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India runs special trains to help people reach home

Bloomberg India has started running special trains to help people separated from their families by a nationwide lockdown to reach back home. The government started running the trains from May 1 to move migrant workers, pilgrims, tourists, students and other people stranded across the country due to the lockdown, the Ministry of Home Affairs said. The lockdown, which was scheduled ...

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Covid-19: Indian carmakers witness zero sales in April

Bloomberg India’s top carmakers couldn’t ship a single vehicle to dealers in April as they shut production after Prime Minister Narendra Modi announced the world’s biggest stay-at-home restrictions to stop the coronavirus from spreading. Maruti Suzuki India Ltd, which produces about half the cars on India’s roads, and Mahindra & Mahindra Ltd, the nation’s biggest SUV maker, recorded no sales ...

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Exxon posts historic loss on rout with Chevron in retreat

Bloomberg Exxon Mobil Corp posted its first loss in at least three decades and Chevron Corp. slashed $2 billion off its spending plan, the latest concrete signs of the financial devastation the coronavirus pandemic will inflict on the oil giants for months, if not years, to come. Exxon reported a $610 million loss on May 01, the oil giant’s first ...

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