Page 211 - Latest Updates on Lockdown
Industry asks for more
But the government's economic package has a lot going for India's private sector
Inflation should be managed carefully
It's one of those rare periods where deflation is also possible. The RBI may have to adjust money supply in either direction
Cargo volume at major ports slip 21% in April; Chennai, JNPT severely hit
Chennai Port saw a massive 38.17 per cent fall in cargo handling to 2.44 MT, and JNPT declined by 33.97 per cent to 3.95 MT in April
 "Cargo volume at major ports slip 21% in April; Chennai, JNPT severely hit")
With falling revenue, Maharashtra facing its worst economic & health crisis
The government estimated around Rs 30,000 crore of monthly revenues, but with the state under two months of lockdown, its receipts have shrunk
 "With falling revenue, Maharashtra facing its worst economic & health crisis")
We need more time to resume domestic air travel: Uddhav to Centre
Amid the rising number of Covid-19 cases in Maharashtra, Thackeray also said there was a need to be extra cautious during monsoon
 "We need more time to resume domestic air travel: Uddhav to Centre")
Guidelines for domestic air travel, train journey issued: Check all details
Asymptomatic passengers should be permitted to travel after being asked to self-monitor for 14 days, the ministry said
 "Guidelines for domestic air travel, train journey issued: Check all details")
RBI's 40 bps rate cut to revive auto, real estate sales, say CEOs
Rise in group exposure limits to help large corporates
 "RBI's 40 bps rate cut to revive auto, real estate sales, say CEOs")
India Inc welcomes RBI's rate cut, says will revive demand in auto, realty
Falling rates to help; rise in group exposure limits will support large companies
 "India Inc welcomes RBI's rate cut, says will revive demand in auto, realty")
Covid-19: Delhi to hire 200 cabs; Assam says return only if necessary
In the south, Telangana continued to witness a jump in Covid-19 cases on Saturday, with 52 fresh cases reported besides a death
 "Covid-19: Delhi to hire 200 cabs; Assam says return only if necessary")
Employee at Maruti Suzuki's Manesar plant tests positive for Covid-19
The company is also looking at "a possibility of a second case" of infection at the facility but has ruled out any impact on the business part due to the situation.
 "Employee at Maruti Suzuki's Manesar plant tests positive for Covid-19")
PE firms express concerns over new FDI rules, say investments will get hit
Urge govt not to slap the rule on PE funds that have already raised money
 "PE firms express concerns over new FDI rules, say investments will get hit")
Record jump in Covid-19 cases as tally crosses 125,000; 1st case in Sikkim
Active cases rose to 69,597, while 51,783 people have recovered and a patient has migrated, according to the ministry bulletin
 "Record jump in Covid-19 cases as tally crosses 125,000; 1st case in Sikkim")
DMart Q4 PBT growth slows amid curbs; Ebitda margin contracts by 80 bps
Net profit margin at 4.6% in the March quarter was in line with the number reported a year ago (4%)
 "DMart Q4 PBT growth slows amid curbs; Ebitda margin contracts by 80 bps")
Amid coronavirus crisis, states set to ground Centre's flight plan
Maharashtra blocks operations; others suggest quarantine for passengers
 "Amid coronavirus crisis, states set to ground Centre's flight plan")
Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme
Under the scheme, the government will offer 100 per cent guarantee on loans.
 "Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme")
Railways draws plan to transport 4.6 million migrants in 10 days
As many as 3.6 million people taken to their homes in inter-state Shramik Special trains
 "Railways draws plan to transport 4.6 million migrants in 10 days")
Debt and coronavirus push Hertz Global Holdings into bankruptcy protection
By the end of March, Hertz Global Holdings Inc had racked up $18.7 billion in debt with only $1 billion of available cash
 "Debt and coronavirus push Hertz Global Holdings into bankruptcy protection")
The economic crisis and India's role in post-coronavirus multilateralism
The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty
 "The economic crisis and India's role in post-coronavirus multilateralism")
Cement being bought mostly in villages, tier-II cities: Shree Cement MD
H M Bangur expects demand to return once Covid-19 cases subside and the stimulus package ensures a robust supply side
 "Cement being bought mostly in villages, tier-II cities: Shree Cement MD")
Partnering govts to help people get reskilled: Coursera's Raghav Gupta
He talks about the latest trends, initiatives and the fallout of the pandemic
 "Partnering govts to help people get reskilled: Coursera's Raghav Gupta")