Thursday, Jun 04, 2020 | Last Update : 02:17 PM IST

72nd Day Of Lockdown

Maharashtra74860323292587 Tamil Nadu2587214316208 Delhi236459542615 Gujarat18117122121122 Rajasthan96526744209 Uttar Pradesh88705257230 Madhya Pradesh82835003358 West Bengal61682410364 Karnataka4063151453 Andhra Pradesh3971246468 Bihar3945174123 Telangana3020155699 Jammu and Kashmir260194631 Odisha238814169 Haryana2356105521 Punjab2301200044 Kerala149565112 Assam14862854 Uttarakhand9592225 Jharkhand6612965 Chhatisgarh5481211 Tripura4231730 Himachal Pradesh3401186 Chandigarh2972144 Puducherry88300 Manipur83110 Goa73500 Nagaland5800 Arunachal Pradesh3710 Meghalaya33131 Mizoram1410 Sikkim200
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Economy

 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

 Moody's cuts India's rating to lowest investment grade with negative outlook. (PTI/AFP Photo)

Moody's cuts India's rating to lowest investment grade with negative outlook

India’s economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years

 Commuters crowd Cadorna train station in Milan, Italy. (AP Photo)

Italy slips into great recession since World War II

Business confidence in the eurozone's third largest economy in May plummeted to its lowest level

 Union Finance Minister Nirmala Sitharaman. (ANI Photo)

FM Nirmala announces additional 40k crore under MGNREGS to boost employment

Top-100 universities will be permitted to automatically start online courses by May 30, 2020

 Federal Reserve signalled Wednesday that it will keep its key short-term interest rate near zero. (Photo- AFP)

US Fed leaves interest rates near zero, to use full range of tools to help economy

In its statement, the Fed said it is "committed to using its full range of tools to support the US economy in this challenging time”

Market

 Asia stocks prove resilient to U.S. riots as S&P futures bounce. (AFP Photo)

Asia stocks reach 3-month peaks, resilient to US riots as S&P futures bounce

After a cautious start Asian markets were led higher by China on signs parts of the domestic economy were picking up

 Oil hits three-month high over hopes for output cuts. (AFP Photo)

Oil hits three-month high over hopes for output cuts

OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output into July or August

 Asian equities rally stalls on lingering economic uncertainty. (AFP Photo)

Asian equities rally stalls on lingering economic uncertainty

The World Bank warned the crisis could leave about 60 million in extreme poverty

 Jewellery demand and gold investment demand also declined in the first quarter. (AFP Photo)

India's Jan-Mar gold demand falls 36% due to volatile prices, economic uncertainties

Jewellery demand and gold investment demand also declined in the first quarter and going ahead it could be a "challenging year"

Companies

In this photograph taken on May 24, 2020, ambulance staff from HelpNow put on protective gear before starting a transport journey in Mumbai. As coronavirus hotspot Mumbai grapples with crippling healthcare shortages, an ambulance service founded by three students is trying to fill the gap in India's worst-hit city. But many patients are too poor to pay for the life-saving trip. (Photo | AFP)

Ambulance startup run by three youngsters helps overcrowded Mumbai's COVID response

Helpnow received 4,000 calls last week but can afford to do only 10 trips free, and is seeking donations to fund more complimentary services

 Govt rejects Flipkart's proposal for entering food retail sector.  (PTI Photo)

Government rejects Flipkart's plan to enter food retail sector

The company spokesperson said that Flipkart intends to re-apply for the permit

 US firms in Hong Kong awake to 'sad day' as Trump vows to curb economic ties. (AP Photo)

US firms in Hong Kong awake to 'sad day' as Trump vows to curb economic ties

Trump said Beijing had broken its word over Hong Kong’s high degree of autonomy by proposing new national security legislation

 Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown. (AFP Photo)

Start-ups get creative as coronavirus crisis fuels funding crunch, reinvents businesses to survive economic slowdown

A group of the top venture firms warned startups this month that it will be “very difficult” to raise financing anytime soon

 This image provided by Stuff, shows CEO Sinead Boucher in Auckland, New Zealand Nov. 28, 2019. Stuff, one of New Zealand's largest media organizations has been sold for a single dollar to the chief executive, Sinead Boucher in a management buyout that would be completed by the end of the month. (AP Photo)

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

Autos

 FILE - Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union. (AP Photo)

US auto factories likely to remain closed for another two weeks

Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union

Tata Sierra EV Concept

Electric car: Future of motoring

Green cars were the dominant theme at the India’s biggest motor show 2020.

 Auto dealers seek higher sales margin, cost reduction measures amid Covid19 crisis. (AFP Photo)

Auto dealers seek higher sales margin, cost reduction measures amid Covid19 crisis

Dealerships on an average are spending 85% of their gross revenues on costs and majority of that is on manpower, interest and infrastructure

Automobile majors on Wednesday announced the resumption. (PTI Photo)

Some auto companies resume production, others prepare to restart manufacturing

Home Ministry allowed factories in rural areas or those outside municipal limits to resume production under strict safety guidelines

In Other News

 Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's. (PTI Photo)

Economic damage for India from lockdown to be significant, says Moody's

Indian economy already was growing at its slowest pace in six years and with the stimulus measures falling short of expectations

 NHAI plans to develop 57 stretches as model national highways. (PTI Photo)

NHAI to develop 57 highway stretches in every state

These model stretches will also serve as a platform to instruct the highway engineers of the country, including state PWD engineer

 Vijay Mallya asks govt to accept loan repayment offer, close case against him. (AFP Photo)

Accept loan repayment offer, close case against me: Vijay Mallya asks govt

While congratulating government over Rs 20 lakh crore package, Mallya lamented that his repeated offers to repay his dues have been ignored

The 2020 season has been suspended due to coronavirus lockdown.

IPL wipeout may cause India 4k crore losses

IPL, which began in 2008, generates the bulk of BCCI's revenue

 UK's covid19 job saving scheme to taper off from August, says Rishi Sunak. (AP Photo)

Rishi Sunak sets out plans to taper off UK's Ccovid19 job saving scheme from August

From July 1, employers will have maximum flexibility to decide to bring back employees for a number of days per week