Wednesday, Apr 01, 2020 | Last Update : 08:17 AM IST
Columns
Just the other day we were watching the lockdown in Wuhan and were appalled that people could be quarantined in their own country
In the post-Covid-19 world the institutions of global governance would have to be revisited and remodelled
Guided by common sense, the women of Shaheen Bagh have been extraordinarily focused on the Constitution
Ashwin Lohani has been tasked to harness the tourism potential of Andhra Pradesh
Economy
Yes Bank moratorium ends today, to resume banking services
On march 5, RBI imposed a moratorium on Yes bank, restricting withdrawals to Rs 50,000 per depositor till April 3
Coronavirus recession could be worse than 2009, warns IMF
Mulls SDR allocation to provide liquidity to global economy
Gold holds near seven-year peak over virus concerns
Beijing cut its benchmark lending rate to support an economy hit by the epidemic, keeping Chinese stocks supported
India's mfg activity eases marginally in Feb: PMI
This is the 31st consecutive month that the manufacturing PMI has remained above the 50-point mark.
Indian government to seek RBI dividend boost as revenue drops
Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government
Market
Coronavirus, Yes Bank crisis to keep markets under pressure
During the last week, Sensex plunged 720.67 points or 1.88 per cent
Sensex, Nifty 50 lose momentum; Sensex dips by 130 points, Nifty below 8700
Rising probability that large parts of the global economy will slip into recession due to the outbreak
Wall Street dives on coronavirus panic, stocks have worst day in 3 decades
The losses were the most substantial since worries over a coronavirus-induced recession became market's preoccupation over last three weeks
Asian markets sink as pandemic deaths soar
The negative mood was fuelled by the failure of US lawmakers to agree on a trillion-dollar emergency package
Companies
Amazon temporarily raises overtime pay for warehouse workers
Hourly workers at Amazon’s US warehouses will receive double pay after 40 hours for overtime
COVID-19: ABFRL to close retail stores till March 31, suspends factory operations
Aditya Birla Fashion and Retail Ltd stopped its factory operations in Karnataka, Tamil Nadu and Odisha till March 31
Kia Motors India suspends operations over corona scare
Company's manufacturing facility in Andhra Pradesh and company office premises will stop functioning until further notice
Adani Transmission sells 25.1 pc stake in arm AEML to QIA for Rs 3,220 cr
AEML has recently completed an investment grade, USD 1 billion bond issuance.
NCLAT asks CCI to probe against Flipkart over allegations of unfair practices
The appellate tribunal has directed the CCI to ask its probe arm Director General (DG) to investigate into the allegations.
Autos
Harley-Davidson looks for new leadership to end its sales struggle
Harley’s 2019 US bike sales were the lowest in at least 16 years.
Vehicles back in slow gear; total sales down 12 per cent in November
Commercial vehicle sales, the barometer of economic activity in the country, fell 15 per cent over last year to 61,907 units.
Bajaj Auto launches Chetak electric scooter; bookings start from Jan 15
The electric variant of the iconic Chetak will initially be available in Pune and Bengaluru.
Clash of the almost-SUVs
While there is enough room for average-sized adults in the back of the Kwid, the S-Presso’s rear seat can host two six-footers in good comfort.
In Other News
Supreme Court quashes RBI banking ban on cryptocurrency
In April 2018, RBI gave entities it regulated 3 months to snap all banking relationships with individuals dealing in virtual currency.
Transmission of rate cuts will improve further: Shaktikanta Das
His comments come against the backdrop of concerns over growth of the economy, which has registered a spike in inflation
Indian Bank announces additional funding facility
It will be offering loans to large corporates and medium enterprises that are in the standard category
IMF approves $1.3 bilion aid program for Jordan
The program to support unbudgeted spending covering emergency outlays and medical supplies and equipment
Coronavirus pandemic to leave behind a global recession: Anand Mahindra
This time, there will be no victors, only the vanquished. So every country have to create its own post ‘virus war' marshall plan: Mahindra