Page 117 - Latest Updates on Lockdown
With stadiums, theatres closed, Coca-Cola's Q2 revenue plunges 28%
Coke's revenue fell to $7.2 billion, matching expectations. The company's shares rose 2% before the opening bell Tuesday
 "With stadiums, theatres closed, Coca-Cola's Q2 revenue plunges 28%")
India reports 37,148 new coronavirus cases in 24 hrs, tally at 11,55,191
The death toll due to the disease rises to 28,084 with 587 fatalities reported in a day
 "India reports 37,148 new coronavirus cases in 24 hrs, tally at 11,55,191")
Coronavirus LIVE updates: Delhi records lowest daily cases in a month
Coronavirus latest news: Total number of cases in India at 1,119,412. Maharashtra has 310,455 cases, Delhi 1,22,793, Tamil Nadu 175,678. Stay tuned for coronavirus LIVE updates
 "Coronavirus LIVE updates: Delhi records lowest daily cases in a month")
Economic activity reviving; GST collections good sign: CBDT chief Mody
He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.
 "Economic activity reviving; GST collections good sign: CBDT chief Mody")
Firm realisations, cost control boost ACC's June quarter performance
Improvement in per tonne profitability, despite sharp fall in volumes due to lockdown, may lead to earnings upgrade
 "Firm realisations, cost control boost ACC's June quarter performance")
Indian medical experts hail Oxford trial results for Covid-19 vaccine
From clinicians to pathology experts, doctors in the country feel the Oxford trials have been the 'most transparent' one by far
 "Indian medical experts hail Oxford trial results for Covid-19 vaccine")
Adevinta wins auction to buy eBay's classified ads unit for $9 billion
The acquisition comes as the coronavirus crisis boosts demand for online marketplaces, with consumers turning to online shopping due to prolonged lockdowns and social distancing measures
 "Adevinta wins auction to buy eBay's classified ads unit for $9 billion")
China has blown its historic opportunity
The Covid-19 pandemic offered China an opportunity to cement this strategy of remaking the world economic order on its terms
Air travel bubble takes flight even as demand tapers due to entry curbs
Air France and United have already commenced bookings for travel from Paris and Newark to India, while Lufthansa is yet to open inbound sales
 "Air travel bubble takes flight even as demand tapers due to entry curbs")
Bengal announces 2-day lockdown every week; community transmission detected
All offices, transport services will be shut down on Thursdays and Saturdays
 "Bengal announces 2-day lockdown every week; community transmission detected")
Some local lessons
Testing and tracing have been critical in containing the pandemic
 "Some local lessons")
Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
 "Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1")
From TCS to Wipro, top IT firms' headcount drops first time in a decade
The data compiled by the BS Research Bureau shows that never before have all four firms seen a fall in staff count, at least not for a decade, despite several business cycles.
 "From TCS to Wipro, top IT firms' headcount drops first time in a decade")
MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker
Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial system due to the Covid-19 pandemic.
 "MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker")
Letter to BS: Online education can help maintain continuity in curriculum
Online classes are convenient, financially beneficial, bring education home, teach self-discipline and expose students to a global college
 "Letter to BS: Online education can help maintain continuity in curriculum")
Letter to BS: Tough task ahead for HRs with WFH being the new normal
At the very top of the HR tree, there might be clarity on the way forward
 "Letter to BS: Tough task ahead for HRs with WFH being the new normal")
Covid-19 casts a new light on steel as rural India provides some succour
With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products
 "Covid-19 casts a new light on steel as rural India provides some succour")
Theatre of the absurd
Some recent decisions taken by Air India's board are beyond comprehension
Cement demand likely to shrink by up to 25% in FY21 due to lockdown: Icra
While rural housing and infrastructure projects in remote areas would support cement consumption, urban-led demand is headed for a slowdown
 "Cement demand likely to shrink by up to 25% in FY21 due to lockdown: Icra")
Britannia to pump in Rs 700 crore in 2.5 years, says MD Varun Berry
The domestic biscuits market is estimated to have grown between 15-17 per cent in Q1, led by in-home consumption in urban areas and migrants making their way back to the countryside.
 "Britannia to pump in Rs 700 crore in 2.5 years, says MD Varun Berry")