The Times Of India Business
Hero MotoCorp to temporarily halt ops at all plants
The country's largest two-wheeler maker Hero MotoCorp on Tuesday said it is temporarily stopping operations at all its manufacturing facilities across the country, including its Global Parts Center (GPC), in the wake of a surge in Covid-19 cases across India.
Second wave's peak may be reached in mid-May: CEA
Amid surging coronavirus cases across the country, chief economic adviser (CEA) K V Subramanian on Tuesday said the peak for the second wave of the pandemic might be reached by the middle of the next month and expressed hope that its impact on the economy would not be large.
Pandemic has increased digital divide: Nilekani
Infosys chairman Nandan Nilekani said that the pandemic has accentuated a digital divide and technology companies should ensure that the benefits of going digital are also reaped by those, who for example, do not own a smartphone.
RBI activity in forex market balanced, says secy
India on Tuesday rejected grounds used by the US treasury department for putting the country on the currency manipulator watchlist, saying the central bank's activities in foreign exchange market were perfectly balanced and it was not accumulating forex reserves.
ITC to go beyond plastic waste neutrality next fiscal
Cigarettes-to-biscuits conglomerate, ITC, which has been solid waste recycling positive for over 13 years, is now all set to move beyond plastic waste neutrality next fiscal. The company will replace and recycle more plastic than it would use through its operations this year.
EPFO net new enrolments grow nearly 20% in Feb
Net new enrolments with retirement fund body EPFO grew by nearly 20 per cent to 12.37 lakh in February compared to the same month in 2020, according to the payroll data released on Tuesday, providing a perspective on formal sector employment amid the coronavirus pandemic.
Bharat Biotech ramps up Covaxin production capacity
To support vaccination campaigns in India and across the globe, Bharat Biotech has ramped up the manufacturing capacity of its Covid-19 vaccine, Covaxin, to 700 million doses per annum, the vaccine maker said on Tuesday.
Localised lockdowns already hitting economic activities: Report
With the pandemic caseload remaining over 2.5 lakh for the second day, a report has warned of the grim economic scenario as with even limited restrictions on people's movement and some businesses, power consumption and e-way GST bill collections are already down.
'India doesn't see logic in US putting it on currency watchlist'
India does not see any logic in the United States putting it on a monitoring list of currency manipulators, a trade ministry official said on Tuesday. "I don't understand any economic logic," of the US move as India's central bank is following a policy that allows currency movements based on market forces, Anup Wadhawan, India's commerce secretary said.
