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Auto sector braces for hard times under COVID-19 

Financial Express , Mar 25, 2020

The auto industry, which has already been battling a severe slowdown, will suffer a per day loss in turnover of Rs 2,300 crore, if the plants operated by auto original equipment manufacturers (OEMs) and components remain shut as they are currently. These estimates collated by Society of Indian Automobile Manufacturers (Siam).

Most auto manufacturers have announced temporary closure of their factories starting Monday and these will remain unoperational either till March 31 or till further notice due to COVID-19 outbreak. Several state governments have announced a total lockdown forcing auto companies and their ancilaries to halt operations.

Ashish Kale, president of FADA, said: “We are yet to ascertain the full impact of the lockdown as it started five days back. Right now, dealers are holding on and following government orders hoping to break the chain (of COVID-19 transmission)”. He added that this was a dynamic situation and as more states announce full lockdowns the number of shut dealership outlets will rise. Kale also said that as of now there was no pay cuts or jobs lost for the staff in these dealerships.

Meanwhile, Federation of Automobile Dealers Associations (FADA) told FE that nearly 60% of dealer outlets are shut in India as of Monday. There are 26,000 outlets belonging to around 15,500 dealers in FADA’s network. Most auto manufacturers both two-wheelers and four-wheelers - Tata Motors, Hyundai, Bajaj Auto, M&M, Hero MotoCorp, Maruti Suzuki, Honda 2Wheelers, Suzuki Motorcycle, Toyota Kirloskar Motors - have announced temporary shutting of their factories.

Rakesh Sharma, executive director, Bajaj Auto, said: “Since dealerships have closed in almost 60% of the geographic areas, demand in the immediate term will also be proportionately impacted.”

The Pune-based two-wheeler company has decided to close down the operations at its plants located at Waluj, Chakan and Pantnagar from Monday till further notice. Bajaj Auto employs 10,700 people and about 5,000 contract or temporary workers. Sharma said that at this point of time it was their “resolve” to not let salaries and wages get adversely impacted.

Industry players said that they were preparing for longer shut-down period as it would take almost two months for the operations to become normal post the time when such activity resumes. For now, the closures are till March 31, however, experts believe that it would take at least three to four weeks for operations to begin and then another four weeks for operations to come back to normalcy.

Meanwhile, in an analysis made by FICCI, China accounts for 27% of India’s automotive part imports and with closure of the factories of major global auto part makers-Robert Bosch GmbH, Valeo AS and ZF Friedrichshafen AG there has been a delay in the production and delivery of vehicles in Bharat Stage Four (BS-IV) compliant models.

“Moreover, the situation has become more precarious after the decision of the Chinese government to limit all shipments by sea until further notice. Since air shipments are not suitable for auto components and forging industries, the Indian OEMs are finding it difficult to plan production beyond the available inventory,” FICCI has observed.

While the Indian auto sector was already reeling under pressure from lack of demand and piling up inventories, the COVID-19 outbreak may make the recovery more prolonged. In a recent report by Fitch, vehicle production in India is likely to contract by 8.3% in 2020 following an estimated 13.2% decline in 2019. Also, COVID-19 will also make the transition to Bharat Stage VI (BS VI) emission norms difficult which is schedule from April 1, 2020, FICCI said.

 

 

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Our collective action can help India brace for the likely impact of COVID-19: FICCI President Dr Sangita Reddy

FICCI Issues General Advisory for Members on COVID-19 - 'Be Alert and Not Anxious'

FICCI welcomes cabinet decision to decriminalise bona fide defaults

Maha Vikas Aghadi Government Presents a Balanced Budget on Completion of 100 days in office

FICCI-IBA Bankers' Survey July - December 2019

Telangana to re-activate old airports, 3 new greenfield & 3 brownfield airports soon - K T Rama Rao, Minister for Industries & Commerce, IT, Electronics & Communications and Municipal Administration & Urban Development, Telangana Government

FICCI welcomes GST Council decisions

We need to bring aviation turbine fuel under GST - Hardeep Singh Puri, Minister of Civil Aviation, Government of India

