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Thursday, May 7, 2020

Red carpet for American cos ditching China

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THE ECONOMIC TIMESDaily Newsletter
Thu, May 07, 2020 | 06:09 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
India looks to lure more than 1,000 US cos out of China India looks to lure more than 1,000 US cos out of China
Trump's move to blame China for the Covid-19 outbreak is expected to worsen global trade ties. ...
India's aviation is heading for a jumbo crash
The bad bank plan is back on Modi's table
You could run out of salt in next few months
Automakers hit country roads hoping for revival
Taxes now make up 70 per cent of fuel retail prices
Franklin's global boss breaks her silence on the debt fund fiasco
Gas leak from Vizag chemical plant kills 11
Debate This
Now debating: Should India consider home delivery of liquor?
When medical experts say liquor sales should be intelligently regulated, so that demand can be met and crowding avoided, governments should listen. Home delivery from shops and online purchases must be allowed immediately. It's baffling why most states are dithering on this, since they need the revenue. And as the experts said, regulated liquor sales could have continued through the lockdown, and we wouldn't have been seeing crowds, lathicharge and panicky open-then-shut orders.

Top Gainers

NSE
2 companies (largecap) appreciated more than 5%
Bharti Infratel 7.40%
IndusInd Bank 6.78%
More from Gainers

Top Losers

NSE
2 companies (largecap) price decreased more than -5%
Pidilite Ind -5.42%
Kansai Nerolac -5.23%
More from Losers
More From our Partners
Experts on business continuity planning and risk mitigation
Pros & cons of imposing a Covid tax on India's richie rich Pros & cons of imposing a Covid tax on India's richie rich
International instances back higher tax liabilities for the rich at times of exigencies. ...
How vulnerable are India's states to Covid-19 infections?
Why India needs to raise the bar for liquor
Surat may lose cutting edge in diamond trade
Govt working on financial package for all sectors: Official
GSK sells $3.35 billion stake in Hindustan Unilever
Kishore Biyani may sell big Future Retail stake to Amazon
Maruti, Hyundai consider 2nd shift, vendors struggle
Unacademy database of 22 million users hacked, up for sale
Will expedite scrappage policy: Nitin Gadkari
ArcelorMittal Q1 results: Firm reports $1.1 billion net loss
Ratan Tata invests in 18-year-old's pharma startup
Repurposed drugs offer hope in India's Covid fight
The other Covid symptoms you had no idea about
SBI cuts MCLR, FD rates; senior citizens get 30 bps premium
Coronavirus worse for US than Pearl Harbor, 9/11: Donald Trump
More From our Partners
Recorded Session: ETMarkets Investor Conference - Wealth Creation Opportunity Post Covid-19 Crisis

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Lockdown, Day 44: No piece of cake, this

CORONAVIRUS UPDATES

7 May, 2020 | 05:11 PM IST


Lockdown, Day 44: No piece of cake, this

It's clear that keeping a nation under lock and key is costly - what with billion-dollar losses to industries and millions of people out of jobs. But, reopening a stalled economy isn't a cakewalk either. Industries are being allowed to open, but where are the workers? Production is starting back up, but who do you sell to when a majority of the population is still home?

The way numbers are rising, India's infection rate is predicted to peak in June. The country now has over 50,000 cases and recorded the highest number of fresh cases in a day - 3,600.

Here are the top developments of the day...



CASES SO FAR
    428 new cases in Delhi; total climbs to 5,532
    20 new cases in Odisha, state tally now 205
    Rajasthan reports 45 new cases; state tally hits 3,400
    Andhra Pradesh now has 1,833 cases
    10 new cases in UP's Gautam Buddh Nagar; state tally now 3,059
    Cop succumbs to virus in Maharashtra; 5th death in the force
    487 Maharashtra cops found positive since lockdown
    Jammu and Kashmir toll rises to 9
    Death toll now 30 in Karnataka; tally crosses 700-mark
    Bihar death toll rises to 5
    Indore toll goes up to 83; tally now 1,699
World India
Tally Toll Tally Toll
37,55,341 2,63,831 52,952 1783

LIFE IN A LOCKDOWN
    Air India opens bookings for evacuation
    Visas, OCI cards for foreigners to remain suspended
    Cases in India to peak in June-July, no declining trend despite lockdown: AIIMS director

ECONOMY AND BUSINESS
    Banks drag Sensex 242 points lower; Nifty below 9,200
    SBI reduces MCLR; introduces special deposit for Senior Citizens
    10% pay cut on CTC above 25L: Kotak Mahindra Bank
    HCL Tech Q4 results: Profit jumps 23%
    Domestic aviation industry to take Rs 25,000-cr hit
    Manufacturers predict salt shortfall
    MP amends labour laws to give more flexibility to companies
    BMW resumes operations at Chennai plant

AROUND THE WORLD
    ArcelorMittal reports $1.1 bn net loss in Mar quarter
    Uber reduces workforce by 14%, signals more cuts
    Bank of England sees worst slump in 300 years
    Germany's confirmed cases rise by 1,284
    Second coronavirus wave possible in Germany before autumn
    80,000 cases reported daily in April
    Death toll tops 150,000 in Europe
    Mexico now has 27,634 cases; 2,704 deaths
    China reports 2 more imported cases
    US virus death toll climbs by 2,073 in 24 hours
    Brazil presidential spokesman tests positive
    Singapore reports 741 new cases, taking total to 20,939

DEBATE THIS
    Is it time to allow home delivery of alcohol? Tell us here


21 Amazing Pictures of Lord Narasimha the Lion Avatar

Today is Narasimha Jayanti.
 

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21 Amazing Pictures of Lord Narasimha the Lion Avatar

Today is Narasimha Jayanti. The following 22 pictures are some of the most amazing pictures of deities of Lord Narasimha we have ever seen.
 

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