Tuesday, April 28, 2020

April 28, 2020 - Banks have done nothing to help retailers, says Retailers Association of India

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TradeBriefs Editorial

From the Editor's Desk

Popular heartburn medicine being studied as treatment for coronavirus

Over the past few weeks researchers have been discreetly studying a new potential treatment for COVID-19 -- and it might not be what you expect.

The treatment in question is called famotidine, and it's the active ingredient in Pepcid, an over-the-counter medication commonly used to alleviate heartburn.

Since March 13, researchers at Northwell Health, a network of hospitals in New York, have been enrolling patients hospitalized with COVID-19 into their study of famotidine, which is being delivered through an IV in megadoses nine times greater than the typical over-the-counter dose. The drug is being given in combination with the much-touted antimalarial hydroxychloroquine.

Continued here


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Retail
Banks have done nothing to help retailers, says Retailers Association of India
Banks have done nothing to help retailers, says Retailers Association of India
'The banks are not giving any kind of finance to retailers although RBI has stepped in. It is not happening on the ground,' said RAI chief Kumar Rajagopalan.


Retail
Reimagining stores for retail's next normal
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As the COVID-19 pandemic erupted, hundreds of thousands of stores across the United States shut their doors, unsure as to when they would reopen. “At some point, retail stores will reopen – but unless apparel and specialty retailers redefine the role of the store and revamp store operations, they will be ill prepared for the …


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Finance
India considers proposal to guarantee $39 billion of small-business loans

India is considering a proposal to guarantee as much as $39 billion of loans to small businesses.


Finance
RBI announces ₹50,000 crore lifeline for mutual funds: 10 points

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Finance
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Food/FMCG
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Food/FMCG
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Software
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The Chairman of early stage startup accelerator and venture fund, Axilor Ventures, also said that many of the smaller Indian startups have found that ..


Software
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Software
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Since IBM's CEO, Arvind Krishna took control, he has faced profound questions that seek to address whether he is ready to make disruptive changes to the company. Will these changes lead to the company catching up to the top three in cloud? If so, IBM will not be the first to deliver accelerated performance in…


Software
Sequoia Capital's Surge backs 7 Indian early-stage startups

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Ecommerce
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Digital
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Franchise
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The Timaru economy is set to get a boost as fast food chains prepares to reopen with an order for 233,000 kilograms of South Canterbury potatoes.


Franchise
Without weddings and fewer Indians in a celebratory mood, Titan's sales to remain muted for the next 2 years

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HR
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Though India does not have similar jobs data reporting structure during this pandemic, it is easy to see that the job market this year will be the most challenging that we have seen in our lifetimes.


HR
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Logistics
Amazon India to use more rail routes for faster deliveries amid lockdown

Amazon India will transport consignments via rail across the country and is leveraging the 'COVID-19 Parcel Special Trains' introduced by the Indian Railways to ramp up its operations to 55 lanes during the lockdown period, according to a statement.


Logistics
No relief here: On the front lines of COVID-19 fight, trucking community continues to be in a limbo

To ensure the smooth running of the country's logistics industry, the government, in the phase-2 of the nationwide lockdown, brought in many relaxations to aid the transportation sector. But did it result in any material change on the ground?


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Construction
6-month GST payment freeze for worst-hit sectors, a lower rate for realty among Covid options mulled

Other proposals include switch to a cash-based tax system from current invoice-based one.


Construction
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Marketing
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Marketing
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The objective is to encourage a higher level of expenditure by profitable companies, which will in turn accelerate the revival of economic activity.


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Politics
Coronavirus Outbreak: Centre making conflicting statements on lockdown, not providing funds to states, alleges Mamata Banerjee
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Politics
Donald Trump Appears To Confirm That North Korea's Kim Jong-Un Is Alive
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US President Donald Trump on Monday appeared to confirm that North Korean leader Kim Jong Un is alive, saying he wished him well after days of speculation over the dictator's whereabouts.


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Sports
'I was on course for top-15': Lakshya Sen counts losses amid Covid-19 lockdown
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Sports
Tokyo Olympics: A multitude of questions but few answers in face of pandemic
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Entertainment
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Entertainment
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