FICCI pledges support to government to help minimize the impact of COVID-19 in India

FICCI Hails Cabinet Approval of Schemes to Boost Electronics Manufacturing

FICCI welcomes Cabinet decision on Bulk Drug Parks

FICCI welcomes relief measures announced by Finance Minister, it is a good first step

FICCI welcomes PM Gareeb Kalyan Scheme, it will take care of the Poor and vulnerable, Women, MSME workers, effectively

Need for urgent fiscal and non-fiscal interventions to deal with COVID-19 impact: Healthcare Industry

FICCI welcomes the decisions announced by the Finance Minister

FICCI SEDF and Goodera bring together India Inc's CSR leaders in the fight against COVID-19 pandemic

Media and entertainment industry in 2019 grew by almost 9% to reach INR 1.82 trillion: FICCI - EY Report 2020

RBI measures a welcome relief for the Industry

Medical Devices sector seeks government support in ensuring supply of essential medical equipment intact

FICCI launches training courses for healthcare workers on COVID-19

Government to support in uninterrupted critical supplies during lockdown due to COVID-19: P Raghavendra Rao

FICCI CASCADE and TRACIT issues warning on illicit products during Coronavirus crisis

FICCI committed to supporting PM's Business Continuity Plan

Can medical tourism be the tie that binds India and Pakistan?     

Hospitals share recommendations for draft policy     

Industry should set up online portal to facilitate international patients: Commerce Secretary     

ASEAN-India forum tackles science, tech & innovation     

India, China should break 'strange circle' of ups and downs: Beijing     

FICCI urges govt to revisit tendering system for construction work contracts     

India's farm equipment market to grow to $18 bn by 2025: Report     

Atrocities against girls 'worrisome', 'shameful': Venkaiah Naidu     

FICCI set to organize 9th Global Sports Summit 'TURF 2019'     

Most banks will improve stressed assets by March: SBI chairman     

Budget 2020: NATHEALTH urges govt for zero-rating GST on health services     

'India, Iran have capacity for book-related collaborations'     

Govt must step in to encourage service providers: Aviation minister HS Puri     

Going ahead, new greenfield airports, existing profitable airports to be privatised: AAI chairman     

Minister KT Rama Rao meets senior functionaries of Aerospace majors in Delhi     

Privatisation will strengthen the civil aviation sector: Hardeep Singh Puri     

Telangana aims to boost air connectivity in state     

TS pursuing plans to propel civil aviation sector     

Aerospace, defence priority for state: Telangana IT Minister KT Rama Rao     

Telangana planning to set up Aerospace University: KT Rama Rao     

Even in deregulated market, govt must step in to encourage service providers: Puri     

Even in deregulated market govt must step in to encourage service providers Puri     

Privatisation will strengthen Civil Aviation sector, says Hardeep Singh Puri     

India poised for exponential growth in aviation sector: Hardeep Puri     

Hyderabad to host Aviation expo from March 12     

Minister KTR meets Aerospace and Defence head honchos in Delhi     

Minister of Foreign Relations successfully concludes first official visit to India     

SCO SG suggests vigorous e-comm partnership among member states     

Jaishankar meets SCO secretary-general, appreciates organisation efforts to promote tourism     

Jaishankar meets SCO Secretary-General, appreciates organisation efforts to promote tourism     

SCO Secretary General suggests vigorous e-comm partnership among member states     

SCO Secy General Vladimir Norov arrives in India on 4-day visit to attend Raisina Dialogue 2020     

Jaishankar meets SCO Secretary-General, appreciates organisation efforts to promote tourism     

FICCI suggests formulation of national railway plan     

'Sentiment among builders, lenders improves in Oct-Dec'     

Delay in notification of e-pharmacy draft rules causing concern in the sector: FICCI     

