Thursday, Oct 01, 2020 | Last Update : 11:06 AM IST

189th Day Of Lockdown

Maharashtra1351153104994735751 Andhra Pradesh6811616123005745 Tamil Nadu5863975307089383 Karnataka5824584697508641 Uttar Pradesh3908753312705652 Delhi2730982407035272 West Bengal2505802198444837 Odisha212609177585866 Telangana1872111564311107 Kerala179923121264698 Bihar178882164537888 Assam169985139977655 Gujarat1332191132403417 Rajasthan1288591077181441 Haryana1237821059901307 Madhya Pradesh117588932382207 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
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Economy

Representational image.

NBFCs witness 15-20 per cent improvement in retail lending in last 2 months

Most of the NBFCs are waiting for trends in collections in September given the end of the moratorium and the Kamath committee recommendation

 Britain’s Finance minister Rishi Sunak said that hundreds of thousands of people have already lost their jobs, and sadly in the coming months many more will. (AP Photo)

UK economy slips into recession with record 20.4% contraction, job loss fears mount

Today’s figures confirm that hard times are here, finance minister Rishi Sunak said

 IMF chief Kristalina Georgieva. (AFP Photo)

Not out of the woods yet: IMF chief warns second wave of virus could disrupt economies

Activity has started to gradually strengthen, but we are not out of the woods yet, Georgieva said in a message to G20 finance ministers

 Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since WWI

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this year

The latest GDP data released by India indicated a steep contraction of 23% in the economy. (AP file photo)

Finally, it falls to the farmer to rescue salvage India's parlous GDP

Growing at 3.4%, farm sector may be a safe haven for millions of corona refugees from urban India

Market

 Happiest Minds Technologies and Route Mobile received huge interest from all categories of investors. (PTI Photo)

Happiest Minds IPO sees strong response, subscribed over 150 times

Route Mobile’s Rs 600 crore IPO has been fully subscribed on the very first day of bids opening, as per data updated by stock exchanges

 Sebi proposes to relax minimum public shareholding norms for firms under insolvency. (PTI Photo)

Sebi to relax public shareholding norms for firms under insolvency

Sebi has sought views of public and market intermediaries till September 18 in this regard

 Crude prices fell on Friday as the resurgence of the coronavirus globally dimmed the prospects of fuel demand recovery. (AFP Photo)

Oil falls as growing coronavirus cases stoke fuel demand worries

Gasoline demand will be closely watched as US heads into its July 4 holiday weekend as many Americans are expected to hit the road

 India gold prices hit all-time high, dampens retail demand. (AFP Photo)

Gold prices hit record high, crosses Rs 50,000-mark for first time

Silver was also in huge demand as its prices zoomed Rs 2,550 to Rs 60,400 per kg

Companies

 Uber launched 24x7 ‘Auto Rentals’ service. (AFP Photo)

Uber launches 24x7 auto rentals service in six cities

Uber launched a comprehensive set of safety measures, such as the Go Online Checklist, a mandatory mask policy for both riders and drivers

 Walmart's Flipkart eyes alcohol delivery foray with Indian startup, letters show. (PTI Photo)

After Amazon, Flipkart partners with Diageo-backed HipBar for alcohol delivery

Flipkart and Amazon’s interest in delivering alcohol in India marks a bold move to make inroads into alcohol market worth $27.2 billion

  Novartis reported Tuesday higher profits in the first half of the year despite the coronavirus pandemic causing swings in sales. (AFP Photo)

Novartis profits rise despite coronavirus sales swings

Sales were mostly affected by lower new patient starts and significant reduction in patient visits to physicians, said Novartis

 Samsung Electronics wins $6.6 billion Verizon order for network equipment. (AFP Photo)

Samsung signs $6.6 billion deal with Verizon to supply 5G network solutions

Samsung’s global prospects for its network business have improved following US sanctions on its bigger rival Huawei, analysts said

Lee Jae-yong is already separately being retried on charges of bribery, embezzlement and other offences in connection with the corruption scandal that brought down former South Korean president Park Geun-hye. In this file photo, Lee Jae-yong, vice chairman of Samsung Electronics Co., gets into a car to leave after attending a hearing at the Seoul Central District Court in Seoul, South Korea. (Photo: AP)

Samsung heir's troubles multiply, charged with fraud in taking over reins of company

Lee Jae-yong, vice chairman of Samsung Electronics, committed stock manipulation, breach of trust and other offences, prosecutors said.

Autos

 TVS Motor implements pay cuts for employees. (PTI Photo)

TVS Motor cuts staff salaries by up to 20% as sales plummet

There will be 5 per cent salary reduction at the junior executive level and about 15 to 20 per cent at the senior management level

 Ducati Panigale V2 bookings open in India. ( Photo- ducati.com)

Ducati India open bookings for 2020 Panigale V2 ahead of launch

Unlike the outgoing model, the Panigale V2 features a single-sided X and a moulded around refined monocoque frame, the company said

 Maruti Suzuki India records 86% slump in May sales. (PTI Photo)

Maruti Suzuki India records 86% slump in May sales

Domestic sales declined by 88.93 percent to 13,888 units last month

 Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

Daimler Q2 loss widens on weak demand

CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”

In Other News

 ASEAN, 8 other countries call for strengthening regional supply chains. (Representative Image- AFP)

ASEAN countries, 8 others including India to strengthen regional supply chains

The ministers have finalized an ASEAN Digital Integration Index, which maps readiness for an integrated digital economy among ASEAN members

 India, Russia to ink pact on defence help. (PTI Photo)

India, Russia to ink defence logistics support pact

The Russian DCM said that ongoing defence cooperation projects including for MiG-29 and Sukhoi-30 fighter aircraft were being implemented

 India’s electricity generation fell for the sixth straight month in August. (PTI Photo)

Electricity output falls for sixth straight month in August

In the second half of August, electricity generation declined 4.5%, compared with a 2.6% increase during the first fifteen days of the month

 FSSAI to soon issue order for reducing trans-fat in food items to 2 pc by 2022. (Representative Image)

FSSAI plans to limit trans-fat in food items to 2% by 2022

Currently, bakeries, sweet shops and other food business operators can voluntarily display 'trans-fat-free' logos on food products

 Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI releases national strategy for financial education, aims to create empowered India

The strategy will develop credit discipline and encourage availing credit from formal financial institutions as per requirement