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Medical device industry suffers up to 85 pc drop in revenues during Apr-June: MT

With drop in surgical treatments due to prevailing Covid-19 pandemic, medical equipment industry is reeling under severe financial crisis as its sales tumble downThe revenue downfall in the cardiology category is up to 60%, while in the orthopaedic industry it is at 85%

1 min read5 Aug 2020
Industry

Retail industry may take a year to recover

A survey showed that 20-25% of the firms may need a capital infusion to stay afloat and about 25% jobs may get impacted

1 min read6 Apr 2020
Markets

After onions and garlic, cooking oil gets costlier

Palm oil prices have shot up by ₹20 a litre, more than 35%, in the last two monthsThe prices of edible oils are increasing in India due to expensive imports from the international market, said executive director of Solvent Extractors Association of India

2 min read21 Dec 2019
Industry

Apparel retailers meet next month to decide on Indian size chart

The move comes after textile minister Smriti Irani reiterated the government’s plans to roll out ‘Size India’CMAI an apex body that represents over 45,000 apparel manufacturers and retailers, will be working on the ‘Size India’

2 min read29 Jan 2019
Politics

FDI in e-commerce: Amazon, Flipkart seek extension of 1 Feb deadline

These norms - which are effective February 1 - are likely to hit Amazon and Flipkart, the hardest. These two e-commerce platforms are also the largest in the country

2 min read16 Jan 2019
Companies

Now, deep discounts on Swiggy, Zomato, others questioned

National Restaurant Association of India has raised concerns over deep discounting and data masking by foodtech startups such as Swiggy, Zomato, Uber Eats and Foodpanda

1 min read8 Jan 2019
Politics

Bayer, other seed MNCs hail Supreme Court order on Monsanto Bt cotton patent case

However, National Seeds Association of India (NSAI) President M Prabhakar Rao said the matter was not decided either on facts or on law without a trial and was referred back to a single bench and the situation has come to square one.

2 min read8 Jan 2019
Industry

DoT, COAI plan easy approvals for telecom infrastructure

The Department of Telecommunications and Cellular Operators Association of India will work together to launch an online portal to monitor applications and approvals for setting up telecom infrastructure in India

2 min read20 Nov 2018
Market

SC’s interim order on RBI circular delays resolution, raises uncertainty

Given the petitions challenging RBI's powers to direct banks to refer borrowers to the insolvency court, the SC's ruling in November is critical.

2 min read13 Sep 2018
Companies

Dentsu’s Ashish Bhasin elected president of Advertising Agencies Association of India

Ashish Bhasin takes over the position from Nakul Chopra, who will be the ex officio member of the new AAAI executive committee

1 min read27 Jul 2018
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