First Session of India-Norway Dialogue on Trade & Investment (DTI) Convened     

Steel industry seeks duty cut on key raw materials in Budget     

Steel industry seeks duty cut on key raw materials in Budget     

Govt looking at reducing entry barrier in coal mining: Coal Secy     

Govt looking at reducing entry barrier in coal mining: Coal Secretary     

Gadkari urges industry to cash in on new expressway projects     

Commercial mining of Coal set to modernize coal sector     

Didn't want to repeat error of splurging: FM Nirmala Sitharaman     

Indian Foreign Minister urges industry to take greater interest in Central Asia     

Report on 'Diaspora Effect' hopes to highlight contributions of British Indians     

TikTok calls for safer internet with 'Mera Internet' campaign     

Here's what Google, Instagram, TikTok are doing for Safer Internet Day     

TikTok focused on working with civil society, industry for better Internet     

TikTok launches in-app safety campaign #MeraInternet to mark Safer Internet Day     

On Safer Internet Day, here's how TikTok promoted a responsible in-app environment     

Industry leaders discuss online safety     

TikTok launches in-app safety campaign #MeraInternet on Safer Internet Day 2020     

Industry leaders discuss ways to create a positive online environment at FICCI Initiative     

TikTok committed for Digital Safety on Safer Internet Day 2020     

Industry leaders discuss ways to create a safe and positive online environment at a FICCI initiative on Safer Internet     

Piyush Goyal meets ministerial officials in Germany, discusses ways to boost competitiveness among domestic industries     

'Textiles sector vulnerable to increasing counterfeiting'     

China being hit by Coronavirus, India should look at positioning itself as alternative supply source: FICCI     

Better law and order promotes investment: Khattar     

Coronavirus: Suspend NPAs, inject capital for power companies, says FICCI     

Coronavirus news: A day before Janta curfew, PM Modi advises people to stay put in their cities, towns     

SBI tells borrowers, come and take money, opens up emergency credit line amid coronavirus     

FICCI: Due to Corona, 73% merchants have an enormous drop in orders     

Janata Curfew to be observed tomorrow from 7 am to 9 pm across India     

One day before the Janta curfew, PM Modi advises people to stay in their towns and villages     

73% Indian businesses report steep fall due to Coronavirus outbreak     

Coronavirus: Govt allows renewable energy supply chain disruption to be treated as Force Majeure     

Coronavirus: SBI opens emergency credit line for borrowers     

SBI announces emergency credit line for borrowers affected by COVID-19     

SBI offers credit aid     

Economy balm in FM's reply     

Private test price     

What is the cost of COVID-19 misery? When will this end?     

Minute precautions can make monumental impacts: PM Modi on coronavirus     

SBI opens emergency credit line for borrowers amid Coronavirus Pandemic     

SBI opens emergency credit line for borrowers: Coronavirus     

SBI opens emergency Credit Line for Borrowers whose operations are hampered by Coronavirus     

Covid-19 impact on jobs     

Coronavirus: Suspend NPAs, inject capital for power companies, says FICCI     

Coronavirus news: A day before Janta curfew, PM Modi advises people to stay put in their cities, towns     

Covid-19: SBI opens emergency credit line for borrowers     

India to become an Electronic Manufacturing Hub     

FICCI welcomes Cabinet decision on Bulk Drug Parks     

After slowdown FM radio industry faces Covid-19; seeks government support     

Rural India vs Covid-19: Train curbs a relief but challenges remain     

Centre weighing option of suspending all domestic air travel to contain Covid-19     

Now, Covid testing available at 5 facilities in Punjab     

SBI opens emergency credit line for borrowers as businesses grapple with coronavirus     

FICCI atively engages with government to develop a strategy to handle COVID-19     

FICCI atively engages with government to develop a strategy to handle COVID-19     

Coronavirus Impact: 73% Businesses Report big reduction in orders, says FICCI     

Pvt Labs allowed to begin COVID-19 Tests Under ICMR Guidelines     

Certificate course on Covid-19     

Next 10-15 days crucial in dealing with coronavirus and its economic impact: Dr Sangita Reddy     

Covid-19 outbreak: PM Modi exhorts industry bosses not to cut workforce     

Ensure there are no supply hiccups: PM Modi tells India Inc     

Maintain production line of essential commodities, PM Modi tells India Inc     

PM Modi urges industry leaders to continue working from home amid COVID-19 outbreak     

