Friday, Jul 03, 2020 | Last Update : 04:54 PM IST

101st Day Of Lockdown

Maharashtra1866261011728178 Tamil Nadu98392560211321 Delhi92175630072864 Gujarat33999246011887 Uttar Pradesh2482517221735 West Bengal1981913037699 Rajasthan1878515043435 Telangana185709069275 Karnataka180168336272 Andhra Pradesh169347632206 Haryana1550911019251 Madhya Pradesh1410610815589 Bihar10914799478 Assam8956583212 Jammu and Kashmir76954856105 Odisha7316535333 Punjab56683989149 Kerala4594243626 Uttarakhand2791190937 Chhatisgarh2339193713 Jharkhand2339160512 Tripura140110931 Manipur12605790 Goa11984783 Himachal Pradesh9796179 Puducherry73930112 Nagaland5351820 Chandigarh4463676 Arunachal Pradesh182601 Mizoram1601230 Sikkim88490 Meghalaya50421
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Economy

 SBI chairman Rajnish Kumar assured shareholders that the likely job cuts and salary reductions in the wake of COVID-19 pandemic. (PTI Photo)

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

 Asian Development Bank (ADB) on Thursday slashed its growth forecast for developing Asia. (AFP Photo)

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%

 Union Finance Minister Nirmala Sitharaman. (PTI Photo)

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 debt relief for 25 poor countries. (PTI Photo)

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

India's economy is set to contract this year. (AFP)

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 stockpiles low-cost oil, fills 32 million tonnes of commercial storage. (AFP Photo)

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

 Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre. (PTI Photo)

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

 Diesel price touch new record high today. (PTI Photo)

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 mostly up on lockdown easing but Hong Kong extends losses. (AP Photo)

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

  Reliance Industries Ltd said on Friday that Abu Dhabi state fund Mubadala Investment Co will buy a 1.85% stake in its digital unit. (PTI Photo)

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 Sciences Inc on Monday priced its COVID-19 antiviral remdesivir at $2,340 per patient for wealthier nations and agreed to send nearly all of its supply of the drug to the United States over the next three months. (AFP Photo)

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

 Traders' body CAIT on Wednesday wrote to Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc. (PTI Photo)

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

 Unilever's 'Fair & Lovely' to get makeover after backlash. (Photo- Twitter)

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. (Photo- NASA)

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. (PTI Photo)

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 Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after pandemic hits earnings. (AFP Photo)

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 reports zero sales in domestic market in April. (PTI Photo)

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. (PTI)

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 in India hit an all-time high on Wednesday. (AFP Photo)

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 has extended the Rs 50 lakh insurance scheme for about 22 lakh healthcare providers. (PTI Photo)

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 gold imports plunged 86% year-on-year in June. (PTI Photo)

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

 India received USD 51 billion in foreign investment in 2019. (PTI Photo)

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

  Prime Minister Narendra Modi. (PTI Photo)

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