The capital infusion comes at a time when risk capital investment activity has almost ground to a halt because of the spread of the Covid-19 pandemic, which, in turn, has forced vertical...
Monday, May 11, 2020
The Bharatiya
4:29 PM
Karnataka government conditionally permits garment units to operate in red zones
The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state.The Karnataka...
Assam cabinet held its meeting on Friday through video conferencing. Assam Industries and Commerce Minister Chandra Mohan Patowary said the 25 per cent hike will add Rs 1000 crore...
However, the revenue projection for 2020-21 are a significant drop for the company, which has historically recorded 40%-50% growth year-on-year till fiscal 2019.SoftBank-backed Lenskart...
The All India Consumer Products Distributor Federation (AICPDF) said most companies are unable to service the order generated by the distributors and if the situation continues, then...
The Bharatiya
4:21 PM
Silver lining for jobseekers as edtech, pharma, e-commerce, logistics sectors to continue hiring
Recruitment experts at Manpower, KellyOCG, PeopleStrong, and Xpheno predict that even as many sectors see widespread layoffs, there will be a silver lining in sectors like edtech,...
The Bharatiya
4:19 PM
Reopening of stores symbolic; soon firms will find it difficult to meet fin obligations: Spykar
The company, which has reopened around 25 franchise owned and operated stores by the weekend following government relaxation of guidelines for the third phase of lockdown, said it...
The Bharatiya
4:18 PM
Lockdown brings change in buying behaviour, more older people hop onto digital tech: Survey
The lockdown has changed buying behaviour of Indians - like purchasing vegetables without asking for price.The coronavirus lockdown has brought a sea change in the buying behaviour...
The Bharatiya
4:16 PM
Restaurants ready to take back control, go digital to serve customers directly
Expressing the sentiments of the industry, the National Restaurant Association of India (NRAI) said the 'logout' movement cemented the belief that the industry needed to take back...
The Bharatiya
4:15 PM
People resorted to panic buying during announcement of lockdown or its extension
Fast moving consumer goods grew 79% during fourth week of March when the government first ordered a nationwide lockdown for 21 days.Purchase of daily household essentials and groceries...
The Bharatiya
4:13 PM
Workers refusing to rejoin factories post lockdown may face pay cuts, disciplinary action
Gujarat, Madhya Pradesh, Karnataka and Uttar Pradesh are considering strict enforcement.Factories and other establishments in some states may be allowed to cut salaries and initiate...
Business of luggage companies has been hit hard by the Covid-19 pandemic due to its severe impact on aviation, hospitality and retail sectors across the world due to lockdowns and...
Discretionary spending is almost non-existent as online consumers defer high-cost purchases in the wake of uncertainty caused by the spread of Covid-19, said the sources who fear the...
Up to 35% consumers said they would increase spending through e-commerce, the highest compared to other retail formats.About 54% of consumers are expected to cut spends in malls largely...
The Bharatiya
4:08 PM
E-commerce orders gradually scaling back to pre-lockdown level: Industry executives
E-commerce companies have been permitted to sell all items in orange and green zones starting from May 4, 40 days after the nationwide lockdown was imposed on March 25.Sales of non-essential...
Sunday, May 10, 2020
Production cuts will be most in premium product portfolio as companies expect consumers to curb discretionary spending as the impact of the Covid-19. Manufacturing orders fall by up...
The Ministry of Home Affairs permitted sale of liquor in the third phase of Covid-19 lockdown starting Monday, with a caveat of ensuring a minimum six-feet of physical distancing at...
"We believe that a technology-enabled home delivery based solution can promote responsible consumption of alcohol," Mohit Gupta, Zomato's CEO for food delivery, wrote in a business...
Long queues, fuelled by revenge spending sprees, have been seen outside outlets of brands in Chinese cities.The French brand Hermes’ Guangzhou flagship store in China reportedly did...
Following the Covid-19 outbreak in India and the closure of malls in March, shopping centres and their tenants have been fighting over whether rent should be paid during this period. If...
The Bharatiya
5:39 PM
Lockdown 3.0: More shops expected to re-open but confusion reigns, say retailers
In red zone all malls, market complexes and markets will remain closed in urban areas, which are within limits of municipal corporations and municipalities. However, shops selling...
The government feels this will allow shopping and leisure activities to start up while maintaining physical distancing as traffic will be less than usual and easy to control. On Wednesday,...
As per estimates by Forrester Research, regions in Green and Orange zones accounted for 30-35% sales of ecommerce firms prior to the lockdown.Ecommerce leaders including Amazon and...