Combating COVID-19: PM Modi to interact with people of Varanasi on March 25     

Unorganised workers have been hit hard, need direct payments, India Inc tells PM Modi     

Coronavirus: Ensure production of essential items not impacted: Modi tells India Inc     

FICCI welcomes Cabinet decision on Bulk Drug Parks     

India's epidemic suspends rail passenger traffic and subways considering grounding domestic flights     

Coronavirus pandemic turns travel plans upside down! Check how cruises, hotels, flights are impacted     

Delhi shopping malls wear deserted look after lockdown     

Coronavirus: SBI sets up Emergency Credit Line for affected borrowers     

How are businesses holding up amidst COVID-19 mayhem?     

FICCI says govt should increase fiscal deficit by 200 bps to weather COVID impact     

Coronavirus hits cash flows of 80% companies, normalcy seen resuming in 3-6 months: Survey     

Coronavirus impact: FICCI urges govt to lend helping hand to M&E, sports sectors     

30 states, UTs announce complete lockdown to contain coronavirus spread     

How NIIT University pivoted to digital, minimized COVID-19 disruption     

Coronavirus impact: Govt bans all passenger flights from 25 March     

Coronavirus pandemic turns travel plans upside down! Check how cruises, hotels, flights are impacted     

MSMEs may not survive if cash flow problem occurs amid lockdown, FICCI tells govt; suggests steps     

IndiGo, SpiceJet hit lower circuit after govt suspends domestic flights     

Ensure production of essential items not impacted amid coronavirus: PM tells India Inc     

Prime Minister Narendra Modi says economic impact of coronavirus outbreak to be felt gradually     

PM interacts with industry on mitigating economic impact of COVID-19     

Ensure production of essential items not impacted: PM tells India Inc     

PM interacts with industry on mitigating economic impact of COVID-19     

Coronavirus in Mumbai: Industry bodies press for stimulus to overcome losses     

Needed: A national economic recovery plan     

Finance Minister Nirmala Sitharaman’s steps meant to meet legal compliances: Experts     

Finance Minister extends ITR, GST filing dates     

India defers taxes, vows more relief to Counter Pandemic     

Ensure no impact on production of essential Items: PM to India Inc     

8 steps to make Indian systems work smoothly in a coronavirus lockdown     

Indian PM interacts with industry chamber representatives     

Coronavirus: will the lockdown create a supply shock that India simply can’t afford?     

F&B companies want 'essential' pass to clear checkposts, reach you     

IndiGo, SpiceJet hit lower circuit after govt suspends domestic flights     

Coronavirus crisis: Modi's Jan Dhan accounts can be used to help daily wage workers, suggests FICCI     

Startups, MSMEs having queries on Covid-19? Invest India sets up one-stop shop for all your questions     

Mumbai, Delhi property purchases see huge drop     

E-grocers approach PMO for clearance to operate     

IndiGo employees to get full salary even when domestic flights remain suspended due to coronavirus     

Coronavirus impact: Govt to announce relief on tax return filing     

More Indian airlines could be facing collapse as travel curbs worsen headwinds     

With three-week lockdown, Auto and Aviation sectors face crippling loss in revenue     

Coronavirus crisis: Modi’s Jan Dhan accounts can be used to help daily wage workers, suggests FICCI     

FICCI suggests measures to govt for MSMEs     

Coronavirus: FICCI urges government to lend support to sports sector     

MSMEs may not endure if cash issue happens in the midst of lockdown, FICCI tells government     

Coronavirus: India Inc's 5-point wishlist for Modi     

Analysts warn of volatile market ahead     

Govt says no layoffs, salary cuts as businesses bear brunt of Coronavirus lockdowns     

FIA Global's Bank Mitras spreading awareness on Coronavirus in Rural India     

COVID-19: FICCI offers free management course online for all     

Eco slowdown and Covid-19 double jolt for Indian agri & allied sectors     

India industries scale back operations on lockdown amid pandemic     

FICCI FLO to organize online Hackathon to find non-medical solutions for Covid-19     

FICCI FLO Pune Chapter to organise online Hackathon     

FICCI FLO Pune Chapter to organize online Hackathon to find Non-medical solutions for COVID-19     

