Economics
Forty Days That Prompted Indian Companies to Write-Off a Quarter
- National lockdown extended for two weeks with some easing
- India formulating ways to restart Asia’s third-largest economy
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M.S. Unnikrishnan’s main focus nowadays is to get his 10 factories in India up and running as the nation slowly starts to exit the world’s strictest stay-at-home restrictions.
Unnikrishnan, managing director of Thermax Ltd., a maker of energy efficient cooling equipment, is still awaiting permission to reopen three more. From Thermax to Kalyani Steel Ltd. companies are slowly being allowed to resume operations from Monday even though the lockdown has been extended for two weeks.