Thursday, Oct 01, 2020 | Last Update : 11:06 AM IST
189th Day Of Lockdown
Columns
Narendra Modi said he would restructure the bureaucracy but nothing has been heard of it since then
Today India invites foreign investment in arms and ammunition but it restricts investment in health, education and people’s rights
The present confrontation in Ladakh shows that China deceived India by making New Delhi complacent
That's how the ruling party gets to enjoy so much legislative and executive leverage
Economy
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
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
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
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
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 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 to relax public shareholding norms for firms under insolvency
Sebi has sought views of public and market intermediaries till September 18 in this regard
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
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 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
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 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 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
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 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 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
Domestic sales declined by 88.93 percent to 13,888 units last month
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 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 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
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 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
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