Page 2035 - Coronavirus

Low consumption deepens SBI Cards' woes as Covid-19 lockdown gets extended

Worsening business conditions and sell-off by anchor investors have taken the stock southward

Coronavirus unties the wedding business knot amid lockdown extension

At stake is the livelihood of millions of gig workers who provide wedding-related services - jewellers, designers, tailors, caterers, pavilion and tent providers and so on

Mutual Funds play it safe on equity bets amid market volatility

According to the data collated by Edelweiss, Reliance Industries was on top of mutual funds' buying list

Too early to say cheers: Liquor stocks face risks over extended lockdown

A sharp rise in excise duty could hurt liquor volumes. UBS has slashed its target price for UBL and UNSP by 20-23 per cent following 12-27 per cent cut in FY21 earnings estimates

Lockdown, moratorium are microfinance institutions' biggest fears

Despite an assuring outlook, large brokerages - whether Kotak Institutional Equities, Axis Capital, Ambit Capital or Credit Suisse - say the MFI sector may be in for a rough ride

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.

Migrant workers gather in hundreds in Mumbai, say they want to go home

Daily wage workers have been left without jobs ever since the lockdown was announced late last month to stem the spread of COVID-19, making their life an unending struggle

Calibrating exit and stimulus is our best bet

There is a view that an extension is not warranted. It suffices to lock down areas with incidence of coronavirus

Corona complexity

Set economic growth aside, intensify redistribution

Allow digital onboarding of customers for NBFCs, others: Industry body

The non banking entities are capable of doing minimum know your customer (KYC) for merchant transactions successfully without face- to- face physical interaction with the customer only

Customs clearance goes paperless, contactless to speed up essentials import

Expedited clearance of raw materials will facilitate the production of essential items like pharmaceuticals in the country

Covid in India and the world

The growth in cases in India is high compared with other nations

Telcos will not need major overhaul for on-ground services, says COAI

COAI said industry will continue with arrangements that were in place for the first lockdown period

Letter to BS: PM address a let down for those expecting concrete steps

His exhortation to people to strictly abide by the lockdown rules and the rhetoric, laced with positivity, is nothing new

Letter to BS: Govt should buy vegetables from farmers to prevent wastage

The government should step in and avoid a situation where farmers are forced to destroy food

Letter to BS: Find coronavirus cure from data of recovered patients

The need of the hour is urgent clinical trials with different drugs and medicines and universal sharing of data amongst global medical personnel

PM's complete silence on economic package worrying: Marico's Harsh Mariwala

In an interview with Viveat Susan Pinto, Harsh Mariwala, chairman, Marico, expresses his fears, saying the road ahead for industry will not be easy

Never waste a crisis

The government should go for deep structural reforms

Covid-19 impact: Airlines' revenues set to dip by 55% in 2020, says IATA

It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 per cent, or $252 billion

Lights out for the power sector? Coronavirus makes a crisis worse

Its pre-pandemic crisis is likely to worsen with the prolonged lockdown unless the government offers some vital concessions