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Indian
India to post strong GDP growth in coming quarters: S&P
India Inc resorted to salary cuts in Q1, will be drag on economic recovery: Report
The “weak” wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said.
An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand. Resuscitating wages will be critical for a revival of the overall economy and Capex cycle, which has been languishing even before the COVID-19 outbreak, it said., it said.
At least 50 missing after boat capsizes on Brahmaputra in Assam
Jorhat district police chief Ankur Jain said that the police and the disaster management personnel located the capsized boat about 350 metres from the riverbank.
“We have rescued around 20 people on board the boar from various places downstream. However, around 50 people are missing till late evening,” he told the media adding that the searches for the missing people are on.
‘Everyone is scared’: Govt’s criticism of Infosys, Tata worries India Inc
In India, safeguarding domestic businesses has been Modi’s priority. While government or RSS criticism of foreign businesses like Amazon and Monsanto is common, local businesses are rarely caught in the crossfire.
But the latest events have raised concerns among business leaders about whether Modi is now taking a hardline approach towards domestic giants as well, five industry sources said.
One venture-capital executive said the criticism was akin to “harassment” of businesses and risks souring investor sentiment.
International
Most airlines may go bankrupt by May without govt action on Coronavirus
RMS appoints Michael Steel as global head of business development
Steel said, “The insurance industry is at a key inflection point in terms of harnessing advances in data, analytics, and technology. RMS has always been the leader in catastrophe modeling and the significant investments it is making in technology solutions will assist the industry to navigate through this transformation. I am excited by the direction and potential of RMS, and in our ability to deliver, innovate, and grow.”
S&P 500 sheds $2 trillion in value as as trading on Wall Street resumes after 15-minute halt
India bars passengers from EU, UK from March 18 in Covid-19 precaution
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