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Tuesday, April 21, 2020

Lockdown, Day 28: Faulty kits & D-St's oil slip

CORONAVIRUS UPDATES

21 Apr, 2020 | 06:07 PM IST


Lockdown, Day 28: Faulty kits & D-St's oil slip

By the time most Indians woke up today, US crude prices turned negative for the first time in history. Sellers were literally paying buyers for oil. The slip showed up in D-Street later, shaving off Rs 3.34 lakh crore of investor wealth.

India neared 19,000 cases, with over 600 casualties, even as the ICMR today asked states to avoid using the new rapid tests which we got from China, suspecting them to be faulty.

Here is the other top news of the day...



TALLY SO FAR
    One case found in Rashtrapati Bhavan
    5 more test positive in Odisha; cases now 79
    28 more cases in Agra; district tally nears 300
    Nagpur reports 7 new cases; district tally 88
    Rajasthan reports 52 new cases; state tally 1628
    Gujarat reports 6 more deaths; state death toll rises to 77
    Andhra reports 35 new cases; tally climbs to 757
    One more tests positive in Meghalaya
    127 new cases in Gujarat; state tally jumps to 2,066
    33 test positive in Rae Bareli with Tablighi links
    2 more gas tragedy victims die in Bhopal; toll 7
    Maharashtra reports 472 new cases; state tally now 4676
    Haryana case count stands at 252
    78 more cases in Delhi, tally reaches 2081
World India
Tally Toll Tally Toll
24,94,915 1,71,249 18,985 603
LIFE & HEALTH
    India's spending on tests crosses Rs 100 crore
    Tiruppur units eye $2-bn opportunity from PPE business
    Rajasthan ceases use of rapid testing kits over invalid results
    CLAT 2020 postponed to June 21
    ICMR withdraws defective COVID-19 test kits from WB

BUSINESS AND ECONOMY
    Sensex tumbles 1,011 pts, Nifty below 9,000
    RBI increases WMA limit to Rs 2L cr for April-September
    Rupee settles 30 paise lower at 76.83 vs dollar
    Govt to spend Rs 4k cr more on recast crop insurance scheme
    UPI transactions drop in March, RTGS shoots
    UBS cuts target price on NBFCs by up to 60%
    Air passenger traffic may witness 30% negative growth this fiscal
    Tata Motors extends commercial vehicles' warranty
    Air traffic may face 30% degrowth this fiscal: CARE

WORLD UPDATE
    US records 1,433 deaths in past 24 hours, 42,000
    US stock futures turn negative, down 0.3%
    Russia's cases surge past 52,000
    Singapore extends lockdown to June 1, reports 1,111 new cases
    Nippon Steel to halt third blast furnace
    Nissan to shut down global HQ through mid-May
    Chinese mainland reports 11 new cases
    Hong Kong to extend restrictions by 14 days
    France has stopped all flights outside Schengen zone
    Australia loses 6% of jobs
    Pakistan reports 16 more deaths, confirmed cases tops 9,000

DEBATE THIS
    Is it time to put a Covid tax on India's super-rich? Join here


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