FICCI FLO Pune Chapter to organize online Hackathon to find Non-medical solutions for COVID-19     

FICCI welcomes Cabinet decision on Bulk Drug Parks     

Covid-19 pandemic: Finmin writes to RBI on relief measures     

MSMEs to greatly benefit from increase in threshold for triggering IBC against delay in payments     

FICCI welcomes relief measures announced by Finance Minister, it is a good first step     

Retailers facing disruption in service as local authorities creating hurdles     

Covid-19: Goods locked, delivery down, relief in transit     

Covid-19 lockdown: On day 1, government moves to fix supply chain hiccups     

India stares at a crippling supply crisis     

Covid-19: Retailers say staff manhandled by police amid lockdown     

Pvt security cos to back PM's call to support govt machinery; ensure wages during lockdown: FICCI     

MSMEs are in the ICU; a bandaid will not help, say industry representatives     

FICCI suggested the federal government     

Pvt security agencies should consider their workforce 'on duty': MHA     

#StartupsVsCovid19: BigBasket, Grofers back on track after PMO meet     

Amazon cancels non-priority orders to deliver essentials on time     

Pvt security cos to back PM's call to support govt machinery; ensure wages during lockdown: FICCI     

MHA tells Pvt Security Agencies not to lay off Guards or cut salaries     

Pvt security cos to back PM Modi's call to support govt machinery; ensure wages during lockdown: FICCI     

PM Narendra Modi allocates Rs 15,000 crore to tackle coronavirus COVID-19     

National Lockdown: MHA tells pvt security agencies not to lay off guards or cut salaries     

MHA tells pvt security agencies not to lay off guards or cut salaries     

Pvt security cos to back PM's call to support govt machinery; ensure wages during lockdown: FICCI     

Private security agencies should consider their workforce 'on duty' during lockdown: MHA     

Private security companies to back PM Narendra Modi's call to support govt machinery; ensure wages during lockdown: FICCI     

MHA tells pvt security agencies not to lay off guards or cut salaries     

Govt asks private security agencies to pay workers during coronavirus lockdown     

Recovering real estate sector slumps again amid lockdown to curb Covid-19 spread     

Flipkart hits temporary pause, Amazon's grocery service down too     

PM Gareeb Kalyan Scheme will take care of the poor and vulnerable, Says FICCI     

FICCI hails Centre's Rs 1,70,000 cr package for COVID-19 hit poor     

Coronavirus relief package: India Inc welcomes govt's help for poor, expects measures for distressed businesses     

MSMEs welcome govt's decision to bear EPF contribution; to help small businesses in these key areas     

FCI stocks come in handy     

Industry welcomes stimulus measures for poor, vulnerable sections; hopes for stimulus for distressed businesses     

Steps announced by FM Nirmala Sitharaman are critical for vulnerable sections: FICCI     

Industry welcomes stimulus measures for poor, vulnerable sections; now hopes for stimulus to ease pain of distressed businesses     

FICCI hails Centre's Rs 1,70,000 cr package for COVID-19 hit poor     

FICCI hails Centre's Rs 1,70,000 cr package for COVID-19 hit poor     

FICCI welcomes PM Gareeb Kalyan Scheme, it will take care of the Poor and vulnerable, Women, MSME workers, effectively     

Corporates continue to wait for FM’s announcement aimed at businesses     

Steps announced by FM Nirmala Sitharaman are critical for vulnerable sections: FICCI     

Coronavirus Lockdown: Sitharaman announces 1.7 lakh crore relief package for poor     

FICCI hails Centre's Rs 1,70,000 cr package for COVID-19 hit poor     

FICCI hails Centre's Rs 1,70,000 cr package for COVID-19 hit poor     

FICCI welcomes PM Gareeb Kalyan Scheme it will take care of the Poor and vulnerable Women MSME workers effectively     

The industry appreciates the stimulus measures for the poor and vulnerable sectors; hopes of encouragement for distressed businesses     

