The gorilla in India's coronavirus war room

To keep you updated, we send Daily Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here

THE ECONOMIC TIMESDaily Newsletter Mon, May 04, 2020 | 06:02 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day The 1,000-pound gorilla in India's coronavirus war room A fresh surge in bad debt could hit growth and delay India's recovery from the pandemic.... India offers land twice Luxembourg's size to firms leaving China Why the backers of financial bazookas should hold their fire Ambani scores second cheque for Jio, this time from a PE giant Forty days that prompted India Inc to write-off a quarter Icra expects GDP to contract by 20 pc in June quarter; 2 pc fall in FY21 Investor wealth plummets Rs 5.15 lakh crore as market tanks India's factory activity slumped to record low in April: PMI

Debate This Now debating: Will partial lifting move India's economic needle? India has been locked down for two more weeks. However, a maze of regulations, restrictions on movement of people and unbridled powers to local administration mean a vast segment of economy will still stay shut, amplifying the stress. Could we have done better?

SENSEX 31715.35 -2002.27 NIFTY 50 9293.50 -566.40 USD/INR 75.71 0.59

Top Gainers NSE 4 companies (largecap) appreciated more than 3% Aurobindo Pharm 4.39% Cipla 3.77% More from Gainers Top Losers NSE 80 companies (largecap) price decreased more than -5% Bharat Forge -12.74% Motherson Sumi -12.51% More from Losers

More From our Partners Experts on business continuity planning and risk mitigation

Muted start to phase 3 of India's lockdown Carmakers, phone firms are set to begin production with output less than the usual level.... Sensex crashes 2,002 points on global risk-off move India stockpiles low-cost oil, fills 32 mt of commercial storage April petrol sales down 61%; diesel down 57%: Report Safer zones running out of non-essentials UPSC defers CS prelims exam scheduled on May 31 E-commerce may take time to steady cart AIMA to conduct MAT through remote proctoring Most profitable cement maker in India reopens, but sees demand crash Five in 10 cos keeping their salary increment budgets unchanged: Survey No hiring freeze: Companies hunting top talent despite salary, job cuts Bengal has highest COVID-19 mortality rate, central team tells chief secy Abbott's Covid antibody tests to be available by May-end DHS report: China hid virus' severity to hoard supplies Trump says up to 100,000 Americans may die from coronavirus

More From our Partners Recorded Session: ETMarkets Investor Conference - Wealth Creation Opportunity Post Covid-19 Crisis

Top Slideshow Spirited booze lovers throng liquor stores Top Video Covid-19: Recovery rate rises to 27.52%

Follow Us on ET:

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2020 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here

Lockdown, Day 41: New phase, old fears

CORONAVIRUS UPDATES 4 May, 2020 | 05:34 PM IST SENSEX 31,715 -2002.27 NIFTY 50 9,294 -566.40 Gold 45,847 +320.00 USD/INR 75.71 +0.59

Lockdown, Day 41: New phase, old fears Amid the worldwide struggle to adjust to a new normal, Sensex today joined global peers and crashed 2000 points. Meanwhile, there were new fears that a fresh surge in bad debt could hit growth and delay India's recovery from the pandemic. As the new phase of the nation-wide lockdown gets underway, businesses scramble to decode the fine print in ever-changing government guidelines. In the last 24 hours, the country added about 2500 cases, taking the tally close to the 43,000-mark. Here are the other big developments of today... COUNT SO FAR 8 new cases in Ghaziabad; total cases rise to 82 Rajasthan reports 4 deaths; 123 new cases One more case reported in Odisha; count rises to 163 Dharavi reports 94 new cases and 2 deaths Karnataka reports 28 new cases; state tally rises to 642 Andhra reports 67 new cases; state tally now 1,650 Cases in Maharashtra's Thane rise to 1183 No new cases in Kerala today West Bengal has the highest mortality rate in the country World India Tally Toll Tally Toll 35,07,265 2,47,491 42,836 1,389 LIFE IN A LOCKDOWN Two floors in Delhi BSF headquarters sealed Ola, Uber resume services in cities in green, orange zones UPSC IAS prelims 2020 postponed Many liquor shops in Delhi shut after crowd turns unruly Abbott's lab-based antibody tests to be available in India by May-end ECONOMY AND BUSINESS India April manufacturing PMI at all-time low of 27.4 Sensex bleeds 2,002 pts; Nifty slips below 9,300 Crude oil prices fall on US-China tensions April petrol sales down 61%; diesel down 57% Power consumption drops 23% in April Amazon, Flipkart to increase warehouses 65% companies expect 40% hit to revenue in Q1 Hero MotoCorp resumes operations at three facilities Bajaj Auto reports zero domestic sales in April Securities Appellate Tribunal to remain closed till May 15 WORLD UPDATES Global cases surpass 3.5 million US deaths rise by 1,450 in 24 hours S.Korea's April factory activity suffers as exports shrink at record pace Hong Kong's economy shrinks by 8.9%; worst performance since 1974 Mexico reports 1,383 new cases, 93 more deaths China reports 3 new cases, all imported Pakistan's number of cases surges past 20,000 Japan extends state of emergency to May 31 DEBATE THIS Will partial lifting move India's economic needle? Tell us here

© 2020 Times Internet Limited. To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here To unsubscribe or edit your subscriptions please click here