Page 125 - Latest Updates on Lockdown
India's auto sales volume will take 3-4 years to recover: Industry body
Nifty auto index, which tumbled nearly 11 per cent in 2019, crashed over 31% in March
 "India's auto sales volume will take 3-4 years to recover: Industry body")
Wall Street opens lower on coronavirus crisis, simmering US-China tensions
New coronavirus restrictions in California hit tech stocks for a second straight day.
 "Wall Street opens lower on coronavirus crisis, simmering US-China tensions")
India Coronavirus Dispatch: Why are so many places locking down again?
No quick return to normal says WHO, Karnataka, Andhra fret as deaths rise, why remittance-dependent states must help recruiting agencies survive-roundup of news on how India is dealing with pandemic
 "India Coronavirus Dispatch: Why are so many places locking down again?")
Covid-19: Total lockdown in Bihar from July 16 to 31 to contain spread
On his official Twitter handle, Sushil Modi said the 15-day lockdown will remain in force at all municipal, district, sub-divisional, block headquarters level and that guidelines were being prepared
 "Covid-19: Total lockdown in Bihar from July 16 to 31 to contain spread")
Mindtree gains 1% ahead of Q1 nos; here's what to expect from the IT firm
Travel and Hospitality vertical contributes nearly 16 per cent to Mindtree's total revenues.
 "Mindtree gains 1% ahead of Q1 nos; here's what to expect from the IT firm")
If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen
Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was being lifted.
 "If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen")
US has biggest coronavirus testing programme in the world, claims Trump
The huge number of positive cases, the president said, is due to the massive testing efforts undertaken by his administration, more extensive than any other country
 "US has biggest coronavirus testing programme in the world, claims Trump")
Coronavirus LIVE: Too many nations are mismanaging their response, says WHO
Coronavirus latest news: Total number of cases in India have reached 882,962. Maharashtra now has 254,427 cases, Delhi 112,494, and Tamil Nadu 1,38,470. Stay tuned for coronavirus LIVE updates
 "Coronavirus LIVE: Too many nations are mismanaging their response, says WHO")
Best of BS Opinion: Environmental protection, Covid-19 crisis, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Environmental protection, Covid-19 crisis, and more")
Retail payments report recovery in May, jump 23% to Rs 24.22 trillion
Total payments that include digital payments and payments made via paper-based instruments rose 12.5 per cent to Rs 94.64 trillion in May, against Rs 84.10 trillion in April.
 "Retail payments report recovery in May, jump 23% to Rs 24.22 trillion")
Big brands tip the scales, grow faster and bigger than regional ones
National consumer brands outpace regional labels three years in a row, reports Kantar. Will the pandemic halt the trend?
Banks to resume wage revision talks with trade union leaders on July 22
Discussions will factor in the impact of the pandemic on banks' finances
 "Banks to resume wage revision talks with trade union leaders on July 22")
Can't turn it into another political game: WHO on schools reopening
We can't turn schools into yet another political football in this game. It's not fair on our children, Ryan said
 "Can't turn it into another political game: WHO on schools reopening")
Life insurance industry to recover in next quarter, says CARE Ratings
CARE Ratings, in a note, said growth could potentially return in Q2 or Q3 and distribution channels could see significant realignment, with digital sales rising at the cost of individual agents
 "Life insurance industry to recover in next quarter, says CARE Ratings")
Bullet train project acquires 60% land, but may fail to meet 2023 deadline
Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.
 "Bullet train project acquires 60% land, but may fail to meet 2023 deadline")
The June recovery and beyond
There will be a limit to the immediate recovery that we witnessed in June
Disney to shut Hong Kong Disneyland again as coronavirus cases rise
The announcement came two days after Disney reopened its biggest resort, Walt Disney World in Orlando, Florida, as coronavirus cases surged in the state.
 "Disney to shut Hong Kong Disneyland again as coronavirus cases rise")
Covid-19: After Swiggy, ITC Hotels ties up with Zomato for delivery of food
COO of ITC Hotels Anil Chadha said with the changing world order owing to the Covid-19 pandemic, these arrangements will help customers get their favourite cuisines sitting at home
 "Covid-19: After Swiggy, ITC Hotels ties up with Zomato for delivery of food")
Punjab govt bans public gatherings, only 5 allowed in marriage functions
The management of marriage halls, hotels and commercial spaces will be held responsible in case the guidelines are violated and they could face suspension of their licences
 "Punjab govt bans public gatherings, only 5 allowed in marriage functions")
India adds 57K cases in 2 days; $1 trillion global corporate debt in 2020
One in every 8 Covid-19 cases added in last 24 hours are in India
 "India adds 57K cases in 2 days; $1 trillion global corporate debt in 2020")