NEW DELHI: India’s economic activity showed signs of beginning to cool off in April as several states resorted to lockdowns to control a deadly second wave of the coronavirus.
Although the three-month weighted average scores of eight indicators tracked by Bloomberg News showed the pace of activity was unchanged from March, the single month reading pointed to weakness setting in.
Even more recent data from this month confirmed the softening trend in activity. A basket of high-frequency, alternative and market indicators such as retail activity and road congestion pointed to weakness in the week to May 16, Abhishek Gupta, India economist at Bloomberg Economics, said in a report.
SRINAGAR: Maruti Suzuki India Ltd the largest Automobile Manufacturer of the country has agreed to install two Oxygen PSA Generator Plants of 500 litres per minute capacity each in Jammu and Kashmir under Corporate Social Responsibility (CSR). Responding to the appeal of the Lt.
Covid Fears Paralyse Global Carmakers In India s Detroit Covid Fears Paralyse Global Carmakers In India s Detroit The face-off between automakers and workers underscores the struggle for companies and local authorities to balance economic interests with public health demands.
Workers have challenged Tamil Nadu move to exempt auto industry from lockdown. (Representational)
Automakers with plants in Tamil Nadu, the industry s hub in India, are suspending operations and reducing shifts as employees threaten to go on strike due to health concerns about Covid-19 in the southern state.
Renault Nissan Automotive India Pvt. is caught in a legal dispute with workers at its factory near Chennai, nicknamed the Detroit of India, who say their safety shouldn t be compromised to meet production targets. The workers have also challenged the state s decision to exempt the auto industry from local lockdown rules.
Workers’ union has filed a lawsuit against the automaker and the Tamil Nadu government Published: May 25, 2021 12:47 Bloomberg Renault Nissan told the court last week that it needs to keep the factory running - and is allowed to do so under local rules - as it had a commitment to meet export orders. Image Credit: Reuters
Renault Nissan Automotive India Pvt. is caught in a legal dispute after some of its factory floor staff threatened to stop work on fears of contracting Covid-19 and challenged an exemption granted to the automobile industry from local lockdown rules.
A workers union has filed a lawsuit against the automaker and the Tamil Nadu state government in the Madras High Court, asking why they should endanger their health and well-being by working in the factory, while the rest of the state is placed under a strict lockdown to curb the spread of coronavirus infections. Renault Nissan told the court it