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Total 22 results found. Search for [ companies forced to shut down factories ]

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Associated Press
May 10, 2021
The shutdown, meanwhile, stretched into its third day, with the Biden administration loosening regulations for the transport of petroleum products on highways as part of an \"all-hands-on-deck\" effort to avoid disruptions


Team BT
New Delhi, April 29, 2021
Industrialised states like Maharashtra, Gujarat and Delhi have been the most affected in the second Covid wave, resulting in large-scale migration of labour and posing a bumpy road ahead for businesses


Prasanna Mohanty
August 30, 2020
Developed economies have sound, fiscally-supported systems to respond to workers' distress in normal times, which they scaled up several notches with higher fiscal support to fight the current crisis. India doesn't have such a system nor did it rise up to the crisis; it isn't even tracking job loss


Ajita Shashidhar and Sonal Khetarpal
New Delhi, May 12, 2020
The coronavirus pandemic is forcing companies to reimagine and reinvent


PTI
May 1, 2020
To no one's surprise, the iPhone was the company's hardest hit segment, with sales for the device falling 7% from the same time last year


BusinessToday.In
April 22, 2020
Sensex, Nifty Live News Today: In terms of sectors, media stocks were rising the most, with Nifty media climbing 4.55% higher, followed by 2.7% rise in energy and 2% gain in auto scrips. In the meanwhile, PSU Bank and realty sectors declining over 1% each, followed by marginal decline in banking and financial indices.


Sumant Banerji
New Delhi, April 1, 2020
Once the current crisis is over, auto companies expect sops to make parts in India. The aim is to diversify sourcing away from a single destination like China


Sumant Banerji
New Delhi, December 11, 2019
India's automobile industry is going through its worst phase but Nirmal Minda has used his experience to help Minda Industries buck the trend


BusinessToday.In
August 23, 2019
Auto slowdown: Addressing the media in New Delhi, Sitharaman said that the government will make auto loans cheaper and the banks will launch repo rate or external benchmark linked loan products.


Reuters
New Delhi, August 22, 2019
Auto companies in India cut more jobs: Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to halt production at plants to combat slumping sales.


Chitranjan Kumar
New Delhi, August 20, 2019
India's cotton-spinning industry has been struggling with profitability over the years due to a sharp decline in yarn exports, cheaper import, state and central level taxes on export and high interest rates, said  Northern India Textile Mills Association (NITMA)


BusinessToday.In
August 18, 2019
Slowdown Blues: The representatives from the automobile industry are seeking an 'End of Life' policy from the central government to check the declining auto sales.


Reuters
New Delhi, August 13, 2019
India's domestic passenger vehicle sales fell for the ninth straight month in July, an auto industry body said on Tuesday, amid a deepening crisis in the country's automobile sector that has triggered large-scale job losses.


Reuters
August 7, 2019
The downturn - regarded by industry executives as the worst suffered by the Indian auto industry - is posing a big challenge for Prime Minister Narendra Modi's government as it begins its second term at a time when India's jobless numbers are climbing.


PTI
June 10, 2019
The car market leader produced a total of 1,51,188 units in May, including Super Carry LCV, down 18.1 per cent from 1,84,612 units in the year-ago month, MSI said in the filing.


Sumant Banerji
New Delhi, December 10, 2018
From hero to bad guy, the fall of Carlos Ghosn is dramatic. With him gone, Renault-Nissan-Mitsubishi, the world's largest automaker, looks set for a bitter boardroom tussle and an uncertain future.


Reuters
New Delhi, November 30, 2016
Prime Minister Narendra Modi's crackdown on tax dodgers and counterfeiters by removing 500 rupee and 1,000 rupee banknotes from circulation has taken the economy down a very bumpy road.


Mail Today Bureau
New Delhi, December 12, 2015
Currently, the tax on aerated beverages like Coke and Pepsi, which have come under severe criticism from health groups due to their high sugar content, is 18 per cent.


PTI
New Delhi, December 21, 2013
In what was one of the most challenging years, adverse exchange rates, after the rupee went on a downward spiral against dollar; higher input costs and fuel prices; and government hiking excise duty on sports utility vehicles (SUVs) compounded problems for automobile companies.


PTI
New Delhi, June 24, 2013
Car sales in India had fallen for a record seventh consecutive month in May this year at 1,43,216 units, down 12.26 per cent from the same month last year, prompting SIAM to caution that the prolonged slump in the market could result in job losses in the automobile sector.


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