coronavirus

Neiman Marcus Group LTD LLC announced that it has entered into a Restructuring Support Agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during...

SMEs, especially in the food processing sector, have remained a critical part of our food economy and our country’s growth engine and their role will be extremely crucial in the post-COVID-world. However, the bigger question now is: how will...

In a late night order on Friday, April 24, 2020, the government had allowed opening of shops as part of the easing down of lockdown restrictions announced on April 15 with neighbourhood shops and others being to re-open allowed...

Chinese and multinational companies are starting to feel disruption in their supply chains as the coronavirus continues to spread; the Chinese government extended the shutdown of factories and businesses, and airlines canceled air routes in and out of the...

Once the economy starts limping back to normal after the COVID-19 induced lay-off , we can hopefully look forward to the speedy opening of thousands of retail outlets across the country. By re-engaging the workforce after this forced hiatus...

The COVID-19 crisis is proving to be a test for businesses with the government announcing a complete nationwide lockdown. While it is hard to predict what the ultimate economic impact of this crisis will be, retail businesses will have...

We have been hearing a lot about organic food, especially since the past 10 years or so. During this time, the market for Organics worldwide, as well as in India, has grown steadily. As per an ASSOCHAM study, the...

Digital payment firm Paytm on Tuesday announced a Rs 100 crore loyalty programme for grocery stores to cover losses faced by merchants from transaction charges. Businesses are now required to pay 1 percent MDR (merchant discount rate) for transferring payment...

Consumer expenditure for essential goods at kirana stores has increased by around 40 percent since the announcement of the nationwide lockdown, a report by SnapBizz said on Tuesday. As per the report, there was a major spike in sales in...

Homegrown FMCG major Dabur India on Tuesday said it has resumed production at all its manufacturing locations following the government relaxing guidelines for the third phase of lockdown. According to a PTI report: The company, which earlier temporarily suspended production...