COVID-19

FMCG-to-hospitality major ITC on Friday said that its factories are producing only essential items such as flour, buiscuits and sanitisers. The company, however, said that its manufacturing facilities of essential goods are partially operational with limited workforce in view of...

Hit by the coronavirus crisis and the nation-wide lockdown, the National Restaurant Association of India (NRAI) has urged landlords in the food and beverage (F&B) or restaurant industry to waive their rents and the common area maintenance charges till...

India’s retail malls would see a temporary 10-12 percent erosion of their rental income due to the lockdown imposed to contain the spread of coronavirus, a report said. The report by India Ratings said that the commercial office segment is...

In a big relief to the corporate sector the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalments in respect of all term loans outstanding on March 1, 2020. Furthermore, the apex bank also...

Gujarat Chief Minister Vijay Rupani on Thursday said that the last date to pay the electricity bills for the months of March and April has been extended till May 15. “The last date to pay the electricity bills for the...

City-based realty player Lodha Group on Thursday said it has decided to allow rent waiver for its retail partners after the government announced the 21-day lockdown in wake of the COVID-19 pandemic. "Retail partners, who are renting spaces in Lodha''s...

FMCG major, ITC has set up a Rs 150 crore Covid Contingency Fund for vulnerable sections of society who have been affected by the pandemic. In a statement, ITC said this fund will be utilised primarily to provide relief to...

Delivery of essential items via e-commerce continued to face challenges on the second day of the 21-day lockdown, with the industry urging government for uniform classification of essential items across various states. According to a PTI report: While the government...

In the wake of the 21-day lockdown to effectively deal with the coronavirus pandemic, ShopClues, India’s leading e-commerce platform with a vast rural and semi-urban reach, has said that its online portal will now be enabled to make available...

Domestic retailers are expected to see muted sales in the wake of the lockdown and the recovery is likely to be gradual as it will depend on consumers' income, according to a report. The retailers would have to cut...