Page 25 - India Inc
Covid-19: Harsh Singhania says only a stimulus package can revive economy
"Even if we start producing, where is the transport, supply chain and customers? If shops are not open, then it makes no sense to keep producing and stocking in the factory sites," said Singhania.
 "Covid-19: Harsh Singhania says only a stimulus package can revive economy")
Coronavirus outbreak: Why cities may not remain the same after lockdown
Tens of thousands of workers who returned to villages are now similarly weighing whether to return at the end of the lockdown, which Modi this week extended to May 3.
 "Coronavirus outbreak: Why cities may not remain the same after lockdown")
India Inc grapples with rising rating downgrades, revisions in outlook
Domestic rating agency CARE revised outlook on rating for Tata group-owned Indian Hotels Company Ltd from "stable" to 'negative'
 "India Inc grapples with rising rating downgrades, revisions in outlook")
Lenders want more time to finalise working capital needs of large firms
A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders.
 "Lenders want more time to finalise working capital needs of large firms")
Top biz headlines: Govt's 2nd stimulus package, economic growth, and more
Business Standard brings to you the top headlines of the day
 "Top biz headlines: Govt's 2nd stimulus package, economic growth, and more")
Covid-19: India Inc seeks easing of lockdown norms for production
Corporate houses want the governments to divide districts into smaller zones to identify low-risk areas where factories can start work, peg production capacity to the risk of Covid-19 in a zone
 "Covid-19: India Inc seeks easing of lockdown norms for production")
Corporate India braces for $26-bn a week loss amid coronavirus outbreak
Nation may lose close to over $5 bn due to lockdown, says Ficci
 "Corporate India braces for $26-bn a week loss amid coronavirus outbreak")
Covid-19 crisis: PM, FM to finalise details of second stimulus package soon
The stimulus package is expected anytime this week and will again be aimed at the urban and rural poor; disadvantaged sections of society; MSME sector; and some of the worst-affected sectors
 "Covid-19 crisis: PM, FM to finalise details of second stimulus package soon")
ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension
Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.
 "ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension")
Covid-19 lockdown: May take two or three quarters for normalcy to return
We need to get used to the "new normal" now and calibrate our expectations accordingly
 "Covid-19 lockdown: May take two or three quarters for normalcy to return")
Top headlines: Extra re-payment burden for India Inc, weak PV sales, & more
Business Standard brings to you the top headlines of the day
 "Top headlines: Extra re-payment burden for India Inc, weak PV sales, & more")
PM Modi to make it official today: Lockdown will stay with caveats
But, even if lockdown restrictions are eased, labour remains the biggest challenge for both agriculture and industry.
 "PM Modi to make it official today: Lockdown will stay with caveats")
Covid-19 lockdown: India Inc more vulnerable now than in recession of 2008
Profitability and cash reserves have halved since the global financial crisis
 "Covid-19 lockdown: India Inc more vulnerable now than in recession of 2008")
India Inc leans less on foreign debt as weak rupee makes servicing costlier
With the Indian unit having shed 10% to the dollar since January, companies raised $5 bn in March quarter of 2020, against $8.8 billion in the year-ago period
 "India Inc leans less on foreign debt as weak rupee makes servicing costlier")
Unlisted NCDs may be treated as term loans, carry RBI moratorium benefit
Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'.
 "Unlisted NCDs may be treated as term loans, carry RBI moratorium benefit")
Coronavirus impact: India Inc focuses on preserving liquidity amid lockdown
Reputed conglomerates are opting for moratorium on debt servicing
 "Coronavirus impact: India Inc focuses on preserving liquidity amid lockdown")
Govt unlikely to grant any package for industry to pay workers' salaries
"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.
 "Govt unlikely to grant any package for industry to pay workers' salaries")
No cold turkey start: Experts want phased exit from coronavirus lockdown
Pronab Sen, former chief statistician, pointed out, "In the unaffected districts, we should open up the lockdown but not allow movement out of these areas.''
 "No cold turkey start: Experts want phased exit from coronavirus lockdown")
India Inc steps up efforts to mitigate impact of coronavirus pandemic
According to BoFA Securities, the measures announced by private firms will not only help fight the virus, but will also boost their prospects at the bourses.
 "India Inc steps up efforts to mitigate impact of coronavirus pandemic")
Listed MNCs remain immune to coronavirus outbreak as m-cap rises to 15%
With combined market capitalisation of Rs 13.8 trillion, 74 Indian subsidiaries of global multinationals are now ahead of state-owned listed companies
 "Listed MNCs remain immune to coronavirus outbreak as m-cap rises to 15%")
