Malls may have opened in several cities post-lockdown but multiplexes, food courts, restaurants and gaming zones continue to be shut, because of which revenues of India's top 10 malls would fall by 50% this fiscal.
The sales volume for the June quarter fell 53% YoY to 64 million metric standard cubic meters per day (mmscmd) as piped natural gas (PNG) demand fell 40% and compressed natural gas (CNG) supply dropped 66%.
Free till the end of this year, BackToWork, powered by Zoho Creator, is the latest programme built in India to be introduced as part of the company’s ongoing relief efforts, supporting businesses impacted by the pandemic.
Interestingly, of the 21 Indian unicorns, Chinese investors like Alibaba, Tencent and DST Global have invested in 11 of them. Japanese investor Softbank has investments in 9 of them, while the USA’s Tiger Global has investe
Citing the example of the US post the financial crash of 2008, the Tata Sons chairman said that small-scale entrepreneurs helped that country get back on its feet, creating 60% of net new jobs between 2008-2013.
The agency had earlier pointed that the safeguard duty had increased the implementation cost of around 5.4 giga watt (GW) of solar projects by as much as 15% and compressed the returns of developers by 160 bps.
The move is also in line with the company’s strategy to “accelerate” at-home consumption at a time when the away-from-home consumption segment, which typically forms the bulk of its sales, has been severely impacted.
The recovery for the month of June was largely driven by a choice for personal vehicles over public transport in the current Covid-19 crisis along with high disposable incomes in the rural markets owing to a good harvest and