User: meerak Topic: all-bengaluru
Category: Bengaluru business
Last updated: Apr 08 2020 19:28 IST RSS 2.0
 
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Sensex, Nifty end lower on fears of lockdown extension 8.4.2020 Reuters: Money News
Indian stocks closed lower on Wednesday as investors locked in some recent gains amid fears of an extension of the coronavirus-led lockdown and its impact on business.
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Pulp friction: Border jams delay supply of toilet paper's only ingredient 8.4.2020 Reuters: Money News
As several European borders limit travel to stop the spread of COVID-19, two of the world's biggest pulp makers say transportation logjams are delaying shipments of the raw material - the only ingredient in the toilet paper that people are hoarding to weather ...
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Nifty, Sensex rebound to jump 3%; banks, pharma stocks rally 8.4.2020 Reuters: Money News
Indian stocks clawed back early losses to jump more than 3% on Wednesday, as hopes of a phased lifting of an ongoing country-wide lockdown aided investor sentiment.
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Virus slowdown threatens India's restaurants with bitter aftertaste 7.4.2020 Reuters: Top News
After growing tenfold in the last decade, India's restaurant sector fears for the future when a nationwide lockdown is eventually lifted, with customer numbers and spending expected to plunge in the fallout from the coronavirus pandemic.
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'No economic activity will cost India $120 billion' 7.4.2020 Rediff: Business
'We believe there will be a full shutdown for four weeks and a partial shutdown for eight weeks.' 'Hence, economic activity is unlikely to normalise before the end of May.'
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India's March services activity contracts amid coronavirus disruptions 6.4.2020 Reuters: Money News
India's dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand fell sharply as the coronavirus pandemic wreaked havoc globally, a private survey showed.
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How Tata Sky is coping with the lockdown 5.4.2020 Rediff: Business
'If after 3-9 weeks we don't have fresh content, then there is a problem.'
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India Inc lines up as demand for rapid testing grows 3.4.2020 Rediff: Business
The test used now, called PCR (or polymerace chain reaction), uses a nasal or throat swab sample and identifies the virus. These tests take at least five hours to give results. The rapid test, on the other hand, uses a blood sample and gives results based on detecting the presence of certain antibodies that react to the coronavirus protein.
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Gold demand soars in some Asian hubs, lockdowns, supply woes hit others 3.4.2020 Reuters: Money News
Physical bullion markets in major Asian hubs saw a sharp divide this week with some regions seeing a surge in demand, while others grappled with strained supply and muted activity amid global lockdowns due to the coronavirus.
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Grofers to hire 10,000 people to speed up deliveries 3.4.2020 Rediff: Business
Online grocery platform Grofers is looking at hiring 10,000 people for its warehouses and last-mile delivery to clear pending orders quickly and meet the spike in orders on account of the nationwide lockdown. "We are looking to hire 10,000 people for our warehouses and last-mile delivery. This hiring will happen across all 26 cities that we are present in," bigbasket Vice President-Human Resources Tanuja Tewari told PTI.
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Domino's to deliver ITC atta, spices and also hot pizzas 3.4.2020 Rediff: Business
A combo pack of ITC-owned Aashirvaad atta and spices including chili, coriander and turmeric powders will be available on Domino's app. The service will be available in Bengaluru first and will then be expanded to Noida, Mumbai, Kolkata, Chennai and Hyderabad.
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Housing sales, demand for office space may shrink 2.4.2020 Rediff: Business
In a base case, the consultant said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
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India's March factory activity growth at four-month low amid coronavirus spread 2.4.2020 Reuters: Top News
India's manufacturing activity expanded at its slowest pace in four months in March and is likely to get worse as demand and output take a hit from the coronavirus outbreak, putting a severe dent in business optimism, a private survey found.
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SoftBank terminates $3 billion WeWork tender offer 2.4.2020 Reuters: Top News
SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats of legal action from other board members.
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SoftBank to abandon $3 billion deal for additional WeWork shares 2.4.2020 Reuters: Money News
Japan's SoftBank Group Corp will not complete a $3 billion (2.42 billion pounds) tender offer for additional WeWork shares agreed last year with its shareholders, a special committee of the U.S.-based shared-office operator's board said on ...
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Sensex, Nifty end lower as corporates flag lockdown damage 1.4.2020 Reuters: Money News
Indian shares ended lower on Wednesday as companies started laying out the extent of the damage to their businesses from an ongoing coronavirus-led lockdown that has brought Asia's third-largest economy to a standstill.
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Australian regulator approves Asahi-AB Inbev $11 billion Australia deal 1.4.2020 Reuters: Money News
Australia's competition regulator said on Wednesday it will not oppose Asahi Group Holdings Ltd buying Anheuser Busch InBev's domestic operations for $11 billion, after the Japanese firm agreed to sell some of its beer and cider ...
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Covid-19: Residents of Karnataka district flout social distancing rules as curbs eased for 9 hours 31.3.2020 Scroll.in
People resorted to panic buying after a three-day complete lockdown in the district. The district had closed even essential services during this time.
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Disney Chairman Bob Iger to forgo salary amid virus crisis - CNBC 30.3.2020 Reuters: Money News
Walt Disney Inc Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut amid the coronavirus crisis, CNBC reported on Monday, citing an internal email.
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Amazon resumes services, delivery delays to continue 30.3.2020 Rediff: Business
The cities where services have resumed include Bengaluru, Mysore, Pune, Ludhiana, Noida, Gurugram, Raipur, Lucknow, Hyderabad, Kolkata, Ahmedabad and Mumbai. Industry experts believe it would be at least 4-5 days before the backlog of orders can be cleared.
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