Business

Professional indemnity policy offers protection to professionals against potential claims for injury or loss resulting from their advice action for failure to fulfil their duties.

India's solar and gas-fired electricity generation rose in April even as overall power demand fell at the steepest monthly rate in at least thirteen years, a Reuters analysis of provisional government data showed.

Sugar sales in March and April declined by 10 lakh tonne because of the imposition of nationwide lockdown to control the coronavirus disease, the Indian Sugar Mills Association (ISMA) said.

The report further said that the supply additions through infrastructure development boost short-term as well as the potential rate of GDP growth.

Industry representatives said while some hotels have chosen not to entertain new guests, some have stepped up hygiene and sanitisation measures.

The ILO also projects that 1.6 billion workers in the 'informal economy,' stand in immediate danger of having their livelihoods destroyed.

Axis Bank on Tuesday reported a standalone net loss of Rs 1,387.78 crore for March quarter of 2019-20 as provisioning for bad loans and contingencies soared.

In its report titled Global Macro Outlook 2020-21 (April 2020 update), Moody's lowered G-20 advanced economies as a group to contract by 5.8 per cent in 2020.

Forex traders said the weakness in the rupee was largely due to muted domestic equities and strengthening of the US dollar. Moreover, rising coronavirus cases in the country also weighed on the local unit.

Once they started working from home, companies are seeing gains on costs as well as efficiencies, and now, business leaders are certain that fewer people will be manning the cubicles spread across campuses.

Tata Consultancy Services (TCS), HDFC Bank, Infosys and Kotak Mahindra Bank witnessed a rise in their market capitalisation (m-cap) for the week that ended on Friday.

Analysts at Jefferies said Nestle was outperforming rivals, trading at 24.8 times forward earnings compared with 20.9 times for Unilever and 14.5 times for Danone.

The RBI has provided a three-month moratorium to all borrowers, for March-May, but not all banks are not likely to grant such a moratorium for their NBFC or MFI borrowers.

Nestle also said it is launching a 500 million Swiss franc program to help its food service suppliers during the coronavirus crisis, by extending payment terms and suspending rental fees for coffee machines.

India's decision to tighten norms for FDI came amid reports of China eyeing to take over several Indian entities following fall in their valuation due to economic downturn in the wake of the pandemic.

Issues such as a severe shortage of labour due to the migrant crisis and broken supply chains are also hampering resumption of manufacturing activity for many sectors.