The World Health Organization on Friday said that a wholesale market in Wuhan, China had played a role in the outbreak of the novel coronavirus in 201

Japan has asked India to allow Japanese companies to resume their work in India. This comes as India witnessed a surge in the number of coronavirus pa

Hyundai Motor India Ltd on Saturday said its factory near Chennai rolled-out 200 cars on the first day of production restart on May 8. The company ha

It was an action-packed week for the economy, as the government and businesses began to map out the way ahead. Catch up on BL’s key stories on the sub

Video-conferencing tool Zoom is releasing an update for its app today as part of its 90-day plan to enhance the tool’s security.In this new update, th

As many as 359 people arrived in Chennai early on Saturday from Dubai in two Air India flights as part of the government’s Vande Bharat Mission to br

US President Donald Trump cast doubt on the future of his Phase-1 trade deal with China, one of the biggest accomplishments of his first term, saying

Facebook-owned messaging service WhatsApp is currently working on a feature that will allow users to connect their WhatsApp account to multiple devic

In Maharashtra, there are enough supplies of cottonseed and there would no delay in seed disbursal to the farmers. Large-scale retail sales of the se

On Monday(May 11), Finance Minister Nirmala Sitharaman will hold a meeting with chief executives of Public Sector banks ( PSBs) and Chairman of State

Homegrown denim-wear brand, Spykar, will look to conserve cash; while temporarily putting on hold expansion plans as it looks at the business re-boot

Smartphone maker Lava has resumed production at its Noida factory after receiving permission from authorities to begin limited operations, the company

The redesigned and revamped official website of Tamil Nadu Agricultural University (TNAU) with the latest information of the activities of its college

The global pandemic has resulted in schools being shut for nearly 3 months with no reopening in sight. The students in certain grades were promoted to

Mobile ATM stationed at Perianaickenpalayam and Vadavalli

At least sixty children were subjected to footage of child sexual abuse streamed into their fitness session on the Zoom video conference app. The clas

The Tamil Nadu government moved the Supreme Court challenging a Madras High Court order for closure of state-run liquor outlets on Saturday on the gro

The death toll due to Covid-19 rose to 1,981 and the number of cases climbed to 59,662 in the country on Saturday, registering an increase of 95 death

Authority for Advance Rulings (AAR) of Karnataka in its recent ruling mentioned that services for fees collection for tonsuring the heads of devotees,

India was the biggest market for Zoom in April in terms of downloads according to Sensor Tower.According to a report by GadgetsNow, the video-conferen

Mahindra Holidays & Resorts India Ltd on Saturday reported a consolidated loss after tax of ₹161.51 crore for the fourth quarter ended March 20

LG Polymers India Ltd on Saturday blamed leaking vapour from a storage tank at its Visakhapatnam plant that killed at least 11 people and forced th

The World Health Organization (WHO) is planning to launch a new coronavirus app to enable people from under-resourced countries to self-assess their s

This is the Indian Navy’s first massive evacuation exercise during the Covid-19 lockdown.

The US is working to temporarily ban the issuance of some work-based visas like H-1B, popular among highly-skilled Indian IT professionals, as well

Road construction companies expected a smooth road in 2020, but the coronavirus-induced lockdown has thrown fresh challenges their way. So, what lies ahead for the companies?

Rail rises to the occasion as trucks were off roads due to lockdown

Uttar Pradesh Chief Minister Yogi Adityanath chaired a high-level meeting of State government officials at his residence in Lucknow, to review the si

Tamil Nadu has constituted a high-level committee under the Chairmanship of former Governor of Reserve Bank of India, C Rangarajan, to advise the gove

The Congress Party has asked the Telangana Government to bring back the migrant labourers stranded in the Gulf countries.Addressing a press conference

Twitter is allowing a few select users to schedule their tweets on its desktop app.The feature was first spotted by The Next Web who reported that a f

The net interest margin was the highest ever at 3.87 per cent in the fourth quarter

The large-cap-oriented fund has contained losses well in these difficult market conditions

EU states should guarantee vouchers for travel cancelled during the coronavirus pandemic and start lifting internal border restrictions in a bid to s

Aggressive capex, manufacturing capabilities for US and a change in domestic strategy make the stock attractive

As people confine themselves to their homes in the lockdown, hackers have increased focus on the targets that they can profit on.Cyber security expert

The evaluation for class 10, 12 Board exams will be done by teachers at their homes and 3,000 schools have been identified as exam centres to deliver

Brigade Malls in Bengaluru is extending a 50% rebate on rent to its tenants from mid-March until its two malls reopen. Phoenix High Street Mall in Mumbai is giving retailers the option of paying March-June rents together in July, according to two top retail executives.

LG, Samsung, Vivo and Xiaomi are also rolling out hyperlocal sales platforms that will connect their offline stores to consumers searching products online so that the outlet nearest to the consumer can deliver the order, industry executives said.

Sources in the company said, McNeal’s role will now be divided between Sriram Venkataraman, who is expected to take over as the CFO of Flipkart as well as the fashion etailer Myntra, and Adarsh Nahata who is currently PhonePe’s CFO.

They also suggested that the levy should not be imposed on services or goods that are executed online but delivered offline – for instance, online hotel bookings, air ticketing and even heavily regulated financial services – besides seeking a clear definition of what comprises online sale of goods, services and the digital or electronic platform.

From laptops to apparels, people are logging on to e-commerce platforms like Amazon, Paytm Mall and Snapdeal to place orders for non-essential items, but lack of adequate manpower amid the lockdown could delay deliveries.

Lockdown could see at least 20% of Indian retailers collapse or wind up their business in next few months. “Ever since the lockdown was imposed on 24th March, the Indian retail sector has lost a gigantic sum of approximately Rs 5.50 lakh crore in this period and is likely to witness at least 20% of Indian retailers collapse and wind up their businesses in the next few months,” CAIT said.

Following these challenging times, CAIT has urged the government to award a substantial package to traders to ensure their survival. COVID-19 has caused a huge dent in retail trade which will have a devastating effect on the whole country, CAIT Secretary-General Praveen Khandelwal said.

Deals on grocery and FMCG had evaporated days before lockdown in March last week when panic buying had started.

Ecommerce leaders including Amazon and Flipkart have been able to recover only one-fifth of their pre-Covid-19 demand even after they opened up sales of non-essentials across smaller towns and cities which fall under the Green and Orange zones, as per analysts and industry insiders.

Large operators of malls such as Xander-backed Virtuous Retail, Select Group, Phoenix Group and Blackstone-backed Nexus have not waived rentals for their tenants.

Kishore Biyani is planning to sell a massive stake to Amazon in an attempt to keep its crown jewel afloat.