India may see 0% GDP growth this fiscal year
By Ritu, Capital Sands The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0% expansion in the current...
India’s services activity collapses as coronavirus paralyses global economy
By Ritu, Capital Sands India’s services activity suffered a shock collapse in April as the coronavirus lockdown crippled global demand, causing a historic spike in layoffs and reinforcing fears of...
Delhi imposes 70% ‘corona tax’ on alcohol to deter large crowds
By Ritu, Capital Sands Officials in India’s capital imposed a special tax of 70% on retail liquor purchases from Tuesday, to deter large gatherings at stores as authorities ease a...
UK is past the peak, says PM Johnson, promising lockdown exit plan
By Ritu, Capital Sands Prime Minister Boris Johnson said on Thursday Britain was now past the peak of its coronavirus outbreak and promised to set out a plan next week...
Euro zone economy shrinks at record rate, inflation slows sharply
By Ritu, Capital Sands The Euro zone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply...
Japan’s Abe says impossible to hold Olympics unless pandemic contained
By Ritu, Capital Sands Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics could not take place next year unless the coronavirus pandemic is contained, as the city’s...
Softbank-backed OYO to cut pay of all employees in India
By Ritu, Capital Sands Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% for four months starting April and also sent some of its...
South Asian nations weigh tighter lockdowns as coronavirus cases hit 12,000
By Ritu, Capital Sands India accounts for more than half the tally of those infected with coronavirus across south Asia, which crossed 12,000 on Friday, government data showed, despite a...
Supreme Court order for free coronavirus testing may hinder fight, say business leaders, health experts
By Ritu, Capital Sands A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a...
UK PM Johnson in intensive care, needed oxygen after COVID-19 symptoms worsened
By Ritu, Capital Sands British Prime Minister Boris Johnson was in intensive care on Tuesday after receiving oxygen support for serious COVID-19 complications, leaving his foreign minister to lead the...