Demand for metals melts forcing a rethink on smelting

JSW Steel, one of the country's largest private steel companies, has decided to scale down or suspend production at its units in the wake of the global pandemic.

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THE ECONOMIC TIMES NEWS DIGEST Fri, Mar 27, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

Industry Demand for metals melts forcing a rethink on smelting JSW Steel, one of the country's largest private steel companies, has decided to scale down or suspend production at i... Air India refuses to convert planes to carry cargo "The government had asked us to convert some of our fleet to be used for transportation but that has not been accepte... Food companies seek govt help to clear supply blocks The companies said while the Central government has issued permissions, they haven't percolated to the district-level...

Today's Highlights India finally brings out the heavy artillery FM Nirmala Sitharaman had yesterday announced a Rs 1.70 lakh crore mega rescue package for the country's poor. This, ... SpiceJet offers to fly migrant workers amid lockdown IndiGo and GoAir have also offered their aircraft and crew and staff members to the government for any mission requi... Welcome half-steps RBI, not quite whatever it takes The RBI seems to labour under the delusion that banks respond to an offer of funds with the same alacrity shown by th...

News Mint Street declares war on coronavirus Make no mistake, it is a fight never seen before, Das warned while outlining the risks to Indian economy .... RBI panel finalises steps to save Indian economy India yesterday unveiled a Rs 1.7 lakh crore spending plan to curb the impact of the virus outbreak.... US tops world in virus cases, overtaking China & Italy In the United States, more than 82,000 people have tested positive for COVID-19, edging out Italy, which has reported...

epaper Covid puts Kishore Biyani's Future in Big Bazaar at stake Biyani in talks with investors including Premji Invest to sell a large chunk of the promoter stake in FRL... India under lockdown: Jobs and salaries safe despite disruption, companies tell staff From paying advance salary to honouring joining date for new joinees, cos going all out to reassure employees.... Farmers left stranded with fruit, veggies lying in the fields Farmer leaders said the situation is worse than demonetisation, which only delayed payments and did not damage the cr...

Wealth 3-month moratorium on loans: What it means for you It is expected that all lending institutions will allow a moratorium on loan repayments.... What RBI's rate cut means for EMIs, FD income The RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points...

Dow wraps up strongest three days since 1931 The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition....

RISE India has a portable ventilator to fight Covid-19 To fight the coronavirus pandemic India needs more ventilators, much more. Noida-based AgVa Healthcare, which manufac... Covid-19: Task force to map tech to fund nearly market-ready solutions Nodal officers of ministries and departments concerned have been requested to personally expedite the process of obta... Covid-19 can deal a fatal blow to WeWork WeWork said last week it has access to billions of dollars in debt, but as of September, the company was losing more...

Mutual Funds Coronavirus scare: What should mutual fund investors do now? The current COVID-19-induced correction also provides the perfect opportunity for those who'd like to consolidate and...

Tech Cognizant to give two-thirds of employees 25% more in base pay for working in coronavirus pandemic The Teaneck, New Jersey-headquartered company said the additional payout for employees in India and the Philippines w...

Panache After 'amavasya' tweet, Bachchan claims coronavirus spreads through flies, gets flak from netizens & Health Ministry Health Ministry was quick to refute Bachchan's claim.... Tendulkar, Dhoni donate to fight coronavirus Master Blaster's donation is so far the biggest contribution among India's leading sports stars.... What is chloroquine and can this decades-old drug cure the coronavirus? Around the world, countries are expanding access to hydroxychloroquine (HCQ) and chloroquine (CQ)....

Jobs Firms may delay hiring for a quarter Startups, though, are revising growth plans and consequently, hiring is mostly on hold. "Almost 50% of ongoing interv...

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