Immediate need for fiscal intervention for COVID-19 impact: healthcare industry     

COVID-19: Healthcare industry submits joint recommendations to deal with impact     

COVID-19: NPPA asks states, UTs to ensure unobstructed movement of stock, manpower     

FICCI on Recommendations on behalf of Healthcare Industry to deal with COVID-19 impact     

Govt support required to restore supply chains immediately; or India could run out of stocks in 7-10 days: Britannia MD Varun Berry     

Coronavirus blow: SpiceJet returns wet-lease aircraft; cash reserves burn for airlines as demand slumps     

FICCI welcomes relief measures with respect to tax and statutory compliances     

Inter-state goods movement off to a crawl     

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package     

Impact of COVID-19 on the Indian economy & workforce     

Economic package: A beginning has been made. More needs to be done.     

Retail industry to face financial crisis: Experts     

FICCI welcomes relief measures announced by Finance Minister     

RBI steps to help mitigate impact of coronavirus lockdown on biz: Industry     

RBI steps to help mitigate impact of coronavirus lockdown on biz: Industry     

India Inc. welcomes repo rate cut     

RBI measures to help mitigate impact of lockdown: Industry     

Coronavirus impact: FICCI lauds RBI's monetary stimulus, urges banks to pass on benefits     

RBI steps to help mitigate impact of coronavirus lockdown on biz: Industry     

RBI measures a welcome relief for Industry: FICCI     

RBI measures will improve confidence in financial system     

RBI steps to help mitigate impact of coronavirus lockdown on biz: Industry     

RBI steps to help mitigate impact of coronavirus lockdown on biz: Industry     

We look forward to all relaxations being transmitted by banks in full and without delay Dr Sangita Reddy President FICCI     

Coronavirus impact: Movies, children's content dominate TV viewership     

The M&E industry clocked in Rs 1.8 trillion in 2019: FICCI-EY report     

Media and entertainment industry hit Rs 1.82 trillion mark in 2019: FICCI-EY Report     

Media and entertainment industry hit Rs 1.82 trillion mark in 2019: FICCI-EY Report     

M&E growth may be flat in 2020 if the Covid-19 crisis ends in a month, says Ashish Pherwani of EY India     

M&E growth may be flat in 2020 if the Covid-19 crisis ends in a month, says Ashish Pherwani of EY India     

Media and entertainment industry in 2019 grew by almost 9% to reach INR 1.82 trillion: FICCI – EY Report 2020     

M&E industry grew 9% in 2019: FICCI-EY report 2020     

Media and entertainment industry hit Rs 1.82 trillion mark in 2019: FICCI-EY Report     

Media, entertainment sector in India to cross Rs 240,000 cr by 2022     

M&E Industry grows at 9% To Reach Rs 1.82 trillion: FICCI-EY     

Media and entertainment industry hit Rs 1.82 trillion mark in 2019: FICCI-EY Report     

Media and entertainment industry hit Rs 1.82 trillion mark in 2019: FICCI-EY Report     

M&E industry in India grew by 8.9 percent in 2019: Report     

The M&E industry clocked in Rs 1.8 trillion in 2019: FICCI-EY report     

Media and entertainment industry hit Rs 1.82 trillion mark in 2019: FICCI-EY Report     

Media and entertainment industry hit Rs 1.82 trillion mark in 2019: FICCI-EY Report     

COVID-19: NPPA asks states, UTs to ensure unobstructed movement of stock, manpower     

Coronavirus in Chandigarh: GMCH-32 equipped to test 70 samples per day     

FICCI welcomes the decisions announced by the Finance Minister     

FICCI hails Centre's Rs 1,70,000 cr package for COVID-19 hit poor     

Coronavirus lockdown: Indian retail sector stares at loss of over 20 lakh jobs     

COVID-19 impact: Private hospitals hit hard, steep drop in OPD footfalls     

Healthcare bodies press govt for fiscal and non fiscal interventions     

Need for urgent fiscal and non-fiscal interventions to deal with COVID-19 impact: Healthcare Industry     

Steps announced by FM Nirmala Sitharaman are critical for vulnerable sections: FICCI     

