covid-19 outbreak crisis

Covid-19 takes a toll on bellwether firms

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supply chains will be a key concern for investors in the near to medium term.Maruti, the country’s top carmaker, recorded its first quarterly loss in 17 years.

The Suzuki Motor Corp. unit reported a net loss of ₹249 crore in the three months to June, from a year-earlier net profit of ₹1,435 crore.

Revenue fell 80.37% year-on-year (y-o-y) to ₹3,677.5 crore.For InterGlobe Aviation Ltd, which runs IndiGo, revenue from operations dropped 91.9% y-o-y to ₹766.7 crore in the June quarter, resulting in a record net loss of ₹2,844.3 crore.

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