Sector News

In-depth: HCQ, the wonder pill and India's wondrous position

In-depth: HCQ, the wonder pill and India's wondrous position

HCQ or Hydroxy-Chloroquine is a very important drug these days. Ever since, US President Donald Trump listed it on the top of his shopping lists, every government in the world has turned its attention towards this secret ingredient from India. Countries such as Israel, Brazil, and neighbours such as...

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1 crore facility management and private security guards risk losing jobs

1 crore facility management and private security guards risk losing jobs

New Delhi: The FICCI Committee on Private Security Industry has sought relief measures such as wage subsidy and GST relief from the Centre for the outsourced services sector which includes private security and facility management.In a letter to Finance Minister Nirmala Sitharaman, Rituraj Sinha...

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Must convert Covid-19 adversity into opportunity: SpiceJet CMD

Must convert Covid-19 adversity into opportunity: SpiceJet CMD

New Delhi: Even as SpiceJet prepares a blueprint to eventually re-start operations with new safety norms, the company's top official believes the centre will support the industry through these tough times and turn the Covid-19 adversity into an opportunity by ushering in structural reforms.According...

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Stung by lockdown, India's auto dealers body seeks financial assistance

Stung by lockdown, India's auto dealers body seeks financial assistance

New Delhi: The Federation of Automobile Dealers Associations (FADA), a 15,000 dealers body, has reached out to Prime Minister Narendra Modi to seek financial assistance due to Coronavirus pandemic and the lockdown initiatied in the country. The letter has also been marked to Finance Minister Nirmala...

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Indian Railways in Mission Mode readies 2500 coaches as isolation coaches

Indian Railways in Mission Mode readies 2500 coaches as isolation coaches

New Delhi: The Indian Railways on Monday announced that it has managed in converting 2,500 coaches into isolation coaches.  Railways minister Piyush Goyal tweeted information related to the development. In a press note, Indian Railways said that this exercise is part of its commitment to offer ...

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Liquor maker Bacardi turns to producing hand sanitizers

Liquor maker Bacardi turns to producing hand sanitizers

New Delhi: Liquor maker Bacardi has turned away from manufacturing liquor. It will instead be producing hand sanitizers.  On Monday, the company said that its co-packing facility in Telangana will be producing 70,000 litres of essential hand sanitizers which will be helpful in mitigating the sp...

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Worrying situation for Indian banking industry, NPAs to rise

Worrying situation for Indian banking industry, NPAs to rise

Mumbai: Indian Banking sector may look at a surge in NPAs and credit costs despite such services deemed as 'essential services' and the regulator taking active measures.A report published on Monday by S&P Global ratings says that Asia Pacific Banks were looking at an estimated $300 billion damag...

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States told to prepare SOP for pharma sector

States told to prepare SOP for pharma sector

New Delhi: The Central government on Sunday directed the states to prepare a Standard Operating Procedure (SOP) to ensure inter-state movement of pharmaceutical employees, while maintaining proper protocols and social distancing.The order comes amid reports that some pockets in various states have b...

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Report reveals Covid-19's damage to India's already wounded housing sector

Report reveals Covid-19's damage to India's already wounded housing sector

Indian real estate sector is staring at an uncertain 2020. In recent past, factors such as demonetization, GST, RERA, and a tepid supply-demand have dented aspirations for the sector. This year, the factor is Covid-19. According to the latest statistic, the pain caused by the pandemic virus is deep ...

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Udan turns lifeline, supplies tons of medical supplies across India

Udan turns lifeline, supplies tons of medical supplies across India

New Delhi: The Centre on Wednesday said that under the "Lifeline Udan" initiative, 74 flights have transported 37.63 tonnes of medical supplies across the country till March 31.According to the Ministry of Civil Aviation, more than 22 tonnes was transported on Tuesday itself.In a statement, the mini...

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