Automobile industry to see double-digit sales decline in FY21: CRISIL Research

The domestic automobile industry is headed for another year of double-digit sales decline this fiscal, given the extended lockdown to contain the COVID-19 pandemic, CRISIL Research said on Thursday. Overall sales volume would plunge to multi-year lows, with sales of both... Read more

Government package to help Industry regain its Mojo

Covid-19 has altered the entire economic paradigm like no other event. The global economic fallout is worsening by the day and countries across the world are grappling with the economic challenges. The ensuing battle against Covid-19 is expected to be... Read more

Coronavirus lockdown | IT industry pushes to recast labour, tax rules for work-from-home model: Report

The information technology (IT) industry has approached the central government ministries to flesh out changes to taxation and labour laws in line with the work-from-home (WFH) model. While the coronavirus pandemic forced offices to migrate to WFH, many are expected... Read more

Industry body CII says Rs 15 lakh crore package required for economic revival

The Confederation of Indian Industry (CII) on Friday said the impact of a prolonged lockdown on the economy is severe and demanded a stimulus package of Rs 15 lakh crore, substantially revising its earlier estimates of Rs 4.5 lakh crore.... Read more

Mass exodus set to cripple industry

Harshraj Singh Tribune News Service Ludhiana, May 6 Amid the Covid-19 pandemic, employment in the state’s industrial sector is going to take a hit. At present, only 1.5 per cent of industrial units are operational. The plunge in the industrial... Read more

Silver lining for IT industry amid dark clouds of coronavirus; here’s what may boost revenue soon

Even as various industries are going through a rough phase and the future remains uncertain too, the IT industry is expected to benefit from the rising inclination of firms towards deploying digital technology. The Indian information technology industry has positive... Read more

Coronavirus: CII urges deferring GST payments for tourism, hospitality industry

NEW DELHI: The Confederation of Indian Industry (CII) on Friday urged the government to defer goods and advance tax (GST) and advance tax payments, and sought scrapping of fees for licenses, permit renewals, and excise exemption for liquor for the... Read more

Coronavirus pandemic | Travel industry facing 80% cancellations, seeks relief: Trade body

The Travel Agents Association of India (TAAI) said the hospitality and travel industry is seeing cancellations up to 80 percent in wake of the coronavirus pandemic, especially with the government suspending visas for a month, The Times of India reported.... Read more

Nothing Could Stop the Cruise Industry — Then Came Coronavirus

On Saturday, after Vice President Mike Pence met with cruise industry executives in Fort Lauderdale, Florida, it’s easy to imagine the industry breathing a sigh of relief. “The American people value our cruise line industry, it brings great joy and... Read more

Coronavirus: Chicken prices fall, poultry industry affected

New Delhi, The poultry industry in different parts of the country has been hit hard amid rumours that the novel coronavirus can transmitted through consumption of chicken, the prices of which have fallen considerably as a result. Vijay Sardana, an agricultural economist and... Read more