India News Headlines: Latest India Business News 13th April 2020
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Quote of the Day: “Keep pushing your limits. Good companies do whatever it takes.” – Sundar Pichai
- Maruti Suzuki India’s chairman R.C. Bhargava has requested the government to announce a fiscal package to support businesses and to create jobs for a quick revival of the economy.
- CEO of Zydus Cadila, Pankaj Patel on Saturday said the Pharma industry produced 20 crore hydroxychloroquine tablets this month.
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Latest India Business News 13th April 2020
- Working capital is adding onto lockdown pain for cash-starved companies as customer payments have been hard to receive.
- China’s central bank, People’s Bank of China (PBOC), increased stake in HDFC to above 1%
- Tata Starbucks is planning on launch drive-through outlets and will also begin home deliveries as it works on a new business model to mitigate the economic impact of COVID19.
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Latest India Business News 13th April 2020
- Automobile dealers seek for immediate financial support from car manufacturers and the government.
- Many people are facing the fear of jobs with the ongoing Lockdown. While some have seen pay cuts, it is now worrying people about their future. This also prompts corporates to look-out for new ways to keep their staff motivated.
- Sandeep Kataria, CEO of Bata India said the company is suffering with zero revenues and fixed costs like rentals, salaries, etc and wants a government stimulus while it gears up for tough times ahead as consumer spending will likely take a while to recover fully even after the Covid-19 crisis gets over.
- Airtel CEO stressed that connectivity, in such a growing time of uncertainty, is absolutely essential and added that the company has taken steps to ensure that its customers stay connected.
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