India's auto firms are set for a nasty first

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THE ECONOMIC TIMESDaily Newsletter Mon, Apr 27, 2020 | 05:58 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day India culls China's test kits after paying a 'bomb' for them Centre cancels orders after it was found the kits from China were showing inaccurate results.... Zero cars sold in April, India's auto firms are set for a nasty first Mukesh Ambani tests his Facebook-backed store in lockdown RBI opens its vault to stomp out a Franklin Templeton wildfire No GST for six months among options on India's Covid table Ind-Ra cuts India's FY21 GDP growth to 1.9%, lowest in 29 yrs Need to give importance to economy, battle Covid-19: PM Modi Shaktikanta Das calls for fiscal support to economy

Debate This Now debating: Should India nationalise all hospitals till Covid is brought under control? A debate is raging on whether the Centre, States and Union Territories should nationalise all healthcare facilities till the coronavirus menace is meaningfully shackled. Given the systematic neglect that has turned India's public hospitals into nothing better than hellholes, does this proposal hold any water? You decide.

SENSEX 31743.08 415.86 NIFTY 50 9282.30 127.90 USD/INR 76.25 -0.21

Top Gainers NSE 17 companies (largecap) appreciated more than 5% ICICI Prudential Life Insurance Company Ltd. 12.17% Nippon Life India Asset Management Ltd. 11.28% More from Gainers Top Losers NSE 3 companies (largecap) price decreased more than -3% Shriram Tran Fin -3.91% Hindustan Zinc -3.42% More from Losers

More From our Partners Managing cash for businesses in a Covid-19 world Know how to manage the cashflow for business during COVID-19 world.

How to sell a car when there's a lockdown A car can be purchased using digital tools that cover everything, from payment to services. ... A painkiller, not panacea: Decoding RBI's Franklin dose Nitin Gadkari wants India to milk China 'hate' Paytm in funding talks with Microsoft to build war chest India third largest military spender in world, after US and China All locked down, but billion-dollar deals aplenty for right biz Way you shop set to change after lockdown Lockdown puts rural economy under stress Robots punch in as virus keeps workers out Battered and bruised, world shifts into survival mode WFH may continue for Indian IT: Kris Gopalakrishnan Pune firm plans to launch Covid vaccine by Sept-Oct Companies get creative to ease work-from-home pains Fixed line broadband users, data usage surge due to lockdown: Report KKR to buy five solar assets from SP Group for $200 million

More From our Partners LIVE Discussion - How stimulating is the govt stimulus

Top Slideshow The strategy that's working for Sweden Top Video Covid-19: 1,396 new cases in 24 hrs

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Lockdown, Day 33: Super-rich tax to fund fight?

CORONAVIRUS UPDATES 26 Apr, 2020 | 05:55 PM IST SENSEX 31,327 -535.86 NIFTY 50 9,154 -159.50 Gold 46,599 +172.00 USD/INR 76.45 +0.37

Lockdown, Day 33: Super-rich tax to fund fight? As the fight against COVID-19 takes a toll on India's coffers, taxmen have suggested that the government charge the super-rich extra. With the end of the nationwide lockdown drawing closer, Prime Minister Narendra Modi is all set to discuss with his Chief Ministers an easing of restrictions post May 3 and the way forward. Here are the developments so far: COUNT SO FAR: Two dead in West Bengal, including one doctor. Two dead in Uttar Pradesh; state reports 50 fresh cases. 58 new cases in Rajasthan, total rises to 2,141. 91 new cases in Indore; district tally at 1,176. 81 new cases in AP; total cases now 1,097. 29 new cases in Jammu and Kashmir, total over 500 Seven new cases in Haryana, cases total 294. Four more test positive in Andaman and Nicobar. Three new cases in Odisha, total now 103 Two fresh cases in Uttarakhand. One new case in Karnataka; state tally now 501. World India Tally Toll Tally Toll 28,99,830 2,03,044 26,917 826 ECONOMY: Honda Motorcycles, Yamaha working to restart production post-lockdown. Tax officers suggest 40% tax on super-rich to fund virus fight. USIBC urges government to create tailored COVID-19 budget. MNCs, IT, BPO offices in Gurgaon may have to 'work from home' till July-end. AROUND THE WORLD: US death toll at 53,755; case count nears one million. Germany reports 1,737 case increase; tot 154,175. Russia case count surpasses 80,000; 747 dead, so far. China has 11 new cases. Cases in Wuhan hospitals drop to zero for the first time. South Korea reports 10 new cases, continuing a streak of sub-20 daily increases. Spain records lowest daily rise in months - 288 - to take the death toll to 23,190. Saudi Arabia eases curfew, but not in Mecca. 113 Sri Lankans evacuated from India. DEBATE THIS: Do you think India should nationalise all its hospitals till the pandemic is brought under control? Join here

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