Page 97 - Latest Updates on Lockdown
Tea industry struggles amid rains, lockdown, and buyers turning to Kenya
Heavy rains and the absence of tea pickers because of lockdowns have hammered production and sent local prices spiraling to records
 "Tea industry struggles amid rains, lockdown, and buyers turning to Kenya")
Covid-19 crisis: Hit by local lockdowns, fuel demand falls 12% in July
Fuel consumption, a barometer of economic activity in the country, had slumped by over 45 per cent in April as nationwide lockdown halted most vehicular traffic and shut industries
 "Covid-19 crisis: Hit by local lockdowns, fuel demand falls 12% in July")
Cummins India reports 65% decline in consolidated PAT at Rs 53 cr in Q1
The company had posted a PAT of Rs 152.56 crore in the same period last fiscal, Cummins India Ltd said in a regulatory filing
 "Cummins India reports 65% decline in consolidated PAT at Rs 53 cr in Q1")
India's gem, jewellery exports shrink 38% in July on weak global demand
The exports stood at $2.2 billion (around Rs 15,112 crore) in July last year
 "India's gem, jewellery exports shrink 38% in July on weak global demand")
Slowdown to continue as states announce more curbs: Fed official
Consumer spending is likely to say low relative to the past as people avoid activities that require high levels of social interaction for health reasons, Rosengren said
 "Slowdown to continue as states announce more curbs: Fed official")
Air India to shut five European stations to cut costs in Covid times
The airline will close down the Copenhagen, Vienna, Stockholm, Madrid, and Milan stations
 "Air India to shut five European stations to cut costs in Covid times")
OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19
World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report
 "OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19")
Telecom firms evolving into digital networks a positive sign: Trai chairman
Large telecom companies are using artificial intelligence, big data and machine learning in a significant way already to improve services and optimise resources, R S Sharma said
 "Telecom firms evolving into digital networks a positive sign: Trai chairman")
Hirings see uptick in July as industrial activity picks up: Report
About 1,263 job postings in July marks an improvement of 5 per cent in hiring activities compared to 1,208 in June, as per the Index
 "Hirings see uptick in July as industrial activity picks up: Report")
Take it with a pinch of salt: Scientists doubt Russia's Covid vaccine claim
The announcement should be taken with a pinch of salt, said Indian immunologist Vineeta Bal
 "Take it with a pinch of salt: Scientists doubt Russia's Covid vaccine claim")
In agarbatti business, unbranded players smell success in lockdowns
Market leader Cycle Pure plans to overcome shutdowns, coronavirus scare by bumping up online presence
 "In agarbatti business, unbranded players smell success in lockdowns")
The faraway doctor: Covid-19 pandemic proves boom time for telemedicine
As Covid-19 forced people into a lockdown, the number of remote consultations soared
 "The faraway doctor: Covid-19 pandemic proves boom time for telemedicine")
Google launches 'The Anywhere School' with over 50 new features
Google has announced a new initiative called The Anywhere School, bringing over 50 new features across Meet, Classroom, G Suite and other products in more than 250 countries around the world
 "Google launches 'The Anywhere School' with over 50 new features")
Coronavirus LIVE: 5,834 Covid-19 cases and 118 deaths in Tamil Nadu today
Coronavirus latest news: India recorded over 50,000 cases in a day. US tally has surged to 5,253,766 and Brazil 3,057,470. Stay tuned for coronavirus LIVE updates
 "Coronavirus LIVE: 5,834 Covid-19 cases and 118 deaths in Tamil Nadu today")
Titan: Investors advised to wait until more clarity emerges on recovery
Titan reported a 62.3 per cent year-on-year decline in revenue in Q1 at Rs 1,862 crore
 "Titan: Investors advised to wait until more clarity emerges on recovery")
Covid-19 pandemic worsens the US gender pay gap, with women losing out
In a regular recession, the pay gap between men and women shrinks by two percentage points as men tend to get hit harder by job losses
 "Covid-19 pandemic worsens the US gender pay gap, with women losing out")
Covid-19 impact: UK job losses hit decade-high, worse seen ahead
Mounting job losses are expected as Britain winds down its job-retention scheme, which has covered around one in three private-sector jobs. It is due to close at the end of October
 "Covid-19 impact: UK job losses hit decade-high, worse seen ahead")
SoftBank returns to black as Vision Fund recovers from Covid-19 pandemic
Recovery largely due to rising valuations of bets like Uber and Slack
 "SoftBank returns to black as Vision Fund recovers from Covid-19 pandemic")
Confidence of professionals on steady rise as lockdown eases: Survey
The LinkedIn Workforce Confidence Index shows that India's overall confidence is on a steady rise, with a composite score of 53, up from 50 in the June 15-28 survey
 "Confidence of professionals on steady rise as lockdown eases: Survey")
Indian Railways suspends all regular passenger train services indefinitely
230 Special Trains, which are running at present, will continue to operate
 "Indian Railways suspends all regular passenger train services indefinitely")