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Top headlines: Govt to release GST dues, tea exports to fall, and more

Business Standard brings you top headlines of the day

Coronavirus spread: Retailers, multiplexes, mall owners spar over rentals

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Retailers fear that after the lockdown is lifted, they have to get rid of at east 20-30% of their workforce to survive

BS Web Team New Delhi

4 min read Last Updated : Apr 08 2020 | 8:22 AM IST

Cash-starved and desperate, states borrow at steep rate in lockdown

The slowdown caused by the lockdown amid coronavirus pushed states to borrow cash at a steep price from the bond market. Domestic investors demanded states to shell out spreads of 140-200 basis points (bps) over the equivalent government securities and they had to agree. However, 19 states could only manage to raise 32,560 cr instead of their intended target of Rs 37,500 crore. Read More...

IT catches Covid-19 bug: Sector's outlook takes a hit on demand concerns

Top firms are under pressure due to weak demand caused by

Topics : Goods and Services Tax Curated Content indian government Tea Exports Non-life insurers Motor insurance IT sector State borrowing retailers trucks

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