COVID-19 impact: Private hospitals' operating profit to decline 35-40% in FY21Private hospitals in India are in a tight spot. A triple whammy of postponement in elective surgeries, revenue loss from highly profitable medical tourism segment, and increasing costs will lead to 35-40 per cent drop in operating profits of private hospitals this fiscal, reveals a CRISIL report. The rating agency has also downgraded credit outlook of private hospitals to moderately negative amidst cash flow challe...

The first tranche of the festive sale on e-commerce platforms has been led by small towns with both Amazon and Flipakrt having over 60 per cent sellers from tier-2 and beyond

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With foreign trade pattern changing drastically over the last few months in the wake of global supply disruptions and demand slump among other key factors, lower imports have resulted in fewer containers coming back to India

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said

TikTok was the third most-downloaded app in Pakistan over the past 12 months, behind WhatsApp and Facebook

Discoms in Rajasthan, Tamil Nadu, Uttar Pradesh, Karnataka, Maharashtra, J&K and Telangana account for 81 per cent of the total overdue to gencos

The senior BJP leader said the department should work on the principles of 'swadeshi' and 'swavalamban' (self-reliance) and guide the economy

Government feels if big companies clear their dues, MSMEs will be able to revive their business during festive season

The event will be presided over by Chief Minister Y S Jagan Mohan Reddy in the presence of Union Minister of State for Road Transport and Highways V K Singh

Business confidence improves despite hardly any uptick in demand and corporate leaders' dissatisfaction with government's efforts and its last stimulus

According  to the report, the scheme prompted public sector banks to disburse 2.6 times higher loan amount to MSMEs in June 2020 over February 2020

Speaking at a news conference here during the ongoing annual meeting of the IMF and the World Bank, Georgieva said on Wednesday that focusing on protecting people and on the health of the population remain a priority for India

MSME Ministry in a statement said that it will now be possible to know the emotions of the people involved with or dependent on the MSME sector and address their grievances in real time

Loans against property will also be eligible for recast if they don't fall under the personal loan category

Indian telcos depend a lot on wireless revenue, but this distorted revenue pie can be corrected, thanks to the circumstances created due to COVID-19 and popularity of fixed broadband

India has learnt that growth in GDP does not automatically translate into growth in jobs and that GDP growth does not necessarily mean well-being of a vast majority of population. It needs to put these experiences into work and frame appropriate policy responses to the job crisis

In the post-pandemic era, lenders will increasingly become more conservative, despite a growth in the demand for credit from both retail and institutional customers like SMEs and MSMEs

According to finance ministry sources, so far 69.5 lakh IRNs have been generated by 71,000 users in the first seven days. On the very first day, more than 8.40 lakh IRNs were generated

India Invest 2020 forum: Mahindra also mentioned that after one of the strictest lockdowns globally, India has seen economic recovery and it is reflected in good tractor and automobile sales