Page 1717 - Coronavirus
No pride in being Maid in India
Informal surveys indicate 85 per cent of these workers found themselves unceremoniously thrown out of jobs or forced to accept pay cuts during the Covid-19 pandemic and lockdown
Default risk for Indian companies drops at fastest pace in decade
The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined
 "Default risk for Indian companies drops at fastest pace in decade")
Govt's stimulus package has preserved macro stability: KKR India head
Speaking at the India Global Week 2020, Nayar expressed hope that large private sector players would contribute to economic recovery along with the government
 "Govt's stimulus package has preserved macro stability: KKR India head")
Covid-19 impact: Housing sales down 67% in April-June, says PropEquity
The supply of new units also dropped by 81% during the period to 11,967.
 "Covid-19 impact: Housing sales down 67% in April-June, says PropEquity")
Over half of Indian firms 'vulnerable' on wage payments, says Crisil
Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.
 "Over half of Indian firms 'vulnerable' on wage payments, says Crisil")
Parle, Amul, Clinic Plus shampoo top 3 FMCG brands in India: Report
Compiled annually, the ranking has been derived on the basis of consumer reach points, a metric that measures how many households are buying a brand and how often.
 "Parle, Amul, Clinic Plus shampoo top 3 FMCG brands in India: Report")
Toyota staff Covid-positive, cases at Bidadi manufacturing unit up to 14
The company confirms the emergence of a new case of Covid-19 with the employee concerned having last attended the work on July, 3, TKM said in a statement on its website.
 "Toyota staff Covid-positive, cases at Bidadi manufacturing unit up to 14")
Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1
The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.
 "Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1")
Some degree of coronavirus transmission through air likely: Anthony Fauci
Fauci on Thursday had said it was a "reasonable assumption" that airborne transmission was occurring even though there was not a lot of solid evidence behind it
 "Some degree of coronavirus transmission through air likely: Anthony Fauci")
SC allows email, fax, messaging apps for service of notices, summons
The apex court then allowed the modification plea and said the 12 months-time period under the law to complete arbitral proceedings be allowed to remain in force
 "SC allows email, fax, messaging apps for service of notices, summons")
Zomato delivers two-fold jump in revenue at Rs 2,960 cr in FY20
The earnings before interest, taxes, depreciation, and amortization (EBITDA) in the last financial year stood at around Rs 2,200 crore, Zomato said in its performance report.
 "Zomato delivers two-fold jump in revenue at Rs 2,960 cr in FY20")
Lakshmi Mittal gifts GBP 3.5 mn to Oxford for developing Covid-19 vaccine
Lakshmi Mittal said, "This year has been a wake-up call to the world to be better prepared for pandemics, which, as we have all experienced, can cause massive social and economic disruption."
 "Lakshmi Mittal gifts GBP 3.5 mn to Oxford for developing Covid-19 vaccine")
Wall Street mixed as Covid case tally hits another record; tech stocks fall
The Dow Jones Industrial Average .DJI was up 51.32 points, or 0.20%, at 25,757.41
 "Wall Street mixed as Covid case tally hits another record; tech stocks fall")
Remdesivir reduced risk of Covid-19 deaths, but more studies needed: Gilead
The company, which had initially released the data from the trial in April, said the finding requires confirmation in clinical trials
 "Remdesivir reduced risk of Covid-19 deaths, but more studies needed: Gilead")
India's recovery started from June, need to wait for the trend: SBI chief
He also said the banks had been able to absorb the shock due to the moratorium offered to the borrowers in the wake of the Covid-19 outbreak
 "India's recovery started from June, need to wait for the trend: SBI chief")
Wimbledon will pay prize money to all players despite cancellation
In addition, 120 players who would have competed in doubles will each receive 6,250 pounds ($7,800)
 "Wimbledon will pay prize money to all players despite cancellation")
India records highest single-day spike of 26,506 coronavirus cases
With as many as 2,30,599 Covid-19 cases, Maharashtra continues to remain the worst-affected state, followed by Tamil Nadu (1,26,581) and Delhi (1,07,051)
 "India records highest single-day spike of 26,506 coronavirus cases")
India's Covid-19 fatality rate dips to 2.72%, recovery at 62.4%: Health Min
Manipur, Nagaland, Dadra and Nagar Haveli and Daman and Diu, Mizoram, Andaman and Nicobar Islands, Sikkim have zero case fatality rate
 "India's Covid-19 fatality rate dips to 2.72%, recovery at 62.4%: Health Min")
No IIP numbers for May as govt suspends release of industrial output data
The government said "it may not be appropriate to compare the IIP for May 2020 with those of months preceding the Covid-19 pandemic
 "No IIP numbers for May as govt suspends release of industrial output data")
Covid impact: Home sales drop 66% across nine key cities in June quarter
The supply of new housing units also decreased by 81% during the period to 11,967 units from 63,535 units in Q1 2020, as developers hardly launched any projects, with sales coming to a standstill
 "Covid impact: Home sales drop 66% across nine key cities in June quarter")