Page 313 - Latest Updates on Lockdown
New multilateralism with old paradigms?
The biggest armies and the biggest economies failed against a microscopic virus - the weakest link undid decades of progress
Covid lessons from Kerala
The state shows the merits of timely and organised intervention
 "Covid lessons from Kerala")
Info Edge's prized assets Naukri, 99acres fall prey to Covid-19, lockdown
Valuations still not fair, given uncertainty over revenues
 "Info Edge's prized assets Naukri, 99acres fall prey to Covid-19, lockdown")
An informed strategy for lockdown exit
The only to way to climb back to obstacle-free growth would be more and randomised testing. The government needs to make a much larger financial allocation towards that
 "An informed strategy for lockdown exit")
Info Edge: Tough days ahead for naukri.com and 99acres amid Covid-19 crisis
With over 50 per cent of revenues under pressure, valuations aren't supportive
 "Info Edge: Tough days ahead for naukri.com and 99acres amid Covid-19 crisis")
Covid-19 impact: Stimulus 2.0 ready as PM Modi, FM Sitharaman hold meeting
The upcoming package could be roughly similar in size to the Rs 1.7-trillion package
 "Covid-19 impact: Stimulus 2.0 ready as PM Modi, FM Sitharaman hold meeting")
Branded edible oil reaches only a few retailers, prices up as stocks fall
With hotels and food processing units still shut, and with labour and logistics hiccups, edible oil availability in April has been 1.5 million tonnes as against the usual 2 million tonnes
 "Branded edible oil reaches only a few retailers, prices up as stocks fall")
Lockdown: Working capital woes hit sugar mills as consumption dips
Industry seeks allocation of special fund to clear pending export subsidies
 "Lockdown: Working capital woes hit sugar mills as consumption dips")
Coronavirus impact: Bet on top-tier names in banking sector, avoid NBFCs
Avoid banks and NBFCs with a high proportion of unsecured and small, medium enterprises loans
 "Coronavirus impact: Bet on top-tier names in banking sector, avoid NBFCs")
Slowing growth in Covid-19 cases as second phase of lockdown begins
The five-day moving average rate in the growth of confirmed cases was in excess of 20 per cent every day in the period leading up to the lockdown in March.
 "Slowing growth in Covid-19 cases as second phase of lockdown begins")
Coronavirus outbreak: Why cities may not remain the same after lockdown
Tens of thousands of workers who returned to villages are now similarly weighing whether to return at the end of the lockdown, which Modi this week extended to May 3.
 "Coronavirus outbreak: Why cities may not remain the same after lockdown")
Covid-19: ED books Tablighi Jamaat leader in money laundering case
The move comes after Delhi police had booked case against him for violating Covid-19 induced lockdown orders, after some of the attendees of the religious congregation died due to the pandemic
 "Covid-19: ED books Tablighi Jamaat leader in money laundering case")
Covid-19 outbreak: Pain may not be limited to lockdown, say retailers
Change in consumer behaviour and higher fixed costs are major concerns, leading analysts to cut FY21 earnings estimate by 15-40 per cent
 "Covid-19 outbreak: Pain may not be limited to lockdown, say retailers")
Auto firms say won't make cars till there is clarity on retail sales
Hyundai, Renault extend suspension of production; Maruti, Tata yet to take a call
 "Auto firms say won't make cars till there is clarity on retail sales")
Coronavirus takes away the sheen from Hindalco's Aleris acquisition
While two units are to be divested, outlook for high-end aerospace business is soft
 "Coronavirus takes away the sheen from Hindalco's Aleris acquisition")
Goldman Sachs downgrades India from 'overweight' to 'marketweight'
The US-based investment firm has also lowered the Nifty target to 9,600 for June 2021, expecting substantial downward revisions to corporate earning
 "Goldman Sachs downgrades India from 'overweight' to 'marketweight'")
Covid-19 impact: GDP growth may plunge to 1.1% in FY21, says SBI report
According to the SBI Ecowrap report, the extension of the lockdown would result in economic loss of Rs 21.1 trillion or 6 per cent of the nominal Gross Value Added (GVA).
 "Covid-19 impact: GDP growth may plunge to 1.1% in FY21, says SBI report")
Covid-19 pandemic may eat into bonuses of domestic investment bankers
Increments, on the other hand, are likely be shelved altogether considering the bleak outlook for fundraising in FY21
 "Covid-19 pandemic may eat into bonuses of domestic investment bankers")
Improve infra to become part of global supply chains: IMF's Ranil Salgado
The economic impact of Covid-19 is expected to be substantial, but recovery should take hold once the virus has been contained, says Salgado
 "Improve infra to become part of global supply chains: IMF's Ranil Salgado")
Lockdown 2.0: Govt extends renewal of health, motor policies till May 15
If the renewal of motor third party and health policy falls due between March 25 and May 3, the lockdown period, then policyholders can make the renewal payment on or before May 15
 "Lockdown 2.0: Govt extends renewal of health, motor policies till May 15")