Page 109 - Latest Updates on Lockdown
Digitisation trend makes IT a sound long-term bet, but stay cautious
After the recent rally, direct investors need to be cautious about valuations
 "Digitisation trend makes IT a sound long-term bet, but stay cautious")
Quess Corp expects hiring to pick up on festive demand, unlocking
In the June quarter, the Fairfax-backed company, which derives close to 80 per cent of its revenues from general staffing business, had witnessed a 13 per cent dip in headcount over Q1
 "Quess Corp expects hiring to pick up on festive demand, unlocking")
Kerala reports another 506 cases; toll climbs to 70 with 2 new fatalities
Kerala reported 506 positive cases and 794 recoveries on Thursday as the death toll climbed to 70 with two more fatalities.
 "Kerala reports another 506 cases; toll climbs to 70 with 2 new fatalities")
Mexico economy dropped 17.3% in second quarter as coronavirus bites
Mexico's economic activity plummeted 17.3 per cent in the second quarter compared to the previous as the economic shutdown caused by the Covid-19 pandemic drove the country deeper into a recession
 "Mexico economy dropped 17.3% in second quarter as coronavirus bites")
Covid-19: Malaysia's AirAsia X posts first-quarter loss, seeks liquidity
AirAsia X's fleet was grounded in mid-April apart from a limited number of cargo and charter flights
 "Covid-19: Malaysia's AirAsia X posts first-quarter loss, seeks liquidity")
1.4 mn sought US jobless aid last week underlining Covid-19 devastation
The Labor Department's report Thursday marked the 19th straight week that more than 1 million people have applied for unemployment benefits
 "1.4 mn sought US jobless aid last week underlining Covid-19 devastation")
Treat demise of CIL employee due to Covid-19 as accidental death: Minister
The company is eyeing one billion tonne of production by 2023-2024
 "Treat demise of CIL employee due to Covid-19 as accidental death: Minister")
Convert properties at Lavasa into Covid-19 facilities: BJP MP from Pune
Bapat asked the district administration to take control of those properties for further steps
 "Convert properties at Lavasa into Covid-19 facilities: BJP MP from Pune")
Coronavirus death toll in the US surpasses 150,000-mark: Johns Hopkins
California on Wednesday reported 197 Covid-related deaths in a single day
 "Coronavirus death toll in the US surpasses 150,000-mark: Johns Hopkins")
Covid-19: Indian Red Cross Society to buy 180,000 face masks from KVIC
The execution of this order will require over 20,000 meters of fabric which will generate 9,000 additional man-days
 "Covid-19: Indian Red Cross Society to buy 180,000 face masks from KVIC")
Volkswagen cuts dividend as profits evaporate in pandemic sales slump
Volkswagen cut its dividend proposal for 2019 to 4.80 euros per ordinary share
 "Volkswagen cuts dividend as profits evaporate in pandemic sales slump")
Housing sales reviving, end-user demand may strengthen: Mahindra Lifespace
The expectations of land owners have softened after the outbreak of Covid-19
 "Housing sales reviving, end-user demand may strengthen: Mahindra Lifespace")
1 million Covid-19 tests per day in India in next two months: Harsh Vardhan
Vardhan asserted that while global efforts are on to find a vaccine against the novel coronavirus, India is not behind
 "1 million Covid-19 tests per day in India in next two months: Harsh Vardhan")
Covid-19 updates: Unlock 3.0 guidelines, 105-year-old recovers, and more
According to the ICMR, a cumulative total of 1,81,90,382 samples have been tested up to July 29 with 4,46,642 samples being tested on Wednesday
 "Covid-19 updates: Unlock 3.0 guidelines, 105-year-old recovers, and more")
Nestle cuts 2020 growth forecast as consumers ate into stockpiles in Q2
Swiss giant lowers its expectations for organic growth this year to 2-3%, from 'more than 3.5%' previously
 "Nestle cuts 2020 growth forecast as consumers ate into stockpiles in Q2")
Unlock 3: Night curfew ends, no schools till August 31, gyms can reopen
The government ignored demands by cinema hall owners for reopening. Theatres, bars, and places of congregation will also remain shut
 "Unlock 3: Night curfew ends, no schools till August 31, gyms can reopen")
Gold jewellery demand in India slumps 74% in June quarter on Covid-19
The strict lockdown imposed in late March eclipsed the gold buying festival of Akshaya Tritiya
 "Gold jewellery demand in India slumps 74% in June quarter on Covid-19")
Maharashtra Govt issues directions to extend lockdown till August 31
Maharashtra has so far reported 1,44,998 active cases so far, according to the Ministry of Health and Family Welfare
 "Maharashtra Govt issues directions to extend lockdown till August 31")
Amul widens the brand pitch amid lockdown as it looks to reinvent itself
With a slew of new product launches and brand extensions through the lockdown, the dairy major looks to reinvent the brand
 "Amul widens the brand pitch amid lockdown as it looks to reinvent itself")
Imperative for banks to expand balance sheets: India Ratings report
The RBI's conscious steps to reduce the repo rate have also lowered the marginal cost of fund-based lending rate across banks, ratings agency said
 "Imperative for banks to expand balance sheets: India Ratings report")