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Saturday, June 27, 2020

Ambani does to retail what he did to telecom

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THE ECONOMIC TIMESDaily Newsletter
Sat, Jun 27, 2020 | 05:45 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Mukesh Ambani is doing to retail what he did to telecom Mukesh Ambani is doing to retail what he did to telecom
Staples are available for a cheaper price on JioMart compared to rivals like BigBasket....
India's making plans to keep the dragon at bay
Carlyle buys 20% stake in Piramal pharma for $490 mn
Fuel prices hiked for 21st consecutive day
Government launches 7.15% floating rate bonds
Govt adds another steroid to COVID treatment protocol
IDBI Bank to divest stake in IDBI Federal Life Insurance
The Mahindra deal that did not deliver
Debate This
Indian economy would have crumbled anyway, covid or not
Optimism, if any, about the state of the economy at this point is difficult to explain. There is little ammo left with the govt after the reforms it tried to execute in the recent past didn't exactly restart the economic engine. The decline in India's fortunes actually started quite a while ago; the virus struck an economy with pre-existing conditions.

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Top Losers

NSE
8 companies (largecap) price decreased more than -3%
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