Industry experts call for structural, regulatory changes With five of India’s six airlines operating with weak balance sheets that are compounding their problems in the time of COVID-19, industry experts have called for immediate structural and regulatory changes that could reverse their fortunes. They were speaking at a webinar organised by leading aviation consulting firm […]
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Gautam Adani sees COVID-19 as opportunity for faster transition to clean energy
Adani said the price of solar modules has dropped 99% over the past 40 years. Billionaire Gautam Adani on Thursday said COVID-19 had an immediate economic impact but the pandemic presents an opportunity to design a new and faster transition to a low-carbon future as he expects the price of solar modules to drop further. […]
40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report
The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75% Around 40% companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a […]
Auto industry will take a long time to recover: Bosch MD
Soumitra Bhattacharya said the industry had regressed by three to four years due to the slowdown in the economy and COVID-19 had further pushed it back by 1.5 to 2 years. The pandemic has brought the global auto industry, which was already suffering a slowdown since 2018, to a complete standstill and the recovery will […]
Mahindra launches ‘Own-Online’ platform for purchasing vehicles
The four-step process seeks to offer transparent, seamless and contactless experience from vehicle selection to delivery Mahindra & Mahindra Ltd. (M&M) has launched ‘Own-Online’, an end to end, online vehicle ownership solution for its customers. Own-Online has been designed to offer a transparent, seamless and contactless experience from vehicle selection to delivery, the company said. […]
COVID-19 to help accelerate e-com adoption
Online sales will breach double-digit mark in the next 12-18 months: IBM The coronavirus (COVID-19) pandemic could accelerate the adoption of e-commerce in the country, with online sales accounting for over 10% of Indian retail sales in the next 12-18 month period, from 5% currently. “Demonetisation accelerated the adoption of digital payment in India and […]
Ethos Cannabis To Buy Seven Medical Marijuana Dispensaries From 4Front Ventures
Ethos Cannabis, a Pennsylvania-based multi-state cannabis operator, said it has agreed to acquire the rights to seven medical marijuana dispensaries in Maryland and Pennsylvania from 4Front Ventures Corp. Terms of the deal were not disclosed. Under the agreements, Ethos is acquiring the rights to one operational dispensary in Allentown, Pennsylvania, and four operational dispensaries in […]
BHEL invites foreign firms to use idle units
Move may draw firms exiting China State-owned Bharat Heavy Electricals Limited (BHEL) has called for Expression of Interest (EOI) from foreign companies who wish to use its factories currently lying idle, for manufacturing from India. The economic disruption across the world due to COVID-19 has highlighted the dangers of manufacturing activities being concentrated in a […]
Facebook aims to extend products, tech built with Jio to other markets
Facebook’s mega ₹ 43,574-crore pact with Reliance Jio will help the social media giant build products and technology that can be extended to other parts of the world, its Chief Executive Officer Mark Zuckerberg said. He also said the social media giant aims to create a “much better shopping and commerce experience” in India working […]
MSME sector will tide over coronavirus crisis: Nitin Gadkari
We will encourage MSMEs to enter the capital market and attract foreign investments, increase exports from the sector through large-scale production and create jobs, says the Union Minister The Ministry of Micro, Small and Medium Enterprises (MSME) sector will tide over the huge blow caused by the lockdown, and reduce chinese import dependence by ramping […]