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Page 25 - Latest Updates on Covid-19
India to contribute 2.2% of world's digital payment market by 2023: Report
The Covid-19 pandemic is expected to further amplify the reach of digital payments with people terrified of using cash
 "India to contribute 2.2% of world's digital payment market by 2023: Report")
Economy to rebound in second half of 2020 as Covid-19 recedes: IHS Markit
As lockdown conditions have been progressively eased, early signs of recovery were evident in the most recent economic data
 "Economy to rebound in second half of 2020 as Covid-19 recedes: IHS Markit")
Covid-19 impact: Radico Khaitan Q1 profit falls 19.52% to Rs 44.07 crore
Its total revenue from operations declined 33.70% to Rs 1,774.65 crore during the quarter under review as against Rs 2,677.07 crore in the corresponding quarter last year
 "Covid-19 impact: Radico Khaitan Q1 profit falls 19.52% to Rs 44.07 crore")
Can you get Covid-19 again? Very unlikely, experts say
Bihar's health system is collapsing, why PDS shops should provide rations to all, and a study links long-time cancer with risk of severe Covid-19-a roundup of news on how India is dealing with the pan
 "Can you get Covid-19 again? Very unlikely, experts say")
Religious tourism hit hard by cancellation of kanwar fair, char dham yatra
The cancellation of kanwar yatra has come as the last nail in the coffin for traders in Haridwar
 "Religious tourism hit hard by cancellation of kanwar fair, char dham yatra")
Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: Report
According to the agency, the fall in demand is likely to result in a 13.1% YoY decline in revenue of discoms to Rs 6.8 trillion in FY21
 "Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: Report")
Make in India: Govt to offer production linked incentives in more sectors
The government earlier announced production linked incentives for large scale electronic goods makers for five years
 "Make in India: Govt to offer production linked incentives in more sectors")
Big traders hire online experts as Benares silk goes digital to stay afloat
Many of the smaller ones are hopping on to the e-commerce and social media bandwagon in order to survive amid the Covid crisis
 "Big traders hire online experts as Benares silk goes digital to stay afloat")
Bengaluru tech firm to produce NASA-designed, US FDA-approved ventilators
The firm said it is among a handful of Indian companies licenced by NASA for meeting the worldwide acute shortage of ventilators needed in treating Covid-19 patients
 "Bengaluru tech firm to produce NASA-designed, US FDA-approved ventilators")
ITC Q1 preview: FMCG segment to cushion overall nos; PAT may dip 30% YoY
Impact of the lockdown of manufacturing facilities, cigarette inventory levels, guidance on price and volume, and alternate distribution channels are among the key monitorables
 "ITC Q1 preview: FMCG segment to cushion overall nos; PAT may dip 30% YoY")
L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish
L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.
 "L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish")
Next fiscal step likely after vaccine to cure Covid-19 comes: CEA
Says vaccine is not very far off and when it comes, uncertainty about the virus will considerably go down and the time will then be ripe for generating demand for discretionary spending
 "Next fiscal step likely after vaccine to cure Covid-19 comes: CEA")
MyLab Discovery Solutions' Covid-19 antigen testing kits get ICMR nod
MyLab's kit named 'Pathocatch' will be available for orders immediately and will be priced at around Rs 450
 "MyLab Discovery Solutions' Covid-19 antigen testing kits get ICMR nod")
Covid-19 crisis: Glenmark claims 'clinical cure in 4 days' in Phase-3 trial
Firm claims trial results showed 28.6% faster viral clearance in overall population, says drug well tolerated with no major side effects
 "Covid-19 crisis: Glenmark claims 'clinical cure in 4 days' in Phase-3 trial")
Digital transactions could reach Rs 15 trillion a day by 2025: RBI
Daily transactions average 100 million now for a volume of Rs 5 trillion; just before Covid, they daily were averaging 125 million a day, or more than five times the volume in June 2016
 "Digital transactions could reach Rs 15 trillion a day by 2025: RBI")
Bajaj Auto's profit before tax plunges by 57% in Q1 as coronavirus bites
Pandemic induced lockdown saw volumes fall 65%, revenue decline by 60%
 "Bajaj Auto's profit before tax plunges by 57% in Q1 as coronavirus bites")
Covid-19 impact: L&T pre-tax profit plunges 66% to Rs 894.46 cr in Q1
The company's net profit at Rs 303.14 crore for the quarter under review, was 79 per cent lower than the net profit of Rs 1,472.58 crore reported last year
 "Covid-19 impact: L&T pre-tax profit plunges 66% to Rs 894.46 cr in Q1")
Indian job seekers slowly losing interest in opportunities in US: Report
The downward trend predates impacts of Covid-19, and corresponds instead with uncertainty around and tightening of the US immigration policy
 "Indian job seekers slowly losing interest in opportunities in US: Report")
India responding to Covid-19 crisis with utmost urgency from the start: WHO
The country did not witness an exponential increase in cases like some other countries which reported their first few cases, along with India, said WHO Regional Director (South-East Asia)
 "India responding to Covid-19 crisis with utmost urgency from the start: WHO")
As Covid-19 reaches hinterland, is India's rural growth story getting over?
A recent report by Credit Suisse cautions that the spread of Covid-19 infections to Tier-III and -IV cities could stall the growth momentum
 "As Covid-19 reaches hinterland, is India's rural growth story getting over?")