Friday, Jul 03, 2020 | Last Update : 04:54 PM IST
101st Day Of Lockdown
Columns
The armies clashed on the banks of a river
The government has a huge task on its hands and clearly needs to use its straitened resources for fighting the deadly virus
Nandita Das, a well-known young filmmaker and actress, says even a superficial name change is a step in the right direction
In 2020, a military confrontation may not materialise, but the Chinese have evidently prepared for one over a long period
Economy
Job cuts, salary reductions to have 'relatively low level' of stress on SBI: Chairman
As of now, only 21.8 per cent of the customers have availed the benefit of moratorium
ADB slashes 2020 growth forecast for developing Asia to 0.1% from 2.2%
The ADB kept its economic growth forecast for developing Asia for next year at 6.2%
FM Nirmala Sitharaman says second tranche for migrant labourers, farmers and poor
Government to give free foodgrain supplies to migrant workers for next two months
IMF approves immediate debt relief for 25 poor countries
The fund together with the World Bank have called for rich nations to stop collecting debt payments from poor countries
Why IMF's latest projection on India's economic growth must not come as a surprise
Coronavirus and the consequent lockdown have dealt a body blow to India's economic recovery
Market
India takes advantage of low oil prices, stockpiles 32 million tonnes
India, the world’s third biggest oil importer, buys over 80% of its oil needs from overseas markets
Fuel price hike: In 13 days, petrol and diesel prices hiked by more than Rs 7 a litre
Petrol price hiked by 56 paise per litre and diesel by 63 paise a litre on Friday
In 16 days, petrol price hiked by Rs 8.3 per litre and diesel by Rs 9.46
Petrol price hiked by 33 paise per litre and diesel by 58 paise to take retail rates to record high
Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses
Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law
Companies
Abu Dhabi's Mubadala to buy 1.85% stake in Jio Platforms
The interest in Jio Platforms highlights its potential to become the dominant player in India’s digital economy
Gilead prices COVID-19 drug remdesivir at $2,340 per patient in developed nations
Remdesivir is expected to be in high demand as one of the only treatments so far shown to alter the course of COVID-19
Boycott China products: CAIT writes to Mukesh Ambani, 50 others, says let's hit back at China economically
The trader's body expressed hope that Ambani would give a clarion call to promote Indian goods
Fair & Lovely to lose 'Fair' from name, says Unilever
Several users on Twitter applauded the move, though some said it was too little, too late
Three Indian companies get licence to manufacture NASA's coronavirus ventilators
Apart from Indian firms, 18 other companies, including 8 American and 3 Brazilian are selected to manufacture critical breathing devices
Autos
Auto component industry likely to witness double-digit degrowth in FY21
India exports around 12 percent of the total auto components to economies with reliance on crude oil such as Africa and Latin America
Tata Motors to shed 1,100 jobs at Jaguar Land Rover
The automaker posted a consolidated fourth quarter net loss of Rs 98.94 billion, as coronavirus lockdowns across its markets ravaged sales
Bajaj Auto announces zero sales in April
The company, however, shipped 32,009 two-wheeler units to overseas markets last month
India's car sales plunge amid lockdown
Government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers to suspend manufacturing
In Other News
Gold prices hit all-time high of Rs 48,871 as virus spike lifts demand
The country’s gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed
Government Rs 50 lakh Covid cover for healthworkers extended till September
The scheme implemented by New India Assurance was to end on June 30 as part of Rs 1.70 lakh Pradhan Mantri Garib Kalyan package in March
India's June gold imports plunge 86% due to record high prices
The world’s second-biggest consumer of the precious metal imported around 11 tonnes of gold in June, down from 77.73 tonnes a year ago
Ninth largest recipient of FDI in 2019, India will continue to attract investments: UN
Investments from India are expected to decline in 2020, with largest MNEs revising their earnings down by 25% in early 2020 due to pandemic
PM Modi launches coal mines auction, says India must become self-reliant in energy sector
Ministry of Coal launched the process for auction of 41 coal mines to achieve self-reliance in the coal sector
