Page 102 - Latest Updates on Lockdown
Whirlpool profit before tax drops 92% to Rs 24.4 crore in June quarter
Its operating income fell by 48 per cent YoY to Rs 1,027 crore, from Rs 1,974 crore.
 "Whirlpool profit before tax drops 92% to Rs 24.4 crore in June quarter")
Covid-19 crisis: Britain pauses on rate, sees unemployment at 2.5 million
BoE says downturn less severe than feared, avoids 'last resort' negative rates
 "Covid-19 crisis: Britain pauses on rate, sees unemployment at 2.5 million")
Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales
Toyota's operating profit plunged 98 per cent to $131.73 million
 "Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales")
Covid-19 impact: Timex Group India Q1 loss widens to Rs 12.42 cr
The company had posted a net loss of Rs 7 crore in the same quarter last fiscal, Timex Group India said in a regulatory filing
 "Covid-19 impact: Timex Group India Q1 loss widens to Rs 12.42 cr")
Edtech start-up Whitehat Jr sold to Byju's on Zoom for $300 million
The deal is the biggest in the Indian edtech sector by far
 "Edtech start-up Whitehat Jr sold to Byju's on Zoom for $300 million")
No layoffs so far, but raging Covid-19 a concern: Bata India chairman
As of March, the company had 9,762 employees across functions and locations, of which 4000-4500 are on third-party contract, he said
 "No layoffs so far, but raging Covid-19 a concern: Bata India chairman")
India's first batch of IVF buffalo calves born amidst Covid-19 lockdown
This initiative will pave the way for rapid multiplication of superior animals at a much faster pace
 "India's first batch of IVF buffalo calves born amidst Covid-19 lockdown")
WHO asks southeast Asia region members to bolster essential health services
The pandemic has put immense strain on health systems across the South-East Asia Region
 "WHO asks southeast Asia region members to bolster essential health services")
India's Covid-19 recovery rate rises to 67.62%, says health ministry
A total of 46,121 Covid-19 patients have been discharged in a span of 24 hours
 "India's Covid-19 recovery rate rises to 67.62%, says health ministry")
Alcoholism drug may help in fight against coronavirus, says study
The potential drugs were taken from the database of medications approved by the US FDA
 "Alcoholism drug may help in fight against coronavirus, says study")
Covid-19: Loss-making Lufthansa forecasts no air travel take-off until 2024
Lufthansa plans to increase short and medium-haul capacity to 55% of prior-year capacity in the fourth quarter
 "Covid-19: Loss-making Lufthansa forecasts no air travel take-off until 2024")
India must look beyond what rating agencies think, says Raghuram Rajan
RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones, he says
 "India must look beyond what rating agencies think, says Raghuram Rajan")
Tests reveal Moderna's vaccine candidate protects mice from coronavirus
Mice showed no evidence of enhanced lung pathology or excessive mucus production, indicating the vaccine did not cause enhanced disease, researchers find
 "Tests reveal Moderna's vaccine candidate protects mice from coronavirus")
IPL 2020: Star & Disney says no to ad discount despite slowdown, Covid-19
The reason: It has assured advertisers that the IPL won't face any trouble in garnering record viewership for the 60-odd matches as the sporting event is being played during the festive season
 "IPL 2020: Star & Disney says no to ad discount despite slowdown, Covid-19")
What it takes to be a senior citizen in India during coronavirus epidemic
Ongoing pandemic has left more of them lonely and feeling vulnerable considering they are wary of stepping out
 "What it takes to be a senior citizen in India during coronavirus epidemic")
China reports 37 new confirmed coronavirus cases, 7 from overseas
No deaths related to the disease were registered on Wednesday, while 10 Covid-19 patients were discharged from hospitals
 "China reports 37 new confirmed coronavirus cases, 7 from overseas")
Coronavirus LIVE: 10,309 new cases in Maharashtra; state tally at 468,265
Coronavirus latest news: India recorded over 400,000 cases in 8 days. US tally has surged to 4,918,240 and Brazil 2,808,076. Stay tuned for coronavirus LIVE updates
 "Coronavirus LIVE: 10,309 new cases in Maharashtra; state tally at 468,265")
US to pay over $1 bn for 100 mn doses of J&J's potential Covid-19 vaccine
J&J has already received $1 billion in funding from the US
As UK eases lockdown, services activity expands at fastest pace in 5 years
IHS Markit's Purchasing Managers' Index rose to 56.5 last month, up from 47.1 in June
 "As UK eases lockdown, services activity expands at fastest pace in 5 years")
Moratorium extension will lead to debt pile-up: Sunil Mehta, CEO, IBA
In an interview, SUNIL MEHTA discusses with Somesh Jha the demerits of extending the loan moratorium window and argues why it is the right time for the regulator to allow banks to restructure loans
 "Moratorium extension will lead to debt pile-up: Sunil Mehta, CEO, IBA")