China's Lehman moment

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Daily Newsletter Tue, Jul 21, 2020 | 04:21 PM IST

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Top stories of the day Saddled with risky financial assets, China is getting dangerously close to its Lehman moment China's Lehman moment, when isolated events cross the line into systemic effects, is just lurking around the corner.... Rahul Bajaj to step down as Bajaj Finance chairman Why you lose so much when breaking bank FD For Modi, helicopter money is an idea best left alone US will let Americans sue China for the virus Serum Institute to apply for local trials Britannia plans to keep 'Good Days' going What is making top CEOs 'more cautious'

Debate This Is it too early to talk of an economic recovery? The economy was cratering even before the pandemic hit, with demand stagnation leading to declining GDP growth over successive quarters. The lockdown just made it worse. Now as India slowly reopens, the needle seems to be moving, but is it enough? While the supply-side problems that affected the economy in the beginning of the lockdown have been largely sorted, things are far from normal.

SENSEX 37930.33 511.34 NIFTY 50 11162.25 140.05 USD/INR 74.74 -0.18

Top Gainers NSE 6 companies (largecap) appreciated more than 5% Piramal Ent. 10.81% Bank of India 6.69% More from Gainers Top Losers NSE 6 companies (largecap) price decreased more than -3% Aarti Surfactants Ltd. -5.00% Bajaj Finance -4.33% More from Losers

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