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    Thursday, June 4, 2020

    Lockdown, Day 72: The sinking bottom line

    CORONAVIRUS UPDATES

    4 Jun, 2020 | 06:53 PM IST


    Lockdown, Day 72: The sinking bottom line

    The world's largest lockdown has fueled the biggest earnings decline in at least six years for India. Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year.

    That's not all. Bajaj boss Rajiv Bajaj today said that the lockdown may have flattened the wrong curve for India.

    Here are the latest updates...



    COUNT SO FAR
      UP cases cross 9,000 mark
      68 new cases in Rajasthan; tally reaches 9,720
      Maharashtra sees two deaths; 63 fresh cases in Nashik
      98 new cases take AP's count to 3,377
      Chhattisgarh cases tally rises to 680
      47 more test positive in Assam
      90 test positive in Odisha, total count 2,478
      Two die in Uttarakhand; tally rises to 1,145
    World India
    Tally Toll Tally Toll
    65,13,301
    2,17,967 216,919 6,075

    BUSINESS AND ECONOMY
      Sensex snaps 6-day winning run, drops 129 pts
      India's edible oil imports in May lowest since 2011
      Construction sector to see 12-16% decline in investment in FY21, says Crisil
      M&M tractor sales fall 1% in May, exports slump 72%

    AROUND THE WORLD
      World food price index hits 17-month low in May
      US services sector contracts for 2nd straight month
      Germany appoves $146-billion stimulus package
      Pakistan surpasses China in cases, infections surge to 85,246
      Nepal economy to suffer $1.4 billion hit due to pandemic
      Germany's cases rise by 394; tally at 1,82,764
      France's death toll crosses 29,000
      France cancels 2020 Bastille Day parade

    DEBATE THIS
      Is India guilty of taking rating agencies too seriously? TELL US HERE


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