Search For "slowdown"
Coronavirus hits Indian electricity demand, capacity addition: Fitch
Updated : 5 years, 6 months ago IST
Singapore, Aug 21 (ANI): Fitch Ratings expects India's electricity demand to drop by 4 per cent during the financial year ending March 2021 given the expectations of only a gradual pick-up in economic activity since pandemic-related lockdowns were relaxed in June.
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Indian public sector banks face fresh capital shortages as coronavirus bit
Updated : 5 years, 6 months ago IST
Singapore, Aug 21 (ANI): The sharp slowdown in India's economic growth exacerbated by coronavirus outbreak will hurt public sector banks' (PSBs) asset quality and drive up credit costs, Moody's Investors Service said in a new report on Friday.
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Maintain reform momentum to reverse economic slowdown: World Bank
Updated : 5 years, 6 months ago IST
New Delhi [India], Aug 19 (ANI): India needs to continue implementing critical reforms in key areas like health, labour, land, skills and finance to come out stronger from the impact of Covid-19 pandemic, the World Bank said on Wednesday.
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Despite COVID-19 disruptions, Ace Group committed to timely delivery of pr
Updated : 5 years, 7 months ago IST
New Delhi [India] Aug 14 (ANI/NewsVoir): Though the outbreak of coronavirus has taken its toll on the real estate sector too, accentuating the current period of slowdown, realty major Ace Group has reiterated its promise to deliver all its projects on time and as per the commitments made wit
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Nepal still banks on Indians heavily to revive its tourism sector
Updated : 5 years, 7 months ago IST
Kathmandu [Nepal], August 13 (ANI): Despite the COVID-19 induced economic slowdown, Nepal is expecting to host about 2 lakh foreign tourists in the ongoing fiscal year 2020-21, of which majority will be Indians, according to Nepal Tourism Board (NTB) officials.
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RITES Q1 net profit drops to Rs 60 crore on COVID-19 woes
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 11 (ANI): Government-owned RITES Ltd said on Tuesday its profit after tax dropped to Rs 60 crore in the quarter ended June on a standalone basis from Rs 93 crore in Q1 FY20.
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Indian telcos' revenue grows strongly defying coronavirus: Fitch
Updated : 5 years, 7 months ago IST
Singapore, Aug 7 (ANI): Indian telecom operators reported strong revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) growth in the three months ending June (Q1 FY21) due to tariff growth and higher data usage, defying the economic slowdown from the countrywide
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Chandigarh University Engineering student bags 35 LPA package from US mult
Updated : 5 years, 7 months ago IST
Chandigarh (Punjab) [India] July 24 (ANI/PRNewswire): The placements of passing-out batch 2020 have bucked the fears of a slowdown in campus recruitments due to the global pandemic and lockdown situation prevailing in the country.
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Nepal's Central Bank unveils monetary policy for FY 2020-21 to mitigate ec
Updated : 5 years, 8 months ago IST
Kathmandu [Nepal], July 18 (ANI): Nepal's Central Bank on Friday unveiled rescue packages through its annual monetary policy to mitigate the economic effects of Covid-19, promising to help support businesses get back on their feet.
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US labour market faces slowdown amid COVID-19 surge
Updated : 5 years, 8 months ago IST
Washington D.C. [USA], July 18 (ANI): The US labour market recovery is losing momentum, as a new wave of coronavirus infections causes heightened employer uncertainty and consumer caution, The WallStreet Journal reported.
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American Airlines warns 25,000 employees of possible job cuts amid pandemi
Updated : 5 years, 8 months ago IST
Moscow [Russia], July 16 (Sputnik/ ANI) - American Airlines has warned about 25,000 its frontline employees about possible job cuts this fall due to a slowdown in air travel demand amid the COVID-19 pandemic, CNBC reported, citing the company's note to the staff.
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HBN Events initiate event management revival post lockdown
Updated : 5 years, 8 months ago IST
Lucknow (Uttar Pradesh) [India] July 8 (ANI/NewsVoir): Given that the world is battling against time to deal with COVID-19, the virus reiterates its disruptive power to economic slowdown while severely impacting the business across the globe.
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