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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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