar has resumed business but lack of migrants and access to market have only increased the trouble for the place. The shipyard has around 140 plots in which ships can be broken of which 60 have resumed work. But local media...

To give economy a boost, Rupani announces labour law exemptions for new projects/units

Gujarat chief minister Vijay Rupani on Friday shared a slew of announcements to help give a boost to the economy and business in the state. The Covid19 pandemic and the resultant lockdown has brought the economic activity in the state to a grinding halt. Rupani on Friday announced exemption from provisions of labour laws for...

Maruti opens 600 dealerships across India, begins home delivery of cars

Maruti Suzuki, the largest carmaker in the country has re-opened 600 dealerships that had been closed due to the coronavirus and the resultant lockdown. It has also started home-delivery of vehicles. The automaker has also set up a digital infrastructure to allow for potential customers to buy cars, media reports said. A news agency quoted...

Industry can open shop in Junagadh, Jamnagar; no relaxation for A’bad, Surat Vadodara

Ahmedabad, Surat, Vadodara, Gandhinagar and Bhavnagar which have recorded some of the highest Covid19 cases in Gujarat will not get any relaxation of any sort for the next two weeks when the lockdown is in force. The Gujarat government on Sunday in an online briefing made several announcements about the relaxation of lockdowns and business...

Riots, Protests Affect Businesses in India: Coca-Cola CEO James Quincey

In a statement that the ruling dispensation might not appreciate, especially after the Delhi riots exposed the poor state of law and order situation in the national capital, Coca-Cola chief James Quincey has said “there will be some degree of problems’’ for businesses if there were disruptions in the society in the form of riots...