COVID-19: Take care of employees, workers, says Goyal to industry     

We look forward to all relaxations being transmitted by banks in full and without delay: Dr Sangita Reddy, President, FICCI     

Will speak to banks to facilitate cash flow amid lockdown: FM Sitharaman     

Corporate Affairs Secy addresses concerns of CII, FICCI, ASSOCHAM amid lockdown     

Finance minister plea and pat for banks     

Ministry of Corporate Affairs discusses India Inc's concerns with industry bodies: Nirmala Sitharaman     

Workers are assets, but en-masse migration could make them potential COVID-19 carriers: Goyal     

Centre trying to procure 10 lakh personal protective equipment via MEA     

Coronavirus crisis: SMEs send SoS to govt on salaries; else retrenchment inevitable     

Will speak to Banks to facilitate cash flow: FM     

MCA discusses India Inc's concerns with industry bodies     

Workers are assets, but en-masse migration could make them potential COVID-19 carriers: Goyal     

Workers are assets, but en-masse migration could make them potential COVID-19 carriers: Goyal     

MCA discusses India Inc's concerns with industry bodies     

MCA discusses India Inc’s concerns with industry bodies     

Govt frees movement of goods; assures RBI directive will be followed by all banks     

Media, entertainment sector in India to cross Rs 2.4 lakh crore by 2022     

FICCI-EY report claims Online Gaming to grow at 40% CAGR, reach Rs. 18,000 crores in 2022     

FICCI: Online gaming sector expected to reach Rs 187 billion by 2022 at a CAGR of 43 per cent     

'Nationalisation of hospitals not the solution to tackle Coronavirus'     

E-grocers start utilising available resources of other e-commerce ventures to augment their last mile delivery     

Retail Pooling: Online, offline firms share staff to deliver food, groceries     

Bank of India cuts external benchmark lending rate; MSME, home, other loans to get cheaper     

Transporting essential goods across States still remains a challenge     

India's COVID-19 lockdown: Coca-Cola, Nestle and more MNCs call for F&B manufacturing to be made 'essential service'     

Net traffic surges during coronavirus lockdown, but video streaming cos may need new content to gain users     

'All day' is the new prime time: MX Player     

MX Player top entertainment app in India in 2019: Report     

Small, mid-budget movies may take OTT route before landing in theatres amid COVID-19 crisis     

OOH to reach Rs 46bn level in 2022 from Rs 39.1bn in 2019: FICCI-EY M&E Report     

COVID-19 effect: 2020 estimates for M&E all askew; drop could be as high as 20-25%     

Food Processing ministry forms task force in the wake of Covid-19 to resolve problems of industry: Harsimrat Kaur Badal     

Businesses hit by coronavirus may take months to return to normalcy, even if lockdown lifts in 21 days     

Task force to resolve food industry issues: Harsimrat Kaur Badal     

Coronavirus: Indian events and exhibition sector to take ₹1 trillion hit     

Call to turn vacant flats into quarantine centres     

Financial Year not extended: Three of your Income Tax queries answered     

Industry bodies seek extension to financial year till June 30     

Coronavirus pandemic: Panel led by NITI Aayog CEO Amitabh Kant starts working on response strategy     

Govt to hold discussions with transport unions on raw material supply to food processing cos: Badal     

Industry bodies seek extension of financial year till June 30 amid coronavirus pandemic     

Businesses facing the wrath of coronavirus may take longer to revive     

Industry bodies seek extension to financial year till June 30     

Task force formed to fight Covid-19 effects     

FICCI-EY report: 86% of users in India consume music through radio, 97% through smartphones     

Covid-19 in Gurugram: Garment industry feels the heat of coronavirus curbs     

COVID-hit economy may take six months to recover     

Industry chambers pitch for fiscal stimulus, tax cuts to allay impact of coronavirus on economy     

Coronavirus pandemic hurt nearly half of industry, says survey     

Coronavirus impact: 73% businesses report big reduction in orders, says FICCI     

Modi's 'Stay at Home' call may deepen India’s economic slowdown     

Coronavirus impacting business, reducing cash flow: FICCI     

NBFCs request special funding window from banks to handle liquidity crisis     

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