Page 88 - Latest Updates on Lockdown
NMDC Q1 PAT down 55% at Rs 533 cr as production, sales hit due to lockdown
NMDC's turnover during the firstquarter was Rs.1,938 crore compared to Rs 3,264 crore during the corresponding quarter last fiscal, the company said
 "NMDC Q1 PAT down 55% at Rs 533 cr as production, sales hit due to lockdown")
Covid-hit Alang ship-recycling hub eyes old vehicle scrappage opportunity
The Indian ship recycling industry is also facing competition from Bangladesh and Pakistan which are offering more competitive prices for vessels as well as enjoying better domestic steel prices
 "Covid-hit Alang ship-recycling hub eyes old vehicle scrappage opportunity")
Covid-19: UP govt waives 7 day mandatory quarantine rules for travellers
It has also relaxed Covid-19 protocol for Indians travelling to other states for work for upto five days
 "Covid-19: UP govt waives 7 day mandatory quarantine rules for travellers")
Maharashtra: With 1,326 new cases Covid-19 tally in Thane crosses 117,000
Thane city is close to the 25,000-mark as it has so far reported 24,906 COVID-19 cases, an official here said
 "Maharashtra: With 1,326 new cases Covid-19 tally in Thane crosses 117,000")
Covid-19: South Korea central bank cuts GDP outlook, open to more stimulus
The Bank of Korea kept the seven-day repurchase rate at a record low of 0.5%, in an unanimous and widely expected decision, after 75 basis points of rate cuts this year
 "Covid-19: South Korea central bank cuts GDP outlook, open to more stimulus")
India records 75,760 Covid-19 cases in a day, tally crosses 3.3 million
The number of recoveries crossed the 2.5 million mark, according to the Union Health Ministry data
 "India records 75,760 Covid-19 cases in a day, tally crosses 3.3 million")
Covid-19 factoid: 51% of deaths in India in range of 60 years and above
In India, there are now over 3.3 million reported cases, of which 21.8 per cent, or roughly 70,7267 cases are currently active
 "Covid-19 factoid: 51% of deaths in India in range of 60 years and above")
Slow pace of pay growth adds to hurdles in way of India's economic recovery
A survey by Deloitte Touche Tohmatsu India LLP showed average salaries gained 3.6 per cent in the fiscal year that started in April, down from 8.6 per cent a year ago
 "Slow pace of pay growth adds to hurdles in way of India's economic recovery")
Coronavirus LIVE: Maharashtra reports 14,888 fresh cases, 295 deaths
Coronavirus latest news: Russia is willing to collaborate with India for the manufacture of coronavirus vaccine. India's coronavirus total is at 3,231,754. Stay tuned for coronavirus LIVE updates
 "Coronavirus LIVE: Maharashtra reports 14,888 fresh cases, 295 deaths")
An argument with reality
The present lockdown is similar to autumn, which symbolises the time when 'everything falls away'
Coronavirus LIVE: Russia seeks alliance with India for Covid-19 vaccine
Coronavirus latest news: India's coronavirus tally has surged to 3,170,942. The US, the worst-hit country, has 5,914,682 cases, followed by Brazil (3,627,217). Stay tuned for coronavirus live updates
 "Coronavirus LIVE: Russia seeks alliance with India for Covid-19 vaccine")
Severe shock to consumption, economy will take longer to recover: RBI
"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank
 "Severe shock to consumption, economy will take longer to recover: RBI")
Coming next: Most-watched IPL in the time of Covid-19 pandemic
It could reach more than 530 mn viewers on TV and a few hundred million more online. But can it make money for Disney Star?
 "Coming next: Most-watched IPL in the time of Covid-19 pandemic")
Come September, cinemas ready with discounts on movie tickets, food
Cinema owners, especially, multiplex operators hope this will be corrected in the fourth phase of the Unlock programme that will commence next month
 "Come September, cinemas ready with discounts on movie tickets, food")
Phoenix Mills: Resumption uncertainty to keep stock under pressure
While the company has cash to sustain operations, near term revenues will take a hit
 "Phoenix Mills: Resumption uncertainty to keep stock under pressure")
Expect biz to hit pre-Covid levels by next summer, says MMT's Rajesh Magow
In June, domestic flight bookings were 5-7 per cent of the pre-Covid-19 levels and now that has gone up to to 25-27 per cent, Magow said
 "Expect biz to hit pre-Covid levels by next summer, says MMT's Rajesh Magow")
Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts
Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said
 "Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts")
Paying six per cent interest on flat cost for delay a huge burden: Realtors
While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers
 "Paying six per cent interest on flat cost for delay a huge burden: Realtors")
Govt may permit operations of metro, single screen movie halls in Unlock 4
Implementation in the respective states or Union Territories (UT) will be done on the basis of assessment conducted by state governments
 "Govt may permit operations of metro, single screen movie halls in Unlock 4")
Odisha's Covid-19 caseload jumps to 84,231, death toll mounts to 428
Of the 2,752 fresh cases, 1,708 were recorded in quarantine centres and the remaining were detected positive during contact tracing
 "Odisha's Covid-19 caseload jumps to 84,231, death toll mounts to 428")