Page 113 - Latest Updates on Lockdown
Verizon beats estimates on lockdown boost to phone, internet services
Revenue in Verizon's media unit, which includes Yahoo, HuffPost and TechCrunch, declined 24.5% in the second quarter
 "Verizon beats estimates on lockdown boost to phone, internet services")
IFC to back BioE Ltd's pipeline of vaccines, including for Covid-19
The company will raise $30 mn from IFC to support the proposed expansion plan for its pipeline of vaccines and pharma products, besides playing a role in expediting Covid-19 vaccine development
 "IFC to back BioE Ltd's pipeline of vaccines, including for Covid-19")
Moderna says patent ruling not to affect Covid-19 vaccine development
Moderna shares were up slightly in extended trading, while Arbutus shares closed down 20% on Friday
 "Moderna says patent ruling not to affect Covid-19 vaccine development")
Coronavirus LIVE updates: Delhi's recovery rate improves to over 86%
Coronavirus latest news: Maharashtra now has 357,502 cases, Tamil Nadu 192,964, Delhi 127,364, and Karnataka 80,863. Stay tuned for coronavirus LIVE updates
 "Coronavirus LIVE updates: Delhi's recovery rate improves to over 86%")
RWAs: The powerful new link in the supply chain during the pandemic
The pandemic has changed the way we shop and consume, resulting in new power centres
 "RWAs: The powerful new link in the supply chain during the pandemic")
Wall Street slides as Intel leads sell-off, earnings and pandemic weigh
For the second day in a row, the tech sector weighed heaviest on all three major US stock averages
 "Wall Street slides as Intel leads sell-off, earnings and pandemic weigh")
After all-round Q1 beat, Asian Paints may find it hard to convince Street
Revenue down by 43% and PBT 70%; scepticism is around sustenance of volume recovery
 "After all-round Q1 beat, Asian Paints may find it hard to convince Street")
Google getting serious about competing with Amazon in online shopping
As the coronavirus pandemic continues, the push to create an online shopping marketplace to compete with Amazon has taken on new urgency as consumers are avoiding stores
 "Google getting serious about competing with Amazon in online shopping")
Biggest single-day jump of over 284,000 global cases in last 24 hours
Deaths rose by 9,753, the biggest one-day increase since a record high of 9,797 deaths on April 30.
 "Biggest single-day jump of over 284,000 global cases in last 24 hours")
Covid-19: Boris Johnson accepts he could have done things differently
He has pledged to hold an inquiry into his handling of the coronavirus crisis but not yet.
 "Covid-19: Boris Johnson accepts he could have done things differently")
Why can't America be like Italy?
These days Americans can only envy Italy's success in weathering the coronavirus pandemic
 "Why can't America be like Italy?")
Adar Poonawalla: A rare risk-taking CEO with strong business acumen
Adar Poonawalla's Serum Institute has tied up with AstraZeneca-backed Oxford vaccine candidate for one billion doses which it will make for India and the GAVI vaccine alliance of 58 countries
 "Adar Poonawalla: A rare risk-taking CEO with strong business acumen")
Bajaj Auto plans to cut entry-level motorcycle models by a third
Move aimed at sharpening product amid high demand for cheaper bikes
 "Bajaj Auto plans to cut entry-level motorcycle models by a third")
Hit by Covid-19, ITC's profit before tax dips 34% to Rs 3,435 crore
Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore
 "Hit by Covid-19, ITC's profit before tax dips 34% to Rs 3,435 crore")
Covid-19 crisis: In 2020, housing launches fell below demonetisation levels
At 42,000, new housing units launched during the period in the top seven urban clusters (NCR, MMR, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) fell even lower than post-demonetisation period
 "Covid-19 crisis: In 2020, housing launches fell below demonetisation levels")
India coronavirus dispatch: The next phase needs less fear, more governance
A roundup of articles in Indian news publications on how India is dealing with the Covid-19 pandemic.
 "India coronavirus dispatch: The next phase needs less fear, more governance")
Covid-19 impact: Govt extends cap on airline capacity, fares till Nov 24
On June 26, the government had had allowed airlines to increase flights upto 45% of their total capacity, from the initial cap of one- third of their total capacity.
 "Covid-19 impact: Govt extends cap on airline capacity, fares till Nov 24")
It is not enough to have a strong govt; you need a strong country
While the govt has done many things right, it has also made mistakes that have weakened India. It should acknowledge challenges, reverse economic slide, and build national cohesion, writes T N Ninan
Domestic airfare cap to remain in place till November 24: Aviation Ministry
Domestic passenger services resumed on May 25 after nearly two months of suspension to combat the coronavirus outbreak.
 "Domestic airfare cap to remain in place till November 24: Aviation Ministry")
When phones replace textbooks
It wasn't much of a long-term plan given that schools may not be able to open any time soon