Indian companies shut factories, issue profit warnings

A large number of manufacturing companies in India have informed that they are shutting down their plants in accordance to the government’s action plan to combat Coronavirus COVID 19, with some warning that this will impact earnings. “The domestic industry is being impacted in unprecedented ways with increasing levels of uncertainty,” said Polycab Industries, one […]

CORONAVIRUS: Superstar Mohanlal calls for magical clapping

Malayalam Superstar Mohanlal expressed frustration at the high number of people who are refusing to heed government’s instructions on combating Coronavirus, and compared community clapping to magic that can destroy bacteria and viruses. “It won’t do to just say that we are not used to [such restrictions],” Mohanlal said in an interview with Malayalam channel […]

‘Escaped’ Coronavirus patient derails Kochi-Dubai flight

A UK national who had ‘escaped’ quarantine in Kerala after being suspected for COVID-19 infection was today identified on a flight from Kochi to Dubai, resulting in an indefinite delay in the flight. The passenger, who was staying at the ‘Tea County’ resort in the hill station of Munnar, was tested for Coronavirus COVID-19 on […]

SpiceJet down 20%, Ajay Singh reassures investors

Ajay Singh, the entrepreneur who founded and currently heads budget airline SpiceJet, reassured investors and other stakeholders after his company’s stock fell 20% today as part of a broader market correction. Shares of SpiceJet were down Rs 12.05 at Rs 48.30 at close on the National Stock Exchange today. Shares of rival and market leader […]

Kerala Coronavirus family blames immigration officials for blunder

The Ranni, Kerala-based family that is being blamed for spreading Coronavirus in the state said they disclosed their Italian connection to immigration officials, but were allowed to walk out without any screening. “We did tell them,” said the young man in the three-member family in a widely-circulated audio message. “We told them we are coming […]