Page 116 - Latest Updates on Lockdown
Andhra plans to reopen schools from Sep 5, final decision closer to date
The Andhra Pradesh government has decided to restart schools from September 5, but the final decision will be taken based on the situation when the date approaches
 "Andhra plans to reopen schools from Sep 5, final decision closer to date")
Hindustan Zinc charts path as metal production falls in lockdown impact
With volume growth expected to be soft in FY21, higher base metal prices are crucial for upgrades
 "Hindustan Zinc charts path as metal production falls in lockdown impact")
Air Asia India was fraying before coronavirus, now it's at breaking point
Conflicting news reports say Tatas want to sell their stake and exit, and that the Malaysian partner Air Asia Berhard wants to bow out.
 "Air Asia India was fraying before coronavirus, now it's at breaking point")
Global spread helps Motherson Sumi tackle Covid-19 pandemic pain
The third part of the series looks at how the firm used its first-mover advantage to get production back on track
 "Global spread helps Motherson Sumi tackle Covid-19 pandemic pain")
Covid-19 impact: Over 54% potential buyers prefer used car, says study
Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much
 "Covid-19 impact: Over 54% potential buyers prefer used car, says study")
Covid-19 crisis: Construction workers to soon get migration certificates
This comes after the Covid-19 pandemic highlighted gaps in government database, which, along with other issues, was the reason many construction workers didn't get adequate welfare benefits.
 "Covid-19 crisis: Construction workers to soon get migration certificates")
SBI Life Insurance pre-tax profit up 2.6% to Rs 387.68 crore in Q1
The value of new business was down 29 per cent year on year to Rs 240 crore.
 "SBI Life Insurance pre-tax profit up 2.6% to Rs 387.68 crore in Q1")
Govt to ensure regulatory facilitation for Serum's Covid-19 vaccine trials
Serum Institute of India, the largest vaccine manufacturer in the world, has been chosen by Oxford and its partner AstraZeneca to manufacture the vaccine once it gets ready.
 "Govt to ensure regulatory facilitation for Serum's Covid-19 vaccine trials")
Bankers divided on extending moratorium, fear potential spike in bad loans
Without regulatory intervention, slippages could surge 300 bps
 "Bankers divided on extending moratorium, fear potential spike in bad loans")
Govt extends work from home norms for IT, BPO companies till December 31
Currently, around 85 per cent of the IT workforce is working from home and only those performing critical functions are going to offices
 "Govt extends work from home norms for IT, BPO companies till December 31")
GSK merger helps HUL's top line, but profit before tax down 6% in Q1
Excluding the GSK business, overall revenue declined 7 per cent in the quarter, Srinivas Phatak, chief financial officer, HUL, said in a virtual press meet
 "GSK merger helps HUL's top line, but profit before tax down 6% in Q1")
Covid-19 impact: India's GDP to contract 6.1% in FY21, says Nomura
Nomura said the June quarter will be the 'nadir' from a growth perspective and the economy will contract by 15.2 per cent
 "Covid-19 impact: India's GDP to contract 6.1% in FY21, says Nomura")
Covid-19 lockdown takes the fizz out of Coke's operations in June quarter
Global volume offtake dropped 16 per cent year-on-year (YoY) and its aerated drinks business fell 12 per cent YoY, with the lockdown being the major factor.
 "Covid-19 lockdown takes the fizz out of Coke's operations in June quarter")
'Fine-dining' at home: ITC, Marriott, Taj plot their way out of pandemic
Five star hospitality chains have launched new food and delivery labels to service customers at home. Does this strengthen, or dilute their brands?
 "'Fine-dining' at home: ITC, Marriott, Taj plot their way out of pandemic")
LIVE: Floods continue to ravage Assam; 87 dead, 2,323 villages under water
CBI questions OSD to Rajasthan CM Ashok Gehlot in alleged suicide case of Rajasthan Police officer Vishnudutt Vishnoi amid Rajasthan political crisis. Stay tuned for the latest news of the day
 "LIVE: Floods continue to ravage Assam; 87 dead, 2,323 villages under water")
Total registered firms top 2 million at June-end; over 740,000 closed: Govt
The latest data from the corporate affairs ministry also showed that there were little over 1,215,000 active companies as on June 30.
 "Total registered firms top 2 million at June-end; over 740,000 closed: Govt")
Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis
The United States' largest employer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
 "Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis")
Oil prices jump 3% on coronavirus vaccine hopes, EU stimulus deal
West Texas Intermediate jumped $1.36, or 3.3%, to $42.17 a barrel
 "Oil prices jump 3% on coronavirus vaccine hopes, EU stimulus deal")
Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme
However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs)
 "Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme")
Covid-19: Amarnath Yatra cancelled due to 'serious health concerns'
The decision was taken at a meeting of Shri Amarnathji Shrine Board (SASB)
 "Covid-19: Amarnath Yatra cancelled due to 'serious health concerns'")