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Lockdown, Day 28: Faulty kits & D-St's oil slip
By the time most Indians woke up today, US crude prices turned negative for the first time in history. Sellers were literally paying buyers for oil. The slip showed up in D-Street later, shaving off Rs 3.34 lakh crore of investor wealth.
India neared 19,000 cases, with over 600 casualties, even as the ICMR today asked states to avoid using the new rapid tests which we got from China, suspecting them to be faulty.
Here is the other top news of the day...
TALLY SO FAR
LIFE & HEALTH
BUSINESS AND ECONOMY
WORLD UPDATE
DEBATE THIS
India neared 19,000 cases, with over 600 casualties, even as the ICMR today asked states to avoid using the new rapid tests which we got from China, suspecting them to be faulty.
Here is the other top news of the day...
TALLY SO FAR
 | One case found in Rashtrapati Bhavan |
| 5 more test positive in Odisha; cases now 79 |
| 28 more cases in Agra; district tally nears 300 |
| Nagpur reports 7 new cases; district tally 88 |
| Rajasthan reports 52 new cases; state tally 1628 |
| Gujarat reports 6 more deaths; state death toll rises to 77 |
| Andhra reports 35 new cases; tally climbs to 757 |
| One more tests positive in Meghalaya |
| 127 new cases in Gujarat; state tally jumps to 2,066 |
| 33 test positive in Rae Bareli with Tablighi links |
| 2 more gas tragedy victims die in Bhopal; toll 7 |
| Maharashtra reports 472 new cases; state tally now 4676 |
| Haryana case count stands at 252 |
| 78 more cases in Delhi, tally reaches 2081 |
| World | India | ||
| Tally | Toll | Tally | Toll |
| 24,94,915 | 1,71,249 | 18,985 | 603 |
| India's spending on tests crosses Rs 100 crore |
| Tiruppur units eye $2-bn opportunity from PPE business |
| Rajasthan ceases use of rapid testing kits over invalid results |
| CLAT 2020 postponed to June 21 |
| ICMR withdraws defective COVID-19 test kits from WB |
BUSINESS AND ECONOMY
| Sensex tumbles 1,011 pts, Nifty below 9,000 |
| RBI increases WMA limit to Rs 2L cr for April-September |
| Rupee settles 30 paise lower at 76.83 vs dollar |
| Govt to spend Rs 4k cr more on recast crop insurance scheme |
| UPI transactions drop in March, RTGS shoots |
| UBS cuts target price on NBFCs by up to 60% |
| Air passenger traffic may witness 30% negative growth this fiscal |
| Tata Motors extends commercial vehicles' warranty |
| Air traffic may face 30% degrowth this fiscal: CARE |
WORLD UPDATE
| US records 1,433 deaths in past 24 hours, 42,000 |
| US stock futures turn negative, down 0.3% |
| Russia's cases surge past 52,000 |
| Singapore extends lockdown to June 1, reports 1,111 new cases |
| Nippon Steel to halt third blast furnace |
| Nissan to shut down global HQ through mid-May |
| Chinese mainland reports 11 new cases |
| Hong Kong to extend restrictions by 14 days |
| France has stopped all flights outside Schengen zone |
| Australia loses 6% of jobs |
| Pakistan reports 16 more deaths, confirmed cases tops 9,000 |
DEBATE THIS
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