Page 134 - Latest Updates on Lockdown
Green shoots of economic revival have emerged, will grow further: Govt
The report further said that India's forex reserves at $505.6 bn as on June 19 continue to provide a crucial cushion to external shocks on the back of higher FDI, portfolio flows and low oil prices
 "Green shoots of economic revival have emerged, will grow further: Govt")
Pandemic queers the pitch for pro sports
For the BCCI, while the payoffs for hosting the IPL this year are huge, the pandemic and then the border tension with China have complicated the issue
Covid-19 crisis: We're adapting to new normal, says N Chandrasekaran
The consolidated top line of Tata Consumer Products for FY20 stood at Rs 9,637 crore after the merger.
 "Covid-19 crisis: We're adapting to new normal, says N Chandrasekaran")
Inevitability of defaults: Promoters gripe over loans being sold to ARCs
'Once the moratorium is lifted, we expect several companies to default. The bank will have no other option but to either restructure the loan or sell it to ARCs,' says a banker
 "Inevitability of defaults: Promoters gripe over loans being sold to ARCs")
The bright spot
Expansion of public health care will help fight the pandemic
 "The bright spot")
Solar capacity addition in 2020-21 likely to be 15% lower at 5.5 GW: Report
The solar capacity addition in 2019-20 was also 15 per cent lower at 6.5 GW than its earlier forecast of around 7-7.5 GW
 "Solar capacity addition in 2020-21 likely to be 15% lower at 5.5 GW: Report")
Relaxed capital-raising norms will help companies stay in survival mode
Sebi's moves towards relaxing capital-raising norms will help companies stay in survival mode and should be the start of many more adjustments
 "Relaxed capital-raising norms will help companies stay in survival mode")
The art of metamorphosis
A relief effort in Goa is transforming into a movement to drive long-term change
India likely to export 6 million tonnes of sugar in 2019-20: Trade body
The current season began on October 1
 "India likely to export 6 million tonnes of sugar in 2019-20: Trade body")
Airtel, Vodafone Idea's Q1 mobile revenues to fall due to lockdown: Report
APRU is expected to decline sequentially in Q1 of 2020-21 after healthy growth in the preceding quarter (Q4FY20)
 "Airtel, Vodafone Idea's Q1 mobile revenues to fall due to lockdown: Report")
SpiceJet operating 25 repatriation flights from UAE, Saudi Arabia and Oman
In a press release, the airline said it will help bring back close to 4,500 Indians stranded in the UAE, Saudi Arabia and Oman due to the coronavirus-induced lockdown.
 "SpiceJet operating 25 repatriation flights from UAE, Saudi Arabia and Oman")
Godrej Consumer expects mid single-digit sales growth in Q1 of FY21
Growth will be driven by higher volumes, says company
 "Godrej Consumer expects mid single-digit sales growth in Q1 of FY21")
People turn to dating apps for companionship during lockdown: Report
Razorpay study says digital payments have rebounded by 23% the past 30 days, consumer payment behaviour has changed due to stress in income across households
 "People turn to dating apps for companionship during lockdown: Report")
Covid-19: Vikram Sarabhai Space Centre to work with minimum essential staff
With triple lockdown imposed in Thiruvananthapuram Corporation area from 6 am today amid Covid-19, Vikram Sarabhai Space Centre will function with the required minimum essential staff
Marico declines 4% on profit-booking post June quarter business update
The manufacturing of parachute & value-added hair oils was significantly impacted by lockdown with billing only resuming in the latter part of April.
 "Marico declines 4% on profit-booking post June quarter business update")
Coronavirus tests in India cross 10 million; 1,105 labs functioning: ICMR
There are now 1,105 testing labs in the country comprising 788 in the public sector and 317 private labs
 "Coronavirus tests in India cross 10 million; 1,105 labs functioning: ICMR")
Kerala govt makes compulsory for public to follow Covid-19 norms till 2021
The norms have been issued under the 'Kerala Epidemic Disease Corona Virus Disease (Covid-19) Additional Regulations, 2020'
 "Kerala govt makes compulsory for public to follow Covid-19 norms till 2021")
Coronavirus LIVE: India beats Russia in cases, becomes third most affected
Coronavirus latest news: The global caseload from the deadly infection reached 11,500,646 during the day and the fatalities spiked to 535,856. Stay tuned for coronavirus LIVE updates
 "Coronavirus LIVE: India beats Russia in cases, becomes third most affected")
FMCG: After decade-low volume performance in Q4, worst yet to come
Q4 was weaker than demonetisation and GST periods, and June quarter is expected to see further pain despite hopes from better rural demand
 "FMCG: After decade-low volume performance in Q4, worst yet to come")
FinMin may review capital requirement of PSU banks after second quarter
There is widespread fear that non-performing assets (NPAs) of the banks will witness a surge due to the economic slowdown triggered by the Covid-19 outbreak and resultant lockdowns
 "FinMin may review capital requirement of PSU banks after second quarter")