Covid won't deter IndiGo from buying new jets

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THE ECONOMIC TIMESDaily Newsletter Wed, Jun 03, 2020 | 05:41 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day IndiGo will continue to add planes to its fleet despite Covid squeeze The airline, the world's biggest customer for Airbus SE's best-selling A320neo jets, plans to return its entire fleet... Service activity contracts again in May, PMI at 12.6 Google takes down Indian app that removed Chinese ones Cyclone Nisarga: Mumbai airport suspends operations till 7 pm Gartner sees India's IT spending falling by 8% in 2020 Retailers avoid discounting to meet social distancing norms Situations Vacant: 12,000 jobs on offer in edtech 42 crore poor received aid of Rs 53,248 cr under PMGKP

Debate This Is India guilty of taking rating agencies too seriously? Moody's has downgraded India by a notch to Baa3. This almost-junk classification, which comes close on the heels of sub-optimal Q4 & FY20 GDP numbers, is being seen as a proof of the rating agency's disapproval of India's recent policy measures. A falling rating, coupled with virus trouble, can push the economy deep into the red. Is this downgrading fair on India?

SENSEX 34109.54 284.01 NIFTY 50 10061.55 82.45 USD/INR 75.46 0.09

Top Gainers NSE 12 companies (largecap) appreciated more than 5% Bank of India 12.22% IDBI Bank 10.00% More from Gainers Top Losers NSE 1 company (largecap) price decreased more than -5% Adani Power -6.22% More from Losers

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US lens on how India taxes Silicon Valley Currently, India levies 6% tax in the form of equalisation levy on digital companies advertising revenue. ... Hyundai launches end-to-end online car buying platform Wuhan tests 10 million people, finds few infections More cheques may roll in for Mukesh Ambani 10 firms from 10 sectors tell where Covid hurt them Jhunjhunwala's top stock tests Covid positive 1 lakh IDs of Indians put on dark net for sale India's lockdown creates an unlikely hero India isn't the only one on Moody's hit list Banks run to RBI with bleeding books

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Top Slideshow MSMEs' revised criteria announced Top Video Cyclone Nisarga leaves trail of destruction

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