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Wednesday, May 6, 2020

Lockdown, Day 43: One more historic low

CORONAVIRUS UPDATES

6 May, 2020 | 06:05 PM IST


Lockdown, Day 43: One more historic low

The price the Indian economy is having to pay for an almost two-month complete halt is getting higher and higher. The world's harshest lockdown has dragged the country's service sector to historic low, with the worst ever month-on-month drop in business activity during April.

Meanwhile, staying indoors has not turned out to be the solution India hoped it would be. As the country wobbles back on to its feet, Covid numbers have skyrocketed, with thousands of cases being added to the national tally each day.

Here are the top news of the day...



COUNT SO FAR
    One new case & 1 death reported in Odisha
    35 new cases in Rajasthan; tally now 3,193
    206 new cases reported in Delhi; tally rises to 5,104
    60 new cases in Andhra Pradesh; total now 1,777
    West Bengal reports 112 more cases; state tally rises to 1,456
    Karnataka tally nears 700
    Uttar Pradesh case count rises to 1,831
    7 new cases in Haryana; state count rises to 555
    Cases reach 1,681 in Indore; death toll 81
    85 more BSF personnel test positive; total 154 infected
World India
Tally Toll Tally Toll
36,63,911 2,57,301 49,391 1,694

LIFE IN A LOCKDOWN
    Not having Aarogya Setu App is a punishable offence
    Section 144 to remain in Ghaziabad till May 31
    Direct Line insurance claims drop as lockdown keeps cars off roads
    Up to Rs 10 lakh fine in UP for Covid violation

BUSINESS AND ECONOMY
    India's services activity collapses
    Hiring during April dips by 62%
    Sensex gains 232 pts, snaps 2-day losing run, Nifty tops 9,250
    Excise duties on petrol hiked by Rs 10/litre and diesel by Rs 13/litre
    UP: VAT increased by Rs 2/litre on petrol, Rs 1/litre on diesel
    Liquor price to be hiked in TN by Rs 20 from May 7
    Hyundai Motor sales down 57%
    Maruti introduces new norms for dealerships
    Mercedes-Benz India restarts production at Chakan plant in Pune
    MRF Tyres partially resumes operations
    Royal Enfield resumes operations at Oragadam unit
    TVS Motor resumes operations across plants in India

AROUND THE WORLD
    British death toll hits 32,000
    US deaths rise by 2,333 in 24 hours
    Germany's case count rises by 947 to 164,807
    China reports 2 new cases, 20 asymptomatic cases
    Philippines' infections top 10,000
    Disney takes $1.4 bn coronavirus hit
    Airbnb to cut 25% of staff amid global travel slump
    BMW reports 133% rise in first-quarter profit

ET ONLINE SURVEY
    How is India faring in lockdown? Here's the 43-day scorecard


Lockdown drags service sector to historic low

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THE ECONOMIC TIMESDaily Newsletter
Wed, May 06, 2020 | 05:40 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Lockdown drags service sector to historic low Lockdown drags service sector to historic low
The grim result for the industry, the engine of growth, underlines the pandemic's impact....
Do you have to pay more for fuel? Take a look
Decoding India's new rules for dancing with the dragon
GDP will contract in the first quarter: CEA
Corporate borrowings hit amid lockdown
Mandatory mass testing may deliver unwanted results
Govt eyes Rs 22,000 cr from ITC, Axis stakes
Lack of manpower slows Honda's plant restart plans
ET Online Survey
How is India faring in lockdown? A 43-day scorecard
Now that the wheels have begun clacking again in factories and plants, we present the insights gleaned from almost 13,000 of India's best-informed readers of business news.

Top Gainers

NSE
8 companies (largecap) appreciated more than 5%
M&M Financial 7.23%
Oberoi Realty 7.06%
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Top Losers

NSE
3 companies (largecap) price decreased more than -5%
ITC -5.75%
Bharti Infratel -5.69%
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The country that'll be crucial to Asia's Covid fight
Workers stressed about returning to work: Survey
Punjab National Bank extends moratorium to NBFC
Aarogya data safe, for limited period: Prasad
Sanofi to enroll thousands for its vaccine trials
Maruti introduces new norms for dealerships
Companies expected to outsource more work: NTT
Most H-1B visa workers paid below mkt wages: Report
Govt extends validity of MV Act docs till June 30
Centre has no liability if Aarogya data leaks
Criticism mounts over Mumbai's handling of the virus
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Tuesday, May 5, 2020

India's reopening is a multi-coloured mess

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THE ECONOMIC TIMESDaily Newsletter
Tue, May 05, 2020 | 06:08 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
India's reopening is looking like a multi-coloured mess India's reopening is looking like a multi-coloured mess
Nobody can predict if even the modest normalization of the economy will last. With nearly 43,000 Covid-19 cases and t...
India Inc is nervous about going back to office
India's jobless rate jumps to 27.1%, survey says
The murmurs against Aarogya are growing
Paytm, the David to Ambani's Goliath?
How not to tax your way out of a coronavirus crisis
1 in 3 professionals have decreased income: LinkedIn
Less luggage, more delays: Freedom to fly will come with a new normal
Debate This
Now debating: Can India afford a tax holiday?
With the economy expected to register very little growth this year, the government's revenue will remain under a cloud. Calls for tax breaks have become shriller from various quarters. Does the govt have enough fiscal wiggle room for tax breaks?

Top Gainers

NSE
1 company (largecap) appreciated more than 5%
The New India Assurance Company Ltd. 9.94%
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Top Losers

NSE
3 companies (largecap) price decreased more than -5%
United Spirits -8.66%
United Brewerie -6.33%
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Factories open, but where are the workers? Factories open, but where are the workers?
Industry leaders said April-June quarter would be a washout even for the high and mighty....
86% fear job losses as coronavirus scare mounts: Survey
Shared mobility companies take a U-turn to stay on the road
India coronavirus count sees steep spike, toll jumps sharply
Covid-19: 65-acre Tamil Nadu market is now a super spreader
Expired e-way bills biggest challenge for India Inc
Protests move indoors, online during lockdown
NBFCs ask RBI for one-time restructuring of all loans till Mar 2021
NRIs look to return to 'safe haven' India amid global COVID outbreak
Vistara announces leave without pay for up to 4 days per month for senior staff
JEE-Mains to be held from July 18-23, JEE-Advanced in August: HRD minister
India should put in large enough stimulus package to revive demand: Abhijit Banerjee
More From our Partners
Recorded Session: ETMarkets Investor Conference - Wealth Creation Opportunity Post Covid-19 Crisis

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© 2020 Times Internet Limited.
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