Monday, Aug 10, 2020 | Last Update : 10:44 PM IST

139th Day Of Lockdown

Maharashtra51533235171017757 Tamil Nadu2969012386384927 Andhra Pradesh2278601387122036 Karnataka178087939083198 Delhi1454271305874111 Uttar Pradesh122609726502069 West Bengal95554671202059 Bihar7972051315429 Telangana7949555999627 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland27819048 Arunachal Pradesh215514823 Chandigarh151590425 Meghalaya10624906 Sikkim8664971 Mizoram6082980
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Economy

Indian laborers work at a goverment building construction site during reimposed weekend lockdown to prevent the spread of coronavirus in Jammu, India. AP Photo

Real estate sentiment hit an all-time low in Apr-Jun due to pandemic, survey states

The office market, on the other hand, has shown nearly 98-99 per cent rent collection and low relevant micromarket vacancies

  The World Bank on Monday signed a 750 million dollar agreement with the government for MSME emergency response programme. (AFP Photo)

World Bank, India sign Rs 5,600 crore support to COVID-19 hit MSMEs

The programme will address immediate liquidity and credit needs of nearly 15 lakh viable MSMEs

 Prime Minister Narendra Modi. (PTI Photo)

PM Modi says 'India among most open economies', calls for global investment

Speaking at India Global Week 2020, he said green shoots of economic revival are already visible in India coming out of COVID-19 lockdown

 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

 Reserve Bank of India Governor Shaktikanta Das. (PTI Photo)

RBI reviews measures to ease financial stress

The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period

Market

  India’s drug regulator has sent a notice to Glenmark Pharmaceuticals Ltd on overpricing. (Photo- Glenmark Pharma)

Glenmark shares fall as DGCI sends notice on overpricing of COVID-19 drug FabiFlu

The cost proposed by Glenmark for FabiFlu is not in the interest of the poor, lower middle class and middle class people of India, DCGI said

 Sensex tanks 667 pts; Nifty ends below 10,900. (PTI Photo)

Indices extend loses for 4th day, Sensex plunges 667 points, Nifty below 10,900

Kotak Bank was the top loser in the Sensex pack, falling over 4 per cent

 Gold hits record, gets more precious as dollar loses value. (AFP Photo)

Gold soars to record high as dollar drops

The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce

 Petrol price on Wednesday was hiked by 55 paise per litre and diesel by 60 paise a litre. (PTI Photo)

Fuel prices rise on 11th day; Petrol hiked by 55 paise/litre, diesel by 60 paise

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT

Companies

 Staggering economic fallout caused by the coronavirus pandemic was reflected in reports released Thursday from Amazon, Facebook, Apple and Google's corporate parent, Alphabet. (AFP Photo)

Big Tech including Apple, Facebook reports mixed earnings amid pandemic

Apple delivered surprisingly strong numbers with both its revenue and profit rising, defying analysts' lowered expectations

 Reliance Jio net profit stood at Rs 891 crore in the corresponding quarter previous year. (PTI Photo)

Reliance Jio's Q1 net profit surges nearly 183% to Rs 2,520 crore

Jio's operating revenue for the Q1 FY21 grew 33.7 per cent year-on-year to Rs 16,557 crore

Hindustan Unilever Limited or HUL is a fast moving consumer goods company.

FMCG giant Hindustan Unilever registers 5.7 per cent growth in consolidated net profit in Q1

The company had posted a net profit of Rs 1,795 crore in April-June quarter of the previous fiscal.

 Mukesh Ambani’s Reliance Industries Ltd will pay between ₹24,000-27,000 crore to buy the Indian retail chains owned by Future Group. (PTI Photo)

Reliance set to acquire Future Group's retail business for Rs 27,000 crore

Reliance’s existing retail operation already runs close to 12,000 stores in over 6,700 Indian towns and cities

 Sun Pharma's arm Taro resolves all cases with US Dept of Justice. (PTI Photo)

Sun Pharma's Taro resolves multi-year investigations over generic drug pricing

Taro Pharmaceutical said that it is discussing a separate corporate integrity agreement with the department of health and human services

Autos

 Bajaj Auto on Wednesday posted a 60.92 per cent decline in its consolidated net profit at Rs 395.51 crore for the first quarter ended June 30. (ANI Photo)

Bajaj Auto reports 61% fall in June quarter profit

Its total revenue from operations fell to Rs 3,079.24 crore for the April-June period, down 60.29 per cent

 Bajaj is facing supply chain issues at its plants in India due to lockdowns imposed by local governments. (PTI Photo)

Bajaj Auto focuses on exports as India battles COVID-19 pandemic

Between January and June, it exported 6,64,000 motorcycles while selling 5,89,000 in India, company data showed

 Hydrogen champion Hyundai races to electric as Tesla takes off. (AFP Photo)

Hyundai vs Tesla: Hyundai race to produce electric cars as Tesla takes off

No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and software technology

 Bajaj Auto is witnessing a strong revival in demand for two-wheelers in the domestic as well as international markets. (PTI Photo)

Two-wheeler sales rebound, three-wheelers to take longer: Bajaj Auto

In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year

In Other News

 Indian refiners cut runs as fuel demand dips, margins fade. (AFP Photo)

Indian refineries face shutdowns as fuel demand drops

In July, however, local demand growth has slowed because of high fuel prices, renewed lockdown in parts of the country

 Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country. (AFP Photo)

Iran to develop oil industry despite US sanctions

We will not surrender under any circumstances, said Iranian Oil Minister Bijan Zanganeh

 India's manufacturing sector activity contracts for 4th straight month in July. (PTI Photo)

Manufacturing activity shrinks again in July, PMI below June-level

In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months

 Prime Minister Narendra Modi. (ANI Photo)

PM Modi inaugurates Asia’s largest solar plant in Madhya Pradesh's Rewa

The Rewa solar power plant will not only supply power to Madhya Pradesh, but also to the Delhi Metro, Modi said

 Air India reduces monthly allowances of employees by up to 50%. (PTI Photo)

Air India slashes employee monthly allowances by up to 50%

The Air India order said 11 types of allowances for pilots would stand reduced by 40 percent