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Wednesday, June 3, 2020

Lockdown, Day 71: Mixed messages ahead

CORONAVIRUS UPDATES

3 Jun, 2020 | 09:05 PM IST


Lockdown, Day 71: Mixed messages ahead

India's IT sector employees aren't just battling the economic repercussions of COVID-19 but also artificial intelligence-based platforms, automation tools and other digital technologies.The country's top five IT services providers have hired fewer people over the last five years, thus impacting white-collar employment.

India witnessed the highest spike of cases with nearly 9,000 testing positive, and the total cases breaching the 2 lakh mark.

On the other hand, IndiGo continues to add planes to its fleet despite the Covid squeeze. Perhaps the economy will spring a happy surprise soon.

Track this space for latest updates... COUNT SO FAR
    Assam reports 111 new cases, state tally rises to 1,672
    Indore reports 27 COVID-19 cases, total at 3,597.
    Highest single-day spike of 396 COVID-19 cases in Bengal
    Nagaland's Covid tally rises to 58
    Rajasthan reports 102 cases, total at 9475
    47 Maharashtra Police personnel test positive, total at 2,556
    51 cases reported in Jharkhand, total at 726
    Andhra Pradesh reports 79 cases, total at 3,279
    Kerala reports 82 new cases, total at 1,494
    Tamil Nadu reports 1286 new cases, total at 25,872
    Punjab reports 34 new cases, total at 2,376
    Karnataka reports 267 new cases, total at 4,063
    Madhya Pradesh reports 168 new cases, total at 8,588
    Maharashtra reports 2,560 new cases, tatal at 74, 860
World India
Tally Toll Tally Toll
6,395,328 380,580 198,706 5,598

LIFE UNDER LOCKDOWN
    Retailers avoid discounting to meet social distancing norms
    Gujarat makes hospitalisation mandatory for COVID test
    10% of India's population above 60 accounts for 50% of Covid deaths
    India's coronavirus cases cross 200,000, peak still weeks away
    Railways announces 5 intra-state special trains in Odisha
    US to ship first tranche of 100 donated ventilators to India next week
    Rajasthan Roadways resumes bus services on 200 routes
    Air India flight carrying 153 Indian nationals from Dubai lands
    PM approves establishment of PCIM&H under AYUSH
    Certain categories of foreign nationals allowed to come to India
    Spike in MGNREGS numbers reveals impact of lockdown

BUSINESS AND ECONOMY
    Moody's downgrades ratings of 8 firms, 3 banks
    Services activity contracts sharply in May, firms cut jobs: PMI
    PSBs disburse Rs 3,893-crore loans to MSMEs
    Govt approves setting up of EGoS & PDCs to attract investments
    Cabinet approves amendments to Essential Commodities Act
    VIP Industries said it might take a 50 per cent hit on its top line in FY21
    Hyundai launches end-to-end online car buying platform 'Click to Buy'
    Around 42 crore poor received financial assistance of Rs 53,248 cr under PMGKP
    Indigo will continue adding Airbus A320neo jets to its fleet
    Power Minister formally launches real-time power market
    Mahindra counts loss of 87,000 vehicles, 30,000 tractors in Q1
    IT spending in India to fall 8% in 2020 due to COVID, first fall in 5 years: Gartner
    Government eyes $17 billion investment proposals to boost local manufacturing
    US launches investigations on India's equalisation levy on global digital majors
    Uday Kotak takes over as CII president

AROUND THE WORLD
    US has most cases at more than 2.9 million
    Europe has highest death toll at 182,000
    No evidence of coronavirus changing its severity: Experts
    Plasma therapy safe, effective for severe Covid-19 patients: Study
    Coronavirus cases in Singapore cross 36,000-mark
    Putin declines British invitation to take part in coronavirus summit
    T20 World Cup could be held in New Zealand, suggests Dean Jones
    201 more cases reported in Nepal, total at 2300
    Australia heading for recession after economy contracts
    Zimbabwe raises $20 million in treasury bills sales to fight coronavirus
    Suez canal revenues fall by 9.6% in May due to coronavirus
    Video-meeting service Zoom said it made a profit of $27 million

DEBATE THIS
    Is India guilty of taking rating agencies too seriously? Tell us here


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