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Thursday, June 4, 2020

Lockdown, Day 72: The sinking bottom line

CORONAVIRUS UPDATES

4 Jun, 2020 | 06:53 PM IST


Lockdown, Day 72: The sinking bottom line

The world's largest lockdown has fueled the biggest earnings decline in at least six years for India. Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year.

That's not all. Bajaj boss Rajiv Bajaj today said that the lockdown may have flattened the wrong curve for India.

Here are the latest updates...



COUNT SO FAR
    UP cases cross 9,000 mark
    68 new cases in Rajasthan; tally reaches 9,720
    Maharashtra sees two deaths; 63 fresh cases in Nashik
    98 new cases take AP's count to 3,377
    Chhattisgarh cases tally rises to 680
    47 more test positive in Assam
    90 test positive in Odisha, total count 2,478
    Two die in Uttarakhand; tally rises to 1,145
World India
Tally Toll Tally Toll
65,13,301
2,17,967 216,919 6,075

BUSINESS AND ECONOMY
    Sensex snaps 6-day winning run, drops 129 pts
    India's edible oil imports in May lowest since 2011
    Construction sector to see 12-16% decline in investment in FY21, says Crisil
    M&M tractor sales fall 1% in May, exports slump 72%

AROUND THE WORLD
    World food price index hits 17-month low in May
    US services sector contracts for 2nd straight month
    Germany appoves $146-billion stimulus package
    Pakistan surpasses China in cases, infections surge to 85,246
    Nepal economy to suffer $1.4 billion hit due to pandemic
    Germany's cases rise by 394; tally at 1,82,764
    France's death toll crosses 29,000
    France cancels 2020 Bastille Day parade

DEBATE THIS
    Is India guilty of taking rating agencies too seriously? TELL US HERE


Forced savings during lockdown to aid India's borrowings?

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THE ECONOMIC TIMESDaily Newsletter
Thu, Jun 04, 2020 | 05:37 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Forced savings during lockdown to aid India's borrowings: HSBC Forced savings during lockdown to aid India's borrowings: HSBC
As India emerges from one of the world's longest shutdowns to check the pandemic's spread, Prime Minister Narendra Mo...
India's path to world-beating growth just keeps getting tougher
Amazon in talks to invest $2 billion in Bharti Airtel: Sources
Google clarifies stand on app removals; says won't allow apps to target other apps
IL&FS COO N Sivaraman decides to quit
Double whammy for service companies: Required to pay GST on defaults, bad debts
SC seeks FinMin's reply on waiver of interest on loans
India, Australia sign pact on military bases access
Debate This
Is India guilty of taking rating agencies too seriously?
Moody's has downgraded India by a notch to Baa3. This almost-junk classification, which comes close on the heels of sub-optimal Q4 & FY20 GDP numbers, is being seen as a proof of the rating agency's disapproval of India's recent policy measures. A falling rating, coupled with virus trouble, can push the economy deep into the red. Is this downgrading fair on India?

Top Gainers

NSE
5 companies (largecap) appreciated more than 5%
IDBI Bank 9.87%
InterGlobe Aviation Ltd. 9.07%
More from Gainers

Top Losers

NSE
3 companies (largecap) price decreased more than -5%
Chola Inv Fin -8.50%
Bandhan Bank Ltd. -6.71%
More from Losers
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A 'retracted' study on HCQ exposes perils of hasty trials
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Wednesday, June 3, 2020

Segunda fase ICO Covid

Segunda Fase ICO Covid-19
 

Novedades ICO Covid-19

Finalizada la primera fase de las líneas ICO Covid-19 el 20 de abril, las entidades asociadas ya se encuentran estudiando operaciones para la segunda fase.

¿Para qué?

Atender las necesidades de financiación de empresas y autónomos para:

- Pago de salarios.

- Facturas.

- Necesidades de circulante.

- Necesidades de liquidez por pago de obligaciones financieras y tributarias.

¿Importe máximo?

Sin importe máximo pero determinadas por el impacto de la actual crisis sanitaria y económica en la operativa de cada empresa.

¿Tipo de operaciones?

Préstamos, reestructuraciones y circulante.

Si te interesa, podemos ayudarte a gestionar la liquidez que necesitas para sobrevivir a esta crisis.

Haz clic aquí para que te llamemos.

Un saludo,

Carina