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COVID-19 impact: 59% small biz likely to scale down, shut shop

When asked about how long they can continue with the cash in hand based on the current monthly operating costs, 33 per cent said they have less than a month worth of cash, whereas 8 per cent said they are already out of cash ....

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Recovery momentum in automotive sector to decelerate: ICRA


Recovery momentum in automotive sector to decelerate: ICRA
The steepest downward revision of growth prospects is in the two-wheeler segment in fiscal 2022 where ICRA now believes growth will be in the range of 10-12 per cent against an earlier projection of 16-18 per cent
Sumant Banerji | May 20, 2021 | Updated 16:45 IST
COVID-19 second wave to take toll on auto industry
KEY HIGHLIGHTS:
Domestic two wheeler segment to witness a growth of 10-12% in fiscal 2022 against an earlier projection of 16-18%
Passenger vehicle sales will also grow by 17-20% against 22-25% growth projection earlier
Commercial vehicles growth has been revised to 21-24% against 27-30% on the low base of fiscal 2021 ....

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