Page 294 - Latest Updates on Lockdown
Govt says rise in Covid-19 cases linear, not exponential; wants more tests
India had done nearly 15,000 tests for coronavirus on March 23, and more than 500,000 by April 22
 "Govt says rise in Covid-19 cases linear, not exponential; wants more tests")
Covid-19 impact: Hospital stocks take a hit as number of patients falls
While elective surgeries that form 60-70 per cent of volumes are getting postponed, revenue from medical tourism too, is at a standstill
Coronavirus impact: RBI's TLTRO 2.0 gets cold-shoulder from banks
Reluctant to lend to NBFCs, MFIs in current situation
 "Coronavirus impact: RBI's TLTRO 2.0 gets cold-shoulder from banks")
Investors should stick to stocks of firms focused on domestic market
Pharma firms can build brands and enjoy higher margins here
 "Investors should stick to stocks of firms focused on domestic market")
Market correction prompts MFs to cut exposure to banks, invest in pharma
Fund managers say reduced exposure to banking can be attributed to a combination of factors
 "Market correction prompts MFs to cut exposure to banks, invest in pharma")
Currency in circulation continues to remain high amid Covid-19 lockdown
Currency in circulation (CIC), in the fortnight ended April 10 stood at Rs 49,554.30 crore
 "Currency in circulation continues to remain high amid Covid-19 lockdown")
One month of lockdown: Small-caps outperform Sensex, mid-caps
The S&P BSE Small-cap index has recovered 26 per cent as compared to a 23 per cent rise in the S&P BSE Sensex
 "One month of lockdown: Small-caps outperform Sensex, mid-caps")
Covid-19 turbulence: FPIs turn risk averse, prune holdings in Indian firms
The trend comes on the back of a Rs 55,000-crore FPI sell-off during the March quarter
 "Covid-19 turbulence: FPIs turn risk averse, prune holdings in Indian firms")
Dismal year for equity fund managers as MF bonuses catch Covid-19 flu
Some asset managers may skip payouts altogether as they take cognisance of the impact the coronavirus disease (Covid-19) pandemic may have on future earnings
 "Dismal year for equity fund managers as MF bonuses catch Covid-19 flu")
Unilever withdraws growth, margin guidance over coronavirus concerns
For Unilever, this is the second time in five months that it is flagging growth concerns
 "Unilever withdraws growth, margin guidance over coronavirus concerns")
Crude collapse and the price disconnect
It is true that crude oil prices globally are under pressure due to excess supply and poor demand, thanks to the Covid-19 pandemic
Head versus heart
This is a false dichotomy, the Indian economy can be rebooted and the Covid-19 virus contained concurrently
 "Head versus heart")
Seeds of trouble
Labour shortage puts record rabi harvest at risk
 "Seeds of trouble")
Fear factor, again
Industry right to question definition of negligence in Covid cases
 "Fear factor, again")
Covid-19 impact: Govt puts on hold DA hike for employees, pensioners
The existing rates of 17 per cent DA/DR will continue to be paid till July 1, 2021. From that day onwards, the new rates of DA/DR will be restored 'prospectively'
 "Covid-19 impact: Govt puts on hold DA hike for employees, pensioners")
As brands look to shed millennial track, ad strategy to go for an overhaul
Advertisers need a new script when the economy kicks back into a new normal; family, health and affordability will dominate the narrative say marketers
 "As brands look to shed millennial track, ad strategy to go for an overhaul")
How the Railways readjusted its freight operations to cope with lockdown
The Railways had to run its freight operations, probably becoming the only lifeline for the nation in moving essentials when roads and inter-state routes were sealed
 "How the Railways readjusted its freight operations to cope with lockdown")
CII sees Covid-19 shrinking FY21 GDP by 0.9% in worst-case scenario
Industry body again raises calls for more fiscal stimulus through Rs 1.5 trillion fund and credit protection for MSMEs
 "CII sees Covid-19 shrinking FY21 GDP by 0.9% in worst-case scenario")
Stricter lockdown in the north pulls summer consumer sales down further
Many manufacturers from the region, which contributes 40% to the consumer goods market, have had to redraw their yearly targets
 "Stricter lockdown in the north pulls summer consumer sales down further")
IndiGo reverses plan to cut salaries of employees, drops March decision
IndiGo is the best positioned airline to withstand the crisis created by lockdown to contain the coronavirus.
 "IndiGo reverses plan to cut salaries of employees, drops March decision")