Posts tagged with lockdown

Industrial Output Shrinks by 34.7%
Jul 2020 , by in Latest News, News/Views

India’s factory output shrank sharply for the third straight month in May, though at a slower pace than in April, signalling the severe impact of the nationwide lockdown on production processes. Data released by the Central Statistical Organisation (CSO) showed the index of industrial production (... Read more...

Highway Construction Halved Due to Lockdown
Jul 2020 , by in ALLIED

An acute labour shortage has hit highway construction in April-May. Just 847 km of highways were constructed in the country during the first two months of this fiscal, compared with 1,692 km in the year-ago period. A total of 10,237 km highways were constructed in the whole of 2019-20. The year 2... Read more...

Ambuja Cement: Demand Recovering Well
Jun 2020 , by in ALLIED

Demand has fared better than expectations. Normalization is likely only by 4QCY20. In order to improve profitability, Ambuja is working on various cost reduction measures combined with focus on increasing trade sales (including Premium products). Commissioning of Marwar-Mundwa was expected by end... Read more...

GDP to expand 5% in FY22
May 2020 , by in Latest News, News/Views

The country's economy, which is likely to contract by 5 percent in the current fiscal, may expand by around 5 percent in the next financial year according to Former RBI Governor Duvvuri Subbarao. "I do believe that getting up to 5 percent next year (FY22) is quite probable. The reason I say that ... Read more...

Subsidies for Solar Plants in Chandigarh
May 2020 , by in ALLIED

As the last date for installation of solar plants in private residences has been extended to March 2021, all pending subsidies for the same will be released in two weeks, the Chandigarh Renewal Energy and Science and Technology Promotion Society (CREST) has announced. Under phase 2 of installatio... Read more...

Office Space Demand to Shrink
May 2020 , by in Latest News, News/Views

With the lockdown looking at yet another extension, lease rentals between Rs 250 and Rs 300 a sq ft per month may come under pressure as per property experts. The rents could decline by at least 20% to 30% as companies cut costs and retrench employees. Corporates occupying large floor plates may ... Read more...

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