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Monday, May 4, 2020

The gorilla in India's coronavirus war room

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THE ECONOMIC TIMESDaily Newsletter
Mon, May 04, 2020 | 06:02 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
The 1,000-pound gorilla in India's coronavirus war room The 1,000-pound gorilla in India's coronavirus war room
A fresh surge in bad debt could hit growth and delay India's recovery from the pandemic....
India offers land twice Luxembourg's size to firms leaving China
Why the backers of financial bazookas should hold their fire
Ambani scores second cheque for Jio, this time from a PE giant
Forty days that prompted India Inc to write-off a quarter
Icra expects GDP to contract by 20 pc in June quarter; 2 pc fall in FY21
Investor wealth plummets Rs 5.15 lakh crore as market tanks
India's factory activity slumped to record low in April: PMI
Debate This
Now debating: Will partial lifting move India's economic needle?
India has been locked down for two more weeks. However, a maze of regulations, restrictions on movement of people and unbridled powers to local administration mean a vast segment of economy will still stay shut, amplifying the stress. Could we have done better?

Top Gainers

NSE
4 companies (largecap) appreciated more than 3%
Aurobindo Pharm 4.39%
Cipla 3.77%
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Top Losers

NSE
80 companies (largecap) price decreased more than -5%
Bharat Forge -12.74%
Motherson Sumi -12.51%
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India stockpiles low-cost oil, fills 32 mt of commercial storage
April petrol sales down 61%; diesel down 57%: Report
Safer zones running out of non-essentials
UPSC defers CS prelims exam scheduled on May 31
E-commerce may take time to steady cart
AIMA to conduct MAT through remote proctoring
Most profitable cement maker in India reopens, but sees demand crash
Five in 10 cos keeping their salary increment budgets unchanged: Survey
No hiring freeze: Companies hunting top talent despite salary, job cuts
Bengal has highest COVID-19 mortality rate, central team tells chief secy
Abbott's Covid antibody tests to be available by May-end
DHS report: China hid virus' severity to hoard supplies
Trump says up to 100,000 Americans may die from coronavirus
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