Bangalore, November 7: There has been a surge in mobility startups like Bounce, Vogo and Rapido, which are increasing the share of the electric vehicles (EVs) space. In fact, the Indian government is emphasising on the sale of only electric vehicles by 2030 or having a larger percentage of EVs on the road by then. […]
Tag Archives: Coronavirus
MSMEs Show Signs of Recovery, All Eyes Now on Diwali 2020 to Bailout the Stressed Sector
Mumbai, November 3: The coronavirus pandemic has been extremely difficult on every business, and India’s MSME sector is one of the worst-hit. The sector which has about 70 million enterprises and employs around 110 million people is battered due to the lockdown. From factories being shut down, and freeze in the production, it is the […]
Gold Price on Dhanteras 2020: Rate of Yellow Metal Up at Rs 50,635 Per 10 gram, Analysts Predict Higher Sales Ahead of Diwali 2020
Mumbai, November 13: On the auspicious occasion of Dhanteras today, gold price inched higher. On MCX, gold futures edged 0.07 percent higher to Rs 50,635 per 10 gram while silver rates dropped 0.2 percent to Rs 62,615 per kg on Friday. Gold rates on Friday increased amid fears over the economic fallout from mounting cases of […]
Gift Shops: 5 Tips to Follow to Revive Your Gift Shop Business Amid COVID-19 Pandemic
Mumbai, November 6: Coronavirus pandemic affected every business across the world. From job losses to pink slips, majority of the companies have suffered. It has been more difficult for small businesses, like gift shops, who had to remain shut for several months in the middle of the lockdown. Gift shop business is a revenue-generating venture, […]
COVID-19 Impact on Women-Founded Startups: Funding Drops 24% in H1 2020
Bengaluru, October 29: The coronavirus pandemic has affected everyone, from businesses being shut to people being offered pink slips. It has not been a great time for women-founded and co-founded startups. According to an IANS report, funding fell 24 percent to $280 million in the first half of this year, compared to $369 million in […]
India’s Economic Growth in FY21 May Be Negative or Near Zero Due to Ongoing Coronavirus Pandemic, Says Nirmala Sitharaman
New Delhi, October 28: Finance Minister Nirmala Sitharaman on Tuesday said that India’s economic growth in the current financial year may be in the negative zone or near zero amid the ongoing coronavirus pandemic. Speaking at the India Energy Forum of CERAWeek, Sitharaman, however, noted that signs of revival are visible now and India would […]
Opening a Restaurant Amid COVID-19 Pandemic? Here Are 4 Tips Which Eatery Businesses Can Follow to See Success
Mumbai, October 27: The coronavirus pandemic affected everyone, from businesses being shut to people being fired. Now with the economy opening up, and several curbs being lifted, restaurants along with other eateries have started their operations, but at a slow pace. With the coronavirus rapidly spreading across the world and cases still on the rise, […]
Credit Guarantee Scheme: Banks Sanction Rs 1.86 Lakh Cr to 50 Lakh MSMEs Impacted by Slowdown Amid COVID-19 Pandemic
New Delhi, October 17: The Finance Ministry announced that banks have sanctioned loans of about Rs 1.86 lakh crore to 50 lakh business units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, those who have been affected by a slowdown due to the coronavirus pandemic. According to a report […]
Gold Rate Today: Price of Yellow Metal Slips Below Rs 50,000 Per 10 Gram, Silver Down to Rs 58,851 Per Kg
Mumbai, September 23: The gold and silver rates slipped sharply on Wednesday, extending losses for the third day. October gold futures on MCX were down 1.2 percent to Rs 49,764 per 10 gram while silver futures slumped 4 percent to Rs 58,851. The precious metal prices have slipped sharply this week across the globe. In […]
Coronavirus Disruptions to Hamper MSME Recovery Prospects, Challenging Operating Environment to Remain For the Rest of 2020, Predicts Moodys
Mumbai, September 18: Credit rating agency Moody’s Investors Service on Thursday said that coronavirus disruption will hamper the recovery prospects of India’s micro, small and medium enterprises (MSMEs). According to an Economic Times report, Moody’s stated that economic and property market disruptions due to coronavirus will lead to higher delinquences by MSMEs. This will hit […]