Page 1562 - Coronavirus

Covid-19 impact: Australian GDP falls most on record; recession confirmed

Gross domestic product plunged 7 per cent from the first three months of the year, the largest fall since records dating back to 1959

Family companies weathering Covid-19 pandemic storm better than peers

Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report

Liquidation process can allow public auction of non-realisable assets: IBBI

Says if auction is not possible, the assignment--transferring the rights and obligation of an asset--may be done on arm's length basis by the liquidator

New orders and execution likely to remain subdued in Q2, say analysts

Some pin hopes on the NIP even as awards for FY21 and year after look bleak

66% year-on-year spike in household demand for MGNREGA work in August

This, despite a 24% month-on-month drop, indicating scheme's continuing importance in providing livelihood to rural casual labourers during Covid-19 crisis

Mamata asks PM to intervene in GST impasse, joins non-BJP CMs in 'protest'

Asserts that Centre must borrow to meet GST shortfall at this critical hour of Covid-19 pandemic, says states will reciprocate

Lessons from Covid-19: Leaders have to re-imagine biz, says Vipin Sondhi

A manufacturing business is ultimately about people. There is no substitute to face-to-face interaction, he said

Dish TV posts net profit of Rs 75 cr in June quarter, revenue slips 10%

It had posted a net loss of Rs 35.44 crore in the April-June period a year ago

Sebi modifies mutual funds portfolio segregation norms amid Covid-19

Markets regulator Sebi on Wednesday modified norms pertaining to segregation of portfolio in mutual funds by asset management companies amid the coronavirus pandemic. Generally, segregation is done to separate distressed assets from other more liquid assets in a portfolio. In the wake of the pandemic, the watchdog said the trigger date for segregation of portfolio would be the date on which proposal for debt restructuring was received by the asset management company (AMC). Segregated portfolio can be created in a mutual fund scheme by an asset management company in case of a credit event, which includes downgrade to below investment grade and subsequent downgrades in credit rating by a Sebi-registered credit rating agency, as per the regulator's circular issued in December 2018. The latest modifications, that is effective immediately, would be in place till December 31, 2020. On August 6, the Reserve Bank of India (RBI) permitted lending institutions to extend the resolution facil

Capital raise isn't a reason to turn optimistic on banking stocks

Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs

Easy money makes metals shine despite economic shock caused by Covid-19

Analysts say easy liquidity and China demand are driving metal prices up

Train frequency the same as pre-lockdown as Delhi Metro opens up on Sept 7

Trips to be longer than usual with stoppage time nearly doubled, stations in containment zones to remain off limits

Unacademy is like the Netflix for live education: CEO Gaurav Munjal

In an interview with Samreen Ahmad and Bibhu Ranjan Mishra, Gaurav Munjal of Unacademy says the Covid-19 pandemic may have shortened the time the company has taken to achieve $1.45 billion valuation

SBI moots VRS for employees who don't get promoted; will seek govt nod

Officers protest, say they were kept in dark; lenders say VRS is optional and that it won't push employees to take it

Three PSG players, Neymar, Di Maria and Parades test positive for Covid-19

Sports daily L'Équipe identified the players who tested positive as Neymar, Angel Di Maria and Leandro Paredes, noting that they were part of the trip to the Spanish island

IT refunds worth Rs 98,265 cr issued to 2.62 mn taxpayers in 5 months

This include personal income tax (PIT) refunds amounting to Rs 29,997 crore issued to 2.45 million taxpayers

Exam SOPs: Students, staff from containment zones debarred; mask mandatory

The invigilator for pen and paper-based tests will sanitise students' hands before distributing question papers and answer sheets and the examinees will also do the same

Electricity demand improves to 98% of pre-Covid-19 level in August: ICRA

The electricity demand recovery on an all-India level has largely been led by northern and eastern states with a year-on-year (y-o-y) increase of 6-13 per cent in demand in July 2020, it said

Gujarat reports 1,305 new coronavirus cases, tally nears 100,000-mark

A total of 1,141 patients were discharged in the day, taking the count of recoveries to 80,054, the department said in a release.

Karnataka reports biggest single day spike of 9,860 Covid-19 cases

Of the fresh cases, as many as 3,420 were from Bengaluru Urban district alone