Page 261 - Latest Updates on Lockdown
Karnataka announces Rs 1,610 cr package; hikes excise duty on liqour
The state government has decided to announce a relief package for farmers who were not able to market their produce
 "Karnataka announces Rs 1,610 cr package; hikes excise duty on liqour")
Adani Enterprises defers capex plans by six months amid Covid-19 lockdown
Firm posts pre-tax loss of Rs 13.89 crore in Q4 of FY20, has laid out capex of Rs 10,000 cr for FY21
 "Adani Enterprises defers capex plans by six months amid Covid-19 lockdown")
Tamil Nadu industries resume production, slow and steady
Automobile companies use half of their workforce and ensure social distancing as lockdown is eased
 "Tamil Nadu industries resume production, slow and steady")
93% India Inc. workers stressed about returning to office: FYI Survey
Employees fear on account of their health being compromised and that needs to be managed on priority
 "93% India Inc. workers stressed about returning to office: FYI Survey")
Lockdown impact: UP approves 66 special trains to ferry stranded labourers
Yogi government has estimated return of a million labourers in 2 months
Three UPA-era initiatives prove crucial in Modi govt's war on Covid
While they provide a social security for India's poor and destitute, all three have undergone significant changes for better or worse, under the NDA regime
 "Three UPA-era initiatives prove crucial in Modi govt's war on Covid")
Lockdown woes: Property developers bank on online tools to generate sales
March quarter has already seen a 30 per cent drop in residential sales and the whole year is expected to see a similar drop in sales and generating sales is crucial to developers
 "Lockdown woes: Property developers bank on online tools to generate sales")
Covid-19 hinterland digest: Bhopal infections rise but 50% recover
The reason for the rise in cases is the dense population in hotspots and lack of social distancing
 "Covid-19 hinterland digest: Bhopal infections rise but 50% recover")
Private equity players see new business opportunities in post-Covid world
Currently, the PE exposure in credit is limited and constitutes less than a 2 per cent share of the overall credit offered to industry.
 "Private equity players see new business opportunities in post-Covid world")
548 doctors and other healthcare professionals infected in India: Report
Covid-19 has claimed 1,694 lives and infected 49,391 people nationwide till Wednesday morning
Haryana govt gives permission to liquor stores, impose 'Covid cess'
People were seen standing in queues outside liquor shops since early morning today in Gurugram.
 "Haryana govt gives permission to liquor stores, impose 'Covid cess'")
BMW cuts margin outlook for cars division citing coronavirus crisis
The Munich-based group further said it now expects deliveries of motorcycles to be down significantly from 2019 levels.
 "BMW cuts margin outlook for cars division citing coronavirus crisis")
Covid-19 economic impact to be much greater than assessed earlier
Large-scale contraction across sectors in April; which way the GDP will go depends largely on how long the lockdown stays
 "Covid-19 economic impact to be much greater than assessed earlier")
Coronavirus crisis: Texas regulators do not mandate oil production cuts
Global energy demand has tumbled amid coronavirus-related travel and business restrictions and a glut of oil from shale. U.S. crude collapsed to minus $37 a barrel on April 20
 "Coronavirus crisis: Texas regulators do not mandate oil production cuts")
US firms fire thousands of workers, while shareholder reap rewards: Report
American companies have paid a combined $700 million to shareholders while cutting jobs, closing plants and leaving thousands of their workers filing for unemployment benefits
 "US firms fire thousands of workers, while shareholder reap rewards: Report")
Two civic bodies in Mah bar movement of essential service workers to Mumbai
Maharashtra with 15,525 confirmed cases is the worst affected state in the country by Covid-19.
 "Two civic bodies in Mah bar movement of essential service workers to Mumbai")
Hiring activity dips 62% in April in India amid lockdown: Naukri.com
The job market across cities registered a double-digit dip in hiring.
 "Hiring activity dips 62% in April in India amid lockdown: Naukri.com")
Maruti introduces new hygiene norms for dealerships amid Covid-19 pandemic
From the time a customer walks into the showroom till the final delivery of the vehicle, all processes have been scientifically studied, says the company
 "Maruti introduces new hygiene norms for dealerships amid Covid-19 pandemic")
HCL Technologies Q4 preview: EBIT margin may drop; watch for deal pipeline
Emkay Global Financial Services expects net sales (revenue) to rise 2.3 per cent quarter-on-quarter (QoQ) and 16 per cent year-on-year (YoY) to Rs 18,552.7 crore
 "HCL Technologies Q4 preview: EBIT margin may drop; watch for deal pipeline")
Covid-19 impact: Fed sees slow, uneven recovery from slowdown in US economy
More than 30 million Americans have filed for unemployment claims in the last six weeks
 "Covid-19 impact: Fed sees slow, uneven recovery from slowdown in US economy")