One more sign of how bad the Covid mess is

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THE ECONOMIC TIMESDaily Newsletter Mon, Jun 08, 2020 | 04:57 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day A niche Indian loan market hasn't been this quiet in 14 years Lending by Indian banks is drying up in a niche market that is important for lower-rated companies.... Jefferies sees doubling of mobile revenue by FY25 Wipro partners with IBM to offer Cloud solutions India is mulling a new way to bring its bad loan burden under control Delhi CM to be tested for Covid-19 on Tuesday India Inc may keep 50% of employees in WFH mode WMO applauds IMD for its prediction of cyclone Amphan Plans afoot for India's first Coal Exchange

Debate This Can India do without China in a post-Covid world? India has again found itself in an eyeball-to-eyeball confrontation with China. The new standoff comes at a time when India was hoping to make some inroads into Chinese dominance of global supply chains in a post-Covid world. But with its own domestic markets flooded with Chinese products, and a high dependency on Chinese imports to run its own factories, can India afford to antagonise its giant neighbour?

SENSEX 34370.58 83.34 NIFTY 50 10167.45 25.30 USD/INR 75.53 -0.06

Top Gainers NSE 12 companies (largecap) appreciated more than 5% General Insurance Corporation of India 9.97% Ashok Leyland 9.72% More from Gainers Top Losers NSE 1 company (largecap) price decreased more than -5% InterGlobe Aviation Ltd. -6.11% More from Losers

More From our Partners Can your society manage without this mobile-based solution?

Bad bank not a good idea unless key issues are addressed: Uday Kotak "I think we have tried the bad bank in the past. If you recall when IDBI had challenges in the early 2000s, there was... IBC suspension leaves door open for fraud: Experts Job demand, household coverage under MGNREGS hit a new high Govt extends oil block bid deadline to June 30 Getting growth back on track is non-negotiable: Uday Kotak Who's bidding to be next World Trade Organization chief? Prolonged growth slowdown likely to hit India's external sector: SBI report Business economists expect worst slump since 1940s: Survey 2020 Watch: Has Trump hit bottom? Polls show him trailing Hit by Covid-19, Census-NPR may be pushed to next year

More From our Partners Meet woman bosses who are revolutionising start-up ecosystem Reforming the pet-care industry in India and making citizens' voices heard on laws and regulations, Devanshi Shah and Antaraa Vasudev are revolutionising the start-up ecosystem.

Top Slideshow India's opening up, here's what it looks like Top Video Sensex gains 83 pts, Nifty above 10,150

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Lockdown, Day 76: Maharashtra surpasses China

CORONAVIRUS UPDATES 8 Jun, 2020 | 05:56 PM IST SENSEX 34,371 +83.34 NIFTY 50 10,167 +25.30 Gold 45,920 +222.00 USD/INR 75.53 -0.06

Lockdown, Day 76: Maharashtra > China While most of India throws off the shackles after a gruelling lockdown, Maharashtra continues to suffer - reporting a total of 85,975 cases, a tally higher than that of China. India's first phase of unlocking, after over 70 days of being locked in, began today with religious places across the country reopening first. Here are the latest updates from today: COUNT SO FAR: Delhi's tally crosses 28,000-mark; toll mounts to 812. Rajasthan now has 10,696 cases; 241 casualties. Haryana tally up to 4,590,total death count goes to 30. 239 cases, two deaths in Karnataka, tally now 5,213. 155 new cases in Assam; state total now 2,397. 125 new cases in Andhra Pradesh; total now 3,843. 105 new cases in Bihar take total to 5,175. 53 new cases in Tripura; tally rises to 803. Nine new cases in Puducherry; total cases now 75. Eight new cases in Mizoram; total now 24. World India Tally Toll Tally Toll 69,81,701 2,57,451 2,56,611 7,200 LIFE AND HEALTH: Arvind Kejriwal unwell, to get tested tomorrow. West Bengal extends lockdown till June 30. 250-bed COVID-19 care centre set up in Aurangabad. Goa churches, mosques not to reopen for now. Odisha's malls, eateries, religious places to remain closed. BUSINESS AND ECONOMY: Job demand, household coverage under MGNREGS hit a new high. On-boarding delayed for newbies at IT companies. Steel demand to contract by over 20% in FY21. Government extends oil block bid deadline to June 30. AROUND THE WORLD: US adds almost 700 new deaths in 24 hours. Germany reports 184,193 cases, 8,674 deaths. Pakistan reports 4,728 new cases; tally crosses 100,000-mark. China reports six new imported cases. New Zealand clears its last case; to lift all restrictions. Japan's Q1 GDP shrinks an annualized 2.2% in January-March. China central bank injects 120 billion yuan through seven-day reverse repos. ET DEBATE: Can India do without China post-pandemic? Tell us here

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