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Covid-19 impact: India Inc tightens purse strings amid hazy outlook for business

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₹16,340 crore to about ₹9,000 crore, postponing work on long-term projects meant to nearly double its plant capacities.“We don’t expect a V-shaped demand recovery in India.

We see weak demand till September-October," said M.V.S. Seshagiri Rao, joint managing director and group chief financial officer, JSW Steel in a 27 May interview.On Friday, aluminium and copper products maker Hindalco said that it would slow down some of its expansion plans for this fiscal, pushing work to the second half of the year instead of the first six months.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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